China Eastern Logistics is about to release its 2021 annual report. According to the performance report released on March 2, the attributable net profit was 3.6258 billion yuan, a year-on-year increase of 53.07%.
Explanation of operating results and financial conditions in the performance bulletin announcement:
(I) Operating conditions, financial conditions and main factors affecting operating results during the reporting period
In 2021, the company will realize operating income of approximately RMB 22.227 billion, a year-on-year increase of 47.09%; net profit attributable to shareholders of the listed company will be approximately RMB 3.626 billion, a year-on-year increase of 53.07%; realize the deduction of non-recurring gains and losses attributable to shareholders of the listed company The net profit was approximately RMB 3.544 billion, a year-on-year increase of 54.68%.
In 2021, under the background of the gradual recovery of the world economy and the restructuring of the international supply chain, the transformation and upgrading of my country’s manufacturing industry will be accelerated, and the export scale of high-value-added goods such as high-tech products, consumer goods, investment equipment, chemicals, and biomedicine will be year-on-year. promote. At the same time, with the changes in the consumption patterns of domestic and foreign residents and the improvement of consumption capacity, high-quality products are gradually favored by consumers, the scale of the cross-border e-commerce industry is growing rapidly, and the demand for cross-border aviation logistics continues to flourish. During the reporting period, with the continuous evolution and development of the global epidemic, the international logistics supply chain recovered slowly, and the shortage of supply-side factor resources continued.
During the reporting period, the company steadily implemented the strategic layout, closely coordinated resource allocation, fully guaranteed customer needs, and seized development opportunities. Through measures such as increasing investment in transport capacity through multiple channels, optimizing the layout of the airline network, and improving the standardization process of cargo operations, we will fully tap the aviation logistics needs brought about by the transformation and upgrading of the manufacturing industry and consumption upgrades, and realize the rapid development of the aviation express sector. By vigorously promoting the district-port linkage model represented by the “one-stop flight service center”, vigorously developing charter customers, improving the ground kaban network and other measures to actively respond to the challenges of the epidemic, and further consolidate the market share of the ground comprehensive service sector. By strengthening the integration of aviation logistics resources, we will continue to deepen the market segments such as cross-border e-commerce, cross-border fresh supply chain, and special air cargo, and build the ability to provide “one-stop” logistics solutions in vertical fields, so as to establish a brand effect. Intensify the development of direct customers and realize the rapid growth of the integrated logistics solutions segment.
(2) Explanation on the main reasons for the increase or decrease of projects by more than 30%
During the reporting period, the company’s operating income, operating profit, total profit, net profit attributable to shareholders of the listed company, net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses, and basic earnings per share increased by 47.09% over the same period of the previous year, respectively. , 55.43%, 55.32%, 53.07%, 54.68%, 44.58%, the main reason is that during the reporting period, the company seized market development opportunities, optimized resource allocation, continued to optimize service products, improved operating efficiency, and achieved a substantial increase in operating performance.
At the end of the reporting period, the company’s total assets, owners’ equity attributable to shareholders of listed companies, and net assets per share attributable to shareholders of listed companies increased by 59.29%, 121.65%, and 99.42%, respectively, compared with the beginning of the reporting period. Factors such as the substantial improvement in operating performance, the availability of funds raised from the IPO, and the implementation of the new leasing standards for the first time in 2021.
The main business of China Eastern Airlines Logistics: Air Express, Ground Integrated Services and Integrated Logistics Solutions
The stock has been rated by 3 institutions in the past 90 days, 2 with buy rating and 1 with overweight rating; the average institutional target price in the past 90 days is 26.0.
The above content is organized by Securities Star based on public information. If you have any questions, please contact us.Return to Sohu, see more
Editor:
Statement: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.