中航产融(600705) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥2,082,903,840.26, representing a decrease of 9.08% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was -¥352,712,196.56, a decline of 310.72% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥367,654,275.03, down 370.03% from the previous year[4]. - The basic earnings per share for Q1 2024 was -¥0.040, a decrease of 310.53% compared to the same period last year[5]. - The company reported a total profit of CNY 262,330,618.49 for Q1 2024, down from CNY 864,603,205.77 in Q1 2023[19]. - Net profit for Q1 2024 was CNY 33,965,068.02, compared to a net profit of CNY 504,376,994.41 in Q1 2023, representing a significant decline[20]. - Comprehensive income for Q1 2024 was CNY -186,869,491.97, a significant decrease from CNY 727,344,168.00 in Q1 2023[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥454,168,321,918.32, down 10.33% from the end of the previous year[5]. - As of March 31, 2024, the company's total assets amounted to RMB 454.17 billion, a decrease from RMB 506.50 billion at the end of 2023, reflecting a decline of approximately 10.3%[14]. - The company's total liabilities as of March 31, 2024, were RMB 389.52 billion, down from RMB 440.63 billion at the end of 2023, indicating a reduction of about 11.6%[15]. - The total equity attributable to shareholders was RMB 37.36 billion, compared to RMB 37.91 billion at the end of 2023, representing a decrease of approximately 1.5%[16]. - Cash and cash equivalents stood at RMB 77.45 billion, down from RMB 131.85 billion, marking a significant decline of about 41.3%[14]. - The company's accounts receivable increased to RMB 316.75 million from RMB 202.67 million, reflecting a growth of approximately 56.2%[14]. - The company's total current liabilities were RMB 266.84 billion, down from RMB 328.24 billion, reflecting a decrease of about 18.7%[15]. - The company's total non-current assets were RMB 192.01 billion, up from RMB 185.99 billion, indicating an increase of approximately 3.4%[15]. Cash Flow - The net cash flow from operating activities was -¥50,789,251,866.25, not applicable for comparison[4]. - The net cash flow from operating activities was -50,789,251,866.25, slightly improved from -50,796,225,201.03 in the previous period, indicating stable operational performance despite negative cash flow[23]. - Cash inflow from operating activities was CNY 18,158,986,078.18, slightly down from CNY 18,323,279,700.27 in Q1 2023[22]. - The company reported a total cash outflow from operating activities of 20,387,266,489.73, down from 22,049,123,222.67, indicating improved cash management[23]. - Cash inflow from investment activities totaled 26,859,276,586.03, an increase from 25,736,207,564.90, reflecting a positive trend in investment recovery[23]. - Cash outflow from investment activities was 31,812,908,043.53, significantly lower than 52,606,104,553.93 in the previous period, reflecting reduced capital expenditures[23]. - The net cash flow from financing activities was 445,694,519.50, a significant decrease compared to 6,443,486,094.41 in the previous period, suggesting tighter financing conditions[24]. - The total cash inflow from financing activities reached 45,071,118,923.59, up from 28,402,922,333.50, highlighting increased capital raising efforts[24]. - The company received 38,051,993,155.65 in cash from borrowings, a substantial increase from 23,249,639,314.63, indicating a reliance on debt financing[24]. - The company paid 38,409,468,468.91 in cash for debt repayment, significantly higher than 20,078,807,075.36, indicating a focus on reducing leverage[24]. Shareholder Information - The top shareholder, China Aviation Industry Corporation, holds 39.87% of the shares, totaling 3,518,510,294 shares[10]. Market and Operational Changes - The company experienced a significant decline in financial asset value changes due to market fluctuations and a reduction in commission income from financial business restructuring[8]. - Research and development expenses increased to CNY 3,592,337.13, up 104.7% from CNY 1,759,814.02 in Q1 2023[19]. - Total operating revenue for Q1 2024 was CNY 3,593,089,609.48, a decrease of 5.0% from CNY 3,782,698,631.31 in Q1 2023[17]. - Total operating costs decreased to CNY 3,309,252,914.28, down 4.8% from CNY 3,477,852,788.24 in Q1 2023[17]. - Interest income increased to CNY 1,042,293,679.22, up 18.0% from CNY 883,980,437.05 in the same period last year[17]. - The company's short-term borrowings decreased to RMB 27.14 billion from RMB 37.46 billion, a reduction of about 27.5%[15]. - The company's long-term borrowings slightly increased to RMB 51.69 billion from RMB 51.45 billion, showing a marginal increase of about 0.5%[15]. - The company's other non-current assets rose to RMB 3.95 billion from RMB 2.94 billion, representing an increase of approximately 34.0%[15]. - The impact of exchange rate changes on cash and cash equivalents was positive at 9,731,209.10, contrasting with a negative impact of -34,384,757.89 in the previous period[24].