Shandong Airlines Co., Ltd. Summary of Annual Report for 2012
Shandong Airlines Co., Ltd.
Summary of Annual Report 2012
1. Important Notice
The summary is abstract from full-text of annual report, for more details information, investors should found in the full-text of annual
report that published on website of Shenzhen Stock Exchange and other website appointed by CSRC.
Company Profile
Short form of the stock Shanhang B Stock code 200152
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Secretary of the Board
Name Dong Qiantang Fan Peng
Tel. 0531－85698229 0531－85698678
Fax. 0531－85698767 ext. 8679 0531－85698767 ext.8679
E-mail dongqt@shandongair.com.cn fanp@shandongair.com.cn
2. Main financial data and changes of shareholders
(1) Main financial data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Changes over last
2012 2011 2010
year (%)
Operating income (RMB) 10,993,024,914.41 9,666,969,745.20 13.72% 7,292,615,957.10
Net profit attributable to shareholders
589,810,932.47 771,225,549.05 -23.52% 634,364,547.92
of the listed company(RMB)
Net profit attributable to shareholders
of the listed company after deducting 490,146,637.15 751,635,820.83 -34.79% 625,449,962.16
non-recurring gains and losses(RMB)
Net cash flow arising from operating
1,726,317,500.75 2,245,050,664.90 -23.11% 1,675,078,629.81
activities(RMB)
Basic earnings per share (RMB/Share) 1.47 1.93 -23.83% 1.59
Diluted earnings per share
1.47 1.93 -23.83% 1.59
(RMB/Share)
18.69 percentage
Weighted average ROE (%) 26.36% 45.05% down 56.84%
End of 2012 End of 2011 Changes over end of
End of 2010
last year (%)
Total assets (RMB) 11,261,341,430.03 9,772,985,545.97 15.23% 8,923,799,368.85
Net assets attributable to shareholder of 2,479,055,852.28 2,049,244,919.81 20.97% 1,406,659,169.90
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Shandong Airlines Co., Ltd. Summary of Annual Report for 2012
listed company (RMB)
(2) Statement of shares held by top 10 shareholders
Total shareholders ended as the
Total shareholders in reporting
17,689 5th trading day before annual 17,689
period
report disclosed
Particular about shares held by top ten shareholders
Proportion of Shares pledge or frozen
Amount of
Shareholders Nature shares held Amount of restricted shares held
shares held Status Amount
(%)
State-owned
SHANDONG AVIATION GROUP 42% 168,004,000 168,004,000
legal person
State-owned
AIR CHINA LIMITED 22.8% 91,200,000 91,200,000
legal person
GUOTAI JUNAN Foreign legal
0.85% 3,394,728 0
SECURITIES(HONGKONG) LIMITED person
Domestic
Yao Ming 0.46% 1,835,679 0
natural person
WANXIANG INTERNATIONAL Foreign legal
0.45% 1,805,525 0
INVESTMENT CORPORATION person
Domestic
Chen Jingjian 0.35% 1,380,800 0
natural person
Domestic
Ou Yanping 0.24% 945,043 0
natural person
Foreign
HUANG LIU LIA 0.23% 918,917 0
natural person
Domestic
Ye Qufa 0.2% 810,000 0
natural person
Domestic
Bao Xiuzhen 0.2% 800,000 0
natural person
1. Shandong Aviation Group is the first largest shareholder of the
Company, who holds the shares of the Company on behalf of the
State with unlisted shares.
2. Air China Limited is the second largest shareholder of the
Company, who holds the shares of the Company on behalf of the
State with unlisted shares; Air China is the first largest shareholder
Explanation on associated relationship among the aforesaid of SDA and the actual controller of the Company.
shareholders
3. Among the above the top ten shareholders, Air China is the first
largest shareholder of the SDAG, and there exists no associated
relationship between SDA and Air China and the other shareholders,
and they don’t belong to the consistent actionist regulated by the
Management Regulation of Information Disclosure on Change of
Shareholding for Listed Companies with the other shareholders.
(3) Property right and controlling relationships between the actual controllers of the Company and the
Company is as follows:
Shandong Aviation Group
42%
Shandong Airlines Co., Ltd.
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Shandong Airlines Co., Ltd. Summary of Annual Report for 2012
3. Discussion and analysis by the Management Team
In 2012, opportunities and challenges existed side by side, confronting the complicated and versatile internal and external
management environment, the Company insisted on taking comprehensive promotion as the principal line, focusing on implementing
ten strategic management points, striving to resolve the three principal contradictions of relatively limited resources, outdated
mechanism and insufficient abilities that restricted the rapid development of the Company, continuously made the soft power for
scientific development, actively responded, united and struggled, all work including safety, benefits, services and management
completed the intended target, and the main business performance was at the industry-leading level.
(I) Emphasize on the governance of key links, security situation overall keeps steady
In 2012, the Company guaranteed safe flight of 228,400 hours and 122,800 sorties, respectively increased by 14.69% and 14.54% on
year-on-year basis, no unsafe events above aviation incident caused by the Company occurred, no flight incident caused by
irresponsibility occurred for six consecutive years, continued to kept the longest cycle of flight incident in civil aviation caused by
irresponsibility, straightened out the responsibilities of branch office, base and headquarters, developed a series of activities to fight
against the illegality, and made some achievements in renovating the security breaches.
(II) Strengthen the basic management, running quality overall improved steadily
In 2012, the average on time performance of the Company was 78.35%, ranked number 2 in civil aviation; constantly optimized the
normal performance appraisal system of the flight, continuously monitored the rationality of flight scheduling, periodically analyzed
the flight operating data, effectively adjusted the flight for the season, orderly boosted the normal management of the flight;
strengthened the application of new technology, successfully got approval for RNP APCH supplement, and formally implemented
the operation of RNP APCH.
(III) Positively cope with the market challenge, obtained preferable achievements
In 2012, the Company totally completed transportation turnover volume of 1.592billion ton kilometers, passenger volume of 123,800
tons, respectively increased by 10.21%, 11.95% and 8.30% on year-on-year basis; achieved operation revenue of 10.99 billion yuan,
increased by 13.72 % on year-on-year basis, and net profits of 0.59 billion yuan, decreased by 23.52% on year-on-year basis;
improved the production elasticity and controlling ability to rhythm of production by scientifically organizing production, planning
the coordinating the crew, fly and marketing; in the premise of optimizing the own net, positively obtained the superior freedoms of
air and moment resources, orderly reformed the airlines impacted by the high-speed rail, reasonably arranged the transport capacity,
and the main business performance kept at the industry-leading level even in the stagnant market environment.
(IV) Implement service improvement project, quality of service achieved greater improvement
Carried forward the “Four Stars Service” plan, greatly improved the service quality, strengthened the service supervisory
management, realized multi-dimensional evaluation and analysis, increased the input of service facilities, promoted the passenger
experience; formulated and implemented the “Plan for brand construction of Shandong Airlines in 2012”, the overall score of
passenger satisfaction survey reached 89.38, increasing by 2.66 points on year-on-year basis, customer complaint rate was 0.83 times
per ten thousand person-time, decreasing by 0.34 times per ten thousand person-time, the brand value reached 10.575 billion yuan,
and ranked to 136.
4. Relevant items involving financial report
(1) Explanation on changes on accounting policies, accounting estimation and calculation compare with last
annual report
There is no change on accounting policies, accounting estimation and calculation in the report period.
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Shandong Airlines Co., Ltd. Summary of Annual Report for 2012
(2)Particular about major accounting errors correction that needs retroactive re-statement in reporting
period
There is no particular about major accounting errors correction that needs retroactive re-statement in reporting period.
(3) Compare with last year’s financial report; explain changes in consolidation statement’s scope
The consolidated financial statement’s scope of this annual was consistent with last year’s.
(4)Explanation on “Qualified Opinion” from the Certified Public Accountants in the report period by the
Board of Directors and Supervisory Committee
RSM China Certified Public Accountants LLP carries out a standard unqualified auditors’ report for the Company.
Board of Directors of
Shandong Airlines Co., Ltd.
March 15, 2013
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