Financial Performance - The company's operating revenue for Q1 2022 was RMB 12,665 million, representing a decrease of 5.45% compared to the same period last year[4]. - The net profit attributable to shareholders was RMB -7,760 million, with a significant decline due to the impact of COVID-19 on passenger demand and high fuel costs[4][7]. - The net cash flow from operating activities was RMB -4,067 million, a drastic decrease of 1,399.36% year-on-year, primarily due to reduced ticket sales[4][7]. - The basic and diluted earnings per share were both RMB -0.41, reflecting a decline in operational performance[4][7]. - The weighted average return on net assets was -16.33%, a decrease of 9.00 percentage points year-on-year[4]. - Net loss for Q1 2022 was RMB 8,269 million, compared to a net loss of RMB 4,113 million in Q1 2021, reflecting a deterioration in financial performance[21]. - Operating profit for Q1 2022 was RMB -8,307 million, worsening from RMB -5,625 million in Q1 2021[20]. - Total comprehensive loss for Q1 2022 was RMB -8,241 million, compared to RMB -4,537 million in Q1 2021[22]. - The company incurred financial expenses of RMB 1,166 million in Q1 2022, slightly up from RMB 1,118 million in Q1 2021[20]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 283,792 million, down 0.96% from the previous year[5]. - The total liabilities of China Eastern Airlines were RMB 237,123 million, compared to RMB 231,638 million at the end of 2021, indicating an increase in liabilities[18]. - The company's current assets totaled RMB 28,076 million, slightly up from RMB 27,910 million in the previous period[14]. - The non-current assets totaled RMB 255,716 million, down from RMB 258,638 million, showing a decrease in long-term investments[15]. - The company's cash and cash equivalents stood at RMB 12,965 million, showing a marginal increase from RMB 12,962 million[14]. - Cash and cash equivalents at the end of Q1 2022 were RMB 12,953 million, down from RMB 15,693 million at the end of Q1 2021[25]. - The accounts receivable increased significantly to RMB 1,498 million from RMB 974 million, reflecting a growth of approximately 54%[14]. Shareholder Information - The equity attributable to shareholders decreased by 15.05% to RMB 43,641 million compared to the end of the previous year[5]. - The total equity attributable to the owners of the parent company decreased to RMB 43,641 million from RMB 51,373 million, indicating a decline of about 15%[19]. - The total number of ordinary shareholders at the end of the reporting period was 174,945[8]. - The largest shareholder, China Eastern Airlines Group Co., Ltd., holds 40.10% of the shares, totaling 7,567,853,802 shares[9]. Strategic Moves and Accounting Changes - The company provided guarantees totaling RMB 3 billion for its wholly-owned subsidiaries, reflecting a strategic move to support its operations[12]. - The company has pledged 1.67 billion H shares, indicating a significant level of financial leverage[11]. - The company reported non-recurring gains and losses totaling RMB 63 million for the period[6]. - The company has implemented new accounting standards starting from 2022, affecting the financial statements from the beginning of the year[26]. Communication and Leadership - The announcement was made on April 29, 2022, reflecting timely communication with stakeholders[26]. - The board of directors includes key members such as the chairman and vice chairman, indicating a stable leadership structure[26].