华夏航空(002928) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 1,555,019,274.62, a 40.39% increase year-on-year[10] - Net profit attributable to shareholders surged by 196.77% to CNY 225,464,264.87 compared to the same period last year[10] - The net profit after deducting non-recurring gains and losses increased by 458.45% to CNY 248,961,253.48[10] - Basic earnings per share rose by 196.68% to CNY 0.3753[10] - Operating profit for the current period was ¥275,177,343.39, compared to ¥58,082,459.67 in the previous period, reflecting a significant increase[72] - Net profit for the current period was ¥210,414,755.90, up from ¥74,988,921.35 in the previous period, indicating a growth of 180.5%[75] - The company reported a total profit of ¥247,546,771.65, up from ¥88,222,260.41, which is an increase of 180.5%[72] - The net profit for the year-to-date period was ¥366,061,986.65, compared to ¥197,820,111.80 in the previous year, indicating an increase of 84.9%[81] Asset and Liability Management - Total assets increased by 13.85% to CNY 8,863,134,168.49 compared to the end of the previous year[10] - Total liabilities increased to CNY 6,425,187,949.79, up 13.5% from CNY 5,661,076,065.38 year-over-year[48] - The company's equity attributable to shareholders rose to CNY 2,437,946,218.70, an increase of 14.8% from CNY 2,123,949,232.05 at the end of 2018[51] - Long-term borrowings increased significantly to CNY 1,116,578,671.59, compared to CNY 557,904,384.25 at the end of 2018, marking a growth of 99.9%[48] - Total current assets amounted to CNY 2,942,277,275.39, an increase of 19.8% from CNY 2,454,604,663.83 on December 31, 2018[42] - Total liabilities increased to ¥6,396,471,903.13, compared to ¥5,649,821,408.84 in the previous period, reflecting a growth of 13.2%[62] Cash Flow and Financing Activities - Cash flow from operating activities increased by 17.24% to CNY 367,778,243.09[10] - Cash received from borrowings increased by 51.19% to CNY 1,936,498,082.79, due to a larger borrowing scale[25] - The company reported a decrease in financial expenses to CNY 165,815,836.72 from CNY 169,465,533.54[89] - Net cash flow from operating activities was ¥634,899,479.40, significantly up from ¥17,640,612.87 in the prior period[105] - Cash outflow from investment activities totaled ¥831,897,242.26, compared to ¥1,310,962,378.58 in the previous period, indicating a reduction of approximately 37%[105] - Cash inflow from financing activities was ¥1,912,498,082.79, compared to ¥2,100,753,640.74 in the previous period, showing a decline of approximately 9%[108] Operational Costs and Investments - Operating costs increased by 32.08% to CNY 3,388,122,333.54, attributed to expanded operations[22] - R&D expenses skyrocketed by 167.58% to CNY 3,673,168.04, reflecting increased investment in research and development[22] - Other income grew by 474.99% to CNY 260,660,659.17, mainly due to increased route subsidies[22] - Total operating costs for the current period were ¥1,189,008,281.60, compared to ¥910,751,420.54 in the previous period, an increase of 30.5%[72] - Research and development expenses for the period were ¥1,922,283.09, significantly higher than ¥293,617.71 in the previous period, indicating a focus on innovation[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,688[14] - Major shareholder 华夏航空控股 (深圳)有限公司 holds 35.96% of the shares, with 216,000,000 shares pledged[14] Asset Composition - The total non-current assets reached CNY 5,920,856,893.10, up from CNY 5,330,420,633.60, reflecting a growth of 11.0%[44] - The company’s inventory increased to CNY 82,709,102.69, compared to CNY 73,546,885.50 at the end of 2018, showing a growth of 12.0%[42] - Accounts receivable increased by 31.13% to CNY 1,053,957,193.66 due to expanded operational scale[22] - Prepayments rose by 69.20% to CNY 164,846,001.86, primarily due to increased prepayments for aviation fuel and aircraft leasing[22] - Construction in progress surged by 79.14% to CNY 1,056,622,828.25, mainly for aircraft prepayments[22]