SA(SH:601021)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 1.56% to CNY 1,187,877,563 for the year-to-date period[6] - Operating revenue increased by 28.44% to CNY 8,423,208,421 for the year-to-date period[6] - The net profit excluding non-recurring gains and losses surged by 77.72% to CNY 1,067,458,301 for the year-to-date period[6] - Basic and diluted earnings per share were both CNY 1.48, up from CNY 1.46 in the previous year[7] - Net profit for the first nine months of 2017 was ¥5,462,827,746, compared to ¥4,485,191,938 for the same period in 2016, reflecting a growth of 21.8%[34] - The total profit for the first nine months of 2017 was CNY 1,560,218,140, compared to CNY 1,543,450,403 in the previous year, reflecting a slight increase[37] - Operating profit for the first nine months of 2017 was CNY 1,399,659,124, a significant increase from CNY 784,760,238 in the same period last year[37] - Net profit for Q3 2017 was CNY 633,906,738, up 47.5% from CNY 429,505,587 in the same period last year[37] Asset and Liability Management - Total assets increased by 4.46% to CNY 20,522,725,454 compared to the end of the previous year[6] - Total assets as of September 30, 2017, amounted to ¥21,989,366,366, an increase from ¥20,721,417,865 at the beginning of the year[34] - Current assets totaled ¥6,223,299,104, up from ¥4,853,929,158 at the start of the year, indicating a growth of 28.2%[33] - The total liabilities decreased slightly to ¥13,826,647,734 from ¥13,536,335,041 at the beginning of the year[34] - The company’s equity attributable to shareholders increased to ¥8,162,718,632 from ¥7,185,082,824, reflecting a growth of 13.6%[34] Cash Flow Analysis - Net cash flow from operating activities increased by 3.07% to CNY 1,773,570,552 for the year-to-date period[6] - Cash flow from operating activities for the first nine months was CNY 1,773,570,552, compared to CNY 1,720,705,928 in the previous year[42] - Operating cash inflow for the first nine months of 2017 was CNY 11.65 billion, up from CNY 9.10 billion in the same period last year, representing a growth of 28.1%[44] - Net cash flow from operating activities turned negative at CNY -12.11 million, compared to a positive CNY 1.38 billion in the previous year[44] - Cash inflow from financing activities was CNY 2.25 billion, down from CNY 6.12 billion in the previous year[44] - Net cash flow from financing activities was CNY -690.89 million, compared to a positive CNY 2.91 billion in the same period last year[44] - The net increase in cash and cash equivalents for the period was CNY -1.45 billion, contrasting with an increase of CNY 2.01 billion in the previous year[45] - The ending balance of cash and cash equivalents was CNY 1.32 billion, down from CNY 4.00 billion at the end of the same period last year[45] Shareholder Information - The total number of shareholders reached 23,472 by the end of the reporting period[9] - The largest shareholder, Shanghai Spring and Autumn International Travel Agency, holds 62.95% of the shares[9] Operational Costs and Expenses - Operating costs increased by 36.96% from CNY 5,194,944,450 to CNY 7,115,240,733, driven by fleet capacity growth and rising fuel prices[19] - Tax expenses increased by 36.37% from CNY 6,100,080 to CNY 8,318,894, reflecting higher income levels[20] - Sales expenses rose by 31.37% from CNY 173,840,688 to CNY 228,379,810, largely due to increased advertising expenditures[21] Investment and Other Income - Investment income turned positive with a gain of CNY 1,079,551 compared to a loss of CNY 73,526,532 in the previous year, as losses from investments in Spring Airlines Japan were no longer recognized[22] - Other income increased significantly, reflecting a reclassification of government subsidies related to daily operations[22] - Government subsidies recognized in the current period amounted to CNY 102,219,094, primarily from various fiscal subsidies[8] Changes in Receivables and Prepayments - Accounts receivable decreased by 44.34% from CNY 127,179,890 to CNY 70,785,172, primarily due to a reduction in charter receivables and aviation insurance receivables[12] - Prepayments increased by 63.98% from CNY 221,182,649 to CNY 362,687,842, mainly due to increased advance payments for fuel procurement[14] - Other receivables rose by 68.94% from CNY 1,415,669,303 to CNY 2,391,580,359, attributed to an increase in structured deposits[15]