MTL(SH:600683)2019-04-19 16:00Financial Performance - Net profit attributable to shareholders decreased by 40.14% to CNY 52,677,254.50 year-on-year[6] - Operating revenue declined by 11.87% to CNY 882,392,090.76 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 41.67% to CNY 0.07[6] - The net profit after deducting non-recurring gains and losses increased by 29.46% to CNY 47,415,716.91[6] - The company reported a 40.14% decrease in net profit attributable to shareholders, totaling RMB 52.68 million, impacted by last year's compensation income[13] - Total revenue for Q1 2019 was CNY 882,392,090.76, a decrease of 11.9% compared to CNY 1,001,283,217.09 in Q1 2018[29] - The net profit attributable to the parent company for Q1 2019 was ¥52,677,254.50, a decrease of 40.0% compared to ¥88,001,118.25 in Q1 2018[30] - The total comprehensive income for Q1 2019 was ¥200,925,225.01, up from ¥174,644,049.84 in Q1 2018, representing an increase of 15.0%[30] Assets and Liabilities - Total assets increased by 28.67% to CNY 41,005,229,921.69 compared to the end of the previous year[6] - The company's total liabilities increased to CNY 36,071,934,569.08 from CNY 27,252,204,580.55, reflecting a growth of about 32.4%[24] - Total current liabilities decreased to CNY 7,622,490,448.33 from CNY 9,523,985,301.15, a reduction of about 20%[23] - Long-term borrowings rose significantly to CNY 24,927,404,140.97 from CNY 15,400,215,322.67, marking an increase of approximately 62.5%[24] - The equity attributable to shareholders increased to CNY 2,730,898,140.23 from CNY 2,563,225,128.12, representing a growth of approximately 6.5%[24] - Current liabilities reached ¥9,523,985,301.15, including short-term borrowings of ¥198,000,000.00 and accounts payable of ¥1,898,622,157.83[42] - Non-current liabilities totaled ¥17,728,219,279.40, with long-term borrowings at ¥15,400,215,322.67 and bonds payable at ¥1,991,714,203.81[43] Cash Flow - Net cash flow from operating activities improved to -CNY 472,819,561.24, an improvement from -CNY 1,421,653,272.88 in the previous year[6] - The net cash flow from operating activities for Q1 2019 was a negative ¥472,819,561.24, an improvement from a negative ¥1,421,653,272.88 in Q1 2018[35] - The total cash inflow from operating activities in Q1 2019 was ¥853,822,450.96, down from ¥1,475,566,092.92 in Q1 2018, a decrease of 42.1%[35] - The total cash outflow from operating activities in Q1 2019 was ¥1,326,642,012.20, down from ¥2,897,219,365.80 in Q1 2018, a decrease of 54.2%[35] - Operating cash flow for Q1 2019 was -¥49,498,598.39, an improvement from -¥191,383,171.30 in Q1 2018, showing a reduction in cash outflow by about 74%[38] Shareholder Information - The total number of shareholders reached 24,858 by the end of the reporting period[9] - Beijing Infrastructure Investment Co., Ltd. increased its shareholding to 37.00%, holding 274,087,617 shares after acquiring an additional 7,407,800 shares[10] Investments and Financing - The company issued bonds totaling RMB 10 billion at a coupon rate of 3.99%, with a maturity of 5 years[17] - The company acquired land use rights for RMB 37.20 billion for a residential and commercial project in Beijing[15] - The company made a capital contribution of RMB 3.5 million to an investment fund, with a total commitment of RMB 5 million[16] - The company has recovered a total of CNY 12,351.11 million from its investment in Beijing Jishi Venture Capital Fund[19] Operational Efficiency - Operating costs decreased by 37.98% to RMB 397.65 million, reflecting a reduction in project scale compared to the previous period[12] - Financial expenses increased by 102.62% to RMB 59.54 million due to higher borrowing costs[12] - The company established a project company with a registered capital of RMB 20 million for the development of a new land parcel[14] Inventory and Receivables - Inventory increased by 48.47% to RMB 31.38 billion due to new project acquisitions[11] - Accounts receivable increased to CNY 411,480,657.21 from CNY 379,830,496.33, showing a growth of approximately 8.3%[22] - Inventory surged to CNY 31,380,563,674.63, up from CNY 21,135,965,863.31, indicating an increase of around 48.5%[22]