CSN(600029)2022-04-28 16:00Financial Performance - The total operating revenue for the first quarter of 2022 was RMB 21,471 million, representing a year-on-year increase of 1.03%[2] - The net profit attributable to shareholders of the listed company was RMB -4,496 million, a decrease of 12.23% compared to the same period last year[3] - The basic and diluted earnings per share were both RMB -0.27, reflecting a decrease of 3.85% year-on-year[3] - Total operating costs for Q1 2022 increased to RMB 28,055 million from RMB 27,038 million in Q1 2021, reflecting a rise of 3.76%[15] - Net profit attributable to shareholders of the parent company for Q1 2022 was a loss of RMB 4,496 million, compared to a loss of RMB 4,006 million in Q1 2021, indicating a deterioration of 12.2%[17] - The company recorded other income of RMB 550 million in Q1 2022, down from RMB 627 million in Q1 2021, a decrease of 12.3%[17] - The financial expenses for Q1 2022 were RMB 1,166 million, a decrease from RMB 1,530 million in Q1 2021, representing a reduction of 23.8%[15] Cash Flow - The net cash flow from operating activities was RMB 17 million, which is not applicable for year-on-year comparison[5] - The company reported a net cash flow from operating activities of RMB 17 million in Q1 2022, a recovery from a negative cash flow of RMB 51 million in Q1 2021[21] - Cash inflow from financing activities totaled 47,060 million in the previous period[22] - Net cash flow from financing activities was 3,202 million, indicating a decline of 66.3%[22] - Cash and cash equivalents at the end of the period were 25,019 million at the end of the previous period, reflecting a decrease of 21.1%[22] - The company reported a cash decrease of 400 million previously[22] Assets and Liabilities - The total assets at the end of the reporting period were RMB 319,820 million, a decrease of 0.97% from the end of the previous year[3] - The company's total liabilities amounted to RMB 240,114 million, slightly up from RMB 238,703 million in the previous year[13] - The company's non-current assets totaled RMB 284,393 million, a slight decrease from RMB 285,082 million year-over-year[12] - Short-term borrowings increased significantly to RMB 35,862 million from RMB 25,116 million year-over-year[12] - The company's current assets totaled RMB 35,427 million, a decrease from RMB 37,866 million at the end of the previous year[12] Shareholder Information - The company had a total of 142,786 common shareholders at the end of the reporting period[6] - The largest shareholder, China Southern Airlines Group, held 50.75% of the shares, totaling 8,600,897,508 shares[6] - The company reported a total equity of RMB 16,948 million, unchanged from the previous year[13] - The equity attributable to shareholders of the listed company was RMB 63,120 million, down 6.65% from the end of the previous year[3] Guarantees and Commitments - The total amount guaranteed by the company for SPV companies reached 5.88 million for SPV company 南航 9 号[10] - The company has a total of 43 SPV companies that have received guarantees, indicating a strong commitment to supporting its subsidiaries[10] Accounting and Reporting Changes - The company has adopted new accounting standards starting in 2022, which may affect future financial reporting[22]