2018-03-29 16:00Fleet and Operations - As of the end of 2017, the company operated a modern fleet of 637 passenger aircraft, with an average age of approximately 5.5 years, making it one of the youngest fleets among major global network airlines[13]. - The company’s fleet includes 10 managed business jets, indicating diversification in its operational capabilities[13]. - The company operates a fleet of 637 aircraft with an average age of approximately 5.5 years, positioning it among the world's most efficient airlines[39]. - The company reported a passenger turnover of 55.16 million in 2017, marking a year-on-year increase of 13.0%[41]. - The company achieved a total transportation turnover of 18.856 billion ton-kilometers, a year-on-year increase of 8.79%[63]. - The company transported 111 million passengers in 2017, representing a year-on-year growth of 8.91%[63]. - The company added 573 pilots in 2017, bringing the total number of pilots to 7,332[122]. - New routes opened in 2017 included Shanghai Pudong to Cebu and Jakarta, expanding the network to 1,074 destinations across 174 countries[123]. Financial Performance - In 2017, the company's operating revenue reached RMB 101,721 million, an increase of 3.21% compared to RMB 98,560 million in 2016[24]. - The net profit attributable to shareholders was RMB 6,352 million, representing a significant increase of 40.91% from RMB 4,508 million in the previous year[24]. - The basic earnings per share for 2017 was RMB 0.4391, a 34.45% increase from RMB 0.3266 in 2016[25]. - The weighted average return on equity rose to 12.64%, an increase of 1.79 percentage points from 10.85% in 2016[25]. - The company's net assets attributable to shareholders increased by 12.55% to RMB 53,106 million at the end of 2017, compared to RMB 47,186 million at the end of 2016[24]. - The company achieved a business automation coverage rate exceeding 97%[49]. - The operating revenue for 2017 was RMB 101.721 billion, an increase of 3.21% compared to the previous year[63]. - Operating costs rose to RMB 90.285 billion, reflecting a 9.32% increase compared to the previous year[77]. Strategic Initiatives - The company plans to continue enhancing its service quality and expanding its market presence, aiming to be a world-class integrated aviation service provider[24]. - The company is focusing on digital transformation to enhance operational management and innovation capabilities, aiming to become a benchmark for industrial and information integration[48]. - The company plans to enhance its e-commerce platform and expand non-aviation business revenue through the establishment of Eastern Airlines E-commerce[49]. - The company is transitioning to a low-cost airline model while maintaining full-service offerings[49]. - The company is advancing its "hub network operation" strategy, focusing on Shanghai as the core hub and strengthening the regional hubs in Xi'an and Kunming, with a total of 1,074 destination cities across 177 countries and regions[146]. - The company plans to leverage opportunities from the "Belt and Road" initiative and the construction of the new Beijing airport to enhance operational performance[152]. Risk Management and Governance - The company has a strong commitment to financial integrity, with the board and management affirming the accuracy and completeness of the annual report[6]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[5]. - The company is focused on managing supplier risks due to the limited number of suppliers for critical operational resources, which could adversely affect production if any major supplier faces operational issues[12]. - The company is committed to enhancing corporate governance and fulfilling information disclosure obligations to mitigate stock price volatility risks influenced by various external factors[13]. - The company has established an emergency response mechanism to minimize adverse impacts from unforeseen risks such as natural disasters and public health emergencies[14]. Environmental and Social Responsibility - The company reported a 40% annual reduction in carbon dioxide emissions, earning recognition at the World Environmental Conference[75]. - The company is enhancing its management through refined strategies, utilizing big data and cloud computing to improve market analysis and optimize capacity deployment[149]. - The company aims to improve its information security measures to protect against potential data breaches and cyber threats[170]. Shareholder Returns - The board proposed a cash dividend distribution of approximately RMB 740.25 million for the fiscal year 2017, translating to a cash dividend of RMB 0.051 per share[3]. - The company has a cash dividend policy that mandates a minimum distribution of 30% of the average distributable profit over the last three years[179]. - For the 2016 fiscal year, the company distributed cash dividends of approximately RMB 708.90 million, with a cash dividend of RMB 0.049 per share[180].