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3 Nov 2021 09:51
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Β
δΈεειθͺη©Ίθ‘δ»½ζιε ¬εΈ
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00753)
Β
THIRDΒ QUARTERLYΒ REPORTΒ 2021
Β
This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Β
The board of directors (the "Board") of Air China Limited (the "Company", the Company together with its subsidiaries, the "Group") held a Board meeting on 29 October 2021 and passed the resolution approving the third quarterly report 2021 (the "Quarterly Report") of the Company for the three months ended 30 September 2021 (the "Reporting Period" or "Period") prepared in accordance with the PRC Accounting Standards for Business Enterprises.
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I. IMPORTANTΒ NOTICE
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1.1. The Board and the supervisory committee of the Company together with the directors, supervisors and senior management of the Company guarantee that the contents of the Quarterly Report are true, accurate and complete and do not contain any false representation, misleading statement or material omission, and shall jointly and severally accept legal liability.
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1.2. The legal representative of the Company, person in charge of accounting function and person in charge of accounting department (accounting superintendent) hereby guarantee that the financial statements set out in the Quarterly Report are true, accurate and complete.
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1.3. The third quarterly report of the Company is unaudited.
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II. BASICΒ INFORMATIONΒ OFΒ THEΒ COMPANY
Β
2.1. MajorΒ accountingΒ dataΒ andΒ financialΒ indicators
Β
Unit:Β RMB'000
Β
Β Β Β Β Β Β Β Β Β Items | Β Β Β Β Β Β Β Β The Reporting Period | Β Β Β Increase/decrease of the Reporting Period as compared to the corresponding period of the previous year (%) | Β Β Β Β Β For the period from the beginning of the year to the end of the Reporting Period | Increase/decrease for the period from the beginning of the year to the end of the Reporting Period as compared to the corresponding period of the previous year (%) |
Β | Β | Β | Β | Β |
Revenue | 19,793,622 | 5.24 | 57,457,425 | 18.58 |
Net profit attributable to shareholders of the listed company | Β -3,535,851 | Β 427.17 | Β -10,321,667 | Β 2.07 |
Net profit attributable to shareholders of the listed company after deducting non-recurring profits and losses | Β Β -3,653,470 | Β Β 388.49 | Β Β -10,573,863 | Β Β 2.22 |
Net cash flows from operating activities | Β N/A | Β N/A | Β 10,151,293 | Β 668.84 |
Basic earnings per share (RMB per share) | Β -0.26 | Β 427.17 | Β -0.75 | Β 1.35 |
Diluted earnings per share (RMB per share) | Β N/A | Β N/A | Β N/A | Β N/A |
Weighted average return on net assets (%) | Β -5.07 | Decreased by 4.25 percentage points | Β -14.18 | Decreased by 2.62 percentage points |
Β | Β | Β | Β | Β |
Β | Β Β Β Β At the end of the Reporting Period | Β Β Β Β Β At the end of the previous year | Increase/decrease at the end of the Reporting Period as compared to the end of the previous year (%) | |
Total assets | 287,445,792 | 284,070,710 | 1.19 | |
Owners' equity attributable to shareholders of the listed company | Β 67,991,228 | Β 77,582,421 | Β -12.36 | |
Β
2.2. Non-recurringΒ profitsΒ andΒ lossesΒ itemsΒ andΒ amounts
Β
Unit:Β RMB'000
Β
Β Β Β Β Β Items | Β Β Β Β Amounts for the Reporting Period | Amounts for the period from the beginning of the year to the end of the Reporting Period |
Β | Β | Β |
Gains or losses on disposal of non-current assets (including write-offs of asset impairment provision) | Β 19,037 | Β 19,806 |
Government subsidies recorded in the income statement for the current period (excluding those closely related to the Company's normal business and continuously entitled to in fixed amounts or quotas in accordance with the requirements of the state policy) | Β Β Β 107,554 | Β Β Β 269,002 |
Reversal of provision for impairment of receivables which are individually tested for impairment | Β 100,383 | Β 101,458 |
Other non-operating income and expenses not covered above | -8,506 | 38,991 |
Less: Effect of income tax | 27,828 | 78,934 |
Effect of non-controlling shareholders' interests (after taxation) | Β 73,021 | Β 98,127 |
Β | Β | Β |
Β | Β | Β |
Total | Β 117,619 | Β 252,196 |
Β | Β Β | Β Β |
Β
Explanation of non-recurring profits and losses items listed in the "Interpretative
Announcement for Information Disclosure of Companies That Issue Securities to the Public No.1 - Non-recurring Profits and Losses" (γε ¬ιηΌθ‘θεΈηε ¬εΈδΏ‘ζ―ζ«ι²θ§£ιζ§ε ¬ε第1θοΌιηΆεΈΈζ§ζηγ) which are defined as recurring profits and losses items
Β
Applicable βNotΒ applicable
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2.3. ChangesΒ ofΒ majorΒ accountingΒ dataΒ andΒ financialΒ indicatorsΒ andΒ reasonsΒ forΒ changes
Β
βApplicable NotΒ applicable
Β
Β
Β Items | Percentage of change (%) | Β Main reason |
Β | Β | Β |
Net profit attributable to shareholders of the listed company for the Reporting Period | 427.17 | Mainly due to the combined effects of the sporadic outbreak of COVID-19 pandemic, the rising aviation fuel price and the fluctuation in exchange rate |
Net profit attributable to shareholders of the listed company after deducting non-recurring profits and losses for the Reporting Period | 388.49 | Mainly due to the combined effects of the sporadic outbreak of COVID-19 pandemic, the rising aviation fuel price and the fluctuation in exchange rate |
Basic earnings per share for the Reporting Period (RMB per share) | 427.17 | Mainly due to the combined effects of the sporadic outbreak of COVID-19 pandemic, the rising aviation fuel price and the fluctuation in exchange rate |
Net cash flows from operating activities for the period from the beginning of the year to the end of the Reporting Period | 668.84 | Mainly due to the impact of the year-on- year increase in sales revenue and the decrease in returned tickets |
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The Group will firmly establish the concept of "Safety First", implement safety responsibilities, stringently adhere to rules and regulations as well as manage and control various types of risks, thereby resolutely upholding the safety standards. Moreover, the organizational leadership in respect of the pandemic prevention and control will be further strengthened and the regularized prevention and control measures will be strictly implemented. The Group will continuously strengthen market research and judgement, keep abreast of the changes in demand, dynamically adjust the deployment of transport capacity and implement strict cost control, all in an effort to reduce the impact of the pandemic on the operation.
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2.4. Total number of shareholders, particulars of the top 10 shareholders and the top 10 shareholders of tradable shares (or shares not subject to selling restrictions) as at the end of the Reporting Period
Β
Total number of shareholders of ordinary shares and number of shareholders of preference shares with restored voting rights as well as particulars of the top 10 shareholders
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Unit:Β share
Β
http://www.rns-pdf.londonstockexchange.com/rns/1914R_1-2021-11-3.pdf
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Particulars of the top 10 shareholders not subject to selling restrictions | |||
Β Β Β Name of shareholder | Number of tradable shares held not subject to selling restrictions | Class and number of shares | |
Β Β Class of shares | Β Β Number | ||
Β | Β | Β | Β |
China National Aviation Holding Corporation Limited | 5,952,236,697 | RMB ordinary shares | 5,952,236,697 |
Cathay Pacific Airways Limited | 2,633,725,455 | Overseas listed foreign shares | 2,633,725,455 |
HKSCC NOMINEES LIMITED | 1,688,048,365 | Overseas listed foreign shares | 1,688,048,365 |
China National Aviation Corporation (Group) Limited | 1,556,334,920 | RMB ordinary shares | 1,332,482,920 |
Β | Β | Overseas listed foreign shares | 223,852,000 |
China National Aviation Fuel Group Corporation | 462,583,102 | RMB ordinary shares | 462,583,102 |
China Securities Finance Corporation Limited | 311,302,365 | RMB ordinary shares | 311,302,365 |
Hong Kong Securities Clearing Company Ltd. | 79,930,038 | RMB ordinary shares | 79,930,038 |
Agricultural Bank of China Limited - GF Balanced Preferred Hybrid Securities Investment Fund (δΈεθΎ²ζ₯ιθ‘θ‘δ»½ζιε ¬εΈ-廣ηΌεθ‘‘εͺιΈζ··εε θεΈζθ³εΊι) | 72,954,329 | RMB ordinary shares | 72,954,329 |
China Construction Bank Corporation - GF Value Leading Hybrid Securities Investment Fund (δΈεε»Ίθ¨ιθ‘θ‘δ»½ζιε ¬εΈ-廣ηΌεΉεΌι ε ζ··εε θεΈζθ³εΊι) | 37,046,485 | RMB ordinary shares | 37,046,485 |
Industrial Bank Co., Ltd. - GF Stable Preferred Six-month Hybrid Securities Investment Fund (θζ₯ιθ‘θ‘δ»½ζιε ¬εΈ-廣ηΌη©©ε₯εͺιΈε εζζζζ ζ··εεθεΈζθ³εΊι) | 36,480,514 | RMB ordinary shares | 36,480,514 |
Explanation on connected relationship or action in concert among the above shareholders | China National Aviation Corporation (Group) Limited is a wholly-owned subsidiary of China National Aviation Holding Corporation Limited. Accordingly, China National Aviation Holding Corporation Limited is directly and indirectly interested in 51.70% of the shares of the Company. | ||
Explanation on the top 10 shareholders and the top 10 shareholders not subject to selling restrictions involved in margin financing and securities lending as well as margin and securities refinancing business (if any) | Nil | ||
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1. HKSCC NOMINEES LIMITED is a subsidiary of The Stock Exchange of Hong Kong Limited and its principal business is acting as nominee for and on behalf of other corporate shareholders or individual shareholders. The 1,688,048,365 H shares held by it in the Company do not include the 166,852,000 shares held by it as nominee of China National Aviation Corporation (Group) Limited.
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2. According to the "Implementation Measures on Partial Transfer of State-owned Shares to the National Social Security Fund in the Domestic Securities Market" (Cai Qi [2009] No.
94) (γε’ε §θεΈεΈε ΄θ½ζι¨εεζθ‘ε ε―¦ε ¨εη€ΎζδΏιεΊιε―¦ζ½θΎ¦ζ³γ(貑δΌ[2009]94θ))
and the Notice ([2009] No. 63) jointly issued by the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, China Securities Regulatory Commission and the National Council for Social Security Fund, 127,445,536 shares and 36,454,464 shares held by China National Aviation Holding Corporation Limited, the controlling shareholder of the Company, and China National Aviation Corporation (Group) Limited respectively are frozen at present.
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III. OTHERΒ REMINDERS
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Other significant information in relation to the operation of the Company during the Reporting Period that needs to be brought to the attention of investors
Β
Applicable βNotΒ applicable
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IV. QUARTERLYΒ FINANCIALΒ STATEMENTS
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TypesΒ ofΒ auditΒ opinion
Applicable βNotΒ applicable
Β
Β
Β
Β
CONSOLIDATEDΒ BALANCEΒ SHEET
30Β SeptemberΒ 2021
Β
PreparedΒ byΒ AirΒ ChinaΒ Limited
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Unit:Β RMB'000Β (Unaudited)
Β
Β Items | 30 September 2021 | 31 December 2020 |
Β | Β | Β |
CURRENT ASSETS: | Β | Β |
Cash and bank balance | 9,482,681 | 6,575,243 |
Provisions on payables | Β | Β |
Contributions made | Β | Β |
Financial assets held-for-trading | Β | Β |
Derivative financial assets | Β | Β |
Bills receivable | 5,748 | 6,593 |
Accounts receivable | 2,709,506 | 2,942,799 |
Receivables financing | Β | Β |
Prepayments | 496,939 | 421,237 |
Premium receivable | Β | Β |
Receivables on reinsurance | Β | Β |
Provisions for reinsurance contracts | Β | Β |
Other receivables | 3,166,001 | 3,491,233 |
Including: Interest receivable | Β | Β |
Dividend receivable | Β | Β |
Purchase of financial assets resold | Β | Β |
Inventories | 2,406,238 | 1,853,990 |
Contract assets | Β | Β |
Held-for-sale assets | Β | Β |
Non-current assets due within a year | Β | Β |
Other current assets | 4,197,760 | 4,444,806 |
Total current assets | 22,464,873 | 19,735,901 |
Β
Β Items | 30 September 2021 | 31 December 2020 |
Β | Β | Β |
NON-CURRENT ASSETS: | Β | Β |
Loans and advances | Β | Β |
Debt investments | Β | Β |
Other debt investments | 1,329,055 | 1,344,829 |
Long-term receivables | 618,907 | 621,398 |
Long-term equity investments | 11,479,800 | 12,379,614 |
Investments in other equity instruments | 197,017 | 235,223 |
Other non-current financial assets | Β | Β |
Investment properties | 130,353 | 138,688 |
Fixed assets | 86,477,618 | 87,717,717 |
Construction in progress | 33,675,777 | 38,138,866 |
Biological assets for production | Β | Β |
Oil and gas assets | Β | Β |
Right-of-use assets | 116,572,791 | 112,074,148 |
Intangible assets | 3,545,707 | 3,597,206 |
Development expenses | Β | Β |
Goodwill | 1,102,185 | 1,102,185 |
Long-term deferred expenses | 279,183 | 292,972 |
Deferred income tax assets | 9,572,526 | 6,691,963 |
Other non-current assets | Β | Β |
Total non-current assets | 264,980,919 | 264,334,809 |
Total assets | 287,445,792 | 284,070,710 |
Β
Β Items | 30 September 2021 | 31 December 2020 |
Β | Β | Β |
Β | Β | Β |
CURRENT LIABILITIES: | Β | Β |
Short-term loans | 22,306,828 | 29,327,087 |
Short-term financing bonds payable | 2,530,144 | 510,810 |
Borrowings from central bank | Β | Β |
Contributions received | Β | Β |
Financial liabilities held-for-trading | Β | Β |
Derivative financial liabilities | Β | Β |
Bills payable | - | 62,570 |
Accounts payables | 14,896,695 | 12,740,096 |
Air traffic liabilities | 2,254,283 | 2,002,649 |
Receipts in advance | Β | Β |
Contract liabilities | 1,523,522 | 1,280,102 |
Sale of financial assets repurchased | Β | Β |
Deposits from clients and placements from other banks | Β | Β |
Brokerage payable | Β | Β |
Underwriting fees payable | Β | Β |
Employee compensations payable | 2,543,024 | 2,608,944 |
Taxes payable | 229,711 | 206,547 |
Other payables | 13,043,968 | 9,600,645 |
Including: Interest payable | Β | Β |
Dividend payable | Β | Β |
Fees and commissions payable | Β | Β |
Amounts payable on reinsurance | Β | Β |
Held-for-sale liabilities | Β | Β |
Non-current liabilities due within a year | 22,562,294 | 22,054,735 |
Other current liabilities | Β | Β |
Total current liabilities | 81,890,469 | 80,394,185 |
Β
Β Items | 30 September 2021 | 31 December 2020 |
Β | Β | Β |
Β | Β | Β |
NON-CURRENT LIABILITIES: | Β | Β |
Reserves on insurance contracts | Β | Β |
Long-term loans | 35,079,045 | 21,140,699 |
Debentures payable | 9,499,132 | 10,498,398 |
Including: Preference shares | Β | Β |
Perpetual bonds | Β | Β |
Lease liabilities | 76,218,303 | 76,098,678 |
Long-term payables | 5,450,951 | 5,783,825 |
Long-term employee compensation payables | 225,344 | 229,332 |
Accrued liabilities | 3,045,899 | 3,023,109 |
Deferred income | 549,103 | 488,791 |
Deferred income tax liabilities | 329,728 | 334,720 |
Other non-current liabilities | 1,971,922 | 2,264,843 |
Total non-current liabilities | 132,369,427 | 119,862,395 |
Total liabilities | 214,259,896 | 200,256,580 |
Β | Β | Β |
OWNERS' EQUITY (OR SHAREHOLDERS' EQUITY): | Β | Β |
Paid-up capital (or share capital) | 14,524,815 | 14,524,815 |
Other equity instruments | Β | Β |
Including: Preference shares | Β | Β |
Perpetual bonds | Β | Β |
Capital reserve | 26,270,841 | 26,270,841 |
Less: Treasury shares | Β | Β |
Other comprehensive income | -137,476 | -871,587 |
Including: Foreign currency translation differences | -2,435,937 | -2,311,036 |
Special reserves | Β | Β |
Surplus reserves | 11,564,287 | 11,564,287 |
General risk provisions | 110,628 | 110,628 |
Retained earnings | 15,658,133 | 25,983,437 |
Total owners' equity (or shareholders' equity) attributable to equity shareholders of the parent company | Β Β 67,991,228 | Β Β 77,582,421 |
Non-controlling interests | 5,194,668 | 6,231,709 |
Total owners' equity (or shareholders' equity) | 73,185,896 | 83,814,130 |
Total liabilities and owners' equity (or shareholders' equity) | Β 287,445,792 | Β 284,070,710 |
Β
PersonΒ inΒ chargeΒ ofΒ theΒ Company:Β Mr.Β SongΒ ZhiyongΒ
PersonΒ inΒ chargeΒ ofΒ accountingΒ function:Β Mr.Β XiaoΒ Feng
Β
PersonΒ inΒ chargeΒ ofΒ accountingΒ department:Β Mr.Β ZhanΒ Zhong
Β
CONSOLIDATEDΒ INCOMEΒ STATEMENT
JanuaryΒ toΒ SeptemberΒ 2021
PreparedΒ byΒ AirΒ ChinaΒ Limited
Β
Unit:Β RMB'000Β (Unaudited)
Β
Β Β Items | First three quarters of 2021 (January to September) | First three quarters of 2020 (January to September) |
Β | Β | Β |
I. Total revenue from operations | 57,457,425 | 48,454,050 |
Including: Operating income Interest income Premium earned Fees and commission income | 57,457,425 | 48,454,050 |
Β | Β | Β |
II. Total operating cost | 73,584,421 | 61,471,267 |
Including: Operating costs | 63,149,708 | 52,945,632 |
Interest expenses | Β | Β |
Fees and commission expenses | Β | Β |
Returned premium | Β | Β |
Net reimbursement paid | Β | Β |
Net amounts of provisions on insurance obligations drawn | Β | Β |
Bonus paid on insurance policy | Β | Β |
Reinsurance premium | Β | Β |
Taxes and other levies | 188,691 | 153,033 |
Selling expenses | 3,316,364 | 2,967,568 |
General and administrative expenses | 3,244,237 | 2,737,019 |
R&D expenses | 92,814 | 223,392 |
Finance expenses | 3,592,607 | 2,444,623 |
Including: Interest expenses | 4,052,386 | 3,830,249 |
Interest income | 63,887 | 107,760 |
Add: Other income | 2,919,449 | 2,989,572 |
Investment income (loss is represented by "-" sign) | -1,592,710 | -3,666,326 |
Including: Investment income from associates and joint ventures | Β -1,648,727 | Β -3,713,229 |
Derecognition of gains on financial assets measured at amortised cost | Β | Β |
Exchange gains (loss is represented by "-" sign) | Β | Β |
Gains from net exposure to hedging (loss is represented by "-" sign) | Β | Β |
Gains from changes in fair value (loss is represented by "-" sign) | Β | Β |
Impairment loss of credit (loss is represented by "-" sign) | Β 100,850 | Β 70,165 |
Impairment loss of assets (loss is represented by "-" sign) | Β -5,027 | Β -137 |
Gains from disposal of assets (loss is represented by "-" sign) | Β 25,796 | Β 29,079 |
Β | Β | Β |
Β
Β Β Items | First three quarters of 2021 (January to September) | First three quarters of 2020 (January to September) |
Β | Β | Β |
III. Profit from operations (loss is represented by "-" sign) | -14,678,638 | -13,594,864 |
Add: Non-operating income | 88,974 | 132,287 |
Less: Non-operating expenses | 55,917 | 106,516 |
Β | Β | Β |
IV. Total profit (total loss is represented by "-" sign) | -14,645,581 | -13,569,093 |
Less: Income tax expenses | -2,849,163 | -2,107,276 |
Β | Β | Β |
V. Net profit (net loss is represented by "-" sign) | -11,796,418 | -11,461,817 |
(I) Classified by continuity of operations | Β | Β |
1. Net profit from continuing operations (net loss is represented by "-" sign) | Β -11,796,418 | Β -11,461,817 |
2. Net profit from discontinued operation (net loss is represented by "-" sign) | Β | Β |
(II) Classified by ownership | Β | Β |
1. Net profits attributable to shareholders of the parent company (net loss is represented by "-" sign) | Β -10,321,667 | Β -10,111,847 |
2. Profit or loss attributable to non-controlling interests (net loss is represented by "-" sign) | Β -1,474,751 | Β -1,349,970 |
Β | Β | Β |
VI. Other comprehensive income after taxation, net | 702,188 | -1,403,285 |
(I) Other comprehensive income after taxation attributable to shareholders of the parent company, net | Β 730,474 | Β -1,386,552 |
1.Other comprehensive income that cannot be subsequently reclassified to profit or loss | Β -20,066 | Β -123,665 |
(1) Changes arising on remeasurement of defined benefit plans | -1,594 | -3,324 |
(2) Other comprehensive income accounted for using the equity method that cannot be reclassified to profit or loss | Β -3,858 | Β -103,423 |
(3) Change in fair value of investments in other equity instruments | -14,614 | -16,918 |
(4) Change in fair value of own credit risk of the Company | Β | Β |
Β
Β Β Items | First three quarters of 2021 (January to September) | First three quarters of 2020 (January to September) |
Β | Β | Β |
2.Other comprehensive income that will be reclassified to profit or loss | Β 750,540 | Β -1,262,887 |
(1) Other comprehensive income accounted for using the equity method that may be reclassified to profit or loss | Β 879,233 | Β -885,536 |
(2) Change in fair value of other debt investments | -388 | -8,011 |
(3) Amount of financial assets reclassified into other comprehensive income | Β | Β |
(4) Provisions for credit impairment of other debt investments | -3,404 | 17,511 |
(5) Reserve for cash flow hedging | Β | Β |
(6) Exchange difference on translation of financial statements in foreign currency | Β -124,901 | Β -386,851 |
(7) Others | Β | Β |
(II) Other comprehensive income after taxation attributable to non-controlling interests, net | Β -28,286 | Β -16,733 |
Β | Β | Β |
VII. Total comprehensive income | -11,094,230 | -12,865,102 |
(I) Total comprehensive income attributable to shareholders of the parent company | Β -9,591,193 | Β -11,498,399 |
(II) Total comprehensive income attributable to non-controlling interests | Β -1,503,037 | Β -1,366,703 |
Β | Β | Β |
VIII. Earnings per share: | Β | Β |
(I) Basic earnings per share -RMB per share | -0.75 | -0.74 |
(II) Diluted earnings per share -RMB per share | N/A | N/A |
Β
ForΒ businessΒ combinationΒ underΒ commonΒ controlΒ duringΒ theΒ Period,Β theΒ netΒ profitΒ ofΒ mergedΒ party before the business combination is Nil, and the net profit of the merged party for the lastΒ periodΒ isΒ Nil.
Β
PersonΒ inΒ chargeΒ ofΒ theΒ Company:Β Mr.Β SongΒ ZhiyongΒ
PersonΒ inΒ chargeΒ ofΒ accountingΒ function:Β Mr.Β XiaoΒ Feng
Β
PersonΒ inΒ chargeΒ ofΒ accountingΒ department:Β Mr.Β ZhanΒ Zhong
Β
CONSOLIDATEDΒ CASHΒ FLOWΒ STATEMENT
JanuaryΒ toΒ SeptemberΒ 2021
PreparedΒ byΒ AirΒ ChinaΒ Limited
Β
Unit:Β RMB'000Β (Unaudited)
Β
Β Β Β Items | First three quarters of 2021 (January to September) | First three quarters of 2020 (January to September) |
Β | Β | Β |
I. Cash flows from operating activities: | Β | Β |
Cash received from sales of goods and provision of services | 61,020,442 | 44,861,340 |
Net increase in deposits from clients and placements from banks | Β | Β |
Net increase in borrowings from central bank | Β | Β |
Net increase in borrowings from other financial institutions | Β | Β |
Cash received from premiums of original insurance contracts | Β | Β |
Net cash receipt from reinsurance operations | Β | Β |
Net increase in reserve of the insured and investment | Β | Β |
Cash received from interest, fees and commission | Β | Β |
Net increase in contributions received | Β | Β |
Net increase in cash from repurchase operations | Β | Β |
Net cash receipt from securities trading as agent | Β | Β |
Refund of taxes and levies | 13,275 | 24,206 |
Other cash received relating to operating activities | 6,962,870 | 4,873,350 |
Subtotal of cash inflows of operating activities | 67,996,587 | 49,758,896 |
Cash paid for goods purchased and services received | 34,568,979 | 30,033,412 |
Net increase in loans and advances to clients | Β | Β |
Net increase in deposits in central bank and other banks | Β | Β |
Cash paid in respect of claims under original insurance contracts | Β | Β |
Net increase in contributions made | Β | Β |
Cash paid for interest, fees and commissions | Β | Β |
Cash paid for bonus paid on insurance policy | Β | Β |
Cash paid to or on behalf of employees | 17,412,815 | 16,862,435 |
Taxes and levies paid | 1,318,399 | 1,495,050 |
Other cash paid relating to operating activities | 4,545,101 | 3,152,563 |
Subtotal of cash outflows from operating activities | 57,845,294 | 51,543,460 |
Net cash flows from operating activities | 10,151,293 | -1,784,564 |
Β | Β | Β |
Β
Β Β Β Items | First three quarters of 2021 (January to September) | First three quarters of 2020 (January to September) |
Β | Β | Β |
II. Cash flows from investing activities: | Β | Β |
Cash received from sale and redemption of investments | 1,681,058 | Β |
Recovery of the secured bank deposits | 25,579 | 1,713 |
Cash received from investment income | 27,120 | 17,350 |
Net cash proceeds from disposal of fixed assets, intangible assets and other long-term assets | Β 105,047 | Β 101,728 |
Net cash proceeds from disposal of subsidiaries and other business units | Β | Β |
Other cash received relating to investing activities | 63,887 | 107,760 |
Subtotal of cash inflows from investing activities | 1,902,691 | 228,551 |
Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | Β 3,051,141 | Β 8,836,759 |
Cash paid for investments | Β | 4,322,061 |
Net increase in secured loans | Β | Β |
Net cash payments for acquisition of subsidiaries and other business units | Β | Β |
Increase in secured bank deposits | 14,761 | 1,633 |
Other cash paid relating to investing activities | Β | Β |
Subtotal of cash outflows from investing activities | 3,065,902 | 13,160,453 |
Net cash flows from investing activities | -1,163,211 | -12,931,902 |
Β | Β | Β |
Β
Β Β Β Items | First three quarters of 2021 (January to September) | First three quarters of 2020 (January to September) |
Β | Β | Β |
III. Cash flows from financing activities: | Β | Β |
Cash received from capital injection | Β | Β |
Including: Cash received from capital injection of minority shareholders in subsidiaries | Β | Β |
Cash received from issuance of debentures | 6,300,000 | 29,300,000 |
Cash received from borrowings | 36,016,349 | 42,857,458 |
Cash received from capital injection | 490,148 | Β |
Other cash received relating to financing activities | Β | Β |
Subtotal of cash inflows from financing activities | 42,806,497 | 72,157,458 |
Cash paid for repayment of borrowings | 27,741,688 | 23,350,268 |
Cash paid for repayment of debentures | 5,700,000 | 19,100,000 |
Cash paid for distribution of dividends, profits or payment of interest expenses | Β 4,184,910 | Β 4,447,319 |
Including: Dividends and profits paid to minority shareholders by subsidiaries | Β 24,152 | Β 16,477 |
Cash paid for leases | 11,211,366 | 10,454,908 |
Other cash paid relating to financing activities | Β | Β |
Subtotal of cash outflows from financing activities | 48,837,964 | 57,352,495 |
Net cash flows from financing activities | -6,031,467 | 14,804,963 |
Β | Β | Β |
IV. Effect of exchange rate changes on cash and cash equivalents | Β -26,438 | Β -28,661 |
Β | Β | Β |
V. Net increase in cash and cash equivalents | 2,930,177 | 59,836 |
Add: Balance of cash and cash equivalents as at the beginning of the Period | Β 5,837,998 | Β 8,935,282 |
Β | Β | Β |
VI. Balance of cash and cash equivalents as at the end of the Period | Β 8,768,175 | Β 8,995,118 |
Β
PersonΒ inΒ chargeΒ ofΒ theΒ Company:Β Mr.Β SongΒ ZhiyongΒ
PersonΒ inΒ chargeΒ ofΒ accountingΒ function:Β Mr.Β XiaoΒ Feng
Β
PersonΒ inΒ chargeΒ ofΒ accountingΒ department:Β Mr.Β ZhanΒ Zhong
Β
ParticularsΒ inΒ relationΒ toΒ adjustmentsΒ madeΒ toΒ theΒ financialΒ statementsΒ asΒ atΒ theΒ beginningΒ ofΒ theΒ yearΒ forΒ theΒ initialΒ implementationΒ ofΒ NewΒ LeaseΒ StandardΒ sinceΒ 2021
Β
Applicable βNotΒ applicable
Β
ByΒ OrderΒ ofΒ theΒ Board
AirΒ ChinaΒ LimitedΒ
HuangΒ Bin HuenΒ HoΒ Yin
Β JointΒ CompanyΒ Secretaries
Β
Beijing,Β theΒ PRC,Β 29Β OctoberΒ 2021
Β
As at the date of this announcement, the directors of the Company are Mr. Song Zhiyong, Mr. MaΒ Chongxian, Mr. Feng Gang, Mr. Patrick Healy, Mr. Xue Yasong, Mr. Duan Hongyi*, Mr. Stanley HuiΒ Hon-chung*Β andΒ Mr.Β LiΒ Dajin*.
Β
* IndependentΒ non-executiveΒ directorΒ ofΒ theΒ Company
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