BGRIMMTEC(SH:600980)2020-04-27 16:00Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 136.26% compared to the same period last year, primarily due to the increased revenue share from the mining and metallurgy equipment sector and improved product profitability [5]. - The net profit attributable to shareholders was CNY 8,938,685.83, down 11.15% from the previous year [6]. - The weighted average return on equity decreased by 0.31 percentage points to 1.42% [6]. - Net profit for Q1 2020 was CNY 8,891,286.48, down from CNY 10,060,595.20 in Q1 2019, reflecting a decline of approximately 11.6% [30]. - Earnings per share (EPS) for Q1 2020 was CNY 0.0576, compared to CNY 0.0652 in Q1 2019, indicating a decrease of about 10.4% [30]. - The company reported a significant increase in credit impairment losses of CNY 2,781.29 in Q1 2020, compared to a loss of CNY 605,342.21 in Q1 2019 [33]. Revenue and Operating Activities - Operating revenue for the period was CNY 124,709,344.55, reflecting a slight increase of 1.01% year-on-year [6]. - Total operating revenue for Q1 2020 was CNY 124,709,344.55, a slight increase from CNY 123,462,645.11 in Q1 2019, representing a growth of approximately 1.01% [28]. - The company's operating revenue for Q1 2020 was CNY 51,332.55, a decrease from CNY 159,511.30 in Q1 2019 [33]. - The cash inflow from operating activities was significantly lower due to a decrease in cash received from operating activities, which totaled 4,712,227.48 RMB compared to 14,550,656.75 RMB in the previous year [38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 861,324,121.36, representing a 1.93% increase from the end of the previous year [6]. - Total assets as of March 31, 2020, were 861,324,121.36, an increase from 844,976,188.89 as of December 31, 2019 [21]. - Current assets totaled 587,886,973.90 as of March 31, 2020, compared to 571,287,558.52 at the end of 2019 [21]. - Total liabilities as of March 31, 2020, were 219,779,215.73, compared to 213,224,678.30 at the end of 2019 [22]. - Total liabilities increased to CNY 105,077,664.37 from CNY 104,649,613.62, marking a rise of approximately 0.41% [26]. - The company's total equity decreased to CNY 569,416,152.18 from CNY 573,506,795.80, a decline of about 0.63% [26]. Cash Flow - The net cash flow from operating activities was CNY 14,019,650.71, a decrease of 37.32% compared to the same period last year [6]. - Operating cash flow for Q1 2020 was 14,019,650.71, down 37.32% from 22,367,400.40 in Q1 2019, mainly due to decreased subsidies [16]. - The cash flow from operating activities for Q1 2020 was CNY 14,019,650.71, down from CNY 22,367,400.40 in Q1 2019 [37]. - The cash flow from investing activities showed a net outflow of CNY 2,670,831.31 in Q1 2020, compared to a net outflow of CNY 126,972.97 in Q1 2019 [37]. - The cash flow from financing activities for Q1 2020 resulted in a net inflow of CNY 19,176,900.00, while there was no inflow recorded in Q1 2019 [37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 25,731 [10]. - The largest shareholder, Beijing Mining and Metallurgy Technology Group Co., Ltd., held 39.23% of the shares, totaling 60,883,952 shares [10]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 1,543,355.51, which are closely related to its normal business operations [9]. - Other income decreased by 81.03% to 1,543,355.51 in Q1 2020, attributed to a reduction in government subsidies received [15]. Research and Development - Research and development expenses for Q1 2020 were CNY 2,973,287.97, down from CNY 3,536,597.18 in Q1 2019, a decrease of approximately 15.9% [29]. - Research and development expenses for Q1 2020 were CNY 701,480.26, down from CNY 970,798.51 in Q1 2019, reflecting a reduction in investment in innovation [33].