SA(SH:601021)2025-04-29 12:43Financial Performance - Total operating revenue for Q1 2025 was CNY 5,317,122,280, an increase of 2.88% compared to CNY 5,168,038,809 in the same period last year[4]. - Net profit attributable to shareholders decreased by 16.39% to CNY 677,135,765 from CNY 809,908,774 year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.69, down 16.87% from CNY 0.83 in the same period last year[4]. - Operating profit for Q1 2025 was CNY 892,616,708, slightly up from CNY 887,044,277 in Q1 2024[14]. - Other comprehensive income after tax for Q1 2025 was CNY -85,372,923, compared to CNY -17,917,773 in Q1 2024[15]. Cash Flow and Liquidity - Net cash flow from operating activities fell by 55.75% to CNY 453,659,406, primarily due to changes in ticket pre-sale timing and increased operational costs[4][6]. - Cash flow from operating activities for Q1 2025 was CNY 453,659,406, down 55.8% from CNY 1,025,295,337 in Q1 2024[16]. - Cash and cash equivalents at the end of Q1 2025 totaled CNY 7,398,190,408, compared to CNY 10,264,950,664 at the end of Q1 2024[17]. - The company reported a net cash outflow from investing activities of CNY 1,532,435,090 in Q1 2025, an improvement from CNY 2,085,817,389 in Q1 2024[17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 45,433,939,081, reflecting a 3.65% increase from CNY 43,835,011,780 at the end of the previous year[5]. - The company's cash and cash equivalents reached RMB 10,860,873,482, up from RMB 10,223,808,981, indicating an increase of about 6.26%[12]. - Total current liabilities were RMB 9,122,739,729, slightly up from RMB 9,048,743,906, representing an increase of approximately 0.81%[13]. - The company's total liabilities increased to RMB 27,646,311,461 from RMB 26,454,116,508, marking a rise of about 4.51%[13]. - The equity attributable to shareholders rose to RMB 17,787,627,620 from RMB 17,380,895,272, showing an increase of approximately 2.34%[13]. - The company's total non-current assets reached RMB 32,640,592,662, up from RMB 31,822,219,970, indicating an increase of about 2.58%[13]. Operational Efficiency and Strategy - The company plans to enhance operational efficiency and expand market presence in the upcoming quarters[4]. - The decline in net profit and cash flow is attributed to increased operational costs and timing differences in revenue recognition[6]. Shareholder Information - The company reported a total of 10 major shareholders, with Shanghai Spring and Autumn International Travel Agency holding 51.52% of shares[9]. Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose to RMB 165,381,447 from RMB 125,591,132, reflecting a growth of about 31.67%[12]. - The company's inventory increased to RMB 362,548,485 from RMB 355,059,684, indicating a growth of approximately 2.08%[12]. Borrowings - The long-term borrowings increased to RMB 15,025,021,205 from RMB 13,811,699,069, representing a rise of about 8.77%[13]. - The company’s retained earnings increased to RMB 8,857,555,645 from RMB 8,180,419,880, reflecting a growth of approximately 8.25%[13].