SIA(SH:600009)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,165,794,336.38, a decrease of 35.37% compared to the same period last year[14]. - The net profit attributable to shareholders of the listed company was a loss of CNY 1,257,549,109.27, compared to a loss of CNY 740,717,531.86 in the previous year[14]. - The net cash flow from operating activities was CNY 17,758,971.54, down 90.66% from CNY 190,127,940.92 in the same period last year[14]. - Basic earnings per share for the first half of 2022 were -CNY 0.65, compared to -CNY 0.38 in the same period last year[15]. - The weighted average return on net assets was -4.68%, a decrease of 2.11 percentage points compared to -2.57% in the previous year[15]. - The company reported a significant decrease in aviation-related revenue, which was CNY 574,048,174.17, accounting for 49.24% of total revenue, down 41.13% from CNY 975,152,218.83 in the previous year[29]. - Non-aviation revenue was CNY 591,746,162.21, representing 50.76% of total revenue, a decrease of 28.59% from CNY 828,710,819.49 year-on-year[29]. - The company's total profit for the first half of 2022 was approximately -¥1.677 billion, compared to -¥1.063 billion in the same period of 2021, reflecting a worsening financial performance[86]. - The total comprehensive income for the first half of 2022 was approximately -¥1.239 billion, compared to -¥693 million in the same period of 2021[86]. Operational Metrics - The total number of aircraft takeoffs and landings was 92,403, down 51.37% year-on-year, with passenger throughput of 5.7429 million, down 68.53%[21]. - The cargo and mail throughput was 1.4721 million tons, a decrease of 30.66% compared to the previous year[21]. - The total cash received from sales of goods and services was CNY 1,200,573,769.82, a decline of 48.40% from CNY 2,326,828,383.37 year-on-year[28]. - The company reported a significant investment loss of approximately -¥6.22 million in the first half of 2022, compared to a profit of ¥570 million in the same period of 2021[87]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 50,678,507,127.84, a decrease of 1.45% from the end of the previous year[14]. - The net assets attributable to shareholders of the listed company decreased by 4.57% to CNY 26,246,987,421.19[14]. - The company's total liabilities increased, with cash paid for debt repayment rising to CNY 6,000,000,000.00, a 50.00% increase from CNY 4,000,000,000.00 in the previous year[28]. - Total liabilities increased to 24,211,791,790.45 RMB, up from 23,720,153,085.24 RMB, reflecting a rise of about 2.07%[81]. Cash Flow - The company experienced a 95.13% decrease in net cash flow from financing activities, which was CNY 168,044,453.08 compared to CNY 3,447,961,923.52 in the previous year[25]. - Cash inflow from financing activities was CNY 6,749,266,650.00, down from CNY 8,000,000,000.00 in the same period last year, a decrease of approximately 15.6%[92]. - The total cash and cash equivalents at the end of the period stood at CNY 9,782,515,283.47, compared to CNY 10,730,914,482.70 at the end of the previous year[92]. Government Support and Non-Operating Income - The company reported a significant increase in non-operating income, including government subsidies amounting to CNY 163,266,277.83[16]. - The company received government support funds related to the pandemic, contributing to a significant increase in other income[27]. Management and Strategy - The company has not disclosed any plans for new product development or market expansion in this report[3]. - The company is actively pursuing market recovery strategies, including marketing collaborations and optimizing idle resources[18]. - The company aims to achieve a world-class service standard with a focus on customer needs and continuous service improvements[19]. Environmental Management - The company has implemented an environmental management system based on ISO14001 to improve its environmental practices and reduce resource consumption[47]. - The company reported total particulate emissions of 0.13 tons, nitrogen oxides of 4.86 tons, and sulfur dioxide of 0.35 tons from January to June 2022, with no exceedances[48]. - The company operates 13 low-nitrogen combustion gas boilers and 1 gas turbine-heat recovery boiler system, all meeting emission standards for nitrogen oxides (≤50 mg/m³), sulfur dioxide (≤10 mg/m³), and particulate matter (≤10 mg/m³)[49]. Shareholder Information - The largest shareholder, Shanghai Airport (Group) Co., Ltd., holds 891,290,804 shares, representing 46.25% of total shares[70]. - The total number of common stock shareholders as of the end of the reporting period is 190,921[69]. - The company voluntarily extended the lock-up period for 833,482,051 shares for an additional year starting from March 2, 2022[60]. Corporate Governance - The company has undergone significant changes in its board and management personnel, with new appointments made during the 2022 first extraordinary general meeting[45]. - The financial report was approved by the board of directors on August 30, 2022[99]. Risk Factors - The company faces significant macroeconomic risks due to rising global economic stagnation and external uncertainties, which may adversely impact its operations[40]. - The airline industry is heavily influenced by government policies, and any adjustments in regulations could introduce uncertainties for the company's future performance[40]. - The company is currently experiencing operational pressures due to the ongoing impacts of the COVID-19 pandemic, which have exceeded initial expectations[40].