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    600115   CNE000000TR0

CHINA EASTERN AIRLINES CORPORATION LIMITED

(600115)
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End-of-day quote Shanghai Stock Exchange  -  05-15
4.690 CNY   +2.18%
05/14China test flies first home-grown C919 jet to be delivered - Xinhua
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China test flies first home-grown C919 jet to be delivered - Xinhua

05/14/2022 | 01:38am EDT

SHANGHAI (Reuters) - China on Saturday completed a test flight of the country's first C919 jetliner to be delivered, the official Xinhua news agency said.

The jet, produced by state-owned manufacturer Commercial Aircraft Corp of China (COMAC) took off from Shanghai's Pudong Airport and flew for over three hours, it said.

Plane production has been dogged by certification woes as tough U.S. export rules have delayed the shipment of spare parts.

China Eastern and COMAC signed a C919 procurement contract in Shanghai on March 1, Xinhua said.

($1 = 6.4589 Chinese yuan renminbi)

(Reporting by Stella Qiu and Engen Tham in Shanghai; Editing by William Mallard)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EASTERN AIRLINES CORPORATION LIMITED 2.18% 4.69 End-of-day quote.-9.11%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.06% 6.7941 Delayed Quote.6.83%
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Financials
Sales 2022 85 219 M 12 561 M 12 561 M
Net income 2022 -16 661 M -2 456 M -2 456 M
Net Debt 2022 194 B 28 566 M 28 566 M
P/E ratio 2022 -8,46x
Yield 2022 -
Capitalization 75 830 M 11 177 M 11 177 M
EV / Sales 2022 3,16x
EV / Sales 2023 2,00x
Nbr of Employees 80 321
Free-Float 32,3%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 4,69 CNY
Average target price 4,94 CNY
Spread / Average Target 5,38%
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Managers and Directors
Yang Min Li President & Vice Chairman
Zhou Qimin Chief Financial Officer & Vice President
Shao Yong Liu Chairman
Li Jun Guo Chairman-Supervisory Board
Xue Bo Dong Independent Non-Executive Director
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