Financial Performance - The company's operating revenue for Q1 2023 reached RMB 22,261 million, representing a year-on-year increase of 75.77%[4] - The net profit attributable to shareholders was a loss of RMB 3,803 million, with a basic and diluted earnings per share of -0.1706 yuan[4] - The net cash flow from operating activities was RMB 6,665 million, indicating a significant improvement in operational performance[4] - Total operating revenue for Q1 2023 reached RMB 22,261 million, a significant increase from RMB 12,665 million in Q1 2022, representing a growth of 75.5%[18] - The net loss for Q1 2023 was RMB 3,999 million, an improvement compared to a net loss of RMB 8,269 million in Q1 2022, reflecting a reduction of 51.7%[19] - The total comprehensive income attributable to the parent company for Q1 2023 was -RMB 4,063 million, an improvement from -RMB 8,241 million in Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period were RMB 288,507 million, a slight increase of 0.97% compared to the previous year[5] - The equity attributable to shareholders decreased to RMB 25,213 million, down 13.30% from the end of the previous year[5] - The total liabilities of the company were RMB 262,469 million, compared to RMB 255,641 million, which is an increase of about 2.9%[17] - The equity attributable to the owners of the parent company decreased to RMB 25,213 million from RMB 29,080 million, a decline of approximately 13.3%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 162,152[8] - The largest shareholder, China Eastern Airlines Group Co., Ltd., holds 39.06% of the shares, totaling 8,706,805,967 shares[9] Cash Flow and Financing - Cash flow from operating activities for Q1 2023 was RMB 6,665 million, a turnaround from a negative cash flow of RMB 4,067 million in Q1 2022[22] - The company’s total cash inflow from financing activities in Q1 2023 was RMB 29,000 million, down from RMB 42,000 million in Q1 2022[23] - The company’s total cash outflow from operating activities was RMB 19,323 million in Q1 2023, compared to RMB 18,303 million in Q1 2022, indicating a slight increase[22] - In Q1 2023, the net increase in cash and cash equivalents was 2,332 million, compared to 3 million in Q1 2022[25] - The ending balance of cash and cash equivalents for Q1 2023 was 19,873 million, up from 12,953 million in Q1 2022[25] Operational Highlights - The increase in operating revenue was primarily driven by the recovery in the air passenger market and increased transportation turnover[7] - Total operating costs in Q1 2023 were RMB 27,205 million, up from RMB 21,821 million in Q1 2022, indicating a rise of 24.5%[18] - Other income for Q1 2023 was RMB 945 million, compared to RMB 869 million in Q1 2022, reflecting a growth of 8.7%[18] Research and Development - Research and development expenses increased to RMB 87 million in Q1 2023 from RMB 75 million in Q1 2022, marking a growth of 16%[18] Corporate Actions - The company issued 3,416,856,492 A-shares in a private placement, completing the registration and custody procedures on January 12, 2023[12] - The company plans to voluntarily delist its American Depositary Shares from the New York Stock Exchange, as announced on January 13, 2023[12] Share Pledges - As of the end of the reporting period, the company had pledged a total of 1.67 billion H-shares[11]
中国东方航空股份(00670) - 2023 Q1 - 季度业绩