Financial Performance - Revenue for the first nine months rose by 23.98% to CNY 7.76 billion year-on-year[6] - Net profit attributable to shareholders increased by 30.07% to CNY 1.26 billion for the first nine months[6] - The company reported a net profit of CNY 999.21 million for the third quarter, an increase of 17.20% year-on-year[6] - Net profit increased by 32.40% attributed to expanded operational scale and stable market conditions[19] - The company reported a total profit for the first nine months of ¥1,687,626,122.37, up from ¥1,305,266,526.33, indicating a growth of approximately 29.3%[49] - Net profit for the first nine months was CNY 1,182,402,962.64, up from CNY 1,010,347,156.72, representing a year-over-year increase of about 17%[55] - The company has shown a consistent increase in net profit attributable to shareholders, with ¥554,335,476.06 for the third quarter compared to ¥454,518,644.67 in the same period last year, indicating a growth of approximately 21.9%[49] Assets and Liabilities - Total assets increased by 30.53% to CNY 17.50 billion compared to the end of the previous year[6] - The total current liabilities decreased to CNY 4.83 billion from CNY 5.93 billion, reflecting a reduction of about 18.6%[34] - The total non-current assets increased to CNY 13.18 billion from CNY 10.62 billion, reflecting a growth of approximately 24.5%[34] - Total liabilities decreased to ¥6,704,584,162.98 from ¥8,380,996,181.11, indicating a reduction of approximately 20%[42] Cash Flow - Operating cash flow for the first nine months was CNY 1.55 billion, up 3.16% from the previous year[6] - Cash flow from operating activities for the first nine months amounted to CNY 1,553,751,698.12, slightly higher than CNY 1,506,109,345.01 in the same period last year[60] - The net cash flow from operating activities was CNY 2,622,276,487.75, slightly down from CNY 2,638,842,823.50 in the previous year, indicating a decrease of approximately 0.8%[65] - Cash inflow from financing activities amounted to CNY 4,221,373,203.99, a significant increase of 49.2% from CNY 2,829,813,668.72 in the previous year[65] Shareholder Information - The total number of shareholders reached 41,439 by the end of the reporting period[14] - The largest shareholder, Shanghai Junyao Group, holds 63.12% of the shares[14] - The company distributed a cash dividend of RMB 2.5 per 10 shares, approved at the shareholder meeting[21] Earnings Per Share - Basic and diluted earnings per share decreased by 42.62% to CNY 1.05[8] - Basic earnings per share for the first nine months were CNY 0.98, down from CNY 1.91 in the same period last year, reflecting a decrease of approximately 49%[57] - Basic earnings per share for the third quarter were ¥0.44, while diluted earnings per share were also ¥0.44, compared to ¥1.325 in the same quarter last year[53] Operational Costs - Operating costs grew by 30.65% due to increased operational scale and engine overhauls[19] - Total operating expenses for the third quarter were ¥2,420,947,329.88, up 26.4% from ¥1,914,012,928.69 year-over-year[45] Investment and Financing Activities - Cash flow from investing activities showed a net outflow of CNY 2,668,016,315.38, an improvement from a net outflow of CNY 3,041,137,019.10 in the previous year[62] - The company paid CNY 2,509,840,811.41 for the acquisition of fixed assets, intangible assets, and other long-term assets, which is consistent with the previous year's expenditure of CNY 2,515,285,518.12[65] Commitments and Legal Obligations - The company commits to not transferring or entrusting its shares for 36 months following the stock's listing on the Shanghai Stock Exchange[24] - If there are false statements or omissions in the prospectus, the company will initiate a buyback of all newly issued shares within 30 days of regulatory recognition[26] - The company has committed to not engaging in any competitive activities with its subsidiaries, both currently and in the future[27]

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares, totaling 320,895,263.75 RMB based on a total share capital of 1,283,581,055 shares as of June 30, 2016[3]. - The company has not implemented or adjusted any profit distribution plans during the reporting period[85]. - The company commits to distributing at least 30% of the average annual distributable profits over the next three years in cash, provided there are no significant investment plans or cash expenditures[110]. - The company will distribute no less than 10% of the annual distributable profits in cash each year[111]. - The company will initiate a share buyback plan if the stock price falls below the audited net asset value per share for 20 consecutive trading days within three years of listing[104]. - The total amount for the share buyback will not exceed the net profit attributable to the parent company from the previous year[104]. - If the repurchase measures are not implemented, major shareholders will not receive dividends for the current year[105]. Financial Performance - The company's operating revenue for the first half of 2016 was approximately RMB 4.75 billion, representing a year-on-year increase of 23.66% compared to RMB 3.84 billion in the same period last year[23]. - The net profit attributable to shareholders for the same period was approximately RMB 710.21 million, a 37.18% increase from RMB 517.71 million year-on-year[23]. - The basic earnings per share for the first half of 2016 was RMB 0.61, up 20.79% from RMB 0.505 in the previous year[24]. - The total assets at the end of the reporting period reached approximately RMB 18.79 billion, a 40.20% increase from RMB 13.40 billion at the end of the previous year[23]. - The company achieved a comprehensive load factor of 70.05%, which is an increase of 1.17 percentage points compared to the previous year[32]. - The company reported a total passenger turnover of 10.58 billion passenger kilometers, which is a 26.82% increase compared to 8.34 billion passenger kilometers in the same period last year[32]. - The total cargo and mail turnover was approximately 5.44 million ton-kilometers, reflecting a year-on-year increase of 26.38% from 4.31 million ton-kilometers[32]. Operational Highlights - The company expanded its fleet to 62 aircraft, with an average age of 3.50 years, making it one of the youngest fleets among major civil aviation companies in China[35]. - The number of operating routes increased by 28.24% to 109 routes as of the end of the reporting period[32]. - The company safely flew for 116,743.04 hours and completed 43,273 takeoffs and landings, marking increases of 24.10% and 16.50% respectively[37]. - The company opened 16 domestic and international routes from its Nanjing auxiliary base, which began operations on March 27, 2016[48]. - The company has established a strong operational base in Shanghai, leveraging the region's economic advantages to enhance market presence[57]. Financial Position and Assets - The total liabilities increased to CNY 11.29 billion from CNY 9.94 billion, an increase of about 13.6%[147]. - Owner's equity surged to CNY 7.51 billion, up from CNY 3.46 billion, indicating a growth of approximately 116%[147]. - Cash and cash equivalents reached CNY 4.02 billion, a significant increase from CNY 1.29 billion, representing a growth of about 212%[145]. - The company reported a significant increase in retained earnings, rising to CNY 2.12 billion from CNY 1.41 billion, an increase of about 50%[147]. Corporate Governance and Compliance - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a substantive commitment to investors, highlighting investment risks[4]. - The company has established and continuously improved its corporate governance structure in compliance with relevant laws and regulations[112]. - The company guarantees to cover any social insurance and housing fund liabilities incurred prior to its IPO, ensuring no losses to the company[110]. - The company will maintain transparency in its operations and adhere to information disclosure requirements[112]. Market Strategy and Future Plans - The company plans to enhance its sales and marketing efforts by optimizing its route network and improving service quality for high-end travelers[39]. - The company aims to establish a hub-and-spoke network centered in Guangzhou to cover major domestic cities and connect to Taiwan and Southeast Asia[43]. - The company plans to expand its fleet by adding 6 aircraft in the second half of 2016, resulting in a total fleet size of 68 by year-end, up from 62 at the beginning of the year[49]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[156]. Shareholder Structure and Changes - The total number of shareholders as of the end of the reporting period is 35,120[123]. - The top ten shareholders hold a total of 1,287,000,000 shares, representing 100% of the total shares[125]. - Major shareholder Wang Junjin holds 36.14% of the equity, controlling a total of 71.77% through arrangements with other shareholders[133]. - The company has a lock-up period of 36 months for certain shareholders, restricting them from transferring or managing their shares during this time[103]. Risk Management - The company has a significant exposure to foreign exchange risk, with long-term and short-term USD borrowings amounting to CNY 32.3 billion and CNY 24.355 billion respectively, which could impact profitability due to currency fluctuations[51]. - The company actively reduces short-distance routes in response to increased competition from high-speed rail, focusing on longer routes over 800 kilometers[64].

Financial Performance - Operating revenue rose by 30.43% to CNY 2.55 billion year-on-year[6] - Net profit attributable to shareholders increased by 70.42% to CNY 454.23 million compared to the same period last year[6] - Basic earnings per share increased by 50.94% to CNY 0.40 per share[6] - The company reported a net profit of CNY 356.91 million, up 40.61% year-on-year[6] - The net profit for Q1 2016 reached CNY 45,202.71 million, a significant increase of 75.64% from CNY 25,735.66 million in Q1 2015[18] - Total operating revenue for the current period reached ¥2,551,998,645.96, a 30.3% increase from ¥1,956,667,353.19 in the previous period[57] - Net profit for the current period was ¥452,027,071.35, a 75.5% increase from ¥257,356,611.57 in the previous period[57] Asset and Liability Changes - Total assets increased by 7.97% to CNY 14.47 billion compared to the end of the previous year[6] - The total assets increased to CNY 186,642.39 million, up from CNY 141,219.51 million, marking a growth of 32.16%[18] - Total liabilities reached CNY 10,555,896,054.50, up from CNY 9,941,362,166.99, representing an increase of about 6.2%[47] - Owner's equity increased to CNY 3,916,870,523.60 from CNY 3,463,209,064.20, indicating a growth of approximately 13.1%[47] Cash Flow and Financing Activities - Cash flow from operating activities surged by 50.00% to CNY 514.77 million year-to-date[6] - Cash received from operating activities increased by 38.30% to CNY 279,996.54 million compared to CNY 202,450.07 million in the previous year[20] - The company’s cash flow from financing activities showed a significant increase, with cash received from borrowings rising to CNY 184,284.45 million from CNY 126,416.31 million[20] - Cash inflow from financing activities amounted to CNY 520,188,343.11, down from CNY 650,549,181.93 in the previous period, a decline of about 20%[72] Shareholder Information and Commitments - The total number of shareholders reached 37,105 by the end of the reporting period[12] - The largest shareholder, Shanghai Junyao Group, holds 71.32% of the shares[13] - The company has committed to a 36-month lock-up period for shares held by major shareholders, during which they will not transfer or entrust management of their shares[22] - Major shareholders are allowed to reduce their holdings by a maximum of 10% in the first year and 20% in the second year, with the sale price not lower than the issue price[24] - The company commits to repurchase shares at the issuance price plus bank interest if there are false records or omissions in the prospectus[30] Investment and Future Plans - The company plans to raise up to CNY 35.65 billion through a non-public offering of shares to purchase aircraft and invest in projects[21] - The company committed to distributing at least 30% of the average annual distributable profits over the next three years in cash dividends, provided there are no significant investment plans or cash expenditures[39] - The company anticipates that its cumulative net profit for the year will not show significant changes compared to the previous year[39] Compliance and Regulatory Matters - The company ensures that any public offering of shares will not lead to significant changes in the ownership structure or control[24] - The company has established a framework to ensure compliance with regulations regarding related party transactions and will disclose such transactions in a timely manner[39] - The company will ensure compliance with relevant laws and regulations regarding share transfers and disclosures[27]

Financial Performance - The company achieved a net profit of CNY 1,099,144,299.05 for the fiscal year 2015, with a statutory surplus reserve of CNY 109,914,429.91 allocated[2]. - Net profit attributable to shareholders for 2015 reached CNY 1,047,287,568.99, a significant increase of 144.87% from CNY 427,685,746.55 in 2014[22]. - The basic earnings per share for 2015 was CNY 0.97, up 125.58% from CNY 0.43 in 2014[24]. - The company's operating revenue for 2015 was CNY 8,158,238,056.26, representing a 22.74% increase compared to CNY 6,646,863,582.97 in 2014[22]. - The cash flow from operating activities for 2015 was CNY 1,975,629,344.94, which is a 127.79% increase compared to CNY 867,288,108.83 in 2014[22]. - The total assets at the end of 2015 amounted to CNY 13,404,571,231.19, reflecting a 68.99% increase from CNY 7,932,222,190.20 at the end of 2014[23]. - The company reported a total equity attributable to shareholders of CNY 3,365,101,312.66 at the end of 2015, a 67.81% increase from CNY 2,005,249,265.32 at the end of 2014[23]. - The weighted average return on equity for 2015 was 36.11%, an increase of 12.40 percentage points from 23.71% in 2014[24]. - The company recorded a net profit of CNY 454,518,644.67 in the third quarter of 2015, which was the highest quarterly profit for the year[26]. - The company’s net profit saw a substantial increase, leading to a rise in the surplus reserve[109]. Dividend and Profit Distribution - A cash dividend of CNY 0.6 per share (including tax) was distributed, amounting to CNY 6 per 10 shares, and a capital reserve conversion of 1 share for every 10 shares was executed[2]. - The company has implemented a profit distribution and capital reserve conversion plan as of December 29, 2015, with no further distributions planned for the year[2]. - The cash dividend for 2015 was set at RMB 0.6 per 10 shares, with a total distribution amounting to RMB 340.8 million[151]. - The company has established a shareholder return plan for 2015-2017, which includes cash dividends and stock bonuses[151]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[152]. Risk Management - The report includes a detailed description of potential risks that the company may face in the future[5]. - The company has a comprehensive risk management strategy in place, as detailed in the management discussion and analysis section of the report[5]. - The company emphasizes the importance of accurate and complete financial reporting, as confirmed by the standard unqualified audit report from Lixin Accounting Firm[4]. - The company’s management has assured the authenticity and completeness of the annual report content, taking legal responsibility for any misrepresentation[4]. - Future macroeconomic fluctuations could adversely affect the financial status and operational performance of the company and the aviation industry as a whole[142]. - The company recognizes the need for a sufficient supply of qualified aviation professionals to match its growing operational capacity, which poses a risk if not adequately addressed[148]. Operational Performance - The company achieved a passenger transportation volume exceeding 10 million in 2015, with a market share of 8.65% in Shanghai[35]. - The company operates over 70 domestic and regional routes from its main base in Shanghai, focusing on direct flights to major cities[35]. - The company’s operational model emphasizes high aircraft utilization and passenger load factors, enhancing cost control and efficiency[33]. - The company’s total fleet consists of 50 A320 series aircraft, positioning it in the medium-scale category[35]. - The average passenger load factor for the entire fleet was 85.17%, up by 1.18 percentage points from 83.99% in the previous year[77]. - The company achieved an average aircraft utilization rate of 11.98 hours per day, slightly down from 12.31 hours in 2014[77]. - The company’s operational efficiency is positioned above industry averages, with a fleet seat utilization rate of 68.59% in 2015, an increase of 1.90 percentage points from 66.69% in 2014[75]. Market Strategy and Expansion - The company aims to enhance its competitive strength by tapping into the low-cost airline market through its subsidiary[35]. - The company’s market expansion strategy includes leveraging its main operational base in Shanghai and developing a new base in Guangzhou[35]. - The company plans to expand its fleet in 2016, with an expected net increase of 15 aircraft, bringing the total to 70[83]. - The company plans to improve service quality by ensuring safety standards, enhancing on-time performance, and providing personalized services[135]. - The company aims to strengthen its information technology capabilities to support business development and improve data security in its booking systems[138]. Shareholder and Corporate Governance - The company has committed to ongoing investments in aviation safety to meet increasing regulatory standards, despite facing potential operational risks[139]. - The company will announce any share reduction three trading days in advance and must comply with information disclosure obligations[155]. - The company has established measures to avoid any direct or indirect competition with its subsidiaries, ensuring compliance with commitments to prevent conflicts of interest[159]. - The company is committed to maintaining a long-term effective relationship with investors and stakeholders, ensuring accountability and compliance with all regulatory obligations[158]. - The company has established a framework to handle any business opportunities that may conflict with its operations, ensuring that such opportunities are reported and managed appropriately[159]. Social Responsibility and Environmental Compliance - In 2015, the company donated 400,000 RMB to the Shanghai Charity Foundation, reflecting its commitment to social responsibility[176]. - The company has not faced any administrative penalties for environmental violations during the reporting period[177]. - The company aims to enhance service quality and operational efficiency while adhering to the principles of innovation, coordination, green development, and sharing during the 13th Five-Year Plan period[176].

Financial Performance - Operating revenue for the first nine months reached CNY 6.26 billion, a 22.98% increase from the same period last year[6]. - Net profit attributable to shareholders was CNY 972.23 million, up 122.51% year-on-year[8]. - Basic and diluted earnings per share increased by 110.34% to CNY 1.83[8]. - The company's net profit increased by 104.18% due to higher profits during the period[19]. - Total revenue for the period reached ¥2,420,655,534.30, an increase of 27.4% compared to ¥1,901,203,048.18 in the same period last year[47]. - Net profit for the first nine months was ¥1,936,098,715.86, compared to ¥985,751,559.14 in the previous year, reflecting a growth of 96.4%[45]. - The total profit for the first nine months of 2015 was ¥1,352,351,858.82, compared to ¥610,391,282.53 in the same period last year, reflecting a growth of 121.1%[54]. Asset and Equity Growth - Total assets increased by 50.37% to CNY 11.93 billion compared to the end of the previous year[6]. - Net assets attributable to shareholders rose by 81.11% to CNY 3.63 billion year-on-year[6]. - The company's cash and cash equivalents increased by 115.27% due to funds raised from the IPO in May[18]. - The total equity attributable to shareholders reached ¥3,631,610,391.98, up from ¥2,005,249,265.32, an increase of 81.2%[40]. - The company's cash and cash equivalents rose to ¥1,455,970,263.31, up from ¥643,153,193.58, indicating a growth of 126.6%[41]. Cash Flow and Financing Activities - Net cash flow from operating activities surged by 116.05% to CNY 1.51 billion for the first nine months[6]. - Operating cash inflow for the first nine months of 2015 was CNY 7,492,844,416.66, an increase of 12.2% compared to CNY 6,677,681,736.98 in the same period last year[60]. - Total cash inflow from financing activities was CNY 4,471,207,087.57, compared to CNY 2,448,533,326.77 in the same period last year, marking an increase of 82.6%[62]. - Net cash flow from financing activities was CNY 2,496,770,151.71, a substantial rise from CNY 412,521,532.88 in the previous year, indicating an increase of 504.5%[62]. Shareholder Information and Commitments - The total number of shareholders reached 25,163 by the end of the reporting period[14]. - The largest shareholder, Shanghai Junyao Group, holds 71.32% of the shares[14]. - The company committed to distributing at least 30% of its average annual distributable profits in cash over the next three years, contingent on the absence of significant investment plans or cash expenditures[32]. - The company plans to reduce its shareholding by no more than 40 million shares if a public offering occurs, ensuring no significant changes in the equity structure[22]. - Major shareholders and executives will collectively increase their holdings if the buyback conditions are met, with the amount not exceeding their total dividends and salaries from the previous year[24]. Regulatory Compliance and Transparency - The company emphasizes its commitment to transparency and accountability in its financial disclosures to protect investor interests[26]. - The company has established a framework for addressing investor claims related to misleading information in its financial disclosures[28]. - The company is focused on maintaining investor trust through proactive measures in response to any discrepancies in its financial reporting[26]. - The company will disclose information accurately and timely according to stock exchange rules during any share reduction process[24]. Operational Capacity and Investments - Prepayments increased by 40.41% due to increased investment in operational capacity[18]. - Construction in progress rose by 190.30% as a result of increased aircraft prepayments[18]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[47].

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 3,842,099,096.43, representing a 20.40% increase compared to CNY 3,191,140,193.12 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2015 was CNY 517,709,789.72, a significant increase of 165.05% from CNY 195,326,154.93 in the previous year[22]. - The net cash flow from operating activities reached CNY 1,053,282,007.75, marking a 211.70% increase from CNY 337,918,843.44 in the same period last year[22]. - The total assets of the company at the end of the reporting period were CNY 11,034,000,942.22, a 39.10% increase from CNY 7,932,222,190.20 at the end of the previous year[22]. - The net assets attributable to shareholders increased to CNY 3,177,092,268.24, reflecting a growth of 58.44% from CNY 2,005,249,265.32 at the end of the previous year[22]. - Basic earnings per share for the first half of 2015 were CNY 1.01, up 158.97% from CNY 0.39 in the same period last year[23]. - The weighted average return on equity increased to 22.00%, up 11.58 percentage points from 10.42% in the previous year[23]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 458,518,253.77, a 290.18% increase from CNY 117,516,011.74 in the previous year[22]. - The diluted earnings per share also stood at CNY 1.01, reflecting the same growth as basic earnings per share[23]. Operational Highlights - Available ton-kilometers increased by 29% to 113,619.33 million, with international routes seeing an 80% increase[32]. - Total passenger turnover increased by 35% to 8,363.12 million passenger-kilometers, with international passenger turnover growing by 103%[32]. - The average fleet age was 3.47 years, making it one of the youngest fleets among major civil aviation companies in China[35]. - The company operated 44 A320 series aircraft and 3 Boeing 737 series aircraft through its subsidiary[34]. - The total number of scheduled flights per week increased by 16.47% to 1,379[33]. - The company maintained a comprehensive safety management system, achieving 94,074.99 flight hours, a 25.66% increase year-on-year[39]. - The company spent RMB 38,155.03 million on safety production expenses during the first half of the year[39]. Revenue Breakdown - The company's main business revenue from air transportation reached CNY 3,822,295,750.70, with a gross margin of 27.52%, reflecting a year-on-year increase of 5.42%[57]. - Domestic revenue (excluding Hong Kong, Macau, and Taiwan) was CNY 3,049,217,954.06, up 12.73% year-on-year, while international revenue surged by 112.70% to CNY 649,081,084.02[59]. - The average passenger load factor for the entire fleet was 86.07%, with an average aircraft utilization of 12.19 hours per day in the first half of 2015[65]. - The gross margin for air passenger transport was 27.55%, with a year-on-year increase of 5.42%[57]. - The gross margin for air cargo transport was 24.94%, with a year-on-year increase of 5.38%[57]. Strategic Initiatives - The company plans to expand its fleet by adding 19 new aircraft in 2015, increasing the total fleet size from 47 to 57 by the end of the year[53]. - The company has established a hub-and-spoke network centered in Shanghai, aiming to cover all major domestic cities and key tourist destinations by the end of the 12th Five-Year Plan[51]. - The company has implemented a cost control plan to maintain a competitive cost structure, focusing on fuel cost management and operational efficiency[42]. - The company is actively developing direct sales channels and enhancing its frequent flyer program to increase customer loyalty and market share[40]. - The company has initiated a marketing strategy leveraging the "Internet+" model to enhance sales capabilities and expand its market presence[54]. Shareholder Information - The company distributed a cash dividend of RMB 0.12 per share to shareholders, totaling RMB 60 million, based on the total share capital of 500 million shares as of December 31, 2014[80]. - The total amount for share repurchase will not exceed the net profit attributable to the parent company from the previous year[96]. - Major shareholders must announce their intention to reduce shareholding three trading days in advance[96]. - The company will ensure compliance with relevant laws and regulations regarding shareholding reductions[96]. Financial Management - The total current assets increased to CNY 3,055,695,069.56 from CNY 1,926,297,681.33, representing a growth of approximately 58.7%[124]. - Cash and cash equivalents rose significantly to CNY 1,834,767,440.55 from CNY 774,718,188.26, marking an increase of about 136.5%[124]. - Total liabilities rose to CNY 7,290,899,641.09, up from CNY 5,626,436,328.55, indicating a growth of 29.5%[131]. - The company reported a significant increase in accounts receivable, which rose to CNY 191,273,641.08 from CNY 126,710,750.48, a growth of approximately 50.9%[124]. Compliance and Governance - The company has no significant litigation, arbitration, or bankruptcy reorganization matters applicable[84]. - The company has no major related transactions or significant contracts that are applicable[85]. - The company has not reported any significant changes in user data or performance metrics[84]. - The financial statements reflect the company's financial position, operating results, changes in equity, and cash flows accurately[172].