CEA(600115)2024-10-30 11:02Financial Performance - The operating revenue for Q3 2024 was RMB 38,386 million, representing a 6.23% increase compared to RMB 36,136 million in the same period last year[2]. - The net profit attributable to shareholders was RMB 2,630 million, a decrease of 28.18% from RMB 3,662 million year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 2,430 million, down 30.59% from RMB 3,501 million in the previous year[2]. - The basic earnings per share for Q3 2024 was RMB 0.12, a decrease of 25.00% compared to RMB 0.16 in the same period last year[4]. - The weighted average return on equity was 14.21%, down 0.41 percentage points from 14.62% year-on-year[4]. - Total operating revenue for the first three quarters of 2024 reached RMB 102,585 million, a 19.7% increase from RMB 85,647 million in the same period of 2023[17]. - Total operating costs increased to RMB 107,472 million, up 15.9% from RMB 92,643 million year-over-year[17]. - Net profit for the first three quarters of 2024 was RMB -184 million, an improvement from RMB -2,559 million in the same period of 2023[19]. - The company reported a basic earnings per share of RMB -0.01, improving from RMB -0.12 in the previous year[20]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 276,257 million, a decrease of 2.24% compared to the previous year[4]. - Total assets decreased to RMB 276,257 million from RMB 282,574 million, reflecting a 2.2% decline[16]. - Total liabilities decreased to RMB 235,438 million from RMB 241,251 million, a reduction of 2.4%[16]. - The company’s total non-current assets decreased to RMB 254,006 million from RMB 256,758 million, a decline of 1.1%[16]. Cash Flow - The company reported a net cash flow from operating activities of RMB 26,377 million for the year-to-date period[4]. - Cash flow from operating activities generated RMB 26,377 million, slightly up from RMB 26,281 million year-over-year[21]. - Cash received from operating activities increased to RMB 123,212 million, compared to RMB 103,553 million in the previous year, marking an 18.9% increase[21]. - Cash outflow from investment activities totaled 12,751 million, compared to 13,229 million in the previous year[22]. - Net cash flow from investment activities was -11,829 million, an increase in outflow from -10,761 million year-over-year[22]. - Cash inflow from financing activities amounted to 65,223 million, up from 63,500 million in the previous year[22]. - Cash outflow from financing activities was 85,328 million, compared to 83,628 million in the previous year[22]. - Net cash flow from financing activities was -20,105 million, slightly improved from -20,128 million year-over-year[22]. - The net increase in cash and cash equivalents was -5,565 million, compared to -4,605 million in the previous year[22]. - The ending balance of cash and cash equivalents was 6,293 million, down from 13,565 million year-over-year[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 186,678[7]. - The company plans to repurchase shares with a total amount of RMB 5 billion to RMB 10 billion, with A shares and H shares each accounting for RMB 2.5 billion to RMB 5 billion[11]. - The company received a notification from shareholders regarding the merger of its subsidiary Shanghai Jidao Aviation, which holds 589,041,096 shares, representing 2.64% of the total share capital[10]. - The company completed a share buyback plan, accumulating a total investment of approximately RMB 9.78 billion, acquiring 152,157,306 A shares and 152,156,000 H shares[13]. - The company’s major shareholder, China Eastern Airlines Group, has completed a share increase plan, acquiring a total of 0.68% of the total issued shares[13]. Investments and Subsidiaries - The company acquired a 55% stake in Eastern Airlines Media, which is now a subsidiary, affecting the financial data for 2023[4]. - The company plans to increase its investment in Shanghai Airlines by RMB 4.5 billion, raising its registered capital to RMB 10 billion[12]. - The company’s long-term investments rose to RMB 2,720 million, up from RMB 2,513 million year-over-year, indicating an 8.2% increase[16]. - The company’s total current assets include inventories valued at RMB 1,824 million, up from RMB 1,640 million at the end of 2023[13]. - The company’s other receivables rose to RMB 3,521 million from RMB 2,290 million compared to December 31, 2023[13]. - The company’s board approved a plan to liquidate and deregister a subsidiary, aiming to streamline operations[11]. Accounting Standards - The company has implemented new accounting standards starting in 2024, affecting the financial statements[22]. - Non-recurring gains and losses totaled RMB 200 million for the current period, with significant contributions from asset disposals and other income[5].