Summary by Moomoo AI
China Airlines announced its first quarter financial report for 2024 on 26 April 2024. The unaudited report shows that the company's operating income reached RMB 40,065,742 thousand, an increase of 59.83% year-on-year. However, the company recorded a net loss of RMB 1,674,456 thousand during the reporting period, with basic earnings per share of -0.11 yuan. Net cash flow generated by operating activities was RMB9,407,344, an increase of 38.42% year-on-year. The total assets of the company were RMB 341,316,757 thousand, an increase of 1.79% year-on-year. In addition, the Company completed the relevant proposal to issue H Shares to certain entities between December 2023 and February 2024, in an amount of 392,927,308 shares at an issue price of HK$5.09/share. During the reporting period, China Airlines Group Limited and its wholly-owned subsidiary China Airlines (Group) Limited jointly held 51.32% of the shares in the Company.