Summary by Futu AI
China Eastern Airlines Corporation Limited (referred to as "the Company") released the 2024 interim performance report on August 30, 2024. The report shows that the Company achieved revenue of 64.199 billion RMB in the first half of 2024, a year-on-year increase of 29.67%; the net loss attributable to the equity holders of the Company was 2.768 billion RMB, a decrease of 3.49 billion RMB compared to the same period last year. As of June 30, 2024, the total assets of the Company amounted to 274.919 billion RMB, with an asset-liability ratio of 85.40%. There were no significant litigations, arbitrations, or claims during the reporting period, and the Company complied with relevant laws and regulations. The Board of Directors did not recommend the distribution of interim dividends. In addition, the Board of Directors of the Company approved several important proposals, including share repurchases and cancellation, capital increase in Shanghai Airlines Co., Ltd., among others. There were changes in the Board of Directors of the Company, including the election of several independent non-executive directors and the departure of employee directors.