2019-10-30 16:00Financial Performance - Operating revenue for the third quarter reached CNY 103,077,172,000, a slight increase of 0.19% compared to the previous year[7] - Net profit attributable to shareholders decreased by 2.53% to CNY 6,762,090,000[7] - The company reported a basic earnings per share of CNY 0.49, down 3.92% from the previous year[7] - Total operating revenue for Q3 2019 was CNY 37,764,085, a decrease from CNY 38,637,773 in Q3 2018, representing a decline of approximately 2.2%[27] - Net profit for Q3 2019 reached CNY 4,107,211, compared to CNY 3,728,793 in Q3 2018, indicating an increase of approximately 10.1%[28] - The total profit for Q3 2019 was CNY 4,838,261, compared to CNY 4,577,098 in Q3 2018, reflecting an increase of about 5.7%[28] - The total comprehensive income for Q3 2019 was CNY 4,688,759, slightly down from CNY 4,701,392 in Q3 2018[29] - The company reported investment income of CNY 688,711 in Q3 2019, compared to CNY 596,386 in Q3 2018, showing an increase of about 15.4%[28] Assets and Liabilities - Total assets increased by 18.58% year-on-year to CNY 289,007,619,000[6] - The number of total assets at the end of the reporting period was CNY 289,007,619,000, compared to CNY 243,716,006,000 at the end of the previous year[6] - Total liabilities increased to 187.30 billion, up from 143.16 billion, representing a growth of approximately 30.8% year-over-year[21] - Current liabilities totaled 75.38 billion, compared to 72.23 billion, reflecting an increase of about 4.8%[21] - Non-current liabilities rose significantly to 111.92 billion from 70.93 billion, marking an increase of approximately 57.8%[21] - The company reported a significant decrease in long-term borrowings, down 53.92% to RMB 1,467,852 thousand from RMB 3,185,481 thousand, due to lower new borrowings compared to repayments[14] Cash Flow - Net cash flow from operating activities increased by 22.30% to CNY 30,103,490,000 for the first nine months[6] - Cash received from operating activities increased by 53.20% to RMB 7,687,329 thousand compared to RMB 5,017,851 thousand in the previous year[15] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 18,715,257 thousand, an increase from CNY 17,154,552 thousand in the same period of 2018, reflecting a growth of approximately 9.1%[35] - The net cash flow from financing activities was -CNY 15,981,892 thousand, compared to -CNY 8,569,096 thousand in the same period last year, representing a decline of approximately 86.5%[36] - The company experienced a net increase in cash and cash equivalents of -CNY 4,722,319 thousand, contrasting with a net increase of CNY 3,143,170 thousand in the same period last year[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 170,901[9] - The largest shareholder, China National Aviation Holding, holds 40.98% of the shares[9] Research and Development - Research and development expenses in Q3 2019 were CNY 48,676, significantly higher than CNY 20,743 in Q3 2018, marking an increase of about 134%[27] - Research and development expenses increased significantly to CNY 36,454, up 206.57% from CNY 11,881 in Q3 2018[31] Other Financial Metrics - The weighted average return on equity decreased by 0.23 percentage points to 7.45%[7] - Cash and cash equivalents decreased to 2.46 billion from 7.18 billion, a decline of approximately 65.7%[23] - The company reported a decrease in undistributed profits to 42.50 billion from 42.88 billion, a decline of approximately 0.9%[21] - The company’s total equity increased to 101.71 billion from 100.56 billion, reflecting a growth of about 1.1%[21]