BGE(SH:603588)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 28.84% to CNY 70,452,817.53 year-on-year[12] - Operating revenue rose by 18.80% to CNY 812,879,055.95 compared to the same period last year[12] - Basic earnings per share increased by 27.71% to CNY 0.106 per share[12] - The company reported a decrease in total profit to CNY 34,381,574.22 from CNY 51,491,406.25 year-over-year, reflecting a decline of approximately 33%[50] - Net profit for Q1 2020 reached CNY 66,546,123.56, compared to CNY 58,987,190.65 in Q1 2019, representing an increase of 12.6%[44] - Total operating revenue for Q1 2020 was CNY 812,879,055.95, an increase of 19% compared to CNY 684,250,118.94 in Q1 2019[42] - Basic earnings per share for Q1 2020 were CNY 0.106, compared to CNY 0.083 in Q1 2019, indicating a growth of 27.7%[46] Cash Flow - Net cash flow from operating activities increased by 43.88% to CNY 83,828,978.13 year-on-year[12] - Cash flow from operating activities for the first quarter of 2020 was CNY 83,828,978.13, an increase of 44% compared to CNY 58,261,346.40 in the first quarter of 2019[54] - Cash flow from investing activities showed a net outflow of CNY 507,619,936.03 in the first quarter of 2020, compared to a net outflow of CNY 208,439,470.85 in the first quarter of 2019[56] - Cash flow from financing activities resulted in a net inflow of CNY 480,384,064.10, down from CNY 606,319,661.56 in the first quarter of 2019[56] - Cash paid for purchasing goods and services amounted to 793,570,555.13, compared to 442,577,082.97 in the prior period, showing a substantial increase in operational expenses[59] Assets and Liabilities - Total assets increased by 4.51% to CNY 11,971,841,889.05 compared to the end of the previous year[12] - Total liabilities increased to CNY 8,124,491,634.17, up from CNY 7,794,573,727.43, representing a growth of approximately 4.23%[32] - Non-current liabilities rose to ¥4,301,796,384.43 from ¥3,839,693,266.82, marking an increase of about 12.06%[32] - Current liabilities totaled ¥3,822,695,249.74, a decrease from ¥3,954,880,460.61, reflecting a decline of approximately 3.34%[32] - The company's long-term equity investments grew to ¥795.62 million, compared to ¥705.77 million in the previous year[29] Shareholder Information - The number of shareholders reached 34,927 at the end of the reporting period[15] - The top shareholder, Li Weiguo, holds 22.22% of the shares, totaling 151,168,373 shares[15] Expenses - Financial expenses surged by 264.33% to ¥50.45 million, primarily due to interest accrued on green bonds and increased fixed asset loan interest[21] - Management expenses increased by 43.24% to ¥75.91 million, mainly due to higher consulting fees and employee compensation[21] - Research and development expenses for Q1 2020 totaled CNY 24,563,176.16, slightly higher than CNY 23,451,317.16 in Q1 2019[44] Investment Income - Investment income rose significantly by 226.54% to ¥17.10 million, mainly driven by substantial profit growth from an associated company[21] - The company reported an investment income of CNY 17,102,970.55 for Q1 2020, compared to CNY 5,237,624.40 in Q1 2019, marking a significant increase[44] Changes in Financial Indicators - Significant changes in financial indicators include a 180.09% increase in notes receivable to CNY 1,648.79 million[19] - The company reported a decrease of 67.15% in receivables financing to CNY 1,020.00 million compared to the previous year[19] - The company's receivables increased by 180.09% year-over-year, reflecting a rise in customer acceptance bills[20]