Core Viewpoint - China Eastern Airlines Corporation Limited has announced the release of its 2025 semi-annual report on August 29, 2025, and will hold a joint performance briefing with its subsidiary, Eastern Air Logistics Co., Ltd., on September 12, 2025, to address investor concerns [1] Group 1 - The company aims to provide a comprehensive understanding of its 2025 semi-annual performance and operational status to investors [1] - The joint performance briefing will take place from 11:00 to 12:00 on September 12, 2025 [1] - The briefing will focus on enhancing investor knowledge about the cargo logistics segment under China Eastern Airlines Group [1]

Core Viewpoint - China Eastern Airlines announced a joint mid-term performance briefing with its subsidiary, Eastern Air Logistics, scheduled for September 12, 2025 [1] Group 1 - The performance briefing will take place from 11:00 to 12:00 on the specified date [1]

Core Viewpoint - China Eastern Airlines Corporation Limited has announced the release of its 2025 semi-annual report on August 29, 2025, and will hold a joint performance briefing with its subsidiary, Eastern Air Logistics Co., Ltd., on September 12, 2025, to address investor concerns [1]. Group 1 - The company disclosed its 2025 semi-annual report on the Shanghai Stock Exchange and its official website [1]. - The joint performance briefing aims to enhance investor understanding of the company's performance and operations, particularly in the cargo logistics sector [1]. - The briefing is scheduled for September 12, 2025, from 11:00 to 12:00 [1].

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。 （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 2025年9月5日 於本公告日期，本公司董事包括王志清（董事長）、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）。 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 2025-063 中国东方航空股份有限公司 关于与东航物流联合召开 2025 年中期业绩说明会的 公 ...

Core Viewpoint - China Eastern Airlines Co., Ltd. is set to hold a mid-year performance briefing on September 12, 2025, in collaboration with its subsidiary, Eastern Air Logistics Co., Ltd., to enhance investor understanding of its performance and operations [1][2]. Group 1: Performance Briefing Details - The performance briefing will take place on September 12, 2025, from 11:00 to 12:00 [2][3]. - The event will be held at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][3]. - Investors can submit questions from September 6 to September 11, 2025, via the Roadshow Center website or through email [3]. Group 2: Participants and Contact Information - Key participants in the briefing will include the Chairman, independent directors, and senior management of China Eastern Airlines and Eastern Air Logistics [2]. - Contact information for inquiries includes phone numbers and an email address for investor relations [3]. Group 3: Additional Information - After the briefing, investors can access the main content and details of the event through the Shanghai Stock Exchange Roadshow Center [4]. - The company expresses gratitude for the support and attention from investors [4].

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 2025-063 中国东方航空股份有限公司 关于与东航物流联合召开 2025 年中期业绩说明会的 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。 1 中国东方航空股份有限公司 China Eastern Airlines Co., Ltd. 一、业绩说明会类型 会议召开时间：2025 年 9 月 12 日（星期五）11:00-12:00 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 2025 年 9 月 6 日（星期六）至 9 月 11 日（星期四）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 ...

Company Overview - China Eastern Airlines is headquartered in Shanghai and was established on April 14, 1995, with its shares listed on November 5, 1997 [1] - The company primarily engages in passenger, cargo, mail, and baggage transportation, along with general aviation services, aircraft maintenance, and agency services for domestic and international airlines [1] Financial Performance - For the first half of 2025, China Eastern Airlines reported operating revenue of 66.822 billion yuan, representing a year-on-year increase of 4.09% [2] - The net profit attributable to shareholders was -1.431 billion yuan, showing a year-on-year growth of 48.30% [2] Stock Performance - As of September 5, the stock price of China Eastern Airlines increased by 2.01%, reaching 4.06 yuan per share, with a total market capitalization of 90.503 billion yuan [1] - Year-to-date, the stock price has risen by 1.50%, with a 6.01% increase over the past 20 trading days [1] Shareholder Information - As of June 30, the number of shareholders decreased to 155,100, a reduction 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 55.2194 million shares to 300 million shares [3] Dividend History - 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]

Investment Rating - The investment rating for the company is "Outperform the Market" [6][30]. Core Views - The company has shown improvement in its financial performance for Q2 2025, with a reduction in losses. The total revenue for the first half of 2025 was 66.822 billion yuan, a year-on-year increase of 4.09%, with a net profit attributable to shareholders of -1.431 billion yuan, compared to -2.768 billion yuan in the same period last year [1][9]. - Despite a significant increase in passenger transport volume and seat utilization, the revenue per available seat kilometer (RPK) has declined, indicating pressure on earnings due to oversupply in the industry [2][4]. - The company is expected to face challenges in profitability due to a weak domestic economy and competitive pricing in the airline sector, leading to a downward revision of profit forecasts for 2025-2027 [4][30]. Financial Performance Summary - In Q2 2025, the company achieved a revenue of 33.416 billion yuan, a year-on-year increase of 7.76%, with a net profit of -0.436 billion yuan, improving from -1.965 billion yuan in the same quarter last year [1][9]. - The passenger transport volume, revenue passenger kilometers (RPK), and available seat kilometers (ASK) increased by 9.55%, 13.61%, and 8.47% respectively in Q2 2025, with a seat utilization rate of 85.63%, up 3.87 percentage points year-on-year [2][11]. - The company's operating costs for Q2 2025 were 31.789 billion yuan, a year-on-year increase of 3.29%, while the unit cost per ASK decreased by 4.71% to 0.41 yuan [3][17]. Profit Forecasts - The profit forecasts for the company have been adjusted downwards, with expected net profits of 1.08 billion yuan, 3.60 billion yuan, and 5.97 billion yuan for 2025, 2026, and 2027 respectively, reflecting a significant reduction in expectations for 2025 and 2026 [4][30]. - The company is projected to see a gradual recovery in profitability, with a return to positive net income expected by 2025 [4][30]. Valuation Comparisons - The company is compared with peers, showing that its price-to-earnings (PE) ratio for 2025 is significantly higher than that of comparable companies, indicating a potential undervaluation relative to its peers by 2027 [29][31].

Group 1 - China Eastern Airlines' stock price decreased by 1.25% on September 3, with a trading volume of 290 million yuan [1] - The financing buy-in amount for China Eastern Airlines on the same day was 18.11 million yuan, while the financing repayment was 23.17 million yuan, resulting in a net financing buy of -5.06 million yuan [1] - As of September 3, the total financing and securities lending balance for China Eastern Airlines was 375 million yuan, with the financing balance at 374 million yuan, accounting for 0.55% of the circulating market value, which is below the 30% percentile level over the past year [1] Group 2 - As of June 30, the number of shareholders for China Eastern Airlines was 155,100, a decrease of 11.06% compared to 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%, while the net profit attributable to shareholders was -1.43 billion yuan, an increase of 48.30% year-on-year [2] Group 3 - 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, China Securities Finance Corporation was the eighth largest circulating shareholder of China Eastern Airlines, holding 430 million shares, unchanged from the previous period [3] - Hong Kong Central Clearing Limited was the tenth largest circulating shareholder, holding 300 million shares, an increase of 55.22 million shares compared to the previous period [3]

Core Viewpoint - The company reported a significant reduction in net losses for the first half of 2025, driven by effective cost control measures despite revenue pressures from industry price competition [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 66.8 billion yuan, a year-on-year increase of 4.1%, with a net loss attributable to shareholders of 1.43 billion yuan, improved from a loss of 2.77 billion yuan in the first half of 2024 [1]. - The second quarter of 2025 saw revenue of 33.4 billion yuan, a year-on-year increase of 7.8%, with a net loss of 440 million yuan, significantly reduced from a loss of 1.97 billion yuan in the second quarter of 2024 [1]. - The company’s overall revenue per seat decreased by 3.1% year-on-year, with domestic and international revenue per seat declining by 4.4% and increasing by 0.5%, respectively [2]. Group 2: Cost Management - The company has effectively controlled costs, with a 2.4% year-on-year increase in unit fuel costs, while total unit costs decreased by 3.9% due to falling oil prices [2]. - The company’s debt structure has been optimized, with a reduction in dollar-denominated debt to 11.7% of total debt by mid-2025 [2]. Group 3: Strategic Initiatives - The company has strengthened its international hub position and expanded its international route network, achieving 118% of its international capacity compared to the same period in 2019 [3]. - The company served 4.96 million international transfer passengers in the first half of 2025, a year-on-year increase of 25%, indicating a positive trend in international travel demand [3]. - The company adjusted its aircraft acquisition plan, reducing the number of aircraft to be introduced in 2026 and 2027 by 39 and 13 units, respectively, focusing on enhancing the efficiency of its existing fleet [4].