Financial Performance - The company's operating revenue for Q1 2023 reached RMB 25,067,711 thousand, representing a significant increase of 94.06% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was a loss of RMB 2,926,407 thousand, with a substantial reduction in losses driven by increased capacity and higher passenger load factors[2][4]. - The net cash flow from operating activities was RMB 6,796,158 thousand, indicating strong operational performance despite the net loss[2]. - Total operating revenue for Q1 2023 reached RMB 25,067,711 thousand, a significant increase of 94.5% compared to RMB 12,917,577 thousand in Q1 2022[12]. - The net loss for Q1 2023 was RMB 3,273,648 thousand, an improvement from a net loss of RMB 9,871,659 thousand in Q1 2022[13]. - The company reported a gross profit margin of approximately -18.5% for Q1 2023, compared to -81.1% in Q1 2022[12]. - The basic earnings per share for Q1 2023 was -0.19, an improvement from -0.65 in Q1 2022[14]. Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 345,152,642 thousand, reflecting a 17.00% increase from the previous year[2]. - The company's current assets as of March 31, 2023, amounted to RMB 45,439,221,000, an increase from RMB 22,245,131,000 as of December 31, 2022, representing a growth of approximately 104.4%[9]. - Total non-current assets as of March 31, 2023, were RMB 299,713,421,000, compared to RMB 272,766,204,000 as of December 31, 2022, indicating an increase of about 9.9%[10]. - The company's total liabilities as of March 31, 2023, were RMB 345,152,642,000, up from RMB 295,011,335,000 at the end of 2022, representing an increase of approximately 17%[10]. - The total liabilities as of March 31, 2023, amounted to RMB 315,810,676 thousand, an increase from RMB 273,451,149 thousand as of December 31, 2022[11]. Shareholder Equity - The equity attributable to shareholders of the listed company increased by 49.63% to RMB 35,325,730 thousand, attributed to a non-public issuance of A shares during the reporting period[2][4]. - The total equity attributable to shareholders was RMB 29,341,966 thousand as of March 31, 2023, compared to RMB 21,560,186 thousand at the end of 2022[11]. - The company’s total equity as of March 31, 2023, was RMB 54,490,000,000, compared to RMB 56,000,000,000 at the end of 2022, showing a decrease of approximately 2.7%[10]. Cash Flow - The company's cash and cash equivalents increased to RMB 32,638,728,000 as of March 31, 2023, compared to RMB 11,435,877,000 at the end of 2022, reflecting a growth of approximately 184.5%[9]. - The net cash flow from operating activities was RMB 6,796,158 thousand, a significant improvement from a net outflow of RMB 7,658,829 thousand in Q1 2022[16]. - Cash inflow from investment activities totaled RMB 5,792,825 thousand in Q1 2023, compared to RMB 362,721 thousand in Q1 2022, indicating a substantial increase[17]. - The net cash flow from financing activities was RMB 11,245,378 thousand in Q1 2023, up from RMB 4,843,655 thousand in Q1 2022, reflecting strong financing efforts[17]. - The total cash and cash equivalents at the end of Q1 2023 reached RMB 32,052,201 thousand, a significant increase from RMB 11,211,826 thousand at the end of Q1 2022[18]. - The net increase in cash and cash equivalents for Q1 2023 was RMB 21,444,490 thousand, compared to a net decrease of RMB 4,722,887 thousand in Q1 2022[18]. Operational Capacity and Strategy - The company has increased its operational capacity, leading to improved revenue and reduced losses, driven by higher load factors and pricing levels[4]. - The company is focused on expanding its market presence and enhancing operational efficiency through strategic investments and capacity increases[4]. - The company completed a private placement of 1,675,977,653 A-shares at a price of RMB 8.95 per share, raising a total of RMB 14,999,999,994.35[8]. - As of March 21, 2023, the company acquired control of Shandong Airlines Group, which will be included in the consolidated financial statements[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 126,705, with the largest shareholder being China National Aviation Holding Company, holding 40.53% of shares[5]. Expenses and Investments - The company incurred financial expenses of RMB 1,059,233 thousand in Q1 2023, a decrease from RMB 1,251,104 thousand in Q1 2022[12]. - Research and development expenses for Q1 2023 were RMB 69,676 thousand, compared to RMB 38,099 thousand in Q1 2022, indicating increased investment in innovation[12]. - The company reported investment income of RMB 737,421 thousand in Q1 2023, a recovery from a loss of RMB 842,440 thousand in Q1 2022[12].
中国国航(00753) - 2023 Q1 - 季度业绩