华夏航空(002928) - 2024 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2024 reached ¥1,942,908,685.45, an increase of 18.73% year-over-year, and total revenue for the year-to-date was ¥5,153,999,422.46, up 33.81% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥280,449,600.83, a significant increase of 411.92% year-over-year, with year-to-date net profit at ¥306,600,901.46, up 143.96%[2]. - Basic earnings per share for Q3 2024 was ¥0.2202, reflecting a 412.09% increase compared to the same period last year[2]. - Net profit for the current period was ¥306,600,901.46, a significant recovery from a net loss of ¥697,432,319.27 in the previous period[23]. - The company reported a basic earnings per share of ¥0.2407, compared to a loss per share of ¥0.5476 in the previous period[24]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥20,123,770,357.62, representing a 10.70% increase from the end of the previous year[2]. - The total current liabilities rose to CNY 7,072,819,076.03, compared to CNY 5,751,958,099.38 at the beginning of the period, marking an increase of around 22.9%[20]. - The total liabilities increased to ¥16,729,659,144.67 from ¥15,091,526,855.30, indicating a rise in financial obligations[21]. - The total equity attributable to shareholders of the parent company rose to ¥3,394,111,212.95 from ¥3,087,510,311.49, showing an improvement in shareholder value[21]. Cash Flow - The company reported a net cash flow from operating activities of ¥1,369,038,843.18 for the year-to-date, an increase of 60.67% year-over-year[2]. - Cash inflow from operating activities totaled ¥6,161,570,393.23, an increase from ¥4,643,059,772.56 in the previous period[25]. - The net cash flow from operating activities was CNY 1,369,038,843.18, an increase of 60.8% compared to CNY 852,075,719.15 in the previous year[26]. - The ending balance of cash and cash equivalents was CNY 1,687,397,640.83, down from CNY 2,141,684,569.76, reflecting a decrease of 21.1%[26]. Operational Metrics - In the third quarter, the total number of passengers transported reached 2.5856 million, a year-on-year increase of 35.58%[9]. - The passenger load factor improved to 83.51%, an increase of 3.37 percentage points year-on-year[9]. - Available ton kilometers (ATK) increased by 25.65% year-on-year to 434.11 million ton-kilometers[10]. - Available seat kilometers (ASK) rose by 25.68% year-on-year to 404.93 million seat-kilometers[10]. - The transportation turnover (RTK) increased by 31.06% year-over-year to 29,832.07 million ton-kilometers, with domestic RTK up by 30.00% and international RTK soaring by 220.82%[12]. - Passenger turnover (RPK) rose by 30.97% year-over-year to 338,144.39 million passenger-kilometers, with domestic RPK increasing by 29.90% and international RPK up by 217.72%[12]. Strategic Initiatives - The company actively launched new regional routes to meet diverse travel demands, enhancing connectivity for smaller cities[9]. - The company plans to implement an employee stock ownership plan to enhance employee engagement and corporate governance, which was approved by the board on September 12, 2024[17]. - The employee stock ownership plan was further ratified by the shareholders on October 10, 2024, indicating strong support for employee involvement in the company's growth[18]. - The company sold 100% equity of its subsidiary, Huaxia Aviation Education Technology Industry Co., Ltd., for 604.426 million yuan to optimize its business structure[13]. Financial Management - Financial expenses were reduced to ¥385,933,270.76 from ¥529,618,289.47, reflecting improved financial management[23]. - The company utilized CNY 134,000,000 of idle raised funds to temporarily supplement working capital, ensuring that these funds are used solely for daily operational expenses[16]. - The company paid CNY 855,042,688.82 in cash to employees, which is a 17.9% increase from CNY 725,294,725.01[26].