华夏航空(002928) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,101,069,713.08, representing a 4.84% increase compared to ¥1,050,226,848.57 in the same period last year[10]. - The net profit attributable to shareholders was -¥48,024,688.52, an improvement of 50.11% from -¥96,254,358.57 year-on-year[10]. - The basic earnings per share for the period was -¥0.0474, showing a 55.62% improvement from -¥0.1068 in the same period last year[10]. - The diluted earnings per share was also -¥0.0474, which is a 50.05% improvement from -¥0.0949 year-on-year[10]. - The total operating revenue for the current period reached CNY 1,101,069,713.08, an increase from CNY 1,050,226,848.57 in the previous period, representing a growth of approximately 4.85%[79]. - The net profit for the current period was a loss of CNY 48,024,688.52, compared to a loss of CNY 96,254,358.57 in the previous period, showing an improvement of approximately 50%[85]. - The total comprehensive income for the current period is -¥59,384,301.42, compared to -¥120,852,880.35 in the previous period, showing a reduction in losses[96]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥244,579,094.79, a significant decline of 348.04% compared to ¥98,605,453.26 in the previous year[10]. - Cash flow from operating activities shows a net outflow of -¥244,579,094.79, a significant decline from a net inflow of ¥98,605,453.26 in the previous period[102]. - The cash inflow from sales of goods and services is ¥1,009,431,789.51, an increase from ¥891,149,988.88 in the previous period[102]. - Cash flow from operating activities showed a net outflow of ¥195,760,228.22, compared to a net inflow of ¥33,383,588.90 in the previous period[105]. - Cash and cash equivalents at the end of the period decreased to ¥1,032,540,376.21 from ¥1,263,971,518.69[108]. - The net increase in cash and cash equivalents was -¥92,030,704.06, compared to an increase of ¥232,178,461.63 in the previous period[108]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥15,201,213,629.17, reflecting a 32.10% increase from ¥11,507,588,172.59 at the end of the previous year[10]. - Total assets reached approximately CNY 15.20 billion, compared to CNY 11.51 billion, indicating a growth of about 31.8%[70]. - Current liabilities increased to approximately CNY 4.02 billion from CNY 3.29 billion, a rise of about 22.3%[67]. - Total liabilities amounted to approximately CNY 11.44 billion, up from CNY 7.57 billion, reflecting an increase of about 51.5%[70]. - Owner's equity decreased to approximately CNY 3.76 billion from CNY 3.94 billion, a decline of about 4.4%[70]. - Total liabilities rose to CNY 11,509,766,779.24, compared to CNY 7,324,424,119.91, marking an increase of approximately 57.5%[77]. Operational Metrics - The company faced significant operational impacts due to a sharp decline in passenger travel demand amid recurring pandemic measures[24]. - Available ton-kilometers (ATK) increased by 18.83% to 28,961.05 million ton-kilometers compared to the same period last year[28]. - Domestic available ton-kilometers rose by 20.73% to 28,852.24 million ton-kilometers, while international available ton-kilometers decreased by 76.97% to 108.80 million ton-kilometers[28]. - Total passenger numbers rose by 29.04% to 1,428.13 thousand passengers[28]. - The overall load factor (RTK/ATK) improved by 4.47% to 54.23%[28]. Investments and Expenditures - Research and development expenses surged by 185.44% to ¥4,273,676.15 as the company increased investment in information technology[20]. - The company reported a significant increase in research and development expenses, which rose to CNY 4,273,676.15 from CNY 1,497,213.10, representing an increase of approximately 185.5%[82]. - Cash paid for the purchase of fixed assets increased by 126.89% to ¥409,793,681.64, mainly due to increased aircraft prepayments[23]. - The company has completed the purchase of 6 CRJ900 aircraft and 3 engines, with a total investment of 26.46 million RMB, achieving an investment progress of 100.57%[45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 23,274, with the largest shareholder holding 31.97% of the shares[14]. - Shareholders released 594,843,345 shares from lock-up, accounting for 58.69% of total share capital, effective March 2, 2021[32]. Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and customer service[81]. - Future guidance indicates a focus on cost management and strategic investments to drive profitability in upcoming quarters[81].