Financial Performance - Operating revenue for the first quarter was RMB 12,917,577, a decrease of 11.41% compared to the same period last year[3] - Net profit attributable to shareholders was a loss of RMB 8,899,923, with a basic earnings per share of -0.65 yuan[3] - Net profit for Q1 2022 was a loss of CNY 9,871,659 thousand, compared to a loss of CNY 6,947,050 thousand in Q1 2021, reflecting a worsening of 42.5%[21] - The total comprehensive income for Q1 2022 was a loss of CNY 10,009,745 thousand, compared to a loss of CNY 6,864,345 thousand in Q1 2021[22] - The company reported a total operating cost of CNY 23,144,688 thousand for Q1 2022, slightly up from CNY 23,098,558 thousand in Q1 2021[19] - The basic earnings per share for Q1 2022 was CNY -0.65, compared to CNY -0.45 in Q1 2021[22] Cash Flow - Net cash flow from operating activities was -RMB 7,658,829, indicating significant cash outflow[3] - The net cash flow from operating activities for Q1 2022 was a negative CNY 7,658,829 thousand, compared to a negative CNY 1,254,296 thousand in Q1 2021, indicating a significant decline in cash flow[24] - The company incurred a total of CNY 6,550,937 thousand in cash payments to employees during Q1 2022, which is comparable to CNY 6,584,075 thousand in Q1 2021[24] - The company experienced a net increase in cash inflows from operating activities of CNY 15,871,521 thousand in Q1 2022, compared to CNY 16,009,589 thousand in Q1 2021[24] - The company reported a significant increase in other cash payments related to operating activities, totaling CNY 7,261,889 thousand in Q1 2022, compared to CNY 1,825,572 thousand in Q1 2021[24] - In Q1 2022, the net cash flow from investment activities was -1,900,020, a significant decrease compared to 143,326 in Q1 2021[25] - Cash inflow from financing activities in Q1 2022 totaled 20,779,966, up from 14,841,024 in Q1 2021, indicating a growth of approximately 39.5%[25] - The cash outflow from financing activities increased to 15,936,311 in Q1 2022 from 10,400,150 in Q1 2021, representing a rise of about 53.5%[25] - The ending cash and cash equivalents balance for Q1 2022 was 11,211,826, compared to 9,191,568 in Q1 2021, reflecting an increase of approximately 22%[26] - Cash received from bond issuance in Q1 2022 was 5,750,000, significantly higher than 700,000 in Q1 2021[25] - Cash received from borrowings in Q1 2022 was 15,029,966, compared to 13,650,876 in Q1 2021, showing an increase of about 10%[25] - The cash flow from investment activities saw a total inflow of 362,721 in Q1 2022, down from 762,565 in Q1 2021, indicating a decline of approximately 52.4%[25] - The net cash flow from financing activities for Q1 2022 was 4,843,655, slightly up from 4,440,874 in Q1 2021[25] - The impact of exchange rate changes on cash and cash equivalents in Q1 2022 was -7,693, contrasting with a positive impact of 23,666 in Q1 2021[26] - The cash received from other investment-related activities in Q1 2022 was 76,675, compared to 31,118 in Q1 2021, marking an increase of approximately 146%[25] Assets and Liabilities - Total assets at the end of the reporting period were RMB 293,138,034, down 1.77% from the previous year[4] - The total liabilities as of March 31, 2022, were RMB 237,282,706 thousand, an increase from RMB 232,550,079 thousand on December 31, 2021[16] - The company's cash and cash equivalents decreased to RMB 11,953,983 thousand from RMB 16,709,664 thousand, reflecting a decline of 28.5%[14] - Long-term borrowings increased to RMB 48,114,323 thousand as of March 31, 2022, compared to RMB 43,620,468 thousand at the end of 2021, representing an increase of 11.4%[16] - The total non-current assets were RMB 144,352,918 thousand as of March 31, 2022, up from RMB 141,134,355 thousand at the end of 2021[16] - The company's inventory increased to RMB 2,611,116 thousand from RMB 2,050,282 thousand, marking a rise of 27.3%[14] - The company reported a significant decrease in accounts receivable, which fell to RMB 1,565,549 thousand from RMB 2,991,037 thousand, a decline of 47.5%[14] - The company’s total current liabilities were RMB 92,929,788 thousand as of March 31, 2022, compared to RMB 91,415,724 thousand at the end of 2021[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 111,662, including 3,022 H-share registered shareholders[8] - Major shareholder China National Aviation Holding Company holds 40.98% of shares, totaling 5,952,236,697 shares[9] - The company’s major shareholder, China National Aviation Holding Company, holds a total of 51.70% of the shares directly and indirectly[10] Government Support - The company received government subsidies amounting to RMB 73,932, which are closely related to normal business operations[6] Challenges - The company faced challenges due to the domestic pandemic and rising fuel prices, impacting profitability[7]
中国国航(00753) - 2022 Q1 - 季度财报