BNMC(SH:601011)2020-04-27 16:00Financial Performance - Operating revenue fell by 18.84% to CNY 635,846,359.60 year-on-year[6] - Net profit attributable to shareholders decreased by 91.95% to CNY 6,190,784.16 compared to the same period last year[6] - Basic and diluted earnings per share dropped by 91.67% to CNY 0.004[6] - The weighted average return on equity decreased by 1.16 percentage points to 0.1%[6] - Other income decreased by 69.76% year-on-year, mainly due to a reduction in government subsidies received[13] - The company reported a net profit of CNY 2,511,221.01 for Q1 2020, compared to a net loss in Q1 2019[22] - Net profit for Q1 2020 was CNY 21.76 million, down 55.96% from CNY 49.35 million in Q1 2019[25] - Operating profit for Q1 2020 was CNY 29.78 million, a decline of 50.32% from CNY 60.00 million in Q1 2019[25] - Total comprehensive income for Q1 2020 was CNY 21.76 million, a decrease of 55.96% from CNY 49.35 million in Q1 2019[25] Assets and Liabilities - Total assets decreased by 2.02% to CNY 10,612,698,067.42 compared to the end of the previous year[6] - Total liabilities decreased from 3,986,778,936.51 RMB to 3,760,286,278.42 RMB[17] - The company's total assets as of March 31, 2020, were CNY 9,000,304,213.82, a decrease from CNY 9,168,835,224.90 at the end of 2019[21] - Total liabilities as of March 31, 2020, were CNY 3,137,882,030.75, down from CNY 3,328,203,642.13 at the end of 2019[20] - Non-current liabilities due within one year decreased by 64.77%, primarily due to the repayment of maturing bonds[12] - Total liabilities amounted to CNY 3,986,778,936.51, with current liabilities at CNY 3,341,112,062.14 and non-current liabilities at CNY 645,666,874.37[35] Cash Flow - Cash flow from operating activities increased by 49.65% to CNY 202,938,602.93 year-on-year[6] - Cash flow from operating activities increased by 49.91% year-on-year, mainly due to reduced payments for raw materials and lower wage and tax payments[13] - The net cash flow from operating activities for Q1 2020 was CNY 202.94 million, an increase of 49.67% compared to CNY 135.61 million in Q1 2019[27] - The net cash flow from operating activities was CNY 172,261,636.81, slightly down from CNY 176,847,039.93 in the same period last year[30] - The company reported a net cash outflow from investing activities of CNY -35,687,484.77, compared to CNY -50,537,494.91 in Q1 2019[30] - The net cash flow from financing activities was CNY -181,228,553.92, compared to CNY -146,454,294.54 in the previous year[31] Shareholder Information - The total number of shareholders reached 102,470 by the end of the reporting period[10] - The largest shareholder, Heilongjiang Baotailong Group Co., Ltd., holds 28.39% of the shares, with 457,177,693 shares pledged[10] Research and Development - Research and development expenses increased by 144.62% year-on-year, mainly due to increased spending on graphene-related projects[13] - Research and development expenses for Q1 2020 were CNY 3,210,293.54, an increase from CNY 1,312,380.77 in Q1 2019[22] - Research and development expenses for Q1 2020 were CNY 752.66 thousand, down 33.83% from CNY 1.14 million in Q1 2019[25] Market Strategy - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[6] Accounts Receivable and Inventory - Accounts receivable increased by 114.96% compared to the end of the previous year, primarily due to relaxed credit conditions to expand sales[12] - Inventory decreased to CNY 892,678,454.67 from CNY 1,182,791,704.09 at the end of 2019[19]