SIA(SH:600009)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months dropped by 58.11% to CNY 3.44 billion year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 737.43 million, a decrease of 118.46% compared to the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY 836.53 million, a decline of 122.58% year-on-year[5] - Basic earnings per share were reported at -CNY 0.38, a decline of 118.36% compared to the previous year[5] - Total operating revenue for Q3 2020 was ¥967,738,803.45, a decrease of 64.8% compared to ¥2,752,671,830.32 in Q3 2019[25] - Net profit for Q3 2020 was a loss of ¥351,231,994.43, compared to a profit of ¥1,349,117,838.11 in Q3 2019[27] - Operating profit for Q3 2020 was a loss of ¥524,879,946.56, down from a profit of ¥1,708,118,816.43 in Q3 2019[27] - Total comprehensive income for Q3 2020 was -¥351,231,994.43, compared to ¥1,349,117,838.11 in Q3 2019[29] - The company anticipates a significant decline in operating revenue due to ongoing challenges from the COVID-19 pandemic, with specific impacts still dependent on the progression of the situation[16] Asset and Liability Changes - Total assets decreased by 7.02% to CNY 34.56 billion compared to the end of the previous year[5] - Total assets decreased from CNY 37,171,229,055.74 to CNY 34,561,372,111.33, a decline of approximately 7.3% year-over-year[20] - Current liabilities decreased from CNY 4,714,941,828.39 to CNY 4,519,122,876.75, a reduction of about 4.1%[20] - Total liabilities decreased from CNY 4,721,504,328.39 to CNY 4,525,685,376.75, a decline of about 4.1%[21] - Shareholders' equity decreased from CNY 32,449,724,727.35 to CNY 30,035,686,734.58, a decrease of approximately 7.4%[21] - Non-current assets decreased from CNY 24,703,400,506.90 to CNY 23,101,326,959.09, a decline of about 6.5%[20] - Cash and cash equivalents decreased from CNY 9,897,058,372.12 to CNY 7,901,955,921.01, a decline of about 20.2%[22] - Accounts payable increased significantly from CNY 574,750,388.53 to CNY 900,898,109.95, an increase of approximately 56.6%[20] Receivables and Other Financial Metrics - Accounts receivable increased by 42.40% to CNY 2.37 billion compared to the end of the previous year[9] - Other receivables surged by 380.76% to CNY 352.50 million year-on-year[10] - Deferred tax assets increased significantly by 3,346.27% to CNY 358.11 million due to operating losses[10] - Contract liabilities reached CNY 129.98 million, reflecting an increase due to higher prepayments[10] - The weighted average return on equity decreased by 15.77 percentage points to -2.37%[5] Cash Flow and Investment Activities - Cash received from the sale of goods and services decreased by 62.90% to CNY 3,035,250,777.28, primarily due to the impact of the COVID-19 pandemic on business operations[13] - Investment income decreased by 57.45% to CNY 357,009,614.18, significantly affected by the operational downturn of major investee companies due to the pandemic[11] - The company reported a significant increase of 1,063.33% in cash recovered from investments, amounting to CNY 285,988,067.58, due to the completion of certain projects in the Shanghai Free Trade Zone[13] - The cash inflow from operating activities in the first three quarters of 2020 was approximately ¥3.34 billion, a decrease of 60.2% from ¥8.39 billion in the same period of 2019[35] - The net cash flow from operating activities for Q3 2020 was -836,534,247.25 RMB, a significant decrease compared to 3,704,209,890.22 RMB in Q3 2019[36] - Total cash inflow from investment activities was 1,331,674,664.01 RMB, up from 473,697,835.56 RMB in the same quarter last year[36] Government Support and Subsidies - The company received government subsidies, contributing to an increase in other income, which amounted to CNY 14,113,892.03[11] - The net profit attributable to minority shareholders decreased by 71.88% to CNY 45,636,346.22, reflecting the overall decline in subsidiary profits due to the pandemic[11] Operational Metrics - Passenger throughput at Pudong Airport was 9.957 million, representing 50.6% of the same period last year, while cargo and mail throughput increased by 100.7% to 932,000 tons[14] - The company’s management indicated a focus on cost control and operational efficiency in response to the challenging market conditions[32]