MTL(SH:600683)2019-04-19 16:00Financial Performance - In 2018, the company's operating revenue reached CNY 7,974,908,473.92, an increase of 28.27% compared to CNY 6,217,396,048.74 in 2017[20]. - The net profit attributable to shareholders was CNY 357,859,772.94, reflecting an 11.22% increase from CNY 321,746,980.27 in the previous year[20]. - Basic earnings per share for 2018 was CNY 0.48, an increase of 11.63% compared to CNY 0.43 in 2017[21]. - The weighted average return on equity increased to 14.72% in 2018, up by 0.43 percentage points from 14.29% in 2017[21]. - The company reported a slight decrease of 1.29% in the net profit after deducting non-recurring gains and losses, amounting to CNY 289,812,525.54 compared to CNY 293,609,155.86 in 2017[20]. - The company achieved total operating revenue of CNY 797,490.85 million, a year-on-year increase of 28.27%[40]. - Net profit attributable to shareholders reached CNY 35,785.98 million, growing by 11.22% compared to the previous year[40]. - The company reported a net cash inflow from operating activities of ¥146,512,500, an increase of ¥333,111,900 compared to the previous year[60]. Assets and Liabilities - The total assets of the company at the end of 2018 were CNY 31,867,582,579.22, representing a 14.37% increase from CNY 27,863,471,414.04 in 2017[20]. - The net assets attributable to shareholders increased to CNY 2,563,225,128.12, a growth of 9.01% from CNY 2,351,382,874.58 in the previous year[20]. - The company's cash and cash equivalents increased by 186.56% to CNY 3,108,038,425.60, representing 9.75% of total assets compared to 3.89% in the previous period[62]. - Accounts receivable rose significantly by 442.51% to CNY 379,830,496.33, accounting for 1.19% of total assets, due to pending public housing payments[62]. - The company's short-term borrowings decreased by 51.53% to CNY 198,000,000.00, reflecting repayment of loans[62]. - The company's long-term borrowings increased by 114.88% to CNY 15,400,215,322.60, now comprising 48.33% of total liabilities[62]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 148,155,519.40, based on a total share capital of 740,777,597 shares[5]. - The proposed cash dividend for 2018 is CNY 2.00 per 10 shares, totaling CNY 148,155,519.40, which represents 41.40% of the net profit[98]. - The cash dividend distribution plan for 2017 was also CNY 2.00 per 10 shares, totaling CNY 148,155,519.40, which accounted for 46.05% of the net profit[98]. - The cash dividend distribution plan for 2016 was CNY 2.00 per 10 shares, totaling CNY 148,155,519.40, representing 51.01% of the net profit[98]. Real Estate Operations - The company's real estate sales revenue accounted for 97.99% of total operating income in 2018[27]. - The company secured land reserves in Beijing and surrounding areas, including a project in Miyun District, Beijing[29]. - The real estate industry faced increased competition and downward pressure due to ongoing regulatory policies[28]. - The company’s real estate sales revenue reached CNY 78.15 billion, up 28.84% year-on-year, while the cost of sales increased by 35.91%[52]. Financing and Investment - The company successfully issued CNY 2 billion in corporate bonds with a coupon rate of 5.50% to optimize its financing structure[46]. - The company raised CNY 6,350.00 million in investments during the reporting period, a decrease of 45.38% compared to the previous year[78]. - Significant equity investments include CNY 1,800.00 million in Beijing Jishi Xinan Venture Capital Co., Ltd. and CNY 2,000.00 million in Beijing Jingtou Xingtan Real Estate Co., Ltd.[79]. - The company has a total of CNY 865,210,890.00 in restricted assets, primarily from inventory pledges[66]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and potential risks as outlined in the report[6]. - The company has identified potential risks including policy, financial, and investment risks, and plans to implement strategies to mitigate these risks[92]. - The company has not faced any major litigation or arbitration matters during the reporting period[106]. - The company has not faced any risks of suspension or termination of listing during the reporting period[106]. Corporate Governance - The total remuneration for all directors, supervisors, and senior management in 2018 amounted to CNY 15.5456 million[184]. - The company experienced changes in its board, with several members resigning due to work-related reasons, including the chairman and a director[185]. - The company held its annual shareholders' meeting on April 10, 2018, where key resolutions regarding board elections were approved[186]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, enhancing accountability and motivation[197]. Social Responsibility - The company has committed RMB 30,000 through the Red Cross Society of China for aiding families in need, including students and families facing sudden difficulties[153]. - The company has engaged in charitable donations, including over 40,000 RMB worth of educational equipment to a local school[157]. - The company has a total of RMB 30 million allocated for social poverty alleviation efforts[155].