FIRST QUARTERLY REPORT OF 2023

RNS Number : 6831X

Air China Ld

27 April 2023

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國國際航空股份有限公司

AIR CHINA LIMITED

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00753)

FIRST QUARTERLY REPORT OF 2023

This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of Air China Limited (the "Company") held a meeting of the Board on 26 April 2023 and passed the resolution approving the first quarterly report of 2023 of the Company for the period ended 31 March 2023 (the "Reporting Period" or "Period") prepared in accordance with the PRC Accounting Standards for Business Enterprises.

IMPORTANT NOTICE

The Board and the supervisory committee of the Company together with the directors, supervisors and the senior management of the Company guarantee that the contents of the quarterly report are true, accurate and complete and do not contain any false representation, misleading statement or material omission, and shall jointly and severally accept legal liability.

The person in charge of the Company, person in charge of accounting function and person in charge of accounting department (accounting superintendent) hereby guarantee that the financial information set out in this quarterly report are true, accurate and complete.

Whether the first quarterly report of the Company is audited

（）Yes （√） No

I. MAJOR FINANCIAL DATA

(1) MAJOR ACCOUNTING DATA AND FINANCIAL INDICATORS

Unit: RMB'000

Items	During the Reporting Period	Increase/ decrease as compared to the same period of the previous year (%)

Revenue	25,067,711	94.06
Net profit attributable to shareholders of the listed company	-2,926,407	N/A
Net profit attributable to shareholders of the listed company after deducting non-recurring profits and losses	-3,017,904	N/A
Net cash flow from operating activities	6,796,158	N/A
Basic earnings per share (RMB per share)	-0.19	N/A
Diluted earnings per share (RMB per share)	N/A	N/A
Weighted average return on net assets (%)	-8.03	Increased by 7.61 percentage points

	At the end of the Reporting Period	At the end of the previous year	Increase/ decrease at the end of the Reporting Period as compared to the end of the previous year (%)

Total assets	345,152,642	295,011,335	17.00
Owners' equity attributable to shareholders of the listed company	35,325,730	23,609,134	49.63

(2) Items and amount of non-recurring profits and losses

Unit: RMB'000

Items	Amount for the Period

Gains or losses on disposal of non-current assets	18,082
Government subsidies recorded in profit or loss for the current period (excluding those closely related to the Company's normal business operations and continuously entitled to in fixed amounts or quotas in accordance with the requirements of the state policy)	84,517
Gain or loss from change in fair value by holding tradable financial assets, derivative financial assets, tradable financial liabilities and derivative financial liabilities, and investment income from disposal of tradable financial assets, derivative financial assets, tradable financial liabilities and derivative financial liabilities as well as other debt investments, excluding the effective hedging businesses related with the normal operations of the Company	-271
Reversal of provision for impairment of receivable and contract assets that have undergone impairment test alone	2,425
Other non-operating income and expenses besides the above items	19,792
Less: Effect of income tax	6,644
Effect of non-controlling interests (after tax)	26,404


Total	91,497

Explanation of non-recurring profits and losses items listed in the "Interpretative

Announcement for Information Disclosure of Companies That Issue Securities to the Public No.1 - Non-recurring Profits and Losses" (《公開發行證券的公司信息披露解釋性公告第1號－非經常性損益》) which are defined as recurring profits and losses items

（）Applicable （√） Not applicable

(3) Particulars of, and reasons for, changes in major accounting data and financial indicators

（√）Applicable （） Not applicable

Items	Percentage of Change (%)	Major Reasons

Revenue	94.06	With the increase in deployment of transportation capacity by the Company, and driven by the increase in both passenger load factor and price, the revenue increased significantly.
Net profit attributable to shareholders of the listed company	N/A	With the increase in deployment of transportation capacity by the Company, and driven by the increase in both passenger load factor and price, the loss decreased significantly.
Net profit attributable to shareholders of the listed company after deducting nonrecurring profits and losses	N/A	With the increase in deployment of transportation capacity by the Company, and driven by the increase in both passenger load factor and price, the loss decreased significantly.
Net cash flow from operating activities	N/A	With the increase in deployment of transportation capacity by the Company, and driven by the increase in both passenger load factor and price, the revenue increased significantly.
Basic earnings per share (RMB per share)	N/A	With the increase in deployment of transportation capacity by the Company, and driven by the increase in both passenger load factor and price, the loss decreased significantly.
Owners' equity attributable to shareholders of the listed company	49.63	The non-public issuance of A shares by the Company during the Reporting Period.

II. INFORMATION OF SHAREHOLDERS

(1) Total number of holders of ordinary shares, the number of holders of preference shares with restored voting rights and the particulars of the top 10 shareholders

Unit: share

Total number of holders of ordinary shares as at the end of the Reporting Period

126,705

Total number of holders of preference shares with restored voting rights as at the end of the Reporting Period (if any)

Particulars of the top 10 shareholders
Name of shareholder	Nature of shareholder	Number of shares held	Shareholding percentage	Number of shares held subject to selling restrictions	Shares pledged, marked or frozen
Name of shareholder	Nature of shareholder	Number of shares held	Shareholding percentage	Number of shares held subject to selling restrictions	Status	Number
			(%)

China National Aviation Holding Corporation Limited	State-owned legal person	6,566,761,847	40.53	614,525,150	Frozen	127,445,536
Cathay Pacific Airways Limited	Foreign legal person	2,633,725,455	16.26	0	Nil	0
HKSCC NOMINEES LIMITED	Foreign legal person	1,688,739,345	10.42	0	Nil	0
China National Aviation Corporation (Group) Limited	Foreign legal person	1,556,334,920	9.61	0	Frozen	36,454,464
China Securities Finance Corporation Limited	Other	311,302,365	1.92	0	Nil	0
China National Aviation Fuel Group Corporation	State-owned legal person	241,079,458	1.49	167,597,765	Nil	0
UBS AG	Other	218,305,765	1.35	218,212,290	Nil	0
Hong Kong Securities Clearing Company Ltd.	Foreign legal person	125,260,731	0.77	0	Nil	0
China Structural Reform Fund Co., Ltd.	State-owned legal person	67,039,106	0.41	67,039,106	Nil	0
Basic Pension Fund 15022 Portfolio	Other	58,092,370	0.36	22,346,368	Nil	0

Particulars of the top 10 shareholders not subject to selling restrictions
Name of shareholder	Number of tradable shares held not subject to selling restrictions	Class and number of shares
Name of shareholder		Class	Number

China National Aviation Holding Corporation Limited	5,952,236,697	RMB ordinary shares	5,952,236,697
Cathay Pacific Airways Limited	2,633,725,455	Overseas listed foreign shares	2,633,725,455
HKSCC NOMINEES LIMITED	1,688,739,345	Overseas listed foreign shares	1,688,739,345
China National Aviation Corporation (Group) Limited	1,556,334,920	RMB ordinary shares	1,332,482,920
		Overseas listed foreign shares	223,852,000
China Securities Finance Corporation Limited	311,302,365	RMB ordinary shares	311,302,365
Hong Kong Securities Clearing Company Ltd.	125,260,731	RMB ordinary shares	125,260,731
China National Aviation Fuel Group Corporation	73,481,693	RMB ordinary shares	73,481,693
Industrial Bank Co., Ltd. - GF Ruiyi Leading Hybrid Securities Investment Fund (興業銀行股份有限公司- 廣發睿毅領先混合型證券投資基金)	50,751,766	RMB ordinary shares	50,751,766
Basic Pension Fund 15022 Portfolio	35,746,002	RMB ordinary shares	35,746,002
Agricultural Bank of China Limited - GF Balanced Preferred Hybrid Securities Investment Fund (中國農業銀行股份有限公司-廣發均衡優選混合型證券投資基金)	35,012,099	RMB ordinary shares	35,012,099
Explanation on connected relationship or action in concert among the above shareholders	China National Aviation Corporation (Group) Limited is a wholly-owned subsidiary of China National Aviation Holding Corporation Limited. Accordingly, China National Aviation Holding Corporation Limited is directly and indirectly interested in 50.14% of the shares of the Company.
Explanation on the participation of the top 10 shareholders and the top 10 shareholders not subject to selling restrictions in margin financing and securities lending as well as margin and securities refinancing business (if any)	Nil

1. HKSCC NOMINEES LIMITED is a subsidiary of The Stock Exchange of Hong Kong Limited and its principal business is acting as nominee for and on behalf of other corporate shareholders or individual shareholders. The 1,688,739,345 H shares held by it in the Company do not include the 166,852,000 shares held by it as nominee of CNACG.

2. According to the "Implementation Measures on Partial Transfer of State-owned Shares to the National Social Security Fund in the Domestic Securities Market" (Cai

Qi [2009] No. 94) (《境內證券市場轉持部分國有股充實全國社會保障基金實施辦

法》(財企[2009]94號)) and the Notice ([2009] No. 63) jointly issued by the Ministry

of Finance, the SASAC, China Securities Regulatory Commission and the National Council for Social Security Fund, 127,445,536 and 36,454,464 shares held by CNAHC, the controlling shareholder of the Company, and CNACG respectively are frozen at present.

III. OTHER ALERTS

Other important information that needs to be brought to the attention of investors regarding the Company's operations during the Reporting Period

（√）Applicable （） Not applicable

(1) During the Reporting Period, the Company completed the non-public issuance of 1,675,977,653 A shares at a price of RMB8.95/share for a total proceeds of RMB14,999,999,994.35. For details, please refer to the Announcement on Results of Non-Public Issuance of A Shares and Changes in Share Capital of Air China Limited, which was published by the Company on the website of the Shanghai Stock Exchange (http://www.sse.com.cn/), China Securities Journal, Shanghai Securities News and Securities Daily on 18 January 2023.

(2) As of 21 March 2023, the Company acquired the control of Shandong Aviation Group Company Limited ("Shandong Aviation Group Corporation"). Shandong Aviation Group Corporation and its subsidiaries within the scope of consolidation, including Shandong Airlines Co., Ltd., will be consolidated into the financial statements of the Company. For details, please refer to the Announcement of Progress in relation to the Planning of Material Matters of Air China Limited, which was published by the Company on the website of the Shanghai Stock Exchange (http://www.sse.com.cn/), China Securities Journal, Shanghai Securities News and Securities Daily on 22 March 2023. As of the date of publication of this report, the audit of the consolidation date of the Shandong Aviation Group Corporation has not yet been completed and the actual amount of goodwill will be disclosed in the 2023 interim report of the Company.

(1)

IV. QUARTERLY FINANCIAL STATEMENTS

(1) Type of audit opinion

Applicable （√） Not applicable

(2) Financial statements

CONSOLIDATED BALANCE SHEET

31 March 2023

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

Items	31 March 2023	31 December 2022

CURRENT ASSETS:
Cash and bank balance	32,638,728	11,435,877
Provisions on payables
Contributions made
Financial assets held-for-trading	3,127	3,398
Derivative financial assets
Bills receivable	66,864	7,483
Accounts receivable	2,754,064	1,649,356
Receivables financing
Prepayments	534,029	368,692
Premium receivable
Receivables on reinsurance
Provisions for reinsurance contracts
Other receivables	3,278,291	2,807,726
Including: Interest receivable
Dividend receivable
Purchase of financial assets resold
Inventories	3,291,223	2,557,823
Contract assets
Held-for-sale assets		1,302
Non-current assets due within a year
Other current assets	2,872,895	3,413,474
Total current assets	45,439,221	22,245,131

Items	31 March 2023	31 December 2022

NON-CURRENT ASSETS:
Loans and advances
Debt investments
Other debt investments	1,362,741	1,360,982
Long-term receivables	554,211	539,624
Long-term equity investments	16,657,070	12,574,373
Investments in other equity instruments	682,537	243,760
Other non-current financial assets
Investment properties	360,522	106,118
Fixed assets	91,209,224	86,369,754
Construction in progress	38,344,929	32,908,551
Biological assets for production
Oil and gas assets
Right-of-use assets	130,599,187	122,591,793
Intangible assets	4,851,646	4,300,216
Development expenses
Goodwill	1,102,185	1,102,185
Long-term deferred expenses	263,409	249,268
Deferred tax assets	13,718,562	10,417,452
Other non-current assets	7,198	2,128
Total non-current assets	299,713,421	272,766,204
Total assets	345,152,642	295,011,335
CURRENT LIABILITIES:
Short-term loans	32,133,910	19,946,147
Short-term financing bonds payable	2,015,075	2,006,149
Borrowings from central bank
Contributions received
Financial liabilities held-for-trading
Derivative financial liabilities
Bills payable	514,038
Accounts payable	18,652,262	11,628,611
Air traffic liabilities	4,233,344	2,757,601
Receipts in advance	58,970	58,970
Contract liabilities	1,429,008	1,095,185
Sale of financial assets repurchased
Deposits from clients and placements from other banks
Brokerage payable
Underwriting fees payable
Employee compensations payable	4,597,600	4,317,738
Taxes payable	309,667	275,930
Other payables	11,364,466	13,131,744
Including: Interest payable
Dividend payable
Fees and commissions payable

Items	31 March 2023	31 December 2022

Amounts payable on reinsurance
Held-for-sale liabilities
Non-current liabilities due within a year	38,636,942	37,264,533
Other current liabilities
Total current liabilities	113,945,282	92,482,608

NON-CURRENT LIABILITIES:
Reserves on insurance contracts
Long-term loans	76,414,970	66,868,774
Debentures payable	11,194,159	11,193,342
Including: Preference shares
Perpetual bonds
Lease liabilities	79,997,283	76,897,347
Long-term payables	27,288,413	20,551,757
Long-term employee compensation payables	203,659	202,016
Accrued liabilities	4,259,841	3,090,965
Deferred income	495,686	418,200
Deferred tax liabilities	589,095	323,297
Other non-current liabilities	1,422,288	1,422,843
Total non-current liabilities	201,865,394	180,968,541
Total liabilities	315,810,676	273,451,149

OWNERS' EQUITY (OR SHAREHOLDERS' EQUITY):
Paid-up capital (or share capital)	16,200,793	14,524,815
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserve	39,587,880	26,270,841
Less: Treasury shares
Other comprehensive income	-75,101	421,075
Special reserves
Surplus reserves	11,564,287	11,564,287
General risk provisions	137,138	137,138
Retained earnings	-32,089,267	-29,309,022
Total owners' equity (or shareholders' equity) attributable to the parent company	35,325,730	23,609,134
Non-controlling interests	-5,983,764	-2,048,948
Total owners' equity (or shareholders' equity)	29,341,966	21,560,186
Total liabilities and owners' equity (or shareholders' equity)	345,152,642	295,011,335

Person in charge of the Company: Mr. Ma Chongxian Person in charge of accounting function: Mr. Sun Yuquan Person in charge of accounting department: Mr. Lyu Lingfei

CONSOLIDATED INCOME STATEMENT

January to March 2023

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

Items	First quarter of 2023	First quarter of 2022

I. Total revenue from operations	25,067,711	12,917,577
Including: Operating income	25,067,711	12,917,577
Interest income
Premium earned
Fees and commission income

II. Total operating cost	29,749,323	23,144,688
Including: Operating costs	26,319,512	19,688,533
Interest expenses
Fees and commission expenses
Returned premium
Net reimbursement paid
Net amounts of provisions on insurance obligations drawn
Bonus paid on insurance policy
Reinsurance premium
Taxes and other levies	69,991	52,195
Selling expenses	1,120,191	1,048,349
General and administrative expenses	1,110,720	1,066,408
R&D expenses	69,676	38,099
Finance expenses	1,059,233	1,251,104
Including: Interest expenses	1,684,838	1,500,782
Interest income	109,982	29,366
Add: Other income	628,577	613,591
Investment income (loss is represented by "-" sign)	737,421	-842,440
Including: Share of profits of associates and joint ventures	725,728	-853,876
Gains on derecognition of financial assets measured at amortised cost
Exchange gains (loss is represented by "-" sign)
Gains from net exposure to hedging (loss is represented by "-" sign)
Gains from changes in fair value (loss is represented by "-" sign)	-271	-657
Impairment loss of credit (loss is represented by "-" sign)	-4,422	4,948
Impairment loss of assets (loss is represented by "-" sign)
Gains from disposal of assets (loss is represented by "-" sign)	25,361	1,193

Items	First quarter of 2023	First quarter of 2022

III. Profit from operations (loss is represented by "-" sign)	-3,294,946	-10,450,476
Add: Non-operating income	23,216	27,255
Less: Non-operating expenses	10,703	17,989

IV. Total profit (total loss is represented by "-" sign)	-3,282,433	-10,441,210
Less: Income tax expenses	-8,785	-569,551

V. Net profit (net loss is represented by "-" sign)	-3,273,648	-9,871,659
(I) Classified by continuity of operations
1. Net profit from continuing operations (net loss is represented by "-" sign)	-3,273,648	-9,871,659
2. Net profit from discontinued operation (net loss is represented by "-" sign)
(II) Classified by ownership
1. Net profits attributable to shareholders of the parent company (net loss is represented by "-" sign)	-2,926,407	-8,899,923
2. Profit or loss attributable to non-controlling interests (net loss is represented by "-" sign)	-347,241	-971,736

VI. Other comprehensive income after tax, net	-362,071	-138,086
(I) Other comprehensive income after tax attributable to owners of the parent company, net	-350,014	-126,834
1. Other comprehensive income that cannot be subsequently reclassified to profit or loss	-19,768	-8,021
(1) Changes arising on remeasurement of defined benefit plans
(2) Other comprehensive income accounted for using the equity method that cannot be reclassified to profit or loss
(3) Change in fair value of investments in other equity instruments	-19,768	-8,021
(4) Change in fair value of own credit risk of the Company

Items	First quarter of 2023	First quarter of 2022

2. Other comprehensive income that will be reclassified to profit or loss	-330,246	-118,813
(1) Other comprehensive income accounted for using the equity method that may be reclassified to profit or loss
(2) Change in fair value of other debt investments	-748
(3) Amount of financial assets reclassified into other comprehensive income
(4) Provisions for credit impairment of other debt investments	-405
(5) Reserve for cash flow hedging
(6) Exchange difference on translation of financial statements in foreign currency	-329,093	-118,813
(7) Others
(II) Other comprehensive income after tax attributable to non-controlling interests, net	-12,057	-11,252

VII. Total comprehensive income	-3,635,719	-10,009,745
(I) Total comprehensive income attributable to owners of the parent company	-3,276,421	-9,026,757
(II) Total comprehensive income attributable to non-controlling interests	-359,298	-982,988

VIII. Earnings per share:
(I) Basic earnings per share (RMB per share)	-0.19	-0.65
(II) Diluted earnings per share (RMB per share)	N/A	N/A

For business combination under common control during the Period, the net profit of merged party before the business combination is nil, and the net profit of the merged party for the last period is nil.

Person in charge of the Company: Mr. Ma Chongxian Person in charge of accounting function: Mr. Sun Yuquan Person in charge of accounting department: Mr. Lyu Lingfei

CONSOLIDATED CASH FLOW STATEMENT

January to March 2023

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

Items	First quarter of 2023	First quarter of 2022

I. Cash flows from operating activities:
Cash received from sales of goods and provision of services	28,280,057	14,657,731
Net increase in deposits from clients and placements from banks
Net increase in borrowings from central bank
Net increase in contributions received from other financial institutions
Cash received from premiums of original insurance contracts
Net cash receipt from reinsurance operations
Net increase in reserve of the insured and investment
Cash received from interest, fees and commission
Net increase in contributions received
Net increase in cash from repurchase operations
Net cash receipt from securities trading as agent
Refund of taxes and levies	583,713	9,761
Other cash received relating to operating activities	1,340,351	1,204,029
Subtotal of cash inflows of operating activities	30,204,121	15,871,521
Cash paid for goods purchased and services received	12,538,632	9,480,709
Net increase in loans and advances to clients
Net increase in deposits in central bank and other banks
Cash paid in respect of claims under original insurance contracts
Net increase in contributions made
Cash paid for interest, fees and commissions
Cash paid for bonus paid on insurance policy
Cash paid to or on behalf of employees	7,184,047	6,550,937
Taxes and levies paid	353,582	236,815
Other cash paid relating to operating activities	3,331,702	7,261,889
Subtotal of cash outflows from operating activities	23,407,963	23,530,350
Net cash flows from operating activities	6,796,158	-7,658,829

Items	First quarter of 2023	First quarter of 2022

II. Cash flows from investing activities:
Cash received from sale and redemption of investments	231,633	30,061
Cash received from investment income	24,479	22,064
Net cash proceeds from disposal of fixed assets, intangible assets and other long-term assets	22,930	233,921
Net cash proceeds from disposal of subsidiaries and other business units
Other cash received relating to investing activities	5,513,783	76,675
Subtotal of cash inflows from investing activities	5,792,825	362,721
Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets	2,266,548	1,466,844
Cash paid for investments	94,801	794,343
Net increase in secured loans
Net cash payments for acquisition of subsidiaries and other business units
Other cash paid relating to investing activities	3,397	1,554
Subtotal of cash outflows from investing activities	2,364,746	2,262,741
Net cash flows from investing activities	3,428,079	-1,900,020

III. Cash flows from financing activities:
Cash received from issuance of debentures		5,750,000
Cash received from capital injection	14,993,017
Including: Cash received from capital injection of non-controlling shareholders in subsidiaries
Cash received from borrowings	13,814,652	15,029,966
Other cash received relating to financing activities
Subtotal of cash inflows from financing activities	28,807,669	20,779,966
Cash paid for repayment of borrowings	4,505,775	7,581,824
Cash paid for repayment of debentures	6,000,000	3,250,000
Cash paid for distribution of dividends, profits or payment of interest expenses	1,936,187	1,588,383
Including: Dividends and profits paid to non-controlling shareholders by subsidiaries
Other cash paid relating to financing activities	5,120,329	3,516,104
Subtotal of cash outflows from financing activities	17,562,291	15,936,311
Net cash flows from financing activities	11,245,378	4,843,655

Items	First quarter of 2023	First quarter of 2022

IV. Effect of exchange rate changes on cash and cash equivalents	-25,125	-7,693

V. Net increase in cash and cash equivalents	21,444,490	-4,722,887
Add: Balance of cash and cash equivalents as at the beginning of the Period	10,607,711	15,934,713

VI. Balance of cash and cash equivalents as at the end of the Period	32,052,201	11,211,826

Person in charge of the Company: Mr. Ma Chongxian Person in charge of accounting function: Mr. Sun Yuquan Person in charge of accounting department: Mr. Lyu Lingfei

(3) Adjustments made to the financial statements as at the beginning of the year for the initial implementation of New Accounting Standards or interpretation of standards since 2023

（）Applicable （√）Not applicable

By Order of the Board

Air China Limited

Huang Bin Huen Ho Yin

Joint Company Secretaries

Beijing, the PRC, 26 April 2023

As at the date of this announcement, the directors of the Company are Mr. Ma Chongxian, Mr. Wang Mingyuan, Mr. Feng Gang, Mr. Patrick Healy, Mr. Xiao Peng, Mr. Li Fushen*, Mr. He Yun*, Mr. Xu Junxin* and Ms. Winnie Tam Wan-chi*.

* Independent non-executive director of the Company

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END

QRFSEUSMWEDSELL

TIDM	AIRC
Share Price	54.42p13.41%

TIDM	AIRC
Share Price	54.42p13.41%

Date	27 Apr 2023
Time	07:53:41
Category	Results
ID	6831X

t

Company Information

AI Summary

RNS Metadata

FIRST QUARTERLY REPORT OF 2023

IMPORTANT NOTICE

I. MAJOR FINANCIAL DATA

(2) Items and amount of non-recurring profits and losses

(3) Particulars of, and reasons for, changes in major accounting data and financial indicators

II. INFORMATION OF SHAREHOLDERS

(1) Total number of holders of ordinary shares, the number of holders of preference shares with restored voting rights and the particulars of the top 10 shareholders

III. OTHER ALERTS

IV. QUARTERLY FINANCIAL STATEMENTS

(1) Type of audit opinion

CONSOLIDATED BALANCE SHEET

CONSOLIDATED INCOME STATEMENT

CONSOLIDATED CASH FLOW STATEMENT

(3) Adjustments made to the financial statements as at the beginning of the year for the initial implementation of New Accounting Standards or interpretation of standards since 2023

Air China Limited

Huang Bin Huen Ho Yin

Company Information

AI Summary

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