临时公告 证券代码：600221、900945 证券简称：海航控股、海控 B 股 编号：临 2025-037 海南航空控股股份有限公司 关于参加"2024 年度海南辖区上市公司业绩说明会 暨投资者集体接待日"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。 投资者可于 5 月 12 日 16:00 前通过公司邮箱 hhgfdshmsbgs@hnair.com 将需要了 解和关注的问题提前提供给公司，公司将在集体业绩说明会上对投资者普遍关注的问 题在信息披露允许的范围内进行回复。 本次集体业绩说明会召开后，投资者可以通过 http://rs.p5w.net 查看活动情况及主 要内容。 特此公告。 为推动辖区上市公司进一步建立董事会与投资者的良好沟通机制，让投资者更准 确地读懂年度报告、更全面地了解上市公司，切实提高上市公司透明度和治理水平， 海南证监局将与深圳市全景网络有限公司、海南上市公司协会联合举办"2024 年度 海南辖区上市公司业绩说明会暨投资者集体接待日"活动，活动时间为 2025 年 5 月 13 日 14:0 ...

临时公告 证券代码：600221、900945 证券简称：海航控股、海控 B 股 编号：临 2025-038 海南航空控股股份有限公司 关于为控股子公司提供担保的实施公告 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： 被担保人名称：海航航空技术有限公司（以下简称"海航技术"或"债务人"） 本次担保金额及已实际为其提供的担保余额：海南航空控股股份有限公司 （以下简称"海航控股"或"公司"）拟为控股子公司海航技术在海南农村商业银行股 份有限公司海口支行（以下简称"海南农商行"）申请的 5,000 万元流动资金贷款提 供担保。截至本公告披露日，公司已实际为海航技术提供的担保余额为 0.35 亿元 人民币。 特别风险提示：海航技术资产负债率已超过 70%，且公司对外担保余额超过 最近一期经审计净资产 100%。敬请投资者关注担保风险。 一、担保情况概述 为共享金融机构授信资源，满足公司与控股子公司经营发展的正常需要，公司于 2024 年 12 月 18 日召开第十届董事会第三十四次会议、于 2024 年 12 月 3 ...

Group 1 - The A-share airport and shipping sector experienced a significant rise in the afternoon, with Huaxia Airlines increasing by nearly 7.5% [1] - China National Airlines saw an increase of over 5%, while Southern Airlines rose nearly 5% [1] - Other companies such as China Eastern Airlines, Juneyao Airlines, Hainan Airlines, Spring Airlines, CITIC Offshore Helicopter, and Hainan Airport also reported gains of over 2% [1]

Investment Rating - The industry investment rating is optimistic [1] Core Views - The report highlights a continuous recovery in domestic demand, with a focus on increased dividends [1] - The shipping sector shows strong performance in container shipping, while oil and dry bulk shipping face pressure [3][4] - The highway sector experienced a rebound in traffic in Q1 2025, while port container business remains robust [4] - The railway passenger transport is stable, but freight transport is under pressure [4] - The airline industry sees steady growth in passenger traffic, although ticket prices are under slight pressure [6] - The express delivery sector exceeded expectations in 2024, maintaining double-digit growth into Q1 2025, despite intense price competition [7] - Cross-border logistics face challenges due to coal market pressures and tariff policies affecting air freight demand [8] Summary by Sections Shipping - Container shipping shows impressive performance, with significant profit growth and stable dividends [15] - Oil shipping and dry bulk shipping face challenges, with fluctuating rates and cautious dividend policies [18][21] - The report notes a strong increase in container shipping rates due to geopolitical tensions and trade dynamics [14][15] Highways - In 2024, highway traffic saw a slight decline, but Q1 2025 traffic improved, leading to increased profits for highway companies [35][38] - The report indicates that highway companies are maintaining high dividend payouts despite previous revenue declines [41][43] Ports - Port container throughput growth outpaced other sectors, benefiting from a favorable international trade environment [44][46] - The report emphasizes the strong performance of container port companies, with significant profit increases [47][48] Railways - Railway passenger volumes remained stable, while freight volumes faced challenges, impacting overall profitability [49] Airlines - The airline sector is experiencing steady passenger growth, but ticket prices are slightly under pressure, affecting profitability [6] Express Delivery - The express delivery industry saw a significant increase in volume in 2024, continuing strong growth into Q1 2025, although competition remains fierce [7] Cross-Border Logistics - Cross-border logistics companies are facing challenges due to market pressures and tariff impacts on air freight demand [8]

Investment Rating - The investment rating for HNA Holding is "Accumulate" [5] Core Views - The company achieved a total revenue of 65.2 billion yuan in 2024, representing a year-on-year increase of 11%, while the net profit attributable to shareholders was -0.92 billion yuan, compared to a profit of 0.31 billion yuan in 2023 [1] - The company is expected to see a steady improvement in performance, with projected net profits of 1.57 billion yuan, 2.81 billion yuan, and 4.83 billion yuan for the years 2025 to 2027, respectively [5] Summary by Sections Financial Performance - In Q1 2025, the company reported a net profit of 0.27 billion yuan, a year-on-year decrease of 60% [1] - The total revenue for Q1 2025 was 17.6 billion yuan, showing a slight increase of 0.3% year-on-year [1] Operational Metrics - The daily aircraft utilization rate for 2024 increased by 1 hour to 9.3 hours, while the passenger load factor rose by 0.8 percentage points to approximately 83.5% [2] - The fleet size at the end of 2024 was 348 aircraft, with a net increase of 14 aircraft throughout the year [2] Revenue and Cost Analysis - The unit revenue per available seat kilometer (ASK) for 2024 was 0.440 yuan, down 6% year-on-year, while the unit revenue per revenue passenger kilometer (RPK) was 0.527 yuan, down 8% [3] - The unit operating cost per ASK for 2024 was 0.407 yuan, a decrease of 3% year-on-year, primarily due to a drop in fuel prices [3] Expense Overview - The financial expenses for 2024 were 5.2 billion yuan, a decrease of 3% year-on-year, mainly due to lower interest expenses and reduced foreign exchange losses [4] - The selling expense ratio for 2024 was 3.2%, an increase of 0.4 percentage points year-on-year [4] Profit Forecast - The company is expected to experience a reversal in supply-demand dynamics, leading to high profit elasticity in the medium to long term [5] - The projected earnings per share (EPS) for 2025 is 0.04 yuan, increasing to 0.11 yuan by 2027 [7]

Core Insights - Hainan Airlines Holdings Co., Ltd. reported a revenue of 65.236 billion yuan for 2024, an increase of 11.25% year-on-year [1] - The company achieved a passenger transport volume exceeding 68 million, a year-on-year growth of 14.36%, with international passenger transport volume reaching 2.9554 million, up 132.68% [1][2] - Despite net profit being affected by exchange rate fluctuations, the actual operating profit, excluding exchange losses, was 447 million yuan, indicating strong business fundamentals [1] Financial Performance - Total revenue for 2024 was 65.236 billion yuan, with transportation revenue at 60.733 billion yuan, reflecting an 11.49% increase [1] - Auxiliary revenue reached 4.503 billion yuan, marking an 8.05% increase year-on-year [1] - The company realized cost savings of 5.21 billion yuan through meticulous cost management and efficiency improvements [1] Operational Strategy - Hainan Airlines is focusing on optimizing its route network, particularly in key markets such as Beijing, Shenzhen, Haikou, and Chongqing [2] - The airline is adjusting low-yield flights and enhancing premium routes to improve market competitiveness [2] - The company is leveraging benefits from the Hainan Free Trade Port, including tax incentives and zero tariffs on aircraft purchases, which supports its growth [2] Market Context - The global air passenger volume increased by 10.4% year-on-year, indicating a strong recovery in the aviation sector [2] - Hainan Airlines' passenger transport volume growth of 14.36% is the highest in nearly five years, reflecting its effective capacity deployment [2]

临时公告 证券代码：600221、900945 证券简称：海航控股、海控 B 股 编号：临 2025-035 海南航空控股股份有限公司 第十届监事会第十次会议决议公告 本公司监事会及全体监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。 2025 年 4 月 29 日，海南航空控股股份有限公司（以下简称"公司"）第十届监 事会第十次会议以通讯方式召开，应参会监事 5 名，实际参会监事 5 名，符合《中华 人民共和国公司法》和《海南航空控股股份有限公司章程》（以下简称《公司章程》） 的有关规定。会议审议并通过如下议案： 一、2024 年监事会工作报告 公司监事会审议通过了《2024 年监事会工作报告》。 表决结果：赞成 5 票，反对 0 票，弃权 0 票。 该事项尚需提交公司股东大会审议。 二、2024 年年度报告及年报摘要 根据《中华人民共和国证券法》及其他有关法律、法规的相关规定，公司监事会 对公司2024年年度报告及年报摘要作出书面审核意见如下： （一）公司2024年年度报告的编制和审议程序符合法律、法规、《公司章程》和 公司内部管理制度的各项 ...

临时公告 证券代码：600221、900945 证券简称：海航控股、海控 B 股 编号：临 2025-030 海南航空控股股份有限公司 第十届董事会第三十九次会议决议公告 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。 2025 年 4 月 29 日，海南航空控股股份有限公司（以下简称"公司"）第十届董 事会第三十九次会议（即 2024 年年度董事会）以通讯方式召开，应参会董事 12 名， 实际参会董事 12 名，符合《中华人民共和国公司法》和《海南航空控股股份有限公 司章程》的有关规定。会议审议并通过如下议案： 一、2024 年年度报告及年报摘要 公司董事会审议通过了《2024 年年度报告及年报摘要》，全文详见上海证券交 易所网站 http://www.sse.com.cn。 表决结果：赞成 12 票，反对 0 票，弃权 0 票。 该事项尚需提交公司股东大会审议。 二、2024 年董事会工作报告 公司董事会审议通过了《2024 年董事会工作报告》。 表决结果：赞成 12 票，反对 0 票，弃权 0 票。 该事项尚需提交公司股 ...

证券代码：600221、900945 证券简称：海航控股、海控 B 股 编号：临 2025-031 海南航空控股股份有限公司 关于 2024 年度拟不进行利润分配的公告 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。 海南航空控股股份有限公司（以下简称"公司"）2024 年度拟不进行利 润分配及资本公积转增股本和其他形式的分配。 本次利润分配预案已经公司第十届董事会第三十九次会议、第十届监事 会第十次会议审议通过，尚需提请公司 2024 年年度股东大会审议。 公司不触及《上海证券交易所股票上市规则》第 9.8.1 条第一款第（八） 项规定的可能被实施其他风险警示的情形。 临时公告 一、利润分配方案内容 （一）利润分配方案的具体内容 经大信会计师事务所（特殊普通合伙）审计，公司 2024 年度母公司实现净 利润 14.95 亿元。截至 2024 年 12 月 31 日，母公司累计可供分配的利润为-581.13 亿元。 经公司第十届董事会第三十九次会议和第十届监事会第十次会议审议通过， 公司拟定的 2024 年度利润分配预案为：不 ...

临时公告 证券代码：600221、900945 证券简称：海航控股、海控 B 股 编号：临 2025-033 海南航空控股股份有限公司 关于 2025 年年度融资计划的公告 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。 （二）为提高资金使用效率和收益水平，增强财务创效能力，公司及并表子公司 拟向金融机构申请无敞口低风险授信储备，根据实际需要累计开展业务金额不超过 280 亿元，用于支付经营性款项，形式包括但不限于银行承兑汇票、保函和信用证。 （三）在 2025 年年度新增授信及提款总额未突破总体融资计划的情况下，公司 及各子公司（包括新设立、收购等方式取得的具有控制权的子公司）2025 年年度融 资计划额度可相互调剂。 二、委托授权 为提高工作效率，及时办理融资授信业务，提请授权公司董事长在 2025 年年度 新增授信及提款总额未突破总体融资计划的情况下，可内部调整公司及子公司（包括 1 临时公告 新设立、收购等方式取得的具有控制权的子公司）2025 年年度融资计划；授权各公 司管理层根据金融机构授信落实情况和本公司资金需求 ...