MTL(SH:600683)2023-03-27 16:00Financial Performance - In 2022, the company's operating revenue was CNY 5,552,378,113.60, a decrease of 17.94% compared to CNY 6,765,910,302.79 in 2021[20] - The net profit attributable to shareholders of the listed company was CNY 202,194,286.90, down 38.47% from CNY 328,623,564.48 in the previous year[20] - The net profit attributable to ordinary shareholders, after deducting perpetual bond interest of CNY 324,849,999.97, was CNY -122,655,713.07[6] - The company's basic earnings per share (EPS) decreased to -0.17 yuan, a decline of 200% compared to the previous year[21] - Net profit attributable to shareholders decreased by 38.47% year-on-year, primarily due to a reduction in main business income and investment income[22] - Operating cash flow decreased significantly by 210.81%, with a net cash outflow of 1,589,247.34 thousand yuan, largely due to a 62.65% decrease in cash received from sales[22] - The company's total operating revenue for the reporting period was CNY 5.552 billion, a decrease of 17.94% year-on-year[38] - The net profit attributable to shareholders was CNY 202.19 million, a decrease of 38.47% year-on-year[38] Assets and Liabilities - The total assets of the company increased by 17.11% to CNY 54,813,074,893.05 at the end of 2022, compared to CNY 46,803,933,077.60 at the end of 2021[20] - The net assets attributable to shareholders of the listed company decreased by 2.93% to CNY 8,875,787,148.88 at the end of 2022[20] - The company's inventory at the end of the period was CNY 37.461 billion, accounting for 68.34% of total assets, with an increase of 28.12% year-on-year[40] - The total liabilities increased by 23.27% year-on-year, reaching CNY 43.938 billion[40] - The company's debt-to-asset ratio as of December 31, 2022, was 80.16%, an increase of 4 percentage points compared to the beginning of the year[41] Cash Flow - The net cash flow from operating activities was CNY -8,353,843,414.61, a significant decline of 210.81% from CNY 7,538,629,978.76 in 2021[20] - The cash flow from operating activities was negative across all four quarters, with the highest outflow recorded in Q1 at -3,868,190,535.82 yuan[24] - Cash received from sales of goods and services was 449,844.80 million yuan, down 754,700.48 million yuan year-on-year, a decrease of 62.65%[60] - The net cash inflow from financing activities was 674,199.14 million yuan, an increase of 1,572,833.35 million yuan year-on-year, attributed to the company's expansion and increased financing[60] Investment and Financing - The company issued corporate bonds totaling 8.84 billion yuan in March 2022 with a coupon rate of 3.27% and 4.41 billion yuan in July 2022 with a coupon rate of 3.10%[49] - The company reported a significant increase in investment, with a total investment amount of 14,500 million RMB, representing a 262.50% increase compared to the previous year's investment of 4,000 million RMB[80] - The company has committed to provide a total of CNY 95,200.00 million in loans to related parties, with CNY 80,932.83 million disbursed in 2022[171] - The company provided guarantees totaling CNY 155,000.00 million to Shanghai Lishi Hotel Co., Ltd., with CNY 10,000.00 million utilized during the reporting period[171] Market and Sales - The company faced significant challenges in project delivery, contributing to a 17.94% decrease in operating revenue compared to the previous year[22] - In 2022, the company achieved a signed sales amount of CNY 4.483 billion and a cash collection of CNY 6.422 billion[36] - Real estate sales revenue accounted for 99.18% of the total operating income during the reporting period[45] - The company plans to enhance market competitiveness through various measures, including optimizing products and exploring value[36] Corporate Governance - The company's financial report has been audited by Tianzhi International Accounting Firm, which issued a standard unqualified opinion[5] - The company strictly adhered to the insider information registration system, with no incidents of insider information leakage or illegal trading of company stocks reported[102] - The company has not reported any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[102] - Total pre-tax compensation for key executives amounted to 1,239.16 million CNY, with individual compensations ranging from 10.00 million CNY to 406.91 million CNY[107] Future Outlook - The company expects sales to improve in 2023 as the market gradually recovers[38] - The company anticipates a more concentrated real estate market in 2023, with stronger players continuing to dominate[92] - The company plans to apply for a comprehensive credit limit from financial institutions for the year 2022[102] - The company plans to continue expanding its market presence, particularly in the TOD property development sector, while maintaining a strong foothold in Beijing[46] Social Responsibility - The company made a total contribution of 131,600 yuan to public welfare projects, benefiting 351 individuals through donations of essential supplies[150] - In 2022, the company provided various materials such as masks and disinfectants to the government of Tanxisi Town, totaling CNY 17,000[151] - The total investment in poverty alleviation and rural revitalization projects in 2022 amounted to CNY 237,000, with CNY 200,000 in funds and CNY 37,000 in material discounts[152]