离了个大谱!你敢信!海航居然也能跌到面值退市边缘!? 导语:这是首家盈利的四大航司,新东家方大集团已投入 519 亿,熬过了最艰 难时刻,并迎来全球航运业强劲复苏。 作者:市值风云 App:观韬 6 月 26 日早间,一则关于海航控股(600221.SH)的社区互动在市值风云 APP 刷屏,海航控股盘中跌停,报 1.05 元/股,距跌破面值仅一步之遥。 (专业服务注册制的市值风云 APP) 跌,大家担心它会不会因此面值退市也再合理不过。 那么,作为中国内地唯一 Skytrax 五星航空,海航控股会沦落到面值退市的境地 吗? 在回答这个问题前,我们先看看海航控股的具体业绩。 一、复苏势头强劲,首家盈利四大航司 我们都知道,海航控股是在 2021 年底完成重大重组,并迎来新实控人方大集团 的掌门人方威的。 三年特殊时期,四大航空公司亏损惨重,尤其是 2022 年,四大航司累计亏损近 1300 亿,算是亏损最厉害的一年。 l 归母净利润 ● 海航控股(主) ● 南方航空 ● 中国东航 ● 中国国航 ___ | | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024Q1 | ...

证券代码：600221、900945 证券简称：海航控股、海控B股 海南航空控股股份有限公司投资者关系活动记录表 编号：2024-003 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系 □新闻发布会 □路演活动 活动类别 □现场参观 □其他（现场会议） 中泰证券 李鼎莹 深圳元泓投资管理 单秀丽 永赢基金 刘振邦 中加基金 王升晖 北京禹田资本管理 王雨天 华夏基金 艾邦妮 湖南源乘私募基金 刘小瑛 华富基金 傅晟 上银基金 颜枫 信银理财 万凝 山西资管 独孤南熏 远信（珠海）私募基金 王汉学 淡水泉 刘晓雨 广东正圆私募基金 戴旅京 创金合信基金 李晗 参与单位名称 招商基金 李毅 上海思晔投资管理 史益帆 宏利基金 赖庆鑫 国金基金 程子旭 泰康人寿保险 辛超 中银理财 李安心 ...

下午好那非常感谢大家介入我们今天的海航控股电话交流会今天的话呢我们非常荣幸的请到了海航控股市场副总裁张国平先生董毅李建波先生还有证券部投资管理中心的经理冯楠女士跟大家做一个交流那应该说呢就是说海航控股在过去两年的 整个市场环境不那么友好的情况下油价上行国际也没有完全修复但是公司在取得的在取得业绩方面还是非常的亮眼的尤其是咱们的今年的一季报情况也是非常的不错我这边不过多占用时间剑波总国平总先请你们就公司最近的一个经营情况跟大家做一个介绍然后之后我们就进入到QA环节 好的首先感谢海航证券然后欢迎各位投资人来参与海航控股的情报和疫情报的交流会我先把我们两份报告的解读情况跟各位做一个简要的通报那么2023年应该说是海航控股历经破产重整和三年疫情之后实现涅槃重生的一年那么在2023年 目前收入586.41亿元同比上升了156%比行业平均水平高出了27%归属上市公司的净利润是3.11亿元也是四大行业当中唯一一例的一个行业23年底公司共运营飞机334架全年运输旅客是 5948万人次货油运输量是36.72万吨总飞行小时约103万小时那么2024年我们一季度应该是实现了一个开门红公司的营业失误达到175.19%较去年同期是32 ...

Company Information and Governance - The company's registered address was changed to "No. 9 Meilan Airport Road, Meilan District, Haikou City, Hainan Province, Hainan Airlines Haikou Meilan Base, 21st Floor, Comprehensive Office Building" on February 2, 2024[10] - The company's stock is listed on the Shanghai Stock Exchange with A-shares under the ticker "Hainan Airlines Holding" (600221) and B-shares under "HaiKong B Share" (900945)[11][12] - The company's annual report is disclosed in media such as "China Securities Journal" and "Securities Daily," and is also available on the Shanghai Stock Exchange website[10] - The company's financial report is audited by PricewaterhouseCoopers Zhong Tian LLP (Special General Partnership), with signed auditors Duan Yongqiang and Liu Yuyu[13] - The company's legal representative is Ding Yongzheng, and the contact persons are Li Jianbo and Zhang Jingpeng[8][9] - The company's subsidiaries include Hainan Airlines (Hong Kong) Co., Ltd., Hainan Airlines (2016) Co., Ltd., and Hainan Fushun Investment Development Co., Ltd., among others[8] - The company's annual report is prepared and disclosed in accordance with the regulations of the China Securities Regulatory Commission (CSRC)[8] - The company's financial statements are signed and sealed by the legal representative, the person in charge of accounting, and the head of the accounting department[6] - The company's annual report is available for inspection at the Securities Department of Hainan Airlines Holding Co., Ltd.[10] - The company maintains a robust corporate governance structure, ensuring compliance with legal and regulatory requirements[69] - The company has established specialized committees under the board of directors to oversee strategic, audit, risk, compensation, and nomination matters[69] - The company ensures independent operations in personnel, assets, finance, organization, and business, with commitments from major shareholders to maintain this independence[71] - The company adheres to strict information disclosure practices to ensure transparency and protect investor interests[70] - The company's controlling shareholder, Fangda Aviation, has committed to integrating non-listed aviation assets (e.g., Tianjin Airlines, West Air, Beijing Capital Airlines, and Jinpeng Airlines) into the listed company within three years after they meet regulatory requirements[73] - Fangda Aviation transferred 47.91% of its stake in Tianjin Airlines to Haikou Zhenping Investment Co., Ltd. on December 31, 2022, as part of its commitment to resolve competition issues[73] - The company resolved competition issues by purchasing the future income trust beneficiary rights of Grand China Air's operating routes, and Fangda Aviation will maintain this arrangement[73] - The company held seven temporary shareholders' meetings in 2023, addressing issues such as aircraft lease terminations, financing plan adjustments, and changes to the company's registered address[74][76] - Shareholder Hainan Fangda Aviation Development Co., Ltd., holding 9.72% of shares, proposed temporary motions for the 2023 second and 2022 annual shareholders' meetings, including providing guarantees for subsidiaries and leasing aircraft to Hong Kong Airlines[77] - The company's Chairman, Ding Yongzheng, received no compensation from the company in 2023, while President Zhu Tao received a pre-tax compensation of 1.5266 million yuan[79] - The company's Vice President, Ding Guoqing, received a pre-tax compensation of 496,800 yuan in 2023[79] - The company's CFO, Chen Yao, received a pre-tax compensation of 286,500 yuan in 2023[79] - The company's independent directors each received a pre-tax compensation of 150,000 yuan in 2023[79] - The company's Supervisory Board Chair, Yang Xinying, increased her shareholding by 100,000 shares in 2023 as part of a commitment to increase holdings[79] - Total shares held by executives and supervisors amount to 217,468 shares, with a total value of 1,091.48 million[80] - Li Jianbo, the Board Secretary, holds 4,000 shares with a value of 179.71 million[80] - Chen Hao, a former Vice President, holds the largest number of shares among executives at 68,586 shares, valued at 68.29 million[80] - Liu Yongde, the Safety Director, holds shares valued at 57.23 million[80] - Liu Changqing, a former Vice President, holds shares valued at 75.19 million[80] - Zhang Guoping, a former Vice President, holds shares valued at 66.14 million[80] - Gong Ruixiang, a former Vice President, holds 2,211 shares valued at 27.5 million[80] - Yang Zhixin, a former Supervisor, holds shares valued at 13.93 million[80] - Liu Jun, the Vice President, holds shares valued at 29.94 million[80] - Wang Tong, a Supervisor, holds 3,476 shares but no longer holds any shares after his tenure[80] - Current and former directors, supervisors, and senior management personnel's positions in shareholder units are detailed, including roles such as Chairman, Director, and Vice President at HNA Aviation Group and Liaoning Fangda Group[85] - Key personnel changes include Ding Yongzheng as Chairman of HNA Aviation Group starting January 2024 and Wu Feng as Vice President of Liaoning Fangda Group until July 2023[85] - Liu Jun serves as a Supervisor at HNA Aviation Group since April 2022[85] - Liu Weibin holds the position of Director of Aircraft Introduction Office at HNA Aviation Group from April 2023 to January 2024[85] - Ou Zhewei is the Director of Asset Preservation Department at China Development Bank Hainan Branch starting January 2024[85] - Lin Fan is the Director of Risk Management Department at China Exim Bank Hainan Branch starting January 2024[85] - Yang Xinying is the General Manager of Legal Affairs Department at HNA Aviation Group since December 2021[85] - Chen Yao served as the General Manager of Finance Department at HNA Aviation Group from March 2022 to June 2023[85] - Qiu Yapeng is the Vice President of Liaoning Fangda Group since October 2018[85] - Liu Changqing previously held the position of Vice President at Hainan Airlines, with a history of roles in operations control and management[84] - The company received a notice of filing from the China Securities Regulatory Commission (CSRC) on December 17, 2021, regarding suspected violations of information disclosure regulations[90] - The company received another notice of filing from the CSRC on April 28, 2023, for suspected bond market information disclosure violations from 2018 to 2020[90] - The company's 10th Board of Directors held 16 meetings in 2023, passing various resolutions including the approval of the 2022 annual report and the 2023 quarterly reports[91] - The company approved the early termination of lease agreements for 2 A350 aircraft during the 10th Board of Directors' 10th meeting[91] - The company approved the establishment of a joint venture during the 10th Board of Directors' 12th meeting[91] - The company approved the change of its registered address and amendments to the articles of association during the 10th Board of Directors' 16th meeting[91] - The company appointed Ding Guoqing as Vice President during the 10th Board of Directors' 5th meeting[91] - The company elected Ou Zhewei as a Director during the 10th Board of Directors' 6th meeting[91] - The company appointed Liu Jun as Vice President during the 10th Board of Directors' 11th meeting[91] - The company elected Ding Guoqing as a Director during the 10th Board of Directors' 13th meeting[91] - The company held 13 board meetings in 2023, all conducted via telecommunication[94] - The company's strategic compensation plan is based on the "3P1M" (Position, Person, Performance, Market) concept, emphasizing competitive and attractive salaries[103] - The company's training system focuses on enhancing job capabilities and employee career development to support sustainable growth[104] - The company's profit distribution policy prioritizes reasonable returns to investors and maintains continuity and stability[105] - The Audit Committee includes members Dai Xinmin (convener), Zhang Xiaohui, and Ding Yongzheng[96] - The Nomination Committee includes members Zhang Xiaohui (convener), Dai Xinmin, and Ding Yongzheng[96] - The Compensation and Evaluation Committee includes members Zhu Ciyun (convener), Zhang Xiaohui, and Ding Yongzheng[96] - The company prioritizes cash dividends when the parent company's distributable profit is positive and the cumulative undistributed profit at the end of the year is positive, with exceptions for specific conditions such as a debt-to-asset ratio exceeding 85% or significant investment plans[106] - The minimum cash dividend ratio is set at 80% for mature companies without major investment plans, 40% for mature companies with major investment plans, and 20% for growth-stage companies with major investment plans[106] - The company plans to distribute dividends annually, with the possibility of interim dividends based on profit and cash flow conditions[106] - The company's cash dividend policy complies with the articles of association and shareholder meeting resolutions, with clear standards, proportions, and decision-making procedures[107] - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits, but no specific reasons or plans for undistributed profits were disclosed[107] - The company approved a profit-sharing reward for all employees based on 2023 annual operating profit indicators, with specific amounts to be determined by the compensation and assessment committee[108] - The company's internal control system was audited by PwC Zhong Tian, which issued a standard unqualified opinion on its design and operational effectiveness[113] - The company's controlling shareholder, Hanwei Investment, has committed to maintaining the independence of the listed company's personnel, assets, finance, institutions, and business operations[127] - The company has resolved issues of competition with related assets by purchasing the future income trust beneficiary rights of Grand China Air's operating routes[126] - The company's controlling shareholder, Hanwei Investment, has pledged to avoid related-party transactions with the listed company unless absolutely necessary, and to conduct such transactions fairly and transparently[127] - The company's controlling shareholder, Hanwei Investment, has committed to not transferring the shares obtained through the capital increase for 36 months from the date of registration, except for transfers between entities under the same actual control[126] - The company's controlling shareholder, Hanwei Investment, has committed to maintaining the independence of the listed company's financial department, accounting system, and bank accounts[127] - The company's controlling shareholder, Hanwei Investment, has pledged to support the independent operation of the listed company's board of directors, supervisory board, and business departments[127] - The company's controlling shareholder, Hanwei Investment, has committed to not interfering with the listed company's business activities except through the exercise of shareholder rights[127] - The company's controlling shareholder, Hanwei Investment, has pledged to compensate the listed company for any damages caused by violations of the above commitments[127] - The company's controlling shareholder, Hanwei Investment, has committed to maintaining the independence of the listed company's labor, personnel, and salary management systems[127] - The company's controlling shareholder, Hanwei Investment, has pledged to not use its controlling position to make transactions or arrangements detrimental to the interests of the listed company[126] - The company's controlling shareholder, Hanwei Investment, was established on May 31, 2022, and is engaged in investment activities and asset management services[170] - Fang Wei, the actual controller, holds significant positions in multiple companies, including Beijing Fangda International Industrial Investment Group and Liaoning Fangda Group Industrial Co., Ltd.[172] - Fangda Aviation holds 4,200,000,000 shares that cannot be transferred until December 9, 2024, as part of the company's bankruptcy restructuring commitments[174] - Hainan Hanwei Investment Co., Ltd. holds 9,972,838,277 shares that cannot be transferred until December 23, 2025, following the company's 2022 private placement[174] Financial Performance and Key Metrics - Revenue in 2023 reached 58,641,088 thousand RMB, a 156.48% increase compared to 2022[15] - Net profit attributable to shareholders in 2023 was 310,854 thousand RMB, compared to a loss of 20,246,960 thousand RMB in 2022[15] - Operating cash flow in 2023 was 8,082,510 thousand RMB, a significant improvement from -2,193,922 thousand RMB in 2022[15] - Total assets decreased by 2.95% to 134,034,890 thousand RMB at the end of 2023[15] - Basic earnings per share in 2023 were 0.007 RMB, compared to -0.594 RMB in 2022[16] - Weighted average return on equity in 2023 was 14.75%, a decrease of 3,024.62 percentage points from 2022[16] - Revenue in Q4 2023 was 11,902,697 thousand RMB, with a net loss attributable to shareholders of 574,466 thousand RMB[18] - Non-recurring gains and losses in 2023 totaled 717,678 thousand RMB, compared to a loss of 1,335,049 thousand RMB in 2022[20] - Fair value changes in trading financial assets contributed 211,274 thousand RMB to 2023 profits[21] - Investment property fair value changes resulted in a loss of 243,666 thousand RMB in 2023[21] - Revenue in 2023 reached 58.641 billion yuan, a year-on-year increase of 156.48%[30] - Net profit attributable to shareholders of the listed company was 311 million yuan[30] - Total passenger traffic in 2023 was 59.48 million, a year-on-year increase of 182.26%[30] - Cargo and mail traffic reached 367,200 tons, a year-on-year increase of 52.83%[30] - The company operated a total of 334 aircraft as of December 31, 2023[31] - The average age of the fleet is 9.08 years[31] - The company achieved cost savings and efficiency improvements of approximately 3.6 billion yuan through refined management in 2023[29] - Available seat kilometers (ASK) increased by 153.53% to 12,554,771 thousand, with domestic ASK up 135.34% to 11,303,219 thousand and international ASK up 718.88% to 1,219,243 thousand[32] - Revenue passenger kilometers (RPK) surged by 205.01% to 10,222,274 thousand, with domestic RPK up 187.88% to 9,442,098 thousand and international RPK up 962.66% to 759,919 thousand[32] - Passenger numbers increased by 182.26% to 59,484 thousand, with domestic passengers up 176.69% to 58,050 thousand and international passengers up 1,287.26% to 1,270 thousand[32] - Operating revenue rose by 156.48% to 58,641,088 thousand yuan, driven by a 165.01% increase in transportation revenue to 54,473,060 thousand yuan due to market recovery and increased capacity[35] - Passenger and other revenue increased by 191.83% to 52,921,849 thousand yuan, with a gross margin increase of 66.63 percentage points to 9.71%[36] - Aviation fuel costs surged by 110.05% to 18,784,422 thousand yuan, accounting for 35.78% of total costs[37] - Depreciation and amortization expenses decreased by 8.34% to 8,398,113 thousand yuan, while landing costs increased by 147.18% to 6,293,443 thousand yuan[38] - Top five customers contributed 20,833,742 thousand yuan, accounting for 35.53% of total sales, with related party sales making up 6.21% of total sales[39] - The company's sales expenses increased by 72.52% to 1,598,836 thousand yuan, primarily due to higher sales agency fees and computer reservation fees[41] - Management expenses rose by 12.25% to 1,201,280 thousand yuan, mainly due to increased system maintenance fees and staff salaries[41] - Financial expenses decreased by 55.33% to 5,330,679 thousand yuan, primarily due to reduced foreign exchange losses[41] - The company's R&D investment totaled 30,225 thousand yuan, accounting for 0.05% of total revenue[42] - The company has 270 R&D personnel, representing 2.58% of the total workforce[43] - Operating cash flow increased by 468.40% to 8,082,510 thousand yuan, driven by the recovery of the civil aviation market[45] - Investment cash flow decreased by 85.10% to 398,366 thousand yuan, mainly due to increased cash payments for fixed assets and other long-term assets[45] - Financing cash flow decreased by 343.47% to -16,275,907 thousand yuan, primarily due to increased debt repayments and aircraft rental payments[45] - The company's available seat kilometers increased by 153.53% to 125,547.71 million, with a passenger load factor of 81.42%, up 13.74 percentage points[52] - The company operates 87 self-owned aircraft with an average age of 11.56 years and a daily utilization rate of 7.98 hours[53] - Total subsidies and incentives received in the current period amounted to 687,904 thousand RMB, with a subsidy income of 8.49 thousand RMB[54] - The company's total external equity investments as of December 31, 2023, were 3,259,982 thousand RMB, including 46,560 thousand RMB in trading financial assets and 1,235,225 thousand RMB in other equity instrument investments[55] - The fair value of the company's stock investments at the end of the period was 971,965 thousand RMB, with a fair value change loss of 4,866 thousand RMB during the period[56] - The company completed the sale of 2,078 aircraft materials, including brakes, front wheels, and main wheels for A330, B787, and B737NG models, for a total transaction amount of 225,676.1 thousand RMB[58] - China Xinhua Airlines Group Co., Ltd., a wholly-owned subsidiary, reported a net loss of 890 million RMB in 2023, with total

2024年第一季度报告 证券代码：600221 、900945 证券简称：海航控股、海控B股 海南航空控股股份有限公司 2024 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人丁拥政、主管会计工作负责人陈垚及会计机构负责人曹京斐（会计主管人员）保证季 度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 ...

[Table_MainInfo] 公司研究/交通运输/航空公司 证券研究报告 海航控股（600221）公司研究报告 2024年03月01日 [Table_InvestInfo] 首次 海航控股：重整旗鼓、轻装上阵，自贸港 投资评级 优于大市 覆盖 主要承运人享发展红利 股票数据 0[2Ta月b2le9_日S收to盘ck价I（nf元o]） 1.43 [Table_Summary] 投资要点： 52周股价波动（元） 1.31-1.83 总股本/流通A股（百万股） 43216/32873 总市值/流通市值（百万元） 61798/47008 海航控股作为国内第四大航司地位稳健，化债工作稳妥推进。公司起步海南，  相关研究 通过布局国内外航线网络成长为我国第四大航司。公司深耕航空主业，从机 [Table_ReportInfo] 队数量、市占率来看作为国内第四大航司地位稳固。作为中国内地唯一一家 SKYTRAX 五星航空公司，公司拥有领先的服务品质。在申请破产重整、方 大集团入主后，公司通过方大集团注资、清偿留债、留债转股等方式逐步化 市场表现 解债务。重整完成后留债约 500 亿元将按 10 年清偿，仅按 2.89% ...

证券代码：600221、900945 证券简称：海航控股、海控B股 海南航空控股股份有限公司投资者关系活动记录表 编号：2024-001 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系 □新闻发布会 □路演活动 活动类别 □现场参观 □其他（现场会议） 海通证券：陈宇 南方基金：孙伟仓、陈梓源 淡水泉：刘晓雨 鹏扬基金：孙碧莹 朴信资管：朱冰兵 创金合信基金：李晗 中债信用增进投资：郑倩 鸿商资本：刘正 建信保险：杨晨 上海国际信托：刘白 广东正圆私募基金：黄志豪 参与单位名称 远信（珠海）私募基金：赵巍华、王汉学 国泰证券：Albert Cheng 国寿股份：俞骏 智尔投资：李璐 方正富邦基金：周远扬 华安基金：王旭冉 仁桥（北京）资管：李远哲 西部利得基金：温震宇 坚果资管：姚铁睿 诺安基金：黄友文 ...

证券代码：600221、900945 证券简称：海航控股、海控B股 海南航空控股股份有限公司投资者关系活动记录表 编号：2023-005 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系 □新闻发布会 □路演活动 活动类别 √现场参观 √其他（现场会议） 现场参观、交流 海通证券：陈宇 国海证券：李跃森、王航 申万宏源：闫海、刘衣云 长江证券：张银晗 浙商证券：李逸 参与单位名称 国联证券：田照丰 华泰证券：黄凡洋 招商证券：魏芸 中国信达：陈依晗 九方智投：杨耀华 万家基金：王晨曦 嘉实基金：关盼龙 时间 2023年11月10日 地点 海南海口 总裁：祝涛 维修副总裁：丁国清 财务总监：陈垚 董事会秘书：李建波 上市公司 财务部总经理：曹京斐 ...

2023年第三季度报告 证券代码：600221、900945 证券简称：海航控股、海控B股 海南航空控股股份有限公司 2023 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人丁拥政、主管会计工作负责人陈垚及会计机构负责人曹京斐（会计主管人员）保 证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 ...

Financial Performance - Revenue for the first half of 2023 reached 27,636,003 thousand RMB, a 149.51% increase compared to the same period last year[15] - Net profit attributable to shareholders of the listed company was -1,609,365 thousand RMB, showing improvement from the -12,837,073 thousand RMB loss in the same period last year[15] - Operating cash flow turned positive at 5,724,610 thousand RMB, compared to -2,626,521 thousand RMB in the same period last year[15] - Basic earnings per share for the reporting period (January to June) was -0.0372 RMB per share, compared to -0.3862 RMB per share in the same period last year[16] - Diluted earnings per share for the reporting period was -0.0372 RMB per share, unchanged from the basic earnings per share[16] - Weighted average return on equity (ROE) for the reporting period was -182.12%, compared to -601.58% in the same period last year[16] - Non-recurring gains and losses amounted to 701,768 thousand RMB, including 491,928 thousand RMB from disposal of non-current assets and 155,550 thousand RMB from other non-recurring items[19] - Revenue for the first half of 2023 reached 27.636 billion yuan, a year-on-year increase of 149.51%[30] - Net profit attributable to shareholders was -1.609 billion yuan[30] - Total passenger traffic reached 28.455 million, a year-on-year increase of 173.90%[32] - Cargo and mail volume reached 165,728 tons, a year-on-year increase of 26.07%[32] - Available seat kilometers (ASK) increased by 140.70% to 5,961.48 million[32] - Passenger load factor increased by 13.52 percentage points to 80.54%[33] - Aircraft utilization rate increased by 4.17 hours to 8.24 hours per day[33] - Financial exchange losses due to exchange rate fluctuations amounted to 2.6246 billion yuan[35] - Contract liabilities increased by 68.63% to 2.7909 billion yuan[36] - Total external equity investments amounted to 3,186,201 thousand yuan, including 48,941 thousand yuan in trading financial assets, 1,256,590 thousand yuan in other equity instrument investments, 1,823,117 thousand yuan in other non-current financial assets, and 57,553 thousand yuan in long-term equity investments[39] - The fair value of stock investments at the end of the period was 982,436 thousand yuan, with a fair value change loss of 14,943 thousand yuan during the period[40] - The fair value of other financial assets at the end of the period was 10,288,579 thousand yuan, with a fair value change gain of 804 thousand yuan during the period[40] - The fair value of China Civil Aviation Information Network stock at the end of the period was 714,014 thousand yuan, with a cumulative fair value change of 684,154 thousand yuan included in equity[41] - The fair value of Meilan Airport stock at the end of the period was 47,337 thousand yuan, with a cumulative fair value change of 40,431 thousand yuan included in equity[41] - The fair value of Shanghai Rural Commercial Bank stock at the end of the period was 189,407 thousand yuan, with a fair value change loss of 14,943 thousand yuan during the period[42] - Total revenue for the first half of 2023 reached 27,636,003 thousand yuan, a significant increase from 11,076,011 thousand yuan in the same period last year[122] - Operating profit for the first half of 2023 was -1,920,414 thousand yuan, compared to -13,765,037 thousand yuan in the same period last year[123] - Net profit for the first half of 2023 was -1,822,625 thousand yuan, compared to -13,645,508 thousand yuan in the same period last year[123] - Research and development expenses for the first half of 2023 were 15,455 thousand yuan, up from 7,544 thousand yuan in the same period last year[122] - Financial expenses for the first half of 2023 were 4,566,859 thousand yuan, down from 6,182,815 thousand yuan in the same period last year[122] - Total comprehensive income for the first half of 2023 was -2,050,315 thousand yuan, a significant decrease compared to -13,495,660 thousand yuan in the same period last year[124] - Basic earnings per share for the first half of 2023 were -0.0372 yuan per share, compared to -0.3862 yuan per share in the same period last year[124] - Operating income for the first half of 2023 was 16,785,587 thousand yuan, a substantial increase from 6,657,012 thousand yuan in the same period last year[125] - Operating costs for the first half of 2023 were 14,020,526 thousand yuan, compared to 9,624,363 thousand yuan in the same period last year[125] - Financial expenses for the first half of 2023 were 3,122,257 thousand yuan, a decrease from 4,765,544 thousand yuan in the same period last year[125] - Credit impairment losses for the first half of 2023 were 200,704 thousand yuan, compared to -277,154 thousand yuan in the same period last year[127] - Net cash flow from operating activities for the first half of 2023 was 5,724,610 thousand yuan, a significant improvement from -2,626,521 thousand yuan in the same period last year[129] - Cash received from sales of goods and services for the first half of 2023 was 27,321,177 thousand yuan, compared to 11,750,802 thousand yuan in the same period last year[129] - Cash paid for goods and services for the first half of 2023 was 14,699,719 thousand yuan, compared to 8,885,500 thousand yuan in the same period last year[129] - Cash paid to and for employees for the first half of 2023 was 5,004,513 thousand yuan, compared to 3,777,732 thousand yuan in the same period last year[129] - Operating cash flow for the first half of 2023 was RMB 7,699,741 thousand, a significant improvement from a negative RMB 3,688,373 thousand in the same period last year[132] - Investment cash outflow for the first half of 2023 was RMB 1,826,166 thousand, compared to RMB 4,103,370 thousand in the same period last year[132] - Financing cash outflow for the first half of 2023 was RMB 5,918,920 thousand, compared to RMB 3,438,024 thousand in the same period last year[133] - Net cash flow from investment activities for the first half of 2023 was negative RMB 1,669,654 thousand, compared to positive RMB 1,735,947 thousand in the same period last year[132] - Net cash flow from financing activities for the first half of 2023 was negative RMB 5,918,920 thousand, compared to positive RMB 614,880 thousand in the same period last year[133] - Total cash and cash equivalents at the end of the first half of 2023 were RMB 170,622 thousand, compared to RMB 253,147 thousand at the end of the same period last year[133] - Total owner's equity at the end of the first half of 2023 was RMB 458,849 thousand, a decrease of RMB 341,300 thousand from the beginning of the year[134] - Comprehensive income for the first half of 2023 was negative RMB 2,050,315 thousand, primarily due to a decrease in retained earnings of RMB 1,609,365 thousand[134] - Capital reserve increased by RMB 1,693,696 thousand during the first half of 2023[134] - Minority shareholders' equity decreased by RMB 204,444 thousand during the first half of 2023[134] - Total owner's equity at the end of the period was 117,549 thousand yuan, a significant decrease compared to the previous period[135] - Comprehensive income for the period was -12,837,073 thousand yuan, reflecting a substantial loss[136] - Capital reserve decreased by 3,019 thousand yuan during the period[137] - Retained earnings at the end of the period were -2,532,106 thousand yuan, indicating a deficit[137] - Total owner's equity at the beginning of the period was 10,966,573 thousand yuan[136] - The company's capital reserve at the end of the period was 1,672,872 thousand yuan[135] - The company's undistributed profit at the end of the period was -909,974 thousand yuan[135] - The company's total owner's equity at the end of the period was 14,820,159 thousand yuan[138] - The company's capital reserve at the beginning of the period was 1,672,872 thousand yuan[136] - The company's undistributed profit at the beginning of the period was -50,994,600 thousand yuan[136] - The company's comprehensive income for the period decreased by 203,604 units, primarily due to a reduction in other comprehensive income of 56,654 units and a decrease in retained earnings of 146,950 units[139] - The company's total equity at the end of the period was 16,310,251 units, reflecting an increase of 1,490,092 units from the beginning of the period[139] - The company's capital reserve decreased by 3,019 units during the period, contributing to a total equity decrease of 8,612,135 units[140] - The company's retained earnings decreased by 8,641,635 units, leading to a significant reduction in total equity[140] - The company's other comprehensive income increased by 32,519 units, partially offsetting the overall equity decrease[140] - The company's total equity at the end of the period was 9,915,694 units, reflecting a decrease of 8,612,135 units from the beginning of the period[141] - Net loss attributable to parent company shareholders for the first half of 2023 was 1,609,365 thousand yuan[145] - Operating cash flow for the first half of 2023 was a net inflow of 5,724,610 thousand yuan[145] - Current liabilities exceeded current assets by approximately 2,738,321 thousand yuan as of June 30, 2023[145] - Total equity attributable to parent company shareholders was 1,027,523 thousand yuan as of June 30, 2023[145] - Monetary funds balance was 8,575,744 thousand yuan as of June 30, 2023[145] - Financial liabilities due within one year totaled 27,904,028 thousand yuan as of June 30, 2023[145] Assets and Liabilities - Total assets decreased slightly by 0.98% to 136,762,452 thousand RMB compared to the end of the previous year[15] - Shareholders' equity decreased by 11.75% to 1,027,523 thousand RMB compared to the end of the previous year[15] - Total assets decreased from 138,114,275 thousand yuan to 136,762,452 thousand yuan, a decline of 1.0%[117] - Current assets increased from 22,567,222 thousand yuan to 25,691,957 thousand yuan, a growth of 13.8%[115] - Non-current assets decreased from 115,547,053 thousand yuan to 111,070,495 thousand yuan, a decline of 3.9%[116] - Total liabilities decreased from 137,655,426 thousand yuan to 136,644,903 thousand yuan, a decline of 0.7%[117] - Current liabilities decreased from 30,842,306 thousand yuan to 28,430,278 thousand yuan, a decline of 7.8%[116] - Non-current liabilities increased from 106,813,120 thousand yuan to 108,214,625 thousand yuan, a growth of 1.3%[116] - Shareholders' equity decreased from 458,849 thousand yuan to 117,549 thousand yuan, a decline of 74.4%[117] - Cash and cash equivalents decreased from 10,638,492 thousand yuan to 8,575,744 thousand yuan, a decline of 19.4%[115] - Accounts receivable increased from 1,145,504 thousand yuan to 1,690,112 thousand yuan, a growth of 47.6%[115] - Prepayments increased from 622,797 thousand yuan to 1,593,294 thousand yuan, a growth of 155.8%[115] - Total assets as of the end of the first half of 2023 were 110,080,279 thousand yuan, slightly down from 111,121,890 thousand yuan at the end of the previous period[120] - Total liabilities as of the end of the first half of 2023 were 93,770,028 thousand yuan, down from 96,301,731 thousand yuan at the end of the previous period[121] - Long-term equity investments increased to 12,805,290 thousand yuan, up from 12,670,290 thousand yuan in the previous period[120] - Fixed assets decreased to 29,590,722 thousand yuan, down from 30,593,141 thousand yuan in the previous period[120] - Total equity attributable to owners of the company was 16,310,251 thousand yuan, up from 14,820,159 thousand yuan in the previous period[121] Market and Operational Performance - Global air passenger demand grew by 39.1% year-over-year in May 2023, reaching 96.1% of 2019 levels, with international passenger demand recovering to 90.8% of 2019 levels[20] - Domestic air passenger demand in China recovered to 88.2% of 2019 levels in the first half of 2023, with total passenger traffic reaching 284 million[21] - Hainan Airlines operated nearly 1,400 routes in the first half of 2023, including over 1,300 domestic routes covering all provinces and regions in China, and more than 100 international routes[21] - Hainan Airlines achieved a flight punctuality rate of 92.33% in the first half of 2023, an increase of 12.88 percentage points compared to the same period in 2019[23] - The company launched in-flight Wi-Fi services on 28 B787-9 aircraft, making it the largest domestic B787-9 fleet with air-ground connectivity and the second-largest B737 fleet with local area network capabilities[24] - Hainan Airlines ranked first in market share in Haikou and among the top in key cities such as Sanya, Xi'an, Urumqi, Kunming, Fuzhou, and Nanning[25] - The company expanded its EasyFly baggage sales network to 35 locations, offering diverse and convenient service experiences[26] - Hainan Airlines completed 187 major flight support missions, including 147 in-flight medical emergencies and 50 organ and stem cell transport tasks[27] - The company saved 46,200 tons of fuel and reduced CO2 emissions by 145,500 tons through 30+ energy-saving projects in H1 2023[28] - Since 2008, Hainan Airlines has saved 786,700 tons of fuel and reduced CO2 emissions by 2.4782 million tons[28] - The company used 29.8044 million sets of eco-friendly tableware, meal boxes, and paper cups on domestic flights in H1 2023[28] - Hainan Airlines plans to increase capacity in core markets such as Hainan, Beijing, Guangzhou-Shenzhen, Chengdu-Chongqing, Xi'an, Urumqi, Kunming, Fuzhou, and Nanning[29] - The company aims to enhance its product system, improve membership services, and advance digital transformation to boost operational efficiency[29] - The company operated a total of 339 aircraft as of June 30, 2023[30] - The company saved 46,200 tons of fuel and reduced carbon dioxide emissions by approximately 145,500 tons in the first half of 2023 through refined fuel-saving management[67] - The company used 29,804,400 sets of disposable eco-friendly products in the first half of 2023, with a total investment of 5.9285 million yuan[66] - The company received donations of 48,931 tons of carbon credits for its "Green Journey•Carbon Offset" initiative, which restored approximately 50 acres of degraded mangroves[66] - The company opened nearly 100 red tourism routes to over 30 revolutionary base areas in the first half of 2023, supporting rural revitalization and economic development in remote areas[68] Corporate Governance and Shareholder Information - The company's A-share stock is listed on the Shanghai Stock Exchange with the ticker symbol 600221[13] - The company's B-share stock is listed on the Shanghai Stock Exchange with the ticker symbol 900945[13] - The company's registered office and headquarters are located at HNA Building, No. 7 Guoxing Avenue, Haikou, Hainan[11] - The company operates subsidiaries including Hainan Airlines (2016) Co., Ltd., Hainan Fushun Investment Development Co., Ltd., and Hainan Airlines (Hong Kong) Co., Ltd.[8] - The company's main financial indicators are reported in thousands of RMB[15] - The company elected Ou Zhewei as a director on March 24, 2023, and Ding Guoqing as a director on August 29, 2023[61][62] - The company appointed Ding Guoqing and Liu Jun as vice presidents, and Chen Yao as CFO in 2023[61][62] - The company approved a cash reward plan for all employees based on 2023 operating profit targets, with specific amounts to be determined by the Compensation and Assessment Committee[63] - The company proposed leasing 3 A330 aircraft to Hong Kong Airlines at the 2022 annual shareholders' meeting on May 6, 2023[59] - Fangda Aviation commits to integrating non-listed aviation assets into the listed company within three years if they meet regulatory conditions, including profitability and compliance[70] - Fangda Aviation has resolved the issue of competition with Hainan Airlines by purchasing the future income rights of Grand China Air's operating routes[70] - Fangda Aviation and its controlling shareholder, Hanwei Investment, have committed to not transferring the shares obtained through the capital increase for 36 months[72] - Fangda Aviation ensures the independence of the