Financial Performance - The net profit attributable to shareholders of the listed company for 2025 was -1.633 billion RMB, an improvement from -4.226 billion RMB in 2024[6] - Total operating revenue for 2025 reached 139.941 billion RMB, representing a 5.92% increase compared to 132.120 billion RMB in 2024[11] - The net profit after deducting non-recurring gains and losses was RMB -2.949 billion, an improvement from RMB -4.983 billion in the previous year[25] - The company reported a weighted average return on equity of -16.81% for 2025, an improvement from -23.04% in 2024[11] - The total assets of the company as of the end of 2025 were 291.764 billion RMB, up 5.48% from 276.600 billion RMB in 2024[11] - The net cash flow from operating activities for 2025 was 37.941 billion RMB, a slight increase of 1.68% from 37.314 billion RMB in 2024[11] Shareholder Information - The company had a total of 125,700 common shareholders as of the end of the reporting period[15] - The top shareholder, China Eastern Airlines Group, holds 40.11% of the shares, totaling 8.859 billion shares[15] Debt and Financial Ratios - The debt-to-asset ratio increased to 86.69%, up by 1.66 percentage points from 85.03%[25] - The EBITDA to total debt ratio improved to 0.13, a rise of 8.33% from the previous year[25] - The interest coverage ratio significantly increased to 0.98, up 345.45% from 0.22[25] - The company’s interest expenses decreased by 963 million yuan, a year-on-year reduction of 18.71%[33] Operational Performance - The total passenger transportation volume reached 150 million, an increase of 6.67% compared to the previous year[27] - The company completed a total flight time of 2.7462 million hours, with 1.0504 million flights, reflecting a year-on-year growth of 5.12% and 2.05% respectively[27] - The company achieved historical highs in transportation turnover, passenger transport volume, and cargo transport volume, significantly improving operational performance[30] - The company’s flight punctuality rate was 91.74%, exceeding the average level of the civil aviation industry, and passenger satisfaction increased by 2.76% year-on-year[34] Safety and Management - Safety operations were maintained with a focus on enhancing safety management systems and training[28] - The company emphasized the importance of safety culture, achieving a 100% coverage rate in safety responsibility training[29] - The company is emphasizing enhancing safety operations, focusing on "absolute safety" and increasing investment in safety measures, including breakthroughs in AI applications for safety data analysis[41] Strategic Initiatives - The company plans to enhance core competitiveness and accelerate high-quality development in 2026[40] - The company is implementing a "Three Flights" strategy to refine domestic markets, expand international markets, and cultivate emerging markets, aiming to optimize passenger transfer processes and improve aircraft utilization rates[42] - The company is deepening service brand development by upgrading service standards to align with world-class airlines and enhancing service offerings such as "Eastern Enjoy" and "Eastern Smooth" brands[43] - The company is advancing comprehensive reforms and internal market-oriented accounting mechanisms, while promoting technological innovation and digital transformation initiatives[44] - The company is improving corporate governance by clarifying responsibilities among governance entities and enhancing market value management[45] New Routes and Network Expansion - The company opened 24 new international routes, bringing the total to 249 international routes covering 40 countries and 93 overseas destinations, enhancing its international network[30] Dividend Policy - The company will not distribute cash dividends for the 2025 fiscal year due to accumulated losses, as the distributable profits are negative[6] Aircraft Fleet - The company operates a fleet of 826 passenger aircraft with an average age of approximately 9.4 years, focusing on major hubs in Shanghai, Beijing, and Xi'an[10] Product Development - The company has not reported any new product launches or significant technological advancements in the current fiscal year[10] Financing Activities - The company issued 9 short-term financing bonds and 6 medium-term notes, raising a total of 30.5 billion yuan, while the discount scale of bill financing reached 42.5 billion yuan[33]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 海外監管公告 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列中國東方航空股份有限公司在上海證券交易所網站刊登的以下資料中文全文，僅供參 閱： 1. 中國東方航空股份有限公司2025年度財務報表及審計報告 2. 中國東方航空股份有限公司2025年度內部控制審計報告 3. 中國東方航空股份有限公司2025年度控股股東及其他關聯方佔用資金情況專項說明 4. 中國東方航空股份有限公司2025年東航股份營業收入扣除情況專項報告 5. 中國東方航空股份有限公司2025年度涉及財務公司關聯交易的存貸款等金融業務的專項 說明 中国东方航空股份有限公司 财务报表及审计报告 2025 年 12 月 31 日止年度 承董事會命 中國東方航空股份有限公司 李干斌 聯席公司秘書 中華人民共和國，上海 2026年3月30日 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 海外監管公告 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列中國東方航空股份有限公司在上海證券交易所網站刊登的以下資料中文全文，僅供參 閱： 承董事會命 中國東方航空股份有限公司 李干斌 聯席公司秘書 中華人民共和國，上海 2026年3月30日 於本公告日期，本公司董事包括王志清（董事長）、高飛（副董事長、總經理）、成國偉（董事）、孫錚（獨立非執行董事）、 陸雄文（獨立非執行董事）、羅群（獨立非執行董事）、馮詠儀（獨立非執行董事）、鄭洪峰（獨立非執行董事）及揭小清（職 工董事）。 1. 中國東方航空股份有限公司2025年度內部控制評價報告 2. 中國東方航空股份有限公司董事會審計和風險管理委員會2025年度履職報告 3. 中國東方航空股份有限公司獨立董事孫錚2025年度述職報告 4. 中國東方航空股 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 承董事會命 中國東方航空股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 海外監管公告 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列中國東方航空股份有限公司在上海證券交易所網站刊登的以下資料中文全文，僅供參 閱： 李干斌 聯席公司秘書 中華人民共和國，上海 2026年3月30日 於本公告日期，本公司董事包括王志清（董事長）、高飛（副董事長、總經理）、成國偉（董事）、孫錚（獨立非執行董 事）、陸雄文（獨立非執行董事）、羅群（獨立非執行董事）、馮詠儀（獨立非執行董事）、鄭洪峰（獨立非執行董事）及 揭小清（職工董事）。 可持续之旅 严细实韧 推动安全工作向更高层次更高水平发展 | 54 | 筑牢航空安全防线 | | --- | --- | | 60 | 守护旅客健康出行 | | 62 | 保障员工身心健康 | "四精"服务 创造高品质精 ...

Group 1 - The core point of the article is that China Eastern Airlines (SH 600115) announced a share buyback plan to reduce its registered capital, with a total funding amount between RMB 5 billion and RMB 10 billion [1] - The buyback price will not exceed RMB 5 per share, and it will be capped at 150% of the average trading price over the 30 trading days prior to the board's approval of the buyback plan [1] - The buyback period will last for no more than twelve months from the date of the shareholders' meeting that approves the buyback plan [1]

Core Viewpoint - China Eastern Airlines reported a successful turnaround in 2025, achieving profitability with a total profit of RMB 274 million, marking a significant recovery from previous losses [1] Financial Performance - The company achieved an operating revenue of RMB 139.94 billion, representing a year-on-year growth of 5.92% [1] - Total operating costs amounted to RMB 132.66 billion, an increase of 4.87% year-on-year, primarily due to increased transportation production [1] - The total profit for the year was RMB 274 million, indicating a return to profitability [1] Operational Metrics - The airline recorded a total flight time of 2.7462 million hours and 1.0504 million flights, reflecting increases of 5.12% and 2.05% year-on-year, respectively [1] - The total transportation turnover reached 27.981 billion ton-kilometers, with passenger transport volume at 150 million, showing growth of 10.82% and 6.67% year-on-year [1] Fuel Costs - The fuel cost for the company was RMB 43.69 billion, which decreased by 3.98% year-on-year [1] - The reduction in fuel costs was attributed to a decrease in average aviation fuel prices by 8.20%, which led to a cost reduction of RMB 3.90 billion [1] - Despite an increase in flight hours and fuel consumption, the overall fuel cost was managed effectively due to favorable oil price trends [1]

Core Viewpoint - China Eastern Airlines (600115.SH) reported a turnaround in profitability for the year 2025, achieving a total profit of RMB 274 million after previously incurring losses [1] Financial Performance - The company achieved a total operating revenue of RMB 139.94 billion, representing a year-on-year increase of 5.92% [1] - The total transportation turnover reached 27.981 billion ton-kilometers, with passenger transportation volume at 150 million, reflecting year-on-year growth of 10.82% and 6.67% respectively [1] - Operating costs amounted to RMB 132.655 billion, an increase of 4.87% year-on-year, primarily due to increased transportation production [1] Fuel Costs - The aircraft fuel cost was RMB 43.69 billion, showing a decrease of 3.98% year-on-year [1] - The increase in flight hours and flight numbers led to a 4.60% rise in fuel consumption, adding RMB 2.094 billion to fuel costs [1] - A decline in crude oil prices resulted in an average aviation fuel price drop of 8.20%, which reduced fuel costs by RMB 3.903 billion [1]

Core Viewpoint - China Eastern Airlines reported a revenue of 139.94 billion yuan for 2025, reflecting a year-on-year growth of 5.92%, while the net profit attributable to shareholders was -1.63 billion yuan, an increase of 61.36% compared to the previous year [1] Group 1: Financial Performance - The company's basic earnings per share for 2025 was -0.11 yuan, with a weighted average return on equity of -16.81% [1] - The price-to-earnings ratio (TTM) is approximately -48.40 times, the price-to-book ratio (LF) is about 2.29 times, and the price-to-sales ratio (TTM) is around 0.71 times [1] - In Q4 2025, the gross margin was -1.42%, up 1.50 percentage points year-on-year but down 15.16 percentage points quarter-on-quarter; the net margin was -12.58%, an increase of 3.04 percentage points year-on-year but a decrease of 22.32 percentage points quarter-on-quarter [1] Group 2: Expense Management - Total operating expenses for the year were 14.34 billion yuan, a decrease of 1.43 billion yuan compared to the previous year; the expense ratio was 10.25%, down 1.69 percentage points year-on-year [1] - Sales expenses increased by 12.17% year-on-year, while management expenses decreased by 3.92%, R&D expenses decreased by 18.95%, and financial expenses decreased by 32.14% [1] Group 3: Shareholder Information - As of the end of 2025, the total number of shareholders was 125,700, a decrease of 24,200 from the end of Q3, representing a decline of 16.15%; the average market value per shareholder increased from 617,100 yuan to 1,054,300 yuan, a growth of 70.85% [2] Group 4: Business Overview - China Eastern Airlines, established on April 14, 1995, and listed on November 5, 1997, is headquartered in Shanghai and primarily engages in passenger, cargo, mail, and luggage transportation, along with related services [2] - The main revenue sources include passenger service revenue (92.50%), cargo service revenue (3.86%), ticket refund fees (1.74%), other revenues (1.28%), and ground service revenue (0.62%) [2] - The company is classified under the transportation industry, specifically in the aviation sector, and is associated with concepts such as civil aviation, aviation transportation, and benefits from RMB appreciation [2]

中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 公司董事长王志清，副董事长高飞，董事成国伟，独立董事孙铮、陆雄文、 罗群、冯咏仪、郑洪峰、职工董事揭小清审议了有关议案，一致同意并做出以下 决议： 一、审议通过《关于公司 2025 年度财务报告的议案》。 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。 中国东方航空股份有限公司（以下简称"公司"）董事会 2026 年第 3 次会 议，根据《公司章程》和《董事会议事规则》的规定，经董事长王志清召集，于 2026 年 3 月 30 日在东航之家召开。 参加会议的董事确认会前均已收到本次董事会会议通知。本次会议的召开符 合《公司法》和《公司章程》的有关规定，参加本次会议的董事已达法定人数， 会议合法有效。 同意将本议案提交公司股东会审议。 本议案已经公司董事会审计和风险管理委员会审议通过。 证券代码：600115 证券简称：中国东航 公告编号：临 2026-016 中国东方航空股份有限公司 董事会 2026 年第 3 次会议决议公告 二、审 ...

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 2026-018 中国东方航空股份有限公司 2025 年度不进行利润分配的公告 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： 公司 2025 年度归属于上市公司股东的净利润为人民币-16.33 亿元，母公司 累计可供分配利润为负。根据《公司法》和《公司章程》的相关规定，公司 不具备现金分红的前提条件。综合考虑公司的长远发展和全体股东利益，公 司董事会同意公司 2025 年度不进行现金分红，不实施公积金转增股本。 中国东方航空股份有限公司（以下简称"公司"）董事会 2026 年第 3 次会议 审议通过《关于公司 2025 年度利润分配预案的议案》，建议公司 2025 年度不 实施现金分红，不实施公积金转增股本。上述年度利润分配预案尚需提交公司 股东会审议。 一、2025 年度不进行利润分配的原因及有关情况说明 公司 2025 年度归属于上市公司股东的净利润为人民 ...