BBJX(BJ:430489)2023-04-26 16:00Financial Performance - Operating revenue for Q1 2023 was CNY 123,896,832.71, down 10.21% year-on-year[9] - Net profit attributable to shareholders for Q1 2023 was CNY 10,918,247.70, a decrease of 32.27% compared to the same period last year[9] - Basic earnings per share for Q1 2023 were CNY 0.08, down 57.89% from CNY 0.19 in the previous year[10] - Total operating revenue for Q1 2023 was CNY 123,896,832.71, a decrease of 10.2% compared to CNY 137,978,313.65 in Q1 2022[36] - Net profit for Q1 2023 was CNY 11,002,361.23, a decline of 37.6% from CNY 17,692,461.57 in Q1 2022[37] - Basic earnings per share for Q1 2023 were CNY 0.08, down from CNY 0.19 in Q1 2022, reflecting a decrease of 57.9%[38] Cash Flow - The net cash flow from operating activities was -CNY 5,729,693.62, a decline of 251.85% year-on-year[9] - In Q1 2023, the company reported cash inflows from operating activities of CNY 117,883,403.67, a slight decrease from CNY 119,931,389.69 in Q1 2022[42] - The net cash flow from operating activities was negative at CNY -5,729,693.62, compared to a positive CNY 3,773,307.32 in the same period last year[42] - The total cash outflow from operating activities was CNY 123,613,097.29, compared to CNY 116,158,082.37 in the same period last year[42] - The company reported a net increase in cash and cash equivalents of CNY 7,067,530.17 for Q1 2023, compared to CNY 7,634,535.20 in Q1 2022[43] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 916,765,802.60, a decrease of 2.64% compared to the end of 2022[9] - Current assets totaled CNY 396,690,468.86, down from CNY 434,494,587.73, indicating a decrease of about 8.69%[28] - Total liabilities decreased to CNY 359,061,312.89 from CNY 395,077,701.02, a reduction of about 9.1%[30] - The company's total liabilities increased to CNY 256,201,333.73 in Q1 2023, up from CNY 219,944,658.73 in Q1 2022, representing a growth of 16.4%[37] - Long-term borrowings increased to CNY 36,897,200.00 from CNY 16,897,200.00, representing a growth of about 118.5%[30] Shareholder Information - The total number of shares outstanding is 136,459,200, with 61.69% being unrestricted shares and 38.31% being restricted shares[20] - The largest shareholder, Bangbu Energy Group, holds 27.44% of the shares, totaling 37,440,002 shares[20] - The second largest shareholder, Bangbu Zhongcheng Investment, holds 7.34% of the shares, totaling 10,013,536 shares[20] - The company reported a total of 67,820,504 shares held by the top ten shareholders, accounting for 49.41% of the total shares[22] - The number of shareholders holding common stock is 8,746[20] Operational Developments - The company plans to complete the construction and commissioning of the diacid ester project in the first half of 2023, which is expected to contribute to performance growth in the second half of the year[11] - The company aims to enhance its production capacity and improve product quality through the successful trial production of the DBM Phase II and the new 2000-ton SBM project[11] - The company reported a significant increase in prepayments, which rose by 238.94% to CNY 11,155,800.00, mainly due to increased raw material payments by a subsidiary[12] Legal and Compliance - There were no significant legal disputes or arbitration matters reported during the period[25] - The company has provided guarantees for bank loans to its subsidiaries as part of its operational strategy[26] - Daily related party transactions have been executed as planned, with compliance to disclosure obligations[26] - The company has fulfilled its previously disclosed commitments in accordance with the public offering prospectus[26]