华夏航空(002928) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,249,880,009.38, representing a 26.09% increase compared to ¥991,256,381.71 in the same period last year[10] - Net profit attributable to shareholders was ¥85,561,907.32, a 3.96% increase from ¥82,305,693.00 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥80,399,084.24, up 9.14% from ¥73,665,959.71 in the previous year[10] - The basic earnings per share decreased by 3.06% to ¥0.1424 from ¥0.1469 in the same period last year[10] - The weighted average return on equity was 3.95%, down 1.73% from 5.68% in the previous year[10] - The total operating profit for the period was CNY 79,548,067.81, compared to CNY 96,487,724.24 in the previous period, reflecting a decrease of approximately 17.6%[72] - The net profit for the period was CNY 74,267,489.97, down from CNY 90,595,966.01, indicating a decline of about 18%[72] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,973,194,860.41, a 2.42% increase from ¥7,785,025,297.43 at the end of the previous year[10] - The net assets attributable to shareholders increased by 4.03% to ¥2,209,511,139.37 from ¥2,123,949,232.05 at the end of the previous year[10] - Total current assets increased to ¥2,543,443,054.44 from ¥2,454,604,663.83, representing a growth of approximately 3.6%[45] - Fixed assets rose to ¥3,930,623,795.00 from ¥3,894,184,540.44, an increase of about 0.9%[45] - Non-current assets totaled ¥5,429,751,805.97, up from ¥5,330,420,633.60, reflecting a growth of approximately 1.9%[45] - Current liabilities increased to ¥2,395,336,829.63 from ¥2,328,524,205.18, marking a rise of about 2.9%[48] - Total liabilities amounted to ¥5,763,683,721.04, up from ¥5,661,076,065.38, representing an increase of approximately 1.8%[48] - Total equity attributable to shareholders increased to ¥2,209,511,139.37 from ¥2,123,949,232.05, a growth of about 4.0%[51] Cash Flow - The net cash flow from operating activities was negative at -¥78,295,361.39, a decline of 3.49% compared to -¥75,654,484.35 in the same period last year[10] - Cash received from operating activities decreased by 36.40% to ¥14,205,606.25, primarily due to a reduction in received deposits[26] - Cash paid for operating activities decreased by 52.63% to ¥61,312,145.19, mainly due to reduced deposit expenditures[26] - The company reported a financial expense of ¥42,319,375.27, which is significantly higher than the previous year's ¥18,372,269.54, reflecting increased borrowing costs[62] - Cash inflow from operating activities totaled CNY 1,145,390,933.12, an increase from CNY 1,044,321,090.97 in the previous period, representing a growth of approximately 9.7%[79] - Cash outflow from operating activities was CNY 1,223,686,294.51, compared to CNY 1,119,975,575.32, which is an increase of about 9.3%[79] Operational Changes - Operating costs increased by 36.11% to ¥1,086,582,921.90, primarily due to expanded operations, increased flights, and rising fuel and labor costs[22] - Financial expenses surged by 130.34% to ¥42,319,375.27, mainly due to increased aircraft leasing and borrowing interest[23] - The company introduced three A320 series aircraft through operating leases, bringing the total operational fleet to 47 aircraft[29] - The company has applied to the China Securities Regulatory Commission for a public offering of convertible bonds, which is currently under review[30] Government Support - The company received government subsidies amounting to ¥109,500.00 related to energy conservation and emission reduction in civil aviation[10] Accounting and Reporting - The report for the first quarter was not audited, indicating preliminary financial data[103] - The company has begun implementing new financial instrument standards from January 1, 2019, affecting its financial reporting[96] - The company did not restate comparative figures for 2018 due to the adoption of new accounting standards[102]