China Eastern Airlines Corporation Limited(600115) China Eastern Airlines Co., Ltd.
Securities code: 600115 securities abbreviation: China Eastern Airlines Corporation Limited(600115) Announcement No.: pro 2022-006 China Eastern Airlines Corporation Limited(600115)
Announcement of performance loss in 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions in the announcement.
Important content tips:
The company’s net profit attributable to shareholders of Listed Companies in 2021 is about – 11 billion yuan to – 13.5 billion yuan.
After deducting non recurring gains and losses, the company’s net profit attributable to shareholders of Listed Companies in 2021 is about – 12.2 billion yuan to – 14.7 billion yuan.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) performance forecast
1. According to the preliminary calculation of the company, according to the Chinese accounting standards for business enterprises, the net profit attributable to the shareholders of Listed Companies in 2021 is expected to be – 11 billion yuan to – 13.5 billion yuan. The specific performance will be disclosed in detail in the 2021 annual report of the company.
2. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is RMB – 12.2 billion to – 14.7 billion.
3. The financial data involved in this performance forecast has not been audited by certified public accountants.
2、 Performance in the same period of last year
(I) in 2020, the company’s net profit attributable to shareholders of listed companies was RMB -11.835 billion; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was RMB -12.678 billion.
China Eastern Airlines Corporation Limited(600115) China Eastern Airlines Co., Ltd.
(II) in 2020, the basic earnings per share of the company was -0.7226 yuan.
3、 Main reasons for performance loss in advance in the current period
Covid-19 pneumonia epidemic (hereinafter referred to as “epidemic”) has brought unprecedented huge impact to the global aviation industry. According to the report released by the International Air Transport Association (IATA) in October 2021, affected by the epidemic, the global aviation industry is expected to have a net loss of US $51.8 billion in 2021. Affected by the epidemic, China’s aviation industry is facing severe challenges. Although China’s air passenger transport volume rebounded in 2021 compared with that in 2020, the demand for international air passenger transport continues to be low due to the continuous high incidence of overseas epidemic and international travel restriction policies. In addition, the continuous rise in fuel prices has increased the cost burden of airlines.
In 2021, the company comprehensively promoted epidemic prevention and control, production safety and reform and development around the performance of social responsibility, passenger service guarantee and employee care and protection. In the face of the impact of the epidemic, the company closely tracks the changes in market demand, timely adjusts the delivery of transport capacity, strengthens the linkage between passenger transport and freight transport, implements strict cost control measures, ensures the stability of operating cash flow, and strives to reduce the adverse impact of the epidemic. Although the company went all out to expand sources, increase revenue and reduce costs, the company’s operating performance in 2021 was still significantly adversely affected by the severe impact of the epidemic.
4、 Risk tips
The company has no major uncertainties affecting the accuracy of the performance forecast.
5、 Other explanatory matters
The above forecast data are only preliminary accounting data. The specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
China Eastern Airlines Corporation Limited(600115) January 28, 2022
