BHCC(SH:600800)2021-04-26 16:00Financial Performance - Operating income surged by 7044.71% to CNY 916,916,394.67 year-on-year[5] - Net profit attributable to shareholders reached CNY 65,561,793.91, a significant recovery from a loss of CNY 40,283,197.07 in the same period last year[5] - Cash flow from operating activities increased by 856.30% to CNY 242,569,344.05 compared to the same period last year[5] - Basic earnings per share improved to CNY 0.06 from a loss of CNY 0.14 per share in the previous year[5] - The weighted average return on equity increased by 8.40 percentage points to 2.35%[5] - The company expects to achieve a turnaround in profitability for the first half of 2021 compared to the same period last year, driven by rising propylene product prices due to increased raw material costs and strong downstream demand[14] - The company reported a total comprehensive income of ¥64,922,333.36 for Q1 2021, compared to a loss of ¥117,781,924.85 in Q1 2020[27] - Net profit for Q1 2021 was ¥65,814,827.27, a turnaround from a net loss of ¥119,061,779.02 in Q1 2020[26] Assets and Liabilities - Total assets increased by 2.72% to CNY 4,850,542,591.61 compared to the end of the previous year[5] - The company's total liabilities increased by 249.21% to RMB 683,014,141.78 from RMB 195,586,260.04, indicating a significant rise in accounts payable[12] - Total liabilities reached CNY 2,011,148,519.20, compared to CNY 1,948,881,087.56, marking an increase of approximately 3.2%[18] - The company's equity attributable to shareholders rose to CNY 2,839,394,072.41 from CNY 2,773,315,498.88, an increase of about 2.38%[19] - Total liabilities amounted to approximately 348.92 billion, with non-current liabilities at 5.48 billion[47] - Owner's equity totaled approximately 2.52 billion, with a capital reserve of approximately 2.04 billion[47] Shareholder Information - The total number of shareholders reached 46,876 at the end of the reporting period[9] - The largest shareholder, Tianjin Bohai Chemical Group, holds 32.99% of the shares[9] Income and Expenses - The company reported a government subsidy of CNY 208,000.00 included in other income[7] - The company reported a significant increase in other income, which rose to RMB 208,000.00 from RMB 20,000.00, a 940.00% increase attributed to government subsidies[12] - The company incurred financial expenses of ¥19,076,312.39 in Q1 2021, up from ¥14,962,346.88 in Q1 2020[25] - The company reported a decrease in management expenses by 61.70% to RMB 16,848,627.19 from RMB 43,987,111.85, due to the absence of production and sales during the previous year's maintenance period[12] Cash Flow - The company's cash flow from operating activities amounted to RMB 1,067,007,848.18, a 582.95% increase compared to RMB 156,236,257.51 in the previous year[13] - Operating cash flow for Q1 2021 was 242,569,344.05 RMB, significantly up from 25,365,493.14 RMB in Q1 2020, indicating a year-over-year increase of approximately 858.5%[35] - The company reported cash outflows from financing activities of 618,926,385.51 RMB in Q1 2021, compared to 283,800,071.35 RMB in Q1 2020, indicating an increase of about 118.5%[36] - The cash flow from investment activities in Q1 2021 was -1,580,642.20 RMB, a significant decline from 158,977.50 RMB in Q1 2020, showing a year-over-year decrease of approximately 1099.0%[36] Inventory and Current Assets - Current assets totaled CNY 2,047,824,533.46, up from CNY 1,855,116,674.88, indicating an increase of about 10.36%[17] - Inventory increased to CNY 856,949,943.46 from CNY 761,885,577.93, reflecting a rise of approximately 12.5%[17] - The prepayment items increased by 139.89% to RMB 305,730,890.36 from RMB 127,446,845.26, attributed to rising raw material procurement costs[12] Other Financial Metrics - The company reported a net loss of CNY 533,310,838.87, an improvement from a loss of CNY 599,125,666.14 in the previous period[19] - The total non-current assets decreased slightly to CNY 2,802,718,058.15 from CNY 2,867,079,911.56, a decline of about 2.25%[17] - The company incurred a credit impairment loss of -312,069.72 RMB in Q1 2021, slightly better than -326,241.71 RMB in Q1 2020, reflecting a decrease of approximately 4.3%[31]