BNMC(SH:601011)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 830,189,816.94, representing a year-on-year increase of 4.85%[4] - The net profit attributable to shareholders decreased by 29.28% to CNY 30,306,668.21 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 30.36% to CNY 25,982,584.70[4] - Basic and diluted earnings per share decreased by 36.00% to CNY 0.016[4] - The weighted average return on equity decreased by 38.1 percentage points to 0.39%[4] - Net profit for Q1 2023 was CNY 29.81 million, a decrease of 15.1% from CNY 35.17 million in Q1 2022[19] - Basic earnings per share for Q1 2023 were CNY 0.016, down from CNY 0.025 in Q1 2022, representing a decline of 36%[19] - The total profit for Q1 2023 was a loss of ¥16,325,752.54, compared to a profit of ¥35,718,151.25 in Q1 2022[27] Cash Flow and Liquidity - The net cash flow from operating activities surged by 453.19% to CNY 242,622,427.27, primarily due to a decrease in raw material purchases[4][9] - Cash flow from operating activities for Q1 2023 was CNY 242.62 million, significantly higher than CNY 43.86 million in Q1 2022[19] - The company reported a total cash inflow from operating activities of CNY 865.79 million in Q1 2023, compared to CNY 832.79 million in Q1 2022[19] - Operating cash flow for Q1 2023 was ¥214,379,143.16, significantly up from ¥23,676,496.51 in Q1 2022, indicating improved cash generation[29] - The net cash flow from financing activities was negative at -¥7,876,877.17 in Q1 2023, contrasting with a positive flow of ¥1,161,474,783.06 in Q1 2022[30] Assets and Liabilities - Total assets at the end of the reporting period increased by 3.66% to CNY 13,884,304,640.30 compared to the end of the previous year[4] - Total current assets as of March 31, 2023, amount to ¥2,514,347,618.62, an increase from ¥2,146,971,779.88 as of December 31, 2022[13] - Total liabilities as of Q1 2023 amounted to CNY 5.48 billion, an increase from CNY 5.02 billion in the previous year, reflecting a growth of 9.2%[15] - The company's total liabilities increased to ¥4,270,838,918.47 as of March 31, 2023, compared to ¥3,750,793,392.23 at the end of 2022, marking a rise of 13.9%[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 92,425[11] - The largest shareholder, Baotailong Group Co., Ltd., holds 445,891,693 shares, accounting for 23.28% of total shares[11] - The company has a significant pledge of shares, with 290,520,000 shares pledged by Baotailong Group Co., Ltd.[11] Expenses - Research and development expenses increased by 200.88%, driven by new product development projects[9] - Sales expenses rose by 30.42%, attributed to increased promotional costs for new products by the subsidiary Xingtu[9] - Research and development expenses for Q1 2023 increased to CNY 1.61 million, compared to CNY 0.53 million in Q1 2022, marking a rise of 201.5%[18] - The company paid ¥481,324,623.43 for goods and services in Q1 2023, down from ¥625,298,266.80 in Q1 2022, reflecting cost control measures[29] Inventory and Current Assets - Inventory as of March 31, 2023, is ¥1,579,375,380.34, compared to ¥1,523,975,183.70 at the end of 2022[13] - The inventory level as of March 31, 2023, was ¥1,497,829,749.43, slightly up from ¥1,477,280,485.08 at the end of 2022, indicating a stable inventory management strategy[22] Tax and Financial Management - The company’s tax expenses for Q1 2023 were ¥643,739.16, compared to ¥10,367,627.23 in Q1 2022, indicating a reduction in tax burden[27] - The company reported a decrease in financial expenses to ¥19,800,543.17 in Q1 2023 from ¥12,634,969.45 in Q1 2022, indicating improved cost management[26]