2022-04-29 16:00Financial Performance - The total revenue for Q1 2022 was RMB 12,665 million, representing a decrease of 5.45% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of RMB 7,760 million, with a net profit excluding non-recurring items also showing a loss of RMB 7,823 million[5]. - The net loss for Q1 2022 was RMB 8,269 million, compared to a net loss of RMB 4,113 million in Q1 2021, representing a 100.4% increase in losses[22]. - The weighted average return on equity was -16.33%, a decrease of 9.00 percentage points compared to the previous year[5]. - Total operating revenue for Q1 2022 was RMB 12,665 million, a decrease of 5.4% compared to RMB 13,395 million in Q1 2021[20]. - Total operating costs for Q1 2022 were RMB 21,821 million, an increase of 6.9% from RMB 20,416 million in Q1 2021[20]. Cash Flow - The net cash flow from operating activities was negative RMB 4,067 million, a significant decline of 1,399.36% year-on-year[5]. - In Q1 2022, the cash inflow from operating activities was RMB 14,236 million, a decrease of 17.3% from RMB 17,228 million in Q1 2021[24]. - The net cash flow from operating activities was negative RMB 4,067 million, compared to a positive RMB 313 million in the same period last year[24]. - Cash outflow for purchasing goods and services was RMB 10,319 million, an increase of 13.1% from RMB 9,125 million in Q1 2021[24]. - The cash inflow from investment activities was RMB 474 million, up from RMB 338 million in Q1 2021[24]. - The net cash flow from investment activities improved to negative RMB 784 million, compared to negative RMB 2,316 million in Q1 2021[24]. - Cash inflow from financing activities was RMB 42,000 million, down 22.9% from RMB 54,515 million in Q1 2021[25]. - The net cash flow from financing activities was RMB 4,855 million, a decrease of 51.7% from RMB 10,039 million in the same quarter last year[25]. - The total cash outflow for financing activities was RMB 37,145 million, compared to RMB 44,476 million in Q1 2021[25]. - The company reported a net increase in cash and cash equivalents of RMB 3 million, significantly lower than RMB 8,042 million in Q1 2021[25]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 283,792 million, down 0.96% from the end of the previous year[6]. - Total assets as of March 31, 2022, were RMB 283,792 million, down from RMB 286,548 million at the end of 2021[19]. - Total liabilities as of March 31, 2022, were RMB 237,123 million, an increase from RMB 231,638 million at the end of 2021[19]. - Shareholders' equity attributable to shareholders decreased by 15.05% to RMB 43,641 million compared to the end of the previous year[6]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 174,945[10]. - The largest shareholder, China Eastern Airlines Group, held 40.10% of the shares, totaling 7,567,853,802 shares[10]. Operational Challenges - The decline in net profit was primarily due to decreased passenger demand caused by the COVID-19 pandemic and high fuel prices, which significantly increased operating costs[8]. - The company experienced a significant increase in accounts receivable, which rose to RMB 1,498 million from RMB 974 million year-over-year[16]. Research and Development - Research and development expenses for Q1 2022 were RMB 75 million, an increase of 70.5% from RMB 44 million in Q1 2021[20]. Earnings Per Share - The company reported a basic and diluted earnings per share of -0.41 yuan for Q1 2022, compared to -0.23 yuan in Q1 2021[22].