Financial Performance - Operating revenue for Q1 2025 was CNY 43,407 million, a decrease of 2.68% compared to CNY 44,601 million in the same period last year[7]. - Net profit attributable to shareholders was CNY -747 million, compared to CNY 756 million in the previous year, indicating a significant loss[7]. - Basic earnings per share for the period were CNY -0.04, down from CNY 0.04 in the same period last year[7]. - The company reported a weighted average return on net assets of -2.17%, down from 2.03% in the previous year[7]. - The diluted earnings per share decreased compared to the same period last year, impacted by changes in passenger composition and other factors[11]. - Net profit for Q1 2025 was -369 million RMB, a significant decline from a net profit of 1,256 million RMB in Q1 2024[28]. - The company reported an operating profit of -69 million RMB for Q1 2025, compared to an operating profit of 1,519 million RMB in Q1 2024[27]. Cash Flow and Liquidity - Net cash flow from operating activities decreased by 54.67% to CNY 4,432 million from CNY 9,777 million year-on-year[7]. - The net cash flow from operating activities was 4,432 million RMB in Q1 2025, down from 9,777 million RMB in Q1 2024, reflecting a decline of 54.7%[34]. - The total cash paid for operating activities in Q1 2025 was 42,609 million RMB, compared to 40,142 million RMB in Q1 2024, representing an increase of 6.1%[34]. - The cash inflow from financing activities in Q1 2025 was 22,031 million RMB, significantly higher than 7,376 million RMB in Q1 2024, indicating increased borrowing[35]. - The company reported a net increase in cash and cash equivalents of -1,092 million RMB in Q1 2025, contrasting with a positive increase of 161 million RMB in Q1 2024[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 330,243 million, a slight increase of 0.15% from CNY 329,738 million at the end of the previous year[7]. - Total liabilities as of March 31, 2025, amounted to 278,017 million RMB, a slight increase from 277,143 million RMB at the end of 2024[22]. - Non-current liabilities totaled 141,857 million RMB as of March 31, 2025, compared to 138,741 million RMB at the end of 2024, marking a 1.53% increase[22]. - The company's total equity attributable to shareholders was 33,982 million RMB as of March 31, 2025, down from 34,729 million RMB at the end of 2024[22]. - The company's total non-current liabilities decreased to RMB 29,853 million from RMB 35,457 million, a reduction of approximately 15.93%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 150,753[13]. - China Southern Airlines Group Co., Ltd. holds 51.90% of the shares, amounting to 9,404,468,936 shares[13]. - The top ten shareholders collectively hold significant stakes, with the second-largest being Nanjing Long Holdings Co., Ltd. at 14.41%[13]. - The number of shares held by the top ten unrestricted shareholders includes significant holdings by state-owned and foreign entities[14]. Operational Challenges - The net profit attributable to shareholders decreased due to changes in passenger composition, high-speed rail impacts, global supply chain tensions, and RMB depreciation[11]. - The company is facing challenges from global supply chain issues and currency fluctuations, which are affecting overall performance[11]. - The financial report has not been audited, indicating preliminary figures[5]. - The company has not disclosed specific future outlook or guidance in this report[3]. - The company has not disclosed any new strategies or product developments in the current reporting period[11]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 413 million for the period, with significant contributions from asset disposals and other operating income[9]. - The company's cash and cash equivalents stood at RMB 14,477 million, down from RMB 15,994 million, indicating a decline of approximately 9.49%[19]. - The company's long-term equity investments increased to RMB 7,418 million from RMB 7,168 million, reflecting a growth of about 3.48%[20]. - The company's fixed assets rose to RMB 103,625 million from RMB 100,691 million, an increase of approximately 2.91%[20]. - The company recorded other income of 1,006 million RMB in Q1 2025, an increase from 767 million RMB in Q1 2024[27].
中国南方航空股份(01055) - 2025 Q1 - 季度业绩