CEA(SH:600115)2024-04-29 13:28Financial Performance - The company's operating revenue for Q1 2024 was RMB 33,189 million, representing a 48.96% increase compared to RMB 22,261 million in the same period last year[4]. - The net profit attributable to shareholders was RMB -803 million, showing an improvement from RMB -3,803 million year-over-year[4]. - Net profit for Q1 2024 was a loss of RMB 931 million, compared to a loss of RMB 4,036 million in Q1 2023, showing an improvement in performance[29]. - The weighted average return on equity improved by 12 percentage points, reaching -1.99% compared to -13.99% in the previous year[5]. - The basic and diluted earnings per share were both reported at RMB -0.04, unchanged from the previous year[5]. - The company reported a basic and diluted earnings per share of RMB -0.04 for Q1 2024, an improvement from RMB -0.17 in Q1 2023[45]. Cash Flow and Assets - The cash flow from operating activities decreased by 29.36%, ending at RMB 4,738 million compared to RMB 6,665 million at the end of the previous year[5]. - Cash flow from operating activities for Q1 2024 was RMB 4,738 million, compared to RMB 6,707 million in Q1 2023, reflecting a decrease in cash flow generation[46]. - Cash and cash equivalents at the end of the period amounted to 4,849 million, down from 20,504 million[47]. - The net increase in cash and cash equivalents was -7,012 million, compared to an increase of 2,331 million in the previous year[47]. - Total assets as of March 31, 2024, were RMB 273,381 million, a decrease of 3.25% from RMB 282,491 million at the end of the previous year[5]. - Total assets as of March 31, 2024, amounted to RMB 273,381 million, a decrease from RMB 282,576 million at the end of the previous period[28]. - Total liabilities were RMB 233,199 million as of March 31, 2024, down from RMB 241,253 million in the previous period[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 190,398[7]. - The largest shareholder, China Eastern Airlines Group, holds 39.57% of the shares, totaling 8,820,552,003 shares[8]. - As of February 26, 2024, the controlling shareholder, China Eastern Airlines Group, had accumulated a total of 113,746,036 A-shares, representing 0.5103% of the total share capital[11]. Strategic Acquisitions and Investments - The company acquired a 55% stake in Eastern Airlines Media Co., Ltd., which is now a subsidiary, impacting the financial data for 2023[5]. - The company completed the acquisition of a 55% stake in Eastern Airlines Media for approximately RMB 126.203 million on January 24, 2024[11]. - The company plans to continue expanding its market presence and enhancing its service offerings through strategic acquisitions and investments in technology[11]. Operating Costs - Total operating costs for Q1 2024 were RMB 35,467 million, up from RMB 27,234 million in Q1 2023, indicating an increase of about 30.3%[29]. Financing Activities - Cash inflow from financing activities totaled 16,300 million, down from 29,000 million year-over-year[47]. - Cash outflow from investment activities was 3,674 million, compared to 2,638 million in the previous year[47]. - Net cash flow from financing activities was -8,075 million, a decrease from -2,650 million year-over-year[47]. - Total cash outflow from financing activities reached 24,375 million, compared to 31,650 million last year[47]. - Cash received from borrowings was 16,300 million, while cash paid for debt repayment was 18,741 million[47]. - Cash paid for dividends, profits, or interest was 1,196 million, down from 1,601 million year-over-year[47]. - The impact of exchange rate changes on cash and cash equivalents was -1 million, consistent with the previous year[47]. Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2024[47].