SA(SH:601021)2025-10-30 08:30Financial Performance - Operating revenue for Q3 2025 reached CNY 6,468,504,607, an increase of 6.01% compared to the same period last year[5] - Total profit for the quarter was CNY 1,538,402,231, a decrease of 5.21% year-over-year[5] - Net profit attributable to shareholders was CNY 1,166,888,153, down 6.17% from the previous year[5] - Basic earnings per share for the quarter were CNY 1.20, reflecting a decline of 5.51% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2025 reached CNY 16.77 billion, a 5% increase from CNY 15.98 billion in the same period of 2024[16] - Net profit for the first three quarters of 2025 was CNY 2.34 billion, down 10.3% from CNY 2.60 billion in 2024[16] - Operating profit for the first three quarters of 2025 was CNY 3.09 billion, slightly down from CNY 3.12 billion in 2024[16] - The company reported a decrease in comprehensive income to CNY 2.28 billion in 2025 from CNY 2.69 billion in 2024[17] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 2.40, down from CNY 2.67 in 2024[17] Assets and Liabilities - Total assets at the end of the quarter amounted to CNY 46,526,995,587, representing a 6.14% increase from the end of the previous year[6] - As of September 30, 2025, the total assets of Spring Airlines amounted to RMB 46.53 billion, an increase from RMB 43.84 billion as of December 31, 2024, representing a growth of approximately 6.3%[12] - The total liabilities increased to RMB 28.35 billion from RMB 26.45 billion, reflecting a rise of approximately 7.2%[13] - The current liabilities totaled RMB 10.30 billion, up from RMB 9.05 billion, marking an increase of about 13.8%[13] - The company's total equity attributable to shareholders increased to RMB 18.18 billion from RMB 17.38 billion, a growth of approximately 4.6%[14] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was CNY 5,541,634,283, showing a slight increase of 0.51%[5] - Cash flow from operating activities for the first three quarters of 2025 was CNY 5.54 billion, a marginal increase from CNY 5.51 billion in 2024[18] - The company experienced a net cash outflow from investing activities of CNY 3.82 billion in 2025, an improvement from a net outflow of CNY 5.68 billion in 2024[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,164[10] - The largest shareholder, Shanghai Spring Airlines International Travel Agency, holds 51.52% of the shares, with 33,600,000 shares pledged[10] Other Financial Metrics - The weighted average return on equity decreased to 6.50%, down 0.79 percentage points year-over-year[6] - Government subsidies recognized during the quarter amounted to CNY 15,277,342, contributing to the overall financial performance[8] - The company's cash and cash equivalents decreased to RMB 8.97 billion from RMB 10.22 billion, a decline of about 12.2%[12] - The retained earnings rose to RMB 9.30 billion from RMB 8.18 billion, indicating an increase of about 13.6%[14] - The fixed assets increased to RMB 26.74 billion from RMB 24.92 billion, representing a growth of approximately 7.3%[13] - The company reported a significant increase in prepayments, which rose to RMB 897.41 million from RMB 399.31 million, a growth of approximately 125%[12] - The total non-current assets reached RMB 35.47 billion, up from RMB 31.82 billion, reflecting an increase of about 11.5%[13] - The company's short-term borrowings decreased to RMB 460.25 million from RMB 628.93 million, a decline of approximately 26.8%[13] - Research and development expenses for the first three quarters of 2025 amounted to CNY 123 million, up from CNY 118 million in 2024[16] - Total operating costs for the first three quarters of 2025 were CNY 14.62 billion, an increase of 7% from CNY 13.65 billion in 2024[16]