SIA(SH:600009)2021-10-22 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥943,518,774.40, representing a decrease of 2.5% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was -¥510,363,360.13, with a year-to-date net profit of -¥1,251,080,892.00, indicating a significant decline due to the ongoing impact of the COVID-19 pandemic[4]. - The basic and diluted earnings per share for Q3 2021 were both -¥0.27, reflecting increased pandemic-related expenditures[5]. - Total operating revenue for the first three quarters of 2021 was CNY 2,747,381,812.72, a decrease from CNY 3,437,878,650.18 in the same period of 2020, representing a decline of approximately 20.1%[20]. - The net profit for Q3 2021 was -1,180,266,480.86 CNY, compared to -691,794,300.75 CNY in Q3 2020, indicating a significant increase in losses[22]. - The total profit for Q3 2021 was -1,771,050,784.64 CNY, compared to -1,039,508,286.06 CNY in the same period last year, reflecting a worsening financial performance[22]. - The operating profit for Q3 2021 was -1,771,009,475.56 CNY, compared to -1,039,069,947.40 CNY in Q3 2020, showing a decline in operational efficiency[22]. - The basic and diluted earnings per share for Q3 2021 were both -0.65 CNY, compared to -0.38 CNY in Q3 2020, indicating a decrease in shareholder value[25]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥51,785,922,652.14, which is a 55.97% increase compared to the end of the previous year[5]. - The equity attributable to shareholders decreased by 4.28% to ¥27,964,394,348.60 compared to the previous year[5]. - Total liabilities as of September 30, 2021, were CNY 23,637,947,087.02, significantly higher than CNY 3,643,284,563.25 at the end of 2020[19]. - The company's total assets reached CNY 51,785,922,652.14, up from CNY 33,202,181,016.40 at the end of 2020, indicating an increase of about 55.8%[18]. - The equity attributable to shareholders decreased to CNY 27,964,394,348.60 from CNY 29,215,475,240.60, reflecting a decline of approximately 4.3%[19]. - The company’s non-current liabilities totaled $23.36 billion, reflecting a significant increase from the previous period[30]. - The company’s total liabilities and equity amounted to $49.83 billion[30]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥322,832,581.45, showing an increase in cash inflow compared to the previous year[4]. - Cash flow from operating activities for the first three quarters of 2021 was 322,832,581.45 CNY, a recovery from -836,534,247.25 CNY in the same period last year[26]. - Total cash inflow from operating activities in Q3 2021 was 3,750,711,555.06 CNY, up from 3,336,630,156.44 CNY in Q3 2020, demonstrating improved cash generation[26]. - The net cash flow from investing activities was -$410.55 million, a significant decrease compared to $589.52 million in the previous period[27]. - Cash and cash equivalents increased by $3.05 billion, compared to a decrease of $1.95 billion in the previous period[27]. - The net cash flow from financing activities was $3.14 billion, a turnaround from a negative cash flow of $1.70 billion in the previous period[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 289,634[10]. - The largest shareholder, Shanghai Airport (Group) Co., Ltd., held 1,026,177,895 shares, representing 53.25% of the total shares[10]. - The company reported rental income from duty-free shops of CNY 149 million during the reporting period[13]. Operational Challenges - The company continues to face challenges due to the COVID-19 pandemic, impacting both revenue and profit margins significantly[7]. - Total operating costs for the first three quarters of 2021 amounted to CNY 5,127,420,020.94, compared to CNY 4,847,021,380.67 in 2020, indicating an increase of about 5.8%[20]. - The management expenses for Q3 2021 were 180,642,173.33 CNY, slightly down from 184,033,906.34 CNY in Q3 2020, indicating cost control efforts[22]. - The financial expenses for Q3 2021 were 313,725,298.36 CNY, a significant increase from -222,201,463.56 CNY in Q3 2020, reflecting higher borrowing costs[22]. - The tax expenses for Q3 2021 were 4,262,513.89 CNY, compared to 3,255,377.45 CNY in Q3 2020, indicating an increase in tax liabilities[22]. Investment and Expansion - The company is expanding its operations through a supplementary agreement for the transfer of duty-free shop operating rights at Shanghai Pudong International Airport[13]. - The company raised $10 billion through borrowings during the financing activities[27]. - The cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was $874.14 million, an increase from $680.26 million in the previous period[27]. Accounting Changes - The company implemented the new accounting standard for leases starting January 1, 2021, resulting in the addition of right-of-use assets and lease liabilities[31].