MTL(SH:600683)2017-04-20 16:00Financial Performance - Net profit attributable to shareholders decreased by 265.42% to a loss of CNY 59,611,695.63 compared to the same period last year[5]. - Operating revenue dropped by 83.87% to CNY 161,587,930.82 compared to the previous year[5]. - The company’s net profit after deducting non-recurring gains and losses was CNY -69,295,026.53, a decrease of 480.68% compared to the previous year[5]. - Basic earnings per share fell by 260.00% to -CNY 0.08[5]. - Operating profit for Q1 2017 was a loss of ¥48,908,054.20, compared to a profit of ¥126,124,772.46 in Q1 2016, representing a decrease of 138.7%[30]. - The net profit for Q1 2017 was a loss of ¥51,447,951.57, compared to a profit of ¥88,684,466.10 in Q1 2016, marking a year-over-year decline of 158.1%[30]. Revenue and Costs - Operating revenue fell by 83.87% to ¥161,587,930.82 from ¥1,002,025,245.97, primarily due to fewer real estate project sales recognized[10]. - Total operating costs for Q1 2017 were ¥210,403,674.78, down from ¥886,677,420.67, indicating a reduction of about 76.3%[30]. - Operating costs decreased by 85.09% to ¥112,958,375.67 from ¥757,696,299.95, reflecting the decline in real estate project sales[10]. Assets and Liabilities - Total assets increased by 7.10% to CNY 30,820,162,817.92 compared to the end of the previous year[5]. - Total liabilities reached ¥27,400,484,314.73, up from ¥25,305,251,740.98, an increase of 8.3%[22]. - Current assets totaled ¥28,750,749,676.28, an increase of 7.3% from the beginning of the year at ¥26,795,110,483.56[20]. - Total liabilities as of Q1 2017 amounted to ¥3,729,252,018.25, an increase from ¥3,696,751,796.88 in the previous year, reflecting a rise of approximately 0.9%[27]. - Total equity decreased to ¥3,419,678,503.19 from ¥3,471,126,454.76, a decline of 1.5%[22]. Cash Flow - Net cash flow from operating activities decreased by 5.75% to CNY 409,188,020.57 compared to the same period last year[5]. - Operating cash inflow for the current period reached ¥1,476,464,560.33, an increase of 13.76% from ¥1,297,963,444.04 in the previous period[36]. - Total cash inflow from financing activities was ¥2,521,369,329.60, a decrease of 47.3% compared to ¥4,774,870,515.99 in the previous period[37]. - Cash outflow for operating activities totaled ¥757,830,535.67, a significant increase from ¥83,005,069.32 in the previous period[39]. - The company reported a net decrease in cash and cash equivalents of ¥343,702,963.57, contrasting with an increase of ¥314,356,608.83 in the previous period[37]. Shareholder Information - The total number of shareholders reached 21,761 at the end of the reporting period[8]. - Beijing Infrastructure Investment Co., Ltd. increased its shareholding to 34.00%, holding 251,864,314 shares[9]. Investments and Financing - The company issued bonds totaling ¥500 million at an interest rate of 4.84% for a two-year term[12]. - The company provided a guarantee for a loan of ¥900 million for a joint venture, which has since been released[13]. - The company completed a total investment of ¥360 million in a venture capital fund, with ongoing investment activities[15]. - The company acquired land use rights in Beijing for ¥6.33 billion, with a 40% stake in the project[11]. Receivables and Inventory - Accounts receivable decreased by 49.33% to ¥6,880,612.02 from ¥13,578,409.92 due to the collection of payments[10]. - Other receivables increased significantly by 721.65% to ¥2,875,428,789.24 from ¥349,957,074.82 due to payments made on behalf of project companies[10]. - Inventory increased to ¥22,029,934,937.06 from ¥21,598,104,955.46, a rise of 2.0%[20]. - The company reported a significant increase in prepayments to ¥9,253,246,632.80 from ¥7,981,579,340.99, an increase of 15.9%[21]. Financial Ratios - The weighted average return on net assets decreased by 4.58 percentage points to -2.78%[5]. - The basic and diluted earnings per share for Q1 2017 were both -¥0.08, compared to ¥0.05 in the same quarter last year, showing a decline of 260%[31]. - Financial expenses increased by 133.10% to ¥51,511,004.01 from ¥22,098,665.01, attributed to increased interest expenses[10].