SACL(000089)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 reached CNY 906,750,286.90, representing a 39.99% increase compared to CNY 647,729,979.09 in the same period last year[12]. - The total profit for the period was CNY -135,021,550.08, showing a 65.68% improvement from CNY -393,398,003.89 year-on-year[12]. - The net profit attributable to shareholders of the parent company was CNY -107,877,085.26, a 63.89% increase from CNY -298,775,144.25 in the previous year[12]. - The net loss for Q1 2023 was CNY 104,728,027.12, an improvement from a net loss of CNY 295,281,543.19 in Q1 2022[49]. - The company reported a basic and diluted earnings per share of -0.0526, compared to -0.1457 in the previous year[49]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period amounted to CNY 453,627,876.44, an increase of 87.63% from CNY 241,772,791.36 at the end of the previous year[12]. - The net cash flow from operating activities decreased by 23.19% to ¥178,216,862.66 from ¥232,017,697.12 year-on-year[23]. - Total cash inflow from operating activities increased to CNY 831,938,785.60, up 2.2% from CNY 815,204,559.58 in the previous period[36]. - Cash outflow from operating activities rose to CNY 653,721,922.94, an increase of 12.0% compared to CNY 583,186,862.46 in the previous period[36]. - The company reported a cash balance of CNY 453,627,876.44 at the end of the period, compared to CNY 241,772,791.36 at the beginning of the period, reflecting a net increase of CNY 211,855,085.08[36]. Assets and Liabilities - The company's total assets at the end of the reporting period were significantly impacted by the increase in cash and trade receivables, indicating a strong liquidity position[12]. - The total assets at the end of Q1 2023 were ¥24,833,530,279.26, a decrease of 1.17% from ¥25,127,788,112.32 at the end of the previous year[23]. - The total liabilities decreased to CNY 14,243,285,314.21 from CNY 14,432,434,970.41[44]. - Current liabilities totaled CNY 3,566,221,764.84, down from CNY 3,790,550,626.12[44]. - Non-current liabilities increased slightly to CNY 10,677,063,549.37 from CNY 10,641,884,344.29[44]. Government Support and Subsidies - The company received government subsidies totaling CNY 5,062,221.81, which is a 120.85% increase from CNY 2,292,114.15 in the same period last year[12]. - The company has a remaining balance of CNY 427,429.10 million in financial assistance from its controlling shareholder as of March 31, 2023[39]. Investments and Financial Products - The company has invested a total of ¥50,000 million in structured deposits with expected annualized returns of 3.55% and 3.45% for different products, with one product maturing on July 21, 2023, and another on February 2, 2023[22][23]. - The company has invested CNY 4,999 million in a structured deposit product with a projected annualized return of 1.39% or 4.88%[37]. - The company invested RMB 200 million in a structured deposit product from Beijing Bank Shenzhen Branch on July 26, 2022[58]. - The expected annualized investment return rate for the structured deposit was 3.45%[58]. - On February 2, 2023, the company redeemed the principal amount of RMB 200 million along with a corresponding return of RMB 3.57 million[58]. Operational Metrics - The company reported a significant increase in passenger throughput by 166.12% and flight takeoffs and landings by 69.88% compared to the previous year[12]. - The company's trade receivables increased by 63.85% to CNY 754,841,361.16 from CNY 460,702,060.19 year-on-year, attributed to the growth in operating revenue[12]. - The company’s prepayments increased by 86.88% to CNY 17,768,041.52, reflecting an increase in rental prepayments[12]. - Total operating costs decreased slightly to CNY 1,035,167,410.68 from CNY 1,044,995,539.60, with operating costs specifically down to CNY 898,583,993.34 from CNY 912,528,299.67[48]. Other Income and Expenses - The company reported a tax expense of CNY -30,293,522.96, compared to CNY -98,116,460.70 in the previous year[48]. - Other income for the quarter was CNY 5,062,221.81, up from CNY 2,292,114.15 in the same period last year[48].