BLIIC(SZ:300135)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥323,540,810.15, representing an increase of 82.54% compared to ¥177,243,728.34 in the same period last year[8]. - The net profit attributable to shareholders was -¥17,362,684.14, a decrease of 9.11% from -¥15,913,653.83 year-on-year[8]. - The basic and diluted earnings per share were both -¥0.0188, reflecting an 8.67% decline from -¥0.0173 in the previous year[8]. - The net loss attributable to shareholders for the quarter was 17.36 million yuan, indicating a challenging profit environment despite revenue growth[17]. - The company reported a total comprehensive loss of CNY 18,322,507.23 for Q1 2021, slightly worse than the loss of CNY 18,309,421.92 in the previous year[39]. - The net profit for the first quarter of 2021 was -12,486,174.36 CNY, compared to -5,913,190.64 CNY in the same period last year, indicating a significant increase in losses[42]. - The company's gross profit margin decreased, with operating profit recorded at -CNY 14,455,624.91 for Q1 2021, slightly improved from -CNY 14,864,070.84 in the prior year[38]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥7,777,067.12, compared to -¥55,922,505.71 in the previous year, marking a 113.91% increase[8]. - The total financial assets increased by 183.81% to 85.68 million yuan, attributed to the purchase of more financial products[16]. - Cash and cash equivalents decreased to ¥576,852,959.15 from ¥735,107,255.01, representing a decline of approximately 21.5%[28]. - The company incurred a total of 440,250,109.25 CNY in cash outflows from operating activities, compared to 337,621,148.52 CNY in the previous year[46]. - The total cash and cash equivalents at the end of the period were ¥234,050,113.44, a decrease from ¥375,492,953.18 at the end of the previous year[50]. Liabilities and Equity - Total liabilities decreased to ¥1,277,222,803.64 from ¥1,374,105,463.05, a decline of about 7.0%[30]. - The company's equity attributable to shareholders decreased to ¥1,236,612,236.77 from ¥1,253,575,467.70, reflecting a decline of about 1.4%[31]. - Total liabilities as of Q1 2021 amounted to CNY 1,282,616,243.20, compared to CNY 1,223,257,801.29 at the end of the previous year, showing an increase of about 4.8%[37]. - Total equity decreased to CNY 1,117,202,779.36 from CNY 1,129,688,953.72, indicating a decline of approximately 1.1%[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,501[12]. - The largest shareholder, Zhou Dehong, holds 30.65% of the shares, amounting to 282,440,928 shares, which are currently pledged[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13]. Operational Insights - The company's research and development expenses rose by 117.43% to 8.73 million yuan, reflecting increased investment in innovation[16]. - The inventory level increased by 51.01% to 305.97 million yuan, driven by higher asphalt procurement during the period[16]. - The company faces risks related to accounts receivable, particularly due to lengthy payment approval processes from major clients, which could lead to potential bad debt losses[17]. - The company is focusing on expanding its market presence in the underdeveloped central and western regions of China, leveraging the "Belt and Road" initiative to enhance infrastructure development[18]. - The company is implementing measures to mitigate raw material price volatility risks, including establishing long-term supplier relationships and engaging in futures hedging[19].