Financial Performance - The company's operating revenue for Q1 2023 reached CNY 3,862,713,824, representing a year-on-year increase of 63.65%[3] - The net profit attributable to shareholders was CNY 355,571,559, with a basic and diluted earnings per share of CNY 0.36[3] - Operating profit for Q1 2023 was ¥478,478,695, a turnaround from a loss of ¥587,767,642 in Q1 2022[15] - Net profit for Q1 2023 amounted to ¥355,571,559, compared to a net loss of ¥437,033,401 in the same period last year[15] - The company reported a total comprehensive income of ¥384,029,200 for Q1 2023, compared to a loss of ¥502,380,577 in Q1 2022[16] Cash Flow - The net cash flow from operating activities was CNY 1,392,192,149, indicating a significant increase due to higher business volume[3] - Cash flow from operating activities generated ¥1,392,192,149 in Q1 2023, a recovery from a negative cash flow of ¥383,005,519 in Q1 2022[17] - The company’s cash inflow from operating activities totaled ¥4,824,129,161 in Q1 2023, compared to ¥2,822,332,709 in Q1 2022[17] - The net cash flow from investing activities was -$100.45 million, a significant improvement from -$1.38 billion in Q1 2022[18] - The net cash flow from financing activities was -$1.36 billion in Q1 2023, compared to a positive $1.95 billion in Q1 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 42,783,980,273, a decrease of 1.46% compared to the end of the previous year[3] - The total current liabilities decreased to RMB 5,126,318,198 from RMB 5,904,663,413, indicating a reduction of about 13.14%[11] - Total liabilities as of March 31, 2023, were ¥28,707,060,364, down from ¥29,726,790,820 at the end of 2022[12] - The total liabilities to equity ratio improved, with total equity reported at ¥14,076,919,909 as of March 31, 2023, compared to ¥13,692,890,709 at the end of 2022[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,624[7] - The largest shareholder, Shanghai Spring International Travel Agency Group Co., Ltd., holds 50.61% of the shares[8] - The company has a total of 504,000,000 shares held by its actual controller, representing a 51.50% ownership stake[9] Investments and R&D - Research and development expenses increased to ¥37,533,686 in Q1 2023, up from ¥30,987,864 in Q1 2022, reflecting a focus on innovation[15] - Spring Airlines' long-term equity investments increased to RMB 4,773,880 from RMB 4,643,342, marking a growth of about 2.81%[11] Market Strategy - The company plans to continue expanding its market presence and developing new products and technologies to enhance operational efficiency[3]

Financial Performance - The net profit of the parent company for 2021 was -282.87 million CNY, with accumulated undistributed profits amounting to 600.99 million CNY as of December 31, 2021[4]. - The company plans not to distribute cash dividends or increase capital reserves due to the significant adverse impact of the COVID-19 pandemic on its operations[4]. - The company's operating revenue for 2021 was CNY 10,858,107,439, representing a 15.85% increase compared to CNY 9,372,918,140 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 39,111,907, a significant recovery from a loss of CNY 588,413,004 in 2020[17]. - The net cash flow from operating activities increased by 103.88% to CNY 1,683,550,095 in 2021, up from CNY 825,762,360 in 2020[17]. - Total assets at the end of 2021 reached CNY 38,320,295,713, an 18.16% increase from CNY 32,430,080,969 at the end of 2020[17]. - The company's net asset attributable to shareholders decreased by 3.06% to CNY 13,747,091,930 at the end of 2021, down from CNY 14,180,855,764 at the end of 2020[17]. - Basic earnings per share for 2021 were CNY 0.04, recovering from a loss of CNY 0.64 per share in 2020[18]. - The weighted average return on equity for 2021 was 0.29%, an increase of 4.31 percentage points from -4.02% in 2020[18]. - The company reported a total of 916,727,713 shares outstanding as of the end of 2020 after several stock repurchase actions[19]. Operational Highlights - The company is in a capital-intensive industry, requiring substantial capital expenditures for aircraft and related equipment, while maintaining a prudent financial strategy to ensure liquidity[4]. - The ongoing COVID-19 pandemic continues to pose risks to the company's future production and operations[4]. - The company continues to focus on expanding its market presence and enhancing operational efficiency through strategic initiatives[17]. - The company is focused on balancing current funding needs with future development investments, considering both short-term and long-term shareholder returns[4]. - The company has implemented new leasing standards as per the Ministry of Finance's guidelines[16]. - The company has outlined potential risks in its management discussion and analysis section, highlighting challenges it may face in the future[7]. Market and Capacity - The available ton-kilometers (ATK) increased by 10.52% year-on-year to 398,196.23 million ton-kilometers in 2021, driven by a significant increase in domestic routes[26]. - The passenger turnover (RPK) rose by 14.02% year-on-year to 3,437,563.74 million passenger-kilometers, with domestic routes contributing to a 21.25% increase[26]. - The average passenger load factor improved by 3.20 percentage points to 82.87% in 2021, with domestic routes showing a 2.65 percentage point increase[26]. - The total number of operating routes increased by 2.28% year-on-year, reaching 224 by the end of 2021[27]. - Domestic capacity increased by 17.4% year-on-year in 2021, and by 47.0% compared to pre-pandemic levels in 2019[33]. - The company expanded its route network to a total of 224 routes by the end of 2021, with 218 domestic routes and 5 international routes, reflecting a strong focus on domestic operations[32]. Safety and Compliance - The company invested 272,744 million yuan in safety-related expenditures, achieving a major accident rate of 0 over 1 million flight hours[30]. - The company has a clear safety responsibility framework with 7,389 safety responsibilities defined across various levels and key positions[184]. - The company has implemented measures to ensure safety hazard elimination, including regular inspections and accountability for safety management[184]. - The company has been recognized with multiple awards for its contributions to poverty alleviation and social responsibility initiatives[184]. - The company achieved a 95.5% vaccination rate among frontline employees, ensuring no COVID-19 infections occurred at work[185]. Corporate Governance - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[125]. - The company has established a reasonable performance evaluation system with clear performance assessment indicators for all positions, enhancing scientific and motivational aspects[127]. - The company actively engages with investors through various channels, including performance briefings and online communication, to ensure transparency and equal access to information[126]. - The company has implemented internal control systems that cover all aspects of operations, effectively preventing and controlling various risks[126]. - The company emphasizes the importance of corporate governance, adhering to laws and regulations to protect the rights of shareholders, especially minority shareholders[124]. Social Responsibility - The company has been involved in various public welfare activities, including educational support and community assistance[189]. - The company continues to strengthen cooperation with targeted poverty alleviation areas as part of its rural revitalization strategy[189]. - The company has maintained a long-term commitment to fulfilling its social responsibilities and enhancing community engagement[189]. - The company has successfully transported tourists to Xinjiang, aiding in the region's industrial development since 2020[189]. - The company donated 1.5 million yuan to participate in the "Ecological Poverty Alleviation Special Fund" and supported multiple ecological restoration projects[182]. Future Outlook - The company aims to increase its passenger transport volume to 930 million by 2025, as part of its strategic growth plan[100]. - The company anticipates that the civil aviation market penetration rate will improve, with a target of achieving a total turnover of 1,750 billion ton-kilometers by 2025[100]. - The company plans to enhance auxiliary business revenue, focusing on travel-related products and services to improve customer experience[59]. - The company is investing heavily in R&D, with a budget allocation of 500 million CNY for new technologies and product development in the upcoming year[135]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million[143].

2021 年半年度报告 公司代码：601021 公司简称：春秋航空 春秋航空股份有限公司 2021 年半年度报告 1 / 166 2021 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人王煜、主管会计工作负责人王志杰及会计机构负责人（会计主管人员）陈可声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅本报告" ...

2020 年年度报告 公司代码：601021 公司简称：春秋航空 春秋航空股份有限公司 2020 年年度报告 1 / 218 2020 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 普华永道中天会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报 告。 四、 公司负责人王煜、主管会计工作负责人王志杰及会计机构负责人（会计主管人员）陈可声明： 保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经普华永道中天会计师事务所（特殊普通合伙）审计，公司2020年度母公司净利润为- 95,559.49万元，截至2020年12月31日，母公司累计未分配利润为686,935.44万元。综合考虑公 司当前经营情况、长远发展和全体股东利益，本年度拟不进行现金分红，也不进行资本公积金转 增股本。 2020年以来的新冠疫情对公司经营业绩造成重大不利影响，当前国内、国际疫情发展状况可 能仍会对公司 ...

Financial Performance - Net profit attributable to shareholders was CNY -149.26 million, a decrease of 108.68% year-on-year[5] - Operating revenue decreased by 40.96% to CNY 6.83 billion for the period from January to September[5] - Basic earnings per share were CNY -0.16, a decline of 108.56% year-on-year[6] - The weighted average return on net assets was -1.00%, down 13.19 percentage points from the previous year[6] - The company reported a significant decline in net profit due to the impact of external factors, indicating a need for strategic adjustments moving forward[5] - The company experienced a net loss attributable to shareholders due to the impact of COVID-19, with significant declines in various revenue streams[15] - The company reported a net loss of CNY 308,754,825 after excluding non-recurring gains and losses, a decline of 119.46% year-on-year[42] - The company reported a total comprehensive loss of CNY 527,703,948 for the first three quarters of 2020, compared to a profit of CNY 1,607,437,498 in the same period of 2019[64] Assets and Liabilities - Total assets increased by 10.96% to CNY 32.59 billion compared to the end of the previous year[5] - The company's short-term borrowings increased by 51.08% to CNY 5.22 billion compared to CNY 3.46 billion at the end of 2019, driven by increased funding needs due to the COVID-19 pandemic[14][15] - Total liabilities increased to RMB 17.98 billion from RMB 14.33 billion, which is an increase of approximately 25.5%[20] - The company's equity attributable to shareholders decreased to RMB 14.60 billion from RMB 15.04 billion, a decline of about 2.9%[20] - The total liabilities increased to ¥18,676,246,737 as of September 30, 2020, compared to ¥15,224,562,510 at the end of 2019, representing a growth of 16.1%[22] - The total liabilities rose to CNY 18.68 billion, up from CNY 15.22 billion, indicating a growth of about 22.4%[59] Cash Flow - Net cash flow from operating activities dropped by 93.51% to CNY 207.56 million compared to the same period last year[5] - The company's cash flow from operating activities decreased by 93.51% to CNY 207.56 million from CNY 3.20 billion in the same period of 2019[14][15] - Cash flow from operating activities for the first three quarters of 2020 was 207,563,664 RMB, a sharp decline from 3,199,218,415 RMB in the same period of 2019[29] - The net cash flow from operating activities for the first three quarters of 2020 was -277,641,218 RMB, a significant decrease compared to 1,809,302,258 RMB in the same period of 2019[30] - The company reported a total cash inflow from financing activities of 11,071,662,266 RMB in the first three quarters of 2020, compared to 6,843,378,558 RMB in 2019, showing an increase of 61.5%[29] - The net cash flow from financing activities was 3,440,886,464 RMB, a turnaround from -712,115,604 RMB in the same period last year[67] Shareholder Information - The total number of shareholders reached 27,525 by the end of the reporting period[8] - The largest shareholder, Shanghai Spring International Travel Service, holds 54.99% of the shares[11] - The number of shareholders reached 27,525, with the largest shareholder holding 54.99% of the shares[45] Government Support - The company received government subsidies totaling CNY 211.73 million for the year-to-date, which are closely related to normal business operations[7] - The company received government subsidies totaling CNY 211,729,056 year-to-date, primarily for special support funds and tax refunds[44] Operational Challenges - The company's operating revenue decreased significantly due to the impact of COVID-19, resulting in a net loss attributable to shareholders[52] - The company reported a significant reduction in accounts receivable by 44.68%, down to CNY 66.86 million from CNY 120.85 million, attributed to decreased ticket receivables due to the pandemic[13][14] - The company reported a decrease in investment income, primarily due to reduced dividend income from other equity investments[52] Investment and Development - The company completed a capital increase of up to CNY 750 million (approximately JPY 11 billion) to Spring Airlines Japan, with CNY 731 million already paid[16] - Research and development expenses for Q3 2020 were ¥28,595,880, a decrease of 50.9% from ¥58,186,161 in Q3 2019[24] - The company plans to focus on market expansion and new product development to recover from the current financial downturn[65]