BBMG(SH:601992)2020-04-24 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥3,099,743,882.17, a decrease of 38.45% compared to ¥5,008,292,497.60 in the same period last year[4] - The net profit attributable to shareholders was -¥280,972,698.29, a decrease of ¥326,012,660.61 from ¥44,906,457.93 in the previous year[4] - Basic and diluted earnings per share were both -¥0.246, a decrease of ¥0.279 per share compared to ¥0.033 in the previous year[4] - The weighted average return on equity was -2.72%, a decline of 2.88 percentage points from 0.16% in the previous year[4] - The company reported a significant decrease in employee compensation payable, which fell to ¥70,400,911.04 from ¥203,385,306.78, a drop of about 65.4%[24] - The company reported a net loss of ¥392,810,586.02 for the current period, compared to a net profit of ¥107,347,855.76 in the previous period, indicating a significant decline in profitability[32] - The operating profit for the quarter was a loss of CNY 438,016,762.14, compared to a profit of CNY 153,501,457.72 in the same period last year[30] - The company reported a net loss of CNY 428,888,181.28 for the quarter, compared to a profit of CNY 155,267,117.99 in the previous year[30] Cash Flow and Liquidity - The net cash flow from operating activities was -¥254,308,143.19, down by ¥652,529,294.38 from ¥379,395,669.76 in the same period last year[4] - Cash inflows from operating activities totaled ¥3,678,435,855.26, down from ¥4,852,480,304.51 in the previous period, representing a decrease of approximately 24%[35] - The net cash flow from operating activities was -254,308,143.19 CNY, compared to 398,221,151.19 CNY in the previous year, indicating a significant decline[36] - The total cash outflow from operating activities was 3,932,743,998.45 CNY, down from 4,454,259,153.32 CNY year-over-year[36] - The cash and cash equivalents at the end of the period amounted to 4,167,293,376.64 CNY, up from 4,144,977,512.78 CNY year-over-year[39] - The net increase in cash and cash equivalents was 397,009,739.40 CNY, contrasting with a decrease of 2,964,968,077.18 CNY in the previous year[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥62,481,111,253.82, an increase of 2.88% from ¥60,733,495,715.06 at the end of the previous year[4] - Total liabilities rose to ¥34,087,996,663.21, compared to ¥31,895,530,839.43 at the end of 2019, indicating an increase of approximately 6.9%[25] - The company's total equity decreased to ¥28,393,114,590.61 from ¥28,837,964,875.63, a decline of about 1.5%[25] - Long-term borrowings increased to ¥3,085,000,000.00 from ¥2,375,000,000.00, representing a rise of approximately 29.8%[24] - The total assets increased to CNY 40,226,034,211.40 from CNY 38,703,221,014.11[28] - The total equity decreased to CNY 17,888,563,601.40 from CNY 18,066,395,392.02[28] Inventory and Sales - Inventory rose by 37.72% to ¥3.96 billion, primarily due to delayed resumption of work by downstream customers caused by the COVID-19 pandemic[12] - Operating revenue decreased by 38.45% year-on-year to ¥3.10 billion, attributed to reduced sales volume of cement and clinker[12] - Contract liabilities increased by 61.27% to ¥1.19 billion, reflecting an increase in sales settled in advance[12] - Other current liabilities surged by 106.32% to ¥3.46 billion, mainly due to the issuance of short-term financing bonds[12] Investment and Other Income - The company reported non-operating income of ¥23,427,486.07 from government subsidies during the reporting period[5] - Investment income dropped by 145.94% to -¥20.69 million, primarily due to reduced net profits from joint ventures[12] - The company reported a significant decrease in other income, down 69.57% to ¥38.56 million, due to lower resource utilization tax refunds[12] - The company reported an investment loss of -¥20,563,416.60, compared to a profit of ¥38,192,739.21 in the previous period, reflecting challenges in investment performance[33] Market Strategy and Future Plans - The company plans to continue expanding its market presence and optimizing its product offerings in response to the ongoing challenges posed by the pandemic[12] - The company has not disclosed any new product developments or market expansion strategies in the current report[30]