2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 48,454,050,000, down 52.99% year-on-year[6] - Net profit attributable to shareholders of the listed company was negative CNY 10,111,847,000, a decline of 249.54% year-on-year[6] - Basic earnings per share for the period was negative CNY 0.74, a decrease of 251.02% compared to the previous year[7] - The weighted average return on net assets was -11.56%, a decrease of 19.01 percentage points year-on-year[7] - Total operating revenue for Q3 2020 was CNY 18,808,284, a decrease of 50.2% compared to CNY 37,764,085 in Q3 2019[26] - Net profit for Q3 2020 was a loss of CNY 600,082, compared to a profit of CNY 4,107,211 in Q3 2019[27] - The company reported a total comprehensive income of CNY -1,381,287 for Q3 2020, compared to CNY 4,688,759 in Q3 2019[28] - Total comprehensive income for Q3 2020 was CNY 184,677 thousand, down from CNY 2,721,785 thousand in Q3 2019[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 290,845,914,000, a decrease of 1.16% compared to the end of the previous year[6] - Net assets attributable to shareholders of the listed company decreased by 13.00% to CNY 81,350,516,000[6] - Total liabilities increased significantly, with short-term financing bonds rising by 104.23% to CNY 15.08 billion[13] - Current liabilities increased from 77,629,717 to 87,549,648, an increase of about 12%[21] - Total liabilities increased from 192,876,910 to 203,163,235, an increase of approximately 5.9%[21] - Total current assets decreased from 16,266,387 to 14,871,007, a decrease of about 8.6%[23] - Cash and cash equivalents decreased from 6,782,234 to 4,888,067, a decline of approximately 28%[23] Cash Flow - Net cash flow from operating activities was negative CNY 1,784,564,000, a decrease of 105.93% compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2020 was negative CNY 1,784,564 thousand, contrasting with positive cash flow of CNY 30,103,490 thousand in the same period of 2019[31] - Cash inflow from operating activities totaled 30,679,362 thousand RMB, down from 74,444,865 thousand RMB in the previous year[34] - The net cash flow from financing activities was positive at 14,804,963 thousand RMB, contrasting with a negative -19,799,620 thousand RMB in the prior year[32] Government Support and Cost Control - The company received government subsidies amounting to CNY 90,664,000 during the reporting period[8] - The company has implemented cost control measures to mitigate the impact of the pandemic, focusing on optimizing revenue management and reducing operational costs[12] Shareholder Information - The total number of shareholders at the end of the reporting period was 189,677[9] - The largest shareholder, China National Aviation Holding Company, held 40.98% of the shares, with 127,445,536 shares frozen[10] Investment and Research - The company reported a significant decline in investment income, with a loss of CNY 3.67 billion compared to a profit of CNY 0.98 billion in the same period last year, a decrease of 473.78%[15] - Research and development expenses for Q3 2020 were CNY 58,788, an increase of 20.5% from CNY 48,676 in Q3 2019[26] - Research and development expenses for the first three quarters of 2020 were CNY 76,133 thousand, a decrease from CNY 100,349 thousand in the same period of 2019[29]