华夏航空(002928) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥1,341,170,597.15, down 13.75% compared to the same period last year[10] - Net profit attributable to shareholders of the listed company was ¥163,152,713.67, a decrease of 27.64% year-on-year[10] - Basic earnings per share were ¥0.1616, representing a decline of 35.41% compared to the same period last year[10] - The total operating revenue for the current period is ¥3,323,434,335.19, a decrease of 16.1% compared to ¥3,964,713,377.48 in the previous period[112] - The net profit for the current period is ¥171,380,386.00, down 53.3% from ¥366,061,986.65 in the previous period[109] - The total profit for the current period is ¥203,002,194.11, down 52.0% from ¥422,725,797.66 in the previous period[109] - The total comprehensive income for the current period is ¥172,984,528.97, down 52.7% from ¥366,061,986.65 in the previous period[109] Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,720,104,511.45, an increase of 19.66% compared to the end of the previous year[10] - The total liabilities as of September 30, 2020, were CNY 8,224,160,653.03, up from CNY 7,012,898,012.82 at the end of 2019[73] - The company's fixed assets increased to CNY 5,155,388,019.70 as of September 30, 2020, compared to CNY 4,370,464,358.82 at the end of 2019[70] - The total owner's equity increased to CNY 3,495,943,858.42 as of September 30, 2020, from CNY 2,781,925,570.44 at the end of 2019[73] Cash Flow - The net cash flow from operating activities was ¥372,902,296.77, showing a slight increase of 1.39% year-on-year[10] - Cash and cash equivalents increased by 64.47% to ¥2,096,397,254.25 from ¥1,274,620,014.46, primarily due to loans obtained during the reporting period[25] - The ending balance of cash and cash equivalents was CNY 2,012,586,403.53, compared to CNY 699,267,752.76 at the end of the previous period[121] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥3,495,943,858.42, reflecting a growth of 25.67% year-on-year[10] - The total number of common shareholders at the end of the reporting period was 30,599[14] - Major shareholder 华夏航空控股 (Shenzhen) Limited holds 31.97% of the shares, totaling 324,000,000 shares[14] Research and Development - Research and development expenses rose by 81.65% to ¥6,672,206.93 from ¥3,673,168.04, reflecting increased investment in R&D[25] - Research and development expenses increased to CNY 2,884,707.06 from CNY 1,922,283.09, highlighting a focus on innovation[88] - Research and development expenses for the current period are CNY 292,075.46, significantly lower than CNY 1,921,325.07 in the previous period, indicating a reduction of approximately 84.8%[95] Operational Metrics - Available ton-kilometers (ATK) decreased by 2.50% to 32,903.25 million ton-kilometers compared to 33,747.27 million ton-kilometers in the same period last year[29] - Passenger turnover (RPK) decreased by 11.71% year-over-year to 215,732.12 million person-kilometers, with domestic RPK down by 9.18% and international RPK down by 95.76%[32] - Total passenger numbers decreased by 12.00% year-over-year to 1,883.61 thousand passengers, with domestic passengers down by 10.89% and international passengers down by 93.83%[32] Financing Activities - The company received cash related to financing activities amounting to ¥77,126,339.35, primarily from the sale and leaseback of engines[28] - Short-term borrowings increased by 111.15% to ¥1,826,454,597.27 from ¥865,000,000.00, attributed to an increase in current loans[25] Future Plans - The company plans to purchase a total of 100 ARJ21 and C919 aircraft from COMAC over the next ten years, with 50 confirmed as ARJ21[36] - The company plans to expand its market presence and invest in new technologies to drive future growth[79] Risk Management - The company has established a comprehensive risk control system for its derivative investments, ensuring compliance with relevant laws and regulations[49] - The company aims to mitigate the impact of oil price fluctuations on its operations through effective hedging strategies[49]