China Eastern Airlines ' medium-term net profit increased by 49.73% and the collective "tidings"

Oriental Airlines (600115), one of the three major domestic airlines.　　SH, hereinafter referred to as "Eastern Airlines"), the last one issued a first-half performance report, net profit is also 49.73% higher than last year. China Eastern Airlines today released a semi-annual report, according to Chinese accounting standards, the company attributed to the listed company shareholders of the net profit of 1.944 billion yuan, a year earlier growth of 49.73%.　　According to international accounting standards, the company net profit of 1.76 billion yuan in the first half, compared to last year's 985 million yuan growth of nearly 80%.　　The same period last year, China Eastern also made a profit, the first half of 2009 net profit of 1.173 billion yuan, however, the main reason for the loss of China Eastern Airlines is the company's fuel hedging and revenue growth, such as government subsidies and civil aviation infrastructure Fund return. For the first half of this year's profit, Eastern airlines internal high-level said mainly from the "real money" of the main business. China Eastern's semi-annual report also showed that, under Chinese accounting standards, the first half of this year, the airline business of Eastern Airlines revenue 30.792 billion yuan, an increase of 85.4% last year, the cost of air operations 25.58 billion yuan, compared with the same period last year 56.3%, aviation business operating profit rate of 16.93%,　　Increased by 15.47% from a year earlier, with other business receipts of 2.844 billion yuan, an increase of 29.71% per cent last year, other operating costs of 1.999 billion yuan, an increase of 305.8% per cent over the same period last year, and 29.71% per cent in the operating profit margins of other businesses, compared with 14.9% over a year earlier.　　In this respect, China Eastern said that the main business profitability (ie gross profit margin) compared to the increase in the previous year because of the company through improving production efficiency, improve the quality of income and other connotations of the development model to improve the level of unit income, the synergy effect on the east to increase the cost is lower than the income China Eastern Airlines Interior executives also told reporters that the first half of this year, the recovery of the domestic economy prompted the rapid growth of aviation demand, at the same time, China Eastern Airlines base in Shanghai to hold the World Expo, but also for the surge in passenger traffic has brought a positive effect, "the overall market shows the off-season is not light, the peak season is more prosperous, high season ahead of the trend,　　In addition, this year formally merged with the Shanghai-based airlines, two companies have a number of business-level integration Synergy has also begun to reflect. It is noteworthy that in the first half of this year, once in the fuel cover to record the loss of the Eastern Airlines now in this part of the float. China Eastern Airlines said in the Half-year, the company's first half of the fair value changes in the net income of about 225 million yuan, of which the crude oil options contract generated fair value of changes in net income of about 224 million yuan, but the year-on-year reduction of 91.97%,　　Because the number of outstanding crude option exposures at the end of June 2010 fell by 75% from the end of June 2009. As for the future market, the eastern side points out that while the overall economy and aviation demand continue to be good, the company still faces many uncertainties, such as the global economic recovery is not strong, especiallyIt is the European economic recovery is weak, to the European market, especially the freight market, the second is the crude oil price shocks, fuel cost control pressure increase; Third, the interest rate hike is expected to continue to increase the company's financial costs;　　Eastern Airlines in the semi-annual report also revealed that the second half of 2010 will introduce 20 aircraft, and 2011 will introduce 25 aircraft. In Friday, the Eastern Airlines a A-shares of 7.35 Yuan, fell 0.68%,h shares reported 3.94 Hong Kong dollar, down 4.6%. Photographer/Jin Yuming graphics/Hao Ming