海南机场(600515) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,090,223,033.41, a decrease of 8.61% compared to CNY 1,192,917,614.79 in the same period last year[4] - Net profit attributable to shareholders decreased by 54.09% to CNY 100,391,806.76 from CNY 218,693,347.60 year-on-year[4] - The basic and diluted earnings per share were both CNY 0.0088, down 53.93% from CNY 0.0191 in the previous year[5] - The weighted average return on equity was 0.42%, a decline of 0.52 percentage points from 0.94%[5] - Operating profit for Q1 2025 was CNY 149,121,752.89, down 45.5% from CNY 273,820,319.18 in Q1 2024[19] - Total profit for Q1 2025 was CNY 150,702,081.66, compared to CNY 273,489,700.32 in Q1 2024, indicating a decline of 45.0%[19] - The net profit for the first quarter of 2025 was ¥142,760,532.78, a decrease of 42.5% compared to ¥248,231,570.23 in the first quarter of 2024[20] - The net profit attributable to shareholders of the parent company was ¥100,391,806.76, down 54.0% from ¥218,693,347.60 year-over-year[20] - The total comprehensive income for the first quarter was -¥43,702,531.15, compared to ¥326,508,669.93 in the same period last year[20] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 881,349,981.44, compared to negative CNY 490,530,348.72 in the same period last year[4] - Cash inflows from operating activities totaled ¥1,280,702,238.31, while cash outflows were ¥2,162,052,219.75, resulting in a significant cash flow deficit[22] - Investment activities generated a net cash outflow of -¥1,065,729,639.26, compared to -¥255,738,728.44 in the first quarter of 2024[23] - Financing activities produced a net cash inflow of ¥318,183,513.11, a recovery from a net outflow of -¥40,715,084.97 in the same quarter last year[23] - As of March 31, 2025, the company's total current assets amounted to RMB 20.81 billion, a slight decrease from RMB 21.00 billion at the end of 2024[15] - Cash and cash equivalents stood at RMB 4.25 billion, down from RMB 4.99 billion at the end of 2024[15] - The total cash and cash equivalents at the end of the period were ¥1,628,091,418.71, a decrease from ¥4,495,277,650.38 at the end of the first quarter of 2024[23] Liabilities and Equity - The total liabilities decreased from CNY 28,013,284,159.03 in the previous period to CNY 27,212,866,413.79[17] - Non-current liabilities totaled CNY 17,489,783,869.21, slightly up from CNY 17,309,646,541.10[17] - Total assets at the end of the reporting period were CNY 53,156,048,540.94, a decrease of 1.00% from CNY 53,691,111,395.90 at the end of the previous year[5] - Total assets decreased from CNY 53,691,111,395.90 to CNY 53,156,048,540.94, reflecting a decline of 1.0%[17] Business Operations - In Q1 2025, the company managed 9 airports, achieving 48,200 aircraft movements, 7.9959 million passenger throughput, and 45,200 tons of cargo, representing year-on-year growth of 13.28%, 8.61%, and 6.35% respectively[13] - Sanya Phoenix International Airport, the company's core airport, recorded 39,400 aircraft movements, 7.0494 million passengers, and 4.05 million tons of cargo, with year-on-year increases of 16.39%, 9.73%, and 9.61% respectively[13] - The airport management business generated revenue of RMB 570 million in Q1 2025, reflecting a year-on-year growth of 9.82%[14] - The real estate business, however, saw a revenue decline of 54.6%, with earnings of RMB 113 million compared to the previous year[14] - The decline in net profit was primarily due to decreased income from real estate operations and reduced investment income from joint ventures[8] - The company has committed to maintaining steady growth in its airport operations while strategically reducing its real estate exposure[14] - The company plans to continue focusing on its airport operations and advance its "de-real estate" strategy for sustainable high-quality development[14] Financial Expenses and Income - Total operating costs increased to CNY 986,896,541.11 in Q1 2025, up from CNY 974,229,001.88 in Q1 2024, reflecting a rise of 1.7%[19] - Financial expenses in Q1 2025 were CNY 120,912,167.67, significantly higher than CNY 54,167,475.47 in Q1 2024, marking an increase of 123.0%[19] - Tax and additional charges decreased to CNY 49,376,234.99 in Q1 2025 from CNY 77,674,632.86 in Q1 2024, a reduction of 36.4%[19] - Investment income for Q1 2025 was a loss of CNY 6,496,260.54, compared to a gain of CNY 17,552,944.13 in Q1 2024[19] Accounting Standards - The company did not apply new accounting standards starting from 2025[24]