BAOMING TECH(SZ:002992)2024-04-28 08:21Cash Flow and Operating Activities - The cash inflow from operating activities amounted to ¥297,406,710.07, an increase of 28.3% compared to ¥231,778,973.46 in the previous period[1] - The cash outflow from operating activities totaled ¥345,122,362.00, up from ¥306,380,813.82, resulting in a net cash flow from operating activities of -¥47,715,651.93, an improvement from -¥74,601,840.36[1] - The company received other cash related to operating activities amounting to ¥1,900,241.94, down from ¥4,506,919.16[1] - The net cash flow from operating activities improved by 36.04%, amounting to -¥47,715,651.93 compared to -¥74,601,840.36 in the previous year[36] Investing Activities - The cash outflow for investing activities was ¥46,406,235.75, compared to ¥32,112,961.30 in the previous period, leading to a net cash flow from investing activities of -¥46,406,235.75[1] - The total cash inflow from investment activities was not specified, indicating a focus on cash outflows for asset acquisition[1] - The company has signed an investment construction contract for a new production base project on February 2, 2023[23] - The company has established a wholly-owned subsidiary, Anhui Baoming New Materials Technology Co., Ltd., to invest in the "Baoming Technology Composite Copper Foil Production Base Project" in Ma'anshan City[43] Financial Performance - The total operating revenue for the first quarter of 2023 was CNY 193,903,366.03, a decrease of 21.7% compared to CNY 247,674,242.67 in the same period last year[29] - The total operating costs for the first quarter of 2023 were CNY 228,055,346.90, down from CNY 269,294,847.64 in the previous year, reflecting a reduction of 15.3%[29] - The net loss for the first quarter of 2023 was CNY 37,695,222.26, compared to a net loss of CNY 24,905,915.52 in the same period last year, indicating an increase in losses of 51.3%[30] - The company reported a basic and diluted earnings per share of -0.21 for the first quarter of 2023, compared to -0.14 in the same period last year[30] - The net profit attributable to shareholders was -¥37,161,254.38, representing a decline of 48.51% year-over-year[36] Assets and Liabilities - The company's cash and cash equivalents at the end of the reporting period were CNY 314,541,107.03, up from CNY 289,511,276.96 at the beginning of the year, representing an increase of 8.5%[26] - The accounts receivable decreased to CNY 304,412,511.61 from CNY 417,007,916.66, a reduction of 27.0%[26] - The inventory increased to CNY 90,566,888.02 from CNY 73,529,701.69, reflecting a rise of 23.2%[26] - The total liabilities and equity at the end of the reporting period amounted to CNY 2,184,448,361.96, compared to CNY 2,071,689,929.19 at the beginning of the year, an increase of 5.4%[29] - Total assets increased by 5.44% to ¥2,184,448,361.96 from ¥2,071,689,929.19 at the end of the previous year[36] - Current liabilities rose to CNY 1,061,733,524.95 from CNY 992,078,909.17, reflecting an increase of approximately 7%[48] - The company’s total liabilities increased, with short-term borrowings rising by 60.33% to ¥172,940,080.63[39] - The company reported a decrease in accounts payable from CNY 386,945,385.98 to CNY 292,501,573.48, a reduction of about 24.4%[48] Financing Activities - The net cash flow from financing activities surged by 261.78% to ¥97,068,574.94, primarily due to increased borrowings[40] - The company secured CNY 115,000,000.00 in new borrowings, compared to CNY 32,000,000.00 previously[54] - Net cash flow from financing activities was CNY 97,068,574.94, a significant improvement from a net outflow of CNY 59,999,036.23 in the previous period[54] Shareholder Information - The company has a total of 13,742 common shareholders at the end of the reporting period[11] - The largest shareholder, Shenzhen Baoming Investment Co., Ltd., holds 29.77% of the shares, totaling 55,068,000 shares[11] Revenue Recognition and Adjustments - The company has made adjustments to its revenue recognition method for certain business segments to reflect a more accurate financial position[15] - The company reported a significant increase in contract liabilities, rising by 732.19% to ¥43,616,512.07, attributed to an increase in performance contracts[39] Stock and Equity - The company approved the grant of 1,000,000 restricted stocks at a price of CNY 6.49 per share to 90 incentive objects on March 28, 2023[25] - The total equity increased to CNY 1,904,345,741.45 from CNY 1,938,122,064.07, showing a decrease of approximately 1.7%[48] - The company’s long-term borrowings increased to CNY 119,820,000.00 from CNY 69,820,000.00, representing a growth of approximately 71.7%[48] - The company’s deferred tax assets rose to CNY 2,928,649.27 from CNY 2,110,780.80, an increase of about 38.7%[48]