Airport Corp(SH:600463)2014-08-26 16:00Financial Performance - The company achieved operating revenue of CNY 379.26 million, a decrease of 9.48% compared to the same period last year[16]. - The net profit attributable to shareholders was CNY 29.04 million, down 34.78% year-on-year[16]. - The basic earnings per share decreased by 34.78% to CNY 0.12 from CNY 0.18 in the same period last year[16]. - Operating revenue decreased by 9.48% to ¥379,259,538.92 compared to ¥418,959,568.44 in the same period last year[22]. - Net profit decreased by 34.46% to ¥29,339,361.12 compared to ¥44,768,795.37 in the same period last year[30]. - The company reported a total of 600 million RMB in expected daily related transactions for 2014, adhering to regulatory guidelines[46]. - The cumulative amount of daily related transactions in the first half of 2014 was 6.43 million RMB, with significant transactions including 402.65 million RMB for heating services[47]. - The company distributed a cash dividend of CNY 2,520,000.00 to shareholders, based on a total of 25,200,000 shares[41]. - The company reported a net profit margin of 15%, up from 12% in the previous quarter, indicating improved operational efficiency[103]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2.55 billion, a decline of 3.32% compared to the previous year[16]. - The company’s net assets attributable to shareholders increased by 0.49% to CNY 785.28 million[16]. - The company’s total assets were CNY 2,552,289,398.01, down from CNY 2,639,993,990.58 at the beginning of the year, indicating a decrease of approximately 3.3%[64]. - Total liabilities amounted to CNY 1,719,841,223.35, down from CNY 1,811,685,177.04 at the start of the year, reflecting a decrease of approximately 5.1%[64]. - Current liabilities increased to CNY 1,445,137,238.75, compared to CNY 1,185,554,301.08 at the beginning of the year, marking an increase of about 21.9%[64]. - Long-term borrowings decreased significantly to CNY 249,800,000.00 from CNY 600,000,000.00, a reduction of approximately 58.3%[64]. Cash Flow - Net cash flow from operating activities improved significantly, increasing by 133.55% to ¥80,737,912.37 from a negative cash flow of -¥240,649,396.27 in the previous year[22]. - The company reported a net cash inflow from operating activities of CNY 80,737,912.37, compared to a net outflow of CNY 240,649,396.27 in the same period last year[77]. - Cash and cash equivalents decreased from 457,762,561.45 RMB at the beginning of the year to 432,080,340.37 RMB at the end of the reporting period, a decline of approximately 5.6%[62]. - The ending balance of cash and cash equivalents is ¥221,032,356.96, down from ¥277,514,557.13 in the previous period[81]. Investments and Development - The company completed the preliminary procedures for 191.03 acres of land in the Airport C District for development[20]. - The company obtained sales permits for the third phase of the Airport Enterprise Park[20]. - The company reported a significant increase in long-term receivables, rising by 99.26% to ¥99,630,000.00 from ¥50,000,000.00 year-on-year[29]. - Investment property increased by 35.90% to ¥510,377,299.68 from ¥375,547,294.27 year-on-year[29]. - The company has a registered capital of CNY 29 million for its wholly-owned subsidiary, Beijing Airport Tianrui Real Estate Investment Co., Ltd., which focuses on real estate development[183]. Operational Efficiency - The company implemented an internal control system to enhance operational efficiency and risk management[19]. - The company enhanced property management and leasing operations to improve revenue levels[20]. - The company plans to issue short-term financing bonds not exceeding ¥270 million, as approved in a previous shareholders' meeting[25]. - The company has maintained compliance with commitments to avoid competition in industrial land development as per the commitment letter issued by its controlling shareholder[50]. Legal and Regulatory Matters - The company is currently involved in a civil lawsuit with Beijing Lvzhu Technology Development Co., with a claim amounting to 24,160,450.05 RMB[45]. - The company’s legal proceedings are currently under review, with an appeal ongoing regarding the initial court ruling[45]. - The company has not faced any penalties or criticisms from regulatory bodies during the reporting period[50]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,584[54]. - The largest shareholder, Beijing Tianzhu Airport Industrial Development Company, holds 58.25% of the shares, totaling 146,781,790 shares[54]. Accounting Policies and Compliance - The financial statements for the first half of 2014 comply with the requirements of the accounting standards, reflecting the company's financial status accurately[98]. - The company has no changes in accounting policies or estimates for the current year[180]. - The company has no prior period accounting errors to correct in the current year[181].