吉祥航空(603885) - 2023 Q3 - 季度财报

Financial Performance - Operating revenue for Q3 2023 reached ¥6,548,892,024.92, an increase of 112.81% year-over-year[3] - Net profit attributable to shareholders for Q3 2023 was ¥1,071,141,138.79, with a year-to-date net profit of ¥1,133,555,083.44[3] - Basic and diluted earnings per share for Q3 2023 were both ¥0.48[5] - Total operating revenue for Q3 2023 reached ¥15,879,775,089.07, a significant increase from ¥6,488,054,545.34 in Q3 2022, representing a growth of approximately 144.8%[22] - The company's net profit for the first three quarters of 2023 was not explicitly stated, but the unallocated profit reached ¥469,341,273.72, recovering from a loss of ¥664,213,809.72 in the same period of 2022[20] - In Q3 2023, the company reported a net profit of ¥1,133,555,083.44, a significant recovery from a net loss of ¥-2,956,613,907.80 in the same period last year[25] - The total revenue for Q3 2023 reached ¥1,536,141,608.73, compared to a loss of ¥-3,921,833,333.02 in Q3 2022, indicating a strong turnaround[25] - The company achieved a basic earnings per share of ¥0.51 in Q3 2023, recovering from a loss of ¥-1.49 per share in Q3 2022[25] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥5,656,707,870.39, reflecting a significant increase of 4,535.06% compared to the previous year[5] - Cash and cash equivalents as of September 30, 2023, were ¥1,176,655,365.93, slightly down from ¥1,188,519,712.74 at the end of 2022[19] - Cash and cash equivalents at the end of Q3 2023 stood at ¥1,155,414,949.37, down from ¥1,717,684,671.36 at the end of Q3 2022[28] - Operating cash inflow for the first three quarters of 2023 was ¥19,220,333,887.79, up from ¥8,456,104,240.35 in the same period last year[27] - The net cash flow from investing activities in Q3 2023 was ¥53,539,582.62, a recovery from a negative cash flow of ¥-858,380,586.78 in Q3 2022[27] Shareholder Information - The company had a total of 27,174 common shareholders at the end of the reporting period[10] - The largest shareholder, Shanghai Junyao Group Co., Ltd., holds 46.11% of the shares, with 1,020,862,080 shares[10] - Shareholder equity attributable to the parent company was ¥9,493,467,835.11, down 0.50% from the previous year[5] - The company reported significant shareholder changes, with Shanghai Junyao Group holding 1,020,862,080 shares, representing a substantial portion of the total[12] Operating Costs and Expenses - Total operating costs for Q3 2023 were ¥15,017,189,800.48, compared to ¥10,914,430,069.13 in Q3 2022, indicating an increase of about 37.5%[22] - The company reported a significant increase in sales expenses, which reached ¥513,355,685.05 in Q3 2023, compared to ¥280,591,778.31 in Q3 2022, reflecting an increase of approximately 83.0%[22] - The company’s total operating expenses in Q3 2023 were ¥13,563,626,017.40, compared to ¥8,334,062,399.47 in Q3 2022[27] - Research and development expenses decreased to ¥38,348,530.72 in Q3 2023 from ¥47,308,180.57 in Q3 2022, indicating a decline of about 18.9%[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥44,261,857,203.53, a decrease of 1.96% from the previous year[5] - Non-current assets totaled ¥40,668,966,594.90 as of September 30, 2023, down from ¥41,795,921,108.75 at the end of 2022, a decrease of approximately 2.7%[19] - Total liabilities decreased to ¥34,732,894,189.40 in Q3 2023 from ¥35,577,485,739.00 in Q4 2022, a reduction of about 2.4%[20] Corporate Governance - The fifth board of directors was elected, with Wang Junjin as the chairman and Yu Chengji as the president[13] - The company has completed the election of the fifth supervisory board, with Lin Naiji as the chairman[13] - The company has established various committees within the new board, including a strategic committee and an audit committee[13] Future Plans and Developments - The company plans to use up to RMB 1,385 million of idle raised funds to temporarily supplement working capital related to its main business operations[15] - The company has not disclosed any significant changes in its financing or margin trading activities[12] - The company has not reported any new product launches or technological developments in the current quarter[16] - The company has not indicated any plans for market expansion or acquisitions in the recent reports[16] - The company is expected to return the idle funds to the designated account within 12 months[15] Market Performance - The increase in operating revenue is primarily attributed to the recovery of flight volumes and an increase in ticket prices[8] - Accounts receivable increased to ¥546,711,880.18 in Q3 2023 from ¥470,502,404.35 in Q4 2022, reflecting a growth of approximately 16.2%[19] - Inventory levels rose to ¥252,558,707.84 in Q3 2023, up from ¥208,863,270.50 in Q4 2022, marking an increase of about 20.9%[19]