MTL(SH:600683)2021-04-29 16:00Financial Performance - Operating revenue increased by 69.88% to CNY 1,684,677,226.60 year-on-year[5] - Net profit attributable to shareholders increased by 36.69% to CNY 105,363,334.60 compared to the same period last year[5] - Net cash flow from operating activities surged by 151.92% to CNY 1,031,335,731.35 compared to the previous year[5] - Basic earnings per share decreased by 20.00% to CNY 0.08 compared to the same period last year[5] - The company reported a net profit of ¥799,836,148.37 for Q1 2021, compared to ¥792,183,958.18 in Q1 2020[26] - The net profit for Q1 2021 was CNY 129,034,944.42, compared to CNY 113,828,146.51 in Q1 2020, indicating an increase of about 13.3%[29] - The operating profit for Q1 2021 was CNY 37,488,753.49, down from CNY 211,198,547.67 in Q1 2020, reflecting a decrease of approximately 82.2%[32] - The total comprehensive income for Q1 2021 was CNY 111,702,742.47, down from CNY 198,290,730.80 in Q1 2020, a decrease of approximately 43.5%[29] Assets and Liabilities - Total assets decreased by 5.62% to CNY 47,008,913,194.44 compared to the end of the previous year[5] - The company's total assets as of March 31, 2021, were ¥47,008,913,194.44, down from ¥49,809,537,392.20 at the end of 2020[19] - The total liabilities decreased slightly to ¥39,394,226,053.01 as of March 31, 2021, from ¥40,412,484,222.41 at the end of 2020[19] - Total liabilities were approximately ¥41.40 billion, with non-current liabilities accounting for about ¥25.98 billion[44] - The company has a long-term loan of approximately ¥20.99 billion and bonds payable of about ¥3.99 billion[44] - Total current liabilities reached approximately ¥15.42 billion, including accounts payable of ¥3.78 billion and contract liabilities of ¥6.95 billion[43] Shareholder Information - The number of shareholders reached 22,724 at the end of the reporting period[9] - The largest shareholder, Beijing Infrastructure Investment Co., Ltd., holds 38.00% of the shares[9] - Shareholders' equity stood at approximately ¥8.41 billion, with retained earnings of ¥1.62 billion[44] Cash Flow - Significant decrease in cash and cash equivalents by 44.85% to CNY 2,697,543,405.65 due to large debt repayments[11] - The cash inflow from operating activities in Q1 2021 was CNY 2,884,538,889.18, significantly higher than CNY 1,230,538,874.36 in Q1 2020, an increase of approximately 134%[36] - The company reported a total cash outflow from operating activities of ¥20,358,872.35, significantly lower than the previous year's outflow of ¥221,736,622.33[39] - The company experienced a net cash flow from financing activities of -¥68,023,577.91, slightly worse than the previous year's outflow of -¥64,601,929.65[40] Investment Activities - The company has fully recovered its investment of ¥120 million in the Beijing Jishi Venture Capital Fund, receiving ¥61.28 million back during the reporting period[14] - The cash flow from investment activities increased by 28.37% to ¥117,446,200.07, compared to ¥91,488,343.11 in Q1 2020[13] - The total cash inflow from investment activities was ¥1,455,886,049.09, while cash outflow was ¥1,936,125,921.96, resulting in a net cash flow from investment activities of -¥480,239,872.87[39] Financial Expenses and Tax - The company reported a significant increase in tax and additional fees, which rose by 555.05% to ¥139,894,658.05 due to lower VAT in the previous year[13] - The financial expenses decreased by 63.00% to ¥25,525,171.12, reflecting a reduction in interest expenses compared to the previous year[13] - The company incurred a financial expense of CNY -17,574,390.65 in Q1 2021, compared to CNY 18,031,341.79 in Q1 2020, indicating a significant improvement in financial costs[32] Other Comprehensive Income - The company reported a decrease in other comprehensive income after tax of CNY -17,332,201.95 in Q1 2021, compared to an increase of CNY 84,462,584.29 in Q1 2020[29] - The company recognized a lease liability of approximately 23.29 million as of January 1, 2021, following the new leasing standards[49] - The adjustment for the new financial instruments standard resulted in an increase of approximately 72.11 million in retained earnings and a decrease of the same amount in other comprehensive income[50]