华夏航空(002928) - 2024 Q1 - 季度财报

Financial Performance - The total operating revenue for the first quarter was CNY 1,615,830,216.24, representing a year-on-year increase of 54.67% compared to CNY 1,044,672,107.02[16] - The net profit attributable to shareholders was CNY 24,668,456.50, a significant turnaround from a loss of CNY 275,862,413.08 in the same period last year, marking an increase of 108.94%[16] - The total profit for Q1 2024 was ¥37,186,831.92, significantly improving from a total loss of ¥321,251,241.07 in the same period last year[62] - Basic earnings per share improved to CNY 0.0194 from CNY -0.2166, marking a recovery in profitability[33] - The company recognized other income of CNY 245,889,189.16, a substantial increase of 382.37% due to the recognition of government subsidies[2] Cash Flow - The net cash flow from operating activities reached CNY 411,922,904.85, up 167.40% from CNY 154,049,551.56 in the previous year[16] - The net cash flow from investing activities was negative at CNY -243,276,764.03, compared to a positive CNY 68,109,396.24 in the previous period[34] - The net cash flow from financing activities showed a significant decline to CNY -686,180,790.08 from CNY 357,954,678.10, reflecting a decrease of 291.5%[34] - Cash and cash equivalents at the end of the period decreased to CNY 1,099,566,928.68 from CNY 2,148,570,268.15, a decline of 48.9%[34] Operational Metrics - The available ton-kilometers (ATK) increased to 37,740.41 million kilometers, a year-on-year growth of 48.03% from 25,495.34 million kilometers[24] - The available seat-kilometers (ASK) rose to 351,939.69 million kilometers, reflecting a 48.59% increase compared to 236,846.94 million kilometers last year[24] - The passenger turnover (RPK) reached 271,128.03 million kilometers, up 62.03% from 167,329.08 million kilometers in the same period last year[24] - The total number of passengers carried increased by 63.77% year-over-year, reaching 1,968,200[44] - The company's seat load factor improved by 6.39 percentage points year-over-year, now at 77.04%[44] Assets and Liabilities - The total assets at the end of the reporting period were CNY 19,062,092,413.55, an increase of 4.86% from CNY 18,179,037,166.79 at the end of the previous year[16] - Total liabilities increased to CNY 15,949,913,645.56 from CNY 15,091,526,855.30, representing a growth of 5.7% year-over-year[31] - The total owner's equity reached CNY 3,112,178,767.99, up from CNY 3,087,510,311.49, indicating a slight increase of 0.8%[31] - The company's total liabilities increased to RMB 1,850,982,243.53, up from RMB 1,416,930,720.24 in the previous year[56] Strategic Initiatives - The company plans to sell its 100% stake in a subsidiary for CNY 60,442.60 million to optimize its business focus on domestic and international air cargo and passenger transport[26] - The company is currently progressing with the asset sale and related transactions as disclosed in recent announcements[28] - The company has not classified any non-recurring gains or losses as regular gains or losses, maintaining compliance with disclosure standards[39] Other Financial Metrics - The weighted average return on equity improved to 0.80%, compared to -7.05% in the same period last year, reflecting a positive shift in financial performance[16] - The company's financial expenses increased by 123.56% year-on-year to ¥168,451,327.62, primarily due to a rise in net exchange losses[62] - The company's deferred income decreased by 41.58% to ¥40,197,861.55, attributed to the use of supplier credit discounts[62] - The company's prepaid expenses increased by 44.03% to ¥271,231,585.48, mainly due to increased prepayments for aviation fuel[62]