2020-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was RMB -9,105 million, a decrease of 308.50% year-on-year [5]. - Operating revenue for the first three quarters was RMB 42,300 million, down 54.71% compared to the same period last year [5]. - Passenger turnover for the first three quarters was 74,562.28 million passenger-kilometers, a decline of 55.29% year-on-year [12]. - The average seat occupancy rate was 69.99%, a decrease of 12.64 percentage points compared to the previous year [12]. - Cash flow from operating activities was RMB 98 million, a significant drop of 99.53% compared to RMB 20,703 million in the same period last year [5]. - The weighted average return on equity was -14.78%, a decrease of 22.26 percentage points year-on-year [5]. - Basic earnings per share were RMB -0.5608, compared to RMB 0.2932 in the same period last year, reflecting a decline of 291.27% [6]. - In Q3 2020, China Eastern Airlines reported a total revenue of RMB 17,171 million, a decrease of 50.4% compared to RMB 34,616 million in Q3 2019 [24]. - The net profit for Q3 2020 was a loss of RMB 609 million, compared to a profit of RMB 2,647 million in Q3 2019, indicating a significant decline [24]. - The total comprehensive income attributable to shareholders of the parent company for the third quarter of 2020 was RMB (377) million, compared to RMB 2,509 million in the same quarter of 2019, reflecting a decline of approximately 115% [25]. - The company’s total comprehensive income for the first nine months of 2020 was RMB (421) million, a significant decline from RMB 2,732 million in the same period of 2019 [25]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 283,558 million, a slight increase of 0.22% compared to the end of the previous year [4]. - The total liabilities as of September 30, 2020, were RMB 223,741 million, an increase from RMB 212,539 million at the end of 2019 [22]. - The total equity attributable to shareholders decreased to RMB 56,764 million as of September 30, 2020, down from RMB 66,765 million at the end of 2019 [22]. - The company’s long-term equity investments decreased to 2.50 billion RMB from 2.60 billion RMB year-over-year [19]. - The company’s short-term borrowings increased to RMB 11,817 million as of September 30, 2020, from RMB 2,200 million at the end of 2019 [22]. - The company’s long-term borrowings increased to RMB 4,471 million as of September 30, 2020, compared to RMB 3,823 million at the end of 2019 [22]. Operational Adjustments - The company plans to reserve funds for daily operational payments in response to future business conditions and external financial market trends [13]. - The company reported a 60.64% decrease in aviation fuel consumption, reflecting a substantial drop in flight production [14]. - The company plans to optimize its airline catering costs and quality control processes through a new agreement with Eastern Airlines Food Investment Co., Ltd. [16]. - The company approved a new exclusive operating agreement for its passenger aircraft cargo business with China Cargo Airlines [16]. Cash Flow and Investments - The company generated operating cash inflows of RMB 51,491 million in the first nine months of 2020, down from RMB 107,741 million in the same period of 2019, representing a decrease of about 52% [26]. - The total cash inflow from investment activities in the first nine months of 2020 was RMB 152 million, a decrease from RMB 1,934 million in the same period of 2019 [27]. - The company incurred a net cash outflow from investment activities of RMB (5,530) million in the first nine months of 2020, compared to RMB (9,486) million in the same period of 2019 [27]. - The net cash flow from financing activities for the first nine months of 2020 was RMB 13,167 million, a recovery from a net outflow of RMB (10,342) million in the same period of 2019 [27].