吉祥航空(603885) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,722,456,111.05, a slight increase of 0.05% compared to CNY 5,719,329,813.85 in the same period last year[3] - Net profit attributable to shareholders decreased by 7.87% to CNY 345,002,708.15 from CNY 374,465,679.54 year-on-year[3] - The net profit after deducting non-recurring gains and losses fell by 29.50% to CNY 262,727,458.86 compared to CNY 372,686,913.65 in the previous year[3] - Basic and diluted earnings per share decreased by 5.88% to CNY 0.16 from CNY 0.17 year-on-year[3] - The company reported a total comprehensive income of CNY 7,105,984.36 for Q1 2025, significantly lower than CNY 23,780,462.18 in Q1 2024, a decrease of 70.15%[21] - Net profit for Q1 2025 was CNY 344,906,924.43, down from CNY 374,366,467.98 in Q1 2024, reflecting a decrease of 7.85%[20] Cash Flow - The net cash flow from operating activities increased by 31.28% to CNY 1,553,273,310.23, up from CNY 1,183,138,640.59 in the same period last year[3] - In Q1 2025, the cash inflow from operating activities was approximately ¥6.99 billion, an increase of 6.6% compared to ¥6.57 billion in Q1 2024[24] - The net cash flow from operating activities in Q1 2025 was ¥1.55 billion, up 31.3% from ¥1.18 billion in Q1 2024[24] - The cash inflow from investment activities in Q1 2025 was ¥447.08 million, compared to only ¥35.57 thousand in Q1 2024[25] - The net cash flow from investment activities in Q1 2025 was ¥445.78 million, a significant improvement from a net outflow of ¥1.06 billion in Q1 2024[25] - The cash inflow from financing activities in Q1 2025 was ¥3.99 billion, down 28.5% from ¥5.59 billion in Q1 2024[25] - The net cash flow from financing activities in Q1 2025 was a negative ¥1.46 billion, worsening from a negative ¥426.02 million in Q1 2024[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 48,394,134,532.54, an increase of 1.23% from CNY 47,806,111,825.78 at the end of the previous year[4] - The company's total assets amounted to CNY 48,394,134,532.54, compared to CNY 47,806,111,825.78 in the previous period, showing an increase of 1.22%[18] - Total liabilities increased to CNY 39,680,984,513.15 from CNY 38,918,869,531.90, marking a growth of 1.96%[18] - The company's total current assets reached RMB 5,123,033,622.76, an increase from RMB 4,573,411,232.96 as of December 31, 2024, reflecting a growth of approximately 12%[16] - The cash and cash equivalents increased to RMB 1,901,633,110.33 from RMB 1,360,293,255.33, representing a growth of about 40%[16] Shareholder Information - The company has repurchased a total of 14,082,828 shares, accounting for 0.64% of the total share capital, with a total expenditure of RMB 181,171,860.03[14] - The maximum repurchase price was RMB 13.46 per share, while the minimum was RMB 12.24 per share[14] - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives, with a total repurchase budget between RMB 25 million and RMB 50 million[13] - The top shareholder, Shanghai Junyao (Group) Co., Ltd., holds 1,020,862,080 shares, representing a significant portion of the company's equity[12] - The company has a diverse shareholder base, with several institutional investors holding substantial stakes, including China Everbright Bank and Industrial Bank[12] Operational Performance - Total operating costs increased to CNY 5,632,190,655.51 in Q1 2025 from CNY 5,408,757,835.41 in Q1 2024, representing a rise of 4.14%[20] - Research and development expenses for Q1 2025 were CNY 10,193,522.89, down from CNY 13,284,825.05 in Q1 2024, a reduction of 23.16%[20] - The company reported an increase in accounts receivable to RMB 636,798,716.82 from RMB 494,525,146.01, indicating improved sales performance[16] - The company is actively engaged in strategic initiatives, including share repurchase programs, to enhance shareholder value and support stock price stability[13] Non-Recurring Items - Non-recurring gains and losses for the period totaled CNY 82,275,249.29 after tax, with significant contributions from government subsidies and other non-operating income[7] - The company completed the acquisition of several aircraft leasing companies in June 2024, which may impact future financial performance[4]