中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 证券代码：600115 证券简称：中国东航 公告编号：临 2023-044 中国东方航空股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性 和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 08 月 31 日（星期四）16:00-17:00 会议召开地点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可在 2023 年 08 月 24 日（星期四）至 08 月 30 日（星期三）16:00 前登录上证路演中心网站首页，点击"提问预征集"栏目或通过电子邮件方式 （ir@ceair.com）向公司提出所关注的问题，邮件标题请注明"600115 业绩说明 会"，公司将在业绩说明会上选择投资者普遍关注的问题予以回答。 中国东方航空股份有限公司（以下简称"公司"）将于 ...

中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 一、运营情况 2023 年 7 月，中国东方航空股份有限公司（以下简称"本公司"）客运运力 投入（按可用座公里计）同比上升 115.03%；旅客周转量（按客运人公里计） 同比上升 151.72%；客座率为 78.41%，同比上升 11.43 个百分点。货运方面， 2023 年 7 月货邮周转量（按货邮载运吨公里计）同比上升 4.53%。 2023 年 7 月，本公司国内、国际、地区市场的主要新开、复航、加密航线 情况如下： 证券代码：600115 证券简称：中国东航 公告编号：临 2023-043 中国东方航空股份有限公司 2023 年 7 月运营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确 性和完整性承担法律责任。 国内市场：新开上海浦东-阿勒泰、上海浦东-敦煌、上海浦东-伊宁、北京 大兴-库尔勒、北京大兴-敦煌、南昌-南宁、天津-兰州、宁波-包头等航线；复 飞杭州-西宁、大连-延吉、合肥-满洲里等航线；加密上海虹桥-成都天府、上海 虹桥-珠海、 ...

中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 证券代码：600115 证券简称：中国东航 公告编号：临 2023-042 中国东方航空股份有限公司 关于股东减持股份计划的预披露公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任 何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、 准确性和完整性承担法律责任。 重要内容提示： 股东持股的基本情况 截至本公告披露日，上海均瑶（集团）有限公司（以下简称"均瑶集团"） 持有中国东方航空股份有限公司（以下简称"公司"）股份 155,916,009 股，占 公司总股本的 0.70%。上述股份来源于公司非公开发行取得的股份，已于 2022 年 8 月 30 日解除限售。 集中竞价减持计划的主要内容 公司于近日收到公司股东均瑶集团发来的《关于拟减持中国东方航空股份有 限公司股票相关计划的告知函》，均瑶集团因自身经营计划需要，自本公告披露 之日起 15 个交易日后的 6 个月内，拟通过集中竞价交易方式减持其持有的公司 股份不超过 155,916,009 股，占公司总股本的 0.70%。若减持计划实施期间公司 发生送股 ...

中国东方航空股份有限公司 关于参加沪市航空机场行业上市公司 2022 年年报集体业绩说明会的公告 中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 证券代码：600115 证券简称：中国东航 公告编号：临 2023-030 一、业绩说明会类型 1 会议主题：沪市航空机场行业上市公司集体业绩说明会 会议召开方式：上证路演中心网络互动 中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 本次业绩说明会以网络互动的方式召开，公司将针对 2022 年度业绩、经营 情况以及投资者普遍关注的问题与投资者进行交流。 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性 和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 05 月 25 日（星期四）14:00-15:00 会议召开地点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 投资者可在 2023 年 05 月 18 日（星期四）至 ...

Financial Performance - The operating revenue for Q1 2023 was 75.77 million RMB, reflecting a significant increase due to the recovery in the air passenger market[4] - The net profit attributable to shareholders was -3,803 million RMB, indicating a loss compared to the previous year[4] - The basic and diluted earnings per share were both -0.1706 RMB, not applicable due to the loss[4] - Total operating revenue for Q1 2023 was 22,261 million RMB, compared to 12,665 million RMB in Q1 2022, representing a year-over-year increase of 75.5%[48] - Net profit for Q1 2023 was -3,999 million RMB, an improvement from -8,269 million RMB in Q1 2022, showing a reduction in losses[60] - The company reported a basic and diluted earnings per share of -0.17 RMB for Q1 2023, compared to -0.41 RMB in Q1 2022[61] Cash Flow and Liquidity - The net cash flow from operating activities was 6,665 million RMB, showing improvement as the company capitalized on market recovery[5] - Cash flow from operating activities for Q1 2023 was 6,665 million RMB, a significant recovery from -4,067 million RMB in Q1 2022[62] - The company’s cash and cash equivalents were reported at 19,887 million RMB, a decrease from 17,553 million RMB[39] - The ending cash and cash equivalents balance was 19,873 million, an increase from 12,953 million at the beginning of the period[63] - The net cash flow from investing activities was -1,710 million, compared to -784 million in the previous period[63] - The total cash inflow from financing activities was 29,000 million, up from 42,000 million in the previous period[63] - The cash outflow from financing activities totaled 31,622 million, compared to 37,145 million previously[63] - The net cash flow from financing activities was -2,622 million, contrasting with a positive 4,855 million in the previous period[63] - The cash inflow from investment activities was 928 million, compared to 474 million previously[63] - The cash outflow for investments was 2,638 million, up from 1,258 million in the previous period[63] Assets and Liabilities - Total assets at the end of the reporting period were 288,507 million RMB, a slight increase of 0.97% from the previous year[4] - Total assets as of the reporting date were 288,507 million RMB, slightly up from 285,742 million RMB in the previous period[47] - Total liabilities amounted to 262,469 million RMB, compared to 255,641 million RMB previously, reflecting an increase of 2.9%[47] - The company’s long-term borrowings stood at 50,881 million RMB, compared to 38,359 million RMB previously, indicating an increase of 32.8%[47] - Shareholder equity attributable to shareholders decreased by 13.30% to 25,213 million RMB[5] Operational Strategy - The company is focused on enhancing operational performance by leveraging the recovery in air passenger traffic[5] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[60] - The company issued 3,416,856,492 A-shares in a private placement, completed on January 12, 2023[27] - The company plans to voluntarily delist its American Depositary Shares from the New York Stock Exchange[27] Other Financial Metrics - The weighted average return on equity was -13.99%, an increase of 2.34 percentage points from the previous year[4] - The impact of exchange rate changes on cash and cash equivalents was negligible at -1 million[63] - The company did not receive any cash from new investments during the period[63] - The company did not absorb any new investments during the reporting period[63]

Financial Performance - The company's operating revenue for Q1 2023 reached RMB 22,261 million, representing a year-on-year increase of 75.77%[4] - The net profit attributable to shareholders was a loss of RMB 3,803 million, with a basic and diluted earnings per share of -0.1706 yuan[4] - The net cash flow from operating activities was RMB 6,665 million, indicating a significant improvement in operational performance[4] - Total operating revenue for Q1 2023 reached RMB 22,261 million, a significant increase from RMB 12,665 million in Q1 2022, representing a growth of 75.5%[18] - The net loss for Q1 2023 was RMB 3,999 million, an improvement compared to a net loss of RMB 8,269 million in Q1 2022, reflecting a reduction of 51.7%[19] - The total comprehensive income attributable to the parent company for Q1 2023 was -RMB 4,063 million, an improvement from -RMB 8,241 million in Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period were RMB 288,507 million, a slight increase of 0.97% compared to the previous year[5] - The equity attributable to shareholders decreased to RMB 25,213 million, down 13.30% from the end of the previous year[5] - The total liabilities of the company were RMB 262,469 million, compared to RMB 255,641 million, which is an increase of about 2.9%[17] - The equity attributable to the owners of the parent company decreased to RMB 25,213 million from RMB 29,080 million, a decline of approximately 13.3%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 162,152[8] - The largest shareholder, China Eastern Airlines Group Co., Ltd., holds 39.06% of the shares, totaling 8,706,805,967 shares[9] Cash Flow and Financing - Cash flow from operating activities for Q1 2023 was RMB 6,665 million, a turnaround from a negative cash flow of RMB 4,067 million in Q1 2022[22] - The company’s total cash inflow from financing activities in Q1 2023 was RMB 29,000 million, down from RMB 42,000 million in Q1 2022[23] - The company’s total cash outflow from operating activities was RMB 19,323 million in Q1 2023, compared to RMB 18,303 million in Q1 2022, indicating a slight increase[22] - In Q1 2023, the net increase in cash and cash equivalents was 2,332 million, compared to 3 million in Q1 2022[25] - The ending balance of cash and cash equivalents for Q1 2023 was 19,873 million, up from 12,953 million in Q1 2022[25] Operational Highlights - The increase in operating revenue was primarily driven by the recovery in the air passenger market and increased transportation turnover[7] - Total operating costs in Q1 2023 were RMB 27,205 million, up from RMB 21,821 million in Q1 2022, indicating a rise of 24.5%[18] - Other income for Q1 2023 was RMB 945 million, compared to RMB 869 million in Q1 2022, reflecting a growth of 8.7%[18] Research and Development - Research and development expenses increased to RMB 87 million in Q1 2023 from RMB 75 million in Q1 2022, marking a growth of 16%[18] Corporate Actions - The company issued 3,416,856,492 A-shares in a private placement, completing the registration and custody procedures on January 12, 2023[12] - The company plans to voluntarily delist its American Depositary Shares from the New York Stock Exchange, as announced on January 13, 2023[12] Share Pledges - As of the end of the reporting period, the company had pledged a total of 1.67 billion H-shares[11]

Fleet and Operations - As of the end of 2022, the company operated a modern fleet of 778 passenger aircraft, with an average age of approximately 8.1 years[7]. - The fleet consisted of 778 aircraft as of December 31, 2022, with 34 new aircraft introduced and 11 retired during the year[25]. - The company plans to introduce 36 aircraft in 2023, with 50 in 2024 and 35 in 2025, while retiring 14, 23, and 37 aircraft respectively[28]. - The company achieved a passenger kilometer yield of RMB 0.602 in 2022, up 13.37% from RMB 0.531 in 2021[22]. - The group completed 1.0774 million flight hours and 445,800 takeoffs and landings during the reporting period[39]. - The company is focusing on expanding its market presence and enhancing its operational efficiency in response to the challenging market conditions[17]. Financial Performance - In 2022, China Eastern Airlines reported a total revenue of RMB 46,111 million, a significant decrease of 31.3% compared to RMB 67,127 million in 2021[17]. - The operating loss for 2022 was RMB 31,635 million, compared to a loss of RMB 13,518 million in 2021, indicating a worsening financial performance[17]. - The net loss attributable to equity holders for 2022 was RMB 37,386 million, compared to a loss of RMB 12,214 million in 2021, reflecting a substantial decline in profitability[17]. - The company reported a net loss of RMB 39,900 million for the year ended December 31, 2022, compared to a net loss of RMB 12,214 million in 2021, indicating a significant increase in losses[20]. - The total operating cost for 2022 was RMB 81.359 billion, a decrease of 6.19% year-on-year, primarily due to adjustments in flight capacity[65]. - The company’s net current liabilities increased to RMB 79,033 million in 2022, compared to RMB 57,981 million in 2021, indicating a deterioration in short-term financial health[17]. Market Strategy and Growth - The company aims to build a world-class integrated aviation service provider, focusing on precision and quality service for global travelers[7]. - The company has outlined future growth strategies, including potential mergers and acquisitions to strengthen its market position[7]. - The company plans to enhance its service brand promotion, focusing on a service philosophy of "precision, accuracy, and excellence" to improve customer loyalty and service experience[45]. - The company is actively pursuing market recovery opportunities to enhance profitability and strengthen its operational capabilities in the Beijing-Tianjin-Hebei region[48]. - The company is exploring potential mergers and acquisitions to strengthen its market position in the Asia-Pacific region[124]. Customer Engagement and Loyalty Programs - The "Eastern Miles" frequent flyer program offers benefits across 19 member airlines of the SkyTeam Alliance and access to over 750 airport lounges worldwide[7]. - The frequent flyer program "Eastern Miles" surpassed 50 million members, with "One-Stop 6" covering 20 domestic stations[43]. - The airline's loyalty program has seen a 30% increase in membership, indicating strong customer engagement and retention[124]. Technology and Innovation - The company is focused on developing new technologies and products to improve operational efficiency and customer experience[7]. - The company is investing in new technologies and product development to improve customer experience and operational capabilities[17]. - The company is investing $200 million in R&D for new technologies aimed at enhancing operational efficiency[134]. - New technology initiatives include the implementation of an AI-based customer service system, aimed at improving response times by 40%[137]. Sustainability and Corporate Responsibility - The company emphasizes the importance of corporate governance and social responsibility in its business practices[7]. - The company has implemented a carbon peak action plan as part of its "14th Five-Year" green development plan[43]. - The group is committed to green development and is actively planning pathways to achieve carbon peak and carbon neutrality[49]. - The company is committed to fulfilling social responsibilities, including rural revitalization efforts and climate change research, while promoting sustainable aviation fuel applications[45]. Governance and Management - The board of directors has established a robust corporate governance structure, ensuring compliance with legal and regulatory requirements[171]. - The company has established four specialized committees to ensure good corporate governance[179]. - The independent non-executive directors have confirmed their independence annually, in line with listing rules[182]. - The company has adopted the "Standard Code" for securities trading by directors, ensuring compliance with regulations regarding share transactions[184]. Financial Management and Capital Structure - The company plans to apply for voluntary delisting of its American Depositary Receipts (ADR) from the New York Stock Exchange, indicating a strategic shift in its market presence[10]. - The company aims to optimize its debt currency structure and broaden financing channels, including issuing short-term financing bonds and corporate bonds[57]. - The company expects total capital expenditure for aircraft and engines over the next three years to be approximately RMB 54.11 billion, with planned expenditures of RMB 12.74 billion, RMB 27.85 billion, and RMB 13.52 billion for 2023, 2024, and 2025 respectively[77]. - The company plans to improve its capital structure and reduce the debt-to-asset ratio through the raised funds[108]. Employee and Talent Development - The company has established a comprehensive talent development system, focusing on the cultivation of high-end research talents and optimizing the incentive mechanisms[98]. - The company emphasizes training programs for management personnel to enhance their comprehensive capabilities in safety, compliance, and leadership[96]. - The company is committed to enhancing core skills among employees through regular professional skill competitions[99]. Risk Management - The company is closely monitoring macroeconomic conditions and geopolitical situations to adjust capacity deployment and market sales flexibly[56]. - The group faces risks in international market expansion and investment mergers, and is strengthening its investment management and risk control systems through due diligence and asset evaluation[61]. - The company emphasizes the importance of safety operations and has implemented strict regulations and standards to mitigate operational risks[56].

Financial Performance - The net profit attributable to shareholders for 2022 was a loss of RMB 37.386 billion, resulting in no cash dividends or capital reserve transfers to shareholders [5]. - In 2022, China Eastern Airlines reported operating revenue of RMB 46,111 million, a decrease of 31.31% compared to RMB 67,127 million in 2021 [21]. - The net profit attributable to shareholders was a loss of RMB 37,386 million in 2022, compared to a loss of RMB 12,214 million in 2021 [21]. - The net cash flow from operating activities was negative RMB 6,474 million in 2022, a decline of 213.74% from positive RMB 5,692 million in 2021 [21]. - The total assets at the end of 2022 were RMB 285,742 million, a slight decrease of 0.28% from RMB 286,548 million at the end of 2021 [21]. - The basic earnings per share for 2022 was -1.9806 yuan, compared to -0.7272 yuan in 2021 [22]. - The weighted average return on equity was -114.16% in 2022, a decrease of 89.13 percentage points from -25.03% in 2021 [22]. - The company's operating revenue for the reporting period was RMB 46,111 million, a decrease of 31.31% compared to the previous year [61]. - The company's operating costs amounted to RMB 74,599 million, down 6.80% year-on-year [62]. - The financial expenses increased by 115.05% to RMB 8,344 million compared to the previous year [62]. - The company reported an asset impairment loss of RMB 0.97 billion, a year-on-year increase of 340.91% [75]. - The company’s other income decreased by 33.37% to RMB 3.253 billion, primarily due to reduced flight capacity [77]. - The company reported a net loss of RMB 30.41 billion for Eastern Airlines Jiangsu in 2022, with a revenue decrease of 20.55% year-on-year [106]. - Eastern Airlines Wuhan experienced a 49.16% decline in revenue, resulting in a net loss of RMB 12.85 billion in 2022 [107]. - Eastern Airlines Yunnan reported a net loss of RMB 24.17 billion in 2022, with a revenue decrease of 29.93% year-on-year [108]. - Shanghai Airlines had a net loss of RMB 44.70 billion in 2022, with a revenue decline of 42.36% compared to the previous year [109]. Operational Metrics - The total number of passengers carried decreased by 46.26% to 42,510.46 thousand in 2022 from 79,099.06 thousand in 2021 [33]. - The available seat kilometers (ASK) decreased by 40.13% to 96,210.85 million in 2022 from 160,690.39 million in 2021 [33]. - The passenger revenue per kilometer (RPK) decreased by 43.67% to 61,287.67 million in 2022 compared to 108,803.69 million in 2021 [33]. - The total available ton kilometers (ATK) decreased by 36.24% to 15,008.09 million in 2022 from 23,539.47 million in 2021 [36]. - The company completed 1.0774 million flight hours and 445,800 takeoffs and landings during the reporting period [43]. - The company achieved a total transportation turnover of 80.25 billion ton-kilometers and a passenger transportation volume of 42.51 million, representing declines of 38.49% and 46.26% respectively compared to 2021 [41]. - The passenger load factor for 2022 was 63.70%, down 4.01 percentage points from 67.71% in 2021 [94]. Strategic Initiatives - The company plans to expand its market presence and enhance its service offerings through new product development and technology advancements [21]. - The company is undergoing strategic adjustments to improve financial performance and operational efficiency in response to market challenges [21]. - The company plans to invest approximately RMB 54.108 billion in capital expenditures for aircraft and related equipment over the next three years, with 2023, 2024, and 2025 estimated at RMB 12.741 billion, RMB 27.851 billion, and RMB 13.516 billion respectively [96]. - The company plans to enhance infrastructure construction and accelerate the development of smart civil aviation in 2023 [113]. - The company plans to introduce 36 aircraft in 2023 and 50 in 2024, while retiring 14 and 23 aircraft respectively [123]. - The company is actively involved in social responsibility initiatives, including rural revitalization and climate change research [122]. - The company is investing 1 billion yuan in technology upgrades to improve customer service and operational efficiency over the next two years [60]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 3 billion yuan allocated for potential mergers and acquisitions [176]. Risk Management - The company has outlined potential risks in its future development discussions, emphasizing the importance of investor awareness regarding investment risks [8]. - The company faces risks related to economic conditions, geopolitical tensions, and public health events that could impact aviation demand [124]. - The company is enhancing its risk management framework to address unforeseen events that could disrupt operations, such as natural disasters [139]. - The company is actively managing risks associated with international market expansion and potential mergers and acquisitions through thorough due diligence [135]. - Fluctuations in jet fuel prices significantly affect operational costs; a 5% change in average fuel prices could lead to a cost variation of approximately RMB 1.112 billion [129]. - The company has substantial foreign currency liabilities, primarily in USD; a 1% change in the USD/RMB exchange rate could impact net profit by RMB 242 million [130]. - Interest rate changes could affect the company's floating rate loan costs; a 25 basis point change could impact net profit by RMB 165 million [132]. Corporate Governance - The company has received a standard unqualified audit report from PwC Zhongtian [4]. - The company has established a complete control over its assets, ensuring no asset encroachment by the controlling shareholder [149]. - The company maintains an independent financial department with a separate accounting system and does not share bank accounts with the controlling shareholder [152]. - The company has established governance systems including rules for shareholder meetings and board meetings to enhance corporate governance [191]. - The board of directors consists of 8 independent directors, including 4 members on specialized committees [141]. - The supervisory board comprises 3 members and held 8 meetings in 2022, with 100% attendance [143]. - The company conducted 25 investor communication events and engaged with 423 investors throughout the year [147]. - The company has a structured process for shareholders to access financial reports and other corporate documents, promoting accountability [160]. Sustainability Efforts - The company is committed to achieving carbon peak and carbon neutrality, exploring fuel-saving management methods combining information technology and market approaches [114]. - The company has established a leadership group to promote the overall deployment of sustainable aviation fuel (SAF) and is actively collaborating with other airlines and research institutions on SAF development [50]. - The company is investing in sustainable practices to comply with environmental regulations, which may increase operational costs [138]. - The management highlighted a focus on sustainability, with plans to reduce carbon emissions by 30% by 2025 through fleet modernization [60]. Customer Experience - The company is committed to creating an excellent travel experience for global passengers through refined service [13]. - The company has launched the "Easy Enjoy" series of products, covering services such as easy boarding, easy transfer, parking privileges, and VIP lounge access, with approximately 410,000 passengers served throughout the year [48]. - The company is enhancing its brand service through digital innovation and improving service efficiency during irregular flight operations [121]. - The company is actively promoting green development and has established a carbon peak action plan as part of its environmental sustainability efforts [50].

Financial Performance - Total revenue for the year 2022 was RMB 46,111 million, a decrease of 31.3% from RMB 67,127 million in 2021[2] - Operating expenses totaled RMB 81,359 million, down 6.5% from RMB 86,724 million in the previous year[2] - The operating loss for 2022 was RMB 31,635 million, compared to an operating loss of RMB 13,518 million in 2021[3] - The net loss for the year was RMB 39,900 million, significantly higher than the net loss of RMB 13,284 million in 2021[5] - Basic and diluted loss per share for the year was RMB 1.98, compared to RMB 0.73 in the previous year[5] - Customer contract revenue for 2022 was RMB 45,874 million, down 31.5% from RMB 66,887 million in 2021[25] - Domestic revenue decreased to RMB 34,449 million in 2022 from RMB 56,133 million in 2021, representing a decline of 38.7%[22] - The company reported a net loss of RMB 373.86 million attributable to equity holders for 2022[33] - The net loss attributable to equity holders of the company in 2022 was RMB 37.386 billion, compared to a net loss of RMB 12.214 billion in 2021[59] Assets and Liabilities - Non-current assets totaled RMB 260,571 million, slightly down from RMB 260,880 million in 2021[6] - Current assets decreased to RMB 27,413 million from RMB 27,910 million in 2021[6] - Total liabilities increased to RMB 149,195 million from RMB 145,747 million in the previous year[8] - Total equity decreased to RMB 32,343 million from RMB 57,152 million in 2021[9] - As of December 31, 2022, the company's current liabilities exceeded current assets by approximately RMB 79.03 billion[11] - Total assets reported for 2022 were RMB 287,984 million, slightly down from RMB 288,790 million in 2021[23] - As of December 31, 2022, the total assets of the group were RMB 287.984 billion, a decrease of 0.28% from the previous year[60] - The debt-to-asset ratio increased to 88.77% as of December 31, 2022, up 8.56 percentage points from the previous year[60] Operational Highlights - The company is primarily engaged in civil aviation operations, including passenger, cargo, and mail transport[10] - The revenue from the airline business segment was RMB 45.86 billion, with a reported segment loss before tax of RMB 40.18 billion[16] - The total available ton-kilometers (ATK) decreased by 36.24% to 15,008.09 million in 2022 from 23,539.47 million in 2021[42] - The total number of aircraft operated was 778, with 34 new aircraft introduced and 11 retired in 2022[43] - The cargo load factor increased by 3.71 percentage points to 41.09% in 2022 from 37.38% in 2021[41] - In 2022, the group's passenger revenue was RMB 35.004 billion, a decrease of 35.30% year-on-year, accounting for 81.83% of total transportation revenue[56] - Domestic passenger revenue was RMB 30.571 billion, down 39.60% year-on-year, representing 87.33% of passenger revenue[56] - International passenger revenue increased by 30.86% year-on-year to RMB 4.185 billion, accounting for 11.96% of passenger revenue[56] Cash Flow and Financing - The company reported a net cash outflow from operating activities of RMB 6.47 billion[11] - The company expects to achieve a net cash inflow from operating activities for at least the next twelve months, considering factors such as flight recovery and operational costs including fuel prices[11] - The company has sufficient unused bank credit facilities as of December 31, 2022, to support its operations and debt repayments[11] - The company anticipates continued access to adequate financing sources over the next twelve months to ensure operational sustainability[11] - The company raised approximately RMB 15 billion through a private placement of 3,416,856,492 A shares at a price of RMB 4.39 per share, completed on December 29, 2022[97] Strategic Initiatives - The company launched the "Domestic Through Train" product on December 30, 2022, involving 19 routes and 27 flight combinations[48] - The group achieved a total of 270 quality improvement projects to enhance efficiency and effectiveness[51] - The company is actively pursuing sustainable aviation fuel (SAF) development and has established a leadership team for its deployment[54] - The company is focusing on digital innovation and enhancing customer service experience through a member ecosystem[90] - The company is committed to social responsibility, including rural revitalization and promoting sustainable aviation fuel[91] Future Outlook - The company anticipates challenges in global economic growth but expects a significant recovery in the domestic aviation passenger market in 2023[86] - The company plans to capitalize on market recovery opportunities by optimizing flight schedules and enhancing competitiveness in key economic regions[88] - The company plans to introduce 36 aircraft in 2023, with a total of 50 aircraft planned for 2024 and 35 for 2025, while retiring 14, 23, and 37 aircraft respectively during the same years[92] Governance and Compliance - The company has implemented a comprehensive governance framework to ensure compliance with regulatory requirements[98] - The company has established a training mechanism to enhance the legal compliance awareness of its directors and senior management[99] - The company is committed to optimizing corporate governance and enhancing communication with investors to minimize stock price volatility[82]

Financial Performance - Operating revenue for Q3 2022 was RMB 16,496 million, a decrease of 7.28% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2022 was -RMB 9,380 million, with a year-to-date net profit of -RMB 28,116 million, reflecting significant losses[3]. - Basic earnings per share for Q3 2022 was -0.4970 RMB, with a year-to-date figure of -1.4897 RMB[3]. - The decline in operating revenue of 31.72% year-to-date was primarily due to decreased passenger demand caused by the COVID-19 pandemic[6]. - The net profit attributable to shareholders decreased significantly due to high fuel prices and currency exchange losses[7]. - Total operating revenue for the first three quarters of 2022 was RMB 35,850 million, a decrease of 31.9% compared to RMB 52,501 million in the same period of 2021[19]. - Net profit for the first three quarters of 2022 was a loss of RMB 29,934 million, compared to a loss of RMB 8,580 million in the same period of 2021[19]. - The total comprehensive loss for the first three quarters of 2022 was RMB 29,826 million, compared to a loss of RMB 8,848 million in the same period of 2021[20]. - The company’s operating profit for the first three quarters of 2022 was a loss of RMB 30,042 million, compared to a loss of RMB 11,604 million in 2021[19]. Assets and Liabilities - Total assets at the end of Q3 2022 were RMB 288,095 million, a slight increase of 0.54% from the end of the previous year[4]. - Total assets as of September 30, 2022, amounted to RMB 288,095 million, compared to RMB 286,548 million at the end of 2021, showing a slight increase[16]. - The company’s total liabilities increased to RMB 263,011 million as of September 30, 2022, up from RMB 231,638 million at the end of 2021, reflecting a growth of approximately 13.5%[16]. - The equity attributable to shareholders decreased by 54.51% year-on-year, reflecting the overall financial strain[4]. - The company’s non-current assets totaled RMB 253,345 million as of September 30, 2022, down from RMB 258,638 million at the end of 2021[16]. Cash Flow - Cash flow from operating activities for the year-to-date period was -RMB 260 million, a decline of 102.03% compared to the previous year[3]. - Operating cash flow for the first three quarters of 2022 was negative RMB 260 million, a significant decline from positive RMB 12,828 million in 2021[21]. - Cash and cash equivalents at the end of the third quarter of 2022 totaled RMB 23,561 million, an increase from RMB 10,832 million at the end of the same period in 2021[21]. - As of September 30, 2022, cash and cash equivalents increased to RMB 23,575 million from RMB 12,962 million as of December 31, 2021, representing an increase of approximately 82.5%[15]. - Cash inflow from financing activities was RMB 110,102 million, an increase from RMB 103,157 million in the previous year[21]. Operational Developments - The company plans to issue up to 5,662,332,023 A-shares, raising a total of no more than RMB 15 billion, with China Eastern Airlines Group committing to subscribe at least RMB 5 billion[11]. - The company signed an agreement to introduce 100 A320NEO series aircraft, pending shareholder approval[12]. - The board approved a cap of RMB 9 billion for exclusive operating transactions related to air cargo business for 2022, pending shareholder approval[14]. - The company plans to adjust the cap for daily related transactions for the air cargo business in 2022, which is subject to shareholder approval[14]. - Shareholder Shanghai Junyao Group intends to reduce its holdings by up to 155,915,954 shares, accounting for 0.826% of the total share capital[12]. Costs and Expenses - Total operating costs increased to RMB 68,218 million, up 1.0% from RMB 67,880 million in the previous year[19]. - The company incurred financial expenses of RMB 7,309 million, a substantial increase from RMB 3,235 million in the previous year[19]. - The weighted average return on equity for Q3 2022 was -33.43%, a decrease of 27.06 percentage points year-on-year[3]. - Non-operating income for Q3 2022 amounted to RMB 123 million, down from RMB 237 million in the previous year[5].