Core Viewpoint - HNA Holding announced a leasing agreement for one B737-800 aircraft and provided a guarantee for the associated debt, indicating ongoing operational expansion and financial commitments [2]. Group 1: Leasing Agreement - HNA Holding's subsidiary, Urumqi Airlines, signed a leasing update agreement with Pengcheng Zhongqian No. 3 Leasing (Xiamen) Co., Ltd. for one B737-800 aircraft (MSN42159) [2]. - The leasing agreement reflects the company's strategy to enhance its fleet and operational capacity [2]. Group 2: Financial Guarantees - The company signed a guarantee contract on September 10, 2025, providing an irrevocable joint liability guarantee for all debts under the main contract, with an expected guarantee amount not exceeding 353.93 million yuan [2]. - As of the announcement date, the total amount of guarantees provided by the company for its subsidiaries is 2.466 billion yuan, which represents 108.51% of the audited net assets attributable to shareholders for the fiscal year 2024 [2].

Core Viewpoint - The Chinese civil aviation market is experiencing growth in transport scale and competition, with a notable increase in transport turnover, passenger transport volume, and seat occupancy rate, but facing challenges from excessive competition and a complex demand environment [1][4]. Domestic Market Summary - The domestic market shows a "volume increase and price decrease" trend, leading to a decline in operational revenue for most airlines on domestic routes [1][4]. - In the first half of 2025, the total transport turnover increased by 11.4%, and passenger transport volume grew by 3.9%, while the average economy class ticket price fell by 6.9% compared to the same period in 2024 [4]. - Major airlines reported varying revenue growth: China Southern Airlines, Air China, and China Eastern Airlines achieved revenues of 862.91 billion, 807.57 billion, and 668.22 billion yuan, with year-on-year growth rates of 1.77%, 1.6%, and 4.09% respectively [1][3]. Profitability Situation - Despite pressure on domestic route prices, falling oil prices and currency appreciation have alleviated some cost pressures for airlines [2]. - Among the three major airlines, China Eastern Airlines had the least net profit loss, while China Southern Airlines' losses expanded [2]. - The profitability of the four major private airlines improved to varying degrees [2]. International Market Summary - The international market saw significant capacity expansion, with a net increase of 123 international routes and a 28.5% increase in passenger transport volume compared to the previous year [9]. - Major airlines increased their international route capacity: China Eastern Airlines by 24.38%, Air China by 16.7%, and China Southern Airlines by 22.5% [9][11]. - Despite a decline in passenger kilometer revenue, the increase in international passenger transport volume positively impacted revenue performance for these airlines [9]. Competitive Landscape - The domestic aviation industry continues to face intense competition, characterized by product service homogeneity and insufficient control over sales channels [4][6]. - The "anti-involution" policy has been initiated, with the release of the "Self-Discipline Convention for Air Passenger Transport" aimed at regulating unhealthy market behaviors [6][7]. Specific Airline Performance - Hainan Airlines and Spring Airlines increased their domestic route capacity by 2.67% and 3.61% respectively, while China Southern Airlines and Air China saw declines in passenger kilometer revenue [6]. - Huaxia Airlines significantly increased its domestic route capacity by 21.42%, resulting in a 27.13% increase in passenger turnover and a 12.41% revenue growth [5]. International Route Focus - Airlines are focusing on routes to Japan and Southeast Asia, with Spring Airlines reporting a 116.8% increase in capacity for Japanese routes [12]. - New international routes have been opened by various airlines, enhancing connectivity to Europe and countries involved in the Belt and Road Initiative [13].

Core Insights - The Chinese civil aviation market is experiencing growth in transport scale, with key indicators such as total turnover, passenger transport volume, and seat occupancy rate showing year-on-year improvements, despite ongoing over-competition and a complex demand environment [1][4] - The domestic market is characterized by a "volume increase and price drop" phenomenon, leading to a decline in operational revenue for most airlines on domestic routes [1][4] - In the international market, airlines have increased capacity on international routes, resulting in a significant rise in passenger turnover, although some airlines have seen a decrease in revenue per passenger kilometer [1][8] Domestic Market Performance - The overall performance of the domestic market shows a trend of "volume increase and price drop," with the average economy class ticket price dropping by 6.9% year-on-year to 740 yuan [4][5] - Major airlines have adjusted their capacity, with China Eastern and China Southern increasing domestic capacity by 1.07% and 0.44%, respectively, while Air China reduced its capacity by 1.26% [5][7] - The domestic passenger transport volume increased by 3.9%, but operational revenue for most airlines declined due to falling ticket prices [4][5] Financial Performance of Major Airlines - China Southern Airlines reported revenue of 86.291 billion yuan, a year-on-year increase of 1.77%, but a net profit loss of 15.33 billion yuan, widening by 24.84% [3][2] - China Eastern Airlines achieved revenue of 66.822 billion yuan, a 4.09% increase, with a net profit loss of 14.31 billion yuan, improving by 48.30% [3][2] - Air China generated revenue of 80.757 billion yuan, a 1.6% increase, with a net profit loss of 18.06 billion yuan, improving by 35.11% [3][2] International Market Expansion - The international market saw a net increase of 123 international routes, with passenger transport volume growing by 28.5% year-on-year, surpassing pre-pandemic levels [8][9] - Major airlines increased their international capacity significantly, with China Eastern, China Southern, and Air China raising their capacity by 24.38%, 22.5%, and 16.7%, respectively [8][10] - Despite a decline in revenue per passenger kilometer, international passenger revenue for China Southern and Air China increased by 15.74% and 16.09%, respectively [8][10] Strategic Focus and Market Trends - Airlines are focusing on expanding international routes, particularly in Northeast Asia and Southeast Asia, with significant capacity increases noted for Spring Airlines and others [11][12] - The industry is witnessing a shift towards more structured competition, with the introduction of self-regulatory agreements aimed at curbing price dumping and promoting healthy market practices [7][8] - Domestic airlines are enhancing their route networks, particularly in the Yangtze River Delta region, to improve connectivity and operational efficiency [12][13]

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 2025-085 海南航空控股股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就投 资者普遍关注的问题进行回答。 ●会议召开时间：2025 年 09 月 18 日(星期四) 14:00-15:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于 2025 年 09 月 11 日（星期四）至 09 月 17 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 ...

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： 临时公告 证券代码：600221 、900945 证券简称：海航控股 、海控 B 股 公告编号：2025-086 海南航空控股股份有限公司 关于为控股子公司提供担保实施的公告 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保余额（万元） | 246,623.28 | | 对外担保余额占上市公司最近一 期经审计净资产的比例（%） | 108.51% | | 特别风险提示（如有请勾选） | 对外担保总额（含本次）超过上市公司最 | | | 近一期经审计净资产 50% | | | 对外担保余额（含本次）超过上市公司最 | | | 近一期经审计净资产 100% | | | □对合并报表外单位担保余额（含本次）达到 | | | 或超过最近一期经审计净资产 30% | | | 本次对资产负债率超过 70%的单位提供担 | | 保 | | | 其他风险提示（如有） | 无 | 1 临时公告 | | ...

今年以来海航控股已经1次登上龙虎榜，最近一次登上龙虎榜为7月24日，当日龙虎榜净买入1.16亿元； 买入总计2.52亿元 ，占总成交额比16.96%；卖出总计1.36亿元 ，占总成交额比9.15%。 资料显示，海南航空控股股份有限公司位于海南省海口市国兴大道7号海航大厦,海南省海口市美兰区美 兰机场路9号海南航空海口美兰基地，成立日期1995年12月29日，上市日期1999年11月25日，公司主营 业务涉及定期、不定期航空客、货运输。主营业务收入构成为：客运及其他87.52%，其他(补 充)8.12%，航空货运及逾重行李4.36%。 9月5日，海航控股盘中上涨2.65%，截至13:46，报1.55元/股，成交4.52亿元，换手率0.90%，总市值 669.84亿元。 资金流向方面，主力资金净流入2518.86万元，特大单买入1.18亿元，占比26.14%，卖出1.05亿元，占比 23.34%；大单买入1.24亿元，占比27.44%，卖出1.11亿元，占比24.66%。 海航控股今年以来股价跌8.82%，近5个交易日跌2.52%，近20日涨1.97%，近60日涨17.42%。 截至6月30日，海航控股股东户数5 ...

临时公告 证券代码：600221、900945 证券简称：海航控股、海控 B 股 公告编号：2025-084 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： 海南航空控股股份有限公司（以下简称"公司"）董事会于 2025 年 9 月 8 日收到副总裁刘军先生提交的书面辞职报告，其因工作调整原因申请辞去公司副 总裁职务，辞职报告自送达董事会之日起生效。 一、提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | | 原定任期到 | | | | 是否继续在上 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 期日 | | | 离任原因 | 市公司及其控 | | | | | | | | | | | 股子公司任职 | 公开承诺 | | 刘军 | 副总裁 | 2025 年 | 9 月 | 2025 年 | 11 | 月 | 工作调整 | 否 | 否 | | | | 日 8 | | 13 | ...

截至发稿，海航控股市值为683亿元。 每经AI快讯，海航控股（SH 600221，收盘价：1.58元）9月9日晚间发布公告称，海南航空控股股份有 限公司董事会于2025年9月8日收到副总裁刘军先生提交的书面辞职报告，其因工作调整原因申请辞去公 司副总裁职务，辞职报告自送达董事会之日起生效。刘军先生辞职后不再担任公司任何职务。 2025年1至6月份，海航控股的营业收入构成为：客运收入占比87.52%，其他业务占比8.12%，货运及逾 重行李收入占比4.36%。 每经头条（nbdtoutiao）——雷军挥泪"斩"王腾，小米爱将泄密"失街亭"，大厂正风肃纪"拼牙口" （记者 曾健辉） ...

海航控股：副总裁刘军由于工作调整辞职。 ...

临时公告 证券代码：600221 、900945 证券简称：海航控股 、海控 B 股 公告编号：2025-083 海南航空控股股份有限公司 2025年第三次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 审议结果：通过 | 表决情况： | | --- | | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例（%） | | | | | | （%） | | | | A 股 | 3,553,722,791 | 61.7484 | 2,187,543,661 | 38.0100 | 13,899,068 | 0.2416 | | B 股 | 168,800 | 100.0000 | | 0 0.0000 | 0 | 0.0000 | | 普通股合 | 3,553,891,591 | ...