BHCC(SH:600800)2019-04-25 16:00Financial Performance - Operating revenue for the period was CNY 17,817,936.77, a decrease of 48.07% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 20,709,695.98, compared to a loss of CNY 12,912,350.95 in the same period last year[5] - Basic and diluted earnings per share were both -CNY 0.03, compared to -CNY 0.02 in the same period last year[5] - The company's operating revenue for Q1 2019 was RMB 17,817,936.77, a decrease of 48.00% compared to RMB 34,310,437.41 in the same period last year[10] - Net loss for Q1 2019 was CNY 20,826,188.64, compared to a net loss of CNY 13,047,492.95 in Q1 2018, representing a 60% increase in losses[22] - Total comprehensive loss for Q1 2019 was CNY -20,146,735.48, compared to CNY -12,190,642.25 in Q1 2018[24] - Operating profit (loss) for Q1 2019 was CNY -20,293,937.44, compared to CNY -12,171,179.18 in Q1 2018[23] Assets and Liabilities - Total assets decreased by 5.42% to CNY 566,982,913.72 compared to the end of the previous year[5] - The total assets as of March 31, 2019, were RMB 566,982,913.72, down from RMB 599,505,848.16 at the end of 2018[15] - The total liabilities decreased to RMB 470,946,193.25 from RMB 482,642,939.05, reflecting a reduction in short-term borrowings[16] - Total liabilities reached CNY 482,642,939.05, with current liabilities accounting for CNY 480,402,298.91[33] - The company's total equity as of March 31, 2019, was CNY 150,954,138.51, down from CNY 171,100,873.99 at the end of 2018[19] Cash Flow - The company reported a net cash flow from operating activities of -CNY 26,710,098.45, compared to -CNY 23,251,747.37 in the previous year[5] - Cash inflow from operating activities totaled CNY 17,986,931.13 in Q1 2019, down from CNY 30,356,505.73 in Q1 2018[26] - Total cash outflow from operating activities was CNY 44,697,029.58 in Q1 2019, compared to CNY 53,608,253.10 in Q1 2018[26] - The cash flow from financing activities resulted in a net cash outflow of CNY 9,984,216.00, primarily due to debt repayment of CNY 9,900,000.00 and dividend payments of CNY 84,216.00[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 76,312[9] - The largest shareholder, Tianjin Global Magnetic Card Group Co., Ltd., held 28.09% of the shares, amounting to 171,731,347 shares[9] Management and Expenses - The company's management expenses increased by 35.00% to RMB 17,299,938.63 from RMB 12,814,529.70, primarily due to increased intermediary fees[10] - Research and development expenses increased to CNY 4,014,894.43 in Q1 2019, up from CNY 1,577,000.00 in Q1 2018, indicating a focus on innovation[21] Other Information - The company has not disclosed any new product or technology developments, market expansion, or acquisition strategies in this report[5] - The company has not yet received formal disapproval from the China Securities Regulatory Commission regarding its asset acquisition plan[10] - The company adjusted its financial statements in accordance with new financial instrument standards, revenue recognition standards, and lease standards[29] - The company has made accounting policy changes in compliance with relevant regulations, which will not significantly impact financial statements[38]