MCC(SH:601618)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 181,201,407 thousand, a growth of 20.16% year-on-year[11] - Net profit attributable to shareholders increased by 6.10% to CNY 3,765,524 thousand for the first nine months[11] - Basic earnings per share increased by 12.50% to CNY 0.18 per share[11] - Net profit for the first nine months of 2018 was CNY 4.51 billion, compared to CNY 4.05 billion in the same period last year, reflecting a growth of approximately 11.4%[35] - Operating revenue for Q3 2018 reached CNY 55.09 billion, up from CNY 49.72 billion in Q3 2017, marking an increase of about 10.5%[34] - The basic earnings per share for Q3 2018 was CNY 0.06, compared to CNY 0.05 in Q3 2017, representing a growth of 20%[36] Assets and Liabilities - Total assets increased by 8.54% to CNY 449,977,491 thousand compared to the end of the previous year[11] - The company's total liabilities reached CNY 347,912,512 thousand, compared to CNY 317,244,693 thousand at the start of the year, marking an increase of around 9.7%[26] - The company's current assets totaled CNY 354,115,320 thousand, up from CNY 322,328,945 thousand at the beginning of the year, indicating an increase of about 9.9%[24] - Long-term borrowings rose to CNY 26,686,394 thousand from CNY 23,470,743 thousand, which is an increase of approximately 9.4%[26] - The total equity attributable to shareholders increased to CNY 83,499,493 thousand from CNY 82,499,829 thousand, showing a growth of about 1.2%[26] - The company's total liabilities rose to CNY 54.82 billion, up from CNY 45.02 billion, indicating an increase of around 21.5%[29] Cash Flow - The net cash flow from operating activities improved to -CNY 7,305,722 thousand, compared to -CNY 14,077,850 thousand in the same period last year[11] - Cash flow from operating activities showed a net outflow of -¥7,305,722,000, an improvement from -¥14,077,850,000 in the previous year[44] - Total cash inflow from operating activities was 2,174,948 thousand RMB, slightly up from 2,136,850 thousand RMB year-on-year[47] - Cash outflow from operating activities increased significantly to 3,051,105 thousand RMB, compared to 1,733,191 thousand RMB in the previous year[47] - Cash inflow from investment activities totaled 11,332,676 thousand RMB, up from 8,382,677 thousand RMB year-on-year[47] Investments and Growth - The company plans to continue expanding its market presence and invest in new technologies and products[11] - The company reported government subsidies of CNY 360,606 thousand for the first nine months, contributing positively to the financial results[13] - Long-term equity investments rose by 36.3% to 12,156,757 thousand RMB, reflecting an increase in external equity investments[18] - Research and development expenses for the first nine months of 2018 amounted to CNY 3.08 billion, compared to CNY 2.35 billion in the previous year, showing a significant increase of approximately 30.9%[34] Shareholder Information - The total number of shareholders is 416,110[15] - The top shareholder, China Metallurgical Group Corporation, holds 59.18% of shares, totaling 12,265,108,500 shares[15] - The company has no known related party relationships among the top shareholders[16] - The company has committed to avoiding competition with its controlling shareholder, China Metallurgical Group, in its main business areas[20] Other Financial Metrics - The weighted average return on equity rose by 0.54 percentage points to 5.80%[11] - The company completed a private placement of 1,613,619,170 A shares at a price of 3.86 RMB per share, raising a net amount of 6.173 billion RMB[16] - The company's inventory decreased significantly from CNY 118,292,878 thousand to CNY 62,067,213 thousand, a reduction of approximately 47.5%[24] - The accounts receivable stood at CNY 93,910,459 thousand, slightly down from CNY 94,253,008 thousand, indicating a decrease of about 0.4%[24]