MTL(SH:600683)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 130.60% to a loss of CNY 24.72 million for the year-to-date period[6] - Operating revenue for the year-to-date period fell by 40.72% to CNY 1.30 billion compared to the same period last year[6] - Basic earnings per share dropped by 130.28% to -CNY 0.033[6] - The company reported a net profit of CNY 801 million for the first nine months of 2019, compared to CNY 232 million in the same period last year, representing a growth of 244%[26] - Net profit for Q3 2019 was a loss of ¥118,676,803.44, compared to a loss of ¥49,848,106.94 in Q3 2018, reflecting a deterioration in performance[29] - The total profit for Q3 2019 was a loss of ¥129,656,718.07, compared to a loss of ¥48,025,964.47 in Q3 2018, showing a significant increase in losses[29] - Basic and diluted earnings per share for Q3 2019 were both -¥0.154, compared to -¥0.063 in Q3 2018, indicating a worsening financial position[30] - The company reported a tax expense of -¥10,979,914.63 for Q3 2019, contrasting with a tax expense of ¥1,822,142.47 in Q3 2018, indicating a shift in tax liabilities[29] - The company recorded investment losses of ¥344,127.24 in Q3 2019, down from a gain of ¥9,073,031.20 in Q3 2018, indicating a decline in investment performance[29] Cash Flow - Net cash flow from operating activities for the year-to-date period was -CNY 8.41 billion, not applicable for comparison[6] - Cash flow from operating activities showed a net outflow of ¥8.41 billion, a decline of ¥7.69 billion year-on-year[15] - Cash inflow from operating activities totaled CNY 4,400,565,457.83 for the first three quarters of 2019, up from CNY 3,817,164,997.76 in 2018[35] - The company recorded a significant increase in cash outflow for purchasing goods and services, amounting to CNY 11,537,575,483.59 in the first three quarters of 2019, compared to CNY 3,430,000,339.42 in 2018[35] - In Q3 2019, the company reported a net cash flow from operating activities of ¥87,526,435.73, a significant improvement compared to a net loss of ¥197,849,427.31 in the same period of 2018[38] - The net cash flow from financing activities was ¥7,295,964,829.21, up from ¥2,522,568,347.22 in Q3 2018, reflecting a growth of 189.5%[36] - The cash flow from financing activities for the first three quarters of 2019 was -¥286,062,531.66, compared to a positive cash flow of ¥338,035,604.27 in the same period of 2018[38] Assets and Liabilities - Total assets increased by 39.13% to CNY 44.34 billion compared to the end of the previous year[6] - Total liabilities reached CNY 40.45 billion, up from CNY 27.25 billion, marking a 48.5% increase year-over-year[21] - Current liabilities rose to CNY 12.22 billion, compared to CNY 9.52 billion, reflecting a 28.3% increase[21] - Long-term borrowings increased to CNY 23.67 billion from CNY 15.40 billion, a rise of 53.5%[21] - The total number of shareholders reached 23,181 by the end of the reporting period[9] - The largest shareholder, Beijing Infrastructure Investment Co., Ltd., holds 37.00% of the shares[9] - Total assets decreased from $6,078,337,795.61 to $5,964,906,363.47, a decline of approximately 1.87%[47] - Total liabilities amounted to $4,521,649,864.83, with current liabilities at $2,381,169,598.11[47] - Owner's equity decreased from $1,556,687,930.78 to $1,443,256,498.64, a reduction of approximately 7.26%[48] Operational Metrics - Operating costs decreased by 56.38% to ¥686.10 million, reflecting reduced project sales recognition[12] - Financial expenses rose by 116.80% to ¥164.80 million, primarily due to increased interest expenses[13] - The company reported a significant increase in non-operating income from entrusted loans, totaling CNY 22.08 million for the year-to-date period[7] - Inventory increased by 60.58% to ¥33.94 billion due to acquisition of new project land[11] - The company issued a medium-term note of ¥500 million with a 4.70% interest rate, enhancing liquidity[16] - The company’s sales expenses were not detailed, but management expenses decreased to CNY 81,123,391.98 in the first three quarters of 2019 from CNY 88,294,604.89 in 2018[32] Comprehensive Income - The total comprehensive income for Q3 2019 was ¥18,450,657.30, compared to a loss of ¥49,848,106.94 in Q3 2018, showing a recovery in comprehensive income despite net losses[30] - Total comprehensive income for Q3 2019 was CNY 82,049,236.85, compared to a loss of CNY 49,472,654.87 in Q3 2018[33] - The company reported a significant change in other comprehensive income, moving from $116,130,128.93 to $2,138,000.00, a decrease of approximately 98.17%[48]