上海机场(600009) - 2024 Q3 - 季度财报

Revenue and Profit Performance - Revenue for the third quarter was RMB 3,127,199,442.24, an increase of 2.46% compared to the same period last year[2] - Cumulative revenue from the beginning of the year to the end of the reporting period was RMB 9,190,859,564.62, a year-on-year increase of 16.03%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 386,750,539.79, up 6.16% year-on-year[2] - Cumulative net profit attributable to shareholders of the listed company from the beginning of the year to the end of the reporting period was RMB 1,201,623,638.29, a significant increase of 141.87% year-on-year[2] - Net profit increased to 1,430,649,327.85 RMB from 660,351,059.62 RMB[18] - Net profit attributable to parent company shareholders increased to 1,201,623,638.29 RMB from 496,800,930.14 RMB[18] - Minority shareholders' net profit increased to 229,025,689.56 RMB from 163,550,129.48 RMB[18] - Total revenue for the first three quarters of 2024 reached 5,179,071,751.66 RMB, a 16.8% increase compared to 4,435,693,649.01 RMB in the same period of 2023[27] - Net profit for the first three quarters of 2024 was 590,883,690.28 RMB, a significant increase from 127,705,553.89 RMB in the same period of 2023[28] Earnings Per Share and Return on Equity - Basic earnings per share for the third quarter were RMB 0.16, an increase of 6.67% compared to the same period last year[3] - Weighted average return on equity (ROE) for the third quarter was 0.95%, an increase of 0.04 percentage points year-on-year[3] - Basic earnings per share increased to 0.48 RMB from 0.20 RMB[20] Asset and Liability Changes - Total assets at the end of the reporting period were RMB 68,953,537,204.60, a slight decrease of 0.76% compared to the end of the previous year[3] - Total assets decreased to 68,953,537,204.60 RMB from 69,480,530,979.72 RMB[15] - Total liabilities decreased to 26,374,336,882.36 RMB from 27,453,959,185.37 RMB[15] - The company's total assets as of September 30, 2024 were RMB 62,262,376,790.80, a slight decrease from RMB 62,917,352,830.05 at the end of 2023[24] - Total liabilities as of Q3 2024 were 22,502,495,747.27 RMB, slightly lower than 22,783,625,460.86 RMB at the end of Q3 2023[26] - Total equity as of Q3 2024 was 39,759,881,043.53 RMB, showing a slight increase from 40,133,727,369.19 RMB at the end of Q3 2023[26] Cash Flow and Financial Activities - Cash flow from operating activities for the period from the beginning of the year to the end of the reporting period was RMB 3,803,714,946.70, an increase of 87.10% year-on-year[2] - Sales of goods and services received cash of RMB 9,603,977,154.10 in the first three quarters of 2024, a 34.6% increase compared to RMB 7,135,089,486.23 in the same period of 2023[21] - Net cash flow from operating activities in the first three quarters of 2024 was RMB 3,803,714,946.70, an 87.1% increase from RMB 2,032,999,934.64 in the same period of 2023[22] - Net cash flow from investing activities in the first three quarters of 2024 was negative RMB 1,418,523,702.41, an improvement from negative RMB 3,417,537,952.64 in the same period of 2023[22] - Net cash flow from financing activities in the first three quarters of 2024 was negative RMB 2,118,174,629.99, compared to negative RMB 287,248,310.06 in the same period of 2023[23] - Operating cash flow for the first three quarters of 2024 was 2,411,912,027.51 RMB, more than double the 1,157,329,301.06 RMB in the same period of 2023[30] - Investment cash outflow for the first three quarters of 2024 was 2,157,409,142.51 RMB, significantly lower than 3,179,494,723.97 RMB in the same period of 2023[30] - Financing cash inflow for the first three quarters of 2024 was 12,389,250,126.13 RMB, slightly higher than 11,853,216,712.03 RMB in the same period of 2023[30] - Repayment of debt amounted to 7.2 billion CNY, compared to 6.75 billion CNY in the previous period[31] - Cash outflow for financing activities totaled 13.83 billion CNY, up from 11.77 billion CNY in the prior period[31] - Net cash flow from financing activities was -1.44 billion CNY, a significant decrease from 78.23 million CNY in the previous period[31] - Net increase in cash and cash equivalents was -189.24 million CNY, compared to -1.68 billion CNY in the prior period[31] - Ending cash and cash equivalents balance stood at 13.33 billion CNY, down from 13.52 billion CNY at the beginning of the period[31] Business and Operational Highlights - The significant increase in net profit and earnings per share was mainly due to a substantial year-on-year increase in aviation business volume at Shanghai's two airports, leading to improved operational efficiency[5][6] - Advertising contract revenue for the reporting period was 174 million yuan[12] - Duty-free contract revenue for the reporting period was 267 million yuan[12] Financial Position and Investments - Monetary funds as of September 30, 2024, amounted to 14.88 billion yuan, an increase from 14.62 billion yuan at the end of 2023[13] - Trading financial assets as of September 30, 2024, were 452 million yuan, up from 406.91 million yuan at the end of 2023[13] - Accounts receivable as of September 30, 2024, were 2.81 billion yuan, compared to 2.59 billion yuan at the end of 2023[14] - Long-term equity investments as of September 30, 2024, were 4.62 billion yuan, up from 4.33 billion yuan at the end of 2023[14] - Fixed assets as of September 30, 2024, were 23.2 billion yuan, a decrease from 24.12 billion yuan at the end of 2023[14] - Construction in progress as of September 30, 2024, was 2.3 billion yuan, up from 1.93 billion yuan at the end of 2023[14] - Total current assets as of September 30, 2024, were 18.28 billion yuan, compared to 17.73 billion yuan at the end of 2023[14] - Total non-current assets as of September 30, 2024, were 50.67 billion yuan, a decrease from 51.75 billion yuan at the end of 2023[14] - Long-term equity investments increased to RMB 12,149,389,095.60 as of September 30, 2024, up from RMB 11,982,877,423.35 at the end of 2023[25] - Fixed assets decreased to RMB 17,537,945,316.59 as of September 30, 2024, down from RMB 18,249,955,763.20 at the end of 2023[25] - Construction in progress increased to RMB 2,162,507,955.51 as of September 30, 2024, up from RMB 1,788,087,999.36 at the end of 2023[25] - Total current liabilities as of September 30, 2024 were RMB 10,007,239,271.44, slightly higher than RMB 9,901,076,414.62 at the end of 2023[25] - Lease liabilities decreased to RMB 12,488,848,509.15 as of September 30, 2024, down from RMB 12,876,141,079.56 at the end of 2023[25] Expenses and Financial Costs - Research and development expenses were 1,733,886.36 RMB, compared to 0.00 RMB in the previous period[18] - Financial expenses increased to 341,909,118.71 RMB from 256,848,599.33 RMB[18] - Investment income increased to 573,190,183.71 RMB from 385,538,910.20 RMB[18] - Research and development expenses for the first three quarters of 2024 were 518,077.00 RMB, compared to 0.00 RMB in the same period of 2023[27] - Interest expenses for the first three quarters of 2024 were 400,429,486.31 RMB, slightly lower than 414,797,676.30 RMB in the same period of 2023[27] Shareholder Information - The largest shareholder, Shanghai Airport (Group) Co., Ltd., holds 58.38% of the company's shares[7]