BBMG(SH:601992)2021-04-22 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥5,095,831,046.37, representing a 64.40% increase compared to ¥3,099,743,882.17 in the same period last year[3]. - The net profit attributable to shareholders was -¥51,485,534.03, an improvement of 81.68% from -¥280,972,698.29 year-on-year[3]. - The basic earnings per share improved to -¥0.076 from -¥0.246, reflecting an increase of ¥0.17 per share year-on-year[3]. - Total operating revenue for Q1 2021 reached ¥5,095,831,046.37, a significant increase from ¥3,099,743,882.17 in Q1 2020, representing a growth of approximately 64.4%[33]. - Total operating costs for Q1 2021 were ¥5,183,328,317.24, compared to ¥3,555,033,787.78 in Q1 2020, indicating an increase of about 46%[34]. - The company's net profit for Q1 2021 is not explicitly stated, but the increase in revenue and costs suggests a focus on growth despite rising expenses[34]. - The company reported a comprehensive income total of CNY -33,384,555.69 for the first quarter, compared to CNY -401,901,793.52 in the previous year[37]. Cash Flow - The net cash flow from operating activities increased by ¥672,314,523.56, reaching ¥418,006,380.37, compared to -¥254,308,143.19 in the previous year[3]. - The company's net cash flow from operating activities improved significantly, increasing by 264.37% to ¥418,006,380.37 compared to the same period last year[12]. - The cash flow from operating activities was CNY 5,485,612,640.25, up from CNY 3,447,873,342.37 in the previous year, indicating a strong cash generation capability[41]. - Cash inflow from operating activities totaled ¥959,299,621.81, compared to ¥587,501,033.35 in the previous year, marking an increase of approximately 63.2%[44]. - The company incurred cash outflows of ¥1,114,691,390.36 for operating activities, which is an increase from ¥600,853,016.91 in the same quarter last year[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥60,652,721,265.43, a 2.89% increase from ¥58,947,299,370.17 at the end of the previous year[3]. - The total current assets as of March 31, 2021, amount to CNY 17,884,465,906.58, an increase from CNY 15,968,634,622.83 as of December 31, 2020[26]. - The total liabilities as of March 31, 2021, are CNY 30,259,139,213.31, compared to CNY 26,797,928,703.07 at the end of 2020[28]. - The total equity attributable to shareholders of the parent company was ¥17,602,225,151.80 as of March 31, 2021, down from ¥17,711,014,572.23 at the end of 2020, a decrease of about 0.6%[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 116,326[6]. - The largest shareholder, Jidong Development Group, holds 30.00% of the shares, totaling 404,256,874 shares[6]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[8]. Government Support and Investments - The company received government subsidies amounting to ¥29,688,045.02 during the reporting period[4]. - The total amount of committed investment for the new dry-process cement clinker production line project is CNY 164,435 million, with a cumulative investment of CNY 104,528.83 million, representing an investment progress of 63.57%[20]. - The Yangquanshan Mine auxiliary facilities construction project has a committed investment of CNY 18,964.5 million, with a cumulative investment of CNY 4,576.19 million, resulting in an investment progress of 24.13%[20]. Financial Management - The company's financial expenses decreased by 32.72% to ¥173,158,652.69, attributed to a reduction in the scale of interest-bearing liabilities and comprehensive interest rates[11]. - The company incurred financial expenses of CNY 84,834,775.85, down from CNY 112,187,149.16 in the previous year, reflecting improved cost management[38]. - The company reported a significant increase in investment income, rising by 190.27% to ¥18,679,828.49, mainly due to higher net profits from joint ventures[11]. - The company achieved an investment income of CNY 2,043,092,170.70, a significant recovery from a loss of CNY -20,563,416.60 in the previous year[38]. Mergers and Restructuring - The company is currently planning a major asset restructuring, with stock trading suspended since March 18, 2021, and is expected to resume trading within 10 trading days[13]. - The company approved a merger with Jinyu Jidong Cement (Tangshan) Co., Ltd. and related fundraising plans during the board meeting on March 31, 2021[13].