中國東方航空股份有限公司 (在中華人民共和國註冊成立的股份有限公司) 股份代號 : A股 : 600115 H股 : 00670 ADR : CEA WORLD - CLASS HOSPITALITY WITH 年 報 2017 w w w. c e a i r. c o m EASTERN CHARM 世界品位 東方魅力 年 報 2017

2 5 6 8 9 10 13 16 20 28 49 77 97 100 105 220

www.caac.gov.cn/ www.ndrc.gov.cn/ www.csrc.gov.cn/ Delta Delta Air Lines Inc. IATADL AFK Air France-KLM Qantas Airways Limited IATAQF 2 2017

HKSCC (Hong Kong Securities Clearing Company Ltd.) H ATK ASK AFTK RTK RPK 3

RFTK SkyTeam Alliance http://www.skyteam.com/ IATA International Air Transport Association http://www.iata.org/ 571 4 2017

1771,074 3,336 1957 1 1997 637105.5 1771,074 1.1 20600 WPP 30 Brand Finance500IATA 2017 5

China Eastern Airlines Corporation Limited CEA 66 201202 www.ceair.com (APP) M m.ceair.com ir@ceair.com +86 95530 http://weibo.com/ceair donghang_gw A 600115 H 00670 ADR China Eastern CEA 1 16 122 123332 2016 62017 12 6 2017

2018 2 183 1712 1716 The Bank of New York Mellon 101 Barclay Street New York, NY 10286 USA 166 3 9519 D 7

88,245 90,185 93,969 98,904 102,475 2,725 3,685 5,269 5,469 7,481 18 11 6 2 (311) (89,412) (87,823) (86,619) (91,889) (100,214) 1,576 6,058 12,625 12,486 9,431 576 (2,072) (7,110) (6,176) (1,072) 2,217 4,113 5,667 6,497 8,610 2,373 3,410 4,537 4,498 6,342 (1) 0.20 0.27 0.35 0.33 0.44 1,995 1,355 9,080 1,695 4,605 (40,472) (42,887) (51,309) (52,194) (62,035) 127,458 147,586 174,914 196,436 211,434 (36,175) (41,210) (43,675) (29,749) (28,842) (23,135) (38,695) (52,399) (61,041) (66,868) 26,902 29,974 37,411 49,450 55,360 (1) 12,091,881,000 12,674,269,000 12,818,509,000 13,811,136,000 14,467,585,682 88,245 90,185 93,969 98,904 102,475 12,625 12,486 9,431 6,058 1,576 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 8 2017

6,820 10,369 1,067 2,054 1,374 1. 98,560 101,721 2. 4,508 6,352 3. 210,051 227,464 4. 50,096 56,518 5. 0.33 0.44 6. 3.01 3.47 1. 9

(ASK) 225,996.28 206,249.27 9.57% 141,067.10 129,459.68 8.97% 78,980.87 71,177.37 10.96% 5,948.32 5,612.22 5.99% (RPK) 183,181.98 167,529.20 9.34% 117,033.08 106,361.13 10.03% 61,390.58 56,821.42 8.04% 4,758.33 4,346.64 9.47% 110,811.40 101,741.64 8.91% 92,621.36 84,201.92 10.00% 14,676.05 14,323.71 2.46% 3,513.99 3,216.02 9.27% % 81.06 81.23-0.17pts 82.96 82.16 0.80pts 77.73 79.83-2.10pts 79.99 77.45 2.54pts 1 0.521 0.517 0.77% 0.539 0.534 0.94% 0.470 0.471-0.21% 0.724 0.712 1.69% 1 0.486 0.482 0.83% 0.539 0.534 0.94% 0.370 0.374-1.07% 0.655 0.638 2.66% 10 2017

2 2 (AFTK) 7,057.28 6,535.18 7.99% 9,439.85 2,277.61 2,163.17 5.29% 2,220.52 4,592.09 4,224.47 8.70% 6,949.25 187.57 147.54 27.13% 270.08 (RFTK) 2,663.01 2,495.43 6.72% 4,875.20 895.56 927.40-3.43% 963.57 1,722.73 1,530.17 12.58% 3,786.02 44.73 37.86 18.15% 125.61 933.33 929.26 0.44% 1,395.01 647.86 668.64-3.11% 707.17 247.91 228.59 8.45% 584.79 37.56 32.03 17.27% 103.04 1 1.363 1.250 1.100 1.066 1.444 1.239 3.555 2.977 1 1.295 1.173 1.012 0.987 1.388 1.165 3.376 2.850 (ATK) 27,396.94 25,097.62 9.16% 28,002.28 14,973.65 13,814.54 8.39% 13,871.89 11,700.37 10,630.43 10.06% 13,355.21 722.92 652.64 10.77% 775.18 11

2 2 (RTK) 18,856.10 17,333.11 8.79% 19,712.88 11,251.85 10,362.29 8.58% 10,398.46 7,139.59 6,548.92 9.02% 8,804.77 464.66 421.89 10.14% 509.65 % 68.83 69.06-0.23pts 70.40 75.14 75.01 0.13pts 74.96 61.02 61.61-0.59pts 65.93 64.28 64.64-0.36pts 65.75 1 5.254 4.705 5.698 5.559 4.392 3.575 7.756 6.807 1 4.900 4.388 5.691 5.552 3.514 2.912 7.037 6.140 1. 2. 12 2017

73 18B737-8MAX B767 637 62710 100% 9 1 B777-300ER 9 11 20 1.9 2 A330-300 1 17 7 25 6.9 3 A330-200 15 15 3 33 5.3 4 B767 4 4 19.5 29 43 10 82 5.6 5 A321 38 39 77 4.4 6 A320 79 52 48 179 7.1 7 A319 13 20 2 35 4.7 8 B737-800 46 62 84 192 3.9 9 B737-700 42 13 1 56 8.6 10 B737-8MAX 6 6 0.1 218 192 135 545 5.5 247 235 145 627 5.5 10 637 13

% % B777-300ER 252.46 81.30 58.42 14.12 A330 1,019.14 79.75 56.66 11.27 B767 104.25 85.05 64.10 7.34 A320 5,391.93 81.49 71.54 9.55 B737 4,313.36 79.86 76.41 8.83 637 10 B777-300ER 9 2.1 14.04 46,124.09 11 1.7 14.19 48,075.59 20 1.9 14.12 94,199.68 B767 4 19.5 7.34 14,417.59 4 19.5 7.34 14,417.59 A330 16 4.6 13.00 75,929.74 32 4.9 11.68 118,344.36 10 11.6 9.97 33,981.08 58 6.0 11.78 228,255.18 A330 A330-200 A330-300 14 2017

A320 130 9.0 9.44 446,261.35 111 4.1 9.72 371,576.37 50 3.1 10.12 157,268.35 291 6.1 9.65 975,106.07 A320 A319 A320 A321 B737 88 6.8 8.61 274,916.28 81 2.8 9.42 230,635.15 85 4.7 8.88 251,730.97 254 4.8 8.93 757,282.40 B737 B737-700 B737-800 B737-8MAX A350 2 5 4 A330 8 10 A320 16 25 30 B777 B787 4 6 3 B767 4 B737 37 1 26 24 10 67 15 62 61 10 1 2 15 11 15

2017 60 60 60 40% 150 200 2017 7 28 DeltaAFK AFK10% 3 16 2017

2017 7 23B-7882 B777-300ER 2012 420 B777-300ER 2017 8 18 C919 20 C919 C9192017 5 5C919 2017 9 2810 1 24 72 3812017 11 17

18 2017

19

20 2017

188.56 8.79%1.11 8.91%1,024.75 3.61% 1,005.259.40% 55.05 63.4241.00% 207.3 8.02% 87.97 6.97% 21

1771,074 34.3%51.2% 11 53% (OD) 3,33614.3% 818 31.71% 1.37 (TMC) (OTA) 38.92% 25.07%4,027 27.1% AFK AFK Delta AFK Delta Delta AFK AFK Air Europa Líneas Aéreas, S.A.U. IATAUXCzech Airlines j.s.c. IATAOK Jet Airways (India) Ltd. 22 2017

23 IATA9W Air Mauritius Limited IATAMK WestJet Airlines Limited IATAWS 28723 1,028 75.5822.4% 71.19% 8.3822.70%6 2 1 F WI-FI 74 11 12 149% 72.86% 74.67% 23.11% (UPS) 7

836 59,069 170,90665,733 40 6 WPP Wire & Plastic Products Group302 Brand Finance 500 24 2017

1. 2. 4. 5. 6. 3. 25

26 2017

27

28 2017

29 637 10 5.5 1771,074 IATA 7.5% 9.3% 40.81 7.11% 5,990 9.11%81.2% 2018 6.0%43.11 5.6%81.4% 2018 11% 384IATA 1,083.1 12.5% 9,512.8 13.5%243.5 9.5% 55,156.8 13.0% 705.85.7% 83.2% 6 11.4%

1. 10 2 52 80%10054% 90% 93% GDP 1.3 2. 7,200 200 62 40% 3. 15 30 2017

31 Delta AFK 177 1,074 4. 5.5 B777 A330 A320 B737 A350-900 B787-9 5. 97% +

32 2017 6. B787-9 A350-900 IATA 2017 2017 7. 11,081 8.9% 3,336 5,727 Delta AFK Delta AFK + +

33 1771,074

34 2017 2014 LOGO B777-300ER IT 97% 71% 1.

2. 3. 4. 35

36 2017 5. 6. Delta AFK

7. 1% -260 260 41-41 5% 12.57 8. 28.17% 9. 25 37

-142 142 17-17 10. WANNACRY 11. 12. 38 2017

39 13. 14. 915.64 9.56%96.19% 183,181.989.34% 117,033.08 10.03%601.8011.16% 65.72% 61,390.58 8.04%279.646.08% 30.54% 4,758.33 9.47%34.2011.11% 3.74% 36.23 3.81%2,663.01 72.88 22.05% 1,005.25 9.40% 251.3128.05% 4.50%8.83 22.53%46.22 132.54 7.94% 2017 18

40 2017 30.90 7.97% 203.20 11.99% 139.69 14.93% 45 53.46 7.78% 946 43.18 9.65% 7 8.36 3.69% 32.94 5.14% 20.806.94% 32.48 35.78%48.37 20.06% 100% 8.04% 74.81 36.79% 100% 21.12 20.16 31.84 30.88 20.01 35.43 63.42 41.00% 0.44 2,297.27 8.20% 74.41% 0.93 182.93 7.96% 15.14% 2,114.3492.04% 7.64% 1,709.49 803.28 46.99%906.21 53.01% 483.31 36.96%

823.38 0.18% % % % 36,809 28.17 52,866 44.89-30.37 83,880 64.19 57,793 49.07 45.14 9,980 7.64 7,114 6.04 40.29 668.68 610.419.55% % 29,254 44,913-34.87 627 739-15.16 264 326-19.02 675 840-19.64 36,048 14,223 153.45 66,868 61,041 9.55 130,669 100 117,773 100 10.95 638.01 567.32 12.46% % 7,555 7,953-5.00 2,435 4,921 4,215 16.75 1,058 1,008 4.96 47,832 43,556 9.82 63,801 56,732 12.46 1,177.73 1,306.69 29.96% 36.99% 44.89% 28.17% 49.07% 64.19% 16.36 14.20 41

467.89 78.67% 4.408.29 35.43 20.01 1. (1) % 00696 18,503,000 29,055,000 569,287,604 82.20 600000 122,144,004 9,790,691 123,264,800 17.80 3,766,225 692,552,404 100 3,766,225 (2) 486,902 25% 632,124 140,671 155,405 486,902 25% 632,124 140,671 155,405 42 2017

2. 89,086 137,477 48,391-63,181 72-310,880-310,952-487,451 89,158-173,403-262,561-550,632 3. 100% 100% 4. % % % 8,257 13.14% 577 12.92% 10,437 3,782 63.76% 4,289 15.73% 446 3.00% 7,126 3,483 51.12% 8,939-1.27% 695-10.21% 17,401 6,648 61.80% 12,461 8.93% 1,204 44.19% 16,695 2,344 85.96% 5,033 18.81% 809 72.86% 9,006 3,238 64.05% 788 17.09% 339 34.52% 2,044 1,155 43.49% 7,246 7.56% 112-27.74% 6,455 4,017 37.77% 2,316-18.34% 27-250.00% 502 56 88.84% 43

(1) 20 82.57 13.14%5.77 12.92%16,001.98 16.88%1,168.25 14.07% A320 59 (2) 17.5 42.89 15.73%4.46 3.00%6,742.28 14.17%601.58 14.66% B737 30 (3) 36.62 89.39 1.27%6.95 10.21%15,406.97 1.03%1,181.85 0.14% A330 B737 76 (4) 5 124.61 8.93%12.04 44.19%22,611.58 10.17%1,539.89 7.57% A330 B737 B767 95 (5) 13.20 50.33 18.81%8.09 72.86%9,413.07 11.02%766.55 13.82% B737 39 175.59 112.07 36.18% 44 2017

1. 3 870.30 283.22 275.16 192.73 2. 4726 3. 53.46 124.56 174 1,074 75,277 75,277 41,741 33,536 6,614 45

7,332 18,916 11,847 25,904 2,057 920 4,378 3,923 75,277 1,828 30,701 28,134 14,614 75,277 76 573 327 2067,332 867789 46 2017

2766 8.53 69 GE 26 25 19 27 614 GE1520 62 B737MAX A320NEO9 49,663980 205 3,620107 3,134 18 230 16 2223 17 47

2 4 10% H H 10% [1994]020 25%25% 16.5% 15%25% 25% 1.6716.37 48 2017

20 2528 49 67,712 67,923 3,577 3,624 30,432 30,928 101,721 102,475 7.4025 14,467,585,6820.051 A H 49

% A 9,808,485,682 67.80 1. 2. 9,808,485,682 67.80 H 4,659,100,000 32.20 14,467,585,682 100 A H4,659,100,00014,467,585,682 1,327,406,822 A 217,988 10% % (1) A 5,530,240,000 38.23 (2) H 2,626,240,000 18.15 (3) H 4,182,503,289 28.91 Delta (4) H 465,910,000 3.22 (1) A5,072,922,927 A457,317,073 A 50 2017

(2) H 700,000,000 H 260,000,000 H 750,000,000H 260,000,000H (3) 4,182,503,289 H 2,626,240,000 H62.79% (4) H Delta H10.00% 5% 1010 10 % 35.06% 5,072,922,927 HKSCC NOMINEES LIMITED 28.91% 4,182,503,289 826,000 4.27% 617,787,275 274,288,009 3.49% 504,767,895-81,532,357 Delta 3.22% 465,910,000 3.22% 465,838,509 465,838,509 3.16% 457,317,073 1.61% 232,919,254 0.59% 85,999,872 85,999,872 (LOF) 0.49% 70,984,100 51

5,072,922,927 5,072,922,927 HKSCC NOMINEES LIMITED 4,182,503,289 4,182,503,289 617,787,275 617,787,275 504,767,895 504,767,895 Delta 465,910,000 465,910,000 465,838,509 465,838,509 457,317,073 457,317,073 232,919,254 232,919,254 85,999,872 85,999,872 (LOF) 70,984,100 70,984,100 HKSCC NOMINEES LIMITED 4,182,503,289 2,626,240,000 100%100% 100% 52 2017

2002 8 3 53

54 2017

303A.11 303A.01 303A.03 303A.04 303A.04 303A.05 303A.02(a)(ii) 55

303A.06 303A.07 303A.02(a)(ii) 303A.06 303A.10 8.08(1) (a) 56 2017

* 59 2016 6 15 2019 6 30 * 53 2016 6 15 2019 6 30 * 54 2016 6 15 2019 6 30 3,960 3,960 * 61 2016 6 15 2019 6 30 * 51 2016 6 15 2019 6 30 * 58 2016 6 15 2019 6 30 58 2018 2 8 2019 6 30 69 2016 6 15 2019 6 30 69 2016 6 15 2019 6 30 60 2016 6 15 2019 6 30 63 2016 6 15 2019 6 30 * 55 2016 6 15 2019 6 30 * 60 2016 6 15 2019 6 30 57

59 2016 6 15 2019 6 30 55 2016 6 15 2019 6 30 * 50 2016 6 15 2019 6 30 54 2016 6 15 2019 6 30 3,696 3,696 53 2016 6 15 2019 6 30 52 2017 12 25 2019 6 30 53 2017 2 22 2019 6 30 44 2016 6 15 2019 6 30 57 2016 6 15 2017 2 22 62,731 62,731 * 49 2016 6 15 2018 2 6 70,387 70,387 0 * 58 2017

59

60 2017

AGIC4.0 HH 61

(CPA) (CIA) 62 2017

63

64 2017

65

13.51B(1) 2006 6 2018 3 2014 6 2018 2 2015 12 2018 1 2016 10 2018 3 2018 1 2012 1 2018 1 2018 1 AFK 2017 10 2017 6 2018 1 2014 10 2017 11 2013 7 2017 6 2017 11 2017 6 2010 3 2017 12 2017 6 2017 7 2018 3 2018 3 2013 9 2018 1 2015 6 2018 1 66 2017

2010 5 2017 9 2011 1 2017 9 2011 6 2017 9 2011 11 2017 9 2012 2 2017 9 2012 4 2017 9 2012 5 2017 9 2014 3 2017 9 2014 12 2017 9 2017 12 2015 12 2018 3 2015 12 2017 12 2017 7 2017 12 2018 1 2018 1 2018 1 2017 7 2018 3 2014 6 2017 4 2017 4 2017 6 2014 3 2017 4 XV XV7 8 352 67

XV2 3 15 9 59.14% 17.28% 5 232.9922.74%5% 6.636.06 37 68 2017

9 34 7.93 18 42 2.11 1 69

2 3 4 1201 1601 1602 1201 1601 1602 AAA 5 6 7 70 2017

8 Delta AFK AFK 10% AFK DeltaAFKAFK Delta 9 10 1000 10 10 67 6798 11 71

4,053,343 10,000,000 10,000,000 1,253,879 1,450,000 300,211 560,000 145,438 430,000 53,764 80,000 22,720 75,000 550,538 950,000 1,996,540 24.15 25,238 5.7 97,597 240,000 100,466 300,000 280,578 500,000 116,736 300,000 AFK 622,237 830,000 398,609 550,000 1. 20162017 2019 100% 14A 2 72 2017

3 4 100% 2017 1 12017 20182019 12 31300500 700 83% 5 6 2017 8 10 144 380,000 14A 2017 8 10 AFK 10% AFK AFK 7. 2017 12 222018 2019 (i) B737 B787 (ii)a320 A330 A350(iii)2018 1 12019 12 31 144 20182019 80 802018 0.75 6.252019 0.6 13.42017 12 22 73

8 2018 4 12032 12 31 2032 12 31 = 2018 4 112 31 2019 12 31 265353 14A (a) (b) (i)(ii) (c) 14A.56 3000 740 14A.56 47 47 74 2017

1. 2017 8 10(i) 737-800 (ii) 14A 2017 8 10 2 (i) 1 (ii) 808.01 14A 3 II I 330% 14A 2018 3 292018 75

76 2017

13 11 74 3.133.13 3 77

78 2017

10% 10 1010% 5 90 10% 79

10 80 2017

3 368 368 10 368 3/3 100% 3/3 100% 3/3 100% 3/3 100% 3/3 100% 3/3 100% 3/3 100% 3/3 100% 3/3 100% 3/3 100% 3/3 100% 81

13 13/13 100% 13/13 100% 13/13 100% 13/13 100% 13/13 100% 13/13 100% 13/13 100% 13/13 100% 13/13 100% 13/13 100% 13/13 100% 82 2017

25% 105 109 20173 83

15 84 2017

8 8/8 100% 8/8 100% 8/8 100% (Sarbanes- 85

Oxley) 404 www.ceair.com 18.63 20F 0.12 86 2017

8/8 100% 8/8 100% 8/8 100% (1) 166 (2) 5000 (3) 87

(4) www.ceair.com 3 88 2017

(1) (2) (3) (4) (5) (6) (7) (1) (2) 89

4/4 100% 4/4 100% 4/4 100% (1) (2) www.ceair.com 90 2017

20 20 20 20 154.85 58.38 154.85 154.85 92.21 139.73 39.91 794.78 1. 91

2. 3. 2/2 100% 2/2 100% 2/2 100% (1) 92 2017

(2) www.ceair.com 47 26 236 5,600 210 4,700 93

2017 94 2017

44 229 12 247 2 5 478 (www.ceair.com) 25% ir@ceair.com ir@ceair.com davidyang@ceair.com 95

913100007416029816 96 2017

5 B737-800 97

AFK 1. 2. 3. 98 2017

4. 5. 99

5002 Brand Finance 306 (World Brand Lab) IATA 2017 ARC 31 MerComm, Inc. 2017 2017 2017 WTO 3 TTG China 2016 Travelport Facebook Facebook 100 2017

20172017 2017 2017 1,519.26 1,048.0652.2319 100 101

1. 1,159 11,869.2 2. 3+X 300 3. 4. 102 2017

4 5 2 3 5. 5 1,519.26 1. 1,329.16 2. 190.1 3. 2,427 1. 2 52.2 2. 76 3. 319 19 150 300 4. 100 100 5. 11 11 2,427 103

27 104 2017

110 219 105

106 2017 2017 12 31 2,030 3 4 36 2017 12 31 2017 12 31 2017 12 31 3,019 3 4 35 2017 12 31

2017 12 31 11,270 3 4 17 2017 12 31 107

108 2017

109

5 102,475 98,904 6 7,481 5,469 109,956 104,373 (25,131) (19,626) (13,254) (12,279) (13,969) (12,154) 9 (20,320) (18,145) (5,346) (4,960) 10 (491) (29) (3,090) (2,862) (4,318) (4,779) (836) (868) (3,294) (3,133) (2,080) (1,945) (3,248) (5,058) 8 (311) 2 (4,837) (6,051) (100,525) (91,887) 11 9,431 12,486 22 202 148 23 49 39 12 2,112 96 13 (3,184) (6,272) 8,610 6,497 14 (1,800) (1,542) 6,810 4,955 39 35 107 115 40 22 10 (1) 160 146 37 124 (410) 124 (410) 284 (264) 7,094 4,691 110 2017

6,342 4,498 468 457 6,810 4,955 6,619 4,237 475 454 7,094 4,691 15 0.44 0,33 111

17 11,596 11,624 18 166,856 153,180 19 302 321 20 1,717 2,064 21 24,752 23,357 22 1,654 1,536 23 557 524 24 800 645 25 2,927 2,969 38 122 79 39 151 137 211,434 196,436 26 2,185 2,248 27 2,124 2,660 28 9,314 9,231 39 11 29 51 43 30 4,605 1,695 16 14 18,293 15,888 7,043 7,677 31 3,184 3,376 32 19,864 20,250 33 9,241 6,447 34 39,090 28,842 593 304 35 981 1,175 39 324 11 16 8 80,328 68,082 (62,035) (52,194) 149,399 144,242 112 2017

33 57,627 54,594 34 24,711 27,890 35 2,038 2,495 36 3,724 3,874 37 2,502 2,890 38 18 86 39 1 47 90,621 91,876 58,778 52,366 41 14,467 14,467 42 40,893 34,983 55,360 49,450 3,418 2,916 58,778 52,366 113

13,140 19,103* 5,168* 37,411 2,520 39,931 4,498 4,498 457 4,955 (261) (261) (3) (264) (261) 4,498 4,237 454 4,691 1,327 7,213 8,540 8,540 2016 (738) (738) (738) (58) (58) 144 (144) 14,467 26,199* 8,784* 49,450 2,916 52,366 6,342 6,342 468 6,810 277 277 7 284 277 6,342 6,619 475 7,094 2016 (709) (709) (709) 43 87 87 (60) (60) 212 (212) 14,467 26,688* 14,205* 55,360 3,418 58,778 * 408.93349.83 114 2017

45(a) 21,108 26,154 (1,536) (1,261) 19,572 24,893 (7,796) (21,533) (8) (86) 17 (126) (232) (16,759) (16,864) 269 518 5 1,043 690 3 56 1 3 (1) (64) 12 12 111 96 97 164 1,897 (21,312) (37,180) 8,540 33,629 39,159 29,000 47,500 2,450 12,526 7,518 12,320 19,027 (36,000) (46,000) (18,383) (36,728) (3,246) (28,803) (5,497) (10,587) (8,606) (3,706) (3,206) (709) (738) (60) (58) 4,708 4,634 2,968 (7,653) 1,695 9,080 (47) 268 30 4,616 1,695 115

( 1 66 AH 2,000 62.56% 1,750 60% 694 100% 500 100% 4,300 100% 50 100% 116 2017

( 1 3,662 90.36% 280 100% 1,320 100% 70 100% 50 100% 498 100% 50 100% 117

( 2.1 3 (a) (b) (c) (i) (ii) (iii)(i) (ii)(iii) 118 2017

( 2.1 620.4 594.7 2.2 7 12 12 12 (a) 7 45(c) (b) 119

( 2.2 (c) 12 12B10 B16 2017 12 31 16 2.3 2 1 4 9 4 1 9 1 9 2 10 4 28 15 1 15 15 1 16 2 17 3 40 1 19 2 22 1 23 2 128 1 3 1112 23 2 1 2 3 4 120 2017

( 2.3 IASB2 2014 79 39 9 2018 1 1 9 9 (a) 9 9 121

( 2.3 (b) (c) 9 9 9 9 1028 1028 3 1028 15 15 15 15 15 (a) 15 15 122 2017

( 2.3 (b) (c) 15 15 15 15 16174 15 27 16 1717 17 1616 15 16 46(b) 209.3616 123

( 2.3 40 19 (1) (2) 19 19 22 21 124 2017

( 2.3 23 1212 (i) (ii)(iii) (iv) 3 20% 5 125

( 3 (i) (ii) (i) (ii) 126 2017

( 3 (iii) (iv) (v) (vi) (vii) 127

( 3 128 2017

( 3 (i) 12 31 (ii) (iii) 129

( 3 5 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 130 2017

( 3 5 5 7.5 15 20 10 8 45 3 20 131

( 3 30 35 132 2017

( 3 39 133

( 3 39 (a)(b) 134 2017

( 3 (a)(b) 135

( 3 136 2017

( 3 39 39 137

( 3 (i) 138 2017

( 3 (i) (ii) (i) (ii) 139

( 3 (ii) 140 2017

( 3 12 12 141

( 3 142 2017

( 3 12 31 143

( 4. (a) 3 (b) (c) (d) 3 37 144 2017

( 4. (e) (f) (g) 3 (h) (i) 3 145

( 5 95,187 89,554 91,564 83,577 3,623 5,977 2,322 3,113 1,323 2,850 69 794 112 92 3,462 2,501 102,475 98,904 6 (a) 4,941 4,531 69 158 5 3 4 95 33 28 12 12 271 228 43 1,754 (b) 392 414 7,481 5,469 (a) (i) (ii) (b) 146 2017

( 7 (a) 8 7(c) * 97,698 4,023 101,721 1,018 (1,018) 97,698 5,041 (1,018) 101,721 6,517 363 1,740 8,620 13,769 190 13,959 10 489 2 491 2,309 (96) (101) 2,112 3,080 205 (101) 3,184 32,149 657 32,806 147

( 7 (a) * 94,338 4,222 98,560 782 (782) 94,338 5,004 (782) 98,560 5,788 397 322 6,507 12,378 160 12,538 10 22 7 29 100 100 (104) 96 2,553 280 (104) 2,729 34,631 776 35,407 * 216,591 13,376 (5,514) 3,011 227,464 165,148 11,301 (5,514) 11 170,946 205,024 11,218 (8,896) 2,705 210,051 159,437 9,373 (8,896) 41 159,955 * 148 2017

( 7 (b) 1) 2) 67,923 63,730 3,624 3,516 30,928 31,658 102,475 98,904 (c) 101,721 98,560 (i) 754 344 102,475 98,904 149

( 7 (c) 8,620 6,507 (ii) (10) (10) 8,610 6,497 227,464 210,051 (ii) 21 31 (iii) 2,242 2,242 229,727 212,324 170,946 159,955 3 3 170,949 159,958 (i) (ii) (iii) 150 2017

( 8 39(a) 2 39(b) (311) (311) 2 9 16,474 14,370 133 235 37(a) 1,987 1,769 (a) 663 606 (b) 886 868 (c) 150 236 (d) 27 61 20,320 18,145 (a) (b) (c) (d) 151

( 9 (e) 383(1)(a) (b) (c) (f)2 * * * * * * * 200 200 200 200 200 200 200 200 * 584 584 * 1,549 1,549 2,933 2,933 152 2017

( 9 (e) * * * * * * * 160 160 *** 160 160 160 160 ** 100 100 * & **** * ***** 288 288 535 535 * ** 426 426 * & ** 1,829 1,829 * 2018 2 7 ** *** **** ***** 153

( 9 (f) 8,702 9,319 1,500,001 2,000,000 2,000,001 2,500,000 5 5 5 5 10 26 112 10 18 379 29 16 3 27 (3) (1) (9) 491 29 154 2017

( 11 17 142 129 18 7,065 6,388 6,302 5,563 19 12 11 402 394 45 63 1,131 1,198 19 18 6 (4,941) (4,531) 6 (1,754) 12 111 96 13(b) 2,001 2,112 96 155

( 13 1,590 1,529 1,845 1,349 37 98 88 381 359 39(a) 63 122 (a)21 (793) (718) 3,184 2,729 (b) 3,574 21 (31) 3,184 6,272 (a) (b) 3.40%3.25% 14 1,962 1,396 38 (162) 146 1,800 1,542 [2011]58 15% 15% 15%16.5% 16.5% 156 2017

( 14 25%25% 8,610 6,497 25%25% 2,152 1,624 (87) (102) (63) (37) (13) (10) 38 117 (253) (51) 48 13 (13) (10) 2 6 (11) (8) 1,800 1,542 20.91% 23.73% 15 63.4244.98 14,467,585,68213,811,136,000 157

( 16 2017 4 27 2017 12 29 100% 7,100 2017 12 31 6 2 1 2 11 1 17 (3) 14 (2) (6) (8) 6 158 2017

( 17 (a) (b) 11,270 288 66 11,624 126 126 3 3 (109) (33) (142) 43 (14) (14) (1) (1) 11,270 293 33 11,596 11,270 904 98 12,272 (611) (65) (676) 11,270 293 33 11,596 11,270 252 11,522 124 98 222 9 9 (97) (32) (129) 11,270 288 66 11,624 11,270 812 98 12,180 (524) (32) (556) 11,270 288 66 11,624 (a) 11%11%3% 3% (b) 159

( 18 99,653 97,064 8,324 8,201 2,398 215,640 (34,914) (19,890) (2,450) (5,206) (62,460) 64,739 77,174 5,874 2,995 2,398 153,180 64,739 77,174 5,874 2,995 2,398 153,180 3,659 8,277 276 808 2,688 15,708 (656) (264) (1) (103) (1,024) 1,019 18 (1,037) 21 1,701 13,378 15,079 19 9 9 19 (2) (2) (2) (2) (327) (327) (6,154) (6,302) (298) (613) (13,367) 43 (199) (1,220) (375) (208) (17) (2,019) (379) (379) 6,283 (6,283) (24) 24 68,994 84,760 6,478 2,919 3,705 166,856 111,297 105,801 8,809 7,934 3,705 237,546 (42,303) (21,041) (2,331) (5,015) (70,690) 68,994 84,760 6,478 2,919 3,705 166,856 160 2017

( 18 3.790.29 112.07175.59 34 1,3971,455 161

( 18 80,402 89,146 7,993 7,486 1,771 186,798 (28,557) (18,029) (2,266) (4,704) (53,556) 51,845 71,117 5,727 2,782 1,771 133,242 51,845 71,117 5,727 2,782 1,771 133,242 9,411 4,485 5 651 1,477 16,029 (324) (58) (21) (212) (615) 474 328 (802) 21 12,236 4,354 16,590 19 (38) (38) (48) (48) (5,561) (5,563) (273) (554) (11,951) (29) (29) (2,839) 2,839 64,739 77,174 5,874 2,995 2,398 153,180 99,653 97,064 8,324 8,201 2,398 215,640 (34,914) (19,890) (2,450) (5,206) (62,460) 64,739 77,174 5,874 2,995 2,398 153,180 162 2017

( 19 402 344 18 4 58 18 (14) 392 402 81 50 18 2 20 18 (5) 11 12 11 90 81 302 321 628 604 39201637 2017 12 31112 2016 12 31119 163

( 19 198 430 628 183 421 604 20 2,064 2,094 (347) (30) 1,717 2,064 164 2017

( 21 23,357 21,207 15,681 17,991 13 793 749 18 (15,079) (16,590) 24,752 23,357 22 1,116 1,069 538 467 1,654 1,536 1,536 1,543 47 202 148 10 (1) (141) (154) 1,654 1,536 165

( 22 2,000 2,000 25% 25% 350 350 45% 45% 40 40 51% 51% 167 167 20% 20% 80 80 45% 45% 200 200 45% 45% 7 7 35% 35% 51% 166 2017

( 22 202 148 10 (1) 212 147 1,654 1,536 23 369 352 188 172 557 524 524 518 17 49 39 (33) (33) 557 524 167

( 23 73 73 51% 51% 2 2 40% 40% 10 10 41% 41% CAE MELBOURNE FLIGHT TRAINING PTY LIMITED 11 11 50% 50% 30 30 50% 50% 40 50% 168 2017

( 23 49 39 49 39 557 524 24 693 538 107 107 800 645 1.56 1.00 169

( 25 217 285 1,288 1,182 65 83 426 681 299 676 694 2,927 2,969 26 2,716 2,713 (531) (465) 2,185 2,248 465 541 10 112 10 (1) (86) (45) 531 465 170 2017

( 27 2,124 2,630 30 2,124 2,660 1,912 2,324 38 167 100 102 162 182 2,212 2,775 (88) (115) 2,124 2,660 171

( 27 1.312.67 38 167 93 30 70 131 267 115 216 10 6 8 (13) (100) 10 (9) (9) (5) (6) 88 115 0.460.66 0.421.23 10 172 2017

( 28 3,662 1,746 1,387 615 1,450 762 139 283 218 2,327 319 382 183 944 1,489 200 233 47(c)(i) 569 616 76 140 365 838 9,512 9,431 (198) (200) 9,314 9,231 29 3 51 40 51 43 173

( 30 2 3 4,603 1,692 4,605 1,695 32.398.14 31 2,791 2,994 59 57 161 83 71 77 102 165 3,184 3,376 2.41 2.32 47(c)(ii) 11.7311.20 174 2017

( 32 2,711 3,662 2,707 2,323 1,369 1,774 1,760 1,253 1,342 966 1,483 1,507 1,848 1,561 549 764 36 1,038 635 323 363 47(c)(ii) 2,111 2,534 37(b) 168 173 2,455 2,735 19,864 20,250 33 235 226 11,651 9,241 8,123 6,447 10,408 8,162 7,526 6,054 27,895 22,847 21,905 18,415 30,196 26,618 33,277 30,125 80,105 66,868 70,831 61,041 (11,651) (9,241) (8,123) (6,447) 68,454 57,627 62,708 54,594 175

( 34 (a) 4,816 7,169 108 3,435 (b) 10,956 8,476 (b) 8,831 8,810 24,711 27,890 (a) 1,028 1,724 3,103 135 24,959 9,983 (c) 10,000 17,000 39,090 28,842 63,801 56,732 39,090 28,842 6,527 4,833 8,797 13,281 9,387 9,776 63,801 56,732 (a) 112.07 175.59 18 176 2017

( 34 (b) 48 105.05% 47(d) 30 3 3.15% 40 5 3.39% 15 3 3.00% 1200 3 2.05% 550 32.85% 30 153.03%15 3.30% 47(d) 52.80% (c) 304.16%270 304.25%150 204.25%179 204.20%179 177

( 34 3.10% 3.48% 2021 20163.40% 4.41% 3,028 3,278 6LIBOR + 0.55% 6LIBOR+2.85% 2025 20166LIBOR+0.75% 6LIBOR+3.75% 2,003 4,970 3EURIBOR+0.5%2026 20163EURIBOR+0.5% 4,024 4,215 3.03% 5.05% 2026 20163.03% 5.05% 7,794 7,792 2.80%2020 2,435 2.05%2019 20162.05% 727 684 3.00% 3.39% 2021 20163.00% 3.39% 8,500 8,500 2.85%2019 20162.85% 331 310 28,842 29,749 0.70% 4.35% 1.49% 4.35% 178 2017

( 35 3,670 3,503 1,214 1,010 (1,865) (843) 3,019 3,670 (981) (1,175) 2,038 2,495 36 2,030 1,750 1,411 1,608 1,321 1,151 4,762 4,509 32 (1,038) (635) 3,724 3,874 37 (a) 2014 179

( 37 (b) 2017 12 31 2,670 3,063 (168) (173) 2,502 2,890 % 4.10% 3.50% % 2010 2013 CL5 CL6 2010 2013 CL5 CL6 % 6.50% 6.50% % 2.50% 2.50% 180 2017

( 37 (b) % % 0.25 (73) 0.25 77 1.00 283 1.00 (240) 1.00 40 1.00 (33) 0.25 (95) 0.25 100 1.00 325 1.00 (275) 1.00 46 1.00 (38) 168 173 679 706 851 894 3,049 3,342 4,747 5,115 13 13.5 181

( 37 (b) 3,063 98 98 (220) 96 (124) (200) (167) 2,670 2,750 88 88 (80) 373 117 410 (185) 3,063 182 2017

( 38 122 79 (18) (86) 104 (7) (7) 235 14 162 (146) (51) (96) 104 (7) 183

( 38 51 22 64 70 104 11 82 15 25 25 29 88 5 7 360 238 (56) (85) (162) (123) (38) (37) (256) (245) 104 (7) 184 2017

( 38 22 29 51 70 (6) 64 11 93 104 15 78 (11) 82 25 25 88 (59) 29 7 (2) 5 238 133 (11) 360 (85) 29 (56) (123) (39) (162) (37) (1) (38) (245) 29 (40) (256) (7) 162 (51) 104 185

( 38 43 (21) 22 80 (10) 70 26 (15) 11 25 (10) 15 25 25 89 (1) 88 133 (133) 7 7 421 (173) (10) 238 (136) 51 (85) (39) (24) (60) (123) (11) (26) (37) (186) 27 (86) (245) 235 (146) (96) (7) 186 2017

( 38 42 167 409 1,637 6 27 32 128 48 194 441 1,765 39 (a) 151 137 14 47 (b) 11 311 11 151 148 325 58 (11) (324) (11) 151 137 1 47 (a) 40 LIBOR 14.2016.36 187

( 39 (a) (63) (122) 47 166 2 (16) 46 (b) 3 8.294.40 (177) 5 (16) (311) (488) (11) 188 2017

( 40 (a) 800 800 151 151 2,124 2,124 3,913 3,913 51 51 4,605 4,605 293 293 10,986 151 800 11,937 63,801 63,801 66,868 66,868 325 325 3,184 3,184 12,964 12,964 325 146,817 147,142 189

( 40 (a) 645 645 148 148 2,660 2,660 2,937 2,937 43 43 1,695 1,695 285 285 7,620 148 645 8,413 56,732 56,732 61,041 61,041 58 58 3,376 3,376 12,942 12,942 58 134,091 134,149 190 2017

( 40 (b) 2017 12 31 5,415 39(b) 191

( 40 (b) 31 3 16 16 961 74 28 1,065 1 131 (111) (6) (29,254) (627) (7,555) (4,921) (2,435) (1,058) 79 99 2 27 702 39 15 1,636 8 125 267 (123) (2) (1) (44,913) (326) (7,953) (4,215) (1,008) 1% (260)/260 41/(41) (377)/377 23/(23) (36)/36 (31)/31 (23)/23 (2)/2 (7)/7 (6)/6 192 2017

( 40 (b) 34 39(a) 4,605 1,695 51 43 (13,272) (15,419) (66,868) (61,041) 9,280 11,352 (50,529) (41,313) 25 (142) 17 (140) 21 193

( 40 (b) 25%21% 5%12.579.81 BSP BSP 7.179.22BSP 47(c)(iii) 194 2017

( 40 (b) 41,060 7,325 10,161 10,014 68,560 324 1 325 11,651 10,408 27,895 30,196 80,150 16,148 16,148 69,183 17,733 38,057 40,210 165,183 30,262 5,670 14,961 10,813 61,706 11 33 8 6 58 8,123 7,526 21,905 33,277 70,831 16,318 16,318 54,714 13,229 36,874 44,096 148,913 195

( 40 (c) 170,949 159,958 229,727 212,324 0.74 0.75 (d) 2017 2016 217 193 285 258 24,711 23,812 27,890 28,075 57,627 57,352 54,594 50,408 82,338 81,164 82,484 78,483 196 2017

( 40 (d) 197

( 40 (d) 39(a) 151 151 24 693 693 693 151 844 39(b) 311 311 39(a) 14 14 325 325 198 2017

( 40 (d) 39(b) 11 11 39(a) 137 137 24 538 538 538 148 686 39(b) 11 11 39(a) 47 47 58 58 AH 199

( 40 (d) 193 193 2,678 21,134 23,812 57,352 57,352 2,678 78,486 81,164 258 258 28,075 28,075 50,408 50,408 78,483 78,483 200 2017

( 41 1.00 A A 466 466 233 162 9,808 8,481 9,808 9,808 H H 4,659 4,659 14,467 14,467 A H 14,467 14,467 201

( 42 (a) (b) 22,327 (778) (51) 184 (2,579) 5,168 24,271 39 107 107 36 36 (1) (1) (403) (403) 144 (144) 7,213 7,213 4,498 4,498 48 (738) (738) 29,540 (778) 56 328 (2,947) 8,784 34,983 29,540 (778) 56 328 (2,947) 8,784 34,983 39 35 35 110 110 10 10 122 122 212 (212) 6,342 6,342 (709) (709) 29,540 (778) 91 540 (2,705) 14,205 40,893 (a) (b) 202 2017

( 43 2016 11 29 100%2017 2 8 17 14 18 2,019 305 429 4 59 1,097 670 536 1 (124) (1,915) (1,090) (26) (409) (262) (511) (47) (158) 87 679 1,754 2,433 2,433 (536) 1,897 203

( 44 37.44% 37.44% 9.64% 9.64% 40.00% 40.00% 17.00% 216 191 67 75 178 173 3 29 37 56 22 1,416 1,236 641 574 1,393 1,249 (105) 204 2017

( 44 8,257 8,939 4,289 507 7,680 8,244 3,843 462 577 695 446 45 580 695 461 45 1,124 1,230 79 9,313 16,171 7,047 2,260 4,471 1,576 4,395 6,282 2,067 1,491 1,230 846 (588) (274) (156) (894) (948) (682) 9 8 8 205

( 44 7,298 9,054 3,706 3,770 6,787 8,280 3,273 3,598 511 774 433 172 503 774 438 157 1,260 990 79 1,595 8,163 16,153 6,108 1,525 1,971 3,056 1,216 2,834 4,149 8,134 1,849 889 1,937 3,178 (196) 279 (675) (1,098) 428 11 (1,301) (2,096) (241) (11) (1) (39) (16) (9) 278 206 2017

( 45 (a) 8,610 6,497 13,769 12,345 143 129 12 11 45 63 (13) (74) (5) (3) (1,754) (12) (12) (4) (95) (33) (28) (202) (148) (49) (39) (2,378) 3,246 311 (2) 491 29 (111) (96) 3,184 2,641 22,004 24,464 (109) (202) (500) 208 (753) (839) (8) (8) (569) 1,836 1,725 (336) 340 1,424 62 (57) (728) (883) (217) 321 (139) 167 59 21,108 26,154 207

( 45 (b) 6,865 8,838 (c) 56,732 61,041 7,450 (10,587) (262) (409) (119) (2,362) 19,185 63,801 66,868 46 (a) 87,030 123,019 7,572 9,550 208 140 94,810 132,709 208 2017

( 46 (a) 28,322 28,384 27,516 32,306 19,273 28,983 7,829 18,334 4,090 15,012 87,030 123,019 (b) 3,048 3,814 2,559 3,124 7,112 7,616 7,528 7,605 20,247 22,159 332 362 164 225 156 411 37 732 689 1,730 20,936 23,889 209

210 2017 ( 47 35.06%35.06% 18.15% 3.16%18.15% 3.16% 24 (a) Air France-KLM 2017 2 8

( 47 (b) (iv) 29 23 (iv) (2) (10) (iv) (1) (1) * (ii) (145) (105) (ii) (152) (176) (ii) (276) (252) (ii) (2,538) (2,049) (ii) (60) (84) (ii) (22) (21) * (ii) (23) (36) (iii) 15 17 (ii) (87) (72) (ii) (44) (79) * (i) (1,254) (1,054) (i) (72) (51) (i) (58) (50) (iii) 15 * (ii) (68) (86) (ii) (62) (30) (ii) (53) (11) (ii) (75) (59) (ii) (104) (91) * (ii) (54) (54) 211

( 47 (b) * (ii)&(vi) (281) * (ii)&(vi) (117) (ii)&(vi) (7) * (ii)&(vi) 100 (ii)&(vi) (9) * (ii) (1,997) (2,721) * (ii) (25) (v) 2,433 ** (ii) (551) (590) (ii) (138) (68) ** (ii) (98) ** (ii) (399) ** (ii) 622 (i) (ii) (iii) (iv) (v) (vi) 43 212 2017

( 47 (b) * 14A ** 2017 12 312016 12 31 (c) (i) 194 1 195 379 536 10 16 135 57 29 2 2 9 5 5 569 616 213

( 47 (c) (ii) 51 85 31 37 105 45 25 19 1 2 4 3 9 18 14 19 1 4 241 232 2 240 578 324 10 166 302 303 11 20 1 29 16 26 50 72 551 963 2 18 316 368 269 3 5 2,111 2,534 214 2017

( 47 (c) (ii) 11,934 5,521 (iii) 0.35% 0.35% 4,053 1,296 3.48% 3.48% 28 28 (d) (e) 7878 34(b) 3 2 6 4 9 6 215

( 48 20165.1 738 5.120164.9 740 709 740 1,447 49 740.3 14,467,585,682 0.051 AH 5000.33% 0.64% 67 6798 216 2017

( 50 11,580 11,598 109,399 98,515 27 31 1,048 1,078 24,751 23,357 12,553 14,216 1,023 1,009 339 323 713 570 2,256 2,123 45 151 137 163,885 152,957 38 38 2,813 6,305 19,495 17,263 11 32 26 3,882 976 26,260 24,619 6,869 7,294 5,605 7,438 21,894 22,993 6,836 4,002 38,040 27,407 155 865 547 324 11 80,588 69,692 (54,328) (45,073) 109,557 107,884 217

( 50 38,233 36,203 21,691 23,033 496 741 2,097 2,075 1,979 2,148 95 1 47 64,497 64,342 45,060 43,542 14,467 14,467 30,593 29,075 45,060 43,542 218 2017

( 50 22,853 (720) (51) 184 (2,043) 1,164 21,387 39 107 107 31 31 (1) (1) (345) (345) 7,213 7,213 144 (144) 1,421 1,421 (738) (738) 30,066 (720) 56 328 (2,358) 1,703 29,075 39 35 35 104 104 82 82 212 (212) 2,006 2,006 (709) (709) 30,066 (720) 91 540 (2,172) 2,788 30,593 219

6,352 4,508 (b) (10) (10) 6,342 4,498 53,106 47,186 (a) 2,242 2,242 (b) 21 31 (c) (6) (6) (3) (3) 55,360 49,450 (a) (b) (c) 3%10 15 5%15 20 220 2017

中國東方航空股份有限公司 (在中華人民共和國註冊成立的股份有限公司) 股份代號 : A股 : 600115 H股 : 00670 ADR : CEA WORLD - CLASS HOSPITALITY WITH 年 報 2017 w w w. c e a i r. c o m EASTERN CHARM 世界品位 東方魅力 年 報 2017