2019-10-29 16:00Financial Performance - For the first three quarters of 2019, the company achieved operating revenue of RMB 93.4 billion, a year-on-year increase of 6.28%[6] - The net profit attributable to shareholders of the listed company for the first three quarters was RMB 4.367 billion, a decrease of 2.74% year-on-year[6] - The company reported a total profit of RMB 6.095 billion for the first three quarters, a decrease of 3.39% compared to the previous year[11] - In Q3 2019, the company achieved operating revenue of RMB 34.616 billion, a year-on-year increase of 3.47%[11] - The net profit attributable to shareholders of the listed company in Q3 2019 was RMB 2.424 billion, an increase of 9.83% year-on-year[11] - The operating costs for the first nine months of 2019 were RMB 87.878 billion, up from RMB 74.419 billion in the same period of 2018, which is an increase of approximately 18.2%[24] - The financial expenses for the third quarter of 2019 were RMB 2.791 billion, compared to RMB 2.550 billion in the same quarter of 2018, representing an increase of about 9.5%[24] - The total comprehensive income attributable to shareholders of the parent company for the nine months ended September 30, 2019, was RMB 2,509 million, compared to RMB 2,269 million in the same period of 2018, representing an increase of 10.57%[25] Assets and Liabilities - The company’s total assets at the end of the reporting period were RMB 281.343 billion, an increase of 18.83% from the previous year[5] - The total liabilities of China Eastern Airlines as of September 30, 2019, amounted to RMB 209.626 billion, up from RMB 177.413 billion at the end of 2018, reflecting an increase of approximately 18.1%[20] - The company's total equity increased to RMB 71.717 billion as of September 30, 2019, compared to RMB 59.352 billion at the end of 2018, marking a growth of about 20.8%[21] - The total non-current liabilities as of September 30, 2019, were RMB 135.450 billion, up from RMB 104.352 billion at the end of 2018, reflecting an increase of about 29.9%[20] - The company’s total liabilities as of January 1, 2019, were RMB 236,765 million, reflecting an increase of RMB 32,110 million compared to the previous year[28] - Total liabilities increased from RMB 177,413 million to RMB 211,358 million, a rise of 19.4%[29] - Current liabilities totaled RMB 73,061 million, while non-current liabilities amounted to RMB 104,352 million, indicating a significant portion of total liabilities is non-current[29] - The company's total liabilities to equity ratio increased, indicating a higher leverage position[29] Cash Flow and Equivalents - Cash and cash equivalents increased by 134% to CNY 1,549 million, primarily due to the company's reserve for aircraft engine prepayments[12] - The cash and cash equivalents at the end of September 2019 were RMB 20.751 billion, compared to RMB 14.878 billion at the end of 2018, representing a growth of approximately 39.4%[20] - The net cash flow from operating activities for the nine months ended September 30, 2019, was RMB 20,703 million, a decrease from RMB 21,072 million in the same period of 2018, reflecting a decline of 1.75%[26] - The company reported a total cash inflow from operating activities of RMB 107,741 million, while cash outflow was RMB 87,038 million, resulting in a net cash inflow of RMB 20,703 million[26] - The net cash flow from investing activities for the nine months ended September 30, 2019, was RMB (9,486) million, compared to RMB (13,358) million in the same period of 2018, showing an improvement of 29.05%[27] - The net cash flow from financing activities for the nine months ended September 30, 2019, was RMB (10,342) million, a decrease from RMB (8,625) million in the same period of 2018, indicating a decline of 19.88%[27] Passenger and Operational Metrics - The passenger turnover for the first three quarters was 166,562.82 million passenger-kilometers, an increase of 10.43% year-on-year[11] - The number of transported passengers reached 97.92 million, marking an 8.06% increase year-on-year[11] - The company’s seat occupancy rate was 82.57%, a decrease of 0.33 percentage points compared to the previous year[11] Shareholder Information - The net profit attributable to shareholders for the first nine months of 2019 was RMB 4.781 billion, compared to RMB 4.938 billion in the same period of 2018, indicating a decrease of about 3.2%[24] - The basic and diluted earnings per share for the nine months ended September 30, 2019, were both RMB 0.15, unchanged from the same period in 2018[25] - The company’s retained earnings decreased from RMB 16,181 million to RMB 14,516 million, a drop of 10.3%[30] Financing Activities - The company successfully completed a non-public issuance of H shares, raising CNY 30 billion in corporate bonds with a coupon rate of 3.60%[14] - Short-term borrowings decreased by 73%, reflecting a shift towards short-term financing notes and corporate bond issuance[12] - Long-term borrowings fell by 52%, indicating a strategic reduction in debt financing[12] - The company reported a significant increase in lease liabilities, reflecting the adoption of new leasing standards, with non-current lease liabilities at RMB 94,333 million[29]