UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
___________________
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For the
month of October 2009
Commission
File Number: 001-14550
China
Eastern Airlines Corporation Limited
———————————————————————————————————
(Translation
of Registrant’s name into English)
2550
Hongqiao Road
Hongqiao
Airport
Shanghai,
China 200335
———————————————————————————————————
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F: x Form
20-F o Form
40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): o
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934: o Yes x No
If "Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): n/a
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
|
China Eastern Airlines
Corporation Limited
(Registrant)
|
|||||
| Date |
October
27, 2009
|
By:
|
/s/ Luo Zhuping | ||
| Name: Luo Zhuping | |||||
| Title: Company Secretary | |||||
Certain
statements contained in this announcement may be regarded as "forward-looking
statements" within the meaning of the U.S. Securities Exchange Act of 1934, as
amended. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual performance,
financial condition or results of operations of the Company to be materially
different from any future performance, financial condition or results of
operations implied by such forward-looking statements. Further
information regarding these risks, uncertainties and other factors is included
in the Company's filings with the U.S. Securities and Exchange
Commission. The forward-looking statements included in this
announcement represent the Company's views as of the date of this
announcement. While the Company anticipates that subsequent events
and developments may cause the Company's views to change, the Company
specifically disclaims any obligation to update these forward-looking
statements, unless required by applicable laws. These forward-looking
statements should not be relied upon as representing the Company's views as of
any date subsequent to the date of this announcement.
Hong
Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.
(A
joint stock limited company incorporated in the People’s Republic of China with
limited liability)
(Stock
code: 00670)
THIRD
QUARTERLY REPORT 2009
|
This
announcement is made by the Company pursuant to the disclosure requirement
under Rule 13.09(2) of the Rules Governing the Listing of Securities on
The Stock Exchange of Hong Kong Limited.
|
|
The
financial statements of the Company for the third quarter of 2009 were not
audited, and were prepared in accordance with the PRC Accounting
Regulations.
|
|
1
|
IMPORTANT
NOTICE
|
This
announcement is made by China Eastern Airlines Corporation Limited (the ‘‘Company’’) pursuant to the
disclosure requirement under Rule 13.09(2) of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited (which requires any issuer
listed on The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) whose
securities are also listed on other stock exchange(s) to simultaneously inform
the Stock Exchange of any information released to any of such other exchange(s)
and to ensure that such information is released to the market in Hong Kong at
the same time as it is released to the other market(s)). At the request of the
Shanghai Stock Exchange, a similar announcement of the even date is being made
by the Company in Shanghai pursuant to the relevant provisions of the Shanghai
listing rules and regulations.
This
quarterly report was prepared in accordance with the regulations as prescribed
by the China Securities Regulatory Commission (the ‘‘CSRC’’) in relation to
disclosure of information in quarterly reports for listed companies, and is
published simultaneously in Shanghai and Hong Kong. The financial statements of
the Company for the third quarter of 2009 were not audited, and were prepared in
accordance with the PRC Accounting Regulations.
The board
of directors (the ‘‘Board’’) and the supervisory
committee of the Company, and its directors, supervisors and senior management
hereby confirm that the information set out in this report does not contain any
false information, misleading statement or material omission, and accept joint
and several responsibility for the truthfulness, accuracy and completeness of
the contents of this report.
Wu
Baiwang, an independent non-executive director of the Company, authorized Xie
Rong, an independent non-executive director of the Company, to cast a favorable
vote on his behalf.
Mr. Liu
Shaoyong, the Chairman and the person-in-charge of the Company, Mr. Ma Xulun,
the President and the officer-in-charge of accounting of the Company, and Mr. Wu
Yongliang, the chief financial officer and the officer-in-charge of the
accounting department (accounting officer) of the Company, hereby declare that
the financial statements forming part of this quarterly report is true and
complete.
|
2
|
BASIC
PARTICULARS OF THE COMPANY
|
|
2.1
|
Main
accounting data and financial
indicators
|
Currency:
RMB
|
As
at the end
of
the reporting period
|
As
at the end
of
last year
|
Increase/decrease
as at the end of
the reporting period compared with the end
of
last year (%)
|
||||||||||
|
Total
assets (RMB’000)
|
71,188,173.00 | 73,184,006.00 | –2.73 | |||||||||
|
Owners’
equity (or shareholders’ equity)
(RMB’000)
|
–3,376,085.00 | –11,599,346.00 | 70.89 | |||||||||
|
Net
assets per share attributable to the shareholders of listed company (RMB)
|
–0.44 | –2.38 | 81.51 | |||||||||
|
From
the
beginning
of
the year
to
the end of the
reporting
period
(January–September)
|
Increase/
decrease compared with the same period last year (%)
|
|||||||
|
Net
cash flow generated from operating activities (RMB’000)
|
5,097,005.00 | 207.43 | ||||||
|
Net
cash flow generated from operating activities per share (RMB)
|
0.8648 | 153.83 | ||||||
|
Reporting
period
(July
to September)
|
From
the beginning
of
the year
to
the end of the reporting period (January
to September)
|
Increase/
decrease for the reporting period compared with the same period last year
(%)
|
||||||||||
|
Net
profit attributable to shareholders of
listed company (RMB’000)
|
23,156.00 | 1,196,663.00 | 100.99 | |||||||||
|
Basic
earnings per share (RMB)
|
0.0030 | 0.2030 | 100.63 | |||||||||
|
Basic
earnings per share after non- recurring gains and losses (RMB)
|
— | –0.5035 | — | |||||||||
|
Diluted
earnings per share (RMB)
|
0.0030 | 0.2030 | 100.63 | |||||||||
Explanation
on the calculation of the earnings per share / cash flow generated from
operating activities per share is as follows: the earnings per share, the
earnings per share after non- recurring gains and losses and cash flow generated
from operating activities per share of the Company from January to September
2009 were calculated based on the weighted average number of ordinary shares
issued and outstanding of the parent company during the period from January to
September, namely 5,893,646,000 shares, and the earnings per share from July to
September 2009 were calculated based on the number of shares of the parent
company issued and outstanding during the same period, namely 7,741,700,000, and
the per-share financial data for the same period last year was calculated based
on the then existing 4,866,950,000 shares.
Explanation
on the calculation of the net assets per share is as follows: the net assets per
share of the Company as at 30 September 2009 was calculated based on the number
of ordinary shares of the parent company issued and outstanding, namely
7,741,700,000 shares, and the per-share financial data during the same period
last year was calculated based on the then existing 4,866,950,000
shares.
After
deducting non-recurring gains and losses and relevant amounts:
|
Non-recurring
gains and losses items
|
From
the beginning of the year to the end of the reporting period
(January
to September)
(RMB’000)
|
Explanation
|
|||
|
Gains
or losses arising from the change in fair value of holding of financial
derivative assets and financial derivative liabilities and investment gain
on the disposal of financial derivative assets, financial derivative
liabilities and available-for-sale financial assets, other than the valid
hedging business relating to the normal business operations of the
Company
|
2,883,567 | ||||
|
Non-operating
incomes and expenses other than the above
|
1,313,873 |
Other
than bill settlement amount outside of the settlement
period
|
|||
|
Effect
on minority interests
|
–31,802 | ||||
|
Effect
on income tax
|
–1,476 | ||||
|
Total
|
4,164,062 | ||||
|
2.2
|
The
total number of the Company’s shareholders and the shareholdings of the 10
largest holders of circulating shares not subject to selling moratorium as
at the end of the reporting
period
|
Unit:
shares
|
Total number
of shareholders as at the end of the reporting
period
|
146,437
|
Shareholding
of the 10 largest holders of circulating shares
not
subject to selling moratorium
|
Name
of shareholders (in full)
|
Number
of circulating shares not subject to selling moratorium held at the end of
the period
|
Class
|
|||
|
HKSCC
NOMINEES LIMITED
|
2,979,164,139 |
Overseas
listed
foreign
shares
|
|||
|
中國銀行－友邦華泰積極成長
混合型證券投資基金
|
9,199,860 |
RMB
ordinary shares
|
|||
|
中國建設銀行 —
鵬華價值優勢
股票型證券投資基金
|
4,999,930 |
RMB
ordinary shares
|
|||
|
中國農業銀行 —
鵬華動力增長
混合型證券投資基金(LOF)
|
4,956,482 |
RMB
ordinary shares
|
|||
|
ZHONG
Yuan
|
3,999,978 |
RMB
ordinary shares
|
|||
|
浙江中邦實業發展有限公司
|
2,550,055 |
RMB
ordinary shares
|
|||
|
中國工商銀行股份有限公司
—
匯添富上證綜合指數證券投資基金
|
2,394,520 |
RMB
ordinary shares
|
|||
|
寧波凱建投資管理有限公司
|
2,178,315 |
RMB
ordinary shares
|
|||
|
DAI
Yunxia
|
2,000,000 |
RMB
ordinary shares
|
|||
|
PEY
LIM CHENG
|
2,000,000 |
Overseas
listed
foreign
shares
|
|||
|
WU
SHUK LING OLIVIA
|
2,000,000 |
Overseas
listed
foreign
shares
|
|||
|
3
|
IMPORTANT
MATTERS
|
|
3.1
|
The
details of and reasons for the substantial changes in main items of
financial statements and financial indicators of the
Company
|
P
Applicable □ Not applicable
|
1.
|
The
Company recorded an increase in its total profit for the period from July
to September 2009 by approximately RMB2.425 billion from the same period
last year, an increase of profit of 103%. Operating income increased by
approximately RMB596 million compared to the same period last year.
Operating cost decreased by approximately RMB1.081 billion. Finance costs
decreased by approximately RMB183 million compared to the same period last
year. Non-operating incomes increased as a result of subsidy on certain
routes. General and administrative expense decreased as efforts were taken
to strengthen control over costs. In addition, for the reporting period,
the net gain on change of fair value in respect of fuel hedging increased
by approximately RMB154 million, and the cash outflow in respect of actual
settlement was approximately RMB231
million.
|
|
2.
|
As
at 30 September 2009, the short-term borrowings of the Company decreased
by approximately RMB6.922 billion, and long-term borrowings increased by
approximately RMB4.397 billion. It was primarily attributable to the
adjustment of the structure of the long-term and shor-term liabilities of
the Company. Amount received in advance increased by approximately RMB404
million compared to the beginning of the year, which was due to the
increase in sale in advance of carriage as more people travelled by air
under the economic stimulus
policy.
|
|
3.2
|
Analysis
of the progress of other significant events and their effects and proposed
solutions
|
P
Applicable □ Not applicable
|
I.
|
The
Company proposed to issue on a non-public basis not more than
1,350,000,000 A shares of the Company to specific investors at an issue
price of not less than RMB4.75 per share (among which China Eastern Air
Holding Company (‘‘CEA
Holding’’), the controlling shareholder of the Company, intended to
subscribe for not more than 490,000,000 A shares in cash). The Company
also proposed to issue on a non-public basis not more than 490,000,000 H
shares to CES Global Holding (Hong Kong) Limited (‘‘CES Global’’), a wholly
owned subsidiary of CEA Holding, at an issue price of not less than HK$1.4
per share for cash. The resolutions in relation to the aforesaid were
approved at the shareholders’ meeting and the class meetings of the
Company on 7 September 2009. During the reporting period, the Company has
submitted to the CSRC the application materials in connection with the
issue on a non-public basis of A shares and the issue of H shares and
endeavors to obtain its approval as soon as
possible.
|
|
II.
|
The
resolution in relation to the absorption by the Company of Shanghai
Airlines Co., Ltd (‘‘Shanghai Airlines’’) by
way of exchange of shares was approved at the shareholders’ meeting and
the class meetings of the Company on 9 October 2009. During the reporting
period, the Company has submitted the application materials to the CSRC
and endeavors to obtain its approval as soon as
possible.
|
|
3.3
|
The
status of implementation of the matters undertaken by the Company,
shareholders and the ultimate
controller
|
P
Applicable □ Not applicable
|
I.
|
Undertaking
in respect of share reform
|
|
1.
|
CEA
Holding will comply with all relevant laws, rules and regulations and
observe its obligations under the law and its
undertaking.
|
|
2.
|
In
particular, CEA Holding undertook
that:
|
(1) the
original non-circulating shares of the Company held by it shall not be listed
and traded within 36 months from the day of the implementation of the share
reform plan; (2) it shall bear all the expenses in relation to the share reform
plan. CEA Holding represented that it shall perform the undertakings in good
faith and accept relevant legal responsibilities. Unless the transferee(s)
is/are willing and able to accept the responsibilities of the undertakings, CEA
Holding shall not transfer any of those shares it held.
|
|
Status
of implementation: faithfully
implemented.
|
|
II.
|
Pursuant
to the issue on a non-public basis of 1,437,375,000 A shares to CEA
Holding and the issue of 1,437,375,000 H shares to CES Global, CEA Holding
undertook that:
|
|
1.
|
Within
3 years of completion of the aforesaid non-public issue, it shall not
transfer its interests in the shares of the Company obtained pursuant to
such issue.
|
|
2.
|
Due
to historical problems, some of the land and property injected by CEA
Holding into the Company had not yet been transferred under the name of
the Company. In this regard, CEA Holding undertook that it shall, on a
best-effort basis, enable the Company to obtain the relevant land use
rights certificates and property ownership certificates in relation to its
capital contribution to the Company, and complete relevant legal
procedures in relation to the transfer of property rights; and CEA Holding
shall bear all obligations in relation to the losses caused to the Company
as a result of the failure of CEA Holding in completing the relevant
procedures for transferring the relevant property rights in a timely
manner, and shall indemnify all the losses suffered by the Company in this
regard.
|
Status of
implementation: implementation in progress.
|
3.4
|
Warning
of and reasons for any expected accumulated losses from the beginning of
the year to the end of the following reporting period or substantial
changes in profitability compared to the same period last
year
|
□
Applicable PNot
applicable
|
3.5
|
Implementation
of the cash dividend policy during the reporting
period
|
|
(1)
|
The
Company’s cash dividend policy is as follows
:
|
The
Company may distribute its dividend by way of cash or shares. Such distribution
shall emphasize the reasonable investment return to investors, and the
distribution policy shall be stable and consistent. The Company shall conduct
its cash distribution on a reasonable basis taking into account its own
operational results and financial position and in compliance with laws and
regulations as well as the requirements of securities regulatory authorities.
Where the Board does not propose any cash distribution plan, reasons shall be
stated in its regular reports.
|
(2)
|
No
cash distribution was made by the Company in 2008. As at the end of this
reporting period, the Company had a negative accumulated distributable
profit, and no cash distribution is made for this reporting
period.
|
|
By
order of the Board
China
Eastern Airlines Corporation Limited
Liu
Shaoyong
Chairman
|
As at the
date of this announcement, the directors of the Company are:
|
Liu
Shaoyong
|
(Chairman)
|
|
|
Li
Jun
|
(Vice
Chairman)
|
|
|
Ma
Xulun
|
(Director,
President)
|
|
|
Luo
Chaogeng
|
(Director)
|
|
|
Luo
Zhuping
|
(Director,
Company Secretary)
|
|
|
Hu
Honggao
|
(Independent
Non-executive Director)
|
|
|
Wu
Baiwang
|
(Independent
Non-executive Director)
|
|
|
Zhou
Ruijin
|
(Independent
Non-executive Director)
|
|
|
Xie
Rong
|
(Independent
Non-executive Director)
|
|
|
Sandy
Ke-Yaw Liu
|
(Independent
Non-executive Director)
|
Shanghai,
the People’s Republic of China
27
October 2009
|
4.
|
APPENDICES
|
|
|
4.1
|
China
Eastern Airlines Corporation Limited
Combined
and Parent Company’s Balance Sheet as at 30 September 2009
(Unless
otherwise stated, amounts expressed in RMB’000)
|
Assets
|
30
September 2009
Combined
|
31
December 2008
Combined
|
30
September 2009
Parent
company
|
31
December 2008
Parent
company
|
||||||||||||
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||||
|
Current
assets
|
||||||||||||||||
|
Monetary
capital
|
2,394,707 | 5,643,974 | 1,664,733 | 4,475,876 | ||||||||||||
|
Tradable
financial assets
|
— | 123,998 | — | 123,998 | ||||||||||||
|
Trade
receivables
|
1,486,971 | 1,165,308 | 1,769,454 | 1,534,044 | ||||||||||||
|
Prepayments
|
368,278 | 461,614 | 335,311 | 412,360 | ||||||||||||
|
Dividends
receivable
|
40,746 | 27,229 | 40,746 | 27,229 | ||||||||||||
|
Other
receivables
|
1,769,839 | 1,633,915 | 2,492,209 | 1,965,615 | ||||||||||||
|
Inventory
|
958,325 | 871,364 | 766,046 | 707,587 | ||||||||||||
|
Other
current assets
|
462,700 | 473,667 | 462,700 | 473,667 | ||||||||||||
|
Total
current assets
|
7,481,566 | 10,401,069 | 7,531,199 | 9,720,376 | ||||||||||||
|
Non-current
assets
|
||||||||||||||||
|
Financial
assets available for sale
|
563 | 563 | 203 | 203 | ||||||||||||
|
Held-to-maturity
investment
|
257,453 | — | 257,453 | — | ||||||||||||
|
Long-term
equity investment
|
1,137,738 | 1,373,356 | 3,527,595 | 3,858,454 | ||||||||||||
|
Fixed
assets
|
54,080,291 | 51,826,677 | 45,616,826 | 43,826,036 | ||||||||||||
|
Construction
in progress
|
5,834,947 | 6,980,393 | 5,721,684 | 6,823,556 | ||||||||||||
|
Intangible
assets
|
1,431,615 | 1,530,418 | 810,087 | 900,600 | ||||||||||||
|
Long-term
deferred expenses
|
454,651 | 483,726 | 403,342 | 453,128 | ||||||||||||
|
Deferred
income tax assets
|
79,133 | 77,917 | — | — | ||||||||||||
|
Other
non-current assets
|
430,216 | 509,887 | 288,799 | 360,061 | ||||||||||||
|
Total
non-current assets
|
63,706,607 | 62,782,937 | 56,625,989 | 56,222,038 | ||||||||||||
|
Total
assets
|
71,188,173 | 73,184,006 | 64,157,188 | 65,942,414 | ||||||||||||
Person-in-charge
of the Company: Liu Shaoyong Officer-in-charge of accounting: Ma
Xulun
Officer-in-charge
of the accounting department: Wu Yongliang
China
Eastern Airlines Corporation Limited
Combined
and Parent Company’s Balance Sheet as at 30 September 2009 (Cont’d)
(Unless
otherwise stated, amounts expressed in RMB’000)
|
Liabilities
and shareholder’s
equity
|
30
September 2009
Combined
(Unaudited)
|
31
December 2008
Combined
|
30
September 2009
Parent
company
(Unaudited)
|
31
December 2008
Parent
company
|
||||||||||||
|
Current
liabilities
|
||||||||||||||||
|
Short-term
borrowings
|
12,551,544 | 19,473,829 | 10,888,888 | 17,548,288 | ||||||||||||
|
Tradable
financial liabilities
|
2,046,252 | 6,641,599 | 2,046,252 | 6,641,599 | ||||||||||||
|
Notes
payable
|
3,079,213 | 3,927,851 | 2,972,782 | 3,840,087 | ||||||||||||
|
Trade
payables
|
11,857,013 | 9,605,345 | 9,888,070 | 8,419,161 | ||||||||||||
|
Amounts
received in advance
|
1,483,768 | 1,080,076 | 1,477,117 | 1,075,515 | ||||||||||||
|
Staff
remuneration payable
|
1,242,512 | 1,362,616 | 1,050,283 | 1,104,882 | ||||||||||||
|
Tax
payable
|
901,034 | 663,876 | 739,499 | 502,920 | ||||||||||||
|
Interests
payable
|
154,019 | 321,412 | 128,348 | 295,654 | ||||||||||||
|
Other
payables
|
1,617,580 | 1,699,335 | 1,517,925 | 1,657,594 | ||||||||||||
|
Non-current
liabilities due
within
1 year
|
5,778,855 | 9,300,770 | 5,668,283 | 8,491,095 | ||||||||||||
|
Other
current liabilities
|
— | — | — | — | ||||||||||||
|
Total
current liabilities
|
40,711,790 | 54,076,709 | 36,377,447 | 49,576,795 | ||||||||||||
|
Non-current
liabilities
|
||||||||||||||||
|
Long-term
borrowings
|
12,984,778 | 8,588,052 | 10,646,298 | 7,045,080 | ||||||||||||
|
Long-term
amount payable
|
19,821,705 | 21,095,315 | 17,714,133 | 18,643,316 | ||||||||||||
|
Project
amount payable
|
89,340 | 58,135 | 87,524 | 56,319 | ||||||||||||
|
Deferred
income tax liabilities
|
36,654 | 51,539 | — | — | ||||||||||||
|
Other
non-current liabilities
|
360,828 | 379,407 | 360,828 | 379,407 | ||||||||||||
|
Total
non-current liabilities
|
33,293,305 | 30,172,448 | 28,808,783 | 26,124,122 | ||||||||||||
|
Total
liabilities
|
74,005,095 | 84,249,157 | 65,186,230 | 75,700,917 | ||||||||||||
|
Shareholder’s
equity
|
||||||||||||||||
|
Share
capital
|
7,741,700 | 4,866,950 | 7,741,700 | 4,866,950 | ||||||||||||
|
Capital
reserve
|
5,220,127 | 1,068,279 | 5,151,444 | 999,596 | ||||||||||||
|
Surplus
reserve
|
— | — | — | — | ||||||||||||
|
Profits
not distributed
|
(16,337,912 | ) | (17,534,575 | ) | (13,922,186 | ) | (15,625,049 | ) | ||||||||
|
Total
parent company shareholder’s equity
|
(3,376,085 | ) | (11,599,346 | ) | (1,029,042 | ) | (9,758,503 | ) | ||||||||
|
Minority
interests
|
559,163 | 534,195 | — | — | ||||||||||||
|
Total
shareholder’s equity
|
(2,816,922 | ) | (11,065,151 | ) | (1,029,042 | ) | (9,758,503 | ) | ||||||||
|
Total
liabilities and shareholder’s equity
|
71,188,173 | 73,184,006 | 64,157,188 | 65,942,414 | ||||||||||||
Person-in-charge
of the Company: Liu Shaoyong Officer-in-charge of accounting: Ma
Xulun
Officer-in-charge
of the accounting department: Wu Yongliang
4.2
China
Eastern Airlines Corporation Limited
Combined
and Parent Company’s Income Statement for the nine months ended 30 September
2009
(Unless
otherwise stated, amounts expressed in RMB’000)
|
Jul
to Sep 2009
|
Jul
to Sep 2008
|
Jan
to Sep 2009
|
Jan
to Sep 2008
|
Jul
to Sep
2009
|
Jul
to Sep
2008
|
Jan
to Sep 2009
|
Jan
to Sep 2008
|
|||||||||||||||||||||||||
|
Items
|
Combined
|
Combined
|
Combined
|
Combined
|
Parent
company
|
Parent
company
|
Parent
company
|
Parent
company
|
||||||||||||||||||||||||
|
1.
Revenue
|
11,402,467 | 10,806,838 | 28,900,251 | 31,638,007 | 9,376,430 | 8,259,857 | 23,775,232 | 24,792,595 | ||||||||||||||||||||||||
|
Less:
Operating cost
|
(9,999,341 | ) | (11,080,699 | ) | (26,858,576 | ) | (30,810,399 | ) | (8,177,348 | ) | (8,629,999 | ) | (21,963,990 | ) | (24,339,019 | ) | ||||||||||||||||
|
Taxes
and levies
|
(297,604 | ) | (280,100 | ) | (736,648 | ) | (800,527 | ) | (237,392 | ) | (202,647 | ) | (580,099 | ) | (585,772 | ) | ||||||||||||||||
|
Marketing
expenses
|
(713,386 | ) | (584,810 | ) | (1,986,877 | ) | (1,769,792 | ) | (614,034 | ) | (486,853 | ) | (1,710,007 | ) | (1,506,035 | ) | ||||||||||||||||
|
General
and administrative expenses
|
(356,547 | ) | (544,233 | ) | (990,519 | ) | (1,526,035 | ) | (279,456 | ) | (440,715 | ) | (779,388 | ) | (1,210,620 | ) | ||||||||||||||||
|
Finance
expenses, net
|
(259,654 | ) | (442,632 | ) | (1,311,801 | ) | 410,771 | (206,470 | ) | (349,106 | ) | (1,125,236 | ) | 553,390 | ||||||||||||||||||
|
Impairment
loss
|
1,037 | 3,658 | (44,678 | ) | (28,781 | ) | 819 | 3,896 | (44,896 | ) | (28,634 | ) | ||||||||||||||||||||
|
Add:
Gain arising from change in fair value
|
144,866 | (270,806 | ) | 2,958,937 | 18,413 | 144,866 | (270,806 | ) | 2,958,937 | 18,413 | ||||||||||||||||||||||
|
Investment
gain/(loss)
|
4,857 | 11,397 | (24,370 | ) | 76,086 | 3,565 | 13,970 | (23,768 | ) | 198,867 | ||||||||||||||||||||||
|
2.
Operating profit/(loss)
|
(73,305 | ) | (2,381,387 | ) | (94,281 | ) | (2,792,257 | ) | 10,980 | (2,102,403 | ) | 506,785 | (2,106,815 | ) | ||||||||||||||||||
|
Add:
Non-operating income
|
154,408 | 32,882 | 1,402,261 | 567,829 | 143,048 | 25,224 | 1,212,474 | 285,853 | ||||||||||||||||||||||||
|
Less:
Non-operating expenses
|
(8,979 | ) | (4,598 | ) | (16,677 | ) | (38,760 | ) | (9,010 | ) | (3,908 | ) | (16,396 | ) | (36,754 | ) | ||||||||||||||||
|
3.
Total profit/(loss)
|
72,124 | (2,353,103 | ) | 1,291,303 | (2,263,188 | ) | 145,018 | (2,081,087 | ) | 1,702,863 | (1,857,716 | ) | ||||||||||||||||||||
|
Less:
Income tax
|
(15,180 | ) | (24,591 | ) | (28,611 | ) | (71,905 | ) | ||||||||||||||||||||||||
|
4.
Net profit/(loss)
|
56,944 | (2,377,694 | ) | 1,262,692 | (2,335,093 | ) | 145,018 | (2,081,087 | ) | 1,702,863 | (1,857,716 | ) | ||||||||||||||||||||
|
Attributable
to equity holders of the parent company
|
23,156 | (2,333,847 | ) | 1,196,663 | (2,292,226 | ) | ||||||||||||||||||||||||||
|
Minority
interests
|
33,788 | (43,847 | ) | 66,029 | (42,867 | ) | ||||||||||||||||||||||||||
|
5.
Earnings per share
|
||||||||||||||||||||||||||||||||
|
Basic
earnings/(loss) per share
|
0.0030 | (0.4795 | ) | 0.2030 | (0.4710 | ) | ||||||||||||||||||||||||||
|
Diluted
earnings/(loss) per share
|
0.0030 | (0.4795 | ) | 0.2030 | (0.4710 | ) | ||||||||||||||||||||||||||
Person-in-charge
of the Company: Liu Shaoyong Officer-in-charge of accounting: Ma
Xulun
Officer-in-charge
of the accounting department: Wu Yongliang
4.3
China
Eastern Airlines Corporation Limited
Combined
and Parent Company’s Cash Flow Statement for the nine months ended 30 September
2009
(Unless
otherwise stated, amounts expressed in RMB’000)
|
Nine
months ended 30 Sep 2009
|
Nine
months ended 30 Sep 2008
|
Nine
months ended 30 Sep
2009
|
Nine
months ended 30 Sep
2008
|
|||||||||||||
|
Items
|
Combined
|
Combined
|
Parent
company
|
Parent
company
|
||||||||||||
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||
|
1.
Cash flow generated from
operating activities
|
||||||||||||||||
|
Cash
received from sales of goods and provision of labour
services
|
28,904,528 | 31,510,060 | 23,733,504 | 25,382,436 | ||||||||||||
|
Other
cash received related to operating activities
|
1,504,949 | 471,691 | 1,279,406 | 378,511 | ||||||||||||
|
Subtotal:
Cash inflow from operating activities
|
30,409,477 | 31,981,751 | 25,012,910 | 25,760,947 | ||||||||||||
|
Cash
paid for purchases of goods and provision of labour
services
|
(19,097,616 | ) | (23,348,359 | ) | (15,909,066 | ) | (18,297,250 | ) | ||||||||
|
Cash
paid to and for staff
|
(3,813,150 | ) | (4,337,868 | ) | (3,116,362 | ) | (3,483,618 | ) | ||||||||
|
Taxes
paid
|
(1,544,542 | ) | (1,632,513 | ) | (1,133,324 | ) | (1,247,603 | ) | ||||||||
|
Other
cash paid related to operating activities
|
(857,164 | ) | (1,005,062 | ) | (486,665 | ) | (750,878 | ) | ||||||||
|
Subtotal:
Cash outflow from operating activities
|
(25,312,472 | ) | (30,323,802 | ) | (20,645,417 | ) | (23,779,349 | ) | ||||||||
|
Net
cash flow generated from operating activities
|
5,097,005 | 1,657,949 | 4,367,493 | 1,981,598 | ||||||||||||
China
Eastern Airlines Corporation Limited
Combined
and Parent Company’s Cash Flow Statement for the nine months ended 30 September
2009 (Cont’d)
(Unless
otherwise stated, amounts expressed in RMB’000)
|
Nine
months ended 30 Sep 2009
|
Nine
months ended 30 Sep 2008
|
Nine
months ended 30 Sep
2009
|
Nine
months ended 30 Sep
2008
|
|||||||||||||
|
Items
|
Combined
|
Combined
|
Parent
company
|
Parent
company
|
||||||||||||
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||
|
2.
Cash flow generated from investing activities
|
||||||||||||||||
|
Refund
of cash from investments
|
38,972 | 38,972 | ||||||||||||||
|
Cash
received from investment gains
|
4,116 | 124,324 | ||||||||||||||
|
Cash
recovered from disposal of fixed assets, intangible assets and other
long-term assets, net
|
837,158 | 1,797,704 | 803,751 | 46,735 | ||||||||||||
|
Other
cash received related to investing activities
|
100,600 | 92,179 | ||||||||||||||
|
Subtotal:
Cash inflow from investing activities
|
937,758 | 1,840,792 | 895,930 | 210,031 | ||||||||||||
|
Cash
paid for acquisition of fixed assets, intangible assets and other
long-term assets
|
(4,812,240 | ) | (6,422,700 | ) | (4,097,837 | ) | (6,404,118 | ) | ||||||||
|
Cash
paid for investments
|
(384,186 | ) | (384,186 | ) | ||||||||||||
|
Other
cash paid related to investing activities
|
(1,535,266 | ) | (30,000 | ) | (1,535,266 | ) | (30,000 | ) | ||||||||
|
Subtotal:
Cash outflow from investing activities
|
(6,347,506 | ) | (6,836,886 | ) | (5,633,103 | ) | (6,818,304 | ) | ||||||||
|
Net
cash flow generated from investing activities
|
(5,409,748 | ) | (4,996,094 | ) | (4,737,173 | ) | (6,608,273 | ) | ||||||||
China
Eastern Airlines Corporation Limited
Combined
and Parent Company’s Cash Flow Statement for the nine months ended 30 September
2009 (Cont’d)
(Unless
otherwise stated, amounts expressed in RMB’000)
|
Nine
months ended 30 Sep 2009
|
Nine
months ended 30 Sep 2008
|
Nine
months ended 30 Sep
2009
|
Nine
months ended 30 Sep
2008
|
|||||||||||||
|
Items
|
Combined
|
Combined
|
Parent
company
|
Parent
company
|
||||||||||||
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||
|
3.
Cash flow generated from fund raising activities
|
||||||||||||||||
|
Cash
received from investment
|
6,985,138 | 6,985,138 | ||||||||||||||
|
Cash
received from borrowings
|
29,296,136 | 21,164,117 | 26,946,936 | 19,296,010 | ||||||||||||
|
Other
cash received related to fund raising activities
|
6,042,943 | 4,400,265 | 4,595,721 | 4,400,265 | ||||||||||||
|
Subtotal:
Cash inflow from fund raising activities
|
42,324,217 | 25,564,382 | 38,527,795 | 23,696,275 | ||||||||||||
|
Cash
paid for debt repayment
|
(35,127,112 | ) | (12,786,317 | ) | (32,790,760 | ) | (11,372,788 | ) | ||||||||
|
Cash
paid for distribution of dividends and profits or interest
payment
|
(1,784,846 | ) | (2,028,546 | ) | (1,546,431 | ) | (1,690,835 | ) | ||||||||
|
Other
cash paid related to fund raising activities
|
(7,048,922 | ) | (5,695,360 | ) | (5,351,586 | ) | (4,884,544 | ) | ||||||||
|
Subtotal:
Cash outflow from fund raising activities
|
(43,960,880 | ) | (20,510,223 | ) | (39,688,777 | ) | (17,948,167 | ) | ||||||||
|
Net
cash flow generated from fund raising activities
|
(1,636,663 | ) | 5,054,159 | (1,160,982 | ) | 5,748,108 | ||||||||||
|
4.
Effects of exchange rate changes on cash and cash
equivalents
|
3,576 | (54,791 | ) | 4,524 | (50,069 | ) | ||||||||||
|
5.
Net (decrease)/increase in cash and cash equivalents
|
(1,945,830 | ) | 1,661,223 | (1,526,138 | ) | 1,071,364 | ||||||||||
|
Add:
Balance of cash and cash equivalents at the beginning of the
period
|
3,451,010 | 1,655,244 | 2,361,940 | 1,040,897 | ||||||||||||
|
6.
Balance of cash and cash equivalents at the end of the
period
|
1,505,180 | 3,316,467 | 835,802 | 2,112,261 | ||||||||||||
Person-in-charge
of the Company: Liu Shaoyong Officer-in-charge of accounting: Ma
Xulun
Officer-in-charge
of the accounting department: Wu Yongliang