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1、Tel.,Fax.,Shandong Airlines Co.,Ltd.,Summary of Semi-Annual Report 2012,Shandong Airlines Co.,Ltd.Summary of Semi-Annual Report 2012I.Important NotesBoard of Directors,Supervisory Committee,all directors,supervisors and senior executives ofShandong Airlines Co.,Ltd.(hereinafter referred to as the Co
2、mpany)hereby confirm that there areno any fictitious statements,misleading statements,or important omissions carried in this report,and shall take all responsibilities,individual and/or joint,for the reality,accuracy and completion ofthe whole contents.All directors are attending the Meeting for del
3、iberation and approval for the semi-annual report.Financial report of this semi-annual repot has not been audited by CPA.Zhang Xingfu,person in charge of the Company,Xu Guojian,person in charge of accounting works,and Wang Wuping,person in charge of accounting institution(accounting officer)hereby c
4、onfirmthe truthfulness and completeness of the Financial Report in the Semi-annual Report 2012.II.Company Profile(I)Company profile,Short form for B-stockCode for B-stockListing stock exchange,Shanhang B200152Shenzhen Stock Exchange,Secretary of the Board,Representative of security affairs,Name,Dong
5、 Qiantang,Fan Peng,Contact adds.,19/F,SDA Building,No.5746,Er 19/F,SDA Building,No.5746,ErHuan East Road,Jinan,Shandong Huan East Road,Jinan,Shandong,053185698229053185698679,053185698678053185698679,E-mail,(II)Major financial data and indexes1.Major accounting data and financial indexesWhether retr
6、oactive adjusted on previous financial report or not,Yes,No,Increase/decrease in this,End of this report period,End of last period,period-end over that oflast year(%),Total assets(RMB),10,505,185,661.23,9,772,985,545.97,7.49%,Owners equity attributable to,shareholders of the listed,2,080,267,300.97,
7、2,049,244,919.81,1.51%,company(RMB),Share capital(Share),400,000,000.00,400,000,000.00,0.00%,Net assets per share attributable to,shareholder of listed company,5.2,5.12,1.56%,(RMB/Share),Asset-liability ratio(%)Total business revenue(RMB)Business profit(RMB),80.2%Reporting period(Jan.to June)5,072,4
8、07,702.98224,271,348.25,79.03%Same period of last year4,322,532,092.31462,403,813.87,1.17 percentages points upIncrease/decrease in thisreport periodyear-on-year(%)17.35%-51.50%,1,-,Shandong Airlines Co.,Ltd.,Summary of Semi-Annual Report 2012,Total profit(RMB),254,384,133.10,471,886,182.46,-46.09%,
9、Net profit attributable to,shareholders of the listed company,191,022,381.16,354,185,295.46,-46.07%,(RMB)Net profit attributable to,shareholders of the listed companyafter deducting non-recurring gains,172,303,947.91,351,626,127.86,-51.00%,and losses(RMB),Basic earnings(RMB/Share)Diluted earnings(RM
10、B/Share),perper,shareshare,0.480.48,0.890.89,-46.07%-46.07%,Weighted average ROE(%)Weighted average ROE afterdeducting non-recurring gains/losses(%)Net cash flow arising from operatingactivities(RMB)Net cash flow per share arising fromoperating activities(RMB/Share),9.13%8.24%641,489,981.411.6,22.94
11、%22.78%833,321,188.672.08,13.81 percentages pointsdown14.54 percentages pointsdown-23.02%-23.08%,Explanation on former accounting data and financial index at period-end,Project,th30,June,2012,31st,December,2011,Increasinganddecreasingchanges%,Introductions to reasons ofincreasing and decreasingchang
12、es,Mainly due to receiving,Monetary capital,346,351,446.97,248,185,747.48,39.55%,cashes from the end,fund-raisingMainly due to the increase in,Payment in advance,65,692,293.46,41,348,446.65,58.87%,leasing aircraft and then theincrease in advance deposit,Mainly due to the increase inthe overhaul cost
13、s of accrued,Deferred income taxassets,306,289,060.23,230,402,218.41,32.94%,aircraft assets and deferredincome tax assetscorresponding to affirming,the reward points for frequentflyer,Transaction financialliabilitiesNotes payableEmployee paypayable,6,383,500.14171,987,247.15,2,145,521.10129,547,193.
14、34263,739,110.65,197.53%-100.00%-34.79%,Mainly due to the fair valuechanges of interest rate swapscontract held by the companyMainly due to the maturity ofbill of exchangeMainly due to the paymentfor 2011 annual bonus,January to June,2012,January to June,2011,Management fee,111,021,150.38,80,241,899
15、.17,38.36%,Mainly due to the increase inlabor costs at current period,Mainly due to the devaluation,Financial expenses,130,250,004.76,43,934,555.41,196.46%,of RMB,the exchangeearning becomes to exchange,loss compared with the2,-,Shandong Airlines Co.,Ltd.,Summary of Semi-Annual Report 2012correspond
16、ing period of lastyearMainly due to the calculation,Asset impairmentloss,81,973.79,783,970.23,-89.54%,determined by accountingpolicies for bad debt reserves,executed by the companyMainly due to the fair value,Gains arising fromchanges in fair value,-4,237,979.04,-2,006,791.66,111.18%,changes of inte
17、rest rate swapstransaction held by the,companyMainly due to increase individends from external,Income frominvestment,14,378,505.19,7,275,314.20,97.63%,investment at current periodand loss reduction in actualdelivery for the interest rate,swap transaction held by thecompany,Non-operatingincome,39,354
18、,859.38,17,819,973.11,120.85%,Mainly due to increase insubsidy for flight path,Mainly due to reduction in,Income tax expenses,63,361,751.94,118,333,075.76,-46.45%,profits and relevant income,tax expense,January to June,2012,January to June,2011,Mainly due to increase in,Cashes paid forothers related
19、 tooperating activities,62,953,082.50,26,736,517.36,135.46%,current funds for payingimport aviation materialsmargin at current period andincrease in scale,relevant,costs and expenses,Cashes paid foracquisition of fixedassets,intangibleassets and otherlong-term assetsCashes paid forinvestment,832,707
20、,582.78,555,500,516.8612,255,000.00,49.90%-100.00%,Mainly due to purchase fortwo CRJ 700 flights whoseoperating lease is due at thecurrent periodMainly due to purchase forQingdao logistics stock rightsat the same period of last year,Mainly due to decrease in,Cashes paid for,actual delivery loss of i
21、nterest,others related to,916,894.81,2,914,720.42,-68.54%,rate swap transaction of the,investing activities,company compared to thesame period of last year,Cashes received byissuing bondsCashes received,500,000,000.00,Mainly due to MTN issued bythe company at the currentperiodMainly due to decrease
22、inbankers acceptance and,from others related,7,500,000.00,66,740,000.00,-88.76%,margin financing of Huilida,to financial activities,agreement withdrawn by thecompany at current periodMainly due to decrease in,Cashes paid forrepayment of debt,281,339,544.44,484,958,885.00,-41.99%,refund at current pe
23、riodcompared with the same,period of last year3,Shandong Airlines Co.,Ltd.2.Items of non-recurring gains/lossesApplicable Not applicable,Amount from,Summary of Semi-Annual Report 2012,Items of non-recurring gains/lossesGains and losses from disposal of non-currentassetsTax refund or exemption out of
24、 authorization,withabsence of official approval document oraccidentallyGovernmental subsidy calculated into current gainsand losses(while closely related with the normal,year-begin toperiod-end(RMB)-9,150,038.38,Note,business of the Company,excluding thefixed-amount or fixed-proportion governmentals
25、ubsidy according to the unified national standard)Fund occupation expenses received fromnon-financial enterprises that reckon into currentgains/lossesIncome occurred when investment cost paid byenterprise for obtaining subsidiaries,associates andjoint ventures are lower than its share in fairvalue o
26、f net realizable assets of invested unitsGains and losses from exchange of non-monetaryassetsGains and losses from entrusted investment ormanagement assetsVarious asset impairment reserve provided for forcemajeure,such as natural disaster;Gains/losses from debt reorganizationReorganization expenses,
27、such as expenditure forallocation of employees and integration feeGains and losses from excess of transaction whichare conducted on a non-fair-valued basis over itsfair valueCurrent net gains and losses of subsidiariesoccurred from combination under the same controlcommencing from period-begin to co
28、mbinationdateGains and losses from contingent events which hasno relation with normal business of the CompanyGains and losses from change of fair values ofheld-for-transaction financial assets and financialliabilities except for the effective hedge businessrelated to normal business of the Company,a
29、nd,6,358,400.06 Route government subsidy etc.-5,154,873.85,investment income from disposal of transactionalfinancial assets and liabilities and financial assetsavailable for saleReversal of impairment reserve for accountreceivable with separate impairment testinggains/losses from external entrustmen
30、t loansGains and losses arising from change of fair valueof investment properties whose follow-upmeasurement are at fair valueAffect upon current gains/losses arising from the4,Amount of,Amount,0,0,0,0,0,0,0,Shandong Airlines Co.,Ltd.one-off adjustment in subject to requirement oflaws and rules in r
31、elation to taxation andaccountingIncome from entrusted custody operationOther non-operating income and expenditureexcept the abovementionedOther item that satisfied the definition ofnon-recurring gains and lossesInfluenced amount of minority shareholders equityImpact on income tax,Summary of Semi-An
32、nual Report 201232,904,423.17 Other non-operating expenditure-6,239,477.75,Total,18,718,433.25,-,3.Difference of net profit and net assets disclosed in financial report based on IAS and CAS Applicable not applicable4.Difference of net profit and net assets disclosed in financial report based on fore
33、ignaccounting standards and CAS Applicable not applicableIII.Changes in Share Capital and Particular about Shareholders(I)Changes in share capital Applicable not applicable(II)Statement of shares held by top ten shareholders and the top ten shareholders withunrestricted conditions/circulate sharehol
34、dersStatement of shares held by top 10 shareholders and top 10 shareholders with circulated shares held,Total shareholdersParticulars about the shares held by the top ten shareholders,19,043,Shareholders(fullname),Nature of Proportishareholders on(%),Total amount ofshares held atperiod-end,Shares pl
35、edged or frozennon-circulated shares held Share status,SHANDONGAVIATION GROUPAIR CHINA LIMITEDGUOTAI JUNANSECURITIES(HONGKONG)LIMITEDYao MingChen JingjianOu Yanping,State-ownedlegal personState-ownedlegal personForeign legal personDomesticnatural personDomesticnatural personDomesticnatural person,42
36、%22.8%0.86%0.58%0.34%0.24%,168,004,00091,200,0003,421,5082,300,3001,378,200945,043,168,004,00091,200,000,WANXIANG,INTERNATIONALINVESTMENT,Foreignperson,legal,0.23%,925,000,CORPORATION,HUANG LIU LIAYe Qufa,Foreign naturalpersonDomestic,0.23%0.21%,918,917824,600,5,0,stock,Shandong Airlines Co.,Ltd.nat
37、ural person,Summary of Semi-Annual Report 2012,Bao Xiuzhen,Domesticnatural person,0.2%,800,000,Particulars about shares held by the top ten shareholders of circulation share,Shareholders,Circulating shares held,Type,Type/amount of sharesAmount,GUOTAI JUNANSECURITIES(HONGKONG)LIMITEDYao MingChen Jing
38、jianOu YanpingWANXIANG INTERNATIONALINVESTMENT CORPORATIONHUANG LIU LIAYe QufaBao XiuzhenJOHN POSSWu Haoyuan,3,421,508 B-share2,300,300 B-share1,378,200 B-share945,043 B-share925,000 B-share918,917 B-share824,600 B-share800,000 B-share748,300 B-share704,020 B-share,3,421,5082,300,3001,378,200945,043
39、925,000918,917824,600800,000748,300704,020,Among the above the top ten shareholders,Air China is the firstlargest shareholder of the SDA,and there exists no associatedrelationship between SDA and Air China and the other shareholders,and they dont belong to the consistent actionist regulated by the,E
40、xplanation on associated relationshipamong the top ten shareholders or(and)consistent action,Management Regulation of Information Disclosure on Change ofShareholding for Listed Companies with the other shareholders.TheCompany is not aware of their associated relationship among the,other shareholders
41、 of circulation share,whether belongs to theconsistent actionist regulated by the Management Regulation ofInformation Disclosure on Change of Shareholding for ListedCompanies.(III)Changes of controlling shareholders and actual controllerApplicable Not applicableIV.Directors,Supervisors and Senior Ex
42、ecutives(I)Changes of shares held by directors,supervisors and senior executive,Amount Amount of,Amount of,Shares held of shares,shares Shares held Including:,Name,Title,atperiod-begi,increase in decreasedthis in this,at restricted option held Reasons forperiod-end shares held at changes,n(Share)per
43、iod(Shar period,(Share),(Share)period-end,e),(Share),(Share),ZhangXingfuMaCongxianZengGuoqiang,Chairmanof theBoardDeputychairmanDirector,000,000,000,000,000,000,Yu Haitian Director,0,0,0,0,0,0,6,Shandong Airlines Co.,Ltd.GMDirector,Summary of Semi-Annual Report 2012,Xu Guojian,DeputyGM,Chief,0,0,0,0
44、,0,0,Accountant,WangMinyuanWangJiemingLi XiuqinWangKaiyuanPingXiaofeng,DirectorDirectorDirectorIndependentdirectorIndependentdirector,00000,00000,00000,00000,00000,00000,Independen,Li Chun,t,0,0,0,0,0,0,director,QuWenzhou,Independentdirector,0,0,0,0,0,0,Chairman,WangFuzhu,ofsupervisory,0,0,0,0,0,0,c
45、ommittee,Xue Ruitao SupervisorZhang Kai Supervisor,00,00,00,00,00,00,DongJianminZhouQiaoyanSuZhongminLi QingenQiu FengMiaoLiubinJiangChengdaZhangQingsheXiongJianboWang,SupervisorSupervisorStandingDeputyGMDeputyGMDeputyGMDeputyGMDeputyGMChief pilotChiefengineerCSO,0000000000,0000000000,0000000000,000
46、0000000,0000000000,0000000000,7,Shandong Airlines Co.,Ltd.Xianlin,Summary of Semi-Annual Report 2012,DongQiantang,Secretaryof theBoard,0,0,0,0,0,0,V.Report of the Board of Directors(I)Statement of main business classified according to industries and productsUnit:RMBMain business classified according
47、 to industries,According toindustries,Operatingrevenue,Operating cost,Gross profitratio(%),Increase ordecrease ofoperatingrevenue overthe last sameperiod of lastyear(%),Increase ordecrease ofoperating costover the lastsame period oflast year(%),Increase ordecrease ofgross profitratio over thelast sa
48、meperiod of lastyear(%),Aviation,transportation 4,996,878,206.46 4,080,162,639.35,18.35%,17.55%,23.33%,-3.82%,servicesLogistics,transportation,4,343,960.36,1,484,268.69,65.83%,13.57%,-1.98%,5.42%,services,Hotel and foodservicesTrainingservice,7,811,810.367,084,704.57,6,829,054.692,423,290.18,12.58%6
49、5.8%,6.17%-30.33%,6.79%-47.49%,-0.51%11.19%,(II)Main business classified according to areasUnit:RMBIncrease/decrease in revenue from,DomesticInternationalregion,Areas,Operating revenue4,858,373,088.0263,311,876.0794,433,717.66,operations over the same period oflast year(%)17.28%0.84%40.87%,(III)Expl
50、anation on reasons of material changes in main operations and its structure,Applicable,Not applicable,(IV)Explanation on reasons of material changes in profitability(gross profit ratio)of mainoperations compared with that of last year,Applicable,Not applicable,(V)Analysis on reasons of material chan
