2021-10-29 16:00Financial Performance - The total operating revenue for the third quarter was RMB 17,791 million, an increase of 3.61% compared to the same period last year[3]. - The net profit attributable to shareholders was RMB -2,954 million, reflecting a significant decline due to the impact of COVID-19 on passenger demand and rising fuel prices[3][6]. - The net profit attributable to shareholders for the year-to-date period was RMB -8,162 million, indicating ongoing challenges in the market[3]. - Net profit for the first three quarters of 2021 was a loss of RMB 8,580 million, an improvement from a loss of RMB 9,681 million in the same period of 2020[18]. - The basic and diluted earnings per share for the third quarter were both RMB -0.1804, worsening from RMB -0.0344 in the same period last year[3][6]. - The company reported a basic earnings per share of -0.4983 yuan, an improvement from -0.5608 yuan in the previous year[19]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was RMB 12,828 million, slightly down from RMB 12,989.80 million in the previous year[3][6]. - The company reported cash and cash equivalents of RMB 10,844 million as of September 30, 2021, an increase from RMB 7,663 million at the end of 2020[14]. - Cash flow from operating activities generated RMB 12,828 million, a significant increase compared to RMB 98 million in the first three quarters of 2020[20]. - The net cash flow from investment activities was -2,694 million, a decrease of 5,530 million compared to the previous period[21]. - The total cash inflow from financing activities was 103,157 million, an increase from 82,549 million in the prior period[21]. - The net cash flow from financing activities was -6,956 million, a decrease of 13,167 million compared to the previous period[21]. - The cash inflow from borrowing was 102,081 million, an increase from 82,539 million in the previous period[21]. - The cash outflow for debt repayment was 92,259 million, compared to 53,662 million in the prior period[21]. - The cash inflow from other financing activities was 792 million, significantly higher than 10 million in the previous period[21]. - The cash inflow from investment activities totaled 6,142 million, an increase from 152 million in the prior period[21]. - The cash flow from exchange rate changes had a minor impact of 3 million, compared to -23 million in the previous period[21]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 285,468 million, representing a 1.08% increase from the previous year[4]. - The total current assets increased to RMB 26,449 million from RMB 22,498 million year-over-year[14]. - The company reported a decrease in fixed assets to RMB 92,463 million from RMB 97,681 million year-over-year[14]. - The company’s long-term equity investments stood at RMB 2,329 million as of September 30, 2021, down from RMB 2,387 million[14]. - The company’s total non-current assets amounted to RMB 238,065 million, reflecting a decrease from the previous year[14]. - Total liabilities increased to RMB 236,376 million, up from RMB 225,496 million year-over-year[16]. - The company's equity attributable to shareholders decreased to RMB 44,891 million from RMB 54,007 million in the previous year[16]. Shareholder Information - The company reported a total of 181,305 ordinary shareholders at the end of the reporting period[7]. - The largest shareholder, China Eastern Airlines Group Co., Ltd., holds 5,072,922,927 shares, accounting for 30.97% of the total shares[8]. - As of the end of the reporting period, China Eastern Airlines International Holdings (Hong Kong) Limited has pledged a total of 145 million H shares[9]. Government Support and Investments - The company received government subsidies amounting to RMB 77 million during the quarter, contributing to its financial performance[5]. - The company plans to issue up to 249,493,087.5 A shares to its controlling shareholder, China Eastern Airlines Group, raising up to RMB 10.828 billion[11]. - The estimated upper limit for exclusive operating transactions with China Cargo Airlines for 2021 and 2022 was adjusted to RMB 9 billion and RMB 8 billion, respectively[10]. - The company signed an agreement to transfer assets worth RMB 123.412 million to Eastern Airlines Food Investment Co., Ltd.[10]. Operational Efficiency - The company’s cash flow from operating activities showed improvement, indicating a positive trend in operational efficiency[12]. - Total operating revenue for the first three quarters of 2021 reached RMB 52,501 million, a 24.0% increase from RMB 42,300 million in the same period of 2020[17]. - Total operating costs increased to RMB 67,880 million, up 14.9% from RMB 59,060 million year-over-year[17]. - Research and development expenses were RMB 192 million, slightly down from RMB 193 million in the same period of 2020[17]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[17].