BBMG(SH:601992)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥23.48 billion, representing a year-over-year increase of 1.7% compared to ¥23.08 billion in the same period last year[4]. - The net profit attributable to shareholders for Q1 2023 was a loss of approximately ¥331.65 million, a significant decline of 220.3% compared to a profit of ¥275.67 million in the same period last year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of approximately ¥517.22 million, a decrease of 395.1% compared to a profit of ¥175.25 million in the same period last year[4]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.03, a decrease of 220.3% from ¥0.03 in the same period last year[5]. - The company reported a 35.7% increase in R&D expenses, indicating a focus on enhancing innovation and product development[9]. - The total comprehensive income for Q1 2023 was a loss of CNY 860,929,861.46, compared to a comprehensive income of CNY 151,173,943.78 in Q1 2022, indicating a significant downturn[20]. - The company reported a net profit loss of CNY 843,151,311.86 in Q1 2023, compared to a net profit of CNY 163,826,441.20 in Q1 2022, representing a significant decline[20]. Cash Flow and Liquidity - The cash generated from operating activities increased significantly by 590.1% to approximately ¥1.40 billion, compared to ¥203.16 million in the same period last year[4]. - The company's cash flow from operating activities showed a net increase of CNY 1,401,956,142.58 in Q1 2023, compared to CNY 203,160,764.54 in Q1 2022, reflecting a substantial improvement[23]. - The cash received from sales of goods and services in Q1 2023 was CNY 23,886,085,971.04, compared to CNY 20,419,100,473.17 in Q1 2022, showing an increase of approximately 12.1%[23]. - The company's cash and cash equivalents as of March 31, 2023, amount to ¥19,310,440,618.93, an increase from ¥15,996,435,857.72 at the end of 2022[14]. - The company's cash and cash equivalents at the end of Q1 2023 amounted to 14,449,873,415.01 CNY, up from 12,587,376,218.32 CNY at the end of 2022, reflecting a growth of about 15%[24]. Assets and Liabilities - The total assets at the end of Q1 2023 were approximately ¥282.84 billion, reflecting a slight increase of 0.5% from ¥281.56 billion at the end of the previous year[5]. - Total current assets reached ¥158,343,221,287.11 as of March 31, 2023, compared to ¥156,824,356,324.81 at the end of 2022[15]. - The total liabilities as of March 31, 2023, were CNY 186,969,208,471.20, slightly up from CNY 186,663,848,537.15 at the end of 2022[17]. - The company reported a short-term loan of ¥29,553,170,016.32 as of March 31, 2023, an increase from ¥25,482,825,771.43 at the end of 2022[15]. - The company's total liabilities decreased slightly to 90,760,666,763.49 CNY from 90,530,921,301.34 CNY, indicating a reduction in financial obligations[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 120,125[12]. - The largest shareholder, Beijing State-owned Capital Operation Management Co., Ltd., holds 4,797,357,572 shares, accounting for 44.93% of total shares[12]. - The top ten shareholders hold a total of 63,936,100 shares through margin trading and securities lending[13]. - The company has a total of 26,310,062 shares held by the top ten unrestricted shareholders[12]. Research and Development - Research and development expenses for Q1 2023 were CNY 104,336,088.54, compared to CNY 76,886,385.31 in Q1 2022, marking an increase of about 35.6%[18]. - The company incurred financial expenses of CNY 156,253,165.99 in Q1 2023, down from CNY 260,901,438.40 in Q1 2022, indicating a reduction of approximately 40%[29]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30].