Financial Performance - The company's operating revenue for Q1 2025 was RMB 33,406 million, representing a year-on-year increase of 0.65% compared to RMB 33,189 million in the same period last year[9]. - The net profit attributable to shareholders was a loss of RMB 995 million, compared to a loss of RMB 803 million in the previous year, indicating a deterioration in performance[9]. - Operating profit for Q1 2025 was -RMB 1,242 million, compared to -RMB 872 million in Q1 2024, reflecting a decline in profitability[34]. - The net profit (loss) for Q1 2025 was -1,130 million RMB, compared to -931 million RMB in Q1 2024, reflecting an increase in losses of about 21.4% year-over-year[37]. - The total comprehensive income for Q1 2025 was -1,149 million RMB, compared to -1,014 million RMB in Q1 2024, representing a decline of approximately 13.3% year-over-year[40]. - In Q1 2025, the total profit (loss) amounted to -1,108 million RMB, compared to -816 million RMB in Q1 2024, indicating a deterioration of approximately 35.7% year-over-year[37]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 49.56%, amounting to RMB 2,390 million, down from RMB 4,738 million in the same period last year, primarily due to intensified competition in the aviation market[13]. - Cash flow from operating activities in Q1 2025 was 2,390 million RMB, down from 4,738 million RMB in Q1 2024, a decrease of about 49.5% year-over-year[43]. - Cash flow from investing activities in Q1 2025 was -951 million RMB, compared to -3,674 million RMB in Q1 2024, showing an improvement of approximately 74.1% year-over-year[46]. - Cash flow from financing activities in Q1 2025 was 1,076 million RMB, a significant recovery from -8,075 million RMB in Q1 2024[46]. - Cash and cash equivalents increased to RMB 6,646 million as of March 31, 2025, compared to RMB 4,133 million as of December 31, 2024, marking a growth of 60.73%[21]. - The total cash and cash equivalents at the end of Q1 2025 increased to 6,585 million RMB, compared to 4,849 million RMB at the end of Q1 2024, marking a growth of approximately 36.0% year-over-year[49]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 285,299 million, reflecting a 3.14% increase from RMB 276,600 million at the end of the previous year[10]. - Total assets as of March 31, 2025, amounted to RMB 285,299 million, up from RMB 276,600 million as of December 31, 2024, representing an increase of 3.08%[31]. - Total liabilities as of March 31, 2025, were RMB 244,907 million, compared to RMB 235,191 million as of December 31, 2024, indicating a rise of 4.66%[28]. Shareholder Information - The equity attributable to shareholders decreased by 3.16%, from RMB 40,532 million at the end of the previous year to RMB 39,250 million[10]. - The largest shareholder, China Eastern Airlines Group, holds 39.74% of the shares, amounting to 8,858,963,273 shares[15]. - The total number of ordinary shareholders at the end of the reporting period was 174,429[14]. Earnings and Expenses - The basic and diluted earnings per share remained at -0.04 yuan per share, unchanged from the previous year[9]. - The basic and diluted earnings per share for Q1 2025 remained at -0.04 RMB, unchanged from Q1 2024[40]. - Research and development expenses for Q1 2025 were RMB 91 million, an increase from RMB 77 million in Q1 2024, reflecting a growth of 18.18%[34]. - The company reported a tax expense of 22 million RMB in Q1 2025, a decrease from 115 million RMB in Q1 2024, indicating a reduction of approximately 80.9% year-over-year[37]. Non-Recurring Items - The company reported non-recurring gains and losses totaling RMB 117 million for the current period[12]. Share Repurchase Plan - The company plans to repurchase shares in A-shares and H-shares with a total amount not less than RMB 2.5 billion and not exceeding RMB 5 billion, with the repurchase period from November 8, 2024, to November 7, 2025[18]. - As of March 31, 2025, the company had repurchased a total of 89.88 million shares, with an aggregate transaction amount of approximately RMB 2.02 billion for A-shares and about HKD 0.92 billion for H-shares[18].
中国东方航空股份(00670) - 2025 Q1 - 季度业绩