证券代码：002928 证券简称：华夏航空 华夏航空股份有限公司 投资者关系活动记录表 编号：2019-002 | --- | --- | --- | |-------------------------|---------------------------|----------------------------------------------------------------| | | □ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动 | □ | 新闻发布会 □路演活动 | | 类别 | □ 现场参观 | | | | 其他 2019 | 年贵州上市公司投资者集体接待日 | | 参与单位名称及 人员姓名 | 中小投资者 | | | 时间 | 2019 年 6 月 5 | 日（星期三） 15：00-16:30 | | 地点 | 线上进行 | | | 上市公司接待人 员姓名 | 董事会秘书、副总裁 俸杰； | 董事、总裁 吴龙江； 财务总监 张静波； | | 投资者关系活动 | | 本次业绩说明会公司与投资者主要交流情况如下： | | | 1. | ...

编号：2018-01 证券代码：002928 证券简称：华夏航空 华夏航空股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------------|--------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □现场参观 | | | | √ 其他 上市公司集体接待日活动 | | | 参与单位名称及 | 中小投资者 | | | 人员姓名 | | | | 时间 | 2018 年 5 月 22 | 日 14:50-16:50 | | 地点 | 线上进行 | | | 上市公司接待人 | | | | 员姓名 | | 总裁 吴龙江；副总裁/董秘 俸杰；财务总监 张静波 | | 投资者关系活动 | | 本次投资者交流会对公司基本情况进行了介绍，并与投 | 1 / 6 | --- | --- | |----- ...

编号：2021-05-17 □特定对象调研 □分析师会议 投资者关系 □媒体采访 □√业绩说明会：2020 年度网上业绩说明会 活动类别 □新闻发布会 □路演活动 □现场参观 □其他____ 参与单位名称 通过微信小程序"华夏航空投资者关系"参加公司 2020 年度网上业绩说 及人员姓名 明会的投资者 时间 2021 年 05 月 17 日 地点 微信小程序"华夏航空投资者关系" 上市公司接待 董事兼首席执行官吴龙江先生、董事会秘书兼副总裁俸杰先生、财务总 证券代码：002928 证券简称：华夏航空 华夏航空股份有限公司 投资者关系活动记录表 人员姓名 监张静波女士 | --- | --- | |--------------|------------------------------------------------------------------------------| | | 一、公司 2020 年度业绩情况简介： | | | 华夏航空自成立以来一直明确坚持支线战略定位，是国内支线航空 | | | 的引领者。截至 2020 年末，公司机队规模 54 架，航线网络覆盖支线航 | | | 点 92 ...

编号：2022-05-13 □特定对象调研 □分析师会议 投资者关系 □媒体采访 □√业绩说明会：2021 年度网上业绩说明会 活动类别 □新闻发布会 □路演活动 □现场参观 □其他____ 参与单位名称 通过"全景路演"（http://rs.p5w.net）参加公司 2021 年度网上业绩说 及人员姓名 明会的投资者 时间 2022 年 05 月 13 日 地点 "全景路演"（http://rs.p5w.net） 上市公司接待 董事兼首席执行官吴龙江先生、董事会秘书兼副总裁俸杰先生、财务总 人员姓名 监张静波女士 1、（1）对于公司运营中的机构运力购买模式，在疫情背景下国内客 运需求持续低迷，主要机构客户的购买意愿是否受到明显影响，机构运 力购买合同续签情况如何，是否会对公司运营逻辑产生冲击？（2）疫情 下国际航线迟迟不能恢复，国有大航的运力会不会集中投放到国内航线， 甚至下沉到支线航线，从而对公司布局的支线市场形成运力冲击？（3） 公司发生两起飞行安全事件，根据相关民航主管部门要求进行整改，航 投资者关系 班恢复进度及计划？ 活动主要内容 回复：尊敬的投资者，您好！（1）支线航空市场是民用航空市场的 介绍 ...

Financial Performance - Total revenue for Q3 2022 was ¥775,988,990.88, a decrease of 18.39% compared to the same period last year[6]. - Net profit attributable to shareholders was -¥557,505,617.62, representing a decline of 291.64% year-over-year[6]. - Basic earnings per share were -¥0.5526, down 293.59% from the previous year[6]. - The company reported a net loss of CNY 178,419,561.22 compared to a profit of CNY 1,330,358,822.48 in the previous year[41]. - The net profit for the third quarter was -1,508,778,383.70 CNY, compared to -130,690,317.04 CNY in the same period last year, indicating a significant decline[48]. - The total comprehensive income for the period was -1,510,004,081.54 CNY, compared to -129,067,938.52 CNY in the previous year[48]. - Basic earnings per share were -1.4954 CNY, down from -0.1289 CNY year-over-year[48]. - The operating profit for the quarter was -1,791,730,251.71 CNY, a significant drop from -144,654,484.23 CNY in the same quarter last year[48]. Assets and Liabilities - Total assets decreased by 7.87% to ¥14,927,424,814.33 compared to the end of the previous year[6]. - Total assets decreased to CNY 14,927,424,814.33 from CNY 16,202,858,827.78, reflecting a reduction of approximately 7.9%[38]. - Total liabilities increased to CNY 12,820,998,669.45 from CNY 12,586,428,601.36, an increase of about 1.9%[38]. - Non-current assets totaled CNY 11,972,262,571.42, down from CNY 12,278,128,578.92, a decrease of approximately 2.5%[38]. - The company’s equity attributable to shareholders decreased to CNY 2,106,426,144.88 from CNY 3,616,430,226.42, a decline of approximately 41.7%[41]. Cash Flow - Operating cash flow for the first nine months was ¥388,714,136.81, a decrease of 47.11% year-over-year[9]. - Cash flow from operating activities generated a net amount of 388,714,136.81 CNY, a decrease from 734,992,290.01 CNY in the prior year[49]. - Cash inflow from investment activities was 409,980,779.76 CNY, compared to 1,345,995.67 CNY in the previous year[52]. - Cash flow from financing activities resulted in a net outflow of -1,009,119,076.62 CNY, contrasting with a net inflow of 1,075,569,727.94 CNY in the same period last year[52]. - The total cash and cash equivalents at the end of the period were 674,733,308.66 CNY, down from 1,683,649,341.20 CNY at the end of the previous year[52]. - Cash and cash equivalents decreased to CNY 854,718,474.01 from CNY 1,390,696,433.01, a decline of about 38.4%[35]. Operational Metrics - The company's available ton-kilometers (ATK) decreased by 23.81% year-on-year to 17,125.47 million ton-kilometers[21]. - The available seat-kilometers (ASK) dropped by 22.02% year-on-year to 157,987.57 million seat-kilometers[21]. - The transportation turnover (RTK) fell by 26.92% year-on-year to 9,944.72 million ton-kilometers[21]. - The domestic available ton-kilometers decreased by 24.06% year-on-year[21]. - The international available ton-kilometers saw a significant decline of 73.16% year-on-year[21]. - Domestic cargo turnover decreased by 39.05% year-on-year to 9,925.63 million ton-kilometers[25]. - Passenger turnover (RPK) fell by 39.68% year-on-year to 108,959.74 million passenger-kilometers[25]. - Total passenger numbers dropped by 45.07% year-on-year to 811.21 thousand passengers[25]. - Cargo mail turnover (RFTK) decreased by 16.08% year-on-year to 1,075.05 million ton-kilometers[25]. - The overall load factor (RTK/ATK) was 58.07%, down 2.48% from the previous year[25]. - The passenger load factor (RPK/ASK) decreased by 5.36% year-on-year to 68.97%[25]. - The company did not introduce any new aircraft during the reporting period, maintaining a fleet size of 59 aircraft[21]. - The average age of the fleet is 5.45 years[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,955[13]. - The largest shareholder, Huaxia Aviation Holdings (Shenzhen) Co., Ltd., holds 31.97% of shares, totaling 324,000,000 shares[13]. Future Plans and Approvals - The company plans to raise up to 2.5 billion yuan through a private placement of shares[25]. - The private placement application was approved by the China Securities Regulatory Commission on July 29, 2022[29]. - The company completed the election of the third board of directors and supervisory board on September 15, 2022[32]. - The company is currently advancing the private placement of shares[31]. Expenses - Research and development expenses increased by 30.48% to ¥10,846,736.86 compared to the same period last year[9]. - Financial expenses rose by 144.75% to ¥712,211,258.73, primarily due to exchange rate fluctuations[12]. - Total operating costs increased to CNY 3,971,048,268.54 from CNY 3,670,377,170.40, marking an increase of about 8.2%[42]. - The company reported a decrease in sales revenue from 3,362,570,578.67 CNY to 2,357,191,657.33 CNY year-over-year[49]. - The company incurred a credit impairment loss of -7,504,980.36 CNY, compared to -2,258,666.29 CNY in the previous year[48].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,253,046,019.25, a decrease of 46.20% compared to ¥2,329,073,531.54 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was -¥951,272,766.08, representing a significant decline of 8,258.71% from ¥11,659,596.66 in the previous year[28]. - The net cash flow from operating activities increased by 112.16% to ¥306,478,246.63, compared to ¥144,456,027.79 in the same period last year[28]. - The total assets at the end of the reporting period were ¥15,405,379,125.87, down 4.92% from ¥16,202,858,827.78 at the end of the previous year[28]. - The net assets attributable to shareholders of the listed company decreased by 26.34% to ¥2,663,931,762.50 from ¥3,616,430,226.42 at the end of the previous year[28]. - The basic earnings per share were -¥0.9428, a decline of 8,298.26% compared to ¥0.0115 in the same period last year[28]. - The diluted earnings per share were -¥0.9385, reflecting a decrease of 8,260.87% from ¥0.0115 in the previous year[28]. - The weighted average return on net assets was -30.29%, down from 0.30% in the same period last year, indicating a significant decline in profitability[28]. - The operating cost decreased by 8.01% to ¥1,884,011,553.79 from ¥2,048,067,089.05, with the decline in operating costs being lower than the revenue drop, mainly due to rising fuel prices and fleet expansion[96]. - The gross profit margin for the airline transportation sector decreased by 65.69% to -53.56%, reflecting the challenges faced in the current operating environment[99]. Operational Highlights - The company operates a fleet of 59 aircraft, covering 32% of national branch aviation points with 110 flight routes, establishing a nationwide branch aviation network[40]. - The company is positioned as a leading independent branch airline in China, focusing on providing convenient and comfortable air travel for small and medium-sized cities[39]. - The average fleet age as of June 2022 was 5.20 years, with a total fleet size of 59 aircraft, indicating a relatively young fleet that enhances operational safety[72]. - The company operated 110 flight routes by the end of the reporting period, with 91% of routes being independently operated, covering 89 points and 32% of national branch points[73]. - The company has built 6 operational bases in key regions, covering 89 destinations, which represents 32% of its network[88]. - The company improved its operational efficiency by reducing the cabin audio monitoring issue rate by 20% and increasing the compliance rate of flight SOP execution by 39%[75]. Market and Industry Insights - In the first half of 2022, the domestic civil aviation passenger transport volume was 118 million, a year-on-year decrease of 52%, reaching only 37% of the 2019 level[42]. - The aviation industry contributes to local GDP growth and employment, with a long supply chain that integrates service and manufacturing sectors[51]. - The global aviation passenger turnover in 2021 recovered to 51% of the 2019 level, indicating a gradual recovery in the aviation market[41]. - The company anticipates that the demand for air travel will continue to rise as the economy in small and medium-sized cities develops and consumer preferences shift towards more convenient travel options[46]. - The company is focusing on the development of branch aviation, supported by national policies and local government initiatives to enhance regional connectivity and economic growth[56]. Risk Management and Challenges - The management has highlighted various risks and uncertainties that may affect future performance, emphasizing the need for investors to remain cautious[7]. - The company is actively responding to national epidemic prevention policies and has established a pandemic response office to coordinate and execute various prevention measures[67]. - The aviation industry is closely linked to economic cycles, with high asset-liability ratios making it sensitive to interest rate and exchange rate fluctuations[147]. - The company has developed emergency response plans for public health and natural disaster risks, but such events can still disrupt normal operations and negatively impact profitability[148]. - Changes in aviation policies by the Civil Aviation Administration of China can significantly affect the company's operations, including route allocation and fleet expansion plans[149]. Investments and Financial Management - Research and development investment increased by 21.04% to ¥7,006,554.60 from ¥5,788,644.40, indicating a focus on innovation[99]. - The company reported a significant decrease in cash and cash equivalents, with a net increase of only ¥50,313,606.76, down 87.27% from the previous year[99]. - The company has not utilized any of the raised funds from the public offering of convertible bonds in 2019 during the reporting period, with a cumulative investment of 676.60 million yuan[125]. - The total committed investment amount for purchasing 6 CRJ900 aircraft and 3 engines is CNY 47,038.03 million, with an adjusted investment amount of CNY 26,463.83 million[129]. - The company plans to raise no more than 2.5 billion CNY through a private placement of shares, with the controlling shareholder, Huaxia Aviation Holdings (Shenzhen) Co., Ltd., involved in the process[199]. Shareholder and Governance Matters - The company plans to reduce its holdings in Huaxia Airlines by no more than 5% of the total shares held at the end of the previous year each year after the lock-up period expires[169]. - The company will notify Huaxia Airlines three trading days in advance before any planned share reduction[169]. - The commitment to reduce shares is strictly being fulfilled as of the reporting period[169]. - The company has not reported any major litigation or arbitration matters during the reporting period[190]. - The half-year financial report has not been audited[188].

证券代码：002928 证券简称：华夏航空 公告编号：2022-042 华夏航空股份有限公司 关于举办"2021 年度业绩说明会暨投资者 集体接待日活动"的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与 广大投资者沟通交流，进一步提升投资者关系管理水平，贵州证监局、贵州证 券业协会联合深圳市全景网络有限公司，将于 2022 年 05 月 13 日 09:30-11:30 在"全景路演"（http://rs.p5w.net）举办"2021 年度贵州辖区上市公司业 绩说明会暨投资者集体接待日活动"。 华夏航空股份有限公司（以下简称"公司"）出席本次活动人员有：公司 董事兼首席执行官吴龙江先生、董事会秘书兼副总裁俸杰先生、财务总监张静 波女士。 为充分尊重投资者、提升交流的针对性，公司现就本次活动提前向投资者 公开征集问题，广 泛听取投资 者的意见和建 议。投资者 即日起可访问 https://ir.p5w.net/zj/进入问题征集专题页面提交问题。公司将在会上对投 资者普遍关注的问题进行回答 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥601,623,680.99, a decrease of 45.36% compared to ¥1,101,069,713.08 in the same period last year[4] - The net profit attributable to shareholders was -¥453,843,838.38, representing a decline of 845.02% from -¥48,024,688.52 year-on-year[4] - The net loss for the quarter was CNY 453,843,838.38, compared to a net loss of CNY 48,024,688.52 in the same period last year[32] - The total comprehensive income attributable to the parent company was -453,202,635.48 CNY, down from -48,442,515.02 CNY in the previous period[1] - Basic earnings per share were -0.4498 CNY, compared to -0.0474 CNY in the previous period, reflecting a worsening financial performance[1] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥301,117,061.63, a significant increase of 223.12% compared to -¥244,579,094.79 in the previous year[4] - Cash flow from operating activities generated a net inflow of 301,117,061.63 CNY, a recovery from a net outflow of -244,579,094.79 CNY in the previous period[40] - The total cash outflow from operating activities was 807,654,749.89 CNY, compared to 1,276,617,973.39 CNY in the previous period, indicating improved cash management[40] - The cash and cash equivalents increased by 36.16% to ¥1,893,536,694.26 from ¥1,390,696,433.01 at the end of the previous year[9] - The cash and cash equivalents at the end of the period amounted to 1,729,317,152.74 CNY, up from 1,236,503,433.21 CNY at the end of the previous period[41] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥15,722,647,125.15, down 2.96% from ¥16,202,858,827.78 at the end of the previous year[4] - Non-current liabilities totaled CNY 7,911,313,196.46, slightly up from CNY 7,894,228,385.58, indicating a marginal increase of 0.2%[29] - The company's equity attributable to shareholders decreased by 12.53% to ¥3,163,227,590.94 from ¥3,616,430,226.42 at the end of the previous year[4] - The company reported a decrease in accounts payable from CNY 454,643,307.34 to CNY 306,867,314.40, a reduction of 32.4%[29] - The company's long-term borrowings increased to CNY 1,841,991,287.43 from CNY 1,629,550,070.20, an increase of 13.0%[29] Operational Performance - The company reported a significant decline in passenger travel demand due to the ongoing pandemic, resulting in a 41.46% decrease in available ton kilometers (ATK) for domestic operations compared to the same period last year[16] - The total passenger volume decreased by 44.33% year-on-year, with 795,050 passengers carried in the first quarter of 2022[19] - The company experienced a 54.79% decline in cargo and mail turnover, totaling 263.47 million ton-kilometers in the first quarter[19] - The average load factor for passenger operations improved to 67.68%, up 2.14% from the previous year[19] - The company reported a 39.56% decrease in transport turnover (RTK), totaling 9,493.05 million ton-kilometers in the first quarter[19] Research and Development - Research and development expenses were reduced to ¥1,432,735.34, a decrease of 66.48% compared to ¥4,273,676.15 in the same period last year[9] - Research and development expenses for the quarter were CNY 1,432,735.34, significantly lower than CNY 4,273,676.15 from the previous year, a reduction of 66.5%[32] Future Plans and Initiatives - The company plans to raise up to 2.5 billion yuan through a private placement of shares, with the proposal disclosed on January 25, 2022[19] - The company is currently advancing its non-public stock issuance process, with regulatory approvals in progress[22] Other Financial Metrics - The weighted average return on equity was -13.39%, a decline of 12.12% compared to -1.27% in the same period last year[4] - The company experienced a 64.54% decrease in contract liabilities, which fell to ¥21,045,186.75 from ¥59,351,814.74[9] - Total operating costs amounted to CNY 1,125,145,379.20, down from CNY 1,254,160,732.83, reflecting a reduction of 10.3%[32] - The company reported a significant increase in non-operating income, which rose by 55.00% to ¥513,964.90 from ¥331,585.69 year-on-year[9]

Financial Performance - The company's operating revenue for 2021 was ¥3,967,414,529.34, a decrease of 16.08% compared to ¥4,727,891,755.42 in 2020[6]. - The net profit attributable to shareholders for 2021 was -¥98,709,575.91, representing a decline of 116.11% from ¥612,889,904.77 in 2020[6]. - The net profit after deducting non-recurring gains and losses was -¥106,244,395.43 in 2021, down 121.36% from ¥497,423,896.75 in 2020[6]. - The net cash flow from operating activities was ¥915,326,273.22, a decrease of 9.16% from ¥1,007,667,347.40 in 2020[6]. - The total assets at the end of 2021 were ¥16,202,858,827.78, an increase of 40.80% from ¥11,507,588,172.59 at the end of 2020[6]. - The net assets attributable to shareholders decreased by 8.15% to ¥3,616,430,226.42 at the end of 2021 from ¥3,937,458,588.62 at the end of 2020[6]. - In 2021, the company reported a basic earnings per share of -¥0.0975, down 115.23% from ¥0.6400 in 2020[6]. - The company achieved operating revenue of 3.967 billion yuan, a decrease of 16.08% year-on-year, primarily due to the impact of the ongoing COVID-19 pandemic and related travel restrictions[74]. - Passenger revenue accounted for ¥3,658,184,719.99, representing 92.21% of total revenue, down 19.44% from ¥4,540,857,508.91 in 2020[107]. - Operating costs totaled ¥3,786,313,761.62, a decrease of 7.06% from ¥4,073,913,789.20 in 2020[111]. Operational Challenges - The total passenger turnover (RPK) for the year was significantly impacted by market conditions, reflecting a need for strategic adjustments[7]. - The management team highlighted the necessity of adapting to changing market dynamics to achieve set performance targets[7]. - The company experienced a significant decline in quarterly performance, with the third quarter showing a net profit of -¥142,349,913.70[7]. - The average daily aircraft utilization rate was 5.81 hours, a decrease of 32% year-on-year, reflecting operational challenges during the pandemic[74]. - The available ton-kilometers (ATK) decreased by 21.67% year-on-year to 95,473.27 million kilometers, with domestic ATK down by 21.34% and international ATK down by 72.35%[92]. - The available seat-kilometers (ASK) fell by 19.68% to 857,948.54 million kilometers, with domestic ASK down by 19.35% and international ASK down by 71.83%[92]. - The passenger turnover (RPK) decreased by 16.55% to 620,829.08 million kilometers, with domestic RPK down by 16.20% and international RPK down by 84.11%[92]. - The cargo and mail turnover (RFTK) decreased by 31.65%, reflecting a significant drop in international cargo turnover by 99.47%[92]. Strategic Initiatives - The company aims to enhance its market presence and operational efficiency in the upcoming fiscal year[7]. - Future growth strategies include potential market expansions and partnerships to increase route offerings[7]. - The company has committed to ongoing research and development of new technologies to improve service delivery and operational capabilities[7]. - The company is focused on improving its comprehensive load factor and passenger load factor to enhance profitability[7]. - The company has signed a long-term route cooperation agreement with the Wuhu municipal government to develop Wuhu as a regional aviation hub[87]. - The company launched 7 new cross-province routes from Quzhou, enhancing travel options for local residents[87]. - The company aims to enhance safety culture and capabilities while expanding its transportation network[171]. - The company plans to maintain its strategic goal of becoming a "world-class regional airline industry integration leader" while adhering to pandemic prevention measures in 2022[171]. Market Trends and Industry Insights - The domestic aviation industry saw a passenger transport volume of 441 million in 2021, a year-on-year increase of 5.5%[48]. - By the end of 2021, the total number of airports in China reached 248, with 199 airports having an annual throughput of less than 3 million passengers[53]. - It is projected that by 2025, the number of civil transport airports in China will exceed 270, with most new airports being regional airports, indicating significant growth potential for regional aviation[53]. - The demand for regional aviation is driven by the economic development needs of small and medium-sized cities, which require improved accessibility to facilitate tourism and business travel[54]. - The government plans to increase the number of civil transport airports to approximately 450 by 2035, further supporting the expansion of regional aviation services[53]. - Local governments are actively promoting the development of regional aviation, implementing measures to attract airlines and enhance airport infrastructure[59]. - The regional aviation sector is characterized by high operational demands, including frequent takeoffs and landings, which require advanced dispatch and operational capabilities[65]. Risk Management - The company emphasizes the importance of risk awareness among investors regarding its forward-looking statements[7]. - The company faces risks from macroeconomic fluctuations, which can impact demand in the aviation sector due to its reliance on business, trade, and tourism[184]. - The company is exposed to fuel price volatility, which significantly affects operational costs and profit levels, with recent adjustments in fuel surcharge mechanisms[187]. - The company manages foreign exchange risks related to aircraft purchases and maintenance materials, which are primarily denominated in USD[190]. - The company primarily holds interest-bearing debt in RMB and USD, with fluctuations in interest rates posing a risk to interest expenses[191]. - The company aims to optimize its capital structure and broaden financing channels to mitigate risks associated with interest rate fluctuations[191]. Research and Development - The company has established a risk management system for derivative investments, including regular internal audits to effectively prevent risks[148]. - The company is in the trial production phase for several R&D projects, including a smart airport system and a customer relationship management system, with no significant impact on profits expected[123]. - Research and development expenses increased by 5.75% to 21,472,067.44 yuan, accounting for 0.54% of operating revenue[126]. - The number of R&D personnel decreased by 10.14% to 186, with a notable drop in master's degree holders by 45.45% to 6[126]. Subsidiaries and Investments - The company has established several subsidiaries, including Huaxia Aviation Education Technology Co., Ltd., which generated a net profit of 22.65 million yuan, contributing significantly to the overall profit[168]. - The company invested in new subsidiaries, including a travel agency with a registered capital of ¥300,000 and an aviation industry company with ¥10 million in registered capital[114][115]. - The company has temporarily supplemented working capital with idle raised funds amounting to CNY 100 million, which will be returned within twelve months[158]. - The company has changed the use of part of the raised funds to purchase aircraft, with the decision approved by the board and independent directors[161].

Financial Performance - The company's operating revenue for Q3 2021 was ¥950,836,032.70, a decrease of 29.10% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥142,349,913.70, representing a decline of 187.25% year-over-year[4]. - The net profit after deducting non-recurring gains and losses was -¥143,418,936.62, down 188.64% from the previous year[4]. - Total operating revenue for the current period is ¥3,279,909,564.24, a decrease of 1.35% from ¥3,324,940,973.15 in the previous period[38]. - Net profit attributable to the parent company is -¥130,690,317.04, compared to a profit of ¥171,380,386.00 in the previous period, indicating a significant decline[44]. - The company reported a comprehensive income total of -¥129,067,938.52 for the current period, down from ¥172,984,528.97 in the previous period[44]. - Basic earnings per share for the current period is -0.1289, compared to 0.1825 in the previous period[44]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥16,192,069,596.16, an increase of 40.71% compared to the end of the previous year[4]. - Total liabilities amount to ¥12,558,308,307.46, an increase from ¥7,570,129,583.97 in the previous period[36]. - The total equity attributable to shareholders decreased by 7.71% to ¥3,633,761,288.70 compared to the end of the previous year[4]. - The total equity attributable to the parent company is ¥3,633,761,288.70, down from ¥3,937,458,588.62 in the previous period[36]. - The total assets increased to ¥15,013,704,250.28 from ¥11,507,588,172.59, marking a growth of approximately 30.5%[55]. - Total current liabilities reached ¥3,294,956,872.25, a decrease of ¥415,942,967.82 compared to the previous period[58]. - Non-current liabilities totaled ¥4,275,172,711.72, reflecting a significant reduction of ¥3,182,926,439.52[58]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥734,992,290.01, an increase of 32.89% compared to the same period last year[4]. - The cash inflow from operating activities totaled ¥3,925,749,576.36, an increase from ¥3,686,856,836.29 in the previous period, representing a growth of approximately 6.5%[48]. - The net cash outflow from investing activities was ¥1,508,140,032.05, compared to a net outflow of ¥437,431,768.38 in the prior period, indicating a significant increase in investment expenditures[51]. - The cash inflow from financing activities amounted to ¥4,167,494,214.98, up from ¥2,501,786,698.03, reflecting a growth of approximately 66.7%[51]. - The cash and cash equivalents at the end of the period were ¥1,683,649,341.20, down from ¥2,012,586,403.53, reflecting a decrease in liquidity[51]. Operational Metrics - The company's available ton-kilometers (ATK) decreased by 31.69% year-on-year to 22,476.55 million ton-kilometers[22]. - The available seat-kilometers (ASK) dropped by 29.61% year-on-year to 202,592.03 million seat-kilometers[22]. - The transportation turnover (RTK) fell by 31.29% year-on-year to 13,608.47 million ton-kilometers[22]. - Passenger turnover (RPK) decreased by 30.20% year-over-year to 150,582.76 million kilometers, while domestic RPK decreased by 30.10% to 150,582.76 million kilometers[25]. - Cargo turnover (RFTK) fell by 44.04% to 382.55 million ton-kilometers, with domestic cargo turnover also down by 44.04%[25]. - Total passenger numbers decreased by 35.99% to 1,205.78 thousand, with international passenger numbers dropping to zero, a 100% decline[25]. - The overall cargo load factor was 4.31%, down from 5.94%, reflecting a decrease of 1.63%[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 36,138[14]. - The largest shareholder, Huaxia Aviation Holdings (Shenzhen) Co., Ltd., holds 31.97% of shares, totaling 324,000,000 shares[14]. - The company has not disclosed any related party relationships among the top shareholders[18]. Other Financial Information - The company recognized a government subsidy of ¥110,994.48 during the reporting period[7]. - Research and development expenses increased to ¥8,312,636.79, up from ¥6,672,206.93 in the previous period, reflecting a focus on innovation[41]. - Financial expenses rose significantly to ¥290,996,002.45, compared to ¥138,185,626.50 in the previous period, primarily due to increased interest expenses[41]. - Other income for the current period is reported at ¥247,202,689.28, slightly up from ¥240,953,365.18 in the previous period[41]. - The company reported a significant increase in employee compensation payments, totaling ¥849,023,133.45, compared to ¥714,262,484.13 in the previous period, an increase of approximately 18.9%[48]. - The company repurchased 1,952,400 shares, accounting for 0.1926% of total shares, with a total expenditure of RMB 20,043,800[26]. - The company plans to continue its share repurchase program, with a budget of RMB 5,000,000 to RMB 10,000,000[26].