BNMC(SH:601011)2017-04-28 16:00Financial Performance - Operating revenue for the period was ¥606,416,939.95, representing a significant increase of 77.56% year-on-year[7]. - Net profit attributable to shareholders was ¥21,787,225.56, a remarkable increase of 851.65% compared to the same period last year[7]. - Basic earnings per share increased to ¥0.0159, reflecting an increase of 835.29% year-on-year[7]. - The company reported a net profit excluding non-recurring gains and losses of ¥17,628,823.46, compared to a loss of ¥17,503,344.46 in the same period last year[7]. - Operating profit for the quarter was ¥21,464,632.92, recovering from a loss of ¥26,771,553.35 in Q1 2016[29]. - The company reported a total profit of ¥26,504,795.00, compared to a loss of ¥473,380.09 in the same quarter last year[29]. Cash Flow - The net cash flow from operating activities was ¥61,908,336.44, up 100.40% from the previous year[7]. - Operating cash flow for Q1 2017 was CNY 61,908,336.44, an increase of 100.1% compared to CNY 30,892,654.50 in the same period last year[32]. - Total cash inflow from operating activities reached CNY 511,582,824.95, up from CNY 274,132,441.49, representing an increase of 86.5%[32]. - Cash inflow from sales of goods and services was CNY 507,938,461.96, up from CNY 273,398,138.45, reflecting an increase of 85.8%[32]. - The ending cash and cash equivalents balance was CNY 392,573,121.69, compared to CNY 74,352,160.37 at the end of the previous year[33]. - The company reported a net increase in cash and cash equivalents of CNY 234,330,126.13, compared to a decrease of CNY 30,115,308.43 in the previous year[33]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,207,003,177.44, an increase of 2.19% compared to the end of the previous year[7]. - Current assets rose to ¥1,740,636,489.60, up from ¥1,606,128,943.23, indicating an increase of about 8.3%[21]. - Total liabilities increased to ¥4,107,124,173.24 from ¥3,930,559,503.61, representing a growth of about 4.5%[23]. - The total equity increased to ¥5,099,879,004.20 from ¥5,079,099,009.24, a growth of about 0.4%[23]. - The company's long-term investments in fixed assets decreased to ¥1,936,958,075.97 from ¥1,981,343,253.70, a decline of approximately 2.2%[21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 97,139[10]. - The largest shareholder, Heilongjiang Baotailong Group Co., Ltd., held 33.43% of the shares[10]. Market and Operational Insights - Operating revenue increased by 77.56% year-on-year, attributed to the recovery of the coke market and rising sales prices[12]. - Operating costs rose by 64.43% year-on-year, mainly due to increased raw coal costs in the recovering coal chemical market[12]. - The company's management expenses increased by 61.82% year-on-year, primarily due to depreciation and increased employee wages[12]. - The quick ratio increased by 69.23% compared to the end of the previous year, due to an increase in quick assets[13]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]. Strategic Initiatives - The company has signed a strategic cooperation agreement with the Beijing Research Institute for New Materials and Industry Technology[17]. - The company plans to establish a joint investment management company with a registered capital of 1 million yuan, with an initial investment of 150,000 yuan from the company[18]. - The company successfully acquired assets from three companies for a total transaction price of 163,718,112.64 yuan[14]. Non-Recurring Items - Non-recurring gains and losses for the period totaled ¥4,158,402.10[9].