海南机场(600515) - 2023 Q1 - 季度财报

Q1 2023 Report Important Notes The board, supervisory board, and management assure the report's integrity and financial information accuracy; the quarterly financial statements are unaudited - The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibility[2] - The company's head, chief accountant, and head of accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] - The first quarter financial statements are unaudited[4] Key Financial Data Key Accounting Data and Financial Indicators Revenue grew by 5.90%, with net profit attributable to shareholders increasing by 209.73% and non-recurring net profit by 174.89% 2023 Q1 Key Financial Indicators | Item | Current Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,259,351,735.70 | 5.90 | | Net Profit Attributable to Shareholders | 232,574,053.31 | 209.73 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 196,960,933.80 | 174.89 | | Net Cash Flow from Operating Activities | -129,146,146.52 | Not Applicable | | Basic Earnings Per Share (RMB/share) | 0.0204 | 208.42 | | Diluted Earnings Per Share (RMB/share) | 0.0204 | 208.42 | | Weighted Average Return on Net Assets (%) | 1.03 | 0.64 | 2023 Q1 End vs. Prior Year-End Financial Indicators | Item | End of Current Period (RMB) | End of Prior Year (RMB) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 55,912,159,055.86 | 56,125,450,011.91 | -0.38 | | Total Equity Attributable to Shareholders | 22,682,132,351.00 | 22,414,738,281.39 | 1.19 | Non-recurring Gains and Losses and Amounts Total non-recurring gains and losses amounted to RMB 35.61 million, primarily from government subsidies and investment income 2023 Q1 Non-recurring Gains and Losses | Item | Current Period Amount (RMB) | Notes | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -12,857.65 | | | Government Subsidies Included in Current Profit/Loss | 29,803,806.53 | | | Fair value changes and investment income from financial assets/liabilities (excluding hedging) | 14,831,682.76 | | | Reversal of impairment provisions for receivables and contract assets subject to individual impairment testing | 3,268,412.11 | | | Other non-operating income and expenses | -2,219,180.72 | | | Less: Income tax impact | 348,199.28 | | | Minority interests impact (after tax) | 9,710,544.24 | | | Total | 35,613,119.51 | | Changes and Reasons for Key Accounting Data and Financial Indicators Significant growth in net profit is attributed to improved airport operations, increased gross profit margin, and enhanced investment income - Net profit attributable to shareholders increased by 209.73% year-on-year, primarily due to a significant increase in airport operational indicators and an overall improvement in the company's gross profit margin[9] - Net profit attributable to shareholders (excluding non-recurring items) increased by 174.89% year-on-year, driven by improved airport operational indicators, higher gross profit margin, and enhanced investment income from improved performance of investee companies[9] - Both basic and diluted earnings per share increased by 208.42%, mainly due to the rise in net profit attributable to parent company shareholders compared to the prior year[9] Shareholder Information Total Common Shareholders and Top Ten Shareholders' Holdings The company had 120,172 common shareholders; top two shareholders, Hainan Development Holdings and HNA Infrastructure Holdings, held 24.51% and 19.69% respectively, with significant pledges - As of the end of the reporting period, the total number of common shareholders was 120,172[10] Top 10 Shareholders' Holdings (Partial) | Shareholder Name | Shareholder Type | Number of Shares Held (shares) | Shareholding Ratio (%) | Pledged, Marked, or Frozen Status (number of shares) | | :--- | :--- | :--- | :--- | :--- | | Hainan Development Holdings Co., Ltd. | State-owned Legal Person | 2,800,000,000 | 24.51 | Pledged 1,400,000,000 | | HNA Infrastructure Holdings Group Co., Ltd. | Domestic Non-state-owned Legal Person | 2,249,297,094 | 19.69 | Pledged 2,249,296,969 | | HNA Infrastructure Investment Group Co., Ltd. Bankruptcy Estate Disposal Special Account | Other | 847,177,062 | 7.41 | None 0 | - HNA Infrastructure Holdings Group Co., Ltd. and HNA Industrial Group Co., Ltd. have an affiliated relationship[12] Other Reminders Other Important Information No other significant operational information requiring investor attention was identified during the reporting period - There is no other significant operational information during the reporting period that requires special attention from investors[13] Quarterly Financial Statements Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[13] Financial Statements Unaudited consolidated balance sheet, income statement, and cash flow statement are disclosed, reflecting financial position, operating results, and cash flow changes - The financial statements include the consolidated balance sheet, consolidated income statement, and consolidated cash flow statement, all of which are unaudited[13][18][22] Consolidated Balance Sheet As of March 31, 2023, total assets were RMB 55.91 billion, a slight 0.38% decrease from year-end, with equity showing a modest increase Consolidated Balance Sheet Key Items (March 31, 2023 vs. December 31, 2022) | Item | March 31, 2023 (RMB) | December 31, 2022 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 6,803,304,117.19 | 7,382,998,899.43 | -7.85 | | Financial Assets Held for Trading | 1,998,236,082.95 | 1,502,539,329.94 | 33.00 | | Accounts Receivable | 1,262,862,114.44 | 1,452,126,468.53 | -13.03 | | Inventories | 12,787,057,693.09 | 12,790,377,329.69 | -0.03 | | Investment Properties | 12,809,011,739.43 | 13,540,913,745.43 | -5.41 | | Fixed Assets | 9,192,453,306.09 | 8,515,850,282.78 | 7.94 | | Total Assets | 55,912,159,055.86 | 56,125,450,011.91 | -0.38 | | Total Liabilities | 31,788,767,283.44 | 32,316,545,516.39 | -1.59 | | Total Equity Attributable to Parent Company Shareholders | 22,682,132,351.00 | 22,414,738,281.39 | 1.19 | Consolidated Income Statement Q1 2023 total operating revenue grew 5.90% to RMB 1.26 billion, with net profit attributable to parent company shareholders increasing 209.73% to RMB 233 million, driven by improved investment income Consolidated Income Statement Key Items (Q1 2023 vs. Q1 2022) | Item | Q1 2023 (RMB) | Q1 2022 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,259,351,735.70 | 1,189,136,237.86 | 5.90 | | Total Operating Costs | 1,017,919,552.36 | 1,046,783,292.76 | -2.76 | | Investment Income | 52,237,900.84 | -76,966,117.36 | Significant Improvement | | Operating Profit | 334,672,884.13 | 92,407,400.21 | 262.17 | | Total Profit | 332,453,703.41 | 94,275,332.24 | 252.64 | | Net Profit | 266,374,349.27 | 85,341,416.80 | 212.13 | | Net Profit Attributable to Parent Company Shareholders | 232,574,053.31 | 75,089,647.67 | 209.73 | | Basic Earnings Per Share (RMB/share) | 0.0204 | 0.0066 | 209.09 | - Investment income from associates and joint ventures significantly improved, turning from a RMB 92.88 million loss in the prior year to a RMB 44.75 million profit[19] Consolidated Cash Flow Statement Q1 2023 net cash flow from operating activities was -RMB 129 million, a significant improvement; investing activities had a net outflow of RMB 687 million, and financing activities a net outflow of RMB 33.44 million Consolidated Cash Flow Statement Key Items (Q1 2023 vs. Q1 2022) | Item | Q1 2023 (RMB) | Q1 2022 (RMB) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -129,146,146.52 | -1,027,543,917.59 | Net outflow significantly reduced | | Net Cash Flow from Investing Activities | -686,775,444.01 | -3,090,417,683.79 | Net outflow significantly reduced | | Net Cash Flow from Financing Activities | -33,439,210.76 | 2,719,499,985.68 | Turned from net inflow to net outflow | | Net Increase in Cash and Cash Equivalents | -849,363,263.67 | -1,398,461,615.70 | Net decrease narrowed | | Cash and Cash Equivalents at Period End | 5,630,962,679.57 | 8,709,710,297.04 | Decreased | - Cash received from sales of goods and services increased by approximately 61% year-on-year, reaching RMB 1.78 billion[23] - Taxes and surcharges paid decreased significantly by approximately 55% year-on-year, to RMB 627.07 million[23] Implementation of New Accounting Standards The company did not adjust its opening financial statements due to the initial adoption of new accounting standards or interpretations in this reporting period - The company did not adjust its opening financial statements for the current year due to the initial adoption of new accounting standards or interpretations during this reporting period[25]