华夏航空(002928) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,773,919,947.16, representing a 9.78% increase compared to ¥1,615,830,216.24 in the same period last year[4] - Net profit attributable to shareholders reached ¥81,976,770.82, a significant increase of 232.31% from ¥24,668,456.50 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥75,902,465.88, up 399.10% from ¥15,207,730.17 in the previous year[4] - Basic earnings per share rose to ¥0.0644, reflecting a 231.96% increase compared to ¥0.0194 in the same period last year[4] - The total operating revenue for the current period is CNY 1,773,919,947.16, an increase from CNY 1,615,830,216.24 in the previous period, representing a growth of approximately 9.8%[27] - The net profit for the current period is 81,976,770.82, a significant increase from 24,668,456.50 in the previous period, representing a growth of approximately 233.5%[28] - Operating profit for the current period is 97,393,919.63, compared to 36,642,910.31 in the previous period, indicating an increase of about 166.8%[28] - The total comprehensive income for the current period is 81,976,770.82, compared to 24,668,456.50 in the previous period, marking an increase of about 233.5%[29] - The basic earnings per share for the current period is 0.0644, up from 0.0194 in the previous period, indicating an increase of approximately 232.8%[29] - The company reported a total profit of 98,627,164.33 for the current period, compared to 37,186,831.92 in the previous period, representing an increase of approximately 165.5%[28] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥21,406,648,269.76, a 3.42% increase from ¥20,698,011,133.47 at the end of the previous year[4] - The total current assets as of March 31, 2025, are CNY 5,624,235,392.72, compared to CNY 5,180,505,248.94 at the beginning of the period, showing an increase of about 8.6%[24] - The total liabilities amount to CNY 17,963,019,864.64, which is an increase from CNY 17,340,067,009.95, representing a growth of approximately 3.6%[25] - The total assets as of March 31, 2025, are CNY 21,406,648,269.76, up from CNY 20,698,011,133.47, indicating an increase of about 3.4%[25] - The non-current liabilities total CNY 10,900,029,005.94, a decrease from CNY 11,069,389,808.72, reflecting a decline of approximately 1.5%[25] - The company's retained earnings show a deficit of CNY -1,258,134,248.93, improved from CNY -1,340,111,019.75 in the previous period[25] Cash Flow and Expenses - Cash flow from operating activities decreased by 10.43% to ¥368,974,877.57 from ¥411,922,904.85 year-on-year[4] - The net cash flow from operating activities is 368,974,877.57, down from 411,922,904.85 in the previous period, showing a decline of about 10.4%[31] - The cash and cash equivalents increased to CNY 2,028,905,944.84 from CNY 1,659,259,200.43, marking a growth of about 22.2%[23] - The cash and cash equivalents at the end of the period amount to 1,561,687,989.57, an increase from 1,099,566,928.68 in the previous period, reflecting a growth of about 42%[31] - The company incurred research and development expenses of 471,921.24, a decrease from 1,599,167.64 in the previous period, representing a reduction of approximately 70.5%[28] - The financial expenses for the current period are 137,420,016.00, down from 168,451,327.62 in the previous period, indicating a decrease of about 18.4%[28] Operational Metrics - In the first quarter, the company achieved an available seat kilometer (ASK) of 435,444.03 million kilometers, a year-on-year increase of 23.73%[14] - The passenger turnover volume (RPK) reached 347,266.62 million kilometers, reflecting a year-on-year growth of 28.08%[15] - The total number of passengers transported was 2,527.84 thousand, marking a year-on-year increase of 28.43%[17] - The cargo turnover volume (RFTK) was 661.50 million tons-kilometers, up 25.82% from the previous year[17] - The company reported a passenger load factor of 79.75%, an increase of 2.71 percentage points year-on-year[17] - The fleet size reached 77 aircraft, with an average age of 6.14 years as of March 31, 2025[16] - The company introduced 1 C909 aircraft through operating lease and 1 A320 aircraft through financing lease during the reporting period[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,837, with no preferred shareholders[12] - The company plans to implement an employee stock ownership plan in 2024 to enhance governance and employee engagement[18] - The company is currently advancing its employee stock ownership plan in an orderly manner[21] Cost Analysis - The total operating costs for the current period amount to CNY 2,040,077,610.96, up from CNY 1,850,982,243.53 in the previous period, indicating an increase of about 10.2%[27] - The operating cost specifically rose to CNY 1,759,971,093.23 from CNY 1,552,924,811.01, reflecting a growth of approximately 13.4%[27]