Investment Summary：
Half-year results decreased by 15%
In 2019 H1, China Eastern Airlines (CEA) recorded a revenue of RMB62.3 billion, up by 8% yoy, a net profit attributable to the parent company of RMB1.94 billion, down 14.89% yoy, and a net profit excluding non-recurring items of RMB1.56 billion, a decrease of 26% yoy.
In 2019 Q1 and Q2, the Company recorded a revenue of RMB30.1 billion and RMB28.7 billion, respectively, an increase of 12.3% and 3.84% yoy, while it also recorded a net profit attributable to the parent company of +RMB2.01 billion in Q1, an increase of 1.2%, and -RMB63 million in Q2, an increase of RMB360 million in loss.
Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.
