POSITIVE PROFIT ALERT FOR THE 2015 ANNUAL RESULTS
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, 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.
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code:00753)
POSITIVE PROFIT ALERT FOR THE 2015 ANNUAL RESULTS (OVERSEAS REGULATORY ANNOUNCEMENT)
I. ESTIMATED RESULTS FOR THE PERIOD
1. Period of the estimated results
1 January 2015 to 31 December 2015.
2. Estimated results
According to the preliminary estimation of the results of operations for 2015 of Air China Limited (hereinafter referred to as the "Company") in accordance with the China Accounting Standards for Business Enterprises, the net profit attributable to equity holders of the Company for 2015 is expected to increase by 60% to 80% when compared with that of the corresponding period of the previous year.
3. The estimated results have not been audited by certified accountants.
II. RESULTS FOR THE CORRESPONDING PERIOD IN 2014
1. Net profit attributable to equity holders of the Company: RMB3,782 million
2. Earnings per share: RMB0.31
III. MAJOR REASONS FOR ESTIMATED INCREASE IN THE RESULTS FOR THE PERIOD
In 2015, the Company captured strong market demand, increased its capacity deployment, continuously improved its operation management, enhanced yield control, and achieved a year- on-year growth in revenue after offsetting the impact of reducing fuel surcharge standard. At the same time, the Company strengthened cost control through refining the management of business process, improving the matching of aircraft models, routes and markets, optimizing debt structure for interest rate and foreign exchange rate risk aversion, and actively advancing the measures of "promoting direct sales and lowering agency fees". Also, benefiting from the substantial decrease in the price of aviation fuel, the Company recorded a year-on-year reduction in costs in 2015.
IV. OTHER MATTERS
The estimated results above are only preliminary information, and the specific and accurate financial figures of the Company are subject to those disclosed in the 2015 annual report of the Company. Investors are reminded to consider the risks involved in making investment decisions.
This announcement is issued by 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.
By order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 25 January 2016
As at the date of this notice, the directors of the Company are Mr. Cai Jianjiang, Ms. Wang Yinxiang, Mr. Cao Jianxiong, Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr. Song Zhiyong, Mr. Fan Cheng, Mr. Pan Xiaojiang*, Mr. Simon To Chi Keung*, Mr. Stanley Hui Honchung* and Mr. Li Dajin*.
* Independent non-executive director of the Company
This information is provided by RNS
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