渤海租赁(000415) - 2022 Q1 - 季度财报

Financial Performance - The company reported operating revenue of CNY 6.59 billion for Q1 2022, an increase of 13.35% compared to CNY 5.81 billion in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 737.80 million, a decline of 82.60% from a loss of CNY 404.06 million year-on-year[3]. - Total operating revenue for Q1 2022 was CNY 6,590,910,000, an increase of 13.3% from CNY 5,814,446,000 in Q1 2021[18]. - Net profit for Q1 2022 was a loss of CNY 1,006,256,000, compared to a loss of CNY 394,718,000 in Q1 2021, representing a significant increase in losses[18]. - Basic and diluted earnings per share for Q1 2022 were both CNY -0.1196, compared to CNY -0.0655 in Q1 2021[21]. - Other comprehensive income after tax for Q1 2022 was CNY 262,273,000, down from CNY 704,551,000 in the previous year[21]. Cash Flow - The net cash flow from operating activities increased by 63.85% to CNY 4.87 billion, up from CNY 2.97 billion in the previous year[3]. - Cash inflow from operating activities reached $5.76 billion, up from $3.69 billion in the previous period, representing a 56.4% increase[24]. - Cash outflow from investment activities decreased significantly to $4.07 billion from $9.08 billion, a reduction of 55.2%[24]. - Net cash flow from investment activities improved to -$2.90 billion, an improvement from -$7.72 billion in the previous period[24]. - Cash inflow from financing activities totaled $9.24 billion, down from $19.99 billion, a decline of 53.8%[24]. - Net cash flow from financing activities was -$3.45 billion, compared to $3.77 billion in the prior period, reflecting a significant change[24]. - The company's cash and cash equivalents at the end of the period were $4.17 billion, down from $15.68 billion, a decrease of 73.4%[25]. - The total cash inflow from operating activities included $5.40 billion from sales of goods and services, a substantial increase from $3.57 billion[24]. - The company reported a cash outflow of $10.56 billion for debt repayment, down from $14.21 billion, indicating a 25.5% reduction[24]. Assets and Liabilities - Total assets decreased by 1.71% to CNY 243.99 billion from CNY 248.23 billion at the end of the previous year[3]. - The company's total assets decreased to CNY 243,994,041,000 from CNY 248,231,069,000, a decline of 1%[16]. - Total liabilities decreased to CNY 204,882,688,000 from CNY 208,352,004,000, a reduction of 1.8%[16]. - The company's equity attributable to shareholders decreased to CNY 24,985,650,000 from CNY 25,594,571,000, a decline of 2.4%[16]. - Total current assets decreased from CNY 13,950,503,000 to CNY 10,931,410,000, a decline of approximately 21.6%[15]. - Total non-current assets decreased from CNY 234,280,566,000 to CNY 233,062,631,000, a slight decline of about 0.5%[15]. Investments and Impairments - The company recognized an impairment loss of USD 298 million (approximately CNY 1.90 billion) on aircraft assets due to the impact of the Russia-Ukraine conflict[5]. - Investment income increased significantly by 361.92% to CNY 1.38 billion, attributed to debt restructuring gains from related airlines[5]. - The company’s long-term equity investments decreased by 27.12% to CNY 11.69 billion, primarily due to losses from its joint venture Bohai Life[5]. - The company reported an investment income of CNY 99,786,000, a recovery from a loss of CNY -38,098,000 in Q1 2021[18]. Shareholder Information - The company reported a total of 79,579 common shareholders at the end of the reporting period[11]. - The largest shareholder, HNA Capital Group, holds 28.02% of shares, totaling 1,732,654,212 shares[11]. Debt and Financing - The company has not fully repaid the principal of its short-term financing bonds due to liquidity issues, with CNY 475 million remaining unpaid[13]. - The company is actively working on a debt resolution plan for the unpaid bonds and has proposed a phased repayment scheme[13]. Other Financial Metrics - The weighted average return on equity was -2.92%, down from -1.48% in the same period last year[3]. - The company’s financial expenses decreased by 10.30% year-on-year, amounting to a reduction of CNY 213 million[5]. - Financial expenses decreased to CNY 1,853,756,000 from CNY 2,066,673,000, a reduction of 10.3%[18]. - The company’s cash and cash equivalents decreased by 27.87% to CNY 20.40 billion due to debt repayments and aircraft procurement payments[5]. - The company’s goodwill decreased from CNY 8,139,161,000 to CNY 8,104,055,000, a decrease of approximately 0.4%[15]. - The company’s inventory increased from CNY 12,828,000 to CNY 16,331,000, an increase of about 27.5%[15].