上海机场(600009) - 2020 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,470,139,846.73, a decrease of 54.72% compared to CNY 5,455,110,955.45 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was a loss of CNY 385,786,191.82, down 114.29% from a profit of CNY 2,699,513,722.66 in the previous year[13]. - The net cash flow from operating activities was a negative CNY 639,091,204.22, compared to a positive CNY 2,196,175,310.01 in the same period last year, representing a decrease of 129.10%[13]. - Basic and diluted earnings per share were both -CNY 0.20, a decrease of 114.29% from CNY 1.40 in the same period last year[14]. - The weighted average return on net assets was -1.21%, a decrease of 10.33 percentage points from 9.12% in the previous year[14]. - The company reported a net profit attributable to shareholders of -386 million yuan[19]. - The company reported a significant decrease in minority interests, down 58.20% to CNY 45,223,885.50, due to lower profits from subsidiaries[21]. - The company reported a net loss of CNY 1,951,043,532.64 for the current period, primarily due to profit distribution and comprehensive income losses[82]. Revenue Breakdown - Aviation-related revenue decreased by 58.49% to CNY 840,065,053.00, accounting for 34.01% of total revenue, down from 43.61% in the previous year[26]. - Non-aviation revenue also saw a decline of 52.50%, totaling CNY 1,630,074,793.73, which represented 65.99% of total revenue, compared to 56.39% in the prior year[26]. - The company reported an estimated operating income of 750 million yuan from the Shanghai Pudong International Airport duty-free store project during the reporting period[47]. Operational Metrics - The total number of aircraft takeoffs and landings at Pudong Airport was 139,061, a year-on-year decrease of 45.59%[19]. - Passenger throughput at Pudong Airport was 12.21 million, a year-on-year decrease of 68.05%[19]. - Cargo and mail throughput increased by 0.42% to 1.71 million tons[19]. - The on-time performance rate at Pudong Airport was 90.21%, an increase of 7.24% year-on-year[19]. - The average taxi-out time was reduced to 17.85 minutes, a decrease of 1.28 minutes year-on-year[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 36,007,924,881.40, down 3.13% from CNY 37,171,229,055.74 at the end of the previous year[13]. - The net assets attributable to shareholders of the listed company decreased by 5.96% to CNY 30,096,340,436.34 from CNY 32,004,423,802.08 at the end of the previous year[13]. - Total liabilities rose from CNY 4,721,504,328.39 in December 2019 to CNY 5,421,059,634.29 in June 2020, marking an increase of about 14.83%[67]. - The total equity decreased to CNY 29,564,595,903.74 from CNY 31,515,639,436.38, reflecting a decline of 6.2%[70]. Cash Flow - Cash received from sales of goods and services was CNY 2,256,924,234.14, down 58.00% from CNY 5,373,143,911.82 in the previous year[23]. - Cash flow from operating activities for the first half of 2020 was a net outflow of CNY 639,091,204.22, compared to a net inflow of CNY 2,196,175,310.01 in the first half of 2019[78]. - The total cash and cash equivalents as of June 30, 2020, amounted to ¥9,539,056,168.44, a decrease from ¥10,359,797,684.74 as of December 31, 2019, representing a decline of approximately 7.94%[65]. Investment and Financing - Investment income dropped by 66.16% to CNY 186,023,029.18, significantly impacted by the poor performance of major investee companies due to COVID-19[21]. - The company completed an investment of CNY 60 million in the Lianyi Investment Fund during the reporting period[31]. - The company has no significant equity investments or non-equity investments to report for this period[32]. Risk Factors - The company anticipates a significant decline in operating revenue due to the ongoing impact of the COVID-19 pandemic, with specific effects dependent on the progression of the pandemic[35]. - The company faces macroeconomic risks, industry policy risks, and unique industry risks, which may adversely affect its operations and performance[36]. Corporate Governance - The company appointed Lixin Certified Public Accountants as its financial audit institution for 2020, with an audit fee of 900,000 CNY[42]. - The financial report was approved by the board of directors on August 28, 2020, ensuring governance and oversight[84]. Social Responsibility - The company helped 536 registered impoverished individuals to escape poverty during the reporting period[50]. - The company provided a total of 200,000 yuan in assistance for five projects in the Yunnan province, including party organization construction and pandemic prevention[51].