BBMG(SH:601992)2021-04-29 16:00Financial Performance - Operating revenue for the current period reached approximately ¥22.94 billion, an increase of 67.21% year-on-year[4] - Net profit attributable to shareholders of the listed company was approximately ¥220.95 million, up 61.59% from the same period last year[4] - Basic earnings per share were ¥0.02, representing a 100% increase from ¥0.01 in the same period last year[4] - Total operating revenue for Q1 2021 was approximately ¥22.94 billion, a significant increase from ¥13.72 billion in Q1 2020, representing a growth of 67.5%[20] - Net profit for Q1 2021 reached approximately ¥412.20 million, a turnaround from a net loss of ¥215.70 million in Q1 2020[21] - Total comprehensive income for the first quarter of 2021 was approximately CNY 1.26 billion, a decrease of CNY 199.55 million compared to the previous year[24] Cash Flow - Net cash flow from operating activities was approximately ¥1.13 billion, a significant increase of 129.82% compared to a negative cash flow of approximately ¥3.79 billion in the previous year[4] - Cash inflow from operating activities reached CNY 29.04 billion, up from CNY 15.04 billion in the first quarter of 2020, representing an increase of 93.5%[25] - Cash received from sales of goods and services was CNY 26.47 billion, a substantial increase from CNY 12.60 billion in the first quarter of 2020[25] - Cash outflow from investing activities totaled CNY 759.23 million, a decrease from CNY 1.62 billion in the first quarter of 2020[26] - Cash inflow from financing activities was CNY 13.52 billion, down from CNY 19.75 billion in the previous year, indicating a decrease of 31.5%[26] - The net cash flow from financing activities was negative CNY 3.52 billion, compared to a positive CNY 5.46 billion in the first quarter of 2020[26] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥290.49 billion, a decrease of 0.29% compared to the end of the previous year[4] - Total liabilities amounted to ¥196.19 billion, a slight decrease from ¥196.90 billion year-over-year[14] - Total equity reached ¥94.30 billion, down from ¥94.46 billion compared to the previous year[14] - Cash and cash equivalents decreased to ¥10.11 billion from ¥12.66 billion year-over-year, representing a decline of approximately 20.1%[16] - Current liabilities rose to ¥49.38 billion from ¥41.45 billion, marking an increase of approximately 19.0%[17] - Long-term borrowings decreased to ¥32.76 billion from ¥34.82 billion, a decline of about 5.9%[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 135,218[6] - The largest shareholder, Beijing State-owned Capital Management Center, held approximately 44.93% of the shares[6] Research and Development - Research and development expenses increased by 39.56% year-on-year, reflecting the company's increased investment in R&D[9] - Research and development expenses for Q1 2021 amounted to ¥78.75 million, an increase from ¥56.42 million in Q1 2020[20] Operating Costs - Operating costs increased by 78.68% year-on-year, mainly due to higher costs in building materials and real estate sectors[9] - Total operating costs for Q1 2021 were about ¥22.73 billion, compared to ¥14.07 billion in Q1 2020, indicating an increase of 61.8%[20] Other Income and Expenses - The company reported a non-operating income of approximately ¥154.41 million for the current period[5] - Investment income increased by 57.62% year-on-year, primarily due to higher returns from joint ventures and associates[9] - The company reported investment income of approximately ¥61.35 million in Q1 2021, up from ¥38.93 million in Q1 2020[20] - Fair value changes in income decreased by 596.12% year-on-year, primarily due to the sale of investment properties and the transfer of previous years' gains[9] Employee Compensation - Employee compensation payable decreased by 37.75% compared to the beginning of the year, primarily due to the payment of last year's performance bonuses[9] - The company’s cash outflow for employee compensation was CNY 1.96 billion, an increase from CNY 1.70 billion in the first quarter of 2020[25]