2023-10-26 16:00Financial Performance - Operating revenue for Q3 2023 reached CNY 45,863,652, an increase of 152.89% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 4,242,149, with a significant improvement from a loss in the previous year[3] - Basic earnings per share for the quarter was CNY 0.28, up from CNY 0.05 year-to-date[3] - Total operating revenue for the first nine months of 2023 reached CNY 105,476,845, a significant increase from CNY 42,088,565 in the same period of 2022[16] - The net profit for the first nine months of 2023 was CNY 1,186,837, a recovery from a net loss of CNY 32,412,286 in the same period of 2022[17] - The company reported a basic earnings per share of CNY 0.05 for the first nine months of 2023, compared to a loss of CNY 2.05 per share in the previous year[18] - The total comprehensive income for the first nine months of 2023 was CNY 1,095,486, a significant recovery from a loss of CNY 30,528,762 in the same period of 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 338,864,552, reflecting a 14.86% increase from the end of the previous year[4] - The company's current assets amounted to RMB 38,513,327 thousand, up from RMB 22,245,131 thousand in the previous year, indicating a significant increase of about 73.2%[13] - Cash and cash equivalents increased to RMB 22,219,322 thousand from RMB 11,435,877 thousand, reflecting a growth of approximately 94.5% year-over-year[13] - The total liabilities increased to CNY 300,838,982 in Q3 2023 from CNY 273,451,149 in Q3 2022, reflecting a growth in financial obligations[15] - The company reported a total non-current asset value of RMB 300,351,225 thousand, up from RMB 272,766,204 thousand, indicating a growth of approximately 10.1%[14] Shareholder Information - The company reported a significant increase in equity attributable to shareholders, reaching CNY 39,061,556, a 65.45% increase year-on-year[4] - The total equity attributable to shareholders increased to CNY 39,061,556 in Q3 2023 from CNY 23,609,134 in Q3 2022, indicating improved shareholder value[15] - The total number of ordinary shareholders at the end of the reporting period was 162,801[8] - The company has a total of 5,952,236,697 shares held by its largest shareholder, China Aviation Group, representing 50.14% of the total shares[9] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 33,075,596[3] - Cash flow from operating activities for the first nine months of 2023 was CNY 117,873,834, up from CNY 44,775,183 in the same period of 2022[19] - Operating cash inflow totaled $123.1 million, an increase from $52.3 million year-over-year[21] - Net cash flow from operating activities was $33.1 million, compared to a negative $4.9 million in the same quarter last year[21] - Total cash and cash equivalents at the end of the period amounted to $21.5 million, up from $13.8 million year-over-year[22] Investment and Expenses - The company has increased capacity investment, leading to higher passenger load factors and pricing levels, significantly boosting revenue[6] - Research and development expenses for the first nine months of 2023 were CNY 213,842, compared to CNY 126,195 in the same period of 2022, highlighting increased investment in innovation[16] - Cash inflow from investment activities was $7.5 million, up from $994,557 year-over-year[21] - Cash outflow for investment activities reached $13.9 million, compared to $6.6 million in the previous year[21] Other Financial Metrics - Return on equity increased to 11.46%, up 33.67 percentage points from the previous year[4] - Non-recurring gains and losses totaled CNY 177,114 for the quarter, with a year-to-date total of CNY 1,664,545[5] - The company recorded a foreign currency translation difference of CNY 431,447 in Q3 2023, compared to CNY 1,579,861 in the previous year, indicating fluctuations in currency exchange rates[18] - The company's long-term equity investments rose to RMB 14,671,191 thousand, compared to RMB 12,574,373 thousand in the previous year, marking an increase of about 16.7%[14] - Short-term borrowings increased to RMB 23,341,530 thousand from RMB 19,946,147 thousand, which is an increase of approximately 12.0%[14] - Accounts payable surged to RMB 22,734,330 thousand from RMB 11,628,611 thousand, representing a significant increase of about 95.3%[14] - The company’s other receivables increased to RMB 5,387,334 thousand from RMB 2,807,726 thousand, reflecting an increase of approximately 92.1%[13] - The company’s goodwill increased significantly to RMB 4,097,942 thousand from RMB 1,102,185 thousand, indicating a growth of approximately 271.5%[14] Accounting Standards - The company did not apply new accounting standards for the current year[23]