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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Air China Ld | LSE:AIRC | London | Ordinary Share | CNE1000001S0 | H SHS CNY1 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 78.8045 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Air Transport, Scheduled | 140.73B | -1.05B | -0.2112 | -3.73 | 3.91B |
From Apr 2022 to Apr 2024
TIDMAIRC
RNS Number : 8592J
Air China Ld
29 April 2022
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00753)
FIRST QUARTERLY REPORT OF 2022
This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The board of directors (the "Board") of Air China Limited (the "Company") held a meeting of the Board on 28 April 2022 and passed the resolution approving the first quarterly report of 2022 of the Company for the period ended 31 March 2022 (the "Reporting Period" or "Period") prepared in accordance with the PRC Accounting Standards for Business Enterprises.
IMPORTANT NOTICE
The Board and the supervisory committee of the Company together with the directors, supervisors and the senior management of the Company guarantee that the contents of the quarterly report are true, accurate and complete and do not contain any false representation, misleading statement or material omission, and shall jointly and severally accept legal liability.
The person in charge of the Company, person in charge of accounting function and person in charge of accounting department (accounting superintendent) hereby guarantee that the financial statements set out in this quarterly report are true, accurate and complete.
Whether the first quarterly report of the Company is audited
Yes X No I. MAJOR FINANCIAL DATA (1) MAJOR ACCOUNTING DATA AND FINANCIAL INDICATORS
Unit: RMB'000
Hot Features
Premium
Increase/decrease
as compared to
During the Reporting the same period
Items Period of the previous
year (%)
Revenue 12,917,577 -11.41
================================= ====================
Net profit attributable to shareholders
of the listed company -8,899,923 N/A
================================= ====================
Net profit attributable to shareholders
of the listed company after deducting
non- recurring profits and losses -8,962,346 N/A
================================= ====================
Net cash flows from operating activities -7,658,829 N/A
================================= ====================
Basic earnings per share (RMB per -0.65 N/A
share)
================================= ====================
Diluted earnings per share (RMB N/A N/A
per share)
================================= ====================
Decreased by
7.31 percentage
Weighted average return on net assets -15.64 points
(%)
================================= ====================
Increase/decrease
at the end
of the Reporting
Period as compared
At the end At the end to the end
of the Reporting of the previous of the previous
Period year year (%)
Total assets 293,138,034 298,415,152 - 1.77
=================== ==================== ===================
Owners' equity attributable
to shareholders of the listed
company 52,375,762 61,402,519 - 14.70
=================== ==================== ===================
(2) Items and amount of non-recurring profits and losses
Unit: RMB'000
Amount for
Items the Period
Gains or losses on disposal of non-current assets -4,081
==================
Government subsidies recorded in the income statement
for the current period (excluding those closely related
to the Company's normal business and continuously
entitled to in fixed amounts or quotas in accordance
with the requirements of the state policy) 73,932
==================
Gain or loss from change in fair value by holding
tradable financial assets, derivative financial assets,
tradable financial liabilities and derivative financial
liabilities, and investment income from disposal
of tradable financial assets, derivative financial
assets, tradable financial liabilities and derivative
financial liabilities as well as other debt investments,
excluding the effective hedging businesses related
with the normal operations of the Company -657
==================
Switch-back of impairment provisions of accounts
receivable and contract assets that have undergone
impairment test alone 2,892
==================
Other non-operating income and expenses besides the
above items 14,539
==================
Less: Effect of income tax 13,589
==================
Effect of non-controlling interests (after tax) 10,613
========================================================== ==================
Total 62,423
==================
Explanation of non-recurring profits and losses items listed in the "Interpretative Announcement for Information Disclosure of Companies That Issue Securities to the Public
No.1 - Non-recurring Profits and Losses" (
1 ) which are defined as recurring profits and losses items
Applicable X Not applicable
(3) Particulars of, and reasons for, changes in major accounting data and financial indicators
3 Applicable Not applicable
Percentage
Items of Change (%) Major Reasons
Net profit attributable N/A Mainly due to the combined effects
to shareholders of the of the domestic sporadic outbreak
listed company of the pandemic and the rising
aviation fuel price
================ =====================================
Net profit attributable N/A Mainly due to the combined effects
to shareholders of the of the domestic sporadic outbreak
listed company after of the pandemic and the rising
deducting non-recurring aviation fuel price
profits and losses
================ =====================================
Net cash flows from operating N/A Mainly due to the effect of
activities the decrease of deposits received
by the finance company under
the Group during the Period
================ =====================================
Basic earnings per share N/A Mainly due to the combined effects
(RMB per share) of the domestic sporadic outbreak
of the pandemic and the rising
aviation fuel price
================ =====================================
II. INFORMATION OF SHAREHOLDERS
(1) Total number of holders of ordinary shares, the number of holders of preference shares with restored voting rights and the particulars of the top 10 shareholders
Unit: share
Total number
Total number of holders 111,662 accounts, of of holders of
of ordinary shares which 3,022 were registered preference shares /
as at the end of the shareholders of H shares with restored
Reporting Period voting rights
as at the end
of the Reporting
Period (account,
if any)
Particulars of the top 10 shareholders
Number
of shares
held subject Shares pledged,
to selling marked or frozen
restrictions
================ ================ ============== =================== =======================
Number Status Number
Nature of shares Shareholding
Name of shareholder of shareholder held percentage
================ ================ ============== =================== ======== =============
(%)
================ ================ ============== =================== ======== =============
China National
Aviation
Holding Corporation State-owned
Limited legal person 5,952,236,697 40.98 0 Frozen 127,445,536
================ ================ ============== =================== ======== =============
Cathay Pacific
Airways Foreign
Limited legal person 2,633,725,455 18.13 0 Nil 0
================ ================ ============== =================== ======== =============
HKSCC NOMINEES Foreign
LIMITED legal person 1,688,204,365 11.62 0 Nil 0
================ ================ ============== =================== ======== =============
China National
Aviation
Corporation (Group) Foreign
Limited legal person 1,556,334,920 10.72 0 Frozen 36,454,464
================ ================ ============== =================== ======== =============
Particulars of the top 10 shareholders
Number
of shares
held subject Shares pledged,
to selling marked or frozen
restrictions
=================== ============== ============== =================== ====================
Number Status Number
Nature of shares Shareholding
Name of shareholder of shareholder held percentage
=================== ============== ============== =================== ========= =========
(%)
=================== ============== ============== =================== ========= =========
China National
Aviation
Fuel Group State-owned
Corporation legal person 324,541,025 2.23 0 Nil 0
=================== ============== ============== =================== ========= =========
China Securities
Finance State-owned
Corporation Limited legal person 311,302,365 2.14 0 Nil 0
=================== ============== ============== =================== ========= =========
Hong Kong Securities Foreign
Clearing Company Ltd. legal person 82,153,262 0.57 0 Nil 0
=================== ============== ============== =================== ========= =========
Agricultural Bank of
China Limited - GF
Balanced Preferred
Hybrid Securities
Investment
Fund Domestic
( - non-state-owned
) legal person 58,402,229 0.40 0 Nil 0
=================== ============== ============== =================== ========= =========
Bank of China - YFD
Stable Income Bond Domestic
Investment Fund ( - non-state-owned
) legal person 42,570,400 0.29 0 Nil 0
=================== ============== ============== =================== ========= =========
Industrial Bank Co.,
Ltd. - GF Stable
Preferred
Six-Month Holding
Period
Hybrid Securities Domestic
Investment Fund ( - non-state-owned
) legal person 32,184,214 0.22 0 Nil 0
=================== ============== ============== =================== ========= =========
Particulars of the top 10 shareholders not subject to selling
restrictions
Class and number of shares
================================= =============================================
Number of tradable Class Number
shares
held not subject
to selling
Name of shareholder restrictions
================================= ======================== ===================
China National Aviation Holding RMB ordinary
Corporation Limited 5,952,236,697 shares 5,952,236,697
================================= ======================== ===================
Overseas listed
Cathay Pacific Airways Limited 2,633,725,455 foreign shares 2,633,725,455
================================= ======================== ===================
Overseas listed
HKSCC NOMINEES LIMITED 1,688,204,365 foreign shares 1,688,204,365
================================= ======================== ===================
China National Aviation Corporation RMB ordinary
(Group) Limited 1,556,334,920 shares 1,332,482,920
================================= ======================== ===================
Overseas listed
foreign shares 223,852,000
================================= ======================== ===================
China National Aviation Fuel RMB ordinary
Group Corporation 324,541,025 shares 324,541,025
================================= ======================== ===================
China Securities Finance Corporation RMB ordinary
Limited 311,302,365 shares 311,302,365
================================= ======================== ===================
Hong Kong Securities Clearing RMB ordinary
Company Ltd. 82,153,262 shares 82,153,262
================================= ======================== ===================
Agricultural Bank of China
Limited - GF Balanced Preferred
Hybrid Securities Investment
Fund RMB ordinary
( - ) 58,402,229 shares 58,402,229
================================= ======================== ===================
Bank of China - YFD Stable
Income Bond Investment Fund RMB ordinary
( - ) 42,570,400 shares 42,570,400
================================= ======================== ===================
Industrial Bank Co., Ltd. -
GF Stable Preferred Six-Month
Holding Period Hybrid Securities
Investment Fund ( - RMB ordinary
) 32,184,214 shares 32,184,214
================================= ======================== ===================
Explanation on connected China National Aviation Corporation
relationship (Group) Limited is a wholly-owned
or action in concert among subsidiary of China National Aviation
the above shareholders Holding Corporation Limited. Accordingly,
China National Aviation Holding Corporation
Limited is directly and indirectly
interested in 51.70% of the shares
of the Company.
================================================================================
Explanation on the participation Nil
of the top 10 shareholders
and the top 10 shareholders
not subject to selling restrictions
in margin financing and securities
lending as well as margin and
securities refinancing business
(if any)
================================================================================
1. HKSCC NOMINEES LIMITED is a subsidiary of The Stock Exchange of Hong Kong Limited and its principal business is acting as nominee for and on behalf of other corporate shareholders or individual shareholders. The 1,688,204,365 H shares held by it in the Company do not include the 166,852,000 shares held by it as nominee of China National Aviation Corporation (Group) Limited.
2. According to the "Implementation Measures on Partial Transfer of State-owned Shares to the National Social Security Fund in the Domestic Securities Market" (Cai Qi [2009] No. 94) ( ( [2009]94 )) and the Notice ([2009] No. 63) jointly issued by the Ministry of Finance, the SASAC, China Securities Regulatory Commission and the National Council for Social Security Fund, 127,445,536 and 36,454,464 shares held by China National Aviation Holding Corporation Limited, the controlling shareholder of the Company, and China National Aviation Corporation (Group) Limited respectively are frozen at present.
III. OTHER ALERTS
Other important information that needs to be brought to the attention of investors regarding the Company's operations during the Reporting Period
Applicable X Not applicable IV. QUARTERLY FINANCIAL STATEMENTS (1) Type of audit opinion Applicable X Not applicable (2) Financial statements
CONSOLIDATED BALANCE SHEET
31 March 2022
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
31 March 31 December
Items 2022 2021
CURRENT ASSETS:
========== ===========
Cash and bank balance 11,953,983 16,709,664
========== ===========
Provisions on payables
========== ===========
Contributions made
========== ===========
Financial assets held-for-trading 3,500 4,157
========== ===========
Derivative financial assets
========== ===========
Bills receivable 1,193 3,591
========== ===========
Accounts receivable 1,565,549 2,991,037
========== ===========
Receivables financing
========== ===========
Prepayments 598,670 440,274
========== ===========
Premium receivable
========== ===========
Receivables on reinsurance
========== ===========
Provisions for reinsurance contracts
========== ===========
Other receivables 3,466,217 3,191,247
========== ===========
Including: Interest receivable
========== ===========
Dividend receivable
========== ===========
Purchase of financial assets resold
========== ===========
Inventories 2,611,116 2,050,282
========== ===========
Contract assets
========== ===========
Held-for-sale assets 111,502 333,884
========== ===========
Non-current assets due within a year
========== ===========
Other current assets 5,703,688 4,672,592
========== ===========
Total current assets 26,015,418 30,396,728
========== ===========
31 March 31 December
Items 2022 2021
NON-CURRENT ASSETS:
=========== ===========
Loans and advances
=========== ===========
Debt investments
=========== ===========
Other debt investments 1,329,109 1,373,634
=========== ===========
Long-term receivables 552,506 574,646
=========== ===========
Long-term equity investments 11,125,478 12,081,091
=========== ===========
Investments in other equity instruments 157,396 178,366
=========== ===========
Other non-current financial assets
=========== ===========
Investment properties 127,210 128,782
=========== ===========
Fixed assets 83,721,874 85,009,447
=========== ===========
Construction in progress 33,915,102 34,862,651
=========== ===========
Biological assets for production
=========== ===========
Oil and gas assets
=========== ===========
Right-of-use assets 121,067,139 119,213,535
=========== ===========
Intangible assets 3,502,815 3,544,175
=========== ===========
Development expenses
=========== ===========
Goodwill 1,102,185 1,102,185
=========== ===========
Long-term deferred expenses 234,267 249,358
=========== ===========
Deferred tax assets 10,287,535 9,700,554
=========== ===========
Other non-current assets
=========== ===========
Total non-current assets 267,122,616 268,018,424
=========== ===========
Total assets 293,138,034 298,415,152
=========== ===========
CURRENT LIABILITIES:
=========== ===========
Short-term loans 19,442,120 22,001,916
=========== ===========
Short-term financing bonds payable 11,880,363 12,332,635
=========== ===========
Borrowings from central bank
=========== ===========
Contributions received
=========== ===========
Financial liabilities held-for-trading
=========== ===========
Derivative financial liabilities
=========== ===========
Bills payable 377,793 199,276
=========== ===========
Accounts payable 14,405,302 13,307,360
=========== ===========
Air traffic liabilities 1,926,792 2,116,028
=========== ===========
Receipts in advance
=========== ===========
Contract liabilities 1,705,498 1,479,717
=========== ===========
Sale of financial assets repurchased
=========== ===========
Deposits from clients and placements from
other banks
=========== ===========
Brokerage payable
=========== ===========
Underwriting fees payable
=========== ===========
Employee compensations payable 2,776,794 3,502,384
=========== ===========
Taxes payable 138,485 166,085
=========== ===========
Other payables 16,195,803 17,239,846
=========== ===========
Including: Interest payable
=========== ===========
Dividend payable
=========== ===========
Fees and commissions payable
=========== ===========
Amounts payable on reinsurance
=========== ===========
Held-for-sale liabilities
=========== ===========
Non-current liabilities due within a year 24,080,838 19,070,477
=========== ===========
Other current liabilities
=========== ===========
Total current liabilities 92,929,788 91,415,724
=========== ===========
31 March 31 December
Items 2022 2021
NON-CURRENT LIABILITIES:
============= =============
Reserves on insurance contracts
============= =============
Long-term loans 48,114,323 43,620,468
============= =============
Debentures payable 7,492,253 9,499,579
============= =============
Including: Preference shares
============= =============
Perpetual bonds
============= =============
Lease liabilities 77,056,885 76,347,051
============= =============
Long-term payables 5,749,470 5,656,909
============= =============
Long-term employee compensation payables 220,736 218,336
============= =============
Accrued liabilities 3,136,799 3,147,357
============= =============
Deferred income 533,592 544,383
============= =============
Deferred tax liabilities 326,954 328,063
============= =============
Other non-current liabilities 1,721,906 1,772,209
============= =============
Total non-current liabilities 144,352,918 141,134,355
============= =============
Total liabilities 237,282,706 232,550,079
============= =============
OWNERS' EQUITY
(OR SHAREHOLDERS' EQUITY):
============= =============
Paid-up capital (or share capital) 14,524,815 14,524,815
============= =============
Other equity instruments
============= =============
Including: Preference shares
============= =============
Perpetual bonds
============= =============
Capital reserve 26,270,841 26,270,841
============= =============
Less: Treasury shares
============= =============
Other comprehensive income -532,143 -405,309
============= =============
Special reserves
============= =============
Surplus reserves 11,564,287 11,564,287
============= =============
General risk provisions 131,916 131,916
============= =============
Retained earnings 416,046 9,315,969
============= =============
Total owners' equity (or shareholders'
equity) attributable to the parent company 52,375,762 61,402,519
============= =============
Non-controlling interests 3,479,566 4,462,554
============= =============
Total owners' equity (or shareholders'
equity) 55,855,328 65,865,073
============= =============
Total liabilities and owners' equity (or
shareholders' equity) 293,138,034 298,415,152
============= =============
Person in charge of the Company: Mr. Song Zhiyong Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
CONSOLIDATED INCOME STATEMENT
January to March 2022
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
Items First quarter First quarter
of 2022 of 2021
I. Total revenue from operations 12,917,577 14,580,678
============= =============
Including: Operating income 12,917,577 14,580,678
============= =============
Interest income
============= =============
Premium earned
============= =============
Fees and commission income
============= =============
II. Total operating cost 23,144,688 23,098,558
============= =============
Including: Operating costs 19,688,533 19,241,297
============= =============
Interest expenses
============= =============
Fees and commission expenses
============= =============
Returned premium
============= =============
Net reimbursement paid
============= =============
Net amounts of provisions on insurance
obligations drawn
============= =============
Bonus paid on insurance policy
============= =============
Reinsurance premium
============= =============
Taxes and other levies 52,195 58,856
============= =============
Selling expenses 1,048,349 1,095,861
============= =============
General and administrative expenses 1,066,408 1,056,567
============= =============
R&D expenses 38,099 30,249
============= =============
Finance expenses 1,251,104 1,615,728
============= =============
Including: Interest expenses 1,500,782 1,313,417
============= =============
Interest income 29,366 8,188
============= =============
Add: Other income 613,591 913,601
============= =============
Investment income (loss is represented
by "-" sign) - 842,440 - 1,047,673
============= =============
Including: Share of profits of associates
and joint ventures - 853,876 - 1,062,546
============= =============
Gains on derecognition of financial assets
measured at amortised cost
============= =============
Exchange gains (loss is represented by
"-" sign)
============= =============
Gains from net exposure to hedging (loss
is represented by "-" sign)
============= =============
Gains from changes in fair value (loss
is represented by "-" sign) - 657
============= =============
Impairment loss of credit (loss is represented
by "-" sign) 4,948 - 5,228
============= =============
Impairment loss of assets (loss is represented
by "-" sign)
============= =============
Gains from disposal of assets (loss is
represented by "-" sign) 1,193 - 914
============= =============
Items First quarter First quarter
of 2022 of 2021
III. Profit from operations (loss is represented
by "-" sign) - 10,450,476 - 8,658,094
============= =============
Add: Non-operating income 27,255 27,204
============= =============
Less: Non-operating expenses 17,989 7,119
============= =============
IV. Total profit (total loss is represented
by "-" sign) - 10,441,210 - 8,638,009
============= =============
Less: Income tax expenses - 569,551 - 1,690,959
============= =============
V. Net profit (net loss is represented
by "-" sign) - 9,871,659 - 6,947,050
============= =============
(I) Classified by continuity of operations
============= =============
1. Net profit from continuing operations
(net loss is represented by "-" sign) - 9,871,659 - 6,947,050
============= =============
2. Net profit from discontinued operation
(net loss is represented by "-" sign)
============= =============
(II) Classified by ownership
============= =============
1. Net profits attributable to shareholders
of the parent company (net loss is represented
by "-" sign) - 8,899,923 - 6,207,790
============= =============
2. Profit or loss attributable to non-controlling
interests (net loss is represented by
"-" sign) - 971,736 - 739,260
============= =============
VI. Other comprehensive income after tax,
net - 138,086 82,705
============= =============
(I) Other comprehensive income after tax
attributable to owners of the parent company,
net - 126,834 89,375
============= =============
1. Other comprehensive income that cannot
be subsequently reclassified to profit
or loss - 8,021 - 1,854
============= =============
(1) Changes arising on remeasurement of
defined benefit plans
============= =============
(2) Other comprehensive income accounted
for using the equity method that cannot
be reclassified to profit or loss
============= =============
(3) Change in fair value of investments
in other equity instruments - 8,021 - 1,854
============= =============
(4) Change in fair value of own credit
risk of the Company
============= =============
2. Other comprehensive income that will
be reclassified to profit or
loss - 118,813 91,229
============= =============
(1) Other comprehensive income accounted
for using the equity method that may be
reclassified to profit or loss
============= =============
(2) Change in fair value of other debt
investments - 1,945
============= =============
(3) Amount of financial assets reclassified
into other comprehensive income
============= =============
(4) Provisions for credit impairment of
other debt investments - 2,387
============= =============
(5) Reserve for cash flow hedging
============= =============
(6) Exchange difference on translation
of financial statements in foreign currency - 118,813 95,561
============= =============
(7) Others
============= =============
(II) Other comprehensive income after
tax attributable to non-controlling interests,
net - 11,252 - 6,670
============= =============
Items First quarter First quarter
of 2022 of 2021
VII. Total comprehensive income - 10,009,745 - 6,864,345
============= =============
(I) Total comprehensive income attributable
to owners of the parent company - 9,026,757 - 6,118,415
============= =============
(II) Total comprehensive income attributable
to non-controlling interests - 982,988 - 745,930
============= =============
VIII. Earnings per share:
============= =============
(I) Basic earnings per share (RMB per
share) - 0.65 - 0.45
============= =============
(II) Diluted earnings per share (RMB per N/A N/A
share)
============= =============
For business combination under common control during the Period, the net profit of merged party before the business combination is Nil, and the net profit of the merged party for the last period is Nil.
Person in charge of the Company: Mr. Song Zhiyong Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
CONSOLIDATED CASH FLOW STATEMENT
January to March 2022
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
First quarter First quarter
Items of of
2022 2021
I. Cash flows from operating activities:
============= =============
Cash received from sales of goods and
provision of services 14,657,731 14,380,541
============= =============
Net increase in deposits from clients
and placements from banks
============= =============
Net increase in borrowings from central
bank
============= =============
Net increase in contributions received
from other financial institutions
============= =============
Cash received from premiums of original
insurance contracts
============= =============
Net cash receipt from reinsurance operations
============= =============
Net increase in reserve of the insured
and investment
============= =============
Cash received from interest, fees and
commission
============= =============
Net increase in contributions received
============= =============
Net increase in cash from repurchase operations
============= =============
Net cash receipt from securities trading
as agent
============= =============
Refund of taxes and levies 9,761 4,636
============= =============
Other cash received relating to operating
activities 1,204,029 1,624,412
============= =============
Subtotal of cash inflows of operating
activities 15,871,521 16,009,589
============= =============
Cash paid for goods purchased and services
received 9,480,709 8,587,763
============= =============
Net increase in loans and advances to
clients
============= =============
Net increase in deposits in central bank
and other banks
============= =============
Cash paid in respect of claims under original
insurance contracts
============= =============
Net increase in contributions made
============= =============
Cash paid for interest, fees and commissions
============= =============
Cash paid for bonus paid on insurance
policy
============= =============
Cash paid to or on behalf of employees 6,550,937 6,584,075
============= =============
Taxes and levies paid 236,815 266,475
============= =============
Other cash paid relating to operating
activities 7,261,889 1,825,572
============= =============
Subtotal of cash outflows from operating
activities 23,530,350 17,263,885
============= =============
Net cash flows from operating activities - 7,658,829 - 1,254,296
============= =============
First quarter First quarter
Items of of
2022 2021
II. Cash flows from investing activities:
============= =============
Cash received from sale and redemption
of investments 30,061 722,905
============= =============
Cash received from investment income 22,064 291
============= =============
Net cash proceeds from disposal of fixed
assets, intangible assets and other long-term
assets 233,921 8,251
============= =============
Net cash proceeds from disposal of subsidiaries
and other business units
============= =============
Other cash received relating to investing
activities 76,675 31,118
============= =============
Subtotal of cash inflows from investing
activities 362,721 762,565
============= =============
Cash paid for purchase and construction
of fixed assets, intangible assets and
other long-term assets 1,466,844 562,481
============= =============
Cash paid for investments 794,343 50,000
============= =============
Net increase in secured loans
============= =============
Net cash payments for acquisition of subsidiaries
and other business units
============= =============
Other cash paid relating to investing
activities 1,554 6,758
============= =============
Subtotal of cash outflows from investing
activities 2,262,741 619,239
============= =============
Net cash flows from investing activities - 1,900,020 143,326
============= =============
III. Cash flows from financing activities:
============= =============
Cash received from issuance of debentures 5,750,000 700,000
============= =============
Cash received from capital injection 490,148
============= =============
Including: Cash received from capital
injection of
non-controlling shareholders in subsidiaries 490,148
============= =============
Cash received from borrowings 15,029,966 13,650,876
============= =============
Other cash received relating to financing
activities
============= =============
Subtotal of cash inflows from financing
activities 20,779,966 14,841,024
============= =============
Cash paid for repayment of borrowings 7,581,824 4,219,254
============= =============
Cash paid for repayment of debentures 3,250,000 1,000,000
============= =============
Cash paid for distribution of dividends,
profits or payment of interest expenses 1,588,383 1,564,579
============= =============
Including: Dividends and profits paid
to non-controlling shareholders by subsidiaries
============= =============
Other cash paid relating to financing
activities 3,516,104 3,616,317
============= =============
Subtotal of cash outflows from financing
activities 15,936,311 10,400,150
============= =============
Net cash flows from financing activities 4,843,655 4,440,874
============= =============
First quarter First quarter
Items of of
2022 2021
IV. Effect of exchange rate changes on
cash and cash equivalents - 7,693 23,666
============= =============
V. Net increase in cash and cash equivalents - 4,722,887 3,353,570
============= =============
Add: Balance of cash and cash equivalents
as at the beginning of the Period 15,934,713 5,837,998
============= =============
VI. Balance of cash and cash equivalents
as at the end of the Period 11,211,826 9,191,568
============= =============
Person in charge of the Company: Mr. Song Zhiyong Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
Particulars in relation to adjustments made to the financial statements as at the beginning of the year for the initial implementation of New Accounting Standards since 2022
Applicable X Not applicable
By Order of the Board
Air China Limited
Huang Bin Huen Ho Yin
Joint Company Secretaries
Beijing, the PRC, 28 April 2022
As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. Ma Chongxian, Mr. Feng Gang, Mr. Patrick Healy, Mr. Li Fushen*, Mr. He Yun*, Mr. Xu Junxin* and Ms. Winnie Tam Wan-chi*.
* Independent non-executive director of the Company
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END
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(END) Dow Jones Newswires
April 29, 2022 04:55 ET (08:55 GMT)
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