BAMC(SH:601137)2020-04-27 16:00Financial Performance - Operating income for the period was ¥1,932,202,868.31, representing a growth of 23.45% year-on-year[11] - Net profit attributable to shareholders of the listed company rose by 38.47% to ¥116,116,948.53[11] - Basic earnings per share increased by 21.43% to ¥0.17[11] - Diluted earnings per share rose by 7.14% to ¥0.15[11] - The company's net profit for the current period is 116,116,948.53 CNY, an increase from 86,413,378.30 CNY in the previous period, representing a growth of approximately 34.3%[47] - Total comprehensive income for the current period is 124,266,468.73 CNY, compared to 54,585,007.45 CNY in the previous period, indicating a significant increase of about 128.5%[47] - Operating profit for Q1 2020 was ¥129,423,641.83, compared to ¥93,985,841.08 in Q1 2019, representing a growth of 37.6%[45] - Net profit for Q1 2020 was ¥127,344,469.53, an increase from ¥98,966,751.64 in Q1 2019, marking a growth of 28.5%[45] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,671,069,223.48, an increase of 1.04% compared to the end of the previous year[11] - The company's total assets amounted to CNY 7,671,069,223.48, an increase from CNY 7,592,380,532.84 at the end of 2019[32] - The total liabilities of the company as of March 31, 2020, were CNY 3,687,807,055.33, compared to CNY 3,838,386,428.30 at the end of 2019[34] - Total liabilities rose to ¥2,177,995,212.52 from ¥1,346,616,477.89, an increase of 62.0%[40] - The company's long-term borrowings decreased significantly to CNY 128,231,235.95 from CNY 518,909,192.17 at the end of 2019, a decrease of about 75.30%[34] Cash Flow - Net cash flow from operating activities improved significantly to ¥46,912,862.82, a turnaround from a negative cash flow of ¥-133,062,711.71 in the same period last year, marking a 135.26% increase[11] - The net cash flow from operating activities was 46,912,862.82, a significant improvement from -133,062,711.71 in the previous period, indicating a recovery in operational efficiency[55] - Cash flow from operating activities for the current period is 1,944,394,056.03 CNY, compared to 1,624,552,740.60 CNY in the previous period, reflecting an increase of approximately 19.7%[52] - Total cash inflow from financing activities reached 2,153,278,361.28, compared to 521,871,341.68 in the prior period, reflecting increased borrowing and investment inflows[55] Inventory and Receivables - Inventory decreased by 12.94% to RMB 1,480,629,295.24, attributed to reduced stock of solar photovoltaic components[21] - Accounts receivable increased from ¥353,830,201.75 to ¥422,571,558.84, a rise of 19.4%[38] - The company's inventory decreased to CNY 1,480,629,295.24 from CNY 1,700,748,569.59 at the end of 2019, reflecting a reduction of approximately 12.93%[29] Expenses - The company reported a 59.75% increase in selling expenses, amounting to RMB 74,359,555.25, due to higher transportation costs associated with increased sales[23] - Research and development expenses for Q1 2020 were ¥40,665,549.41, up from ¥31,984,399.66 in Q1 2019, representing a 27.1% increase[45] - The company's research and development expenses for the first quarter of 2020 are 27,351,738.86 CNY, an increase from 20,978,197.78 CNY in the same quarter of 2019, indicating a growth of about 30.5%[50] Financing Activities - The company issued 12 million A-share convertible bonds, raising a total of RMB 120,000,000, with a net amount of RMB 118,785.85 million after issuance costs[21] - The company incurred 1,732,236,891.25 in cash outflows for debt repayment, significantly higher than 515,625,026.77 in the previous period, highlighting a focus on debt management[55] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company reported non-operating income of ¥2,884,064.44 for the period[14]