华夏航空(002928) - 2023 Q3 - 季度财报

Financial Performance - The operating revenue for Q3 2023 reached ¥1,636,408,830.20, representing a 110.88% increase compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was ¥54,784,017.96, a 109.83% increase year-on-year[4] - The company's total revenue for the first nine months of 2023 was ¥3,851,634,585.44, a 90.00% increase year-on-year[9] - Operating revenue for Q3 2023 was 1,636.41 million RMB, a year-on-year increase of 110.88%[13] - The net profit attributable to shareholders was 54.78 million RMB, reflecting a year-on-year growth of 109.83%[13] - Total operating revenue for the current period reached ¥3,851,634,585.44, a significant increase from ¥2,027,191,138.57 in the previous period, representing an increase of approximately 90%[28] - The net loss for the current period was ¥697,432,319.27, an improvement compared to a net loss of ¥1,510,622,255.26 in the previous period, reflecting a reduction of approximately 54%[29] - The total profit (loss) before tax improved to -¥795,906,908.36 from -¥1,793,507,204.05, indicating a reduction in losses of about 56%[29] Assets and Liabilities - The total assets as of September 30, 2023, amounted to ¥18,983,053,378.45, reflecting an 8.50% increase from the end of the previous year[5] - The company's cash and cash equivalents increased by 36.08% to ¥2,435,031,426.88 as of September 30, 2023, due to increased ticket sales and borrowing[9] - Total current liabilities rose to ¥6,190,301,755.65, up from ¥4,706,982,407.01, indicating an increase of approximately 31.5%[26] - The company's total liabilities reached ¥15,627,995,861.33, up from ¥13,443,302,735.74, reflecting an increase of approximately 16.2%[26] - The company's non-current assets totaled ¥14,379,027,498.96, an increase from ¥13,368,516,226.42, marking a growth of about 7.5%[25] - The company's total equity attributable to shareholders decreased to ¥3,355,057,517.12 from ¥4,052,489,836.39, a decline of about 17.2%[26] Cash Flow - The cash flow from operating activities for Q3 2023 was ¥852,075,711.00, marking a 119.20% increase compared to the same period last year[5] - Cash flow from operating activities generated a net amount of ¥852,075,719.15, compared to ¥388,714,136.81 in the previous period, showing an increase of about 119%[30] - Cash and cash equivalents at the end of the period totaled ¥2,141,684,569.76, a significant increase from ¥674,733,308.66 at the end of the previous period[31] Operational Metrics - The available seat kilometers (ASK) reached 3,221.91 million, a year-on-year increase of 103.93% and a quarter-on-quarter increase of 16.54%[13] - The passenger turnover (RPK) reached 2,581.92 million, representing a year-on-year growth of 136.96% and a quarter-on-quarter growth of 24.84%[13] - The passenger load factor was 80.14%, an increase of 11.17 percentage points year-on-year and 5.34 percentage points quarter-on-quarter[13] - Available ton-kilometers (ATK) increased by 101.74% year-on-year to 34,549.64 million ton-kilometers in Q3 2023[15] - The company reported a total of 1,906.97 thousand passengers carried, a 135.08% increase compared to the same period last year[15] - The overall load factor (RTK/ATK) improved to 65.88%, up from 58.07% year-on-year[15] Shareholder Information - The top shareholder, Huaxia Airlines Holdings (Shenzhen) Co., Ltd., holds 28.41% of the shares, amounting to 363,130,434 shares[11] - The second-largest shareholder, Shenzhen Rongda Supply Chain Management Partnership, holds 10.97% of the shares, totaling 140,260,736 shares[11] - The company has not reported any significant related party transactions among the top shareholders[12] Fleet and Equipment - The fleet size reached 68 aircraft by September 30, 2023, with an average age of 7.94 years for the CRJ900 series and 3.07 years for the A320 series[14] - One A320 aircraft was introduced through operating lease during the reporting period[14] - The company purchased 5 CRJ-900 aircraft for approximately 420.39 million RMB, enhancing its fleet capabilities[17] Expenses - The operating costs for the first nine months of 2023 were ¥3,978,614,784.34, which is a 35.79% increase compared to the same period last year[9] - Total operating costs amounted to ¥4,886,180,120.32, up from ¥3,971,048,268.54, indicating a rise of about 23%[28] - Research and development expenses decreased to ¥8,189,635.15 from ¥10,846,736.86, a decline of approximately 24%[28] - Financial expenses decreased to ¥529,618,289.47 from ¥712,211,258.73, a reduction of about 26%[28] Other Information - The company reported a 441.15% increase in credit impairment losses, totaling -¥40,613,255.48 for the first nine months of 2023[9] - The cargo and mail load factor decreased to 2.69%, down by 2.53% year-on-year[16] - The company’s total revenue from cargo and mail transport showed a slight increase of 3.23% year-on-year to 375.82 million ton-kilometers[15] - The company has committed to using the idle funds solely for daily operational expenses related to its main business, ensuring no impact on the normal progress of investment projects[22] - The company approved the temporary use of up to ¥1,483,000,000.00 of idle raised funds to supplement working capital, with a usage period not exceeding twelve months[22] - The third quarter report of the company has not been audited[32] - The new accounting standards were first implemented in 2023, affecting the financial statements from the beginning of the year[32] - The board of directors held a meeting on October 24, 2023, to discuss company performance and future strategies[33]