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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Hong Kong Exchanges and Clearing Limited    0388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

(0388)
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Hong Kong Exchanges and Clearing : Inside Information Overseas Regulatory Announcement Announcement on Operating Data for July 2019

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08/16/2019 | 07:57am EDT

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)

INSIDE INFORMATION

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT ON OPERATING DATA FOR JULY 2019

This overseas regulatory announcement is made pursuant to Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

China Eastern Airlines Corporation Limited (the "Company") and all members of the board of directors confirm that the information contained in this announcement is true, accurate and complete, and no misrepresentations, misleading statements or material omissions are contained herein.

I. OPERATIONS

In July 2019, the Company's passenger transportation capacity (measured by available seat- kilometres) increased by 12.42% year-on-year, among which, the passenger transportation capacity of its domestic, international and regional routes increased by 15.13%, 7.65% and 11.69% year-on-year, respectively; passenger traffic volume (measured by revenue passenger- kilometres) increased by 10.42% year-on-year, among which, the passenger traffic volume of its domestic, international and regional routes increased by 12.16%, 7.47% and 6.28% year-on- year, respectively; and passenger load factor decreased by 1.49 percentage points year-on-year to 81.95%, among which, the passenger load factor of its domestic, international and regional routes decreased by 2.19, 0.14 and 4.12 percentage points year-on-year, respectively.

In relation to freight transportation, the freight transportation business of the Company only consists of bellyhold space freight operated through passenger aircraft, and such business is under contractual operation by a subsidiary of the controlling shareholder of the Company. Freight load volume in July 2019 increased by 10.99% year-on-year.

In July 2019, the Company launched new domestic routes such as Guilin - Zhanjiang, Handan

  • Qingdao, Zhengzhou - Yancheng, Kunming - Yuncheng, Hohhot - Yantai - Nanjing, Shanghai - Xichang and Luzhou - Xinyang - Shenyang, and new international routes such as Xi'an - Phuket.

1

II. FLEET STRUCTURE

In July 2019, the Company introduced one aircraft (one B787-9). As at the end of July 2019, the Company operated a total of 705 aircraft, including 247 self-owned aircraft, 262 aircraft under finance lease and 196 aircraft under operating lease.

As at the end of July 2019, details of the fleet structure of the Company were as follows:

(Units)

Under

Under

finance

operating

No.

Model

Self-owned

lease

lease

Sub-total

Wide-body passenger

  aircraft

33

53

5

91

1

B777 series

10

10

0

20

2

B787 series

0

9

0

9

3

A350 series

0

6

0

6

4

A330 series

23

28

5

56

Narrow-body passenger

  aircraft

214

209

191

614

5

A320 series

129

119

68

316

6

B737 series

85

90

123

298

Total

247

262

196

705

Note: The 15 business aircraft self-owned by and held under trust of the Company were not included in the fleet.

III. MAJOR OPERATING DATA

Actual

Amount

amount

Total

Total actual

completed

completed

amount

amount

in

in

Year-

completed

completed

Year-

July

July

on-year

in July

in July

on-year

2019

2018

increase

2019

2018

increase

Passenger Transportation Data

ASK (available seat-

21,295.84

12.42%

155,417.47

140,430.52

10.67%

kilometres) (millions)

23,941.01

- Domestic routes

15,282.42

13,273.54

15.13%

98,960.99

87,847.85

12.65%

- International routes

8,034.89

7,463.88

7.65%

52,420.55

48,902.19

7.19%

- Regional routes

623.70

558.41

11.69%

4,035.93

3,680.47

9.66%

RPK (revenue passenger-

19,618.77

17,767.97

10.42%

128,300.43

116,024.53

10.58%

kilometres) (millions)

- Domestic routes

12,650.24

11,278.51

12.16%

82,454.43

73,776.51

11.76%

- International routes

6,463.64

6,014.41

7.47%

42,530.96

39,212.93

8.46%

- Regional routes

504.88

475.05

6.28%

3,315.04

3,035.08

9.22%

2

Actual

Amount

amount

Total

Total actual

completed

completed

amount

amount

in

in

Year-

completed

completed

Year-

July

July

on-year

in July

in July

on-year

2019

2018

increase

2019

2018

increase

Number of passengers carried

11,526.43

10,654.44

8.18%

75,534.17

69,590.10

8.54%

(thousands)

- Domestic routes

9,649.82

8,888.00

8.57%

62,863.82

57,925.32

8.53%

- International routes

1,507.09

1,420.38

6.10%

10,232.08

9,447.23

8.31%

- Regional routes

369.53

346.06

6.78%

2,438.27

2,217.56

9.95%

Passenger load factor (%)

81.95

83.43

-1.49pts

82.55

82.62

-0.07pts

- Domestic routes

82.78

84.97

-2.19pts

83.32

83.98

-0.66pts

- International routes

80.44

80.58

-0.14pts

81.13

80.19

0.95pts

- Regional routes

80.95

85.07

-4.12pts

82.14

82.46

-0.33pts

Freight Transportation Data

AFTK (available freight tonne-

780.39

672.86

15.98%

5,229.43

4,570.62

14.41%

kilometres) (millions)

- Domestic routes

265.62

219.20

21.17%

1,855.72

1,597.60

16.16%

- International routes

493.65

436.64

13.06%

3,244.95

2,859.17

13.49%

- Regional routes

21.12

17.02

24.10%

128.77

113.85

13.10%

RFTK (revenue freight tonne-

250.35

213.92

17.03%

1,577.41

1,461.86

7.90%

kilometres) (millions)

- Domestic routes

74.11

64.08

15.65%

515.25

491.79

4.77%

- International routes

173.17

146.43

18.26%

1,044.28

949.95

9.93%

- Regional routes

3.08

3.41

-9.67%

17.89

20.12

-11.12%

Weight of freight carried

78.44

70.67

10.99%

526.45

510.52

3.12%

(million kg)

- Domestic routes

52.52

46.77

12.28%

365.03

357.89

1.99%

- International routes

23.33

20.95

11.35%

146.28

135.39

8.04%

- Regional routes

2.59

2.94

-11.95%

15.14

17.23

-12.15%

Freight load factor (%)

32.08

31.79

0.29pts

30.16

31.98

-1.82pts

- Domestic routes

27.90

29.24

-1.33pts

27.77

30.78

-3.02pts

- International routes

35.08

33.53

1.54pts

32.18

33.22

-1.04pts

- Regional routes

14.57

20.02

-5.45pts

13.89

17.67

-3.78pts

Consolidated Data

ATK (available tonne-

2,935.08

2,589.49

13.35%

19,217.00

17,209.37

11.67%

kilometres) (millions)

- Domestic routes

1,641.03

1,413.82

16.07%

10,762.21

9,503.91

13.24%

- International routes

1,216.79

1,108.39

9.78%

7,962.79

7,260.37

9.67%

- Regional routes

77.25

67.27

14.83%

492.00

445.09

10.54%

3

Actual

Amount

amount

Total

Total actual

completed

completed

amount

amount

in

in

Year-

completed

completed

Year-

July

July

on-year

in July

in July

on-year

2019

2018

increase

2019

2018

increase

RTK (revenue tonne-

1,950.66

1,753.79

11.23%

12,865.10

11,678.88

10.16%

kilometres) (millions)

- Domestic routes

1,173.06

1,044.43

12.32%

7,779.40

6,998.09

11.16%

- International routes

730.70

664.72

9.93%

4,776.53

4,393.96

8.71%

- Regional routes

46.90

44.64

5.06%

309.17

286.83

7.79%

Overall load factor (%)

66.46

67.73

-1.27pts

66.95

67.86

-0.92pts

- Domestic routes

71.48

73.87

-2.39pts

72.28

73.63

-1.35pts

- International routes

60.05

59.97

0.08pts

59.99

60.52

-0.53pts

- Regional routes

60.71

66.36

-5.65pts

62.84

64.44

-1.60pts

Note: Freight transportation data only contained data of bellyhold space in passenger aircraft. The table does not contain data of cargo services.

IV. RISK ALERT

The board of directors of the Company hereby reminds investors that the operating data set forth above was compiled in accordance with the Company's internal information which has not been audited and may be subject to adjustment. The operating data set forth above may differ from the data disclosed in any regular report for the relevant period. The Company reserves its rights to adjust the operating data based on audit findings and the actual situation. The monthly operating data disclosed by the Company only serves as preliminary and periodical data for investors' reference. Investors are hereby reminded of the investment risks which may result from inappropriate reliance upon or utilization of the information above.

The data set forth above is published on the website of the Shanghai Stock Exchange (www.sse.com.cn), the website of The Stock Exchange of Hong Kong (www.hkex.com.hk) and the column "Investor Relations" under "About China Eastern Airlines - Get to know China Eastern Airlines" on the website of the Company (www.ceair.com).

By order of the Board

CHINA EASTERN AIRLINES CORPORATION LIMITED

Wang Jian

Company Secretary

Shanghai, the People's Republic of China

16 August 2019

As at the date of this announcement, the directors of the Company include Liu Shaoyong (Chairman), Li Yangmin (Vice Chairman), Tang Bing (Director), Lin Wanli (Independent non-executive Director), Li Ruoshan (Independent non-executive Director), Ma Weihua (Independent non-executive Director), Shao Ruiqing (Independent non-executive Director), Cai Hongping (Independent non-executive Director) and Yuan Jun (Employee Representative Director).

4

Disclaimer

HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 16 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2019 11:56:04 UTC

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Financials (HKD)
Sales 2019 16 670 M
EBIT 2019 11 513 M
Net income 2019 9 824 M
Finance 2019 60 704 M
Yield 2019 2,78%
P/E ratio 2019 32,0x
P/E ratio 2020 29,2x
EV / Sales2019 15,3x
EV / Sales2020 11,9x
Capitalization 316 B
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Number of Analysts 17
Average target price 278,41  HKD
Last Close Price 251,60  HKD
Spread / Highest target 35,1%
Spread / Average Target 10,7%
Spread / Lowest Target -14,5%
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