2023-04-28 16:00Financial Performance - The operating revenue for Q1 2023 was 75.77 million RMB, reflecting a significant increase due to the recovery in the air passenger market[4] - The net profit attributable to shareholders was -3,803 million RMB, indicating a loss compared to the previous year[4] - The basic and diluted earnings per share were both -0.1706 RMB, not applicable due to the loss[4] - Total operating revenue for Q1 2023 was 22,261 million RMB, compared to 12,665 million RMB in Q1 2022, representing a year-over-year increase of 75.5%[48] - Net profit for Q1 2023 was -3,999 million RMB, an improvement from -8,269 million RMB in Q1 2022, showing a reduction in losses[60] - The company reported a basic and diluted earnings per share of -0.17 RMB for Q1 2023, compared to -0.41 RMB in Q1 2022[61] Cash Flow and Liquidity - The net cash flow from operating activities was 6,665 million RMB, showing improvement as the company capitalized on market recovery[5] - Cash flow from operating activities for Q1 2023 was 6,665 million RMB, a significant recovery from -4,067 million RMB in Q1 2022[62] - The company’s cash and cash equivalents were reported at 19,887 million RMB, a decrease from 17,553 million RMB[39] - The ending cash and cash equivalents balance was 19,873 million, an increase from 12,953 million at the beginning of the period[63] - The net cash flow from investing activities was -1,710 million, compared to -784 million in the previous period[63] - The total cash inflow from financing activities was 29,000 million, up from 42,000 million in the previous period[63] - The cash outflow from financing activities totaled 31,622 million, compared to 37,145 million previously[63] - The net cash flow from financing activities was -2,622 million, contrasting with a positive 4,855 million in the previous period[63] - The cash inflow from investment activities was 928 million, compared to 474 million previously[63] - The cash outflow for investments was 2,638 million, up from 1,258 million in the previous period[63] Assets and Liabilities - Total assets at the end of the reporting period were 288,507 million RMB, a slight increase of 0.97% from the previous year[4] - Total assets as of the reporting date were 288,507 million RMB, slightly up from 285,742 million RMB in the previous period[47] - Total liabilities amounted to 262,469 million RMB, compared to 255,641 million RMB previously, reflecting an increase of 2.9%[47] - The company’s long-term borrowings stood at 50,881 million RMB, compared to 38,359 million RMB previously, indicating an increase of 32.8%[47] - Shareholder equity attributable to shareholders decreased by 13.30% to 25,213 million RMB[5] Operational Strategy - The company is focused on enhancing operational performance by leveraging the recovery in air passenger traffic[5] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[60] - The company issued 3,416,856,492 A-shares in a private placement, completed on January 12, 2023[27] - The company plans to voluntarily delist its American Depositary Shares from the New York Stock Exchange[27] Other Financial Metrics - The weighted average return on equity was -13.99%, an increase of 2.34 percentage points from the previous year[4] - The impact of exchange rate changes on cash and cash equivalents was negligible at -1 million[63] - The company did not receive any cash from new investments during the period[63] - The company did not absorb any new investments during the reporting period[63]