Airport Corp(SH:600463)2020-10-29 16:00Financial Performance - Operating revenue for the year-to-date was CNY 681,312,958.42, representing an increase of 9.17% year-on-year[10]. - Net profit attributable to shareholders was CNY -26,847,900.95, an improvement from CNY -30,519,949.89 in the same period last year[10]. - Basic earnings per share were CNY -0.0895, compared to CNY -0.1017 in the same period last year[10]. - Total operating revenue for Q3 2020 reached ¥359,552,498.53, a 44.8% increase from ¥248,234,263.24 in Q3 2019[28]. - Net loss for Q3 2020 was ¥4,172,303.63, compared to a net loss of ¥3,353,407.90 in Q3 2019, indicating a worsening of 24.4%[29]. - The company reported a total profit of -¥2,809,579.31 for Q3 2020, slightly worse than -¥2,684,950.78 in Q3 2019[29]. - The company reported a total profit of CNY -1,545,366.83 for Q3 2020, compared to CNY 3,617,015.43 in Q3 2019, highlighting a downturn in profitability[33]. Cash Flow - Cash flow from operating activities was CNY -97,164,874.47, a decline of 331.49% compared to the previous year[10]. - Total cash inflow from operating activities for the first three quarters of 2020 was CNY 689,876,332.72, a decrease of 24.1% compared to CNY 908,024,384.17 in the same period of 2019[36]. - Net cash flow from operating activities was negative at CNY -97,164,874.47, compared to a positive CNY 41,972,903.97 in the first three quarters of 2019[36]. - Cash inflow from financing activities totaled CNY 923,371,814.56, an increase of 22.0% compared to CNY 756,865,126.02 in the previous year[37]. - Net cash flow from financing activities was CNY 70,641,241.77, a turnaround from CNY -30,070,491.53 in the same period of 2019[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,797,699,006.68, a decrease of 0.54% compared to the end of the previous year[10]. - Current assets totaled RMB 1,593,298,740.13, slightly up from RMB 1,591,957,325.81 at the end of 2019[21]. - Total liabilities increased to RMB 1,524,584,791.33 from RMB 1,509,454,147.91, an increase of about 1.0%[23]. - Total liabilities increased to ¥722,779,003.54 in Q3 2020 from ¥538,031,424.80 in Q3 2019, representing a growth of 34.3%[26]. - The company's equity attributable to shareholders decreased to RMB 1,231,915,920.54 from RMB 1,258,516,815.55, a decline of approximately 2.1%[23]. Inventory and Receivables - Accounts receivable increased by 40% to CNY 700,000 from CNY 500,000 due to an increase in receivables[15]. - Inventory decreased by 54.05% to CNY 457,945,055.43 from CNY 996,568,984.22, attributed to the new revenue standards[15]. - Accounts receivable decreased to RMB 108,701,595.54 from RMB 136,406,264.61, a reduction of about 20.3%[21]. - Inventory significantly decreased to RMB 457,945,055.43 from RMB 996,568,984.22, a drop of approximately 54.1%[21]. Shareholder Information - The total number of shareholders is 14,134, with the top ten shareholders holding significant stakes, including Beijing Airport Economic Development Co., Ltd. at 49.32%[13]. - The total number of shareholders at the end of the reporting period was not disclosed in the provided content[12]. Government Support - Government subsidies recognized in the current period amounted to CNY 1,062,785.25[11]. Financial Management - The company reported a decrease in sales expenses to CNY 0 from CNY 154,751.22, reflecting reduced advertising costs[16]. - Financial expenses for Q3 2020 were CNY -2,584,869.70, a decrease from CNY -4,410,826.03 in Q3 2019, suggesting improved financial management[33]. Future Plans - The company plans to sell and acquire stakes in subsidiaries, with announcements made on August 27, 2020, regarding related transactions[16]. - The company has not disclosed any new product developments or market expansion strategies in the provided content[12]. - The company has plans for market expansion and new product development, although specific figures were not disclosed in the call[42].