上海机场(600009) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 47.05% to CNY 866.35 million year-on-year[7] - Net profit attributable to shareholders was CNY -436.43 million, a decrease of 641.63% compared to the same period last year[7] - Basic and diluted earnings per share were both CNY -0.23, a decline of 675.00% year-on-year[7] - Operating revenue decreased by 47.05% to ¥866,352,981.97 compared to ¥1,636,291,904.53 in the previous period, primarily due to the impact of the COVID-19 pandemic on international and regional flight volumes[13] - The net profit for Q1 2021 was a loss of ¥420,643,923.75, compared to a profit of ¥114,367,303.39 in Q1 2020, indicating a significant decline[29] - The operating profit for Q1 2021 was a loss of ¥634,992,405.97, compared to a profit of ¥47,916,999.14 in Q1 2020[31] - The company reported a tax expense of -¥187,728,234.90 in Q1 2021, compared to ¥361,826.00 in Q1 2020[31] - The total comprehensive income for Q1 2021 was a loss of ¥420,643,923.75, compared to a gain of ¥114,367,303.39 in Q1 2020[29] Cash Flow - Cash flow from operating activities improved to CNY 79.49 million, compared to CNY -195.79 million in the previous year[7] - Cash received from tax refunds increased by 100% to ¥99,327,514.33, due to the receipt of VAT refunds[14] - Cash received from other operating activities rose by 119.12% to ¥84,933,391.13, driven by increased bank deposit interest and project deposits[14] - Cash paid for various taxes decreased by 93.61% to ¥43,779,044.81, reflecting a reduction in tax payments[14] - Cash paid for other operating activities surged by 842.93% to ¥335,141,062.80, mainly due to increased payments for venue and asset leasing fees[14] - The net cash flow from operating activities for Q1 2021 was ¥79,489,854.48, a significant improvement compared to -¥195,791,640.33 in Q1 2020[35] - The company's cash inflow from operating activities totaled ¥1,533,940,468.45 in Q1 2021, compared to ¥1,703,184,976.85 in Q1 2020, indicating a decrease of approximately 9.9%[36] - The cash outflow for purchasing goods and services was ¥471,646,437.99 in Q1 2021, down from ¥534,598,861.34 in Q1 2020, showing a reduction of about 11.8%[36] Assets and Liabilities - Total assets increased by 58.99% to CNY 52.79 billion compared to the end of the previous year[7] - Total assets as of March 31, 2021, amounted to CNY 52,035,713,666.85, an increase from CNY 32,484,836,883.96 at the end of 2020[26] - Total liabilities as of March 31, 2021, were CNY 23,633,165,126.25, compared to CNY 3,635,021,366.52 at the end of 2020[26] - Total liabilities amounted to CNY 20,255,407,337.83, with current liabilities at CNY 3,611,666,083.90 and non-current liabilities at CNY 16,643,741,253.93[45] - Total assets reached CNY 49,105,222,855.27, with current assets totaling CNY 9,318,538,718.61 and non-current assets at CNY 39,786,684,136.66[45] - Shareholders' equity as of March 31, 2021, was CNY 28,402,548,540.60, down from CNY 28,849,815,517.44 at the end of 2020[26] - Shareholders' equity was reported at CNY 28,849,815,517.44, including paid-in capital of CNY 1,926,958,448.00 and retained earnings of CNY 23,037,562,993.90[46] Shareholder Information - The number of shareholders reached 299,405 by the end of the reporting period[8] - The company’s total equity attributable to shareholders was CNY 29,215,475,240.60[45] Operational Challenges - The company anticipates continued operational pressure due to the ongoing pandemic, with expected losses in future performance[17] - Financial expenses increased significantly due to the implementation of new leasing standards, resulting in interest expenses on lease liabilities[13] - Tax expenses decreased dramatically by 51,983.57% to -¥187,728,234.90, reflecting a substantial decline in operational efficiency due to the pandemic[13] - Minority shareholders' profit decreased by 53.29% to ¥15,782,617.35, attributed to the decline in profits from subsidiaries impacted by the pandemic[13] Investments and Agreements - The company signed a supplementary agreement for the transfer of operating rights for the duty-free shop project at Shanghai Pudong International Airport, generating rental income of ¥0.92 billion during the reporting period[16] - The company adopted the new lease accounting standard starting January 1, 2021, resulting in the recognition of right-of-use assets and lease liabilities[42] - The total amount of lease liabilities recognized was CNY 16,620,385,971.31[45]