Summary by Moomoo AI
CHINA SOUTHERN AIRLINES CO., LTD. (THE “COMPANY”) REVEALED IN ITS FIRST QUARTER 2024 FINANCIAL REPORT THAT ITS OPERATING INCOME FOR THE QUARTER REACHED RMB 44,601 MILLION, AN INCREASE OF 30.97% YEAR-ON-YEAR. In the unaudited report, net profit attributable to shareholders of listed companies was RMB 756 million, net profit after non-recurring loss was RMB546 million. Net cash flow generated by operating activities was RMB9,777 million, an increase of 11.00% year-over-year. Basic earnings per share and diluted earnings per share are $0.04. Weighted average net asset return increased 5.21 percentage points to 2.03%. As of 31 March 2024, the total assets of the Company were RMB313,729 million, an increase of 1.46% year-on-year, and the shareholders' equity attributable to the shareholders of the listed company was RMB37,540 million, an increase of 2.06%. The guarantee amount provided by the Company and its holding subsidiaries for 43 SPVs is US$54.39 million. The airline passenger market recovered further compared to the same period last year, with increased passenger revenue and increased profit and loss.