BAMC(SH:601137)2021-04-19 16:00Financial Performance - Operating revenue for the first quarter reached CNY 2,099,927,249.95, an increase of 8.68% year-on-year[10] - Net profit attributable to shareholders was CNY 117,610,356.53, reflecting a slight increase of 1.29% compared to the same period last year[10] - Basic earnings per share decreased by 11.76% to CNY 0.15[10] - Revenue for the period was RMB 2,099,927,249.95, an increase of 8.68% compared to the previous year, driven by higher sales volumes of alloy materials[21] - Total operating revenue for Q1 2021 was ¥2,099,927,249.95, an increase of 8.7% from ¥1,932,202,868.31 in Q1 2020[43] - Net profit for Q1 2021 was ¥117,610,356.53, slightly up from ¥116,116,948.53 in Q1 2020, indicating a growth of 1.3%[46] - The total profit for Q1 2021 was ¥135,413,737.52, an increase from ¥127,344,469.53 in Q1 2020, reflecting a growth of 6.5%[46] Cash Flow - Net cash flow from operating activities decreased significantly by 437.1% to -CNY 158,145,587.80[10] - Net cash flow from operating activities was negative at RMB -158,145,587.80, a decline of 437.10% due to increased accounts receivable and inventory[21] - The company's cash flow from operating activities for Q1 2021 was negative at approximately -¥158.15 million, compared to a positive cash flow of ¥46.91 million in Q1 2020[57] - The net cash flow from operating activities was negative at CNY -212,710,930.80, compared to a positive CNY 268,601,279.38 in the same period last year[59] - Cash inflows from financing activities totaled CNY 1,083,814,547.55, down from CNY 1,803,258,490.56 in Q1 2020[61] Assets and Liabilities - Total assets increased by 13.21% to CNY 10,304,938,875.42 compared to the end of the previous year[10] - Total liabilities amounted to ¥5,028,358,592.51, up from ¥3,928,167,131.89, reflecting an increase of approximately 28.1%[33] - Current liabilities rose to ¥4,424,039,909.44 from ¥3,359,674,869.13, marking an increase of approximately 31.6%[31] - Total current asset of ¥2,980,660,973.31, compared to ¥2,437,913,622.23, indicating an increase of about 22.3%[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,554[12] - The largest shareholder, Bowei Group Co., Ltd., holds 29.41% of the shares, with 232,340,968 shares[15] Inventory and Receivables - Accounts receivable increased by 15.55% to RMB 1,113,393,293.69 due to rising prices of alloy raw materials[19] - Inventory rose by 29.46% to RMB 2,575,159,273.73, attributed to increased production and higher raw material prices[19] Research and Development - Research and development expenses increased by 46.46% to RMB 59,558,473.76, reflecting higher spending on R&D projects[21] - Research and development expenses increased to ¥59,558,473.76 in Q1 2021, compared to ¥40,665,549.41 in Q1 2020, representing a rise of 46.4%[43] Other Financial Metrics - The weighted average return on equity decreased by 0.77 percentage points to 2.25%[10] - Non-operating income and expenses resulted in a net gain of CNY 5,323,510.84[12] - Government subsidies recognized in the current period amounted to CNY 7,615,855.17[12]