BEIJING AIRPORT(00694)2024-04-30 09:28Financial Performance - The company reported an operating revenue of RMB 1,330,855,660.89 for the three months ending March 31, 2024, compared to RMB 844,586,805.38 in the same period of 2023, representing a year-over-year increase of approximately 57.5%[5] - The operating loss for the same period was RMB 149,573,723.26, significantly improved from a loss of RMB 551,217,575.81 in the previous year[5] - The company’s net loss for the three months was RMB 149,170,603.57, an improvement from a net loss of RMB 551,170,567.86 in the same period last year[5] Assets and Liabilities - Total assets as of March 31, 2024, amounted to RMB 32,805,118,005.93, a slight increase from RMB 32,589,339,015.34 as of December 31, 2023[3] - Current assets increased to RMB 3,589,795,932.11 from RMB 3,015,656,034.22, reflecting a growth of approximately 19%[3] - Total liabilities reached RMB 18,066,483,997.27, compared to RMB 17,701,534,403.11 at the end of 2023, marking an increase of about 2.1%[4] - Short-term borrowings increased to RMB 7,278,125,139.96 from RMB 6,564,715,088.89, representing an increase of approximately 10.9%[4] Cash Flow and Liquidity - Operating cash flow for the three months ended March 31, 2024, was a net outflow of RMB 113,296,349.42, compared to a net outflow of RMB 764,380,211.33 for the same period in 2023, representing a significant improvement[6] - Cash inflow from financing activities increased to RMB 2,911,381,058.72 for the three months ended March 31, 2024, up from RMB 800,000,000.00 in the same period of 2023, indicating strong financing support[7] - The company reported a net increase in cash and cash equivalents of RMB 316,175,847.38 for the three months ended March 31, 2024, compared to a net decrease of RMB 145,803,375.89 in the same period of 2023[7] - Total cash and cash equivalents at the end of the reporting period reached RMB 1,597,981,706.07, an increase from RMB 1,444,609,507.27 at the end of the same period in 2023[7] Cost Management and Investments - Cash outflow for purchasing goods and services was RMB 1,061,497,508.61, slightly lower than RMB 1,085,025,493.92 in the same period of 2023, reflecting improved cost management[6] - Cash inflow from operating activities totaled RMB 1,255,032,078.88, significantly higher than RMB 588,547,802.97 in the same period of 2023, indicating strong sales performance[6] - Cash outflow for employee payments increased to RMB 262,140,281.64 from RMB 230,402,114.45 year-over-year, suggesting a rise in workforce costs[6] - Cash outflow for investment activities was RMB 185,717,756.68, up from RMB 99,649,693.43 in the same period of 2023, indicating increased investment in long-term assets[6] - Total cash inflow from investment activities was RMB 1,861,588.21, down from RMB 3,512,458.53 in the same period of 2023, reflecting a decrease in investment returns[6] Foreign Exchange Impact - The company experienced a foreign exchange impact of RMB 34,073.90 on cash and cash equivalents, contrasting with a negative impact of RMB 266,307.77 in the same period of 2023, showing improved currency stability[7] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1] - The company issued RMB 1.5 billion in three-year medium-term notes in September 2023 to enhance liquidity[1]