海航控股(600221) - 2023 Q1 - 季度财报

Important Reminders The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility[2] - The company's responsible person, chief financial officer, and head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] - The financial statements for this quarter are unaudited[4] Key Financial Data This section presents the company's key financial performance and position, highlighting significant changes and their underlying reasons Key Accounting Data and Financial Indicators The company achieved a significant 106.36% year-on-year increase in operating revenue and turned profitable with net profit of 158 million yuan in Q1 2023 2023 First Quarter Key Accounting Data and Financial Indicators | Item | Current Reporting Period (Thousand Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 13,147,778 | 106.36 | | Net Profit Attributable to Shareholders | 158,002 | N/A (Turned Profitable) | | Net Profit Attributable to Shareholders After Non-recurring Gains and Losses | 101,872 | N/A (Turned Profitable) | | Net Cash Flow from Operating Activities | 2,734,931 | N/A (Turned Positive) | | Basic Earnings Per Share (Yuan/Share) | 0.0037 | N/A (Turned Positive) | | Diluted Earnings Per Share (Yuan/Share) | 0.0037 | N/A (Turned Positive) | | Weighted Average Return on Net Assets (%) | 10.19 | N/A (Turned Positive) | | End of Current Reporting Period (Thousand Yuan) | End of Previous Year (Thousand Yuan) | Change from End of Previous Year (%) | | Total Assets | 139,299,149 | 138,114,275 | 0.86 | | Owners' Equity Attributable to Shareholders | 2,312,964 | 1,164,379 | 98.64 | Non-recurring Gains and Losses and Amounts Non-recurring gains and losses totaled 56.13 million yuan for the quarter, primarily from non-current asset disposal, government grants, and other non-operating items 2023 First Quarter Non-recurring Gains and Losses and Amounts | Item | Current Period Amount (Thousand Yuan) | | :--- | :--- | | Gains or Losses from Disposal of Non-current Assets | 8,574 | | Government Grants Included in Current Profit and Loss | 19,987 | | Gains or Losses from Fair Value Changes and Investment Income | -4,170 | | Other Non-operating Income and Expenses | -7,686 | | Other Gains and Losses Meeting the Definition of Non-recurring | 42,931 | | Less: Income Tax Impact | - | | Impact on Minority Interests (After Tax) | 3,506 | | Total | 56,130 | Changes and Reasons for Key Accounting Data and Financial Indicators Significant growth in revenue and net profit is attributed to the recovery of the aviation market, leading to increased capacity and business volume - Operating revenue increased by 106.36% year-on-year, primarily due to the recovery of the aviation market, leading to increased company capacity and business volume[6] - Net profit attributable to shareholders and net profit attributable to shareholders after deducting non-recurring gains and losses both turned from loss to profit, mainly due to the recovery of the aviation market, increased company capacity, and business volume[6] - Net cash flow from operating activities, basic earnings per share, diluted earnings per share, and weighted average return on net assets all turned from negative to positive[7] - Shareholders' equity attributable to the parent company increased by 98.64%[7] Shareholder Information This section details the company's shareholder structure, including the total number of common shareholders and the top ten shareholders' holdings and their status Total Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 402,068 common shareholders, with Hainan Hanwei Investment Co., Ltd. holding the largest stake at 24.41%, with some shares pledged - As of the end of the reporting period, the total number of common shareholders was 402,068[9] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (Shares) | Shareholding Ratio (%) | Number of Restricted Shares Held (Shares) | Share Status | Number of Pledged, Marked, or Frozen Shares (Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Hainan Hanwei Investment Co., Ltd. | Domestic Non-state-owned Legal Person | 10,546,866,453 | 24.41 | 9,972,838,277 | Pledged | 442,307,692 | | Hainan Fangda Aviation Development Co., Ltd. | Domestic Non-state-owned Legal Person | 4,200,000,000 | 9.72 | 0 | Pledged | 4,200,000,000 | | Grand China Air Co., Ltd. | Domestic Non-state-owned Legal Person | 3,305,200,000 | 7.65 | 0 | Pledged | 3,305,200,000 | | HNA Aviation Holding Co., Ltd. Bankruptcy Enterprise Property Disposal Special Account | Other | 2,316,011,025 | 5.36 | 0 | None | 0 | | China Development Bank | State-owned Legal Person | 896,001,078 | 2.07 | 0 | None | 0 | | Hainan Lucky International Travel Charter Co., Ltd. | Other | 662,000,000 | 1.53 | 0 | None | 0 | | China Construction Bank Corporation Hainan Branch | State-owned Legal Person | 656,574,980 | 1.52 | 0 | None | 0 | | HNA Group Co., Ltd. | Other | 593,941,394 | 1.37 | 0 | Frozen | 593,941,394 | | BOC Financial Asset Investment Co., Ltd. | State-owned Legal Person | 527,070,455 | 1.22 | 0 | None | 0 | | Hainan HNA Business Services Co., Ltd. | Other | 517,671,098 | 1.20 | 0 | None | 0 | - Hainan Hanwei Investment Co., Ltd. and Grand China Air Co., Ltd. are indirect subsidiaries of Hainan Fangda Aviation Development Co., Ltd.; Hainan Lucky International Travel Charter Co., Ltd., Hainan HNA Business Services Co., Ltd., and HNA Group Co., Ltd. are parties acting in concert[10] Other Reminders The company has no other significant information requiring special attention from investors regarding its operating performance during the reporting period - There is no other significant information regarding the company's operating performance during the reporting period that requires special attention from investors[11] Quarterly Financial Statements This section presents the unaudited consolidated financial statements for the quarter, including the balance sheet, income statement, and cash flow statement Type of Audit Opinion The financial statements for this reporting period are unaudited - The financial statements for this reporting period are unaudited[12] Consolidated Balance Sheet As of March 31, 2023, total assets slightly increased, with a notable 98.64% rise in owners' equity attributable to the parent company due to current period profitability Consolidated Balance Sheet Key Data Comparison (March 31, 2023 vs December 31, 2022) | Item | March 31, 2023 (Thousand Yuan) | December 31, 2022 (Thousand Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 139,299,149 | 138,114,275 | 0.86 | | Total Current Assets | 24,342,034 | 22,567,222 | 7.87 | | Total Non-current Assets | 114,957,115 | 115,547,053 | -0.51 | | Total Liabilities | 137,763,500 | 137,655,426 | 0.08 | | Total Current Liabilities | 32,639,792 | 30,842,306 | 5.82 | | Total Non-current Liabilities | 105,123,708 | 106,813,120 | -1.58 | | Total Owners' Equity Attributable to Parent Company | 2,312,964 | 1,164,379 | 98.64 | | Minority Interests | -777,315 | -705,530 | -10.17 | | Total Owners' Equity | 1,535,649 | 458,849 | 234.67 | Consolidated Income Statement In Q1 2023, total operating revenue doubled to 13.15 billion yuan, resulting in a net profit of 86.64 million yuan and a significant turnaround from loss to profit year-on-year Consolidated Income Statement Key Data Comparison (2023 First Quarter vs 2022 First Quarter) | Item | 2023 First Quarter (Thousand Yuan) | 2022 First Quarter (Thousand Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 13,147,778 | 6,371,300 | 106.36 | | Total Operating Costs | 13,299,767 | 10,191,783 | 30.49 | | Operating Profit | 74,346 | -3,945,484 | Turned from Loss to Profit | | Total Profit | 86,647 | -3,907,071 | Turned from Loss to Profit | | Net Profit | 86,644 | -3,907,155 | Turned from Loss to Profit | | Net Profit Attributable to Parent Company Shareholders | 158,002 | -3,598,664 | Turned from Loss to Profit | | Basic Earnings Per Share (Yuan/Share) | 0.0037 | -0.1083 | Turned from Loss to Profit | | Diluted Earnings Per Share (Yuan/Share) | 0.0037 | -0.1083 | Turned from Loss to Profit | Consolidated Cash Flow Statement Net cash flow from operating activities turned positive to 2.73 billion yuan in Q1 2023, indicating significant operational improvement, while investment and financing activities saw increased outflows Consolidated Cash Flow Statement Key Data Comparison (2023 First Quarter vs 2022 First Quarter) | Item | 2023 First Quarter (Thousand Yuan) | 2022 First Quarter (Thousand Yuan) | Year-on-Year Change (Thousand Yuan) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 2,734,931 | -3,633,234 | 6,368,165 | | Net Cash Flow from Investing Activities | -537,849 | 2,512,333 | -3,050,182 | | Net Cash Flow from Financing Activities | -2,546,696 | 3,499,376 | -6,046,072 | | Net Increase in Cash and Cash Equivalents | -349,311 | 2,378,521 | -2,727,832 | | Cash and Cash Equivalents at End of Period | 9,359,107 | 4,917,044 | 4,442,063 | Implementation of New Accounting Standards The company's initial adoption of new accounting standards or interpretations in 2023 did not require adjustments to the opening financial statements of the year of first implementation - The company's initial adoption of new accounting standards or interpretations in 2023 did not involve adjustments to the opening financial statements for the year of first implementation[23]