BHAS(SH:600960)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,216,434,704.56, representing a year-on-year increase of 15.72%[5]. - The net profit attributable to shareholders was a loss of CNY 1,277,289.34, with a basic earnings per share of -0.0013 CNY[5][6]. - Total operating revenue for Q1 2023 reached ¥1,216,434,704.56, an increase of 15.7% compared to ¥1,051,157,443.68 in Q1 2022[26]. - Net profit for Q1 2023 was ¥509,364.30, a significant recovery from a net loss of ¥18,787,466.88 in Q1 2022[27]. - The company reported a comprehensive income of ¥13,264,486.18 for Q1 2023, compared to a loss of ¥276,088,219.05 in Q1 2022[28]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.0013, improving from -¥0.0213 in Q1 2022[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,296,765,966.79, a decrease of 1.26% compared to the end of the previous year[6]. - The company's total assets decreased to ¥7,296,765,966.79 from ¥7,390,169,351.71, reflecting a decline of 1.3%[24]. - Total liabilities decreased to ¥2,678,700,911.31 from ¥2,786,364,260.48, a reduction of 3.9%[24]. - The company reported a total current assets of RMB 3,544,828,542.19 as of March 31, 2023, compared to RMB 3,632,312,205.04 in the previous period, indicating a decrease of approximately 2.4%[22]. - Cash and cash equivalents amounted to RMB 724,255,495.38, down from RMB 974,938,365.47, reflecting a decline of about 25.6%[22]. Cash Flow - The company's cash flow from operating activities was CNY 33,930,429.41, with no applicable year-on-year comparison[5]. - In Q1 2023, the cash inflow from operating activities was CNY 1,043,717,877.18, an increase of 5.5% compared to CNY 989,491,405.02 in Q1 2022[30]. - The net cash flow from operating activities was CNY 33,930,429.41, a significant improvement from a net outflow of CNY 121,114,306.00 in the same period last year[30]. - The cash inflow from financing activities was CNY 485,440,102.50, a decrease of 35.1% compared to CNY 748,395,130.54 in Q1 2022[31]. - The net cash flow from financing activities was a negative CNY 227,589,363.89, contrasting with a positive CNY 616,624,772.47 in the previous year[31]. - The total cash and cash equivalents at the end of Q1 2023 were CNY 704,194,812.94, down 51.5% from CNY 1,451,663,123.53 at the end of Q1 2022[31]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,000[12]. - Major shareholders include Beijing Hainachuan Automotive Parts Co., Ltd. with a 23.04% stake and Beijing Automotive Group Co., Ltd. with a 21.71% stake[13]. Other Financial Metrics - Research and development expenses for Q1 2023 were ¥22,117,413.37, down 26.1% from ¥29,890,968.78 in Q1 2022[27]. - The company has provided guarantees totaling RMB 100 million for Shandong Huaxing Machinery Co., Ltd. and its subsidiaries, with the loan being overdue[15]. - The company has cumulatively compensated RMB 108,402,689.88 in principal and interest under a compensation agreement with China Construction Bank[16]. - The company’s long-term equity investments stood at RMB 468,850,923.06, slightly up from RMB 468,634,240.86, indicating a marginal increase[22]. - The company’s fixed assets were valued at RMB 1,817,761,227.91, down from RMB 1,836,239,685.13, reflecting a decrease of approximately 1.2%[22]. - The company has initiated legal proceedings to recover overdue loans, with several cases currently under enforcement[19].