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China Eastern Airlines Corp. Ltd.

  • 4.78 HKD
  • +0.14
  • +3.02%
  • China
    Jun 24, 2019
  • Ticker
    HKG(670)
  • Prev. close
    4.64
  • Market cap (HKD)
    91,011.60M
  • Market cap (USD)
    11,650.63M
  • 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. 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 comprises tour operations, air catering, and other miscellaneous services. The company was founded in June 1988 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2018 HKDUSD
Revenue135,718.27M17,316.42M
Gross Profit13,803.62M1,761.21M
Operating income3,296.33M420.58M
Income before tax4,338.65M553.57M
Net income3,208.68M409.39M
EBITDA21,390.05M2,729.17M
Diluted EPS0.220.02
Dividends Per Share----
Total Assets269,996.65M34,485.19M
Total liabilities202,015.40M25,802.32M
Total equity63,592.01M8,122.26M
Operating cash flow26,756.81M3,413.92M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 112,813.32M 115,535.20M 114,882.41M 116,989.89M 135,718.27M
Gross Profit 12,105.79M 19,889.87M 17,862.78M 12,355.32M 13,803.62M
Operating income 2,184.80M 14,251.63M 8,206.97M 2,499.89M 3,296.33M
Income before tax 5,025.30M 6,807.57M 7,384.40M 9,650.18M 4,338.65M
Net income 4,300.39M 5,601.23M 5,267.23M 7,324.40M 3,208.68M
EBITDA 14,436.59M 27,611.46M 23,908.17M 18,579.68M 21,390.05M
Diluted EPS 0.33 0.44 0.38 0.50 0.22
Dividends Per Share 0 0 0.11 0.06 --
Total Assets 204,423.54M 233,579.84M 234,341.59M 273,058.09M 269,996.65M
Total liabilities 167,401.76M 188,465.32M 178,291.76M 204,956.83M 202,015.40M
Total equity 34,619.33M 41,936.21M 52,642.65M 63,750.84M 63,592.01M
Operating cash flow 15,649.81M 30,199.30M 29,389.23M 22,811.51M 26,756.81M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 14,547.76M 14,902.81M 14,799.74M 15,012.52M 17,316.42M
Gross Profit 1,561.09M 2,565.58M 2,301.17M 1,585.47M 1,761.21M
Operating income 281.74M 1,838.31M 1,057.26M 320.79M 420.58M
Income before tax 648.03M 878.10M 951.29M 1,238.34M 553.57M
Net income 554.55M 722.50M 678.55M 939.89M 409.39M
EBITDA 1,861.66M 3,561.58M 3,079.97M 2,384.20M 2,729.17M
Diluted EPS 0.04 0.05 0.04 0.06 0.02
Dividends Per Share 0 0 0.01 0.00 --
Total Assets 26,360.73M 30,138.74M 30,225.33M 34,929.97M 34,485.19M
Total liabilities 21,586.71M 24,317.63M 22,996.04M 26,218.36M 25,802.32M
Total equity 4,464.21M 5,411.01M 6,789.84M 8,155.09M 8,122.26M
Operating cash flow 2,018.11M 3,895.39M 3,786.07M 2,927.24M 3,413.92M

Valuation Measures

Dec 2018
PER19.65
ROA1.18%
ROE5.03%
Operating margin2.42%
Profit margin2.36%

Key executives

  • Vice Chairman & President: Yang Min Li
  • Chief Financial Officer & Vice President: Yong Liang Wu
  • Director & Vice President: Liu Wen Tian
  • Vice President & Chief Engineer: Liang Feng
  • Deputy General Manager: You Wen Sun

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (56.3%)
  • Delta Air Lines, Inc. (10%)
  • LUO YI FAMILY (3.6%)
  • The Vanguard Group, Inc. (1.2%)
  • Shanghai Chongyang Investment Management Co., Ltd. (1.2%)
  • Invesco Great Wall Fund Management Co. Ltd. (Invt Mgmt) (0.7%)
  • BlackRock Fund Advisors (0.5%)
  • Dimensional Fund Advisors LP (0.4%)
  • Yinhua Fund Management Co., Ltd. (0.3%)
  • Norges Bank Investment Management (0.1%)

Contact Details

  • Website:http://www.ceair.com
  • Address: 5/F, Block A2, Northern CEA Building, 36 Hongxiang 3rd Road, Shanghai, 201100, China
  • Phone: +86.21.2233.0929

Related Companies

  • China Eastern Business Jet Co., Ltd.
  • China Eastern Airlines Technology Co., Ltd.
  • China Eastern Airlines E-Commerce Co., Ltd.
  • China Eastern Airlines Application Development Center Co.
  • 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.
  • China Eastern Airlines Yunnan Co., Ltd.
  • Eastern Air Overseas (Hong Kong) Corp. 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 Co., 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
  • China Airlines Ltd.
  • Spring Airlines Co., Ltd. Class A
  • Cathay Pacific Airways Limited
  • Air China Limited Class H
  • Air Canada
  • Shandong Airlines Co., Ltd. Class B
  • AirAsia Group Bhd.
Last Updated on 24 Jun, 2019

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