SIA(SH:600009)2014-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 20.26% to CNY 509,647,535.72 year-on-year[9] - Operating revenue grew by 14.54% to CNY 1,360,378,829.48 compared to the same period last year[9] - Basic and diluted earnings per share increased by 18.18% to CNY 0.26 per share[9] - Total operating revenue for Q1 2014 was CNY 1,360,378,829.48, an increase of 14.5% compared to CNY 1,187,695,980.77 in the same period last year[27] - Net profit for Q1 2014 reached CNY 545,075,056.19, representing a 19.2% increase from CNY 456,915,070.79 in Q1 2013[27] - Earnings per share for Q1 2014 were CNY 0.26, compared to CNY 0.22 in the same quarter last year, reflecting a 18.2% growth[27] - Operating profit for Q1 2014 was CNY 605,160,210.56, representing a 22.5% increase from CNY 493,926,511.30 in the previous year[29] - Total comprehensive income for Q1 2014 was CNY 472,603,218.61, an increase of 21.5% from CNY 388,807,216.31 in the same period last year[29] Asset and Liability Management - Total assets increased by 1.33% to CNY 21,197,026,064.31 compared to the end of the previous year[9] - Current assets totaled CNY 7,608,093,467.39, while non-current assets were CNY 13,310,236,002.10, indicating a significant asset structure[23] - The company's total liabilities were CNY 3,404,710,816.43, down from CNY 3,671,089,277.80, showing a decrease of about 7.3%[23] - Shareholders' equity reached CNY 17,792,315,247.88, compared to CNY 17,247,240,191.69 at the start of the year, representing an increase of approximately 3.17%[23] - The total liabilities to equity ratio improved to approximately 0.19, indicating a stronger financial leverage position[23] Cash Flow Analysis - Net cash flow from operating activities decreased by 59.51% to CNY 115,314,817.39 compared to the previous year[9] - Cash received from operating activities related to other income decreased by 58.12% to CNY 57,050,861.82[16] - Cash flow from operating activities for Q1 2014 was CNY 115,314,817.39, a decrease of 59.5% compared to CNY 284,807,918.43 in Q1 2013[32] - Total cash inflow from operating activities was CNY 1,209,691,531.53, while total cash outflow was CNY 1,094,931,216.13, resulting in a net cash inflow of CNY 114,760,315.40[34] - The company reported a significant decrease in cash flow from investment activities, indicating a strategic shift in capital allocation[34] Tax and Financial Expenses - Tax payments increased by 140.43% to CNY 333,346,966.74 compared to the previous year[16] - The company paid higher taxes, mainly due to corporate income tax payments in the current period[19] - Financial expenses decreased significantly due to increased interest income[15] Shareholder and Corporate Governance - The company had a total of 92,971 shareholders at the end of the reporting period[12] - The controlling shareholder committed to not engaging in actions that would create substantial competition with the company, including not seeking new flight routes at Hongqiao Airport[18] - The controlling shareholder has authorized the company to acquire or lease assets at Hongqiao Airport at fair prices to eliminate potential competition[18] - The controlling shareholder has committed to protecting shareholder interests through the integration of aviation-related businesses and assets within a single listed company[19] - The company is currently fulfilling its commitments related to corporate governance and asset management[20] Investment Activities - Cash payments for the acquisition of fixed assets, intangible assets, and other long-term assets decreased, primarily due to reduced payments for the renovation project of Pudong Airport Terminal 1[19] - There were no cash payments for investments in the current period, as there were no similar payments made compared to the previous year[19] - Investment activities resulted in a net cash outflow of CNY 88,959,196.64 in Q1 2014, compared to a net outflow of CNY 202,567,258.19 in the same period last year[32]