GBIAC(SH:600004)2018-04-20 16:00Financial Performance - Net profit attributable to shareholders rose by 6.12% to CNY 432.83 million year-on-year[5] - Operating revenue grew by 8.84% to CNY 1.72 billion compared to the same period last year[5] - Net cash flow from operating activities increased by 43.45% to CNY 636.54 million year-on-year[5] - Total operating revenue for Q1 2018 was CNY 1,723,798,620.17, an increase of 8.8% compared to CNY 1,583,747,526.69 in the same period last year[30] - Net profit for Q1 2018 reached CNY 436,436,314.20, representing a 6.2% increase from CNY 410,774,438.58 in Q1 2017[32] - Operating profit for the period was CNY 552,082,512.69, up 24.6% from CNY 443,339,904.54 in the previous year[34] - Total comprehensive income for Q1 2018 was CNY 415,908,944.10, compared to CNY 369,431,639.56 in the same quarter last year, marking a rise of 12.6%[36] Assets and Liabilities - Total assets increased by 4.24% to CNY 23.48 billion compared to the end of the previous year[5] - Current assets totaled RMB 4.46 billion, up from RMB 4.11 billion, indicating a growth of about 8.4%[19] - Non-current assets reached RMB 19.02 billion, compared to RMB 18.41 billion at the start of the year, representing an increase of approximately 3.3%[19] - Total liabilities were RMB 7.93 billion, an increase from RMB 7.42 billion, showing a growth of around 6.9%[21] - Total liabilities increased to CNY 9,006,220,243.32 from CNY 8,450,085,692.74, indicating a rise of 6.5%[28] - The company reported a total equity of RMB 15.55 billion, up from RMB 15.10 billion, reflecting an increase of about 3.0%[21] - Total equity rose to CNY 14,115,866,672.15, up from CNY 13,681,611,783.79, marking an increase of 3.2%[28] Shareholder Information - The total number of shareholders reached 45,620 by the end of the reporting period[11] - The largest shareholder, Guangdong Airport Management Group, holds 51.05% of the shares[11] Cash Flow and Investments - Cash flow from operating activities generated a net amount of CNY 636,535,663.17, an increase of 43.5% compared to CNY 443,738,332.73 in Q1 2017[37] - Cash inflow from financing activities totaled CNY 450,000,000.00, compared to CNY 1,000,000,000.00 in the previous period[43] - Investment activities resulted in a net cash outflow of CNY 665,183,274.41, compared to a net outflow of CNY 785,337,946.10 in Q1 2017[39] - Cash outflow for investment activities was CNY 661,294,519.10, a decrease of 18.1% from CNY 807,779,843.64 in the previous period[41] Operational Efficiency - The company’s cash flow from operating activities remains strong, supporting ongoing investments and operational needs[30] - The company incurred asset impairment losses of CNY 11,500,441.42, an increase from CNY 9,466,465.86 in the previous year[34] - The company’s financial expenses showed a decrease, with a net financial cost of CNY -5,158,955.50, compared to CNY -2,101,679.75 in the previous year[30] - The company reported a decrease in sales expenses to CNY 11,448,104.55 from CNY 15,965,115.81, a reduction of 28.5% year-over-year[34] - Management expenses decreased to CNY 43,720,774.86 from CNY 51,503,694.74, reflecting a decline of 15.1% compared to the previous year[34] Future Investments - The company plans to invest CNY 13.56 billion in the airport expansion project, expected to be operational by April 2018[14]