Trade China Eastern Airlines Ltd - 0670 CFD

China Eastern Airlines Company profile

About China Eastern Airlines Corporation Ltd.

China Eastern Airlines Corporation Limited is a China-based company principally engaged in the provision of airline transportation and extended services. The Company is primarily engaged in the operation of airline passenger, cargo, mail delivery, tour operations and other extended transportation services. The Company also involves in general aviation transportation, aircraft maintenance, aviation equipment manufacturing and maintenance, air transport agency for domestic and foreign airlines, other related business, part-time insurance agent services, e-commerce, airline supermarket, as well as commodity wholesale and retail business. The Company operates its business in domestic market and to overseas markets.

Financial summary

BRIEF: For the nine months ended 30 September 2021, China Eastern Airlines Corporation Ltd. revenues increased 24% to RMB52.5B. Net loss decreased 10% to RMB8.16B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Selling expenses Administrative decrease of 12% to RMB2.32B (expense), Share of profits in associates and joint decrease from RMB85M (expense) to RMB45M

Equity composition

01/2007, Scrip Issue, 3.2 shares for every 10 shares issued, Shares Reform (Adj. factor 1). FY'06 Qs are RES. FY'07 Q1, Q2 &Q 4 I/S, and B/S are being RES. OM in Qs = 6M. FY'10 Q4 is CLA. FY'09 Q2 6M I/S was being RES and B/S was being CLA. FY'09 ANN I/S is RES, B/S is CLA & Q4 I/S is RES.