CSN(SH:600029)2023-04-28 16:00Financial Performance - Operating revenue for Q1 2023 reached RMB 34,055 million, an increase of 58.61% compared to the same period last year[4] - Net profit attributable to shareholders was a loss of RMB 1,898 million, reflecting a recovery in the air passenger market[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 2,163 million[5] - Basic and diluted earnings per share were both -0.10 RMB, indicating a reduction in losses[5] - Net profit for Q1 2023 was a loss of RMB 1,724 million, compared to a loss of RMB 4,539 million in Q1 2022, showing an improvement of 62.0%[20] - The total comprehensive income attributable to the parent company for Q1 2023 was -1,898 million RMB, an improvement from -4,496 million RMB in Q1 2022[21] Cash Flow and Liquidity - Net cash flow from operating activities was RMB 8,808 million, a significant increase compared to the previous year[5] - The net cash flow from operating activities for Q1 2023 was 8,808 million RMB, compared to only 17 million RMB in Q1 2022, indicating a substantial improvement[24] - The company incurred a net cash outflow of 8,176 million RMB from financing activities in Q1 2023, a decline from a net inflow of 1,081 million RMB in the same period last year[25] - The cash inflow from investment activities was 987 million RMB in Q1 2023, an increase from 607 million RMB in Q1 2022[24] - The total cash inflow from operating activities was 38,946 million RMB in Q1 2023, compared to 23,889 million RMB in Q1 2022, indicating strong operational performance[24] Assets and Liabilities - Total assets at the end of the reporting period were RMB 308,760 million, a decrease of 1.04% from the end of the previous year[5] - The company's total assets decreased to RMB 308,760 million in Q1 2023 from RMB 312,001 million in Q4 2022, a decline of 1.0%[17] - Total liabilities for Q1 2023 were RMB 255,370 million, slightly down from RMB 256,887 million in Q4 2022, a decrease of 0.6%[16] Shareholder Information - Shareholder equity attributable to shareholders was RMB 39,159 million, down 4.62% from the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 139,577[9] - The largest shareholder, China Southern Airlines Group Co., Ltd., holds 51.90% of the shares[9] - The company has a significant foreign shareholder base, with 2,612,124,036 shares held by Nanlong Holdings Limited[10] - The company has a total of 2,648,836,036 shares held by related parties through various subsidiaries[10] Operational Costs and Expenses - Total operating costs for Q1 2023 were RMB 36,569 million, up from RMB 28,055 million in Q1 2022, indicating a rise of 30.4%[18] - Research and development expenses rose to RMB 114 million in Q1 2023, up from RMB 88 million in Q1 2022, reflecting a growth of 29.5%[18] - The cash outflow for purchasing goods and services was 20,631 million RMB in Q1 2023, compared to 15,009 million RMB in Q1 2022, reflecting increased operational costs[24] Guarantees and SPV Companies - The company has provided guarantees totaling USD 54.33 million for various SPV companies during the reporting period[13] - The company has issued guarantees for SPV companies, including USD 5.88 million for South Airlines No. 9 and USD 5.17 million for South Airlines No. 10[12] - The company has a total of 24 SPV companies that have received guarantees, with amounts ranging from USD 0.08 million to USD 5.88 million[13] Future Outlook - The company has not disclosed any significant new product developments or market expansions during the reporting period[11] - The company has not provided specific future performance guidance in the current report[11] - The company has not indicated any plans for mergers or acquisitions in the near term[11]