Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2014
ShanDong Airlines Co., ltd.
Summary of Semi-Annual Report 2014
1. Important Notice
The summary of semi-annual report is excerpted from the full text of the semi-annual report. For the details, investors should
carefully read the full text of the semi-annual report published on Juchao Information website (www.cninfo.com.cn) and Shenzhen
Stock Exchange Website etc., appointed by CSRC.
Company Profile
Short form of the stock SHANHANG B Stock code 200152
Listing stock exchange Shenzhen Stock Exchange
Contact person and ways Secretary of the Board Rep. of securities affairs
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 accounting data and Changes of shareholders
(1)Main accounting 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
Increase/decrease in this
Current period Same period of last year
report y-o-y (%)
Operating revenue (RMB) 5,564,290,182.81 5,524,710,931.04 0.72%
Net profit attributable to shareholders of
46,730,122.59 82,366,027.52 -43.27%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -17,803,680.48 17,509,015.92 -201.68%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
677,852,376.10 369,369,632.79 83.52%
activities(RMB)
Basic earnings per share (RMB/Share) 0.12 0.21 -42.86%
Diluted earnings per share (RMB/Share) 0.12 0.21 -42.86%
1.59 percentage points
Weighted average ROE (%) 1.71% 3.30%
down
Increase/decrease over
End of current Period End of period of last year same period-end of last
year (%)
Total assets (RMB) 11,992,779,434.30 11,403,124,428.82 5.17%
Net assets attributable to shareholder of
2,654,867,786.59 2,708,137,664.00 -1.97%
listed company (RMB)
(2) Particulars about the common stock held by the top shareholders
Total shareholders with
common stock held at 17,153
period-end
Top ten shareholding of common stock
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Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2014
Proportion Shares pledge or frozen
Amount of Amount of
Shareholders Nature of shares non-tradable
shares held State of
stocks held Amount
held share
Shandong Aviation State-owned
42.00% 168,004,000 168,004,000
Group corporate
State-owned
Air China Limited 22.80% 91,200,000 91,200,000
corporate
GUOTAI JUNAN
Overseas
SECURITIES(HONGK 0.89% 3,576,056 0
corporate
ONG) LIMITED
Domestic
Yao Ming 0.60% 2,409,658 0
nature person
WANXIANG
INTERNATIONAL Overseas
0.45% 1,800,000 0
INVESTMENT corporate
CORPORATION
Domestic
Chen Jingjian 0.36% 1,438,800 0
nature person
BOCI SECURITIES Overseas
0.33% 1,334,387 0
LIMITED corporate
NAV CANADA Overseas
0.26% 1,052,295 0
PENSION PLAN corporate
Domestic
Ou Yanping 0.24% 969,100 0
nature person
Overseas
HUANG LIU LIA 0.23% 918,917 0
nature 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
Explanation on related relationship or shares of the Company on behalf of the State with unlisted shares;
concerted action among the 3. Among the above top ten shareholders, Air China Limited is the first largest
abovementioned shareholders shareholder of the SDA, 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) Particulars about the shares held by the top ten preferred shareholders
There in no particular about the shares held by the preferred shareholder in Period.
(4)Changes of controlling shareholders or actual controller
Changes of controlling shareholders had no change in reporting period.
Changes of actual controller in reporting period had no change in reporting period.
3. Discussion and analysis of management
Since the beginning of the year, facing the complicated and severe safety benefit situations, the Company has unswervingly adhered
to the prudent operation, taken innovating the management and control and improving the quality and efficiency as the main line,
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Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2014
promoted and implemented ten strategic management points, continued to improve the safety control, operation control, benefit
control, service control and strategic control, actively implemented the adjustment to the strategic resource structure, maintained a
relatively stable trend of production and operations, and achieved rather satisfactory business performance.
(I) strengthen the infrastructure of security control, and the production safety situation is stable
In the first half year, the company has guaranteed the safety flight of 134,000 hours and 71,000 sorties, respectively increased by
11.2% and 11.4% year on year, and no transport and aviation accident proneness caused by the company has occurred. The safety
quality evaluation index was 10.48, and security situation was stable. The Company has effectively promoted the construction of the
safety supervision and management system, strengthened the supervision and assessment to the branch offices, established the
outside regulatory and evaluation system, developed the assessment implementation rules, optimized the risk management tools,
introduced the key risk warning mechanism, warned and analyzed the key risks and significant sources of danger; carried out the
activity of "Hundred Days of Problem Solving, Safety Census", rectified and reformed, implemented and verified the problems
according to the requirements, enhanced the closed-loop management to the causes of accidents and unsafe events, deepened the
flight quality monitoring, improved the cabin safety management level, continued to strengthen the management and control to the
key links and personnel upgraded the air security warning systems, strengthened the monitoring to the key links and key personnel,
accurately grasped the aviation security situation, improved the working mechanism of security and protection, promoted the special
governance to the ground protection and safety, and the air defense and ground security governance have been effectively
implemented.
(II) Pay close attention to the normal flight management, operational efficiency has improved organization
The Company has been constantly optimizing and completing the flight control measures, the regularity of the starting and release
has been improved significantly, and the professional support capability of transport and control has been enhanced. From January to
March, the average flight punctuality rate was 78.17%, ranked first in the civil aviation; in April, the Civil Aviation Administration
carried out the new flight punctuality management approaches, and the flight punctuality rate was 67.45%, ranked sixth in the civil
aviation; successfully guaranteed 26 flights for the "two sessions" and the defense transportations and the flights above special III
(included), and the flight punctuality rate was 88.46%.
(III) Intensify the efforts to increase revenue and reduce expenditure and the benefits almost conform to the expectations
In the first half year, the company has completed the total transport turnover of 950 million ton-kilometer, the passenger transport
volume of 7.44 million person-time, total mail volume of 70,000 tons, respectively increased by 15.1%, 14.7% and 14.4%; achieved
the operating income of 5,564,290,182.81 Yuan, increase by 0.72% year on year, and net profit of 46,730,122.59 Yuan, reduced by
43.27% year on year. The company has strengthened the linkage between the production and marketing departments, strengthened
the management and control to the key aspects such as the aircraft availability, crew scheduling, flight speed, and flight arrangement,
etc., and maintained the high resource use efficiency; the e-commerce channel has been effectively integrated and developed, and the
channel sales capability has been strengthened; many measures have been taken to promote the energy saving and emission reduction,
the cost control system and means have been improved, and the task to increase revenue and reduce expenditure has achieved the
practical results.
(IV) Improve and optimize the service control and the service quality continues to improve
In the first half year, the company has continued to enhance the star level of the service, the service has been improved, and the
service management and control capabilities have been further enhanced. The overall score of CSS (customer satisfaction survey)
reaches 91.3, which has increased by 1.71 scores on a year-on-year basis and exceeded 1.71 scores compared with the target at the
beginning of the year; the effective customer complaint rate is 0.24 piece/ten thousand person-time, which has reduced by 0.32
piece/ten thousand person-time on a year-on-year basis and is below the index the company made at the beginning of the year; the
company has obtained the title of “China’s 500 Most Valuable Brands” for seven consecutive years, its brand value has reached
18.272 billion Yuan, which has increased by 2.986 billion Yuan compared with the previous year and moved up 9 rankings to No.
112.
4. Matters relevant to financial report
(1)Particulars about the changes in aspect of accounting policy, estimates and calculation method compared
with the financial report of last year
There is no particular about the changes in aspect of accounting policy, estimates or calculation method in Period.
(2)Particulars about retroactive restatement on major correction for accounting errors in reporting period
There is no particular about retroactive restatement on major correction for accounting errors in reporting period.
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Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2014
(3)Particulars about the change of consolidation range compared with the financial report of last year
Consolidation range has no changed in the Period.
(4)Explanation from the Board and Supervisory Committee for “Qualified Opinion” from the CPA of this
year’s
Nil
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