BSP(SZ:000761)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥15,784,242,237.23, a decrease of 5.04% compared to ¥16,621,491,876.35 in the same period last year[9] - Net profit attributable to shareholders was ¥47,524,016.34, down 89.05% from ¥433,939,380.46 year-on-year[9] - Basic and diluted earnings per share were both ¥0.01, a decrease of 90.91% compared to ¥0.11 in the same period last year[9] - Total operating revenue for the current period is ¥15,784,242,237.23, a decrease of 5.05% from ¥16,621,491,876.35 in the previous period[34] - Net profit for the current period is ¥54,112,760.24, a significant decrease of 87.74% compared to ¥441,678,034.13 in the previous period[36] - Basic and diluted earnings per share for the current period are both ¥0.01, down from ¥0.11 in the previous period[39] Cash Flow - The net cash flow from operating activities increased significantly by 880.40% to ¥2,833,913,987.48 from ¥289,055,672.76 in the previous year[9] - Cash flow from operating activities for the current period is ¥2,833,913,987.48, an increase from ¥289,055,672.76 in the previous period[41] - Cash inflow from operating activities totals ¥14,799,224,404.77, compared to ¥13,317,640,868.59 in the previous period[41] - Cash outflow from operating activities is ¥11,965,310,417.29, down from ¥13,028,585,195.83 in the previous period[41] - The net cash flow from financing activities was -$836.69 million, showing a marginal decrease from -$841.38 million year-over-year[45] - The net increase in cash and cash equivalents was $1.94 billion, a significant recovery from a decrease of $676.39 million in the previous period[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥47,496,915,004.65, reflecting a 7.67% increase from ¥44,114,652,440.64 at the end of the previous year[9] - The company's total liabilities amounted to CNY 28.07 billion, compared to CNY 24.74 billion at the beginning of the year, marking an increase of approximately 13.4%[30] - The total equity attributable to shareholders increased to CNY 18.84 billion from CNY 18.79 billion, reflecting a growth of about 0.3%[32] Receivables and Inventory - Accounts receivable rose by 45.23% as a result of a significant increase in new receivables during the period[18] - Accounts receivable rose to CNY 1.30 billion, up from CNY 897.23 million, indicating a growth of around 45.2%[27] - Inventory levels increased to CNY 8.94 billion from CNY 8.46 billion, showing a rise of about 5.5%[27] Financing Activities - Short-term borrowings surged by 510.21%, indicating a substantial increase in short-term financing[18] - Short-term borrowings rose to CNY 300.22 million from CNY 49.20 million, indicating a significant increase of approximately 510.5%[30] - Cash inflow from financing activities totaled $300 million, up from $200 million in the prior period, reflecting increased borrowing[45] - Total cash outflow from financing activities was $1.14 billion, slightly higher than $1.04 billion in the previous period[45] Other Income and Expenses - Other income decreased by 89.14%, primarily due to a reduction in other income sources[18] - The company reported a decrease in prepaid expenses from CNY 1.25 billion to CNY 912.51 million, a decline of about 27%[27] - The company reported a decrease in interest expenses to ¥124,684,132.82 from ¥181,890,201.86 in the previous period[34] Asset Restructuring - The company is in the planning stage of a significant asset swap with Benxi Steel Group, which is expected to constitute a major asset restructuring[26]