Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2015
SHANDONG AIRLINES CO., LTD.
Summary of Semi-Annual Report 2015
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 over same
Current Period Same period of last year
period of last year
Operating revenue (RMB) 5,713,724,522.71 5,564,290,182.81 2.69%
Net profit attributable to shareholders of
216,806,873.69 46,730,122.59 363.96%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 181,539,241.57 -17,803,680.48 -1,119.67%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
781,582,655.71 677,852,376.10 15.30%
activities(RMB)
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Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2015
Basic earnings per share (RMB/Share) 0.54 0.12 350.00%
Diluted earnings per share (RMB/Share) 0.54 0.12 350.00%
Weighted average ROE (%) 7.32% 1.71% 5.61 percentage points up
Increase/decrease over same
End of current Period End of period of last year
period-end of last year
Total assets (RMB) 11,983,373,086.05 12,118,867,620.51 -1.12%
Net assets attributable to shareholder of
3,038,358,570.12 2,878,120,380.35 5.57%
listed company (RMB)
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Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2015
(2) Particulars about the common stock held by the top shareholders
In Share
Total shareholders with common stock held at
13,692
period-end
Top ten shareholding of common stock
Proportion of Amount of Shares pledge or frozen
Amount of non-tradable
Shareholders Nature
shares held shares held stocks held State of share Amount
State-owned
Shandong Aviation Group 42.00% 168,004,000 168,004,000
corporate
State-owned
Air China Limited 22.80% 91,200,000 91,200,000
corporate
CHINA INT'L CAPITAL
Overseas
CORP HONG KONG 1.46% 5,855,500 0
corporate
SECURITIES LTD
GUOTAI JUNAN
Overseas
SECURITIES(HONGKO 0.69% 2,754,487 0
corporate
NG) LIMITED
WANXIANG
INTERNATIONAL Overseas
0.55% 2,180,000 0
INVESTMENT corporate
CORPORATION
Domestic
Chen Jingjian 0.37% 1,494,800 0
nature person
CREDIT SUISSE AG Overseas
0.35% 1,394,450 0
HONG KONG BRANCH corporate
Domestic
Xie Qingjun 0.33% 1,337,287 0
nature person
Domestic
Ye Qufa 0.28% 1,111,650 0
nature person
CREDIT SUISSE (HONG Overseas
0.26% 1,021,262 0
KONG) LIMITED corporate
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;
Explanation on related relationship or 2. Air China Limited is the second largest shareholder of the Company, who holds the
concerted action among the shares of the Company on behalf of the State with unlisted shares;
abovementioned shareholders
3. Among the above top ten shareholders, Air China Limited is the first largest
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
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Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2015
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.
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Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2015
3. Discussion and analysis of management
From the beginning of the year, under the twelfth five year plan and our annual strategy target, we promoted
safety management system construction, improved operation guarantee efficiency, built quality service brand,
maintained sound and stable development and obtained relatively satisfying operating and management results.
(I)Maintain solid safety management basis to keep steady safety situation
During the first half year, our major transportation operations guaranteed safety flight with 147,600 hours and
74,300 flights in total, representing increase of 10.55％ and 4.55％ respectively. There was no transportation
aviation accident symptom and other non-safe incident occurred due to our reasons and external engagement
reasons. The Company was rated with 10.27 in terms of safety quality evaluation, remarking stable safety
situation. The Company further strengthened safety management by laws and safety management responsibility
was further accounted for. It further intensified construction of safety system, standardized qualification
management system, continued to perfect closed-loop management mechanism and commenced pilot
management in respect of safety performance. In addition, the Company actively promoted application of new
civil aviation technology. Through focus on governance on key aspects and rectification of unlawful issues, the
Company was able to further emphasize safety working awareness.
(II)Strengthen system management and steady improvement in guaranteed operation capability
The average flight punctuation rate for the first half year was 70.54%, representing an increase of 10.73
percentage points, ranking the first among the major airlines. Through perfecting management mechanism over
flights, the Company was enabled to keep good punctuation rate. Leveraging on performance evaluation, the
Company focused on source management based on flight schedule factors and focused on external risk control
based on passengers, united check and other factors. The subjective reasons affecting flight punctuation rate for
the first half year decreased by 71.50%, and external reasons affecting the same decreased by 68.95%. Since the
Company strengthened construction of guaranteed capability in transportation control, it continued to benefit from
direction decision efficiency. Technology injection was made based on actual needs. Steady progress was
recorded in respect of information construction of transportation control system. It successfully completed works
relating to airline-switch in the new airport at Penglai, Yantai.
(III)Multiple measures taken to expand revenue sources and save costs which enabled the Company to
outperform its benefit target
During the first half year, the Company completed total delivery turnover of 1.041 billion tons kilometers,
representing an increase of 9.85%; delivered 7.984 million passengers in total, representing an increase of 7.30%;
recorded transportation volume concerning cargo freights of 69,600 tons, representing a decrease of 0.51%. It
realized major operating income of RMB 5.634 billion, representing an increase of 2.42%; realized net profit of
RMB 217 million, representing an increase of 363.96%. Through optimized operating organization and
transportation capacity allocation, production resources were effectively utilized. New transportation capacity was
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Shandong Airlines Co., Ltd. Summary of Semi-Annual Report 2015
positively absorbed, which consolidated our airline network’s competition. Besides, it continued to consolidate
advantages in terms of bases, in particular, the basic transportation capacity in Qingdao and Xiamen increased by
3 and 4 flights respectively on a year-on-year basis. New overnight bases were increased in Urumqi and Guiyang.
The Company received obvious effect by promoting refined marketing management, while profitability declined
accordingly. The Company increased resources in platform construction and product development, and
maintained competitive in e-business. Cost control was emphasized in general, bringing in satisfying cost control.
Cost awareness was strongly advocated, and benefit management was established by reference to production
organization, marketing achievement, cost control and policy utilization. Responsibility for cost control was
determined via quantization of indexes.
(IV)Carry out customer-oriented policy in general and continue to improve service quality
For the first half year, our overall score for CSS reached 93.78, with a year-on-year increase of 2.48 scores and
representing 2.78 scores higher than our initial target set at the beginning of the year. The effective customer
complaint rate was 0.21 pieces per 10,000 passengers, with a year-on-year decrease of 0.03 pieces per 10,000
passengers. The abnormal rate for package delivery was 0.000643 which was lower than our target set at the
beginning of the year. The Company was selected as “the best airlines providing civil aviation service” in 2014. In
2015, the brand value of Shandong Airlines substantially increased by RMB4.943 billion to RMB23.215 billion as
compared to last year, ranking No. 105 among “the top 500 brands with best value in China”.
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
(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
□Applicable √ Not applicable
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