2022-10-30 16:00Financial Performance - Operating revenue for Q3 2022 was RMB 16,496 million, a decrease of 7.28% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2022 was -RMB 9,380 million, with a year-to-date net profit of -RMB 28,116 million, reflecting significant losses[3]. - Basic earnings per share for Q3 2022 was -0.4970 RMB, with a year-to-date figure of -1.4897 RMB[3]. - The decline in operating revenue of 31.72% year-to-date was primarily due to decreased passenger demand caused by the COVID-19 pandemic[6]. - The net profit attributable to shareholders decreased significantly due to high fuel prices and currency exchange losses[7]. - Total operating revenue for the first three quarters of 2022 was RMB 35,850 million, a decrease of 31.9% compared to RMB 52,501 million in the same period of 2021[19]. - Net profit for the first three quarters of 2022 was a loss of RMB 29,934 million, compared to a loss of RMB 8,580 million in the same period of 2021[19]. - The total comprehensive loss for the first three quarters of 2022 was RMB 29,826 million, compared to a loss of RMB 8,848 million in the same period of 2021[20]. - The company’s operating profit for the first three quarters of 2022 was a loss of RMB 30,042 million, compared to a loss of RMB 11,604 million in 2021[19]. Assets and Liabilities - Total assets at the end of Q3 2022 were RMB 288,095 million, a slight increase of 0.54% from the end of the previous year[4]. - Total assets as of September 30, 2022, amounted to RMB 288,095 million, compared to RMB 286,548 million at the end of 2021, showing a slight increase[16]. - The company’s total liabilities increased to RMB 263,011 million as of September 30, 2022, up from RMB 231,638 million at the end of 2021, reflecting a growth of approximately 13.5%[16]. - The equity attributable to shareholders decreased by 54.51% year-on-year, reflecting the overall financial strain[4]. - The company’s non-current assets totaled RMB 253,345 million as of September 30, 2022, down from RMB 258,638 million at the end of 2021[16]. Cash Flow - Cash flow from operating activities for the year-to-date period was -RMB 260 million, a decline of 102.03% compared to the previous year[3]. - Operating cash flow for the first three quarters of 2022 was negative RMB 260 million, a significant decline from positive RMB 12,828 million in 2021[21]. - Cash and cash equivalents at the end of the third quarter of 2022 totaled RMB 23,561 million, an increase from RMB 10,832 million at the end of the same period in 2021[21]. - As of September 30, 2022, cash and cash equivalents increased to RMB 23,575 million from RMB 12,962 million as of December 31, 2021, representing an increase of approximately 82.5%[15]. - Cash inflow from financing activities was RMB 110,102 million, an increase from RMB 103,157 million in the previous year[21]. Operational Developments - The company plans to issue up to 5,662,332,023 A-shares, raising a total of no more than RMB 15 billion, with China Eastern Airlines Group committing to subscribe at least RMB 5 billion[11]. - The company signed an agreement to introduce 100 A320NEO series aircraft, pending shareholder approval[12]. - The board approved a cap of RMB 9 billion for exclusive operating transactions related to air cargo business for 2022, pending shareholder approval[14]. - The company plans to adjust the cap for daily related transactions for the air cargo business in 2022, which is subject to shareholder approval[14]. - Shareholder Shanghai Junyao Group intends to reduce its holdings by up to 155,915,954 shares, accounting for 0.826% of the total share capital[12]. Costs and Expenses - Total operating costs increased to RMB 68,218 million, up 1.0% from RMB 67,880 million in the previous year[19]. - The company incurred financial expenses of RMB 7,309 million, a substantial increase from RMB 3,235 million in the previous year[19]. - The weighted average return on equity for Q3 2022 was -33.43%, a decrease of 27.06 percentage points year-on-year[3]. - Non-operating income for Q3 2022 amounted to RMB 123 million, down from RMB 237 million in the previous year[5].