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Transportation

China Eastern Airlines Corp. Ltd.

  • 5.68 HKD
  • +0.06
  • +1.07%
  • China
    Apr 19, 2018
  • Ticker
    HKG(670)
  • Prev. close
    5.62
  • Market cap (HKD)
    107,601.97M
  • Market cap (USD)
    13,709.95M
  • Shares
    14,467.58M

Company Background

China Eastern Airlines is a major Chinese airline based in Shanghai. It was established in 1988, following the restructuring of China's civil aviation administration, with operations originally focused on the Shanghai area. The company is listed on the New York Stock Exchange, Hong Kong Exchanges and Clearing, and the Shanghai Stock Exchange.

China Eastern Airlines is one of China's top three carriers, along with Air China and China Southern Airlines. It is a member of the SkyTeam alliance network.

The airline has about 70,000 employees, flies to about 1,000 destinations in 170 countries and serves about 80 million passengers per year. Its fleet has about 500 total aircraft from the U.S. maker Boeing and French manufacturer Airbus.

Chairman Liu Shaoyong is a former pilot in the People's Liberation Army Air Force. He became chairman of China Southern Airlines in 2004, and joined China Eastern Airlines in 2008. Liu's goal is to improve services and further globalize the airline.

Business Summary

China Eastern Airlines Corp. Ltd. is engages in the provision of passenger and cargo air transportation services. It operates through Airline Transportation Operations, and Other segments. The Airline Transportation Operations segment provides passenger, cargo, mail delivery, ground service, and cargo handling services. The Other segment is comprised of tour operations, air catering and other miscellaneous services. The company was founded in June 1988 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2017 HKDUSD
Revenue116,989.89M15,012.52M
Gross Profit12,355.32M1,585.47M
Operating income2,499.89M320.79M
Income before tax9,650.18M1,238.34M
Net income7,324.40M939.89M
EBITDA18,579.68M2,384.20M
Diluted EPS0.500.06
Dividends Per Share----
Total Assets273,058.09M34,929.97M
Total liabilities204,956.83M26,218.36M
Total equity63,750.84M8,155.09M
Operating cash flow22,811.51M2,927.24M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 110,920.16M 112,813.32M 115,535.20M 114,882.41M 116,989.89M
Gross Profit 8,982.17M 12,105.79M 19,889.87M 17,862.78M 12,355.32M
Operating income -1,799.21M 6,749.49M 14,251.63M 9,299.44M 2,499.89M
Income before tax 2,700.07M 5,025.30M 6,807.57M 7,384.40M 9,650.18M
Net income 2,975.13M 4,300.39M 5,601.23M 5,267.23M 7,324.40M
EBITDA 9,195.40M 19,001.27M 27,611.46M 23,908.17M 18,579.68M
Diluted EPS 0.25 0.33 0.44 0.38 0.50
Dividends Per Share 0 0 0 0.11 --
Total Assets 176,551.21M 204,423.54M 233,579.84M 234,341.59M 273,058.09M
Total liabilities 142,676.99M 167,401.76M 188,465.32M 178,291.76M 204,956.83M
Total equity 31,566.25M 34,619.33M 41,936.21M 52,642.65M 63,750.84M
Operating cash flow 13,910.44M 15,649.81M 30,199.30M 29,389.23M 22,811.51M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 14,300.02M 14,547.76M 14,902.81M 14,799.74M 15,012.52M
Gross Profit 1,157.99M 1,561.09M 2,565.58M 2,301.17M 1,585.47M
Operating income -231.95M 870.37M 1,838.31M 1,198.00M 320.79M
Income before tax 348.09M 648.03M 878.10M 951.29M 1,238.34M
Net income 383.55M 554.55M 722.50M 678.55M 939.89M
EBITDA 1,185.48M 2,450.29M 3,561.58M 3,079.97M 2,384.20M
Diluted EPS 0.03 0.04 0.05 0.04 0.06
Dividends Per Share 0 0 0 0.01 --
Total Assets 22,769.78M 26,360.73M 30,138.74M 30,225.33M 34,929.97M
Total liabilities 18,401.03M 21,586.71M 24,317.63M 22,996.04M 26,218.36M
Total equity 4,071.09M 4,464.21M 5,411.01M 6,789.84M 8,155.09M
Operating cash flow 1,793.35M 2,018.11M 3,895.39M 3,786.07M 2,927.24M

Valuation Measures

Dec 2017
PER11.17
ROA2.88%
ROE12.58%
Operating margin2.13%
Profit margin6.26%

Key executives

  • Vice Chairman & President: Xu Lun Ma
  • Chief Financial Officer & Vice President: Yong Liang Wu
  • Director & Vice President: Liu Wen Tian
  • Director & Vice President: Yang Min Li
  • Director & Vice President: Bing Tang

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (56.3%)
  • Delta Air Lines, Inc. (10%)
  • LUO YI FAMILY (4.4%)
  • Norges Bank Investment Management (3.1%)
  • Shanghai Chongyang Investment Management Co., Ltd. (1.6%)
  • The Vanguard Group, Inc. (1.1%)
  • Dimensional Fund Advisors LP (0.2%)
  • LUO YI /EASTERN AIRLINES/ (0.1%)
  • C. S. McKee LP (0.1%)
  • Franklin Templeton Sealand Fund Management Co., Ltd. (0.0%)

Contact Details

Related Companies

  • China Eastern Group Finance Co., Ltd.
  • China Eastern Airlines Executive Air Co., Ltd.
  • China Eastern Media Corp. Ltd.
  • CES MU2 LLC
  • Shanghai East Union Aviation Wheels Brakes Maint Svc Overhaul
  • Shanghai Eastern Logistics Co. Ltd.
  • Eastern Air Overseas (Hong Kong) Ltd.
  • Joy Air Co., Ltd.
  • Eastern Airlines Hotel Co., Ltd.
  • Shanghai Eastern Flight Training Co., Ltd.
  • Shanghai Eastern Maintenance Co. Ltd.
  • China Eastern Aviation Import & Export Corp.
  • Shanghai Airlines Tours International (Group) Co. Ltd.
  • China Southwest Airlines
  • China Eastern Airlines Wuhan Ltd.
  • China Eastern Airlines Jiangsu Co., Ltd.
  • China Cargo Airlines Co., Ltd.
  • China Yunnan Airlines
  • China Northwest Airlines
  • China United Airlines Co. Ltd.
  • Shanghai Airlines Co., Ltd.
  • Wuhan Airlines Co.

Competitors

  • China Southern Airlines Company Limited Class H
  • Spring Airlines Co., Ltd. Class A
  • Air Canada
  • Qantas Airways Limited
  • Singapore Airlines Ltd.
  • ANA Holdings Inc.
  • Cathay Pacific Airways Limited
  • Korean Air Lines Co., Ltd
  • Air China Limited Class H
  • Thai Airways International Public Co. Ltd.
  • Asiana Airlines Inc.
  • Japan Airlines Co., Ltd.
  • Malaysian Airline System Bhd.
  • Air France-KLM SA
  • Delta Air Lines, Inc.
  • Deutsche Lufthansa AG
  • AirAsia Group Bhd.
  • International Consolidated Airlines Group SA
  • American Airlines Group, Inc.
  • United Continental Holdings, Inc.
  • PT Garuda Indonesia (Persero) Tbk Class B
  • China Airlines Ltd.
  • PAL Holdings, Inc.
Last Updated on 19 Apr, 2018

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