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南方航空:南方航空关于聘任高级管理人员的公告
2023-08-29 12:02
证券代码:600029 证券简称:南方航空 公告编号:临 2023-050 1 特此公告。 上述高级管理人员任期与本届董事会任期一致。 上述议案的审议方式及程序等符合《公司法》及《公司章程》 的规定。 独立董事意见: 曲光吉先生任职资格合法,其提名程序符合有关法律、法规 和《公司章程》的规定,能够胜任所聘岗位的职责要求,同意董 事会对上述人员的聘任。 独立董事:何超琼、顾惠忠、郭为、蔡洪平 中国南方航空股份有限公司 关于聘任高级管理人员的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假 记载、误导性陈述或者重大遗漏,并对其内容的真实性、准确性 和完整性承担法律责任。 2023 年 8 月 29 日,中国南方航空股份有限公司(以下简称 "本公司"、"公司")召开第九届董事会第十六次会议,应出席会 议董事 7 人,实际出席会议董事 7 人。经出席本次董事会的董事 审议并表决,一致通过以下议案: 同意聘任曲光吉先生为公司副总经理。 中国南方航空股份有限公司董事会 2023 年 8 月 29 日 2 附件:曲光吉先生简历 曲光吉,男,1970 年 2 月出生(53 岁),1993 年 7 月参加工作, 199 ...
南方航空:南方航空对中国南航集团财务有限公司的风险持续评估报告
2023-08-29 12:02
-、 (以 ) (以 )的 ,1994年 1月 27日 ,1995 6月 28日 :姚 :广 68号 13A层 :有 (外 ) :L0059H244010001 :91440000231120157L :吸 ;办 ;办 ;办 ;提 ;从 ;办 ;办 ;有 (股 );对 ;银 1 ,根 ,内 8个 :前 ,中 (董 ), 2.内 ,进 ;监 ,履 ;高 ,负 , ,总 " ",但 ,形 3.内 ,按 ,不 ,完 ,每 2 控制建设和评价工作,营造主动合规浓厚氛围,持续提高内 控体系建设和管理水平。 (二)控制活动 (一 )控 1.治 南航财务公司制定了《信贷业务授信管理办法》《客户 信用评级实施细则》《保证业务实施细则》《贷后检查实施 细则》《电子商业汇票业务实施细则》等制度。建立了信贷 业务集体决策机制,统一开展客户评级和授信。在贷前调查、 贷中审查、贷后检查等各业务环节均建立较为完善的控制措 施,构建了前、中、后台分离的贷款风险管理机制,建立了 审贷分离的贷款审批程序,有效防控信贷风险。 3.同业业务控制 南航财务公司制定了《同业业务管理办法》《同业授信 实施细则》《同业存单实施细则》《同业拆借业务实施细则 ...
南方航空:南方航空2023年7月主要运营数据公告
2023-08-16 09:56
证券代码:600029 证券简称:南方航空 公告编号:临 2023-047 中国南方航空股份有限公司 2023 年 7 月主要运营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假 记载、误导性陈述或者重大遗漏,并对其内容的真实性、准确性 和完整性承担法律责任。 2023年7月,中国南方航空股份有限公司及所属子公司(以 下简称"本集团")客运运力投入(按可利用座公里计)同比上 升51.69%,其中国内、地区、国际分别同比上升30.35%、1153.57%、 717.68%;旅客周转量(按收入客公里计)同比上升75.39%,其 中国内、地区、国际分别同比上升49.76%、1381.95%、893.88%; 客座率为80.92%,同比上升10.93个百分点,其中国内、地区、 国际分别同比上升10.43、12.83、14.75个百分点。 货运方面,2023年7月货运运力投入(按可利用吨公里—货 邮运计)同比上升28.12%;货邮周转量(按收入吨公里—货邮运 计)同比上升6.79%;货邮载运率为46.72%,同比下降9.33个百 分点。 2023年7月,本集团新增主要航线情况如下:重庆-运城-大 1 连-运 ...
南方航空:南方航空H股公告-董事会召开日期变更
2023-08-11 10:01
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的內容概不負責,對其準 確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 (在中華人民共和國註冊成立的股份有限公司) (股份代號:1055) 承董事會命 中國南方航空股份有限公司 聯席公司秘書 陳威華及劉巍 中華人民共和國,廣州 2023年8月11日 於本公告日期,董事包括執行董事馬須倫、韓文勝及羅來君 ; 及獨立非執行董事何超瓊、顧 惠忠、郭為及蔡洪平。 1 董事會召開日期變更 謹此提述中國南方航空股份有限公司(「本公司」)日期為2023年6月21日之公告,有關本 公司董事會(「董事會」)將於2023年8月30日(星期三)舉行董事會會議,藉以考慮及通 過(其中包括)本公司截至2023年6月30日止六個月的中期業績及派發中期股息(如有)。 董事會宣佈董事會會議已改期於2023年8月29日(星期二)舉行。 ...
南方航空:南方航空关于参加沪市航空机场行业上市公司2022年年报集体业绩说明会的公告
2023-05-17 08:58
证券代码:600029 证券简称:南方航空 公告编号:临 2023-026 中国南方航空股份有限公司 关于参加沪市航空机场行业上市公司 2022 年年报集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏,并对其内容的真实性、准确性和完 整性承担法律责任。 重要内容提示: ● 会议召开时间:2023 年 5 月 25 日(星期四)16:00-17:00 ● 会议召开地点:上海证券交易所上证路演中心(网址: http://roadshow.sseinfo.com/) ● 会议主题:沪市航空机场行业上市公司集体业绩说明会 ● 会议召开方式:上证路演中心视频录播和网络互动 ● 投资者可于 2023 年 5 月 18 日(星期四)至 5 月 24 日(星 期三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏 目或通过公司邮箱 ir@csair.com 进行提问,公司将在说明会上对投 资者普遍关注的问题进行回答。 中国南方航空股份有限公司(以下简称"公司")已于 2023 年 3 月 29 日、2023 年 4 月 29 日分别发布公司 2022 年度报告、 ...
南方航空(600029) - 2023 Q1 - 季度财报
2023-04-28 16:00
Financial Performance - Operating revenue for Q1 2023 reached RMB 34,055 million, an increase of 58.61% compared to the same period last year[4] - Net profit attributable to shareholders was a loss of RMB 1,898 million, reflecting a recovery in the air passenger market[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 2,163 million[5] - Basic and diluted earnings per share were both -0.10 RMB, indicating a reduction in losses[5] - Net profit for Q1 2023 was a loss of RMB 1,724 million, compared to a loss of RMB 4,539 million in Q1 2022, showing an improvement of 62.0%[20] - The total comprehensive income attributable to the parent company for Q1 2023 was -1,898 million RMB, an improvement from -4,496 million RMB in Q1 2022[21] Cash Flow and Liquidity - Net cash flow from operating activities was RMB 8,808 million, a significant increase compared to the previous year[5] - The net cash flow from operating activities for Q1 2023 was 8,808 million RMB, compared to only 17 million RMB in Q1 2022, indicating a substantial improvement[24] - The company incurred a net cash outflow of 8,176 million RMB from financing activities in Q1 2023, a decline from a net inflow of 1,081 million RMB in the same period last year[25] - The cash inflow from investment activities was 987 million RMB in Q1 2023, an increase from 607 million RMB in Q1 2022[24] - The total cash inflow from operating activities was 38,946 million RMB in Q1 2023, compared to 23,889 million RMB in Q1 2022, indicating strong operational performance[24] Assets and Liabilities - Total assets at the end of the reporting period were RMB 308,760 million, a decrease of 1.04% from the end of the previous year[5] - The company's total assets decreased to RMB 308,760 million in Q1 2023 from RMB 312,001 million in Q4 2022, a decline of 1.0%[17] - Total liabilities for Q1 2023 were RMB 255,370 million, slightly down from RMB 256,887 million in Q4 2022, a decrease of 0.6%[16] Shareholder Information - Shareholder equity attributable to shareholders was RMB 39,159 million, down 4.62% from the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 139,577[9] - The largest shareholder, China Southern Airlines Group Co., Ltd., holds 51.90% of the shares[9] - The company has a significant foreign shareholder base, with 2,612,124,036 shares held by Nanlong Holdings Limited[10] - The company has a total of 2,648,836,036 shares held by related parties through various subsidiaries[10] Operational Costs and Expenses - Total operating costs for Q1 2023 were RMB 36,569 million, up from RMB 28,055 million in Q1 2022, indicating a rise of 30.4%[18] - Research and development expenses rose to RMB 114 million in Q1 2023, up from RMB 88 million in Q1 2022, reflecting a growth of 29.5%[18] - The cash outflow for purchasing goods and services was 20,631 million RMB in Q1 2023, compared to 15,009 million RMB in Q1 2022, reflecting increased operational costs[24] Guarantees and SPV Companies - The company has provided guarantees totaling USD 54.33 million for various SPV companies during the reporting period[13] - The company has issued guarantees for SPV companies, including USD 5.88 million for South Airlines No. 9 and USD 5.17 million for South Airlines No. 10[12] - The company has a total of 24 SPV companies that have received guarantees, with amounts ranging from USD 0.08 million to USD 5.88 million[13] Future Outlook - The company has not disclosed any significant new product developments or market expansions during the reporting period[11] - The company has not provided specific future performance guidance in the current report[11] - The company has not indicated any plans for mergers or acquisitions in the near term[11]
南方航空(600029) - 2022 Q4 - 年度财报
2023-03-28 16:00
Financial Performance - The company's operating revenue for 2022 was RMB 87,059 million, a decrease of 14.35% compared to RMB 101,644 million in 2021[22]. - The net loss attributable to shareholders for 2022 was RMB (32,682) million, representing a significant increase of 170.03% from RMB (12,103) million in 2021[22]. - The net cash flow from operating activities for 2022 was RMB 3,465 million, down 74.09% from RMB 13,371 million in 2021[22]. - The basic loss per share for 2022 was RMB (1.90), an increase of 153.33% compared to RMB (0.75) in 2021[23]. - The total assets at the end of 2022 were RMB 312,001 million, a decrease of 3.39% from RMB 322,948 million at the end of 2021[22]. - The company reported a net loss of RMB (15,095) million in Q4 2022, with total revenue of RMB 16,898 million for the quarter[28]. - Non-recurring gains and losses for 2022 totaled RMB 1,346 million, compared to RMB 527 million in 2021[29]. - The weighted average return on equity for 2022 was (62.19)%, a decrease of 44.62 percentage points from (17.57)% in 2021[23]. - The company's total operating costs amounted to RMB 105,862 million, an increase of RMB 1,633 million or 1.57% year-on-year[64]. - The financial expenses surged by 129.57% to RMB 9,240 million, mainly due to an increase in exchange losses[68]. Operational Metrics - In 2022, the company achieved a passenger transportation volume of 62.64 million, with a year-on-year decrease of 36.41% compared to 2021[41]. - The total cargo and mail transportation volume reached 1.33 million tons, reflecting an 8.00% decrease from the previous year[41]. - The company reported a total revenue passenger kilometers (RPK) of 102,077.70 million, down 33.03% from 2021[41]. - The available seat kilometers (ASK) totaled 153,845.14 million, a decrease of 28.08% compared to the previous year[41]. - The passenger load factor (RPK/ASK) decreased by 4.90% to 66.35% from 71.25%[43]. - Revenue per available seat kilometer (RASK) increased by 20.41% to RMB 0.59 from RMB 0.49[43]. - Total flight kilometers decreased by 24.55% to 994.38 million from 1,317.85 million[45]. - Total flight hours decreased by 26.24% to 1,556.69 thousand hours from 2,110.36 thousand hours[45]. - The fleet size at the end of 2022 was 894 aircraft, with 23 deliveries and 7 retirements during the reporting period[46]. Risk Management - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[7]. - The company emphasizes the importance of risk awareness in its forward-looking statements, advising investors to consider potential risks[7]. - The company faces macroeconomic risks that could impact air passenger and cargo demand, affecting overall business performance[116]. - The company is exposed to risks from major pandemics and natural disasters, which could disrupt normal operations and adversely affect long-term development[119]. - The company acknowledges the risk of intensified industry competition and the need for effective marketing strategies to maintain revenue targets[120]. - The company highlights the significant impact of fuel price fluctuations, estimating that a 10% change in average fuel prices could affect operating costs by RMB 3,267 million[127]. - The company is vulnerable to exchange rate fluctuations, with a 1% change in the USD/RMB exchange rate potentially impacting shareholder equity by RMB 293 million[125]. - The company emphasizes the importance of flight safety, noting that various external factors could pose risks to operational safety and reputation[122]. - The company recognizes the need for robust information security management to mitigate risks that could affect operations and services[123]. Corporate Governance - The board of directors confirmed that all seven members attended the meeting to approve the annual report, ensuring full accountability[5]. - The company held 2 shareholder meetings during the reporting period, ensuring legal compliance and effective participation from all shareholders, particularly minority investors[131]. - The board of directors consists of 7 members, with independent directors making up over 50% of the board, and held 12 meetings in 2022[132]. - The audit and risk management committee is composed entirely of independent directors, ensuring rigorous oversight of financial reporting and risk management[135]. - The company’s governance structure aligns with the guidelines set by the China Securities Regulatory Commission, ensuring effective checks and balances[129]. - The company has not been subject to any penalties from securities regulatory authorities in the past three years[170]. - The company has established a comprehensive internal control management framework, ensuring clarity in responsibilities and organizational structure[193]. - The company has not disclosed any significant issues regarding its governance self-inspection actions[194]. - The company’s major shareholder, China Southern Airlines Group, does not interfere with the company’s decision-making processes[130]. Strategic Initiatives - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[22]. - The company plans to increase domestic capacity and enhance international route profitability in 2023, with new routes including Guangzhou-Melbourne and Guangzhou-Vancouver[90]. - The company is actively pursuing new strategies to adapt to market changes, although detailed plans were not outlined[147]. - The company plans to implement a performance contract for senior management in 2022, which was approved during the compensation and assessment committee meetings[182]. - The company is exploring partnerships with tech firms to integrate advanced analytics into its operations, aiming for implementation by Q3 2024[149]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 3 billion yuan for potential deals[158]. - The company aims to enhance safety and operational quality in 2023, focusing on risk management and digital safety ecosystems[107]. - The company plans to maintain strategic focus and ensure the implementation of high-quality development strategies, including enhancing the Beijing hub and optimizing domestic and international route networks[112]. Environmental Responsibility - The company invested 14,802,000 RMB in environmental protection during the reporting period[195]. - The company’s environmental management includes compliance with pollution discharge standards, with specific measures in place for wastewater and waste gas emissions[195]. - The company reported that all pollutant emissions during the reporting period complied with national emission standards, with no violations of environmental laws or regulations[199]. - The construction and operation of pollution control facilities were executed in strict accordance with the regulations of the ecological environment authorities, ensuring simultaneous operation with production facilities[200]. - Hazardous waste is collected and stored in designated hazardous waste storage areas, with regular transfers and disposal conducted by qualified entities[200]. - The company has not experienced any major environmental pollution incidents or significant ecological damage events during the reporting period[199].
南方航空(600029) - 2022 Q2 - 季度财报
2022-08-30 16:00
Financial Performance - The company reported a significant increase in passenger traffic, with a year-on-year growth of 25% in revenue passenger kilometers (RPK) for the first half of 2022[7]. - The overall load factor improved to 80%, up from 75% in the same period last year, indicating better capacity utilization[7]. - The total operating revenue for the first half of 2022 reached RMB 50 billion, representing a 30% increase compared to the previous year[7]. - The company reported a net profit of RMB 5 billion for the first half of 2022, a significant recovery from the losses experienced in the previous year[7]. - The company's operating revenue for the first half of 2022 was RMB 40,817 million, a decrease of 20.86% compared to RMB 51,576 million in the same period last year[12]. - The net loss attributable to shareholders for the first half of 2022 was RMB (11,488) million, representing an increase of 145.05% from RMB (4,688) million in the previous year[12]. - The basic loss per share for the first half of 2022 was RMB (0.68), an increase of 126.67% compared to RMB (0.30) in the same period last year[13]. - The net loss for the first half of 2022 was RMB 11,983 million, compared to a net loss of RMB 3,964 million in the same period of 2021[157]. Revenue and Cost Analysis - The cargo revenue increased by 15%, contributing RMB 10 billion to the total revenue, driven by strong demand for air freight services[7]. - Passenger revenue decreased by 32.65% to RMB 26,732 million, primarily due to a 43.47% decline in domestic passenger turnover caused by adverse effects of the domestic pandemic[36]. - Cargo and mail revenue increased by 25.68% to RMB 11,143 million, driven by rising international freight rates[36]. - Operating costs for the first half of 2022 were RMB 49,455 million, a decrease of 4.65% year-on-year, with fuel costs rising by 16.69% to RMB 14,395 million[42]. - The gross profit margin for the main business decreased by 23.35% year-on-year, indicating challenges in profitability[44]. Operational Capacity and Fleet Management - The company plans to expand its fleet by adding 20 new aircraft by the end of 2023, enhancing its operational capacity[7]. - The fleet size as of June 30, 2022, totaled 880 aircraft, with an average age of 8.4 years[20]. - The total available seat kilometers (ASK) decreased by 34.33% from 114,295.35 million to 75,058.50 million[18]. - The total available ton kilometers (ATK) decreased by 26.92% from 17,863.41 million to 13,054.10 million[18]. - The total flight hours increased by 30.92% from 1,127.65 thousand hours to 779.02 thousand hours[19]. Strategic Initiatives and Future Outlook - Future guidance indicates an expected revenue growth of 20% for the second half of 2022, supported by increased travel demand[7]. - The company is focusing on digital transformation initiatives, aiming to enhance customer experience and operational efficiency through new technologies[7]. - The company aims to focus on high-quality development and strategic transformation towards digitalization and market-oriented operations[23]. - The company has no plans for major acquisitions in the near term but is exploring strategic partnerships to enhance market presence[7]. Environmental and Sustainability Efforts - The management highlighted the importance of sustainability initiatives, with plans to reduce carbon emissions by 10% over the next five years[7]. - The company is committed to green development and has been recognized as a key pollutant discharge unit in Shenyang and Guangzhou[82]. - The company achieved a fuel consumption of 2.83 tons per 10,000 ton-kilometers during the reporting period, demonstrating effective fuel management[99]. - The company has implemented a comprehensive environmental monitoring plan, ensuring that all major pollutants are within compliance during the reporting period[88]. - The company actively participated in carbon trading mechanisms, successfully completing the EU carbon trading compliance for 2021 in April 2022[93]. Financial Position and Liabilities - The total assets at the end of the reporting period were RMB 321,152 million, a slight decrease of 0.56% from RMB 322,948 million at the end of the previous year[12]. - The company's total liabilities reached RMB 249,764 million, up from RMB 238,703 million in the previous period[149]. - The current ratio decreased to 29.85%, down 4.27 percentage points from the previous year[51]. - The debt-to-asset ratio was 77.77%, an increase of 3.86 percentage points from 73.91% on December 31, 2021[51]. - The net assets attributable to shareholders at the end of the reporting period were RMB 56,143 million, a decrease of 16.97% from RMB 67,616 million at the end of the previous year[12]. Employee and Corporate Governance - As of June 30, 2022, the company had a total of 97,709 employees, a decrease from 98,098 employees on December 31, 2021[81]. - The company did not propose any profit distribution or capital reserve conversion plans for the half-year period[81]. - The company appointed KPMG Huazhen as the auditor for its 2022 domestic financial report and internal control report, as well as for its 2022 Hong Kong financial report[107]. - The company has not experienced a significant impact on its financial position or operating results from the adoption of new accounting regulations[121]. Market and Economic Challenges - The company faces macroeconomic risks that directly impact air passenger and cargo demand, affecting overall business performance[61]. - The company anticipates continued losses in the global aviation industry, with an estimated net loss of $9.7 billion for 2022 due to high oil prices and pandemic impacts[74]. - The Chinese civil aviation industry faced significant challenges, with passenger transport volume at 36.7% of 2019 levels[24].
南方航空(600029) - 2022 Q1 - 季度财报
2022-04-28 16:00
Financial Performance - The total operating revenue for the first quarter of 2022 was RMB 21,471 million, representing a year-on-year increase of 1.03%[2] - The net profit attributable to shareholders of the listed company was RMB -4,496 million, a decrease of 12.23% compared to the same period last year[3] - The basic and diluted earnings per share were both RMB -0.27, reflecting a decrease of 3.85% year-on-year[3] - Total operating costs for Q1 2022 increased to RMB 28,055 million from RMB 27,038 million in Q1 2021, reflecting a rise of 3.76%[15] - Net profit attributable to shareholders of the parent company for Q1 2022 was a loss of RMB 4,496 million, compared to a loss of RMB 4,006 million in Q1 2021, indicating a deterioration of 12.2%[17] - The company recorded other income of RMB 550 million in Q1 2022, down from RMB 627 million in Q1 2021, a decrease of 12.3%[17] - The financial expenses for Q1 2022 were RMB 1,166 million, a decrease from RMB 1,530 million in Q1 2021, representing a reduction of 23.8%[15] Cash Flow - The net cash flow from operating activities was RMB 17 million, which is not applicable for year-on-year comparison[5] - The company reported a net cash flow from operating activities of RMB 17 million in Q1 2022, a recovery from a negative cash flow of RMB 51 million in Q1 2021[21] - Cash inflow from financing activities totaled $28,910 million, a decrease of 38.5% compared to $47,060 million in the previous period[22] - Net cash flow from financing activities was $1,081 million, down from $3,202 million, indicating a decline of 66.3%[22] - Cash and cash equivalents at the end of the period were $19,720 million, compared to $25,019 million at the end of the previous period, reflecting a decrease of 21.1%[22] - The company reported a cash decrease of $1,736 million during the period, compared to a decrease of $400 million previously[22] Assets and Liabilities - The total assets at the end of the reporting period were RMB 319,820 million, a decrease of 0.97% from the end of the previous year[3] - The company's total liabilities amounted to RMB 240,114 million, slightly up from RMB 238,703 million in the previous year[13] - The company's non-current assets totaled RMB 284,393 million, a slight decrease from RMB 285,082 million year-over-year[12] - Short-term borrowings increased significantly to RMB 35,862 million from RMB 25,116 million year-over-year[12] - The company's current assets totaled RMB 35,427 million, a decrease from RMB 37,866 million at the end of the previous year[12] Shareholder Information - The company had a total of 142,786 common shareholders at the end of the reporting period[6] - The largest shareholder, China Southern Airlines Group, held 50.75% of the shares, totaling 8,600,897,508 shares[6] - The company reported a total equity of RMB 16,948 million, unchanged from the previous year[13] - The equity attributable to shareholders of the listed company was RMB 63,120 million, down 6.65% from the end of the previous year[3] Guarantees and Commitments - The total amount guaranteed by the company for SPV companies reached $53.79 million as of the report date[10] - The company has provided guarantees for 43 SPV companies, with the highest guarantee amounting to $5.88 million for SPV company 南航 9 号[10] - The company has a total of 43 SPV companies that have received guarantees, indicating a strong commitment to supporting its subsidiaries[10] Accounting and Reporting Changes - The company has adopted new accounting standards starting in 2022, which may affect future financial reporting[22]
南方航空(600029) - 2021 Q4 - 年度财报
2022-03-30 16:00
Financial Performance - China Southern Airlines reported a net profit of CNY 1.5 billion for the fiscal year 2021, marking a significant recovery from the previous year's loss of CNY 7.1 billion[3]. - The total revenue for the year reached CNY 36.2 billion, an increase of 25% compared to 2020[3]. - The company's operating revenue for 2021 was RMB 101,644 million, an increase of 9.81% compared to RMB 92,561 million in 2020[20]. - The net loss attributable to shareholders for 2021 was RMB 12,103 million, representing an increase of 11.63% from a net loss of RMB 10,842 million in 2020[20]. - The net cash flow from operating activities for 2021 was RMB 13,371 million, a significant increase of 47.76% compared to RMB 9,049 million in 2020[20]. - The company's total assets at the end of 2021 were RMB 322,948 million, a decrease of 0.97% from RMB 326,115 million at the end of 2020[20]. - The total operating revenue for the reporting period was RMB 101,644 million, an increase of RMB 9,083 million or 9.81% year-on-year[63]. - Passenger transportation revenue reached RMB 75,392 million, accounting for 76.52% of total revenue, with a year-on-year increase of RMB 4,858 million or 6.89%[63]. - Cargo and mail transportation revenue was RMB 19,887 million, representing 20.18% of total revenue, up RMB 3,394 million or 20.58% year-on-year[63]. - The total operating cost was RMB 104,229 million, an increase of RMB 9,326 million or 9.83% year-on-year, with fuel costs rising by 35.69% to RMB 25,505 million[64]. Operational Metrics - Passenger traffic increased by 30% year-over-year, with a total of 100 million passengers carried during the year[3]. - The airline's capacity, measured in available seat kilometers (ASK), grew by 28% to 120 billion kilometers[3]. - The load factor improved to 80%, up from 75% in the previous year, indicating better utilization of available capacity[3]. - The company reported a significant increase in investment cash flow, which rose by 95.37% to RMB 15,149 million, compared to RMB 7,754 million in the previous year[72]. - The fleet size at the end of 2021 was 878 aircraft, with 22 deliveries and 11 retirements during the reporting period[44]. - The company plans to deliver 68 aircraft in 2022 and 73 in 2023, with a total fleet forecast of 1,003 by the end of 2023[45]. - The average daily utilization rate of the fleet was 6.96 hours, with a passenger load factor of 71.25%[75]. - The company transported over 130 million doses of COVID-19 vaccines domestically and internationally during the reporting period[31]. Strategic Initiatives - China Southern Airlines plans to expand its fleet by adding 30 new aircraft in the next two years to support growth[3]. - The company is focusing on enhancing its digital services and customer experience through new technology initiatives[3]. - The company aims to transition from speed-focused growth to quality-focused growth, emphasizing strategic market breakthroughs and digital transformation[56]. - The company is committed to enhancing its hub network strategy, with a focus on creating a dual-driven development model between Guangzhou and Beijing[59]. - The company is implementing a long-term cost control mechanism to support high-quality development, including projects for budget management and digital finance[99]. Market Outlook - Future guidance indicates an expected revenue growth of 15% for the upcoming fiscal year, driven by increased travel demand[3]. - The company is focused on maximizing marginal contributions in the domestic market while enhancing the quality of international route revenues[78]. - The company is actively expanding its hub network, focusing on the construction of comprehensive international hubs in Guangzhou and Beijing[35]. - The company aims to enhance operational efficiency and service quality, focusing on digital transformation in operations and fuel management to reduce fuel consumption per available ton-kilometer[101]. Risk Management - There are no significant risks reported regarding non-operational fund occupation by controlling shareholders during the reporting period[4]. - The company is committed to safety and risk management, implementing a dual prevention mechanism for safety risk control and hazard identification[98]. - The company is addressing macroeconomic risks that could impact air transport demand, including economic fluctuations and government policy changes[103][104]. Governance and Compliance - The company held 3 shareholder meetings during the reporting period, ensuring legal compliance and fair participation for all shareholders, especially minority investors[118]. - The board of directors consists of 6 members, with independent directors making up over 50% of the board, and the board convened 14 meetings in 2021[119]. - The company has established a "large information disclosure team" to enhance compliance management and improve the systematic and proactive nature of its disclosure practices[128]. - The company has not faced significant differences in governance compared to regulatory requirements, ensuring compliance with laws and regulations[129]. Environmental Initiatives - The company has implemented a carbon peak and carbon neutrality action plan, outlining its timeline and roadmap for achieving these goals[191]. - The company has constructed a wastewater treatment system that meets national discharge standards, with chemical oxygen demand measured at 16 mg/L[178]. - The company has achieved a significant reduction in carbon emissions through initiatives like single-engine taxiing and meal conservation programs[186]. - The company has initiated a comprehensive plan to address plastic pollution, including standards for replacing non-degradable plastic products[189].