BBJX(BJ:430489)2024-04-26 12:25Financial Performance - Net profit attributable to shareholders for Q1 2024 was CNY 10,910,255.62, a slight decrease of 0.07% year-on-year[12] - Operating revenue for Q1 2024 was CNY 146,736,534.13, representing an 18.43% increase compared to the same period last year[12] - The company reported a 14.95% increase in net profit after deducting non-recurring gains and losses, totaling CNY 8,546,001.46 for Q1 2024[12] - Total operating revenue for Q1 2024 reached CNY 146,736,534.13, an increase of 18.4% compared to CNY 123,896,832.71 in Q1 2023[41] - Total operating costs for Q1 2024 were CNY 137,638,791.69, up 20.7% from CNY 114,025,790.31 in Q1 2023[41] - Net profit for Q1 2024 was CNY 11,984,032.22, a decrease of 6.7% from CNY 12,845,604.82 in Q1 2023[41] - The company's operating profit for Q1 2024 was CNY 11,050,260.99, a decrease of 13.7% from CNY 12,808,483.82 in Q1 2023[44] - The total profit for Q1 2024 was CNY 10,993,460.99, down 13.3% from CNY 12,808,483.82 in Q1 2023[44] Cash Flow - The net cash flow from operating activities was CNY -20,082,436.94, showing a significant improvement of 250.50% year-on-year[12] - Cash received from sales in Q1 2024 was CNY 99,420,084.89, a decrease of 13.0% compared to CNY 114,321,156.93 in Q1 2023[47] - The cash inflow from operating activities totaled 61,925,455.07 CNY in Q1 2024, a decrease from 91,856,493.46 CNY in Q1 2023, indicating a decline of about 32.6%[51] - The total cash inflow from financing activities was 73,000,000.00 CNY in Q1 2024, down from 95,058,872.42 CNY in Q1 2023, reflecting a decrease of approximately 23.2%[48] - The net cash flow from financing activities for Q1 2024 was 40,258,149.77 CNY, slightly up from 40,153,021.18 CNY in Q1 2023[49] - The total cash and cash equivalents at the end of Q1 2024 were 147,224,271.50 CNY, down from 156,291,363.50 CNY at the end of Q1 2023, representing a decrease of about 5.4%[49] - The net increase in cash and cash equivalents for Q1 2024 was -3,240,145.98 CNY, contrasting with an increase of 7,067,530.17 CNY in Q1 2023[49] Assets and Liabilities - Total assets as of March 31, 2024, reached CNY 1,077,908,791.45, an increase of 0.71% compared to the end of 2023[12] - The company's total liabilities to assets ratio (consolidated) decreased to 48.90% from 49.55% at the end of 2023[12] - The total liabilities as of March 31, 2024, were not explicitly stated but can be inferred from the balance sheet data[33] - Total liabilities decreased slightly to CNY 527,075,133.68 in Q1 2024 from CNY 530,309,703.33 in Q4 2023[34] - Shareholders' equity increased to CNY 550,833,657.77 in Q1 2024, compared to CNY 539,977,484.45 in Q4 2023[34] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 7,474[18] - The largest shareholder, Bengbu Energy Group Co., Ltd., holds 27.44% of the shares, totaling 37,440,002 shares[19] - There were no significant changes in the ownership structure or major shareholder relationships reported[21] Expenses and Subsidies - The financial expenses decreased by 76.26% to CNY 480,441.69 due to increased interest income and changes in exchange gains and losses[14] - The company received government subsidies amounting to CNY 2,796,500.00 during the reporting period[15] - Research and development expenses for Q1 2024 were CNY 4,747,355.19, up from CNY 4,271,973.20 in Q1 2023[41] - Research and development expenses increased to CNY 2,063,570.85 in Q1 2024, up 44.5% from CNY 1,427,719.30 in Q1 2023[44] - The tax expenses for Q1 2024 were CNY 1,051,613.23, down from CNY 1,843,243.59 in Q1 2023, indicating a reduction of 42.8%[42] - The company received CNY 2,306,991.12 in tax refunds during Q1 2024, compared to CNY 1,347,124.45 in Q1 2023, reflecting a 71.2% increase[47] Operational Metrics - The company's current assets totaled CNY 443,788,819.37, showing a marginal decrease from CNY 443,846,800.63 at the end of 2023[32] - The short-term borrowings increased significantly to CNY 115,950,000.00 from CNY 78,710,524.46, indicating a rise of approximately 47.3%[33] - The accounts receivable rose to CNY 61,568,656.11, up from CNY 51,223,035.31, representing an increase of about 20.2%[32] - Inventory rose to CNY 43,921,280.08 in Q1 2024, an increase of 19.4% from CNY 36,949,458.73 in Q4 2023[37] - The company reported a credit impairment loss of CNY -791,204.56 in Q1 2024, an improvement from CNY -1,123,857.00 in Q1 2023[41] Guarantees and Legal Matters - The company has provided guarantees for its subsidiary's bank loans, as disclosed in the announcement 2024-028[25] - The company has no litigation or arbitration matters reported during the period[24] - The company has committed to previously disclosed matters as per the public offering prospectus[28]