2025 中期報告 在中華人民共和國註冊成立的股份有限公司 股份代號 : A股 : 600115 H股 : 00670 目錄 2 釋義 6 公司業務概要 7 公司資料 9 中期財務資料 15 中期簡明合併財務報表附註 42 運營數據摘要 45 機隊結構 46 管理層討論與分析 釋義 在本報告中，除非文義另有所指，下列詞語具有如下含義： 運輸能力 | 可用噸公里 | 每一航段可提供業載與該航段距離的乘積之和 | | --- | --- | | 可用座公里 | 每一航段可提供的最大座位數與該航段距離的乘積之和 | | 可用貨郵噸公里 | 每一航段可提供的最大貨郵載運量與該航段距離的乘積之和 | | 運載規模 | | | 收入噸公里 | 運輸總周轉量，實際每一航段載運噸數與該航段距離的乘積之和 | | --- | --- | | 客運人公里 | 旅客周轉量，實際每一航段旅客運輸量與該航段距離的乘積之和 | | 貨郵載運噸公里 | 貨郵周轉量，實際每一航段貨郵載運噸數與該航段距離的乘積之和 | | 貨郵載運量 | 實際裝載的貨郵重量 | | 運輸效率 | | | 綜合載運率 | 運輸總周轉量與可用噸公里之比 | | ...

2025 中期報告 在中華人民共和國註冊成立的股份有限公司 股份代號 : A股 : 600115 H股 : 00670 釋義 在本報告中，除非文義另有所指，下列詞語具有如下含義： 運輸能力 | 可用噸公里 | 每一航段可提供業載與該航段距離的乘積之和 | | --- | --- | | 可用座公里 | 每一航段可提供的最大座位數與該航段距離的乘積之和 | | 可用貨郵噸公里 | 每一航段可提供的最大貨郵載運量與該航段距離的乘積之和 | | 運載規模 | | | 收入噸公里 | 運輸總周轉量，實際每一航段載運噸數與該航段距離的乘積之和 | | --- | --- | | 客運人公里 | 旅客周轉量，實際每一航段旅客運輸量與該航段距離的乘積之和 | | 貨郵載運噸公里 | 貨郵周轉量，實際每一航段貨郵載運噸數與該航段距離的乘積之和 | | 貨郵載運量 | 實際裝載的貨郵重量 | | 運輸效率 | | | 綜合載運率 | 運輸總周轉量與可用噸公里之比 | | 客座率 | 旅客周轉量與可用座公里之比 | | 貨郵載運率 | 貨郵周轉量與可用貨郵噸公里之比 | | 單位收益 | | | 收入噸公里收益 | 運輸及相關收 ...

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2025-065 中国东方航空股份有限公司 关于政府征收部分地块和房屋等资产的公告 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： 为配合上海浦东国际机场四期扩建工程航站区工程项目（简称"浦东机场 四期"），中国东方航空股份有限公司（简称"公司"）及控股子公司上海航空有 限公司（简称"上海航空"）拟分别与上海市浦东新区建设和交通委员会签署相关 协议，由上海浦东新区人民政府征收公司及上海航空位于上海浦东国际机场机务 维修区的地块和房屋等资产。 一、交易概述 （一）本次交易的基本情况 1.本次交易概况 为配合上海浦东国际机场四期扩建工程航站区工程项目，公司及上海航空拟 分别与上海市浦东新区建设和交通委员会签署相关协议，由上海浦东新区人民政 府征收公司及上海航空位于浦东国际机场机务维修区地块的房屋，并回收国有土 地使用权。 本次被征收的公司及上海航空的地块和房 ...

本次被征收的公司及上海航空的地块和房屋等资产位于上海市浦东新区飞翱路126、128号和上海市浦东 新区飞翱路100号。经多次协商，近日，公司及上海航空分别与上海市浦东新区建设和交通委员会签署 《上海市国有土地上房屋征收补偿协议》（浦府房征决字[2024]第011号-02、浦府房征决字[2024]第011 号-03），就征收相关事宜进行明确约定，补偿金额分别为7.81亿元和5.02亿元。 格隆汇9月26日丨中国东航(600115.SH)公布，为配合上海浦东国际机场四期扩建工程航站区工程项目， 公司及上海航空拟分别与上海市浦东新区建设和交通委员会签署相关协议，由上海浦东新区人民政府征 收公司及上海航空位于浦东国际机场机务维修区地块的房屋，并回收国有土地使用权。 ...

本次被征收的公司及上海航空的地块和房屋等资产位于上海市浦东新区飞翱路126、128号和上海市浦东 新区飞翱路100号。经多次协商，近日，公司及上海航空分别与上海市浦东新区建设和交通委员会签署 《上海市国有土地上房屋征收补偿协议》（浦府房征决字[2024]第011号-02、浦府房征决字[2024]第011 号-03），就征收相关事宜进行明确约定，补偿金额分别为7.81亿元和5.02亿元。 格隆汇9月26日丨中国东航(600115.SH)公布，为配合上海浦东国际机场四期扩建工程航站区工程项目， 公司及上海航空拟分别与上海市浦东新区建设和交通委员会签署相关协议，由上海浦东新区人民政府征 收公司及上海航空位于浦东国际机场机务维修区地块的房屋，并回收国有土地使用权。 ...

Core Viewpoint - China Eastern Airlines has shown a mixed performance in terms of financing activities and stockholder metrics, with a slight increase in stock price but a significant net loss reported in the latest financial results [1][2]. Financing Activities - On September 24, China Eastern Airlines recorded a financing buy-in amount of 19.88 million yuan, with a net financing buy of 3.15 million yuan after repayments [1]. - The total financing balance stood at 390 million yuan, accounting for 0.56% of the circulating market value, which is below the 50th percentile level over the past year, indicating a low financing level [1]. - In terms of securities lending, the company had a repayment of 79,100 shares and a sell-out of 123,400 shares, with a sell-out amount of approximately 499,800 yuan [1]. Financial Performance - For the first half of 2025, China Eastern Airlines reported an operating revenue of 66.82 billion yuan, reflecting a year-on-year growth of 4.09% [2]. - The company experienced a net loss attributable to shareholders of 1.43 billion yuan, which is an increase in loss by 48.30% compared to the previous period [2]. Shareholder Metrics - As of June 30, 2025, the number of shareholders for China Eastern Airlines was 155,100, a decrease of 11.06% from the previous period [2]. - The top ten circulating shareholders include China Securities Finance Corporation, holding 430 million shares, and Hong Kong Central Clearing Limited, which increased its holdings by approximately 55.22 million shares to 300 million shares [3]. Dividend Information - Since its A-share listing, China Eastern Airlines has distributed a total of 3.296 billion yuan in dividends, but there have been no dividends paid in the last three years [3].

Core Viewpoint - China Eastern Airlines experienced a decline in stock price by 1.23% on September 23, with a trading volume of 454 million yuan, indicating a challenging market environment for the company [1]. Financing Summary - On September 23, China Eastern Airlines had a financing buy-in amount of 19.98 million yuan and a financing repayment of 61.36 million yuan, resulting in a net financing outflow of 41.37 million yuan [1]. - The total financing and securities balance for China Eastern Airlines as of September 23 is 389 million yuan, with the current financing balance of 387 million yuan accounting for 0.56% of the circulating market value, which is below the 40th percentile level over the past year, indicating a low financing level [1]. - In terms of securities lending, the company repaid 79,000 shares and sold 70,000 shares on the same day, with a selling amount of 282,500 yuan, while the securities lending balance is 2.09 million yuan, exceeding the 60th percentile level over the past year, indicating a high level of securities lending [1]. Financial Performance - For the first half of 2025, China Eastern Airlines reported an operating revenue of 66.82 billion yuan, representing a year-on-year growth of 4.09%, while the net profit attributable to shareholders was -1.43 billion yuan, showing a year-on-year increase of 48.30% in losses [2]. Shareholder and Dividend Information - Since its A-share listing, China Eastern Airlines has distributed a total of 3.296 billion yuan in dividends, with no dividends paid in the last three years [3]. - As of June 30, 2025, the number of shareholders for China Eastern Airlines is 155,100, a decrease of 11.06% from the previous period, with an average of 0 circulating shares per person [2][3]. - Among the top ten circulating shareholders, China Securities Finance Corporation holds 430 million shares, unchanged from the previous period, while Hong Kong Central Clearing Limited increased its holdings by 55.22 million shares to 300 million shares [3].

《中国民航报》、中国民航网 记者胡夕姮 报道：9月19日，第四届"央企消费帮扶兴农周"暨中国东航 2025中秋消费帮扶大集市圆满落幕。综合员工个人采购额和集中采购额，本次集市销售额超千万元，创 历史新高，生动展现了东航以消费帮扶助力乡村振兴、促进民族团结的扎实成效。集市期间，东航公司 领导亲临现场观展交流，云南临沧市有关领导率歌舞团专程赴"东航之家"慰问演出，广大员工踊跃参 与、热情高涨，八天展销汇聚浓浓帮扶情谊。 活动不仅"卖产品"，更是"传文化"--首次设置快闪舞台，让能歌善舞的少数民族商户为大家带来表演， 引来观众喝彩阵阵。1999年出生的傣族青年刀发龙现场弹唱歌曲《祝福送给你》，以表达对东航帮扶的 感谢。刀发龙身后的展台上，来自沧源残疾人产业就业基地的佤族手艺人现场演示竹丝编技艺，所制胸 针、茶具等工艺品获得一众东航员工的青睐。近年来，东航多次在云南省临沧市沧源、双江两县举 办"东航·残疾人非遗传承竹丝编培训班"，帮助当地残疾人学习非遗技艺，用双手改变人生。 在临沧市双江县同化村挂职的帮扶干部李安维表示，消费帮扶的"根"在于企业赚钱、反哺百姓，带动农 户增收。这次大集市上，双江县老百姓种植的黑小糯玉米 ...

Group 1 - China Eastern Airlines' stock increased by 0.25% on September 22, with a trading volume of 360 million yuan [1] - The financing buy-in amount for China Eastern Airlines on the same day was 22.27 million yuan, while the financing repayment was 20.61 million yuan, resulting in a net financing buy of 1.66 million yuan [1] - As of September 22, the total financing and securities lending balance for China Eastern Airlines was 430 million yuan [1] Group 2 - As of June 30, the number of shareholders for China Eastern Airlines was 155,100, a decrease of 11.06% from the previous period [2] - For the first half of 2025, China Eastern Airlines reported operating revenue of 66.82 billion yuan, a year-on-year increase of 4.09%, and a net profit attributable to shareholders of -1.43 billion yuan, an increase of 48.30% year-on-year [2] - The company has distributed a total of 3.296 billion yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] Group 3 - As of June 30, 2025, China Securities Finance Corporation was the eighth largest shareholder of China Eastern Airlines, holding 430 million shares, unchanged from the previous period [3] - Hong Kong Central Clearing Limited was the tenth largest shareholder, holding 300 million shares, an increase of 55.22 million shares from the previous period [3]

Summary of Key Points Core Viewpoint - China Eastern Airlines has shown mixed financial performance with a slight increase in stock price and fluctuating financing activities, indicating potential investment opportunities and risks in the airline sector [1][2]. Financing Activities - On September 19, China Eastern Airlines' stock rose by 0.74% with a trading volume of 457 million yuan - The financing buy-in amount was 24.87 million yuan, while the financing repayment was 30.72 million yuan, resulting in a net financing buy of -5.84 million yuan - As of September 19, the total financing and securities balance was 428 million yuan, with the financing balance at 426 million yuan, accounting for 0.61% of the circulating market value, which is above the 70th percentile of the past year [1]. Short Selling Activities - On the same day, the company repaid 27,500 shares in short selling and sold 127,600 shares, amounting to 519,300 yuan based on the closing price - The short selling balance was 204.52 million yuan, exceeding the 60th percentile of the past year, indicating a high level of short selling activity [1]. Company Overview - China Eastern Airlines, established on April 14, 1995, and listed on November 5, 1997, is headquartered in Shanghai - The company primarily engages in air passenger, cargo, mail, and baggage transportation, with 98.10% of its revenue coming from air transportation services [1]. Financial Performance - For the first half of 2025, China Eastern Airlines reported operating revenue of 66.82 billion yuan, a year-on-year increase of 4.09% - The net profit attributable to shareholders was -1.43 billion yuan, reflecting a year-on-year increase of 48.30% in losses [2]. Shareholder Information - As of June 30, 2025, the number of shareholders was 155,100, a decrease of 11.06% from the previous period - The top ten circulating shareholders include China Securities Finance Corporation with 430 million shares and Hong Kong Central Clearing Limited with 300 million shares, the latter having increased its holdings by 55.22 million shares [3].