XIAC(SH:600897)2014-08-28 16:00Financial Performance - The company achieved operating revenue of CNY 673.48 million, an increase of 11.54% compared to the same period last year[21]. - The net profit attributable to shareholders reached CNY 237.79 million, reflecting a growth of 14.93% year-on-year[21]. - Passenger throughput reached 10.285 million, marking a 7.61% increase compared to the previous year[23]. - Revenue for the current period reached ¥673,478,767.96, an increase of 11.54% compared to ¥603,776,768.39 in the same period last year[25]. - Operating costs increased to ¥308,707,838.30, reflecting a 9.88% rise from ¥280,949,952.12 year-over-year[25]. - The company reported a net cash flow from operating activities of CNY 275.90 million, an increase of 8.39% year-on-year[21]. - The company reported a net profit of CNY 237,790,840.79 for the first half of 2014, contributing to total equity of CNY 2,751,167,559.67[85]. - The net profit for the current period is CNY 206,902,914.91, with a decrease of CNY 90,757,014.91 compared to the previous period[88]. - The total revenue for the reporting period was RMB 4,542.84 million, with a net profit of RMB 1,916.76 million for Xiamen International Airport Cargo Station Co., Ltd.[42]. Asset Management - The total assets of the company increased to CNY 3.199 billion, up 4.21% from the end of the previous year[21]. - The total assets as of June 30, 2014, amounted to CNY 1,613,730,239.38, an increase from CNY 1,470,834,536.56 at the beginning of the year[61]. - Total assets increased to CNY 3,199,211,725.55, up from CNY 3,069,859,482.36, representing a growth of approximately 4.23%[63]. - The total fixed assets at the end of the period amount to CNY 2,218,871,048.65, with a net value of CNY 1,155,907,194.95 after depreciation[174]. - The total amount of capital contributions from owners is CNY 297,810,000.00, consistent with the previous year[93]. Cash Flow and Investments - The company reported a cash dividend distribution of RMB 134,014,500.00, amounting to RMB 4.5 per 10 shares based on the total share capital of 29,781,000 shares as of December 31, 2013[44]. - Cash received from investment recoveries was ¥1,746,000,000.00, up 115.56% from ¥810,000,000.00 in the previous year[29]. - The company aims for a revenue target of ¥1.4 billion and to control operating costs within ¥700 million for 2014[30]. - The company recorded operating external income of ¥4,785,001.82, up from ¥3,018,794.66, indicating a growth of approximately 58.5%[72]. - Total cash inflow from investment activities reached CNY 1,165,595,780.83, up from CNY 705,896,828.08, marking a significant increase of 65%[81]. Liabilities and Equity - Current liabilities totaled CNY 329,131,890.67, compared to CNY 316,015,864.17 at the beginning of the year, reflecting an increase of about 4.00%[64]. - The company reported a total liability of CNY 331,470,387.19, compared to CNY 318,691,922.69, reflecting an increase of about 4.00%[64]. - The total owner's equity at the end of the current period is CNY 2,515,714,935.14, reflecting an increase from the previous year's total of CNY 2,348,484,683.13[90]. - The total owner's equity attributable to shareholders was CNY 2,655,917,686.85, up from CNY 2,552,141,346.06, indicating a growth of approximately 4.06%[64]. Operational Efficiency - The company maintained a zero incident rate for flight accidents and ground safety incidents during the reporting period[22]. - The weighted average return on net assets was 8.98%, a slight decrease of 0.03 percentage points from the previous year[19]. - The company is focusing on enhancing customer care and improving service levels through hardware upgrades and marketing efforts[22]. - The company is focusing on enhancing core competitiveness by improving infrastructure, customer experience, and brand management[35]. - The company completed the profit distribution work on June 19, 2014[44]. Governance and Compliance - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[96]. - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position accurately[97]. - The company has no changes in accounting policies or estimates during the reporting period[139]. - The company has no major litigation, arbitration, or media scrutiny during the reporting period[46]. Related Party Transactions - Total related party transactions amounted to ¥82,376,454.66, with significant transactions including service fees and rental agreements[47]. - The company charged water and electricity fees totaling ¥9,682,287.10 to Xiamen Xiangye Group and its subsidiaries[48]. - The total amount of receivables from related parties is CNY 7,832,270.95, accounting for 43.31% of other receivables[163]. Inventory and Receivables - Accounts receivable increased to ¥257,745,201.39, representing 8.06% of total assets, up from 5.92% last year, primarily due to growth in main business revenue[25][27]. - The inventory at the end of the period is valued at CNY 271,843.62, down from CNY 337,327.20 at the beginning of the period[169]. - The total accounts receivable at the end of the period amounted to ¥271,050,978.47, with a bad debt provision of ¥13,305,777.08, representing 4.91% of the total[150]. Employee and Tax Liabilities - The total tax liabilities increased from CNY 47,150,104.93 to CNY 64,463,785.38, representing an increase of approximately 36.7%[196]. - The company reported a significant increase in employee compensation liabilities, with the total rising from CNY 55,814,863.26 to CNY 49,753,862.19, reflecting a decrease of about 10.8%[194].