Financial Performance - Operating revenue for Q3 2022 was RMB 29,344 million, an increase of 9.01% year-on-year[4] - Net profit attributable to shareholders for Q3 2022 was a loss of RMB 6,099 million, a deterioration of 326.21% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was a loss of RMB 6,571 million, an increase of 298.24% year-on-year[4] - Total operating revenue for the first three quarters of 2022 was RMB 70,161 million, a decrease of 10.4% compared to RMB 78,495 million in the same period of 2021[17] - Net profit for the first three quarters of 2022 was a loss of RMB 18,135 million, compared to a loss of RMB 5,100 million in 2021[18] - Basic and diluted earnings per share for Q3 2022 were both RMB -0.36, reflecting a 350.00% decline year-on-year[4] - Basic and diluted earnings per share for the first three quarters of 2022 were both -1.03 RMB, compared to -0.38 RMB in 2021[20] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was RMB 7,300 million, down 44.52% compared to the previous year[4] - Operating cash inflow for the first three quarters of 2022 was RMB 83,901 million, a decrease of 5.5% from RMB 88,760 million in the same period of 2021[21] - Cash outflow from operating activities totaled RMB 76,601 million, an increase of 1.3% compared to RMB 75,602 million in the previous year[22] - Net cash flow from operating activities was RMB 7,300 million, down 44.7% from RMB 13,158 million in the first three quarters of 2021[22] - Cash inflow from investment activities was RMB 5,068 million, significantly higher than RMB 1,554 million in the same period last year[22] - Net cash flow from investment activities was -RMB 2,671 million, an improvement from -RMB 12,208 million in the previous year[22] - Cash inflow from financing activities was RMB 79,291 million, a decrease of 35.7% from RMB 123,324 million in the first three quarters of 2021[23] - Net cash flow from financing activities was -RMB 11,279 million, worsening from -RMB 4,386 million in the same period last year[23] - The ending cash and cash equivalents balance was RMB 14,886 million, down from RMB 21,979 million at the end of the previous year[23] - The company received RMB 5,600 million in tax refunds, a significant increase from RMB 47 million in the same period of 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were RMB 309,794 million, a decrease of 4.07% from the end of the previous year[4] - Total assets as of September 30, 2022, were RMB 309,794 million, down from RMB 322,948 million at the end of 2021[16] - Total liabilities increased to RMB 243,706 million as of September 30, 2022, compared to RMB 238,703 million at the end of 2021[15] - Non-current assets totaled RMB 280,186 million as of September 30, 2022, a slight decrease from RMB 285,082 million at the end of 2021[16] - The company’s total equity decreased to RMB 66,088 million as of September 30, 2022, down from RMB 84,245 million at the end of 2021[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 137,795[7] - The company has a total of 6,147,463,051 shares held by its largest shareholder, China Southern Airlines Group[8] - The company has a total of 2,648,836,036 H shares held by its wholly-owned subsidiary, Nanjing Holdings, indicating a significant stake in the company[8] Operational Challenges - The company faced multiple adverse factors including the pandemic, high oil prices, and depreciation of the RMB, leading to increased losses[6] Other Financial Metrics - Cash and cash equivalents decreased to RMB 15,195 million from RMB 21,841 million, reflecting a reduction of about 30.4%[12] - The accounts receivable increased to RMB 4,499 million, up from RMB 2,894 million, indicating an increase of approximately 55.5%[12] - Long-term equity investments increased to RMB 6,084 million from RMB 5,977 million, showing a growth of approximately 1.8%[13] - The company reported a financial expense of RMB 8,470 million for the first three quarters of 2022, significantly higher than RMB 3,726 million in 2021[17] - Deferred tax assets increased to RMB 16,903 million as of September 30, 2022, compared to RMB 12,831 million at the end of 2021[14] - The company reported a significant increase in other receivables, rising to RMB 1,542 million from RMB 1,275 million, which is an increase of approximately 20.9%[13] - The company has provided guarantees totaling USD 53.72 billion for 43 SPV companies, which is within the approved guarantee limit by the shareholders' meeting[11] - The company has established SPVs with various guaranteed amounts, with the highest being USD 5.88 billion for SPV 9[10] - The company reported a cash outflow of RMB 18,820 million for employee payments, a decrease of 8.0% from RMB 20,461 million in the previous year[22] - The company's fixed assets decreased to RMB 88,679 million from RMB 90,817 million, a decline of about 2.4%[13]
中国南方航空股份(01055) - 2022 Q3 - 季度财报