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 2025-044 海南航空控股股份有限公司 第十届董事会第四十一次会议决议公告 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 6 月 6 日，海南航空控股股份有限公司（以下简称"公司"）第十届董 事会第四十一次会议以通讯方式召开，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》（以下简称"公司 章程"）的有关规定。会议审议并通过如下议案： 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。 三、逐项审议通过《关于本次重大资产重组方案的议案》 1 二、审议通过《关于本次交易不构成关联交易的议案》 公司拟以支付现金的方式购买海南空港开发产业集团有限公司持有的海南天羽 飞行训练有限公司 100.00%股权。根据《上海证券交易所股票上市规则》等相关法律 法规及规范性文件的规定，交易对方与公司不存在关联关系，本次交易不构成关联交 易 ...

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 2025-043 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：云南祥鹏航空有限责任公司（以下简称"祥鹏航空"或"承 租人"） 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"）拟为控股子公司祥鹏航空一架飞机租赁提供 不超过 0.6 亿美元的担保。截至本公告披露日，公司已实际为祥鹏航空提供的担保 余额为 20.93 亿元人民币。 本次担保是否有反担保：有。 对外担保逾期的累计数量：无逾期担保。 特别风险提示：祥鹏航空资产负债率已超过 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 ...

Investment Rating - The report assigns an investment rating of "Buy" for the company, indicating a positive outlook based on operational improvements and performance potential [6]. Core Views - The company is positioned as the fourth largest airline in China, with a significant restructuring following its bankruptcy in 2021, leading to improved operational efficiency and performance recovery [7]. - The company benefits from a high proportion of operating lease aircraft, providing greater flexibility and resilience compared to competitors, alongside investments in various industry chain companies that are expected to enhance profitability as the aviation sector improves [7]. - The company is expected to leverage its geographical advantages, particularly from the Hainan Free Trade Port development, to capitalize on growth opportunities [7]. Financial Performance Summary - Revenue projections show a significant increase from 58,641 million RMB in 2023 to 92,311 million RMB by 2027, with a compound annual growth rate (CAGR) of approximately 13.68% [6]. - The net profit forecast indicates a recovery from a loss of 921 million RMB in 2024 to a profit of 5,684 million RMB by 2027, reflecting a strong turnaround in profitability [6]. - The earnings per share (EPS) is projected to rise from -0.02 RMB in 2024 to 0.13 RMB in 2027, indicating a positive trend in shareholder returns [6]. Operational Metrics - The company achieved a passenger volume of 23.06 million in the first four months of 2025, representing a year-on-year increase of 5.3%, with international passenger volume surging by 78.3% [7]. - The passenger load factor reached 83% in 2023, showing an improvement of 0.64 percentage points year-on-year, while the aircraft utilization rate surpassed the industry average for the first time in seven years [7]. - The company’s unit revenue per passenger kilometer (RPK) reached 0.53 RMB, ranking third in the industry and reflecting a significant increase compared to 2019 levels [7].

Summary of Hainan Airlines Conference Call Company and Industry Overview - **Company**: Hainan Airlines - **Industry**: Aviation Key Points and Arguments 1. **Revenue and Profit Growth**: Hainan Airlines reported that its revenue and profit for Q2 2025 have exceeded the same period last year, with cumulative revenue from January to May also surpassing last year’s figures [2][3] 2. **Summer Profit Expectations**: The airline anticipates a significant profit surge during the summer season, particularly in the northwest market, with ticket sales showing a notable increase compared to last year [2][4] 3. **Performance During Holidays**: During the May Day holiday, available seat kilometers (ASK) increased by 5.8%, domestic load factor rose by 1.6%, and passenger kilometer revenue grew by 2.2% [5][6] 4. **Supply and Demand Dynamics**: A shortage in aircraft supply from manufacturers like Boeing and Airbus, combined with stable growth in domestic travel demand, has led to increased ticket prices and passenger revenue [2][7] 5. **OTA Regulation Measures**: Hainan Airlines has established a department to address issues with Online Travel Agencies (OTAs), implementing scoring systems and penalties for non-compliance to protect passenger rights and revenue [2][8] 6. **Reduction in Price Wars**: Major airlines are gradually moving away from price wars, focusing instead on price control, which is expected to enhance overall industry revenue, though long-term effects remain uncertain [2][9] 7. **Financial Recovery**: From January to May 2025, Hainan Airlines' revenue grew by approximately 3%-5%, with April profits nearing 100 million yuan and May showing a turnaround from losses [2][11] 8. **Changes in Profit Structure**: The profitability structure of the civil aviation industry has undergone significant changes, with expectations of continued revenue growth in the summer season [12][27] 9. **Impact of Hainan's Free Trade Policies**: Post-Hainan's customs closure, airlines benefit from tax exemptions on fuel, which reduces operational costs and supports market growth [2][17] 10. **High Debt Ratio**: The company’s high debt ratio is attributed to past financial difficulties, but recent capital injections have stabilized its financial structure [18][19] 11. **Government Support**: The Hainan provincial government has established investment funds to support the airline, providing nearly 1 billion yuan in cash to subsidiaries [20] 12. **Aircraft Delivery Plans**: Hainan Airlines plans to introduce 28 new aircraft over three years, with a focus on leasing to manage costs effectively [21][22] 13. **International Route Performance**: The airline's international routes have seen a decline in passenger load compared to major competitors, but efforts are underway to enhance service frequency and connectivity [23][24] 14. **Recovery in Southeast Asia**: The Southeast Asian market has shown signs of recovery from negative impacts, with no significant long-term damage to overall business [26][27] Additional Important Insights - **Market Share and Strategy**: Hainan Airlines holds a significant market share in various regions, including nearly 50% in Hainan and over 50% in Shenzhen for international routes [25] - **Long-term Growth Outlook**: The airline's recovery post-restructuring and pandemic is promising, with expectations for sustained revenue growth and improved asset-liability ratios [27]

Core Viewpoint - The legal opinion issued by Beijing Deheng Law Firm confirms that the convening and conducting of Hainan Airlines' 2024 Annual General Meeting complies with relevant laws and regulations, ensuring the legitimacy of the meeting and its resolutions [1][5][14]. Group 1: Meeting Procedures - The meeting is scheduled for May 21, 2025, and was convened by the company's board of directors, with proper notification provided to shareholders [1][5]. - The actual time and location of the meeting matched the details disclosed in the company's announcement, confirming adherence to legal requirements [5][6]. - The meeting included both on-site and online voting, with the online voting period specified [6][8]. Group 2: Attendance and Voting - A total of 3,738 shareholders attended the meeting, representing 22,271,606,875 shares, which is 51.5360% of the total voting shares [6][7]. - The qualifications of attendees and the convenor of the meeting were verified as legitimate and in compliance with relevant regulations [7][8]. - The voting process was conducted in accordance with legal standards, with no amendments to the proposed resolutions during the meeting [8][9]. Group 3: Voting Results - The resolutions passed included the approval of the 2024 Annual Report, the Board of Directors' Work Report, and the Financial Report, with significant support from shareholders [9][10][11]. - Specific voting results indicated that the resolutions received overwhelming approval, with the majority of votes in favor [9][10][12]. - The resolutions regarding the 2024 profit distribution plan and the 2025 financing plan were also approved, reflecting shareholder confidence [10][14]. Group 4: Conclusion - The legal opinion concludes that all aspects of the meeting, including the convening, attendance, voting procedures, and results, are in compliance with the Company Law, Securities Law, and relevant regulations, affirming the validity of the meeting's resolutions [14][15].

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：2025-042 海南航空控股股份有限公司 2024年年度股东大会决议公告 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 临时公告 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长祝涛先生主持。会议采用现场投票 和网络投票相结合的表决方式进行表决。会议的召开和表决符合《公司法》和《公 司章程》的规定，会议合法有效。 (五) 公司董事、监事和董事会秘书的出席情况 1、公司在任董事12人，出席5人，董事丁拥政先生、吴锋先生、邱亚鹏先生、丁 国清先生、田海先生、陈垚先生、欧哲伟先生因其他公务未能出席本次会议； 二、 议案审议情况 (一) 非累积投票议案 | 1、出席会议的股东和代理人人数 | 3,738 | | --- | --- | | 其中：A 股股东人数 | 3,733 | | 境内上市外资股股东人数 ...

关于海南航空控股股份有限公司 2024 年年度股东大会的 法律意见 北京德恒律师事务所 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于海南航空控股股份有限公司 2024 年年度股东大会的法律意见 北京德恒律师事务所 关于海南航空控股股份有限公司 2024 年年度股东大会的 法律意见 德恒 01G20240517-7 号 致：海南航空控股股份有限公司 海南航空控股股份有限公司（以下简称"公司"）2024 年年度股东大会（以 下简称"本次会议"）于 2025 年 5 月 21 日（星期三）召开。北京德恒律师事务 所（以下简称"德恒"）受公司委托，指派律师（以下简称"德恒律师"）出席 了本次会议。根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、中国证券监督管理委员会 《上市公司股东会规则》（以下简称"《股东会规则》"）、《海南航空控股股 份有限公司章程》（以下简称"《公司章程》"）的规定，德恒律师就本次会议 的召集、召开程序、现场出席会议 ...

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 5 月 19 日，海南航空控股股份有限公司（以下简称"公司"）第十届董 事会第四十次会议以通讯方式召开，应参会董事 12 名，实际参会董事 12 名，符合《公 司法》和《公司章程》的有关规定。会议审议并通过《关于聘任李都都先生为公司财 务总监的议案》。 公司董事会同意聘任李都都先生为公司财务总监，任期与公司第十届董事会任期 一致，自本次董事会批准之日起生效。因工作调整原因，陈垚先生不再担任公司财务 总监职务。 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 2025-041 海南航空控股股份有限公司 第十届董事会第四十次会议决议公告 董事会表决结果：赞成 12 票，反对 0 票，弃权 0 票。 特此公告。 海南航空控股股份有限公司 董事会 临时公告 附件：李都都先生简历 李都都，男，1981 年 11 月出生，籍贯陕西，中共党员，毕业于西安交通大学会 计学专业，本科学历。2004 年参加工作，历任海航航空管理服务有限公司财 ...

Core Viewpoint - HNA Group's stock closed at 1.35 yuan on May 16, 2025, with a decrease of 0.74% and a trading volume of 2.3393 million shares, amounting to a turnover of 316 million yuan [1] Trading Information Summary - On May 16, 2025, the net outflow of main funds from HNA Group was 13.1207 million yuan, while speculative funds and retail investors saw net inflows of 5.2113 million yuan and 7.9093 million yuan, respectively [2][5] Company Announcement Summary - In April 2025, HNA Group and its subsidiaries reported a year-on-year increase in Revenue Passenger Kilometers (RPK) of 10.33%, with domestic growth of 0.94%, regional growth of 90.15%, and international growth of 64.46% [3] - Revenue Ton Kilometers (RTK) also saw a total increase of 14.15%, with domestic growth of 1.84%, regional growth of 83.47%, and international growth of 64.22% [3] - The number of passengers carried increased by 4.71% year-on-year, with domestic growth of 1.95%, regional growth of 71.26%, and international growth of 65.45% [3] - Cargo and mail volume increased by 23.20%, with domestic growth of 15.03%, regional decline of 3.88%, and international growth of 56.14% [3] - The company introduced one A321 aircraft and retired several others, maintaining a total of 347 aircraft in operation as of the end of April [3] - New international routes include Haikou to Osaka (three flights per week), Beijing to Tel Aviv (two flights per week), and Chongqing to Bangkok (three flights per week) [4] - HNA Group announced a guarantee for its subsidiary, Yunnan Xiangpeng Airlines, providing up to 150 million yuan and 60 million USD in joint liability guarantees, with a total guarantee balance of 2.072 billion yuan as of the announcement date [4][5]

Core Viewpoint - Hainan Airlines Holdings reported a revenue of 65.236 billion yuan for 2024, marking an 11.25% year-on-year increase, but incurred a net loss of 0.921 billion yuan [1][4] Group 1: Financial Performance - In 2024, the company achieved a total turnover of 1,239,622 million ton-kilometers and transported 68.03 million passengers [1] - The total assets of the company reached 141.707 billion yuan, with total liabilities of 140.166 billion yuan, resulting in a debt-to-asset ratio of 98.91% [1] - The company did not distribute profits in 2024 and reported an unallocated loss of 77.367 billion yuan, exceeding one-third of the paid-in capital [1] Group 2: Operational Data - In April 2025, the company saw a 65.45% year-on-year increase in international passenger transport volume [2][4] - The company introduced one A321 aircraft while retiring several others, maintaining a total of 347 operational aircraft by the end of April 2025 [2] - The passenger capacity input increased by 10.32% year-on-year, with a corresponding 10.33% increase in revenue passenger kilometers [2] Group 3: Corporate Actions - The company plans to apply for a new comprehensive credit limit of up to 12 billion yuan from financial institutions for 2025 [1] - Hainan Airlines approved a mutual guarantee limit of 15.8 billion yuan for its subsidiaries in 2025 [3] - The company provided guarantees of up to 1.5 billion yuan and 60 million USD for its subsidiary, Xiangpeng Airlines [3][4]