Bohai Leasing(000415)2023-04-27 16:00Financial Performance - The company's operating revenue for the first quarter decreased by 0.8 billion yuan, a year-on-year decline of 1.23%, primarily due to a decrease in revenue from aircraft and container sales[5] - The net profit attributable to shareholders of the listed company increased by 9.83 billion yuan, a year-on-year growth of 133.30%, achieving a turnaround from loss to profit[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 10.52 billion yuan, a year-on-year increase of 106.91%[5] - Total operating revenue for the first quarter was CNY 6,509,997,000, a decrease of 1.22% from CNY 6,590,910,000 in the previous period[27] - Net profit for the quarter was CNY 373,167,000, compared to a net loss of CNY 1,006,256,000 in the same period last year[27] - The company reported a total comprehensive income of CNY -455,177,000, compared to CNY -743,983,000 in the previous year, showing an improvement[27] Earnings and Shareholder Metrics - The basic earnings per share for the reporting period was 0.0397 yuan, compared to a loss of 0.1196 yuan in the same period last year, reflecting a 133.19% increase[16] - Earnings per share (EPS) for the quarter was CNY 0.0397, recovering from a loss of CNY 0.1196 in the previous year[27] Cash Flow and Liquidity - The net cash flow from operating activities was 5.53 billion yuan, an increase of 13.63% compared to the same period last year[16] - Operating cash inflow for the period was CNY 6,339,589,000, an increase of 10% from CNY 5,759,444,000 in the previous period[29] - Net cash flow from operating activities reached CNY 5,528,793,000, up 13.6% from CNY 4,865,793,000 year-on-year[29] - Cash inflow from financing activities was CNY 8,263,790,000, down from CNY 9,241,032,000 in the previous period[29] - Net cash flow from financing activities was -CNY 7,079,117,000, worsening from -CNY 3,449,147,000 year-on-year[29] Assets and Liabilities - The total assets at the end of the reporting period were 255.85 billion yuan, a decrease of 2.96% from the end of the previous year[16] - Total assets decreased to CNY 255,845,686,000 from CNY 263,644,323,000, reflecting a decline of approximately 3%[39] - Total liabilities decreased to CNY 213,056,251,000 from CNY 220,371,647,000, a reduction of approximately 3.5%[25] - Total liabilities decreased to CNY 98,794,000,000 from CNY 100,000,000,000, indicating a slight reduction in leverage[39] - Total equity attributable to shareholders was CNY 27,418,408,000, down from CNY 27,728,587,000, indicating a decline of about 1.12%[25] Expenses and Taxation - The income tax expense increased by 2.84 billion yuan, a year-on-year increase of 237.54%, due to the rise in pre-tax profits[18] - The company reported a significant increase in financial expenses, rising to CNY 2,122,833,000 from CNY 1,853,756,000, an increase of 14.5%[27] Impairment and Restructuring - The company recorded a debt restructuring gain of 194.85 million yuan during the reporting period, primarily from repayments related to bankruptcy restructuring clients[17] - The company’s asset impairment losses decreased by 20.66 billion yuan, a year-on-year decline of 92.84%, as there were no similar impairment losses in the current period[18] Investment Activities - Cash outflow from investment activities totaled CNY 1,375,055,000, significantly reduced from CNY 4,065,230,000 in the previous period[29] - Net cash flow from investment activities was -CNY 186,901,000, an improvement from -CNY 2,902,530,000 year-on-year[29] Other Information - The first quarter report of Bohai Leasing Co., Ltd. is unaudited[45] - The board of directors presented the report on April 26, 2023[45] - The company plans to convert approximately USD 16.18 million in rental payments into equity in Hainan Airlines, enhancing its investment strategy[37]