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22 Apr 2014 07:01
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HongΒ KongΒ ExchangesΒ andΒ ClearingΒ LimitedΒ andΒ TheΒ StockΒ ExchangeΒ ofΒ HongΒ KongΒ LimitedΒ takeΒ noΒ responsibilityΒ for theΒ contentsΒ ofΒ thisΒ announcement,Β makeΒ noΒ representationΒ asΒ toΒ itsΒ accuracyΒ orΒ completenessΒ andΒ expresslyΒ disclaim anyΒ liabilityΒ whatsoeverΒ forΒ anyΒ lossΒ howsoeverΒ arisingΒ fromΒ orΒ inΒ relianceΒ uponΒ theΒ wholeΒ orΒ anyΒ partΒ ofΒ theΒ contents ofΒ thisΒ announcement.
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Β Air China Limited
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(aΒ jointΒ stockΒ limitedΒ companyΒ incorporatedΒ inΒ theΒ People'sΒ RepublicofΒ ChinaΒ withΒ limitedΒ liability)
(StockΒ Code:Β 00753)
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PROFITΒ WARNING
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ThisΒ announcementΒ isΒ madeΒ byΒ AirΒ ChinaΒ LimitedΒ (theΒ "Company")Β pursuantΒ toΒ RuleΒ 13.09Β of theΒ RulesΒ GoverningΒ theΒ ListingΒ ofΒ SecuritiesΒ onΒ TheΒ StockΒ ExchangeΒ ofΒ HongΒ KongΒ LimitedΒ (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVAΒ ofΒ theΒ Securities andΒ FuturesΒ Ordinance (ChapterΒ 571Β ofΒ theΒ lawsΒ ofΒ HongΒ Kong).
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I. ESTIMATED Β RESULTS Β FOR Β THE Β PERIOD Β BETWEEN Β 1 Β JANUARY Β 2014 Β TO Β 31
MARCHΒ 2014
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1. AccordingΒ toΒ theΒ preliminaryΒ estimationΒ ofΒ theΒ financeΒ department ofΒ theΒ Company,Β the net profitΒ attributableΒ to equity holders of the Company for the first quarter of 2014 in accordanceΒ withΒ theΒ "ChinaΒ Accounting StandardsΒ forΒ BusinessΒ Enterprises"Β isΒ expected to decreaseΒ byΒ 55%Β toΒ 65%Β comparedΒ toΒ thatΒ ofΒ theΒ
correspondingΒ periodΒ inΒ 2013.
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2. Β TheΒ estimatedΒ resultsΒ haveΒ notΒ beenΒ audited.
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II. RESULTSΒ FORΒ THEΒ CORRESPONDINGΒ PERIODΒ INΒ 2013Β (1Β JANUARYΒ 2013Β TOΒ 31
MARCHΒ 2013)
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1. Β NetΒ profitΒ attributableΒ toΒ equityΒ holdersΒ ofΒ theΒ Company:Β RMB249Β million
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2. Β EarningsΒ perΒ share:Β RMB0.02
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III. Β MAJORΒ REASONSΒ FORΒ ESTIMATEDΒ DECREASEΒ INΒ THEΒ RESULTS
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During the first quarter of 2014, the financial expenses of the Company substantially increased as compared with the corresponding period of 2013 due to the exchange losses (as compared with the exchange gains for the corresponding period of 2013) resulting from the substantialΒ depreciationΒ ofΒ Renminbi.
IV. Β OTHERΒ RELATEDΒ MATTERS
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The above estimated results is only the preliminary estimation, and the specific and accurate financial figures of the Company will be officially disclosed in the 2014 firstly quarterly report of the Company. Investors are reminded to consider the risks involved in making investmentΒ decisions.
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Shareholders of the Company and potential investors are advised to exercise caution when dealingΒ inΒ theΒ securities ofΒ theΒ Company.
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ByΒ orderΒ ofΒ theΒ Board
AirΒ ChinaΒ Limited
RaoΒ Xinyu TamΒ ShuitΒ Mui
JointΒ CompanyΒ Secretaries
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Beijing,Β theΒ PRC,Β 21Β AprilΒ 2014
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As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Ms.Β WangΒ Yinxiang,Β Mr.Β CaoΒ Jianxiong,Β Mr.Β SunΒ Yude,Β Mr.Β IanΒ SaiΒ CheungΒ Shiu,Β Mr.Β FanΒ Cheng, Mr.Β Fu Yang*,Β Mr. Yang Yuzhong*,Β Mr.Β PanΒ Xiaojiang* andΒ Mr.Β SimonΒ ToΒ ChiΒ Keung*.
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* Β IndependentΒ non-executiveΒ DirectorΒ ofΒ theΒ Company
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