SIA(SH:600009)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 2,154,410,996.61, representing an increase of 18.78% compared to RMB 840,888,120.09 in the same period last year[1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB -100,514,513.85, compared to RMB -509,129,146.42 in the previous year[5]. - The net cash flow from operating activities was RMB -33,041,140.33, an improvement from RMB -139,682,620.40 in the same period last year[5]. - The total operating revenue for Q1 2023 was 2,188,433,868.45, compared to 1,883,200,361.98 in Q1 2022, reflecting a year-over-year increase[33]. - The net profit for Q1 2023 was a loss of CNY 167,375,896.80, compared to a loss of CNY 524,318,059.28 in Q1 2022, showing an improvement of about 68.1%[44]. - The net cash flow from operating activities for Q1 2023 was CNY 55,784,894.88, a significant recovery from a negative cash flow of CNY 133,619,108.54 in Q1 2022[45]. - The basic and diluted earnings per share for Q1 2023 were both -0.04, compared to -0.22 in Q1 2022, showing a decrease in loss per share[31]. - The basic earnings per share for Q1 2023 was -0.07, an improvement from -0.27 in Q1 2022, reflecting a positive trend in earnings performance[44]. Assets and Liabilities - The total assets increased to RMB 70,499,953,253.33, up 4.02% from RMB 67,775,098,795.00 at the end of the previous year[5]. - As of March 31, 2023, total current assets amounted to CNY 17,462,073,643.12, compared to CNY 16,331,290,625.82 at the end of 2022, indicating an increase of about 6.9%[16]. - The company's non-current assets totaled CNY 53,037,879,610.21 as of March 31, 2023, compared to CNY 51,443,808,169.86 at the end of 2022, representing a growth of approximately 3.1%[24]. - The total liabilities increased to CNY 29,479,819,284.34 from CNY 27,071,610,967.71, marking an increase of about 8.9%[25]. - The total liabilities rose to CNY 23,903,371,417.11 in Q1 2023, up from CNY 21,557,555,293.52 in Q1 2022, indicating an increase of about 10.9%[42]. Cash Flow and Financing - The company's cash and cash equivalents stood at CNY 14,565,506,161.95 as of March 31, 2023, compared to CNY 13,876,587,382.90 at the end of 2022, reflecting an increase of approximately 5%[16]. - The cash and cash equivalents at the end of Q1 2023 amounted to 14,565,506,161.95, up from 10,101,159,821.13 at the end of Q1 2022[34]. - The company's total cash inflow from financing activities for Q1 2023 was 3,073,900,000.00, compared to 2,000,000,000.00 in Q1 2022, indicating increased financing efforts[34]. - The company raised CNY 2,700,000,000.00 through borrowings in Q1 2023, compared to CNY 2,000,000,000.00 in Q1 2022, indicating a strategy to enhance liquidity[46]. Operational Highlights - The major reason for the increase in operating revenue was a significant rise in business volume at the two main airports in Shanghai[10]. - The company reported a net income of CNY 3.3 billion from duty-free contracts during the reporting period[14]. - The company achieved a monthly profit turnaround in March 2023, with overall profitability steadily improving due to significant growth in domestic market operations[14]. - The company has established a joint venture and completed the asset acquisition to enhance its non-aviation business segment, aligning with the trends in the domestic duty-free tourism industry[14]. - The company plans to continue expanding its market presence and enhancing its competitive advantage in the non-aviation sector through strategic investments and partnerships[14]. Financial Management - The company reported a financial expense of 28,656,222.76 for Q1 2023, compared to 167,875,578.23 in Q1 2022, showing a reduction in financial costs[30]. - The company reported a financial expense of CNY -12,852,151.27 in Q1 2023, a significant decrease from CNY 126,697,950.48 in Q1 2022, indicating improved financial management[43]. - The company's investment activities resulted in a net cash outflow of -2,092,910,581.67 for Q1 2023, compared to -262,284,181.99 in Q1 2022, indicating increased investment activity[34]. - The company's investment activities resulted in a net cash outflow of CNY -1,687,915,912.36 in Q1 2023, compared to CNY -190,080,731.21 in Q1 2022, reflecting increased investment activities[46]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 170,961[8]. - The total comprehensive income attributable to the parent company owners for Q1 2023 was -99,346,473.86, compared to -504,358,956.80 in the same period last year[31].