Financial Performance - Operating revenue for Q3 2022 was RMB 16,496 million, a decrease of 7.28% compared to the same period last year[5]. - Net profit attributable to shareholders was RMB -9,380 million, with a year-to-date loss of RMB -28,116 million[5]. - Total operating revenue for the first three quarters of 2022 was RMB 35,850 million, a decrease of 31.8% compared to RMB 52,501 million in the same period of 2021[25]. - Net loss for the first three quarters of 2022 was RMB 29,934 million, compared to a net loss of RMB 8,580 million in the same period of 2021[26]. - The total comprehensive income for the first three quarters of 2022 was -29,826 million RMB, compared to -8,848 million RMB in the same period of 2021, reflecting a significant decline[27]. - Basic and diluted earnings per share for the first three quarters of 2022 were both -1.4897 RMB, compared to -0.4983 RMB in the same period of 2021[27]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was RMB -260 million, representing a decrease of 102.03% compared to the previous year[5]. - The net cash flow from operating activities for the first three quarters of 2022 was -260 million RMB, a decrease from 12,828 million RMB in the same period of 2021[28]. - Cash inflow from operating activities totaled 47,390 million RMB in 2022, down from 62,295 million RMB in 2021, indicating a 24% decrease[28]. - The net cash flow from investing activities was -4,185 million RMB in 2022, worsening from -2,694 million RMB in 2021[29]. - Cash inflow from financing activities increased to 110,102 million RMB in 2022, compared to 103,157 million RMB in 2021, showing a growth of approximately 6%[30]. - The total cash and cash equivalents at the end of September 2022 were 23,561 million RMB, up from 10,832 million RMB at the end of September 2021[30]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 288,095 million, a slight increase of 0.54% from the previous year[5]. - Non-current assets totaled RMB 253,345 million as of September 30, 2022, down from RMB 258,638 million as of December 31, 2021[20]. - Current liabilities increased to RMB 110,368 million as of September 30, 2022, compared to RMB 85,891 million as of December 31, 2021[20]. - Long-term borrowings rose to RMB 42,359 million as of September 30, 2022, up from RMB 28,151 million as of December 31, 2021[21]. - Total liabilities amounted to RMB 263,011 million as of September 30, 2022, compared to RMB 231,638 million as of December 31, 2021[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 151,072[11]. - The largest shareholder, China Eastern Airlines Group, holds 40.10% of the shares, totaling 7,567,853,802 shares[12]. - Shanghai Junyao Group intends to reduce its holdings by up to 155,915,954 shares, representing 0.826% of the total share capital[17]. - The total number of shares pledged by Donghang International Holdings (Hong Kong) reached 1.67 billion shares as of the report date[14]. Operational Highlights - The decline in operating revenue was primarily due to decreased passenger demand caused by the COVID-19 pandemic[7]. - The company reported non-operating income of RMB 123 million for the current period, with government subsidies contributing RMB 155 million[6]. - The company has signed an agreement to introduce 100 A320NEO series aircraft, pending shareholder approval[15]. - The company has set the upper limit for daily related transactions for air cargo business at RMB 9 billion for 2022, pending shareholder approval[17]. - The company reported a financial expense of RMB 7,309 million for the first three quarters of 2022, significantly higher than RMB 3,235 million in the same period of 2021[25]. Inventory and Receivables - The company reported a total of RMB 1,768 million in inventory as of September 30, 2022, slightly down from RMB 1,799 million in the previous year[19]. - The accounts receivable increased to RMB 1,263 million from RMB 974 million, reflecting a rise of approximately 29.7%[19].
中国东方航空股份(00670) - 2022 Q3 - 季度财报