Summary by Moomoo AI
China Oriental Airlines Co., Ltd. (the “Company”) has announced audited consolidated results for the year ended 31 December 2023. In 2023, the Company achieved revenue of RMB1137.41 billion, an increase of 145.6% compared to 2022; the annual net loss was RMB86.14 billion, down from a loss of RMB291.9 billion last year. Operating expenses of the Company and its subsidiaries (the “Group”) were RMB1210.89 billion, an increase of 48.56% year-on-year. The Company's A shares and H shares are listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange Limited, respectively. The Company's Board of Directors recommends that profits not be distributed in 2023. In addition, the Company conducted a number of important activities in 2023, including the non-public issuance of A shares, the debarment of deposits from the New York Stock Exchange, the purchase of 100 C919 aircraft, the issuance of RMB 200 billion perpetual bonds, and more. The Company's Board of Directors looks forward to its work plan for 2024, including strategies to strengthen security risk management, improve service quality, advance digital transformation, and more.