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16 Oct 2015 07:00
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HongΒ KongΒ ExchangesΒ andΒ ClearingΒ LimitedΒ andΒ TheΒ StockΒ ExchangeΒ ofΒ HongΒ KongΒ LimitedΒ takeΒ no responsibilityΒ forΒ theΒ contentsΒ ofΒ thisΒ announcement,Β makeΒ noΒ representationΒ asΒ toΒ itsΒ accuracyΒ or completenessΒ andΒ expresslyΒ disclaimΒ anyΒ liabilityΒ whatsoeverΒ forΒ anyΒ lossΒ howsoeverΒ arisingΒ fromΒ or inΒ relianceΒ uponΒ theΒ wholeΒ orΒ anyΒ partΒ ofΒ theΒ contentsΒ ofΒ thisΒ announcement.
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Β AIR CHINA LIMITED
(aΒ jointΒ stockΒ limitedΒ companyΒ incorporatedΒ inΒ theΒ People'sΒ RepublicΒ ofΒ ChinaΒ withΒ limitedΒ liability)
(StockΒ Code:Β 00753)
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POSITIVEΒ PROFITΒ ALERTΒ OFΒ THEΒ RESULTSΒ FORΒ THEΒ FIRSTΒ THREE QUARTERSΒ OFΒ 2015
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This announcement is made by Air China Limited (the "Company") pursuant to Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).Β Β
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I. ESTIMATEDΒ RESULTSΒ FORΒ THEΒ PERIOD
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1. PeriodΒ ofΒ theΒ estimatedΒ results:Β 1Β JanuaryΒ 2015Β toΒ 30Β SeptemberΒ 2015
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2. EstimatedΒ results:
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AccordingΒ toΒ theΒ preliminaryΒ estimationΒ ofΒ theΒ CompanyΒ inΒ accordanceΒ withΒ theΒ China AccountingΒ StandardsΒ forΒ BusinessΒ Enterprises,Β theΒ netΒ profitΒ attributableΒ toΒ equityΒ holders ofΒ theΒ CompanyΒ forΒ theΒ firstΒ threeΒ quartersΒ ofΒ 2015Β isΒ expectedΒ toΒ beΒ betweenΒ RMB6.1 billionΒ andΒ RMB6.3Β billion,Β representingΒ aΒ year-on-yearΒ growthΒ ofΒ 92%Β toΒ 100%.
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3. TheΒ estimatedΒ resultsΒ wereΒ notΒ audited.
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II. RESULTSΒ FORΒ THEΒ CORRESPONDINGΒ PERIODΒ INΒ 2014
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1. NetΒ profitΒ attributableΒ toΒ equityΒ holdersΒ ofΒ theΒ Company:Β RMB3.157Β billion
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2. EarningsΒ perΒ share:Β RMB0.26
III. MAJOR Β REASONS Β FOR Β ESTIMATED Β INCREASE Β IN Β THE Β RESULTS Β FOR Β THE PERIOD
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DuringΒ theΒ firstΒ threeΒ quartersΒ ofΒ 2015,Β inΒ termsΒ ofΒ revenues,Β theΒ CompanyΒ capturedΒ strong marketΒ demandΒ especiallyΒ inΒ peakΒ seasonsΒ suchΒ asΒ theΒ SpringΒ FestivalΒ andΒ theΒ summerΒ vacation, andΒ achievedΒ aΒ year-on-yearΒ growthΒ inΒ revenueΒ asΒ aΒ resultΒ ofΒ itsΒ increasedΒ capacityΒ deployment, continuousΒ operationalΒ improvementsΒ andΒ betterΒ yieldΒ managementΒ andΒ inventoryΒ control.Β In termsΒ ofΒ costs,Β theΒ CompanyΒ optimisedΒ businessΒ processes,Β improvedΒ theΒ matchingΒ ofΒ aircraft modelsΒ andΒ routesΒ andΒ continuedΒ toΒ exploitΒ itsΒ potentialsΒ inΒ costΒ reductionΒ throughΒ refined managementΒ onΒ majorΒ costΒ items,Β promotingΒ directΒ salesΒ andΒ loweringΒ agencyΒ fees.Β AtΒ theΒ same time,Β benefitingΒ fromΒ theΒ substantialΒ decreaseΒ inΒ theΒ priceΒ ofΒ aviationΒ fuel,Β theΒ Company recordedΒ aΒ year-on-yearΒ reductionΒ inΒ costsΒ inΒ theΒ firstΒ threeΒ quartersΒ ofΒ 2015.
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IV. OTHERΒ MATTERS
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TheΒ estimatedΒ resultsΒ aboveΒ areΒ onlyΒ preliminaryΒ figures,Β andΒ theΒ specificΒ andΒ accurateΒ financial figuresΒ ofΒ theΒ CompanyΒ willΒ beΒ officiallyΒ disclosedΒ inΒ theΒ unauditedΒ 2015Β thirdΒ quarterlyΒ report ofΒ theΒ Company.Β InvestorsΒ areΒ remindedΒ toΒ considerΒ theΒ risksΒ involvedΒ inΒ makingΒ investment decisions.
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ShareholdersΒ ofΒ theΒ CompanyΒ andΒ potentialΒ investorsΒ areΒ advisedΒ toΒ exerciseΒ cautionΒ when dealingΒ inΒ theΒ securitiesΒ 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 15Β OctoberΒ 2015
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AsΒ atΒ theΒ dateΒ ofΒ thisΒ announcement,Β theΒ directorsΒ ofΒ theΒ CompanyΒ areΒ Mr.Β CaiΒ Jianjiang,Β Ms.Β Wang Yinxiang,Β Mr.Β CaoΒ Jianxiong,Β Mr.Β FengΒ Gang,Β Mr.Β JohnΒ RobertΒ Slosar,Β Mr.Β IanΒ SaiΒ CheungΒ Shiu,Β Mr. SongΒ Zhiyong,Β Mr.Β FanΒ Cheng,Β Mr.Β FuΒ Yang*,Β Mr.Β PanΒ Xiaojiang*,Β Mr.Β SimonΒ ToΒ ChiΒ Keung*Β and Mr.Β StanleyΒ HuiΒ Hon-chung*.
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* IndependentΒ non-executiveΒ DirectorΒ ofΒ theΒ Company
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