JUNEYAOAIR(SH:603885)2025-10-30 08:40Financial Performance - The company's operating revenue for Q3 2025 was CNY 6,413,150,590.13, a decrease of 1.88% compared to the same period last year[3]. - Total profit for the quarter was CNY 779,182,676.47, down 24.49% year-on-year[3]. - Net profit attributable to shareholders was CNY 583,928,595.95, reflecting a decline of 25.29% compared to the previous year[3]. - The basic earnings per share for the quarter was CNY 0.27, a decrease of 25.00% year-on-year[3]. - The company's net profit attributable to shareholders decreased by 14.28% compared to the same period last year, primarily due to reduced domestic capacity and increased engine maintenance costs[12]. - Operating profit for the first three quarters of 2025 is CNY 1,356,737,742.08, down from CNY 1,597,352,837.48 in 2024, reflecting a decline of 15.1%[22]. - The net profit for the first three quarters of 2025 is CNY 1,089,199,490.66, a decrease of 14.2% compared to CNY 1,270,648,655.62 in the same period of 2024[22]. - The basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.50, down from CNY 0.58 in the same period of 2024[23]. Assets and Liabilities - Total assets at the end of the quarter amounted to CNY 49,893,681,716.62, an increase of 4.37% from the end of the previous year[4]. - The company's total assets reached RMB 49,893,681,716.62 as of September 30, 2025, up from RMB 47,806,111,825.78 at the end of 2024, reflecting an increase of approximately 4.4%[20]. - The company's total liabilities as of September 30, 2025, amounted to RMB 40,077,427,143.98, compared to RMB 38,918,869,531.90 at the end of 2024, indicating an increase of about 3%[19]. - Long-term borrowings increased to RMB 5,849,786,137.47 as of September 30, 2025, compared to RMB 3,990,552,278.07 at the end of 2024, indicating a rise of about 46.5%[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,234[9]. - The company has a significant shareholder, Wang Junjin, holding 36.14% of Shanghai Junyao Group and 4.887% of Shanghai Junyao Aviation Investment[11]. - The top ten shareholders hold a total of 1,020,862,080 shares, representing a significant portion of the company's equity[11]. - The company has not engaged in any financing or securities lending activities with its top ten shareholders[11]. - The company has not disclosed any related party transactions among the top shareholders[11]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date was CNY 5,434,142,462.94, an increase of 6.98%[3]. - Cash inflow from financing activities for the first three quarters of 2025 is CNY 13,898,126,461.92, an increase from CNY 10,572,980,409.50 in 2024[28]. - The company reported a net cash outflow from financing activities of CNY 3,817,997,908.84 in the first three quarters of 2025, compared to CNY 4,572,098,089.15 in 2024, indicating an improvement[28]. - The company incurred a net cash outflow from investing activities of CNY 208,157,052.79 in the first three quarters of 2025, compared to a larger outflow of CNY 411,846,427.92 in 2024[27]. - Cash and cash equivalents increased significantly to RMB 2,877,146,876.99 as of September 30, 2025, from RMB 1,360,293,255.33 at the end of 2024, representing a growth of approximately 111.4%[17]. Share Repurchase - The company plans to repurchase shares with a total amount not less than RMB 250 million and not exceeding RMB 500 million, with a repurchase price cap of RMB 15.80 per share[12]. - The share repurchase price cap was adjusted to RMB 15.7017 per share starting from June 4, 2025[13]. - The company approved the cancellation of 15 million repurchased shares, reducing the total share capital from 2,199,005,268 shares to 2,184,005,268 shares[14]. - As of September 30, 2025, the company has repurchased a total of 35,296,686 shares, accounting for 1.62% of the total share capital of 2,184,005,268 shares, with a total expenditure of RMB 447,953,924.73[15]. - The company’s share repurchase account holds 30,676,190 shares, accounting for 1.40% of the total share capital at the end of the reporting period[11]. - The company is focused on employee stock ownership plans and equity incentives through the repurchased shares[12]. Operating Costs and Revenue - Operating revenue for the first three quarters of 2025 was RMB 17,480,332,835.34, slightly down from RMB 17,491,553,320.48 in the same period of 2024, reflecting a decrease of approximately 0.06%[21]. - Total operating costs for the first three quarters of 2025 rose to RMB 16,875,875,003.26, compared to RMB 16,459,802,995.99 in 2024, marking an increase of about 2.5%[21]. - Total revenue from operating activities for the first three quarters of 2025 is CNY 21,398,759,662.82, slightly up from CNY 21,083,976,176.80 in 2024[27].