UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
___________________
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For
the
month of October 2007.
Commission
File Number: 001-14550
China
Eastern Airlines Corporation Limited
———————————————————————————————————
(Translation
of Registrant’s name into English)
2550
Hongqiao Road
Hongqiao
Airport
Shanghai,
China 200335
———————————————————————————————————
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F: x Form
20-F o Form
40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): o
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934: o Yes x No
If
"Yes" is marked, indicate below the file number assigned to the registrant
in
connection with Rule 12g3-2(b): n/a
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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China
Eastern Airlines Corporation Limited
(Registrant)
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| |
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| Date October 30, 2007 | By | /s/ Li Fenghua |
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Name:
Li Fenghua
Title:
Chairman of the Board of
Directors
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Certain
statements contained in this announcement may be regarded as "forward-looking
statements" within the meaning of the U.S. Securities Exchange Act of 1934,
as
amended. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual performance,
financial condition or results of operations of the Company to be materially
different from any future performance, financial condition or results of
operations implied by such forward-looking statements. Further information
regarding these risks, uncertainties and other factors is included in the
Company's filings with the U.S. Securities and Exchange Commission. The
forward-looking statements included in this announcement represent the Company's
views as of the date of this announcement. While the Company anticipates
that
subsequent events and developments may cause the Company's views to change,
the
Company specifically disclaims any obligation to update these forward-looking
statements, unless required by applicable laws. These forward-looking statements
should not be relied upon as representing the Company's views as of any date
subsequent to the date of this announcement.
(A
joint stock limited company incorporated in the People's Republic of China
with
limited liability)
(Stock
code: 670)
Third
Quarterly Report 2007
|
This
announcement is made by China Eastern Airlines Corporation Limited
pursuant to the disclosure requirement under Rule 13.09(2) of the
Rules
Governing the Listing of Securities on The Stock Exchange of Hong
Kong
Limited.
The
financial statements of the Company for the third quarter of 2007
were not
audited, and were prepared in accordance with the PRC Accounting
Regulations.
|
1. IMPORTANT
NOTICE
This
announcement is made by China Eastern Airlines Corporation Limited (the
"Company") pursuant to the disclosure requirement under Rule 13.09(2) of
the
Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited (which requires any issuer listed on The Stock Exchange of Hong Kong
Limited whose securities are also listed on other stock exchange(s) to
simultaneously inform The Stock Exchange of Hong Kong Limited of any information
released to any of such other exchange(s) and to ensure that such information
is
released to the market in Hong Kong at the same time as it is released to
the
other market(s)). At the request of the Shanghai Stock Exchange, a similar
announcement of the even date is being made by the Company in Shanghai pursuant
to the relevant provisions of the Shanghai listing rules and regulations.
This
quarterly report was prepared in accordance with the regulations as prescribed
by the China Securities Regulatory Commission in relation to disclosure of
information in quarterly reports for listed companies, and is published
simultaneously in Shanghai and Hong Kong. The financial statements of the
Company for the third quarter of 2007 were not audited, and were prepared
in
accordance with the PRC Accounting Regulations.
The
board
of directors (the "Board") and the supervisory committee of the Company,
and its
directors, supervisors and senior management hereby confirm that the information
set out in this report does not contain any false information, misleading
statement or material omission, and accept joint and several responsibility
for
the truthfulness, accuracy and completeness of the contents of this
report.
Mr.
Zhou
Ruijin, an independent non-executive director, did not attend the meeting
for
some reason, and authorized Mr. Wu Baiwang, an independent non-executive
director, to vote for him. Mr. Peter Lok, an independent non-executive director,
did not attend the meeting for some reason, and authorized Mr. Wu Baiwang,
an
independent non-executive director, to vote for him. Mr. Hu Honggao, an
independent non-executive director, did not attend the meeting for some reason,
and authorized Mr. Xie Rong, an independent non-executive director, to vote
for
him. Mr. Cao Jianxiong, an executive director, did not attend the meeting
for
some reason, and authorized Mr. Li Fenghua, chairman of the Board of the
Company, to vote for him.
1
Mr.
Li
Fenghua, chairman of the Board of the Company, Mr. Cao Jianxiong, president
of
the Company and officer-in-charge of accounting, Mr. Luo Weide, chief financial
officer, and Mr. Wu Longxue, general manager of the accounting department
and
officer-in-charge of the accounting department (accounting officer), hereby
declare that the financial report forming part of this quarterly report is
true
and complete.
2. BASIC
PARTICULARS OF THE COMPANY
2.1 Main
accounting data and financial indicators
Currency:
RMB
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Increase/
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||||||||||
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decrease
between
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||||||||||
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end
of reporting
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||||||||||
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End
of
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period
and
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|||||||||
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reporting
period
|
End
of last year
|
end
of last year
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||||||||
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(%)
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||||||||||
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Total
assets
(RMB 100 million)
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671.41
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602.96
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11.35
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|||||||
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Shareholder
equity
(excluding
minority interests) (RMB
100 million)
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41.42
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30.91
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34.02
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|||||||
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Net
assets per share (RMB)
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0.8511
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0.6351
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34.02
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|||||||
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Beginning
of year to
end
of reporting period
(January
- September)
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Increase/decrease
compared
with the
same
period last year
|
||||||
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(%)
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|||||||
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Net
cash flow generated from operating activities (RMB100
million)
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54.88
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-
0.6
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|||||
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Net
cash flow generated from operating activities per share (RMB)
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1.13
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-
0.6
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|||||
2
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Reporting
period
(July -
September)
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Beginning
of
year
to end of
reporting
period
(January
-
September)
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Increase/
decrease
between
this
reporting
period
and
the same
period
last year
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||||||||
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(%)
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||||||||||
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Net
profit
(RMB100 million)
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9.76
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10.35
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98.66
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Basic
earnings per share (RMB)
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0.2006
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0.2126
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98.66
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Basic
earnings per share net of non-recurring loss or gain
(RMB)
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-
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0.0911
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-
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|||||||
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Diluted
earnings per share
(RMB)
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0.2006
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0.2126
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98.66
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Yield
on net assets (%)
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23.57
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24.98
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Increased
by 7.67
percentage
points
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|||||||
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Yield
on net assets net of non-recurring loss or gain
(%)
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20.25
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10.71
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Increased
by 7.23
percentage
points
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|||||||
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|||||||||
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Amount
from
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|||
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|
beginning of year to | |||
|
|
end of reporting period | |||
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Non-recurring
loss or gain items
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(January
- September)
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|||
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(RMB'000)
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|||
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Gain
or loss on disposal of non-current assets
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14,357
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|||
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Government
subsidies included in the gain or loss of the period and closely
related
to the businesses of the Company (excluding government subsidies
which
amount or number are based on the uniform national
standards)
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422,198
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|||
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Gain
or loss on exchange of non-monetary assets
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64,530
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|||
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Other
non-recurring loss or gain items
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90,004
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|||
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Total
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591,089
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|||
3
| 2.2 |
The
total number of the Company's shareholders and the shareholdings
of the 10
largest holders of circulating shares not subject to selling moratorium
as
at the end of the reporting period
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Unit:
Shares
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| Total number of shareholders as at the end of the reporting period |
154,120
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Shareholdings
of the 10 largest holders of circulating shares
not
subject to selling moratorium
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Number
of circulating
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||||
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shares
not subject to
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||||
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selling
moratorium held
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||||
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Name
of shareholders (in full)
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at
the end of the period
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Class
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HKSCC
NOMINEES LIMITED
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1,539,975,799
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Oversea
listed foreign shares
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YUHONG
INVESTMENT FUND ( 裕隆證券投資基金 )
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13,239,404
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RMB
ordinary shares
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||
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RONGTONG
NEW BLUE CHIP SECURITIES INVESTMENT FUND
( 融通新藍籌證券投資基金 )
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12,000,000
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RMB
ordinary shares
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||
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TEMASEK
FULLERTON ALPHA PTE LTD
( 國際金融－滙豐 )
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9,999,969
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RMB
ordinary shares
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BOSHI
SELECTION STOCK FUND
( 中國工商銀行－博時精選股票證券投資基金)
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6,676,415
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RMB
ordinary shares
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||
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CCB
OPTIMIZING ALLOCATION MIXED FUND
( 中國工商銀行－建信優化配置混合型證券投資基金 )
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6,593,400
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RMB
ordinary shares
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||
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FORTIS
HAITONG INCOME GROWTH FUND
( 中國銀行－海富通收益增長證券投資基金 )
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4,999,902
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RMB
ordinary shares
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||
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HARVEST
STRATEGY GROWTH MIXED FUND
( 中國工商銀行－嘉實策略增長混合型證券投資基金 )
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4,678,971
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RMB
ordinary shares
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||
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UBS
AG
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3,600,000
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RMB
ordinary shares
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||
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DESHENG
SMALL-CAP SELECTED FUND
( 中國工商銀行－國聯安德盛小盤精選證券投資基金 )
|
2,990,520
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RMB
ordinary shares
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3. IMPORTANT
MATTERS
| 3.1 |
The
details of and reasons for the substantial changes in main items
of
financial statements and financial indicators of the
Company
|
þApplicable oNot
applicable
Long-term
equity investments increased by 45% over the end of last year mainly because
the
profit level of investee companies substantially rose according to the equity
method.
Long-term
payables increased by 55% over the end of last year mainly due to the addition
of aircrafts leased by finance lease.
Shareholders'
equity increased by 34% over the end of last year mainly due to the increase
of
profits of the Company.
Financial
expenses decreased by 60% over the previous reporting period mainly due to
the
exchange gain resulting from the continuous appreciation of RMB.
Investment
gains increased by 209% over the previous reporting period mainly because
the
profit level of invested associates increased significantly.
4
The
losses on asset depreciation increased by 300% over the previous reporting
period mainly due to the increased provision for diminution of value of
inventory.
Non-operating
expenses decreased by 83% over the previous reporting period mainly because
the
losses on disposal of fixed assets decreased.
Non-operating
income increased by 95% over the previous reporting period mainly due to
the
obtaining of government subsidies.
There
is
a turnaround to net profit mainly due to the effects of enhancement of the
operation level and exchange gain.
| 3.2 |
Analysis
of the progress of other significant events and their effects and
proposed
solutions
|
þApplicable oNot
applicable
On
3
September 2007, the Company published an announcement regarding the reaching
of
commercial consensus on strategic investment and resumption of trading in
shares
on the Shanghai Securities Daily, and that the project is steadily proceeding
on
schedule.
| 3.3 |
The
status of implementation of the matters undertaken by the Company,
shareholders and the ultimate
controller
|
þApplicable oNot
applicable
The
share
reform was completed by the Company on 12 January 2007. For details of the
undertakings of the substantial shareholder, please refer to the section
"Updates on the Performance of Undertakings" in the Company's Interim Report
2007 published on the website of the Shanghai Stock Exchange on 30 August
2007.
| 3.4 |
Warnings
of and reasons for any expected accumulated losses from the beginning
of
the year to the end of the following reporting period or substantial
changes in profitability compared to the same period last
year
|
þApplicable oNot
applicable
5
| 3.5 |
Other
important matters which need
explanation
|
3.5.1 Shareholding
of the Company in other listed companies
þApplicable oNot
applicable
|
Percentage
|
|||||||||||||||||||
|
of
the
|
|||||||||||||||||||
|
Number
|
shareholding
|
Initial
|
|||||||||||||||||
|
Serial
|
Stock
|
of
share
|
interest
of
|
investment
|
Accounting
|
||||||||||||||
|
number
|
code
|
Stock
name
|
held
(shares)
|
the
company
|
costs
|
items
|
|||||||||||||
|
(%)
|
(RMB)
|
||||||||||||||||||
|
1
|
600377
|
JS
Co, Ltd.
|
200,000
|
0.004
|
360,000
|
Available-for-
sale financial assets
|
|||||||||||||
|
2
|
000563
|
SHAANXI
INTERNATIONAL TRUST & INVESTMENT CORP., LTD. ( 陝國投 A
)
|
|
216,000
|
0.060
|
203,040
|
Available-for-
sale financial assets
|
||||||||||||
|
Total
|
-
|
-
|
563,040
|
-
|
|||||||||||||||
3.5.2 Shareholding
of the Company in non-listed financial enterprises and proposed-listed
companies
oApplicable þNot
applicable
By
order
of the Board of
CHINA
EASTERN AIRLINES CORPORATION LIMITED
Luo
Zhuping
Director
and Company Secretary
The
directors of the Company as at the date of this announcement are:
|
Li
Fenghua
|
(Chairman,
Non-executive Director)
|
|
Li
Jun
|
(Vice
Chairman, Non-executive Director)
|
|
Luo
Chaogeng
|
(Non-executive
Director)
|
|
Cao
Jianxiong
|
(President,
Executive Director)
|
|
Luo
Zhuping
|
(Executive
Director)
|
|
Hu
Honggao
|
(Independent
non-executive Director)
|
|
Peter
Lok
|
(Independent
non-executive Director)
|
|
Wu
Baiwang
|
(Independent
non-executive Director)
|
|
Zhou
Ruijin
|
(Independent
non-executive Director)
|
|
Xie
Rong
|
(Independent
non-executive Director)
|
Shanghai,
the People's Republic of China
29
October, 2007
6