BAMC(601137)2024-04-29 07:35Financial Performance - The company's operating revenue for Q1 2024 reached CNY 4,489,041,580.90, representing a year-on-year increase of 32.67%[1] - Net profit attributable to shareholders was CNY 262,585,735.77, up 38.51% compared to the same period last year[1] - The net profit after deducting non-recurring gains and losses was CNY 250,859,086.64, reflecting a 44.33% increase year-on-year[1] - Basic and diluted earnings per share were both CNY 0.34, marking a 39.90% increase from the previous year[1] - The weighted average return on equity increased by 0.54 percentage points to 3.65%[1] - Total operating revenue for the period reached CNY 4,489,041,580.90, an increase of 32.7% compared to CNY 3,383,676,798.22 in the previous period[36] - Net profit attributable to shareholders was CNY 262,585,735.77, representing a 38.5% increase from CNY 189,578,644.39[37] - The company reported a total profit of CNY 353,206,618.29, an increase of 58.7% from CNY 222,683,197.34[36] Assets and Equity - Total equity attributable to shareholders at the end of the reporting period was CNY 7,291,610,519.44, an increase of 2.59% from the end of the previous year[1] - The total assets at the end of the reporting period were CNY 15,264,157,054.53, down 6.63% from the end of the previous year[1] - The total assets decreased to CNY 15,264,157,054.53 from CNY 16,347,712,590.75, a decline of 6.6%[33] - The total liabilities decreased to CNY 7,972,546,535.09 from CNY 9,239,882,448.78, reflecting a reduction of 13.7%[33] Cash Flow - The net cash flow from operating activities was negative at CNY -1,060,297.13, a decline of 100.55% year-on-year[1] - The net cash flow from operating activities for Q1 2024 was negative CNY 1,060,297.13, a significant decline from positive CNY 193,363,528.28 in Q1 2023, mainly due to reduced financing through notes payable[26] - In Q1 2024, the cash inflow from operating activities was approximately CNY 5.57 billion, an increase of 37.4% compared to CNY 4.05 billion in Q1 2023[39] - The net cash outflow from operating activities was CNY -1.06 million, a significant decrease from a net inflow of CNY 193.36 million in the same period last year[39] - Cash inflow from investment activities was CNY 928,096.99, while cash outflow was CNY 243.59 million, resulting in a net cash outflow of CNY -242.67 million[41] - Cash inflow from financing activities was CNY 663.26 million, down from CNY 854.84 million in Q1 2023, with a net cash outflow of CNY -802.72 million[41] - The total cash and cash equivalents at the end of Q1 2024 were CNY 1.90 billion, compared to CNY 1.06 billion at the end of Q1 2023[41] Expenses and Investments - The company's R&D expenses increased by 29.59% to CNY 104,085,979.82 in Q1 2024, compared to CNY 80,319,858.96 in Q1 2023, reflecting increased investment in research and development[26] - The company reported a significant increase in income tax expenses, which rose by 173.74% to CNY 90,620,882.52 in Q1 2024, compared to CNY 33,104,552.95 in Q1 2023, due to a higher corporate tax rate in Vietnam[26] - The company's financial expenses decreased by 26.14% to CNY 49,913,580.05 in Q1 2024, compared to CNY 67,582,598.26 in Q1 2023, primarily due to foreign exchange gains[26] - The company paid CNY 346.21 million to employees, slightly up from CNY 333.16 million in Q1 2023[41] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 17,039,423.55, contributing positively to the financial results[3] - Non-recurring gains and losses totaled CNY 11,726,649.13 after tax adjustments[3] - Other comprehensive income after tax attributable to shareholders was CNY -88,061,566.16, compared to CNY -26,449,266.64 in the previous period[37] - The impact of exchange rate changes on cash and cash equivalents was CNY 56.32 million, contrasting with a negative impact of CNY -8.96 million in Q1 2023[41]