BCC(SZ:002455)2020-04-28 16:00Financial Performance - The company's revenue for Q1 2020 was ¥356,350,995.08, a decrease of 43.70% compared to ¥632,931,153.25 in the same period last year[7] - The net profit attributable to shareholders was -¥15,794,601.55, representing a decline of 166.69% from ¥23,684,897.60 in the previous year[7] - The basic earnings per share were -¥0.03, a decrease of 160.00% compared to ¥0.05 in the same period last year[7] - The diluted earnings per share were also -¥0.03, reflecting the same percentage decline of 160.00% from ¥0.05 in the previous year[7] - Operating profit turned negative at -¥19,525,799.93, a decline of 173.76% from ¥26,473,004.32 in the previous year[16] - The total profit for Q1 2020 was a loss of CNY 18,482,736.03, down from a profit of CNY 28,333,437.28 in the previous year[46] - The company's total comprehensive income for Q1 2020 was a loss of CNY 15,757,155.58, compared to a profit of CNY 23,647,421.18 in the same period last year[46] Cash Flow - The net cash flow from operating activities increased significantly by 842.03% to ¥77,029,718.58, compared to ¥8,176,951.56 in the same period last year[7] - Cash flow from operating activities decreased by 32.17% to ¥408,548,392.63, driven by reduced cash receipts from sales[16] - The net cash flow from financing activities was ¥391,883,281.76, a turnaround from a negative cash flow of ¥568,232.05 in Q1 2019, showcasing improved financing strategies[54] - The cash flow from investment activities showed a net outflow of ¥568,263,925.03, compared to a net inflow of ¥11,279,555.84 in the previous year, indicating a shift in investment strategy[57] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,162,982,452.87, reflecting a growth of 10.57% from ¥2,860,591,584.85 at the end of the previous year[7] - The total liabilities increased by 146.00% to ¥505,023,248.01, primarily due to the issuance of bonds[15] - Total liabilities amounted to CNY 1,531,837,565.95, with total equity at CNY 1,328,754,018.90, resulting in total assets of CNY 2,860,591,584.85[61] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,995[10] - The net assets attributable to shareholders increased by 7.40% to ¥1,427,130,653.84 from ¥1,328,754,018.90 at the end of the previous year[7] - The total equity attributable to shareholders increased to CNY 1,102,905,371.10 from CNY 991,993,635.02[41] Investment and Financing Activities - The company plans to raise a total of up to 520 million yuan through the issuance of convertible bonds, which will be fully invested in a 50,000-ton needle coke project in Ningxia Baichuan New Materials Co., Ltd.[19] - The company completed the issuance of convertible bonds on January 21, 2020, and the bonds are now listed on the Shenzhen Stock Exchange[20] - Financing activities cash inflow rose by 154.67% to ¥908,432,075.47, attributed to the issuance of convertible bonds[18] Research and Development - Research and development expenses for Q1 2020 were CNY 14,212,509.14, slightly up from CNY 13,987,338.73 in the previous period[44] - The company's research and development expenses for Q1 2020 were CNY 60,572.13, an increase from CNY 42,152.82 in the previous period[48] Other Financial Metrics - The weighted average return on equity was -1.13%, down from 1.82% in the same period last year, indicating a significant decline[7] - The company reported non-recurring gains and losses totaling ¥2,490,736.34 for the period[8] - The company reported a significant increase in credit impairment losses by 447.89% to ¥3,495,556.33, reflecting reduced bad debt provisions[16]