SACL(SZ:000089)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥647,729,979.09, a decrease of 17.65% compared to ¥786,537,607.31 in the same period last year[3]. - The net profit attributable to shareholders for Q1 2022 was -¥298,775,144.25, representing a decline of 697.96% from ¥49,965,677.74 in the previous year[3]. - Basic and diluted earnings per share for Q1 2022 were both -¥0.1457, a drop of 697.13% compared to ¥0.0244 in the same period last year[3]. - The weighted average return on equity was -2.54%, down from 0.42% in the previous year[3]. - The company reported a net profit margin decline due to rising costs and decreased revenues, impacting overall profitability[33]. - The company reported a net loss of ¥295,281,543.19 for the current period, compared to a net profit of ¥52,988,266.59 in the previous period, indicating a significant decline in profitability[36]. - The company’s total operating profit was -¥394,101,276.48, a decline from ¥55,875,391.48 in the previous period[36]. Cash Flow and Assets - The net cash flow from operating activities decreased by 41.82% to ¥232,017,697.12 from ¥398,798,171.12 year-on-year[3]. - The company's cash and cash equivalents decreased to ¥1,098,476,551.48 from ¥3,164,295,048.90, indicating a reduction of approximately 65.3%[26]. - The company's cash and cash equivalents at the end of the period were ¥464,276,551.48, compared to ¥324,363,082.63 at the end of the previous period[42]. - The company experienced a significant increase in investment cash outflow, totaling ¥1,489,169,599.14, compared to ¥574,200,999.61 in the previous period[42]. - The net cash flow from investing activities was -¥1,177,576,311.32, worsening from -¥324,149,079.31 in the previous period[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥26,334,424,656.54, a slight increase of 0.02% from ¥26,330,317,780.87 at the end of the previous year[3]. - The equity attributable to shareholders decreased by 2.51% to ¥11,590,352,714.13 from ¥11,889,127,858.38 at the end of the previous year[3]. - Total liabilities rose to ¥14,732,051,605.65 from ¥14,427,625,014.21, an increase of approximately 2.1%[29]. - The company's total equity decreased to ¥11,602,373,050.89 from ¥11,902,692,766.66, a decline of approximately 2.5%[32]. Investments and Financial Management - The company plans to use up to ¥2 billion of its idle funds for short-term bank wealth management products and financing products issued by state-owned enterprises in Shenzhen[11]. - The company invested RMB 30 million in a wealth management product from Huaxia Bank with an expected annualized return of 3.85%, which was redeemed on January 24, 2022, yielding a total return of RMB 1.155 million[13]. - The company subscribed to a structured deposit from Industrial and Commercial Bank of China for RMB 50 million with an expected annualized return of 3.68%, maturing on January 13, 2023, which has not yet matured[14]. - The company also invested RMB 50 million in another structured deposit from Beijing Bank with an expected annualized return of 3.685%, maturing on July 18, 2022, which has not yet matured[15]. - Additionally, the company invested RMB 15 million in a structured deposit from Beijing Bank with an expected annualized return of 3.72%, maturing on July 18, 2022, which has not yet matured[15]. - The company provided RMB 15 million to Shanghai Bank for a structured deposit with an expected annualized return of 3.80%, maturing on July 25, 2022, which has not yet matured[15]. - The company has received financial assistance from its controlling shareholder, Shenzhen Airport Group, totaling RMB 4.438774 billion as of March 31, 2022, with interest accrued amounting to RMB 38.2932 million[19]. - The company is participating in a private equity fund with a total size of RMB 505 million, contributing RMB 200 million, focusing on smart airport and logistics industries[20]. Operational Challenges - The company reported a significant impact from the COVID-19 pandemic, leading to a substantial decline in passenger throughput and flight operations[6]. - Total operating costs increased to $1,044,995,539.60, up from $754,866,807.52, reflecting a significant rise in operating expenses[33]. - Accounts receivable decreased to $497,620,171.94 from $545,293,101.36, a decline of about 8.7%[26]. - The company recorded a credit impairment loss of ¥2,391,306.25, compared to a gain of -¥3,809,093.39 in the previous period[36]. Audit and Agreements - The company has renewed its audit engagement with Tianzhi International Accounting Firm for the 2022 fiscal year, with a total fee of RMB 790,000[23]. - The company has adjusted its logistics service agreement with Shenzhen Airport Group, with a service fee cap of RMB 21 million, including a base service fee of RMB 13 million for 2022, increasing by 5% annually thereafter[23].