公告称，通过本次发行，公司资产负债结构将显著改善，进一步提升机队整体运营效率与安全保障水 平，完善航线网络布局，增强对国家重大区域发展战略及"一带一路"沿线市场的航线覆盖，巩固公司在 航空运输领域的核心竞争优势。本次发行募集资金拟用于偿还债务及补充流动资金，有助于公司控制有 息负债规模，优化资产负债结构，提升财务稳健性;同时将充实公司资本实力，保障业务发展资金需 求，增强盈利能力和抗风险能力，为公司高质量发展提供有力支持。 智通财经APP讯，中国国航(00753)公布，于2025年10月30日，董事会批准本次向特定对象发行A股股 票，据此，公司已与中航集团公司及中航控股订立认购协议，以按发行价(即人民币6.57元╱股)向中航 集团公司及中航控股发行合共不超过3,044,140,030股新A股(含本数)，预期募集资金总额(于扣除相关发 行费用前)不超过人民币200.00亿元(含本数)。其中，中航集团公司拟认购不低于人民币50.00亿元;中航 控股拟认购不超过人民币150.00亿元。 此外，公司本次发行由控股股东中航集团公司及其控股子公司中航控股作为发行对象全额认购，进一步 增加控股股东持有公司股份，助力公司高质 ...

Core Points - China National Airlines (00753.HK) announced the board's approval for a private placement of A-shares on October 30, 2025 [1] - The company has signed a subscription agreement with AVIC Group and AVIC Holdings to issue up to 3.044 billion new A-shares at a price of RMB 6.57 per share [1] - The total expected fundraising amount is up to RMB 20 billion, with AVIC Group planning to subscribe for no less than RMB 5 billion and AVIC Holdings intending to subscribe for up to RMB 15 billion [1]

格隆汇10月30日丨中国国航(601111.SH)公布，公司拟向控股股东中航集团和关联方中航控股发行A股股 票，募集资金总额不超过200亿元，发行价格为6.57元/股。本次发行募集资金拟用于偿还债务及补充流 动资金。中航集团和中航控股拟以现金方式认购公司本次发行的全部A股股票。本次发行完成后，中航 集团仍为公司控股股东。 MACD金叉信号形成，这些股涨势不错！ ...

Group 1 - The core viewpoint of the article highlights that Air China (00753) reported its performance for the first three quarters of 2025, showing a slight increase in revenue and a significant rise in net profit [1] Group 2 - The company achieved an operating revenue of 129.826 billion yuan, representing a year-on-year growth of 1.31% [1] - The net profit attributable to shareholders of the listed company was 1.87 billion yuan, reflecting a year-on-year increase of 37.31% [1] - The basic earnings per share stood at 0.11 yuan [1]

Core Viewpoint - China National Airlines (601111.SH) reported a revenue of 129.826 billion yuan for the first three quarters, reflecting a year-on-year growth of 1.31% [1] - The net profit attributable to shareholders reached 1.87 billion yuan, marking a year-on-year increase of 37.31% [1] - The net profit excluding non-recurring gains and losses was 1.644 billion yuan, showing a significant year-on-year growth of 279.95% [1] Financial Performance - Total operating revenue for the first three quarters was 129.826 billion yuan, up 1.31% year-on-year [1] - Net profit attributable to shareholders was 1.87 billion yuan, an increase of 37.31% compared to the previous year [1] - Net profit after excluding non-recurring items was 1.644 billion yuan, reflecting a substantial growth of 279.95% year-on-year [1]

Core Insights - China National Airlines (00753.HK) reported a revenue of approximately RMB 49.068 billion for Q3 2025, representing a year-on-year increase of 0.9% [1] - The net profit for the same period was approximately RMB 3.675 billion, showing a year-on-year decline of 11.31% [1] - Basic earnings per share stood at RMB 0.22 [1] Financial Performance - For the first three quarters, the total revenue reached approximately RMB 129.826 billion, reflecting a year-on-year increase of 1.31% [1] - The net profit for the first three quarters was RMB 1.87 billion, which is a year-on-year increase of 37.31% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購中國國際航空股份有限公司證券的邀請或 要約。 00753 關連交易：建議向特定對象發行A股股票 獨立董事委員會及獨立股東之 獨立財務顧問 關連交易：建議向特定對象發行A股股票 本次向特定對象發行A股股票項下的新A股將根據於臨時股東會上向股東尋求的特別授 權發行。本次向特定對象發行A股股票須待（其中包括）相關決議案於臨時股東會上獲 批准後，方能進行。 由於中航集團公司為本公司控股股東，中航控股是中航集團公司的全資附屬公司，因 此中航集團公司及中航控股是本公司的關連人士，根據香港上市規則第14A章，本次 向特定對象發行A股股票構成本公司的關連交易，並須遵守公告、申報及獨立股東批 准的規定。 由全體獨立非執行董事組成的獨立董事委員會已告成立，以就本次向特定對象發行A 股股票向獨立股東提供意見。寶橋融資已獲委任為獨立財務顧問，以就本次向特定對 象發行A股股票向獨立董事委員 ...

Financial Performance - Total operating revenue for Q3 2025 reached RMB 49,068,750, representing a year-on-year increase of 0.90%[7] - Net profit attributable to shareholders decreased by 11.31% year-on-year to RMB 3,675,509[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased significantly by 279.95% year-on-year to RMB 3,647,601[7] - The total profit for the reporting period was RMB 4,144,426, a decrease of 5.16% year-on-year[7] - Total operating revenue for the first three quarters of 2025 reached RMB 129,826,184 thousand, a slight increase of 1.31% compared to RMB 128,149,919 thousand in the same period of 2024[32] - Net profit for the first three quarters of 2025 was RMB 1,357,097 thousand, representing a significant increase of 76.3% compared to RMB 769,271 thousand in 2024[33] - Operating profit for the first three quarters of 2025 was RMB 1,224,326 thousand, an increase of 47.5% from RMB 829,699 thousand in 2024[33] - Basic and diluted earnings per share for the first three quarters of 2025 were both RMB 0.11, compared to RMB 0.09 in 2024[34] - Net profit for the first three quarters of 2025 was RMB 467,262 thousand, up 1.4% from RMB 462,065 thousand in 2024[49] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 349,363,328, reflecting a 1.04% increase from the previous year[9] - The total liabilities decreased from RMB 137,610,055 thousand to RMB 117,406,524 thousand, showing a reduction of about 14.7%[28] - The total liabilities as of September 30, 2025, amounted to RMB 307,030,290 thousand, slightly up from RMB 304,824,203 thousand at the end of 2024[29] - Total non-current liabilities increased to RMB 189,623,766 thousand as of September 30, 2025, compared to RMB 167,214,148 thousand at the end of 2024, marking a growth of 13.4%[29] - The total equity attributable to shareholders increased by 2.67% to RMB 46,350,829 compared to the end of the previous year[9] - The total equity attributable to shareholders of the parent company was RMB 46,350,829 thousand as of September 30, 2025, up from RMB 45,147,411 thousand at the end of 2024[29] - The total cash and cash equivalents at the end of September 2025 reached RMB 24,213,124, compared to RMB 20,260,860 at the end of September 2024[40] - The total liabilities and equity amounted to RMB 235,243,186 thousand as of September 30, 2025, slightly down from RMB 235,743,560 thousand at the end of 2024[46] Cash Flow - Cash flow from operating activities for the year-to-date period was RMB 34,076,814, showing a 10.85% increase[7] - Operating cash flow for the first three quarters of 2025 was RMB 34,076,814, an increase of 10.8% compared to RMB 30,741,937 in 2024[38] - Cash inflow from investment activities totaled RMB 3,174,154 in 2025, up from RMB 2,470,695 in 2024, while cash outflow was RMB 13,798,386, compared to RMB 12,710,264 in the previous year[39] - The net cash flow from financing activities in 2025 was -RMB 20,244,400, worsening from -RMB 15,283,175 in 2024, with cash inflow increasing to RMB 71,779,829 from RMB 34,439,551[39] - Cash flow from operating activities generated a net amount of RMB 21,031,119 thousand, an increase from RMB 19,770,703 thousand in the previous year[53] Shareholder Information - The company has a significant shareholder structure, with China National Aviation Holding Company holding 42.53% of shares, indicating strong control over the company[19] - The company reported a total of 6,566,761,847 circulating shares held by major shareholders, reflecting a stable shareholder base[19] - There are no significant changes in the participation of major shareholders in margin financing and securities lending activities[21] Research and Development - The company reported an increase in research and development expenses to RMB 312,482 thousand in the first three quarters of 2025, compared to RMB 293,450 thousand in 2024, reflecting a focus on innovation[32] - Research and development expenses rose to RMB 106,756 thousand in 2025, compared to RMB 84,680 thousand in 2024, reflecting a focus on innovation[49] Other Financial Metrics - The weighted average return on equity decreased by 2.50 percentage points to 8.26%[7] - Other comprehensive income after tax for the first three quarters of 2025 was RMB -670,077 thousand, a decline from RMB 120,134 thousand in 2024[34] - Other comprehensive income after tax increased to RMB 31,574 thousand in 2025 from RMB 15,207 thousand in 2024[50] - The company reported a decrease in financial expenses to RMB 2,416,485 thousand in 2025 from RMB 2,815,913 thousand in 2024, indicating improved financial management[49] - The company reported government subsidies of RMB 67,334 for the current period, contributing to its financial performance[11]

Group 1 - China National Aviation (China National Airlines) plans to raise up to 20 billion yuan through a private placement of A-shares to repay debts and supplement working capital [1] - The issuance price is set at 6.57 yuan per share, with the controlling shareholder AVIC Group and its affiliate AVIC Holdings fully subscribing in cash [1] - As of the end of September 2025, China National Aviation reported total liabilities of 307 billion yuan and total assets of 349.4 billion yuan, resulting in a debt-to-asset ratio of 87.88% [1] Group 2 - The aviation industry has shown signs of recovery this year, with major airlines reporting increases in passenger capacity, passenger turnover, and load factors [2] - As of September 2025, China National Aviation's passenger turnover (measured in revenue passenger kilometers) increased by 5.6% year-on-year, while passenger capacity increased by 1.2% [2] - Domestic passenger capacity decreased by 0.3%, but passenger turnover increased by 3.4%, while international passenger capacity and turnover increased by 4.8% and 11.4%, respectively [2] Group 3 - Cathay Haitong Securities noted that during recent important domestic meetings, the civil aviation market maintained high load factors, and domestic ticket prices continued to rise year-on-year [3] - There is optimism regarding the sustainability of business travel recovery and ticket price increases, which could lead to a significant and sustainable rise in airline profitability by 2026 if business demand continues to recover [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外市場公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條的規定而發表。 附件為中國國際航空股份有限公司於上海證券交易所刊發之 中國國際航空股份有限公司 (1) 2025年度向特定對象發行A股股票募集資金使用可行性研究報告 (2) 關於前次募集資金使用情況報告及審核報告 (3) 關於前次募集資金使用情況的報告 承董事會命 中國國際航空股份有限公司 公司秘書 肖烽 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00753） 中國北京，二零二五年十月三十日 於本公告日期，本公司的董事為劉鐵祥先生、王明遠先生、崔曉峰先生、Patrick Healy （賀以禮）先生、肖鵬先生、徐念沙先生*、禾雲先生*、譚允芝女士*及高春雷先生*。 * 本公司獨立非執行董事 证券代码：601111 证券简称：中国国航 中国国际航空股份有限公司 2025 年度向特定对象发行 A 股股票 募集资金使用可行 ...