华夏航空(002928) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥601,623,680.99, a decrease of 45.36% compared to ¥1,101,069,713.08 in the same period last year[4] - The net profit attributable to shareholders was -¥453,843,838.38, representing a decline of 845.02% from -¥48,024,688.52 year-on-year[4] - The net loss for the quarter was CNY 453,843,838.38, compared to a net loss of CNY 48,024,688.52 in the same period last year[32] - The total comprehensive income attributable to the parent company was -453,202,635.48 CNY, down from -48,442,515.02 CNY in the previous period[1] - Basic earnings per share were -0.4498 CNY, compared to -0.0474 CNY in the previous period, reflecting a worsening financial performance[1] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥301,117,061.63, a significant increase of 223.12% compared to -¥244,579,094.79 in the previous year[4] - Cash flow from operating activities generated a net inflow of 301,117,061.63 CNY, a recovery from a net outflow of -244,579,094.79 CNY in the previous period[40] - The total cash outflow from operating activities was 807,654,749.89 CNY, compared to 1,276,617,973.39 CNY in the previous period, indicating improved cash management[40] - The cash and cash equivalents increased by 36.16% to ¥1,893,536,694.26 from ¥1,390,696,433.01 at the end of the previous year[9] - The cash and cash equivalents at the end of the period amounted to 1,729,317,152.74 CNY, up from 1,236,503,433.21 CNY at the end of the previous period[41] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥15,722,647,125.15, down 2.96% from ¥16,202,858,827.78 at the end of the previous year[4] - Non-current liabilities totaled CNY 7,911,313,196.46, slightly up from CNY 7,894,228,385.58, indicating a marginal increase of 0.2%[29] - The company's equity attributable to shareholders decreased by 12.53% to ¥3,163,227,590.94 from ¥3,616,430,226.42 at the end of the previous year[4] - The company reported a decrease in accounts payable from CNY 454,643,307.34 to CNY 306,867,314.40, a reduction of 32.4%[29] - The company's long-term borrowings increased to CNY 1,841,991,287.43 from CNY 1,629,550,070.20, an increase of 13.0%[29] Operational Performance - The company reported a significant decline in passenger travel demand due to the ongoing pandemic, resulting in a 41.46% decrease in available ton kilometers (ATK) for domestic operations compared to the same period last year[16] - The total passenger volume decreased by 44.33% year-on-year, with 795,050 passengers carried in the first quarter of 2022[19] - The company experienced a 54.79% decline in cargo and mail turnover, totaling 263.47 million ton-kilometers in the first quarter[19] - The average load factor for passenger operations improved to 67.68%, up 2.14% from the previous year[19] - The company reported a 39.56% decrease in transport turnover (RTK), totaling 9,493.05 million ton-kilometers in the first quarter[19] Research and Development - Research and development expenses were reduced to ¥1,432,735.34, a decrease of 66.48% compared to ¥4,273,676.15 in the same period last year[9] - Research and development expenses for the quarter were CNY 1,432,735.34, significantly lower than CNY 4,273,676.15 from the previous year, a reduction of 66.5%[32] Future Plans and Initiatives - The company plans to raise up to 2.5 billion yuan through a private placement of shares, with the proposal disclosed on January 25, 2022[19] - The company is currently advancing its non-public stock issuance process, with regulatory approvals in progress[22] Other Financial Metrics - The weighted average return on equity was -13.39%, a decline of 12.12% compared to -1.27% in the same period last year[4] - The company experienced a 64.54% decrease in contract liabilities, which fell to ¥21,045,186.75 from ¥59,351,814.74[9] - Total operating costs amounted to CNY 1,125,145,379.20, down from CNY 1,254,160,732.83, reflecting a reduction of 10.3%[32] - The company reported a significant increase in non-operating income, which rose by 55.00% to ¥513,964.90 from ¥331,585.69 year-on-year[9]