CHINA EAST AIR (00670) issues profit warning, expecting a net loss attributable to the mother of approximately 1.3 to 1.8 billion yuan in 2025.

China East Air (00670) announced that, according to Chinese Enterprise Accounting Standards, it is expected that the total profit for the year 2025 will be approximately RMB 200-300 million, the net loss attributable to the shareholders of the listed company is expected to be approximately RMB 1.3-1.8 billion, and the net loss attributable to the shareholders of the listed company after deducting non-recurring gains and losses is expected to be approximately RMB 2.7-3.3 billion. In the year 2024, the company had a total loss of RMB 3.904 billion, the net loss attributable to the shareholders of the listed company was RMB 4.226 billion, and the net loss attributable to the shareholders of the listed company after deducting non-recurring gains and losses was RMB 4.983 billion. In 2025, the overall operation of China's economy is stable and progressing steadily, and the civil aviation passenger market is showing a steady development trend. The company insists on solidifying the safety foundation, continuously optimizing the route network layout, actively enhancing marketing capabilities, constantly innovating service quality, deeply promoting business and finance integration and cost control, accelerating digital transformation, and significantly improving operational efficiency. The company completed a total transport turnover of 27.981 billion ton-kilometers for the year, with a passenger transport volume of nearly 150 million passengers, representing a year-on-year increase of 10.82% and 6.68% respectively. The total profit is expected to be between RMB 200-300 million, achieving a turnaround from losses to profits. According to accounting standards, the company recognized deferred tax assets from the reversal of some of the previous deductible losses, increasing income tax expenses, resulting in a negative net profit attributable to the shareholders of the listed company.