MCC(SH:601618)2016-10-26 16:00Financial Performance - Operating revenue for the first nine months was RMB 141,280,010, a decrease of 2.83% from RMB 145,399,534 in the same period last year[7] - Net profit attributable to shareholders for the first nine months was RMB 3,357,044, reflecting a growth of 6.52% compared to RMB 3,151,432 in the previous year[7] - The weighted average return on equity decreased by 0.31 percentage points to 6.04% from 6.35% year-on-year[7] - The basic earnings per share remained stable at RMB 0.16, unchanged from the previous year[7] - The company reported a net profit of RMB 2,634,207 after deducting non-recurring gains and losses, which was nearly unchanged from RMB 2,634,070 in the previous year[7] - The net profit attributable to the parent company was CNY 14.84 billion, an increase from CNY 12.78 billion, reflecting a growth of approximately 16.1%[24] - The company reported a total profit of 820,928 thousand RMB for the first nine months of 2016, compared to a loss of 410,707 thousand RMB in the same period last year[32] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 363,711,887, an increase of 5.80% compared to the previous year's end of RMB 343,762,819[7] - The company's current assets totaled CNY 294.57 billion, up from CNY 275.56 billion at the start of the year, indicating an increase of about 6.9%[21] - The total liabilities reached CNY 290.59 billion, compared to CNY 272.61 billion at the beginning of the year, reflecting a rise of approximately 6.6%[23] - Accounts receivable increased to CNY 68.97 billion, up from CNY 63.66 billion, marking an increase of approximately 8.5%[21] - Inventory levels rose to CNY 128.11 billion, compared to CNY 115.31 billion at the beginning of the year, representing an increase of about 11.1%[21] - Short-term borrowings increased significantly to CNY 56.15 billion from CNY 36.80 billion, representing a rise of approximately 52.5%[23] Cash Flow - Cash flow from operating activities for the first nine months was negative at RMB -2,944,332, compared to RMB -2,577,235 in the same period last year[7] - The net cash flow from operating activities was negative at CNY -2,944,332, compared to CNY -2,577,235 in the previous year, indicating a decline in operational efficiency[36] - The total cash outflow from investing activities was CNY 6,145,594, significantly higher than CNY 3,006,030 in the same period last year, reflecting increased investment activities[37] - The cash inflow from financing activities totaled CNY 71,300,528, a decrease from CNY 81,237,293 in the previous year, indicating reduced financing activities[37] - The ending balance of cash and cash equivalents was CNY 24,878,513, a decrease from CNY 24,767,379 in the previous year, reflecting a tightening cash position[37] Contracts and Projects - For the period from January to September 2016, the company signed new contracts totaling RMB 323.06 billion, representing a year-on-year increase of 15.2%[15] - The company has won 59 PPP projects with a total investment of RMB 147.90 billion, leveraging an engineering scale of RMB 105.44 billion[15] - In the first nine months of 2016, the company signed PPP project engineering contracts worth RMB 58.12 billion, accounting for 19.7% of the new engineering contract amount[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 520,572[11] - The largest shareholder, China Metallurgical Group Corporation, held 64.18% of the shares, totaling 12,265,108,500 shares[11] Investment and Development - The company has received approval from the China Securities Regulatory Commission for a non-public issuance of A-shares to no more than 10 specific investors[16] - The company successfully sold out 150 units in the second launch of the "China Metallurgical • Shengshi Riverside" project within an hour, following the complete sell-out of the first launch in May 2016[17] - The total land transfer price for two plots acquired by the company was RMB 200.34 billion, with the first plot priced at RMB 121.41 billion and the second at RMB 78.93 billion[17] - The company is in the early planning and positioning stage for the second phase of development on the third plot, which covers a total area of 322,900 square meters[17] Tax and Impairment - The company reported a decrease in business tax and additional charges of RMB 1,905.61 million, a decline of 47.3% year-on-year, primarily due to the "tax reform" initiative[14] - Asset impairment losses for the same period amounted to RMB 1,863.43 million, an increase of 73.2% year-on-year, attributed to the assessment of debtors' repayment capabilities[14] - The company reported an increase in accounts receivable bad debt provisions due to the evaluation of debtor repayment capabilities[14] Quarterly Performance - Total revenue for Q3 2016 was CNY 45,455,355 thousand, an increase from CNY 44,707,983 thousand in Q3 2015[29] - The company reported a net profit of CNY 1,173,628 thousand for Q3 2016, slightly down from CNY 1,196,829 thousand in Q3 2015[29] - Total revenue for Q3 2016 was 1,406,753 thousand RMB, a slight decrease from 1,454,735 thousand RMB in Q3 2015, representing a decline of approximately 3.2%[30] - Net profit for Q3 2016 was 965,971 thousand RMB, down from 1,184,808 thousand RMB in Q3 2015, indicating a decrease of about 18.5%[30] - The total comprehensive income for Q3 2016 was 747,727 thousand RMB, down from 869,744 thousand RMB in Q3 2015, a decrease of around 14%[30]