Financial Performance - Operating revenue for Q1 2023 was CNY 47.35 billion, a decrease of 55.13% compared to CNY 105.53 billion in the same period last year[3] - Net profit attributable to shareholders was CNY 7.13 billion, down 74.20% from CNY 27.62 billion year-on-year[3] - Basic earnings per share fell to CNY 0.44, a decline of 74.57% compared to CNY 1.72 in the previous year[3] - The company's EBIT for Q1 2023 is RMB 10.727 billion, a decrease of RMB 29.807 billion, representing a decline of 73.54% year-on-year[8] - Total revenue for Q1 2023 is RMB 42.303 billion, a decline of 57.40% compared to the previous year[12] - Total operating revenue for Q1 2023 was CNY 47.35 billion, a decrease of 55.2% compared to CNY 105.53 billion in Q1 2022[28] - Net profit for Q1 2023 was CNY 8.58 billion, a decline of 73.7% compared to CNY 32.57 billion in Q1 2022[29] - Total revenue from the container shipping business was RMB 45,700,657,000, a decrease of 58,152,198,000 compared to the same period last year[16] - The net profit for the container shipping business was RMB 7,586,247,000, a decrease of RMB 25,538,492,000 compared to the previous year[16] - Total comprehensive income for Q1 2023 was approximately ¥6.91 billion, a significant decrease from ¥32.03 billion in Q1 2022, representing an 78.4% decline[32] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 90.16%, from CNY 62.53 billion to CNY 6.15 billion[3] - Cash inflow from operating activities in Q1 2023 was approximately ¥52.78 billion, down from ¥106.39 billion in Q1 2022, a decrease of 50.5%[34] - Cash outflow from operating activities in Q1 2023 was approximately ¥46.62 billion, compared to ¥43.85 billion in Q1 2022, an increase of 6.3%[35] - Net cash flow from operating activities for Q1 2023 was approximately ¥6.15 billion, a significant drop from ¥62.54 billion in Q1 2022, representing a decline of 90.2%[35] - The ending cash and cash equivalents balance as of Q1 2023 was approximately ¥222.31 billion, down from ¥236.14 billion at the end of Q1 2022, a decrease of 5.9%[37] - The company reported a significant increase in tax payments, with cash outflow for taxes in Q1 2023 amounting to approximately ¥8.88 billion, compared to ¥1.85 billion in Q1 2022, an increase of 380.5%[35] - The cash flow from investing activities showed a net outflow of -5,304,309,987.02 RMB in Q1 2023, with investment payments amounting to 5,301,109,987.02 RMB[48] - The net cash flow from financing activities was -228,774,817.10 RMB in Q1 2023, contrasting with a positive flow of 186,070.50 RMB in Q1 2022[49] - The net increase in cash and cash equivalents was -6,375,081,523.07 RMB in Q1 2023, compared to -117,833,411.57 RMB in Q1 2022, indicating a significant deterioration in liquidity[49] Operational Metrics - The average China Containerized Freight Index (CCFI) dropped by 68.45% year-on-year, impacting revenue from container shipping[5] - The total cargo volume for Q1 2023 is 5,452,920 TEUs, a decrease of 11.50% compared to the same period last year[10] - Revenue from the Trans-Pacific route for Q1 2023 is RMB 10.342 billion, down 65.83% year-on-year[12] - The Asia-Europe route revenue decreased by 66.71% year-on-year, totaling RMB 9.721 billion in Q1 2023[12] - The cargo volume on the Trans-Pacific route decreased by 18.83% year-on-year, totaling 984,530 TEUs in Q1 2023[10] - The total throughput of the group's ports reached 30,305,420 TEUs, a slight increase of 0.05% year-on-year[20] - The total container shipping fleet consists of 475 vessels with a capacity of 2.8934 million TEUs as of March 31, 2023[9] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 500.96 billion, a decrease of 2.14% from CNY 511.78 billion at the end of the previous year[3] - The company's total liabilities decreased to CNY 240.92 billion as of March 31, 2023, down 6.7% from CNY 258.14 billion at the end of 2022[26] - Current liabilities totaled CNY 144.03 billion, a reduction of 9.6% from CNY 159.38 billion at the end of 2022[25] - Non-current liabilities amounted to CNY 96.88 billion, down 1.8% from CNY 98.75 billion at the end of 2022[26] - The company's total equity increased to CNY 260.04 billion as of March 31, 2023, up 2.5% from CNY 253.79 billion at the end of 2022[27] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 562,671, with the top ten shareholders holding a combined 42.59% of the total share capital[6][7] - The equity attributable to shareholders increased by 3.01% to CNY 206.62 billion from CNY 200.59 billion[3] Research and Development - Research and development expenses for Q1 2023 were CNY 209.78 million, an increase of 28.8% compared to CNY 162.76 million in Q1 2022[28] Investment Income - The company reported investment income of CNY 1.09 billion in Q1 2023, up 78.7% from CNY 612.87 million in Q1 2022[29] - The investment income for Q1 2023 was CNY 595,393,448.48, reflecting strong performance in this area[42] Accounting Standards - The company has adopted new accounting standards starting in 2023, which may impact future financial reporting[50]
中远海控(01919) - 2023 Q1 - 季度业绩