China-Singapore Jingwei, March 31 (Xiong Jiali) On the evening of March 30, five airlines including Air China, China Eastern Airlines, China Southern Airlines, China Airlines, and Shandong Airlines (Shandong Airlines B) announced their 2021 annual reports, with net profits of all negative number.

　　Among them, Air China, China Eastern Airlines, and China Southern Airlines all lost more than 10 billion yuan.

In addition, China Airlines' revenue was 3.967 billion yuan, a year-on-year decrease of 16.08%, and its net profit loss was 98.7096 million yuan; Shandong Airlines' revenue was 12.515 billion yuan, an increase of 18.80% year-on-year, and its net profit loss was 1.814 billion yuan.

Air China lost 16.642 billion

　　In 2021, Air China will achieve an operating income of 74.532 billion yuan, a year-on-year increase of 7.23%.

Among them, the main business income was 72.482 billion yuan, a year-on-year increase of 7.69%, and the other business income was 2.050 billion yuan, a year-on-year decrease of 6.86%.

The net profit loss attributable to shareholders of listed companies was 16.642 billion yuan.

　　Specifically, in 2021, Air China will achieve a passenger revenue of 58.317 billion yuan, a year-on-year increase of 2.590 billion yuan.

Among them, revenue decreased by RMB 1.291 billion due to the decrease in transport capacity input, decreased revenue by RMB 1.352 billion due to the decrease in passenger load factor, and increased revenue by RMB 5.233 billion due to the increase in income level.

In 2021, the revenue of cargo and mail transportation will be 11.113 billion yuan, a year-on-year increase of 2.560 billion yuan.

Among them, revenue increased by RMB 1 billion due to increased investment in transport capacity, increased revenue of RMB 791 million due to increased load factor, and increased revenue of RMB 769 million due to increased income levels.

　　As of the end of the reporting period, PhoenixMiles had more than 72,065,600 members. In order to stabilize the high-end member team under the normalization of the epidemic, a phased adaptive relegation plan was launched in a timely manner.

The revenue contributed by frequent passengers accounted for 56.8% of the company's passenger revenue, and the proportion of revenue contributed increased by 4.5 percentage points year-on-year.

The number of registered users of the Air China APP exceeded 14.2 million, with steady and rapid growth.

In 2021, 407 new key customers will be developed, and the number of effective key customers will reach 3,861.

　　In 2021, Air China's sales expenses were 4.452 billion yuan, an increase of 86 million yuan year-on-year, mainly due to the increase in agency business fees caused by the increase in sales volume and the number of passengers.

Administrative expenses were 4.499 billion yuan, a year-on-year increase of 376 million yuan, mainly due to the adjustment of the social security halving policy adjustment in the previous year.

Financial expenses were 4.127 billion yuan, an increase of 2.818 billion yuan year-on-year, of which interest expenses (excluding capitalized parts) were 5.495 billion yuan, an increase of 395 million yuan year-on-year; net foreign exchange gains were 1.235 billion yuan, a year-on-year decrease of 2.368 billion yuan.

China Southern Airlines lost 12.103 billion yuan

　　In 2021, China Southern Airlines will achieve an operating income of 101.644 billion yuan, a year-on-year increase of 9.81%; the net profit attributable to shareholders of the listed company is a loss of 12.103 billion yuan, and a loss of 10.842 billion yuan in the same period in 2020.

　　Specifically, the total operating revenue of China Southern Airlines in 2021 will be RMB 101,644 million, an increase of RMB 9,083 million or 9.81% over the same period of the previous year; the total transportation turnover will be 21,208.71 million ton-kilometers, an increase of 1.94 over the same period of the previous year. %; the passenger traffic volume was 98.50 million, an increase of 1.70% over the same period of the previous year; the passenger load factor was 71.25%, a decrease of 0.21 percentage points over the same period of the previous year; the aircraft utilization rate was 6.96 hours per day, a decrease of 0.06 hours over the same period of the previous year.

　　Total operating costs were RMB 1,042.29 million, an increase of RMB 9,326 million or 9.83% over the same period of the previous year.

The main business cost was RMB 101,963 million, an increase of RMB 8,848 million or 9.50% over the same period of the previous year.

The cost of jet fuel was RMB 25,505 million, an increase of 35.69% over the same period of the previous year.

　　Selling expenses were RMB 4,993 million, a decrease of 4.86% over the same period of the previous year; administrative expenses were RMB 3,678 million, a decrease of 7.80% over the same period of the previous year; financial expenses were RMB 4,025 million, an increase of 34.48% over the same period of the previous year , excluding capitalized interest expenses of RMB6,202 million, a decrease of 7.65%, mainly due to a 13.75% decrease in interest expenses on lease liabilities; foreign exchange gains were RMB1,575 million, a decrease of RMB1,910 million over the same period last year.

　　In 2021, China Southern's net loss attributable to shareholders of the listed company was RMB 12,103 million, compared with a net loss attributable to shareholders of the listed company of RMB 10,842 million in the same period last year.

　　During the reporting period, the net cash flow from operating activities realized by China Southern Airlines was RMB 13,371 million, an increase of 47.76% over the same period of the previous year, mainly due to the improvement in the company’s operating conditions during the reporting period; the net cash flow used in investment activities It was RMB 15,149 million, an increase of 95.37% over the same period last year, mainly due to the increase in the introduction of self-owned aircraft this year; the net cash flow from financing activities was RMB 2,168 million, while the cash flow from financing activities in the same period last year Net inflow was RMB 22,299 million.

Mainly due to the non-public issuance of A+H shares and the public issuance of convertible corporate bonds in 2020, there are no related matters in this period.

China Eastern Airlines lost 12.214 billion yuan in profit

　　In 2021, China Eastern's operating income will be 67.127 billion yuan, a year-on-year increase of 14.48%; the net profit attributable to shareholders of listed companies will be 12.214 billion yuan.

　　China Eastern Airlines said that in 2021, the aviation industry will be severely impacted by the epidemic, and the company's operating performance will be seriously affected.

The company's net profit loss attributable to shareholders of listed companies in 2021 is 12.214 billion yuan, and the parent company's cumulative distributable profits are negative.

According to the relevant provisions of the "Company Law" and the "Articles of Association", the company does not have the prerequisites for cash dividends.

Taking into account the long-term development of the company and the interests of all shareholders, the board of directors of the company agrees that the company will not distribute cash dividends in 2021, and will not implement the transfer of common reserve funds to share capital.

This plan still needs to be submitted to the company's 2021 annual general meeting for consideration.

　　According to the annual report, in 2021, China Eastern Airlines will complete a total transportation turnover of 13.05 billion ton-kilometers, 79.099 million passengers, and an operating income of 67.13 billion yuan, an increase of 11.5%, 6.0%, and 14.5% respectively over 2020; Affected by other factors, operating costs increased by RMB 9.24 billion compared with 2020; the company's net profit loss attributable to shareholders of listed companies in 2021 was 12.21 billion, an increase of RMB 380 million compared with 2020.

　　Regarding the profit loss of tens of billions, China Eastern explained that in 2021, the global economy is still in the process of recovery. Affected by the spread of mutant viruses such as Delta and Omicron, the recovery momentum will weaken.

Due to differences in vaccination, the development of specific drugs, and the effectiveness of policy support, the economic recovery of various countries has been divided.

The overall epidemic situation in my country has remained relatively stable, but it still shows a trend of local gathering and multi-point distribution.

my country's economic development and epidemic prevention and control have maintained a leading position in the world. The long-term positive fundamentals of economic development have not changed, but they are facing the triple pressure of demand contraction, supply shock, and weakening expectations.

　　In addition, regarding the Boeing 737 crash, China Eastern Airlines stated that the cause of the accident is still under investigation.

The Company will closely follow up the follow-up progress of the investigation and assess its impact on the Group's financial position and operating results.

(Sino-Singapore Jingwei APP)

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