MTL(SH:600683)2017-10-26 16:00Financial Performance - Operating revenue for the first nine months rose by 43.39% to CNY 2.25 billion compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 1.92 million, a decline of 101.95% year-on-year[6]. - Basic earnings per share decreased by 102.26% to CNY -0.003[6]. - The weighted average return on equity dropped by 5.03 percentage points to -0.09%[6]. - Total operating revenue for the third quarter was approximately $145.9 million, a decrease of 27.1% compared to $200.2 million in the same period last year[32]. - The net profit for the third quarter was a loss of approximately $44.2 million, compared to a profit of $67.8 million in the same quarter last year[33]. - The company reported a total profit loss of approximately $43.0 million, contrasting with a profit of $87.0 million in the previous year[33]. - The company reported a total profit loss of CNY 138,995,453.18 for the first nine months, compared to a profit of CNY 39,797,227.13 in the same period last year[36]. Assets and Liabilities - Total assets increased by 2.72% to CNY 29.56 billion compared to the end of the previous year[6]. - Total liabilities rose to ¥26.07 billion, compared to ¥25.31 billion in the previous year, indicating an increase of about 3%[23]. - Current liabilities decreased to ¥12.49 billion from ¥16.45 billion, a reduction of approximately 24%[22]. - Non-current liabilities increased significantly to ¥13.58 billion, up from ¥8.85 billion, reflecting a growth of around 53%[23]. - Owner's equity totaled ¥3.49 billion, slightly up from ¥3.47 billion, showing a marginal increase of about 0.4%[23]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 207.77 million, a decrease of 107.90% compared to the previous year[6]. - The net cash flow from operating activities showed a drastic decline to -¥207,765,907.46, down by ¥2,838,327,118.59 or 107.90%, mainly due to reduced pre-sale housing payments[14]. - Total cash and cash equivalents at the end of the reporting period was CNY 1,409,475,673.41, down from CNY 3,483,634,340.84 at the end of the same period last year[41]. - Cash inflow from financing activities was $259,000,000.00, a decrease from $2,308,900,000.00 year-over-year[45]. - Net cash flow from financing activities was -$445,239,835.31, contrasting with a positive flow of $1,209,961,588.34 in the previous year[45]. Shareholder Information - The company reported a total of 28,051 shareholders at the end of the reporting period[10]. - The largest shareholder, Beijing Infrastructure Investment Co., Ltd., holds 34.00% of the shares[10]. Government Support - The company received government subsidies amounting to CNY 5.54 million during the reporting period[9]. Operating Costs - Operating costs increased to ¥1,642,683,441.46, reflecting a rise of ¥487,235,286.60 or 42.17%, also driven by the increased sales of real estate projects[13]. - Financial expenses surged to ¥112,128,268.57, a significant increase of ¥114,070,658.42, attributed to higher interest expenses and reduced income from funds[13]. - Management expenses increased to CNY 62,783,272.75 for the first nine months, compared to CNY 46,724,862.91 in the same period last year, reflecting a rise of 34.3%[36]. - Financial expenses showed a significant increase, amounting to CNY 79,403,124.98 for the first nine months, compared to a negative CNY 45,994,768.51 in the same period last year[36]. Investment Activities - The company acquired land use rights in Beijing for ¥6.33 billion, collaborating with other developers to establish a project company for development[14]. - The company completed a debt financing plan with a total issuance of ¥500 million, with a fixed interest rate of 4.84% for a two-year term[15].