空港股份(600463) - 2025 Q1 - 季度财报(更正)

Important Notice The company's board, supervisory board, directors, supervisors, and senior management guarantee the truthfulness and completeness of the quarterly report - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibility[2] - The company's principal officer, head of accounting, and accounting department head guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[2] - The first quarter financial statements are unaudited[3] Key Financial Data The company's first quarter 2025 financial performance shows a turnaround in net profit despite a revenue decline, with significant cash flow outflow Key Accounting Data and Financial Indicators In Q1 2025, the company's operating revenue decreased by 6.13% year-over-year, but net profit attributable to shareholders and non-recurring net profit both turned profitable, while operating cash flow saw a significant outflow Key Accounting Data and Financial Indicators for Q1 2025 (Consolidated Statements) | Item | Current Period (RMB) | Prior Period Adjusted (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 152,833,618.10 | 162,812,992.27 | -6.13 | | Net Profit Attributable to Shareholders | 3,754,340.46 | -6,077,921.81 | N/A (Turned Profitable) | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 1,520,912.74 | -8,110,048.63 | N/A (Turned Profitable) | | Net Cash Flow from Operating Activities | -77,064,994.03 | -8,427,586.73 | N/A (Outflow Expanded) | | Basic Earnings Per Share (RMB/share) | 0.0125 | -0.0203 | N/A (Turned Positive) | | Diluted Earnings Per Share (RMB/share) | 0.0125 | -0.0203 | N/A (Turned Positive) | | Weighted Average Return on Net Assets (%) | 0.37 | -0.53 | Increased 0.90 percentage points | | Period-End Indicators | Current Period-End (RMB) | Prior Year-End Adjusted (RMB) | Period-End Change (%) | | Total Assets | 2,758,984,925.88 | 2,679,407,700.87 | 2.97 | | Total Equity Attributable to Shareholders | 986,851,838.78 | 1,057,517,519.89 | -6.68 | Explanation of Retrospective Adjustments or Restatements The company retrospectively adjusted comparative data due to the acquisition of 100% equity in Beijing Tianli Power Heating Co., Ltd. in January 2025, constituting a business combination under common control - In January 2025, the company completed the industrial and commercial registration change for 100% equity of Beijing Tianli Power Heating Co., Ltd., making it a wholly-owned subsidiary[6] - This acquisition constituted a business combination under common control, leading to retrospective adjustments of comparative data in accordance with Accounting Standard No. 33—Consolidated Financial Statements[6] Non-Recurring Gains and Losses Items and Amounts During the reporting period, total non-recurring gains and losses amounted to 2.23 million RMB, primarily from government subsidies, fair value changes of financial assets, and capital occupation fees recognized in current profit or loss Non-Recurring Gains and Losses Items for Q1 2025 | Non-Recurring Gains and Losses Item | Current Period Amount (RMB) | | :--- | :--- | | Government Subsidies Recognized in Current Profit or Loss | 1,317,314.10 | | Gains and Losses from Fair Value Changes of Financial Assets and Liabilities Held by Non-Financial Enterprises, and from Disposal of Financial Assets and Liabilities | 1,371,199.95 | | Capital Occupation Fees Received from Non-Financial Enterprises Recognized in Current Profit or Loss | 943,589.67 | | Other Non-Operating Income and Expenses Apart from the Above | -598,376.88 | | Less: Income Tax Impact | -823,350.01 | | Minority Interests Impact (After Tax) | 23,050.89 | | Total | 2,233,427.72 | Changes and Reasons for Key Accounting Data and Financial Indicators Net profit attributable to shareholders and non-recurring net profit turned profitable, driven by stable heating segment profits and reduced construction segment losses, while operating cash flow significantly decreased due to lower cash receipts from sales - Net profit attributable to shareholders and non-recurring net profit turned profitable, primarily due to stable profitability in the heating segment and a year-over-year reduction in losses from the construction segment[10] - Net cash flow from operating activities significantly decreased, mainly due to a year-over-year reduction in cash received from sales of goods and services[10] Shareholder Information This section provides details on the company's shareholder structure, including the total number of common shareholders and the top ten shareholders' holdings Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 14,339 common shareholders, with Beijing Capital Airport Economic Development Co., Ltd. as the controlling shareholder at 49.32% ownership - As of the end of the reporting period, the total number of common shareholders was 14,339[12] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Ratio (%) | | :--- | :--- | :--- | :--- | | Beijing Capital Airport Economic Development Co., Ltd. | State-owned Legal Person | 147,946,207 | 49.32 | | CDB Financial Leasing Co., Ltd. | State-owned Legal Person | 40,340,700 | 13.45 | | Zhang Mei | Domestic Natural Person | 3,339,000 | 1.11 | | Zhu Hong | Domestic Natural Person | 2,482,500 | 0.83 | | Shanghai Ruichengqian Enterprise Management Consulting Partnership (Limited Partnership) | Domestic Non-State-owned Legal Person | 2,130,100 | 0.71 | | Beijing Air-Hub Xingrong Private Equity Fund Management Co., Ltd. | State-owned Legal Person | 1,791,912 | 0.60 | | Li Jijun | Domestic Natural Person | 1,341,300 | 0.45 | | Tu Yan | Domestic Natural Person | 1,197,700 | 0.40 | | Feng Xudong | Domestic Natural Person | 1,099,800 | 0.37 | | Wen Hongbiao | Domestic Natural Person | 1,015,300 | 0.34 | - Beijing Air-Hub Xingrong Private Equity Fund Management Co., Ltd. is a wholly-owned subsidiary of the controlling shareholder, Beijing Capital Airport Economic Development Co., Ltd., forming a concerted party relationship[12] - Li Jijun holds 110,900 shares through a credit account; Tu Yan holds 1,197,700 shares through a credit account[12] Other Reminders This section addresses any other important operational information that investors should be aware of during the reporting period Other Important Operating Information Requiring Investor Attention During the reporting period, the company had no other significant operating information requiring special investor attention - The company has no other important information regarding its operating conditions during the reporting period that requires investor attention[13] Quarterly Financial Statements This section presents the company's unaudited consolidated and parent company financial statements for the first quarter Type of Audit Opinion The financial statements for this quarter have not been audited - The financial statements for this quarter are unaudited[13] Financial Statements This section details the company's unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2025, reflecting financial position, operating results, and cash flows Consolidated Balance Sheet As of March 31, 2025, consolidated total assets increased by 2.97% from year-end, with significant growth in monetary funds, while total liabilities rose by 9.58% due to increased borrowings, and equity attributable to the parent company decreased by 6.68% Consolidated Balance Sheet Key Data (March 31, 2025 vs December 31, 2024) | Item | March 31, 2025 (RMB) | December 31, 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,758,984,925.88 | 2,679,407,700.87 | 2.97 | | Monetary Funds | 151,401,014.18 | 77,447,757.45 | 95.50 | | Short-term Borrowings | 445,393,607.29 | 280,330,973.35 | 58.88 | | Total Liabilities | 1,766,757,782.24 | 1,612,313,299.50 | 9.58 | | Total Equity Attributable to Parent Company | 986,851,838.78 | 1,057,517,519.89 | -6.68 | Consolidated Income Statement In Q1 2025, consolidated operating revenue decreased by 6.13% year-over-year, but net profit attributable to parent company shareholders turned profitable from a 6.08 million RMB loss to a 3.75 million RMB profit, driven by cost control and non-recurring gains Consolidated Income Statement Key Data (Q1 2025 vs Q1 2024) | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 152,833,618.10 | 162,812,992.27 | -6.13 | | Operating Cost | 102,110,110.47 | 121,343,283.39 | -15.99 | | Administrative Expenses | 26,797,970.70 | 32,498,076.56 | -17.54 | | Operating Profit | 4,055,988.26 | -6,729,040.18 | N/A (Turned Profitable) | | Net Profit Attributable to Parent Company Shareholders | 3,754,340.46 | -6,077,921.81 | N/A (Turned Profitable) | - Fair value change gains turned from a 0.62 million RMB loss in the prior year to a 1.37 million RMB profit[19] - Credit impairment losses significantly increased year-over-year, from -0.34 million RMB to -5.54 million RMB[19] Consolidated Cash Flow Statement In Q1 2025, net cash flow from operating activities saw a significant outflow of 77.06 million RMB due to reduced cash from sales, investment activities had a 74.77 million RMB outflow from subsidiary acquisition, while financing activities had a 215.47 million RMB inflow from increased borrowings Consolidated Cash Flow Statement Key Data (Q1 2025 vs Q1 2024) | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -77,064,994.03 | -8,427,586.73 | N/A (Outflow Expanded) | | Net Cash Flow from Investing Activities | -74,765,840.78 | -3,932,812.29 | N/A (Outflow Expanded) | | Net Cash Flow from Financing Activities | 215,468,437.54 | 17,693,708.65 | 1117.20 | | Net Increase in Cash and Cash Equivalents | 63,637,602.73 | 5,333,309.63 | 1092.00 | - Cash received from sales of goods and services decreased by 25.26 million RMB year-over-year[24] - Net cash paid for acquiring subsidiaries and other business units was 74.42 million RMB[25] - Cash received from borrowings increased by 110.50 million RMB year-over-year[25] Parent Company Balance Sheet As of March 31, 2025, parent company total assets increased by 11.00% from year-end, with significant growth in monetary funds and long-term equity investments due to subsidiary acquisition, while total liabilities rose by 41.82% from increased borrowings, and owner's equity slightly decreased by 0.42% Parent Company Balance Sheet Key Data (March 31, 2025 vs December 31, 2024) | Item | March 31, 2025 (RMB) | December 31, 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,460,968,650.14 | 1,316,378,304.13 | 11.00 | | Monetary Funds | 116,118,872.04 | 27,901,351.87 | 316.10 | | Long-term Equity Investments | 197,836,963.89 | 133,247,793.85 | 48.48 | | Short-term Borrowings | 276,249,625.35 | 170,191,642.01 | 62.32 | | Long-term Borrowings | 125,133,607.50 | 89,400,000.00 | 39.97 | | Total Liabilities | 504,042,010.62 | 355,409,081.30 | 41.82 | | Total Owner's Equity | 956,926,639.52 | 960,969,222.83 | -0.42 | Parent Company Income Statement In Q1 2025, parent company operating revenue grew by 9.40% year-over-year, and net profit increased by 11.50%, primarily driven by revenue growth and the contribution from financial expenses (interest income) Parent Company Income Statement Key Data (Q1 2025 vs Q1 2024) | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 22,947,119.59 | 20,958,037.32 | 9.40 | | Operating Cost | 7,488,002.29 | 5,478,186.69 | 36.69 | | Financial Expenses | -2,848,569.34 | -2,866,321.15 | N/A (Loss Narrowed) | | Net Profit | 5,612,905.71 | 5,033,957.09 | 11.50 | - Financial expenses were negative, mainly because interest income of 6.55 million RMB exceeded interest expenses of 3.70 million RMB[31] Parent Company Cash Flow Statement In Q1 2025, parent company operating cash flow saw a significant inflow of 16.82 million RMB due to increased cash from sales, investment activities had a 74.74 million RMB outflow from subsidiary acquisition, while financing activities had a 146.13 million RMB inflow from increased borrowings Parent Company Cash Flow Statement Key Data (Q1 2025 vs Q1 2024) | Item | Q1 2025 (RMB) | Q1 2024 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 16,824,130.58 | 4,406,346.96 | 281.83 | | Net Cash Flow from Investing Activities | -74,736,621.76 | -509,277.34 | N/A (Outflow Expanded) | | Net Cash Flow from Financing Activities | 146,130,011.35 | -53,204,867.18 | N/A (Turned Positive) | | Net Increase in Cash and Cash Equivalents | 88,217,520.17 | -49,307,797.56 | N/A (Turned Positive) | - Cash received from sales of goods and services increased by 14.38 million RMB year-over-year[34] - Net cash paid for acquiring subsidiaries and other business units was 74.42 million RMB[34] - Cash received from borrowings increased by 88.65 million RMB year-over-year[35] Adjustments to Financial Statements at the Beginning of the First Year of Application of New Accounting Standards or Interpretations from 2025 The company did not adjust its financial statements at the beginning of the first year of application of new accounting standards or interpretations from 2025 - The company was not involved in adjusting its financial statements at the beginning of the first year of application due to the initial adoption of new accounting standards or interpretations[36] Special Announcement This announcement is issued by the Board of Directors of Beijing Capital Airport Technology Park Co., Ltd., signed by Chairman Xia Zijing - This announcement is issued by the Board of Directors of Beijing Capital Airport Technology Park Co., Ltd., signed by Chairman Xia Zijing, dated April 29, 2025[36]