MTL(SH:600683)2025-04-29 14:43Financial Performance - The company's operating revenue for Q1 2025 was ¥253,771,315.92, a decrease of 1.01% compared to ¥256,357,336.04 in the same period last year[5] - The net profit attributable to shareholders was -¥148,750,443.06, compared to -¥75,392,507.60 in the previous year, indicating a significant increase in losses[5] - The basic and diluted earnings per share were both -¥0.31, compared to -¥0.21 in the same period last year[5] - The weighted average return on equity was -75.12%, a significant decline from -8.86% in the previous year[5] - The company reported a net loss of CNY 1,297,391,693.83 in equity attributable to shareholders as of March 31, 2025, compared to a loss of CNY 1,068,541,250.77 as of December 31, 2024[21] - The total comprehensive income for Q1 2025 was CNY -188.71 million, compared to CNY -120.24 million in Q1 2024, reflecting a decline of about 56.73%[25] - The net profit for Q1 2025 was CNY -182.23 million, worsening from CNY -98.47 million in Q1 2024, indicating an increase in losses of approximately 84.93%[25] - The net profit for Q1 2025 was CNY -37,959,359.02, compared to a profit of CNY 27,804,205.79 in Q1 2024, indicating a significant decline[35] Cash Flow and Liquidity - The net cash flow from operating activities was ¥311,193,379.74, a substantial recovery from -¥8,305,133,068.07 in the same period last year[5] - Cash and cash equivalents as of March 31, 2025, were CNY 3,864,831,300.10, down from CNY 4,026,312,235.48 as of December 31, 2024[19] - The company experienced a net cash outflow from financing activities of CNY -484.49 million in Q1 2025, contrasting with a net inflow of CNY 375.43 million in Q1 2024, indicating a shift in financing strategy[28] - The company's cash inflow from operating activities was CNY 27,731,819.62 in Q1 2025, significantly lower than CNY 1,526,485,609.17 in Q1 2024[38] - The ending balance of cash and cash equivalents was $448.23 million, down from $925.11 million at the beginning of the period[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥60,563,732,532.24, reflecting a slight increase of 0.48% from ¥60,271,481,562.72 at the end of the previous year[6] - The total liabilities increased to CNY 53,477,031,336.31 as of March 31, 2025, compared to CNY 52,915,965,485.24 as of December 31, 2024[21] - The total current assets decreased to CNY 51,847,544,484.08 as of March 31, 2025, from CNY 54,535,934,444.87 as of December 31, 2024[19] - The total equity decreased from CNY 7,260,526,106.30 to CNY 7,135,983,819.64, a decline of approximately 1.72%[32] Operational Performance - The company reported a decrease in gross profit margins due to reduced project turnover and increased financial costs[10] - Total operating costs increased to CNY 449,626,561.95 in Q1 2025, up 17.87% from CNY 381,499,878.44 in Q1 2024[24] - Operating profit for Q1 2025 was a loss of CNY 199,146,804.52, compared to a loss of CNY 112,329,799.55 in Q1 2024[24] - Financial expenses in Q1 2025 were CNY 119,803,954.37, significantly higher than CNY 52,297,652.39 in Q1 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,434[12] - The company has a total of 40% shares held by Beijing Infrastructure Investment Co., Ltd.[13] - The company has a total of 15.78% shares held by individual shareholder Cheng Shaoliang[13] Investment and Financing Activities - The company has signed a guarantee agreement with Beijing Infrastructure Investment Co., Ltd. for the issuance of corporate bonds not exceeding RMB 2 billion, with a guarantee fee of 1% per annum[15] - The company has also signed a guarantee agreement for the issuance of medium-term notes not exceeding RMB 2 billion, with a guarantee fee of 1% per annum[16] - The company issued corporate bonds "23 Jingfa 01" amounting to RMB 2 billion on August 15, 2023[15] - The company received dividends of RMB 9.658 million from the Beijing Foundation Venture Capital Fund during the reporting period[14] - The company has invested RMB 251.5 million in the Beijing Foundation Venture Capital Fund, which has been fully recovered[14] - The company has signed a guarantee agreement for the issuance of non-public corporate bonds not exceeding RMB 1.325 billion, with a guarantee fee of 1% per annum[17] - The company paid a guarantee fee of RMB 14.4 million to Beijing Infrastructure Investment Co., Ltd. during the reporting period[15] - The company issued corporate bonds "25 Jingfa 01" amounting to RMB 884 million on March 4, 2025[17]