BAMC(SH:601137)2014-04-25 16:00Financial Performance - Operating revenue for the first quarter reached CNY 659,780,091.21, a 25.08% increase year-on-year[12] - Net profit attributable to shareholders decreased by 7.12% to CNY 22,384,336.40 compared to the same period last year[12] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 10.76% to CNY 21,169,758.04[12] - Basic and diluted earnings per share both decreased by 9.09% to CNY 0.10[12] - Total operating revenue for the current period reached ¥659,780,091.21, a significant increase of 25% compared to ¥527,476,504.11 in the previous period[28] - Total operating costs amounted to ¥635,658,372.95, up 25.5% from ¥505,985,519.19 in the prior period[28] - Operating profit for the current period was ¥21,814,929.23, reflecting a growth of 30.3% from ¥16,784,383.14 in the previous period[29] - Net profit decreased to ¥22,384,336.40, down 7.1% from ¥24,099,533.14 year-over-year[29] - Earnings per share (EPS) for the current period was ¥0.10, a decrease from ¥0.11 in the previous period[29] - Comprehensive income totaled ¥23,053,709.84, down from ¥24,099,533.14 in the prior period[29] Assets and Liabilities - Total assets increased by 3.76% to CNY 2,703,297,466.66 compared to the end of the previous year[12] - Current assets rose to CNY 1,470,245,071.48, up from CNY 1,361,222,367.12, indicating an increase of about 8.06%[20] - Cash and cash equivalents decreased to CNY 181,183,757.22 from CNY 213,691,333.33, a decline of approximately 15.24%[20] - Accounts receivable increased to CNY 301,086,177.23 from CNY 260,205,799.43, reflecting a growth of about 15.71%[20] - Inventory increased slightly to CNY 644,249,929.94 from CNY 626,839,943.62, showing an increase of approximately 2.00%[20] - Total liabilities increased to CNY 724,475,220.65 from CNY 649,629,837.64, representing a growth of approximately 11.51%[22] - Owner's equity increased to CNY 1,978,822,246.01 from CNY 1,955,768,536.17, reflecting a growth of about 1.18%[22] - Non-current assets decreased slightly to CNY 1,233,052,395.18 from CNY 1,244,176,006.69, a decline of approximately 0.89%[21] Cash Flow - The net cash flow from operating activities improved by 21.91% to -CNY 96,706,530.39 compared to the same period last year[12] - Cash flow from operating activities was negative at -¥96,706,530.39, an improvement from -¥123,843,615.92 in the previous period[35] - Cash received from sales of goods and services amounted to 682,597,445.75 RMB, up from 509,212,069.43 RMB year-over-year, representing a growth of approximately 34%[39] - The total cash outflow from operating activities was 738,553,046.34 RMB, compared to 624,419,187.99 RMB in the previous year, indicating an increase of about 18%[39] - Cash flow from investing activities was -35,467,210.62 RMB, a decrease from -55,639,938.90 RMB year-over-year, showing a reduction in cash outflow by approximately 36%[40] - Cash inflow from financing activities was 131,000,000.00 RMB, with cash outflow for debt repayment at 96,000,000.00 RMB[40] - The net cash flow from financing activities was 33,791,500.00 RMB, compared to no net cash flow in the same period last year[40] - The ending cash and cash equivalents balance was 120,535,501.65 RMB, down from 169,395,959.80 RMB year-over-year[40] - The total cash and cash equivalents decreased by 55,856,153.38 RMB during the quarter, compared to a decrease of 160,896,754.33 RMB in the same period last year[40] Shareholder Information - The number of shareholders at the end of the reporting period was 20,461[13] - The largest shareholder, Bowei Group Co., Ltd., holds 49.47% of the shares, totaling 106,357,478 shares[13] - The company’s major shareholder, Bowei Group, plans to increase its stake through the acquisition of shares from a significant shareholder, which will result in controlling approximately 70.40% of the company’s total shares[15] Government Support and Expenses - The company received government subsidies amounting to CNY 4,576,200.00 during the reporting period[11] - Financial expenses surged by 203.34% to ¥3,276,421.76, attributed to increased interest expenses from short-term loans and reduced interest income[14] - The company reported a 29129.44% increase in business taxes and additional fees, totaling ¥800,147.08, due to a substantial rise in VAT payments[14] Development and Investment - Development expenditures rose by 116.32% to ¥5,288,035.28 from ¥2,444,518.34, reflecting ongoing investment in development projects[14] - The net cash flow from investment activities improved by 46.04%, amounting to -¥51,486,174.68, due to a decrease in investment amounts for fundraising projects[14] - Investment income for the current period was ¥293,010.44, down from ¥386,684.24 in the previous period[28] Compliance and Governance - The company has committed to not engaging in similar business activities as its subsidiaries to avoid conflicts of interest, ensuring compliance with legal obligations[16]