Financial Performance - Operating revenue attributable to shareholders reached RMB 36,113 million, an increase of 118.92% year-on-year[4] - Net profit attributable to shareholders was RMB 3,642 million, with a basic earnings per share of RMB 0.1634[4] - Total operating revenue for the first three quarters of 2023 reached RMB 85,538 million, a significant increase from RMB 35,850 million in the same period of 2022, representing a growth of 138.0%[20] - The net profit for the first three quarters of 2023 was a loss of RMB 2,570 million, an improvement compared to a loss of RMB 29,934 million in the same period of 2022[21] - The total comprehensive loss for the first three quarters of 2023 was RMB 2,642 million, compared to a loss of RMB 29,826 million in 2022, showing a significant reduction in losses[22] - The company reported a basic and diluted earnings per share of -0.1170 yuan for the first three quarters of 2023, an improvement from -1.4897 yuan in the same period of 2022[22] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of RMB 26,294 million for the year-to-date period, a significant improvement from a loss of RMB 3,201 million in the previous year[4] - Cash inflow from operating activities totaled RMB 103,192 million, compared to RMB 47,390 million in the same period of 2022, reflecting a growth of 117.0%[23] - Cash flow from operating activities generated RMB 26,294 million in the first three quarters of 2023, a turnaround from a negative cash flow of RMB 260 million in 2022[23] - The cash and cash equivalents at the end of Q3 2023 stood at RMB 13,313 million, a significant decrease of 43.4% from RMB 23,561 million at the end of Q3 2022[25] - The cash and cash equivalents net increase for the first three quarters of 2023 was negative RMB 4,228 million, compared to a positive increase of RMB 10,611 million in the same period of 2022[25] Assets and Liabilities - Total assets at the end of the reporting period were RMB 282,069 million, a decrease of 1.29% compared to the end of the previous year[4] - The total liabilities as of September 30, 2023, amounted to RMB 254,610 million, slightly down from RMB 255,641 million at the end of 2022[18] - Current assets totaled RMB 25,655 million, down from RMB 27,413 million year-over-year[14] - Cash and cash equivalents decreased to RMB 13,327 million from RMB 17,553 million[14] - The company’s long-term borrowings increased to RMB 55,019 million as of September 30, 2023, up from RMB 38,359 million at the end of 2022, indicating a rise of 43.4%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 183,222[9] - The largest shareholder, China Eastern Airlines Group, holds 39.39% of the shares[9] - As of the report date, a total of 2,277,904,327 A-shares held by 19 shareholders were released for circulation[12] - The controlling shareholder plans to increase its stake in the company by investing between RMB 500 million and RMB 1 billion within 12 months starting from September 12, 2023[12] Operational Strategy - The company attributed the revenue growth to increased capacity deployment and optimized resource allocation in response to the recovery of the air passenger market[6] - The company plans to continue enhancing cost control and optimizing flight routes to further improve operational performance[6] - The company plans to purchase 100 C919 aircraft from COMAC, pending shareholder approval[12] Financial Expenses and Borrowings - The company’s financial expenses decreased to RMB 5,617 million in the first three quarters of 2023, down from RMB 7,309 million in the same period of 2022, a reduction of 23.2%[20] - In the first three quarters of 2023, China Eastern Airlines received cash from borrowings amounting to RMB 63,500 million, a decrease of 42.4% compared to RMB 110,102 million in the same period of 2022[25] - The total cash outflow from financing activities in the first three quarters of 2023 was RMB 83,582 million, down from RMB 95,057 million in the same period of 2022, reflecting a reduction of 12.1%[25] - The net cash flow from financing activities for the first three quarters of 2023 was negative RMB 20,082 million, compared to a positive RMB 15,045 million in the same period of 2022[25] Retained Earnings - The company reported a net loss of RMB 47,134 million in retained earnings as of September 30, 2023, compared to a loss of RMB 44,527 million at the end of 2022[16]
中国东方航空股份(00670) - 2023 Q3 - 季度业绩