XIAC(600897)2016-04-28 16:00Financial Performance - The company's operating revenue for 2015 was CNY 1,424,376,015.76, representing a decrease of 5.31% compared to CNY 1,352,503,695.98 in 2014[18]. - The net profit attributable to shareholders for 2015 was CNY 369,523,241.35, down 19.36% from CNY 458,245,717.54 in 2014[18]. - The basic earnings per share for 2015 was CNY 1.2408, a decrease of 19.36% compared to CNY 1.5387 in 2014[20]. - The total operating revenue for 2015 was CNY 1,424.38 million, representing a year-on-year increase of 5.31%, while net profit attributable to shareholders decreased by 19.36% to CNY 369.52 million[35]. - The company reported a significant reduction in financial expenses by 79.46%, resulting in a net financial income of CNY -3,165,365.60[39]. - The company reported a decrease in retained earnings of CNY 159,124,703.30 during the period, indicating a need for strategic financial management[163]. - The comprehensive income for the current period amounts to CNY 332,950,731.22, a decrease from CNY 434,832,362.53 in the previous year[149]. Assets and Liabilities - The total assets at the end of 2015 were CNY 3,933,569,888.62, an increase of 3.76% from CNY 3,791,182,723.90 at the end of 2014[19]. - Total current assets increased to ¥995,927,346.57 from ¥755,601,696.96, representing a growth of approximately 31.8%[135]. - Total non-current assets decreased to ¥2,937,642,542.05 from ¥3,035,581,026.94, showing a decline of approximately 3.2%[136]. - Total liabilities decreased to ¥727,771,671.79 from ¥812,042,466.06, a reduction of about 10.4%[137]. - Total equity increased to ¥3,205,798,216.83 from ¥2,979,140,257.84, representing an increase of approximately 7.6%[137]. Cash Flow - The cash flow from operating activities for 2015 was CNY 606,548,737.37, a decrease of 4.52% compared to CNY 635,260,498.69 in 2014[18]. - The net cash flow from operating activities was CNY 606,548,737.37, slightly down from CNY 635,260,498.69 in the previous year[151]. - Net cash flow from investing activities was CNY 137,919,719.38, a significant improvement from a negative CNY 1,475,889,829.40 in the previous year[152]. - The ending cash and cash equivalents balance was CNY 792,683,127.60, up from CNY 212,295,190.02 at the beginning of the year[152]. Operational Highlights - The company achieved a passenger throughput of 21.81 million in 2015, an increase of 4.56%, ranking 11th nationwide[34]. - The cargo and mail throughput reached 31.06 million tons, reflecting a growth of 1.38%[34]. - The company added 6 new international routes in 2015, expanding its network to 110 cities, including 82 domestic and 23 international destinations[35]. - The number of flight takeoffs and landings increased by 3.32% to 180,112, while passenger throughput rose by 4.56% to 21.81 million[37]. - The company maintained a zero accident record for flight operations and ground safety throughout 2015[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,351, an increase from 20,920 at the end of the previous month, representing a growth of approximately 6.4%[88]. - Xiamen Xiangye Group Co., Ltd. remains the largest shareholder, holding 202,500,000 shares, which accounts for 68.00% of the total shares[90]. - The company reported no changes in the total number of ordinary shares or the share capital structure during the reporting period[87]. Governance and Management - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board to ensure effective management[171]. - The board of directors consists of 11 members, including 4 independent directors, and held 3 board meetings during the reporting period[114]. - The company has not reported any changes in the positions of directors, supervisors, and senior management during the reporting period[106]. Future Outlook - The company expects a 10.7% growth in civil aviation passenger and cargo transport in 2016, benefiting from national policies and regional economic reforms[60]. - The company plans to enhance its international connectivity by focusing on developing new international routes from Xiamen Airport[30]. - In 2016, the company plans to increase flight takeoffs and landings by 3.20%, passenger throughput by 4.12%, and cargo/mail throughput by 3.76%, with projected revenue of approximately 1.5 billion RMB and costs of around 900 million RMB[63].