Financial Performance - The company's operating revenue for Q1 2024 was RMB 33,189 million, representing a 48.96% increase compared to RMB 22,261 million in the same period last year[4]. - The net profit attributable to shareholders was a loss of RMB 803 million, an improvement from a loss of RMB 3,803 million in the previous year[4]. - The company reported a total of 168 million in non-recurring gains and losses for the period[6]. - The basic earnings per share for the period was -0.04 yuan, an improvement from -0.17 yuan in the previous year[4]. - Net loss for Q1 2024 was RMB 931 million, an improvement from a net loss of RMB 4,036 million in Q1 2023[24]. - The total comprehensive loss for Q1 2024 was RMB 1,014 million, compared to RMB 4,100 million in Q1 2023[25]. Cash Flow and Assets - The net cash flow from operating activities decreased by 29.36% to RMB 4,738 million, down from RMB 6,665 million in the same period last year[4]. - Cash flow from operating activities generated RMB 4,738 million in Q1 2024, compared to RMB 6,707 million in Q1 2023[26]. - The cash and cash equivalents decreased to RMB 5,165 million from RMB 12,177 million, representing a decline of 57.5%[16]. - The ending balance of cash and cash equivalents for Q1 2024 was RMB 4,849 million, down from RMB 20,504 million in Q1 2023[31]. - The beginning balance of cash and cash equivalents for Q1 2024 was RMB 11,861 million, compared to RMB 18,173 million in Q1 2023[31]. - As of March 31, 2024, the total current assets of China Eastern Airlines amounted to RMB 18,905 million, a decrease of 26.9% from RMB 25,817 million on December 31, 2023[16]. - The total assets at the end of the reporting period were RMB 273,381 million, a decrease of 3.25% from RMB 282,491 million at the end of the previous year[4]. - Total assets decreased from RMB 282,576 million as of December 31, 2023, to RMB 273,381 million as of March 31, 2024[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 190,398[8]. - The top shareholder, China Eastern Airlines Group, holds 39.57% of the shares, totaling 8,820,552,003 shares[9]. - China Eastern Airlines' major shareholder, China Eastern Group, has cumulatively increased its holdings by 113,746,036 A-shares, accounting for 0.5103% of the total share capital[14]. - Shareholders' equity attributable to the parent company decreased to RMB 39,699 million from RMB 40,712 million[22]. Liabilities and Expenses - The total liabilities of the company as of March 31, 2024, were RMB 233,199 million, down from RMB 241,253 million on December 31, 2023, indicating a reduction of 3.3%[20]. - The company's short-term borrowings decreased to RMB 35,501 million from RMB 39,618 million, a reduction of 10.6%[19]. - Total operating costs for Q1 2024 were RMB 35,467 million, up 30% from RMB 27,234 million in Q1 2023[23]. - Research and development expenses for Q1 2024 were RMB 77 million, slightly down from RMB 87 million in Q1 2023[23]. Acquisitions and Investments - The company acquired a 55% stake in Eastern Airlines Media Co., Ltd., which is now a subsidiary, impacting the financial data for 2023[5]. - The company plans to acquire a 55% stake in Eastern Airlines Media for approximately RMB 126.203 million, with the agreement signed on January 24, 2024[14]. Other Financial Metrics - The weighted average return on equity was -1.99%, an improvement of 12 percentage points from -13.99% in the previous year[4]. - The total non-current assets were RMB 254,476 million, slightly down from RMB 256,759 million, a decrease of 0.9%[17]. - The company reported other income of RMB 1,373 million in Q1 2024, compared to RMB 945 million in Q1 2023[23]. - The company reported an increase in accounts receivable to RMB 2,644 million as of March 31, 2024, compared to RMB 2,191 million at the end of 2023, reflecting a growth of 20.6%[16]. - The company’s inventory increased to RMB 1,715 million from RMB 1,640 million, marking a rise of 4.6%[16].
中国东方航空股份(00670) - 2024 Q1 - 季度业绩