MTL(SH:600683)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 3,089,175,286.82, a 137.39% increase year-on-year[6] - Net profit attributable to shareholders was CNY 96,488,450.38, a significant recovery from a loss of CNY 24,717,799.26 in the same period last year[6] - Basic and diluted earnings per share were both CNY 0.080, recovering from a loss of CNY 0.033 in the same period last year[6] - The net profit for the first nine months of 2020 was RMB 257,018,392.09, reflecting a growth of 58.13% from RMB 162,538,143.88 in the previous year[14] - The company reported a net profit of ¥866.63 million for the period, compared to ¥692.34 million in the same period last year, an increase of 25.12%[29] - The company reported a total operating profit of ¥31,041,613.48 in Q3 2020, compared to a loss of ¥47,778,122.76 in Q3 2019, marking a significant recovery[38] - The company’s total operating revenue for the first three quarters of 2020 was ¥3,089,175,286.82, compared to ¥1,301,306,024.66 in the same period of 2019, reflecting a growth of 137.5%[32] Cash Flow - Cash flow from operating activities for the first nine months was CNY 5,825,416,276.74, a turnaround from a negative cash flow of CNY 8,412,588,275.48 in the previous year[6] - The net cash flow from financing activities was negative at CNY -5,502,998,537.35, contrasting with a positive flow of CNY 7,295,964,829.21 in the previous year[42] - Cash flow from operating activities showed a total inflow of CNY 411,291,659.88, significantly higher than CNY 214,168,104.70 in the previous year[44] - The company experienced a net cash outflow from investing activities of CNY 99,679,482.79, a significant decrease from CNY 641,474,292.54 in the previous year[42] Assets and Liabilities - Total assets increased by 4.07% to CNY 48,071,780,518.90 compared to the end of the previous year[6] - The total number of shareholders reached 23,254, indicating a broadening of the shareholder base[9] - The company's long-term borrowings increased by 32.68%, reaching RMB 22,239,017,595.72 compared to RMB 16,761,276,502.35 at the end of 2019[16] - Total liabilities amounted to CNY 42.06 billion, with current liabilities at CNY 20.59 billion[49] - The company’s total non-current liabilities were CNY 21.47 billion, including CNY 3.99 billion in bonds payable[49] Shareholder Equity - Net assets attributable to shareholders increased by 93.90% to CNY 5,210,111,714.00 compared to the end of the previous year[6] - Owner's equity increased significantly to ¥6.82 billion, up from ¥4.14 billion, reflecting a growth of 64.67%[25] - Shareholders' equity totaled approximately $2.2 billion, with paid-in capital at $740.8 million and retained earnings at $692.3 million[53] Comprehensive Income - The company reported a significant increase in other comprehensive income, which rose by 181.16% to RMB 564,070,447.79 from RMB 200,623,144.31 in the previous year[16] - The company’s other comprehensive income rose to ¥564.07 million, compared to ¥200.62 million, an increase of 181.36%[25] - Total comprehensive income for Q3 2020 was ¥192,150,765.80, up from ¥82,049,236.85 in Q3 2019, reflecting an increase of approximately 134%[39] Accounting Changes - The company adopted new revenue accounting standards effective January 1, 2020, impacting financial reporting[54] - The company reported a significant decrease in accounts receivable by 98.21%, reflecting a change in accounting policy[11] - The company’s contract liabilities stood at RMB 7,708,508,535.30, reflecting a change due to accounting policy adjustments[16]