MTL(SH:600683)2024-11-08 10:19Financial Performance - The company's operating revenue for Q3 2024 was ¥560,572,233.63, representing a 103.32% increase compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥702,483,661.12, with a year-to-date net profit of -¥845,117,733.45, reflecting a decrease of 1,285.82% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥716,288,524.41, with a year-to-date figure of -¥893,193,805.91, showing a decline of 2,166.08% year-on-year[2]. - The basic and diluted earnings per share for Q3 2024 were both -¥1.0600, compared to -¥1.4700 for the same period last year[4]. - The weighted average return on net assets for Q3 2024 was -66.65%, down from -84.81% year-on-year[4]. - The net profit for the third quarter of 2024 was -1,148,495,859.98 RMB, a significant decrease compared to the net profit of 181,136,055.43 RMB in the same period last year[18]. - The total comprehensive income for the third quarter was -1,176,751,452.49 RMB, compared to 130,667,990.25 RMB in the previous year[19]. - The net loss attributable to the parent company for the first three quarters of 2024 was CNY -777,147,437.54, contrasting with a profit of CNY 311,830,295.89 in the same period of 2023[15]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥59,210,497,177.28, a decrease of 0.57% from the end of the previous year[4]. - The equity attributable to shareholders at the end of Q3 2024 was ¥6,725,348,905.86, down 14.25% from the end of the previous year[4]. - Total assets as of the end of the third quarter of 2024 were CNY 59,210,497,177.28, slightly down from CNY 59,548,451,584.36 at the end of 2023[15]. - Total liabilities increased to CNY 51,172,862,059.99 in the third quarter of 2024, compared to CNY 50,090,205,014.60 in the previous year, reflecting an increase of approximately 2.2%[15]. - The company's total liabilities increased to CNY 7.35 billion from CNY 6.33 billion, marking a rise of about 16.1%[24]. - The company's total non-current assets decreased to CNY 6,300,125,185.86 from CNY 9,882,317,399.81, indicating a reduction of approximately 36.5%[15]. Cash Flow - The company reported a net cash outflow from operating activities of ¥7,666,264,164.63 year-to-date, indicating increased cash expenditures compared to the previous year[2]. - Cash flow from operating activities for the first nine months of 2024 was -7,666,264,164.63 RMB, compared to -4,993,214,929.98 RMB in the same period last year[21]. - Total cash outflow from operating activities was 11,112,587,746.49 RMB, compared to 8,376,324,185.10 RMB in the previous year[21]. - The net cash flow from operating activities for the first nine months of 2024 was CNY 1,483,662,986.37, compared to CNY 140,439,875.21 in 2023, indicating a substantial growth[30]. - The company reported cash inflows from financing activities of CNY 10,000,000.00, a significant decrease from CNY 2,291,000,000.00 in the same period last year[31]. - The net cash flow from financing activities was -CNY 933,357,251.05, compared to -CNY 216,195,995.43 in 2023, indicating a worsening cash position[31]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,138[9]. - Beijing Infrastructure Investment Co., Ltd. holds 296,310,991 shares, accounting for 40.00% of total shares[9]. - The company has a total of 296,310,991 shares held by its largest shareholder, which is a state-owned entity[11]. - The company has not disclosed any related party relationships among the top shareholders[11]. Revenue and Costs - The increase in operating revenue for Q3 2024 was primarily due to an increase in the delivery area of real estate projects compared to the same period last year[7]. - The decline in year-to-date net profit was mainly attributed to a decrease in the gross profit margin of real estate projects, increased interest expenses, and provisions for inventory impairment[8]. - Total operating revenue for the first three quarters of 2024 was CNY 1,126,270,993.18, a significant decrease from CNY 10,141,920,831.82 in the same period of 2023, representing a decline of approximately 88.9%[17]. - Total operating costs for the first three quarters of 2024 amounted to CNY 1,568,580,102.26, compared to CNY 10,045,891,805.90 in 2023, indicating a decrease of about 84.4%[17]. - The company's cash and cash equivalents decreased to ¥1,846,831,410.00 from ¥10,087,661,396.15 compared to the end of 2023[13]. - The company's cash and cash equivalents decreased to CNY 30.92 million from CNY 92.91 million, a decline of approximately 66.7%[23]. Investment and Impairment - The company has recognized asset impairment losses and credit impairment losses during the reporting period[12]. - The company reported a long-term equity investment of ¥295,915,448.42, up from ¥175,864,664.63 compared to the end of 2023[13]. - The investment income for the first three quarters of 2024 was CNY 76,157,498.49, down from CNY 188,321,299.01 in 2023, indicating a decline of approximately 59.5%[17]. - The company reported an investment income of CNY 67.45 million for the first three quarters of 2024, up from CNY 48.44 million in 2023, representing an increase of approximately 39.3%[27].