东方航空作为中国最大的航空公司之一，多年来一直未分配和转增股票。这引起了广泛关注和猜测。在讨论这个问题之前，我们先来了解一下什么是股票分配和转增。

股票分配是指公司将盈利的一部分以现金或股票形式分发给股东。这是公司回报股东的一种方式，也可以增加股东的权益。而转增股票是指公司将已有的股份进行拆分，增加股本总数，但每股的价值不变。这为现有股东提供了更多的股票。

那么为什么东方航空多年来没有进行股票分配和转增呢？

首先，要理解东方航空的经营环境和市场竞争情况。航空业是一个高度竞争的行业，公司需要持续投资以保持竞争力，并满足不断增长的市场需求。东方航空可能选择将利润用于业务扩展、技术升级和航线开拓等方面，以应对激烈的竞争。这意味着他们没有剩余利润用于股票分配或转增。

其次，东方航空在过去几年中也面临了一些挑战。例如，全球经济不稳定和航空市场波动导致航空公司的利润有所下降。此外，疫情的爆发也给航空业带来了巨大的冲击，导致大量航班被取消，旅客需求骤减。为了应对这些困境，东方航空可能选择将利润用于维持运营和保障员工收入，并缓解疫情对企业的不利影响。

最后，东方航空也可能考虑到了股价和股东利益的问题。股票分配和转增会增加股本总数，对于现有股东而言，每股的价值可能会相应降低。而目前，东方航空的股价相对稳定，如果进行股票分配和转增可能会对股价产生负面影响。因此，公司可能认为目前不进行股票分配和转增更符合股东的利益。

总之，东方航空多年来未进行股票分配和转增可能是基于多种原因。公司可能选择将利润用于业务扩展和应对市场竞争，面对经济和疫情等挑战，以及考虑到股价和股东利益等因素。对于股东而言，虽然没有股票分配和转增，但公司稳定的经营和发展前景仍然是一个吸引人的投资选择。

As one of China's largest airlines, China Eastern Airlines has not distributed or increased its stocks for many years. This has attracted widespread attention and speculation. Before discussing this issue, let's first understand what stock distribution and stock increase mean.

Stock distribution refers to the company distributing a portion of its profits to shareholders in the form of cash or stocks. It is a way for companies to reward shareholders and increase their equity. On the other hand, stock increase refers to the company splitting its existing shares, increasing the total share capital, but maintaining the same value per share. This provides existing shareholders with more shares.

So why hasn't China Eastern Airlines distributed or increased its stocks for many years?

First, we need to understand the operating environment and market competition faced by China Eastern Airlines. The airline industry is a highly competitive sector, and companies need continuous investment to maintain competitiveness and meet the growing market demand. China Eastern Airlines may choose to use its profits for business expansion, technological upgrades, and route development to cope with intense competition. This means that they have no surplus profits available for stock distribution or increase.

Secondly, China Eastern Airlines has also faced some challenges in recent years. For example, global economic instability and market volatility have led to a decrease in airline profits. In addition, the outbreak of the pandemic has had a significant impact on the airline industry, resulting in a large number of flight cancellations and a sharp decline in passenger demand. To cope with these difficulties, China Eastern Airlines may choose to use its profits to maintain operations, ensure employee income, and mitigate the adverse effects of the pandemic on the company.

Finally, China Eastern Airlines may also consider stock price and shareholder interests. Stock distribution and increase would increase the total share capital, potentially reducing the value per share for existing shareholders. Currently, China Eastern Airlines' stock price is relatively stable, and implementing stock distribution and increase may have a negative impact on the stock price. Therefore, the company may believe that not carrying out stock distribution and increase is more in line with shareholder interests.

In conclusion, China Eastern Airlines' decision to not distribute or increase its stocks for many years may be based on various reasons. The company may choose to use its profits for business expansion, cope with market competition, face economic and pandemic challenges, and take into account stock price and shareholder interests. Although there is no stock distribution or increase, the company's stable operations and development prospects remain an attractive investment choice for shareholders.