2020-04-29 16:00Financial Performance - In Q1 2020, the company's operating revenue was RMB 17.26 billion, a decrease of 46.99% compared to the same period last year[4] - The net loss attributable to shareholders of the parent company was RMB 4.80 billion, representing a decline of 276.48% year-on-year[4] - The net cash flow from operating activities was negative RMB 8.72 billion, a decrease of 246.86% compared to the previous year[4] - The company's total revenue for Q1 2020 was CNY 17,255,757, a decrease of 46.99% compared to CNY 32,554,019 in Q1 2019, primarily due to a decline in transportation turnover caused by the COVID-19 pandemic[14] - The company's cash received from sales of goods and services was CNY 11,619,620, down 63.42% from CNY 31,766,329 in the same period last year, reflecting the impact of the pandemic[14] - The company's operating revenue for Q1 2020 was CNY 12,074,346 thousand, a decrease of 45.4% compared to CNY 22,202,958 thousand in Q1 2019[28] - The net profit for Q1 2020 was a loss of CNY 5,616,412 thousand, compared to a profit of CNY 3,237,185 thousand in Q1 2019, representing a significant decline[26] - The total comprehensive income for Q1 2020 was a loss of CNY 5,208,024 thousand, compared to a gain of CNY 2,765,166 thousand in Q1 2019[26] - The company's operating profit for Q1 2020 was a loss of CNY 6,788,836 thousand, compared to a profit of CNY 3,980,088 thousand in Q1 2019[25] - The total profit for Q1 2020 was a loss of CNY 6,789,201 thousand, compared to a profit of CNY 4,085,238 thousand in Q1 2019[25] Assets and Liabilities - Total assets at the end of the reporting period were RMB 293.52 billion, a slight decrease of 0.25% from the end of the previous year[4] - The net assets attributable to shareholders of the parent company were RMB 89.12 billion, down 4.69% from the previous year[4] - Total liabilities increased to 136,314,938 from 133,794,576, marking an increase of 1.9%[22] - Shareholders' equity decreased to 80,843,376 from 83,763,970, a decline of 3.5%[23] Cash Flow - The cash flow from operating activities for Q1 2020 was a net outflow of CNY 8,716,790 thousand, compared to an inflow of CNY 5,935,389 thousand in Q1 2019[31] - The total cash inflow from operating activities was 7,921,586 in Q1 2020, down from 22,098,764 in Q1 2019, indicating a significant drop in operational performance[34] - Cash inflow from financing activities totaled 24,321,878 in Q1 2020, a substantial increase from 6,486,183 in Q1 2019, driven by bond issuance and borrowing[34] - The net cash flow from financing activities was 12,838,610 in Q1 2020, contrasting with a negative cash flow of -5,047,725 in Q1 2019, showcasing improved financing conditions[32] Impact of COVID-19 - The company faced significant impacts from the COVID-19 pandemic, leading to a sharp reduction in air travel demand[11] - The company anticipates that the ongoing impact of the COVID-19 pandemic on the global aviation industry will significantly affect its performance in the upcoming reporting period[15] - The company implemented measures to optimize capacity and enhance cost control to mitigate the pandemic's impact[11] Investments and Expenditures - The company’s cash paid for the purchase of fixed assets increased by 80.33% to CNY 2,811,387 from CNY 1,559,059, indicating ongoing investment in capital expenditures despite the challenging environment[15] - Research and development expenses increased to 119,234 in Q1 2020 from 22,086 in Q1 2019, showing a significant rise of 440.5%[24] - Research and development expenses for Q1 2020 were CNY 36,263 thousand, an increase from CNY 15,357 thousand in Q1 2019[28] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 205,909, with the largest shareholder holding 40.98% of the shares[7] Other Financial Metrics - The weighted average return on net assets was -5.26%, a decrease of 8.33 percentage points year-on-year[4] - The basic earnings per share were -0.35 RMB, a decline of 275.00% compared to the previous year[5] - Other comprehensive income increased to CNY 402,908 from a loss of CNY 14,562, a change of 2,866.85%, mainly due to an increase in foreign currency translation differences[13] - The company recorded an investment loss of CNY -1,238,000, a decline of 499.47% compared to a profit of CNY 309,911 in Q1 2019, due to the performance decline of its joint ventures affected by the pandemic[14]