BNMC(SH:601011)2021-04-26 16:00Financial Performance - Net profit attributable to shareholders increased by 594.89% to CNY 43,019,194.34 compared to the same period last year[6]. - Operating revenue rose by 27.71% to CNY 812,056,212.79 compared to the previous year[6]. - The company's net profit attributable to shareholders increased by 594.89% compared to the same period last year, primarily due to a decline in product sales and prices in the previous year caused by the pandemic[11]. - Net profit for Q1 2021 was RMB 36,653,917.91, significantly higher than RMB 6,091,613.68 in Q1 2020, marking a growth of 501.1%[22]. - The net profit for Q1 2021 reached CNY 87,250,455.59, a significant increase of 300% compared to CNY 21,758,761.38 in Q1 2020[26]. - The total comprehensive income for Q1 2021 was CNY 87,250,455.59, compared to CNY 21,758,761.38 in Q1 2020[26]. Assets and Liabilities - Total assets increased by 4.01% to CNY 11,534,738,339.44 compared to the end of the previous year[6]. - The company's total assets as of March 31, 2021, amounted to 11.53 billion yuan, an increase from 11.09 billion yuan at the end of the previous year[15]. - The company's current liabilities totaled approximately 3.01 billion yuan, a decrease from 3.14 billion yuan at the end of the previous year[15]. - Long-term payables increased by 798.55% compared to the end of the previous year, mainly due to the acquisition of mining rights for Donghui Coal Mine and Hengshan Coal Mine[11]. - The total liabilities decreased to RMB 3,274,630,202.59 from RMB 3,314,094,121.33, a decline of 1.2%[20]. - The company's equity increased to RMB 6,093,438,862.73 from RMB 6,006,188,407.14, representing a growth of 1.5%[20]. Cash Flow - Cash flow from operating activities decreased by 57.85% to CNY 85,529,100.26 compared to the same period last year[6]. - The net cash flow from operating activities decreased by 57.85% compared to the same period last year, attributed to increased payments for raw materials, wages, and taxes[11]. - The cash flow from operating activities for Q1 2021 was CNY 85,529,100.26, down from CNY 202,938,602.93 in Q1 2020[29]. - The total cash outflow for operating activities was CNY 663,111,033.33, which is 170.5% higher than CNY 244,894,859.87 in Q1 2020[31]. - The company's cash flow from financing activities increased by 208.74 million yuan compared to the same period last year, mainly due to the repayment of bonds in the previous year[11]. - Cash inflow from financing activities totaled CNY 170,593,674.92, down 26.7% from CNY 233,000,000.00 in Q1 2020[32]. Expenses - Tax expenses increased by 426% compared to the same period last year, driven by a rise in total profit[11]. - Sales expenses decreased by 85.32% compared to the same period last year, as railway freight for coke sales was recorded in contract performance costs[11]. - Financial expenses increased by 30.38 million yuan compared to the same period last year, mainly due to increased bond interest and discount interest expenses[11]. - The company's financial expenses increased to CNY 15,522,048.11 in Q1 2021 from CNY 2,129,499.35 in Q1 2020, with interest expenses rising to CNY 26,782,669.23[25]. - Other income decreased by 44.92% compared to the same period last year, primarily due to a reduction in government subsidies received[11]. Shareholder Information - The number of shareholders reached 96,876 at the end of the reporting period[9]. - Basic and diluted earnings per share for Q1 2021 were both CNY 0.027, up from CNY 0.004 in Q1 2020[23]. Research and Development - The company maintained a stable level of research and development expenses at RMB 3,188,894.69, comparable to RMB 3,210,293.54 in Q1 2020[22]. - The company reported a decrease in research and development expenses to CNY 567,460.97 in Q1 2021 from CNY 752,660.45 in Q1 2020[25]. Other Information - Cash and cash equivalents increased by 30.92% compared to the end of the previous year, driven by net increases from operating, investing, and financing activities[10]. - Intangible assets increased by 81.02% due to the acquisition of mining rights for Donghui and Hengshan coal mines[10]. - Other non-current assets decreased by 54.84% as mining rights were reclassified to intangible assets[10]. - Tax payable increased by 47.21% due to a significant rise in the value-added tax from increased coke prices[10]. - The company did not report any significant new product developments or market expansions during this quarter[33].