BBMG(SH:601992)2018-04-25 16:00Financial Performance - Operating revenue for the period was ¥9.94 billion, a decrease of 12.34% year-on-year[6]. - Net profit attributable to shareholders was a loss of ¥212.61 million, down 148.26% from a profit of ¥440.59 million in the same period last year[6]. - Basic and diluted earnings per share were both -¥0.02, a decrease of 150.00% compared to ¥0.04 in the same period last year[6]. - The company reported a significant decrease in net profit due to various operational challenges and market conditions[6]. - Total revenue for Q1 2018 was CNY 9,939,344,514.22, a decrease of 12.3% compared to CNY 11,338,722,980.02 in the previous period[31]. - Net profit for Q1 2018 was a loss of CNY 638,463,383.92, compared to a profit of CNY 59,987,555.97 in the same period last year[32]. - The company’s earnings per share (EPS) for Q1 2018 was -0.02, compared to 0.04 in the previous year[33]. - The total comprehensive income for Q1 2018 was a loss of CNY 662,808,145.89, contrasting with a gain of CNY 73,968,107.63 in the same period last year[33]. - The net profit for Q1 2018 was a loss of CNY 17,770,092.03, an improvement from a loss of CNY 127,847,085.43 in Q1 2017, representing a reduction of approximately 86.1%[35]. - The total operating expenses for Q1 2018 were CNY 198,156,652.16, down from CNY 294,991,107.90 in Q1 2017, indicating a decrease of approximately 32.7%[34]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥235.30 billion, an increase of 0.91% compared to the end of the previous year[6]. - The company's current assets totaled CNY 145.87 billion, compared to CNY 144.55 billion at the beginning of the year, reflecting a growth of 0.9%[23]. - The total liabilities increased to CNY 166.20 billion from CNY 163.25 billion, indicating a rise of 1.2%[25]. - The company's cash and cash equivalents decreased to CNY 16.83 billion from CNY 17.90 billion, a decline of 6.0%[23]. - Accounts receivable decreased to CNY 7.32 billion from CNY 7.75 billion, a reduction of 5.6%[23]. - Inventory increased to CNY 100.53 billion, up from CNY 99.60 billion, representing a growth of 0.9%[23]. - The company's total equity stood at CNY 69.10 billion, down from CNY 69.94 billion, a decrease of 1.2%[25]. - The company's total assets increased to CNY 115,518,441,697.33 from CNY 109,392,097,314.28, representing a growth of 5.2%[29]. - Current assets totaled CNY 68,831,479,957.10, up from CNY 62,692,084,532.23, indicating an increase of 9.1%[28]. - Total liabilities rose to CNY 74,579,001,210.27 from CNY 68,308,531,457.41, marking an increase of 9.9%[29]. Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of -¥3.77 billion, representing a 52.58% increase compared to -¥7.95 billion in the previous year[6]. - Cash flow from operating activities increased by 52.6% compared to the same period last year, mainly due to a decrease in land payment during the reporting period[11]. - The total cash inflow from operating activities was CNY 12,883,979,061.25, slightly down from CNY 13,279,279,345.51 in the previous year, indicating a decrease of about 3.0%[38]. - The net cash outflow from operating activities was CNY -3,767,899,777.79, an improvement from CNY -7,945,676,578.93 in the same period last year, showing a reduction of approximately 52.7%[38]. - The cash flow from investing activities resulted in a net outflow of CNY -1,595,750,187.03, compared to a net inflow of CNY 635,901,265.24 in Q1 2017[39]. - The cash flow from financing activities generated a net inflow of CNY 4,306,767,105.90, an increase from CNY 3,641,729,423.27 in the previous year, representing an increase of about 18.2%[39]. - The total cash and cash equivalents at the end of Q1 2018 were CNY 11,855,385,592.66, down from CNY 14,444,578,243.29 at the end of Q1 2017, a decrease of approximately 18.0%[39]. - Net cash flow from financing activities increased to $5.33 billion from $3.59 billion year-over-year[41]. Shareholder Information - The total number of shareholders at the end of the reporting period was 217,473[10]. - The largest shareholder, Beijing State-owned Capital Management Center, held 44.93% of the shares[10]. Other Financial Metrics - The weighted average return on equity decreased by 1.41 percentage points to -0.42%[6]. - Non-recurring gains and losses totaled ¥18.52 million for the period[9]. - Prepaid accounts increased by 37.7% compared to the beginning of the year, mainly due to an increase in prepaid goods and project payments during the reporting period[11]. - Interest receivables increased by 88.5% compared to the beginning of the year, primarily due to interest accruals during the reporting period[11]. - Other receivables increased by 48.1% compared to the beginning of the year, mainly due to an increase in inter-company transactions and advances during the reporting period[11]. - Financial assets available for sale increased by 43.3% compared to the beginning of the year, primarily due to the purchase of wealth management products during the reporting period[11]. - Employee compensation payable decreased by 40% compared to the beginning of the year, mainly due to the payment of last year's performance bonuses during the reporting period[11]. - Tax payable decreased by 45.9% compared to the beginning of the year, primarily due to income tax payments during the reporting period[11]. Strategic Developments - The company executed new accounting standards for revenue and financial instruments starting January 1, 2018, impacting the financial statements[12][16]. - The company agreed to adjust the restructuring plan with Jidong Cement, changing the asset acquisition method to include equity stakes in cement companies[19]. - The company plans to establish a joint venture with Jidong Cement, contributing part of its cement assets, which was approved by the Beijing State-owned Assets Supervision and Administration Commission[20]. - The company received approval from the Hong Kong Stock Exchange for the transaction related to the joint venture on March 28, 2018[20]. - The company reported that the evaluation results of the assets contributed to the joint venture were consistent with the board's resolutions[20].