MTL(SH:600683) Cai Jing Wang·2025-08-25 12:22Core Insights - The company reported a significant decline in revenue for the first half of 2025, with total revenue of 413.41 million yuan, a decrease of 152.29 million yuan or 26.92% compared to the same period last year [1] - The net profit attributable to shareholders was -263.81 million yuan, with a net profit of -379.54 million yuan after deducting interest from perpetual financing products [1] - The total assets of the company were 5,983.40 million yuan, with inventory accounting for 72.69% of total assets, indicating a strong asset quality [2] Financial Performance - Revenue from real estate sales was 371.28 million yuan, primarily affected by the development cycle and project scheduling [1] - Total expenses increased to 306.52 million yuan from 252.94 million yuan, with financial expenses rising significantly by 75.88 million yuan due to increased borrowing costs [1] - The company reported a net cash inflow from operating activities of 353.44 million yuan, an increase attributed to lower land payment in the previous year [2] Asset and Liability Overview - Total liabilities increased to 5,417.57 million yuan, with contract liabilities accounting for 14.67% of total liabilities [2] - The asset-liability ratio rose to 90.54%, an increase of 2.74 percentage points from the beginning of the period [2] - The company’s inventory balance at the end of the period was 4,349.08 million yuan, indicating a focus on real estate projects in the Beijing area [2]