贵航股份(600523) - 2022 Q1 - 季度财报

Key Financial Data This section presents the company's key financial performance indicators and non-recurring gains and losses for the current reporting period Key Accounting Data and Financial Indicators Q1 2022 saw stable revenue growth and increased net profit, with core business profitability significantly enhanced Q1 2022 Key Financial Indicators | Indicator | Current Period | Year-over-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 573,724,530.41 RMB | 1.23% | | Net Profit Attributable to Parent Company Shareholders | 34,338,955.21 RMB | 3.40% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-recurring Gains and Losses | 30,329,073.10 RMB | 26.32% | | Net Cash Flow from Operating Activities | 16,577,694.57 RMB | N/A | | Basic Earnings Per Share (RMB/share) | 0.08 RMB | 0% | | Weighted Average Return on Net Assets | 1.21% | Decreased by 0.05 percentage points | | Indicator | End of Current Period | Change from End of Previous Year (%) | | Total Assets | 3,353,481,323.89 RMB | 0.98% | | Total Equity Attributable to Parent Company Shareholders | 2,846,722,611.58 RMB | 4.39% | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled 4.01 million RMB, mainly from fair value changes of financial assets and government grants Q1 2022 Non-recurring Gains and Losses Details | Item | Amount for Current Period (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 2,010.90 | | Government Grants Recognized in Current Profit/Loss | 806,646.60 | | Gains/Losses from Changes in Fair Value of Financial Assets Held for Trading | 4,448,799.15 | | Other Non-operating Income and Expenses | -455,577.68 | | Less: Income Tax Impact | 753,843.38 | | Less: Impact on Minority Interests (After Tax) | 38,153.48 | | Total | 4,009,882.11 | - The primary source of non-recurring gains and losses in this period is 4.45 million RMB from fair value changes of financial assets held for trading, derivative financial assets, and related investment income[5] Shareholder Information This section outlines the company's shareholder structure, including total shareholder count and top ten shareholder holdings Shareholding Information The company had 16,580 common shareholders, with top state-owned entities holding over 46% combined - At the end of the reporting period, the company had a total of 16,580 common shareholders[7] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage (%) | | :--- | :--- | :--- | | China Aviation Automobile Systems Holding Co., Ltd. | State-owned Legal Entity | 37.01 | | China Guizhou Aviation Industry (Group) Co., Ltd. | State-owned Legal Entity | 9.28 | | Guiyang Industrial Investment Group Co., Ltd. | State-owned Legal Entity | 6.24 | | Bai Tianxing | Domestic Individual | 0.79 | | Liao Yongxiang | Domestic Individual | 0.72 | | Shanghai Panyao Asset Management Co., Ltd. - Panyao Phase III Securities Investment Fund | Unknown | 0.69 | | Shanghai Panyao Asset Management Co., Ltd. - Panyao Zhiguo Private Securities Investment Fund | Unknown | 0.69 | | Linglong Group Co., Ltd. | Unknown | 0.56 | | Wang Ming | Domestic Individual | 0.48 | | Shanghai Panyao Asset Management Co., Ltd. - Panyao Yongda Private Securities Investment Fund | Unknown | 0.30 | - The top two shareholders are state-owned legal entities under the same ultimate controlling party and have no affiliation with other shareholders; the company is unaware of any other affiliations or concerted actions among other shareholders[8] Other Noteworthy Matters The company advanced significant corporate governance and asset integration initiatives to optimize its asset structure and management - The company is in the process of acquiring a 5.96% equity stake in its controlling subsidiary, Tianjin Daqi Company, with industrial and commercial registration changes still underway[9] - The company has completed capital injections into its related party, Hanon (China) Automotive Sealing Co., Ltd., using its equity holdings in Guizhou Hongyang Sealing Parts Co., Ltd. and Shanghai Hongyang Sealing Parts Co., Ltd[9] - The company has completed the liquidation and deregistration of Chengdu Wanjiang Auto Parts Co., Ltd[9] Quarterly Financial Statements This section presents the company's consolidated balance sheet, income statement, and cash flow statement for the current quarter Consolidated Balance Sheet As of March 31, 2022, total assets increased, liabilities decreased, and long-term equity investments significantly rose Balance Sheet Key Item Changes | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,353,481,323.89 | 3,320,957,433.73 | 0.98% | | Total Liabilities | 446,637,294.56 | 500,459,956.73 | -10.76% | | Total Equity Attributable to Parent Company Shareholders | 2,846,722,611.58 | 2,726,991,200.92 | 4.39% | | Long-term Equity Investments | 542,624,988.56 | 9,548,495.17 | 5582.89% | | Fixed Assets | 485,683,884.91 | 664,277,076.55 | -26.88% | Consolidated Income Statement Q1 2022 operating revenue grew 1.23% and net profit increased 3.40%, driven by investment income and reduced selling expenses Income Statement Key Item Changes | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 573,724,530.41 | 566,734,889.35 | 1.23% | | Operating Profit | 42,798,173.99 | 39,846,518.51 | 7.41% | | Net Profit Attributable to Parent Company Shareholders | 34,338,955.21 | 33,211,423.60 | 3.40% | | Selling Expenses | 9,288,252.71 | 18,792,589.05 | -50.57% | | Research and Development Expenses | 25,261,000.12 | 22,820,506.97 | 10.69% | | Investment Income | 3,131,147.67 | -236,597.75 | N/A | | Gains from Changes in Fair Value | 4,448,799.15 | 7,353,576.01 | -39.50% | Consolidated Cash Flow Statement Q1 2022 operating cash flow significantly improved, while investing cash outflow expanded, resulting in a net decrease in cash Cash Flow Statement Key Items | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 16,577,694.57 | -70,508,392.90 | | Net Cash Flow from Investing Activities | -96,552,820.59 | -11,828,612.65 | | Net Cash Flow from Financing Activities | -11,363,620.96 | -500,000.00 | | Net Increase in Cash and Cash Equivalents | -91,440,687.83 | -82,935,606.96 | - Operating cash flow turned positive, primarily because cash paid for goods and services decreased from 329 million RMB in the prior year to 205 million RMB in the current period[20] - Net cash outflow from investing activities significantly increased, primarily due to higher cash payments for the acquisition of fixed assets, intangible assets, other long-term assets, and investments[21]