海南航空控股股份有限公司 证券代码：600221、900945 股票简称：海航控股、海控B股 编号：临2025-121 海南航空控股股份有限公司 关于选举职工董事的公告 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"）2025年第五次临时股东大会审议通过了《关于修订〈公 司章程〉的议案》，根据《中华人民共和国公司法》及修订后的《公司章程》等相关规定，公司董事会 设职工董事一名，职工董事由公司职工通过民主选举方式产生。 公司职工代表团(组)长2025年第79次会议于2025年12月17日做出决议，通过了《关于选举王童为海南航 空控股股份有限公司职工董事的议案》。 本次参会的职工代表团(组)长以线上会议表决方式同意选举王童先生为第十一届董事会职工董事，其任 期与公司第十一届董事会任期一致。王童先生的任职资格符合相关法律法规、规范性文件和《公司章 程》的有关规定。 特此公告。 董事会 二〇二五年十二月十八日 王童，男，籍贯河南洛阳，1979年6月出生，毕业于陕西师范大学，本科学历。2001 ...

根据股东持股数量不同，海航给出的机票折扣不同。持股10万股以上自然人股东或机构股东代表（含10万股），可享海南航空及控股子公司执飞航班机票 市价9折购票优惠，如果是起飞或降落在海南地区的航班，可在机票市价9折购票优惠基础上叠加9折购票优惠。持股5万股至10万股的，享受9.5折，叠加 也是9.5折；持股5万股以下的，折扣均为9.8折。 海航推出的股东回馈引发投资者热议，主要关注点在于回馈力度是否有诚意，以及未来能否对股价形成有力支撑。有投资者称，"几十万就打九折，存支 付宝都比这实惠，还指望他涨，做梦了。"Wind数据显示，10月9日，海航控股收盘价为1.64元/股，10万股对应市值16.4万元，放入余额宝两个月可产生的 利息在290元左右，对比海航提供的机票折扣力度，近期需多次飞行的投资者可获得较大实惠。 齐鲁晚报·齐鲁壹点记者 黄寿赓 实习生 李名洋 继峨眉山A、千味央厨之后，12月8日晚间，海航控股（600221.SH）及海控B股也加入了A股公司"花式"股东回馈之列，为股东提供的是打折机票。 海航控股公告称，为感谢股东长期以来对海南航空的支持，在2025年12月海南自由贸易港正式封关运作以及海南航空加入辽 ...

证券代码：600221 、900945 证券简称：海航控股 、海控B股 公告编号：2025-093 海南航空控股股份有限公司关于召开2025年第四次临时股东大会的通知 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： ● 股东大会召开日期：2025年10月20日 ● 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 一、召开会议的基本情况 (一)股东大会类型和届次 2025年第四次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025年10月20日 14点30分 召开地点：海南省海口市国兴大道 7 号海航大厦会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025年10月20日 至2025年10月20日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会召开当日的交易时间 ...

Group 1 - The company has provided an irrevocable joint liability guarantee for its subsidiary Urumqi Airlines, covering a maximum amount of 353.93 million yuan for a lease agreement of a B737-800 aircraft [2][4] - The company approved a mutual guarantee limit of 15.8 billion yuan for 2025, with 11.3 billion yuan allocated for subsidiaries with a debt-to-asset ratio above 70% and 4.5 billion yuan for those below [3][4] - As of the announcement date, the total guarantee balance for the subsidiary is 2.466 billion yuan, which accounts for 108.51% of the company's audited net assets for 2024 [10] Group 2 - The guarantee period for the obligations is set for three years after the fulfillment of the main debt, with provisions for extensions if the debt terms change [8] - The company maintains absolute control over the subsidiary's operations and financial status, ensuring manageable risk levels for the guarantee provided [8][9] - The board of directors has authorized the management to handle specific guarantee procedures within the approved mutual guarantee limit without needing further board or shareholder meetings [5][6] Group 3 - The company will hold a half-year performance briefing on September 18, 2025, to discuss its operational results and financial indicators for the first half of 2025 [12][13] - Investors can participate in the briefing through an online interactive platform, with opportunities to submit questions in advance [14][17] - Key executives, including the chairman and president, will be present to address investor inquiries during the session [15][16]

Core Points - The company reported significant growth in operational metrics for April 2025, including a 10.32% increase in passenger capacity and a 10.33% increase in revenue passenger kilometers [2] - The company introduced new international routes, enhancing its service offerings [2] - The company provided guarantees for its subsidiary, Yunnan Xiangpeng Airlines, to support its financing needs [4][8] Operational Data Summary - In April 2025, the company added one A321 aircraft while retiring several others, resulting in a total fleet of 347 aircraft [2] - Passenger capacity (available seat kilometers) increased by 10.32% year-on-year, while revenue passenger kilometers rose by 10.33% [2] - International passenger traffic surged by 65.45%, with a slight increase in international load factor by 0.94 percentage points [2] - Cargo and mail transport volume grew by 23.20%, with cargo load factor increasing by 9.94 percentage points and cargo revenue ton kilometers up by 41.04% [2] New Route Introductions - The company launched new routes including Haikou to Osaka (three flights per week), Beijing to Tel Aviv (two flights per week), and Chongqing to Bangkok (three flights per week) starting in April 2025 [2] Guarantee Details - The company plans to provide guarantees for Yunnan Xiangpeng Airlines amounting to up to 1.5 billion RMB and 0.6 million USD for two leasing contracts [4] - As of the announcement date, the total guarantees provided to Yunnan Xiangpeng Airlines amounted to 20.72 billion RMB [8] - The company has a total external guarantee balance of 24.51 billion RMB, which exceeds 107.83% of its audited net assets for 2024 [20]

Financial Performance - The company's operating revenue for the first half of 2024 reached CNY 31,742,628, an increase of 14.86% compared to CNY 27,636,003 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was CNY -636,040, improving from CNY -1,609,365 in the previous year[14]. - The net cash flow from operating activities was CNY 6,319,431, representing a 10.39% increase from CNY 5,724,610 in the same period last year[14]. - The total assets at the end of the reporting period were CNY 138,424,174, a 3.27% increase from CNY 134,034,890 at the end of the previous year[14]. - The net assets attributable to shareholders of the listed company decreased by 38.40% to CNY 1,422,935 from CNY 2,309,965 at the end of the previous year[14]. - The company reported a net profit excluding non-recurring gains and losses of CNY -870,074, an improvement from CNY -2,311,133 in the previous year[14]. - Basic earnings per share for the reporting period (January to June) was -0.0147 CNY, an improvement from -0.0372 CNY in the same period last year[15]. - Weighted average return on equity was -32.90%, significantly better than -182.12% in the previous year[15]. - The total comprehensive income for the first half of 2024 was CNY -1,011,616 thousand, compared to CNY -2,050,315 thousand in the same period of 2023[90]. - The net profit for the first half of 2024 was CNY -772,489 thousand, an improvement from CNY -1,822,625 thousand in the first half of 2023[89]. Operational Highlights - The airline industry saw a total transportation turnover of 703.0 billion ton-kilometers in the first half of 2024, a year-on-year increase of 32.2%[18]. - Passenger transport volume reached 350 million, reflecting a 23.5% year-on-year growth[18]. - The company operates over 1,400 domestic and international routes, with nearly 1,300 domestic routes covering all provinces and municipalities[18]. - The company has been recognized as the only SKYTRAX five-star airline in mainland China, maintaining this honor for thirteen consecutive years[18]. - The Asia-Pacific region is expected to see the highest growth in passenger volume, with a projected increase of 17.2%[17]. - The company is focusing on strengthening its market position in Hainan and key cities like Beijing and Guangzhou[18]. - In the first half of 2024, HNA Holdings achieved a safe flight record of 348,000 hours without any major incidents, marking a significant milestone with a total of 10 million consecutive safe flight hours[19]. - The company maintained the highest market share in Haikou and ranked among the top in key cities such as Sanya, Xi'an, Urumqi, Kunming, Fuzhou, and Nanning[19]. Cost Management and Efficiency - HNA Holdings implemented cost management measures that resulted in a cumulative cost reduction of approximately 2.503 billion yuan in the first half of 2024[20]. - The company plans to enhance its route network and service offerings, focusing on key markets such as Hainan, Beijing, and Guangzhou, to improve operational efficiency and profitability[21]. - The passenger load factor improved to 82.51%, up 1.97 percentage points year-on-year[25]. - The average fleet age is 9.51 years, with a total of 343 operational aircraft as of June 30, 2024[23]. Financial Position and Liabilities - The company has outstanding payables to HNA Group totaling RMB 35.62 billion, with a commitment to repay 10% by December 31, 2023, and the remaining 70% by the end of 2024[56]. - The total amount owed by HNA Cargo Company for operational payments is RMB 8.44 billion, with a structured repayment plan in place[58]. - The company has committed to repaying 10% of its debts by December 31, 2024, and will continue to repay the remaining amounts in a structured manner[58]. - The company is involved in significant litigation, with claims totaling approximately ¥120.37 million related to various agreements and outstanding payments[60]. - The total amount owed by the company in various agreements is approximately ¥265.99 million, with a remaining principal of ¥90.41 million as of March 27, 2024[60]. Environmental and Social Responsibility - The company has reduced carbon emissions by approximately 2.767 million tons through over 30 energy-saving projects since 2008[48]. - The "Green Path Carbon Offset" project has received donations equivalent to 52,110 tons of carbon credits, contributing to biodiversity and ecosystem restoration[49]. - The company has used approximately 31.03 million eco-friendly items on domestic flights from January to June 2024 as part of its plastic ban initiative[49]. - Hainan Airlines has implemented over 30 energy-saving and emission reduction projects, resulting in a reduction of approximately 162,000 tons of CO2 emissions from January to June 2024[50]. - The company has established an energy management system, becoming the first airline in China's civil aviation industry to receive certification for such a system[50]. Corporate Governance and Management Changes - The company appointed four new vice presidents: Liu Weibin, Yan Bo, Li Dianchun, and Zhang Guoping, effective January to April 2024[43]. - The company elected Jiang Shanhe as an independent director during the second extraordinary shareholders' meeting on July 16, 2024[44]. - The company has undergone significant management changes, including the election of Zhu Tao as chairman and the appointment of Yu Chaojie as president[43]. Future Outlook and Strategic Initiatives - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[99]. - Future guidance indicates a cautious outlook due to ongoing market volatility and economic uncertainties[100]. - The company is exploring strategic mergers and acquisitions to strengthen its market position and operational capabilities[104]. Related Party Transactions - The company reported a total of 4,259,499 thousand RMB in related party transactions for the current period, an increase of 7.6% compared to 3,957,182 thousand RMB in the previous period[65]. - The company generated 917,761 thousand RMB from Hainan Airlines for cargo services and aircraft maintenance, which is a significant increase from 438,657 thousand RMB in the previous period, reflecting a growth of 109.5%[64]. Taxation and Compliance - The company has a tax rate of 15% applicable to certain subsidiaries, while other subsidiaries are subject to a 25% tax rate[172]. - The company is eligible for a reduced corporate income tax rate of 15% under specific government policies, which applies to subsidiaries with over 60% of revenue from encouraged industries[171].

Financial Performance - The company's operating revenue for 2023 reached CNY 58,641,088 thousand, a significant increase of 156.48% compared to CNY 22,864,193 thousand in 2022[19]. - The net profit attributable to shareholders of the listed company was CNY 310,854 thousand, recovering from a loss of CNY 20,246,960 thousand in the previous year[19]. - The net cash flow from operating activities improved to CNY 8,082,510 thousand, compared to a negative cash flow of CNY -2,193,922 thousand in 2022[19]. - The company reported a core operating revenue of CNY 54,473,060 thousand, reflecting a growth of 165.01% from CNY 20,554,821 thousand in the previous year[19]. - Basic earnings per share for 2023 is 0.007 CNY, a significant improvement from -0.594 CNY in 2022[21]. - The total turnover volume was 989,681 million ton-kilometers, an increase of 164.51% year-on-year[44]. - Passenger transportation volume reached 59.48 million, up 182.26% year-on-year[44]. - The company reported a total revenue of 217,468 million, with a net profit of 96,524 million, reflecting a significant performance in the fiscal year[109]. Assets and Liabilities - The total assets as of the end of 2023 were CNY 134,034,890 thousand, a decrease of 2.95% from CNY 138,114,275 thousand at the end of 2022[19]. - The net assets attributable to shareholders of the listed company increased by 98.39% to CNY 2,309,965 thousand from CNY 1,164,379 thousand in 2022[19]. - The total accounts receivable increased by 127.55% year-on-year, reaching 2,606,546 thousand RMB, attributed to the recovery of the civil aviation market[62]. - The company has outstanding debts amounting to CNY 147,450.24, which includes principal and interest losses, with a requirement to settle within six months of court approval of the restructuring plan[174]. Operational Highlights - The company achieved a total flight time of 1,027,900 hours and transported 59,484,000 passengers in 2023[30]. - The company operated nearly 1,800 domestic and international routes in 2023, including over 1,600 domestic routes and more than 100 international routes, covering 37 cities abroad[36]. - The company operated a fleet of 334 aircraft as of December 31, 2023, with an average aircraft age of 9.08 years[45]. - The number of flights operated increased by 110.93% to 410,837, with international flights seeing a growth of 183.21%[46]. Environmental Initiatives - Hainan Airlines saved 95,000 tons of fuel and reduced carbon dioxide emissions by approximately 299,000 tons through over 30 energy-saving projects in 2023[34]. - The company invested 25.52 million yuan in environmental protection during the reporting period[149]. - The company has reduced carbon dioxide emissions by approximately 2.6 million tons since 2008 through over 30 energy-saving and emission-reduction projects[150]. - The company has established an energy management system and is the first airline in China's civil aviation industry to obtain energy management system certification[152]. Corporate Governance - The company emphasizes the importance of corporate governance, ensuring compliance with laws and regulations, and maintaining a balanced governance structure among shareholders, board of directors, and management[95]. - The board of directors has established four specialized committees to enhance decision-making processes and oversight[96]. - The company has implemented strict procedures for related party transactions to protect the interests of all shareholders, particularly minority shareholders[98]. - The company is committed to timely and accurate information disclosure to protect investor interests and maintain market confidence[98]. Strategic Plans and Future Outlook - The company aims to enhance its route network by increasing capacity and improving operational quality, focusing on high-frequency domestic business routes and international connections[89]. - The company plans to actively restore international passenger routes, particularly those related to the Belt and Road Initiative and RCEP countries, to boost international trade and travel[89]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[110]. - The company is considering strategic acquisitions to bolster its competitive position, with potential targets identified in the technology sector[110]. Regulatory Compliance and Challenges - The company received a notice from the China Securities Regulatory Commission (CSRC) on December 17, 2021, regarding an investigation for suspected violations of information disclosure laws[122]. - The company is focusing on compliance and improving its information disclosure practices following regulatory scrutiny[122]. - The company is exploring new strategies to mitigate risks associated with regulatory compliance[122]. - The administrative penalty decision from the China Securities Regulatory Commission was received on November 8, 2023, related to historical matters before the company's bankruptcy restructuring[177]. Related Party Transactions - The company reported a significant increase in related party transactions, totaling RMB 7,935,809 thousand in the current period, compared to RMB 4,395,780 thousand in the previous period, representing a growth of approximately 80%[182]. - The largest related party transaction was with Capital Airlines, amounting to RMB 1,683,993 thousand, which is an increase of 126.6% from RMB 742,897 thousand in the previous period[180]. - The company’s related party transactions with SRT amounted to RMB 1,206,420 thousand, up from RMB 208,411 thousand, marking a substantial increase of 478.5%[181]. Employee and Compensation Policies - The total number of employees in the parent company and major subsidiaries is 35,178, with 16,229 in the parent company and 18,949 in major subsidiaries[134]. - The company implements a strategic compensation plan based on the "3P1M" model, focusing on position, person, performance, and market to ensure competitive and attractive compensation[136]. - The company has a training program aimed at enhancing employee capabilities and supporting career development to meet organizational needs[137].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 6,371,300, a decrease of 17.61% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of RMB 3,598,664, with a significant increase in losses compared to the previous year[5] - The basic and diluted earnings per share were both negative RMB 0.1083[5] - Total operating revenue for Q1 2022 was 6,371,300 thousand RMB, down 17.6% from 7,733,004 thousand RMB in Q1 2021[27] - Net loss attributable to shareholders of the parent company for Q1 2022 was 3,598,664 thousand RMB, compared to a net loss of 2,599,530 thousand RMB in Q1 2021[28] - Total comprehensive income attributable to the parent company was -3,695,097 thousand RMB, compared to -2,658,888 thousand RMB in the same quarter of 2021, indicating a decline[32] Cash Flow - The net cash flow from operating activities was negative RMB 3,633,234, representing a decline of 660.70% year-on-year[5] - Cash inflow from operating activities totaled 7,141,750 thousand RMB, down from 8,479,133 thousand RMB year-over-year[32] - Net cash flow from operating activities was -3,633,234 thousand RMB, a significant decrease from a positive 647,983 thousand RMB in Q1 2021[32] - Net cash flow from investing activities was 2,512,333 thousand RMB, up from 588,722 thousand RMB in the previous year[33] - Cash inflow from financing activities was 3,599,147 thousand RMB, compared to 90,052 thousand RMB in Q1 2021[33] - Net cash flow from financing activities was 3,499,376 thousand RMB, a turnaround from -282,977 thousand RMB in the same quarter last year[33] - The ending balance of cash and cash equivalents was 4,917,044 thousand RMB, compared to 2,715,195 thousand RMB at the end of Q1 2021[33] - Total cash and cash equivalents increased by 2,378,521 thousand RMB during the quarter, compared to an increase of 953,674 thousand RMB in Q1 2021[33] Assets and Liabilities - Total assets at the end of the reporting period were RMB 136,599,075, down 4.65% from the end of the previous year[8] - Total assets decreased to 136,599,075 thousand RMB as of March 31, 2022, down from 143,254,576 thousand RMB at the end of 2021[27] - Total liabilities decreased to 129,639,440 thousand RMB as of March 31, 2022, compared to 132,288,003 thousand RMB at the end of 2021[25] - Cash and cash equivalents were 6,076,846 thousand RMB, down from 8,823,552 thousand RMB in the previous year[21] - Accounts payable decreased to 7,195,454 thousand RMB from 8,893,732 thousand RMB in Q1 2021, a reduction of 19.1%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 398,752[14] - The top ten shareholders held a combined 54.08% of the company's shares, with the largest shareholder owning 15.08%[14] Expenses - Total operating costs for Q1 2022 were 10,191,783 thousand RMB, a decrease of 9.0% compared to 11,201,838 thousand RMB in Q1 2021[27] - Research and development expenses significantly decreased to 3,486 thousand RMB from 34,070 thousand RMB in Q1 2021, a drop of 89.8%[27] - The company reported a financial expense of 669,253 thousand RMB, down from 1,380,076 thousand RMB in Q1 2021[27] Other Comprehensive Income - Other comprehensive income after tax for Q1 2022 was -96,778 thousand RMB, compared to -61,031 thousand RMB in Q1 2021[28] - The weighted average return on equity was -54.18%[5] - Non-recurring gains and losses totaled negative RMB 155,083 for the period[9] Accounting Standards - The company did not apply the new accounting standards for the first time in 2022[35]

Audit and Financial Integrity - The company reported a standard unqualified audit opinion from PwC, ensuring the accuracy and completeness of the financial report[6]. - The company emphasizes the importance of the accuracy and completeness of the annual report, with all board members present at the meeting[5]. - The company has engaged PwC to audit the effectiveness of its internal control design and execution, receiving a standard unqualified opinion[160]. Financial Performance - The company's operating revenue for 2021 was CNY 34,002,019 thousand, an increase of 15.65% compared to 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 4,720,934 thousand, a significant recovery from a loss of CNY 64,003,308 thousand in 2020[24]. - The net cash flow from operating activities for 2021 was CNY 677,262 thousand, compared to a negative cash flow of CNY 506,068 thousand in 2020[24]. - The company reported a basic earnings per share of CNY 0.260 for 2021, recovering from a loss of CNY 3.834 per share in 2020[24]. - The total assets decreased by 12.96% to CNY 143,254,576 thousand at the end of 2021 compared to the end of 2020[24]. - The company achieved a revenue of 34.002 billion RMB in 2021, representing a year-on-year increase of 15.65%[48]. - The transportation revenue reached 30.905 billion RMB, up 16.67% year-on-year, primarily due to the gradual reduction of COVID-19 impacts and increased capacity and passenger volume[52]. Operational Highlights - The company transported 41.3 million passengers in 2021, an increase of over 8% compared to 2020[35]. - The company completed 765,600 flight hours and 332,400 flights in 2021, reflecting operational recovery amidst the pandemic[35]. - The company achieved an overall flight punctuality rate of 87.75% in 2021, marking a steady improvement for four consecutive years[42]. - Hainan Airlines operated nearly 1,800 domestic and international routes in 2021, including approximately 1,700 domestic routes and nearly 100 international routes, covering 30 cities abroad[37]. Sustainability Initiatives - In 2021, Hainan Airlines saved 73,000 tons of fuel and reduced carbon dioxide emissions by approximately 230,000 tons as part of its commitment to sustainable development[46]. - The "Green Path Carbon Offset" project has restored about 50 acres of degraded mangroves, contributing to biodiversity protection and regional economic development[165]. - Hainan Airlines has fully implemented the "Hainan Plastic Ban Policy" 63 days ahead of regulations, aiming to replace over 50 million single-use plastic items annually[165]. Risk Management - The company has detailed risk factors in the report, advising investors to be aware of potential unforeseen risks[10]. - The company faces significant risks from macroeconomic factors, including ongoing pandemic instability, rising fuel prices, and intense competition in the domestic aviation market[101]. - A 5% fluctuation in the RMB to USD exchange rate could impact the company's pre-tax profit by approximately 3,843 million yuan[101]. Corporate Governance - The company emphasizes the independence of its management team, ensuring that senior executives do not hold positions in other companies controlled by the major shareholder, thereby maintaining operational integrity[109]. - The company has established a dedicated investor relations management system to enhance communication and ensure equal access to information for all investors[109]. - The company has implemented strict procedures for related party transactions to protect the interests of minority shareholders[109]. Employee and Management Information - The total pre-tax remuneration for the reporting period amounted to CNY 1,982.05 million[119]. - The current president, Xu Jun, has a tenure starting from May 21, 2021, and is set to end on May 20, 2024, with a pre-tax remuneration of CNY 131.20 million[119]. - The company has a total of 34,200 shares held by Wu Feng, indicating no increase or decrease in shareholding[119]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[124]. - New product launches are expected to contribute an additional 1 billion CNY in revenue, with a focus on enhancing customer experience[124]. - The company plans to implement a new loyalty program, expected to increase customer retention by 30%[124]. Compliance and Regulatory Matters - The company received a notice from the China Securities Regulatory Commission regarding a case filed for suspected violations of information disclosure laws on December 17, 2021[134]. - The company has no penalties from securities regulatory agencies in the last three years, except for the aforementioned case[134]. - The company has rectified issues identified in its self-inspection report regarding non-operating fund occupation and undisclosed guarantees[160]. Strategic Development - The company plans to optimize its core network and enhance operational efficiency by increasing the proportion of direct flights and improving route management[100]. - The company is committed to improving service quality and operational standards to ensure stable and healthy development amid external challenges[104]. - The company plans to complete the equity custody of airlines held by its controlling shareholder by the end of the 24-month extension period, which started from the shareholder meeting approval date[179].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 8,923,560, representing a year-on-year increase of 9.71%[6] - The net profit attributable to shareholders for the same period was a loss of CNY 2,561,342, with no applicable year-on-year comparison[6] - Total operating revenue for the first three quarters of 2021 reached RMB 27,257,131 thousand, an increase from RMB 19,845,287 thousand in the same period of 2020[22] - The company reported a net loss of RMB 59,829,099 thousand as of September 30, 2021, compared to a loss of RMB 53,366,792 thousand at the end of 2020[22] - The net profit for the company was -3,966,485 thousand RMB, a decrease from -16,426,418 thousand RMB in the previous year, indicating a significant improvement[26] - Operating profit was reported at -7,159,163 thousand RMB, compared to -20,318,957 thousand RMB in the same period last year, showing a reduction in losses[26] - Total comprehensive income amounted to -4,227,879 thousand RMB, an improvement from -16,590,191 thousand RMB year-over-year[28] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 213,452,162, reflecting a 29.70% increase compared to the end of the previous year[8] - Total assets increased to RMB 213,452,162 thousand as of September 30, 2021, compared to RMB 164,576,692 thousand at the end of 2020[20] - Total liabilities rose to RMB 244,623,903 thousand as of September 30, 2021, up from RMB 186,830,599 thousand at the end of 2020[20] - Total liabilities grew from 186.83 billion to 252.70 billion, an increase of 35.19%[38] - The company's equity attributable to shareholders decreased from -28.37 billion to -31.39 billion, a decline of 10.67%[38] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 2,376,606, with an increase attributed to higher air transport revenue[11] - Cash flow from operating activities generated a net inflow of 2,376,606 thousand RMB, a recovery from -12,079,376 thousand RMB in the previous year[30] - The company received cash from sales and services totaling 28,746,081 thousand RMB, up from 19,410,910 thousand RMB year-over-year[30] - Cash outflow for purchasing goods and services was 20,134,659 thousand RMB, down from 25,700,569 thousand RMB in the previous year[30] - The company reported cash flow from investing activities with a net inflow of 87,651 thousand RMB, a decrease from 9,562,610 thousand RMB in the previous year[30] - Cash and cash equivalents at the end of the period totaled 4,876,184 thousand RMB, an increase from 3,118,954 thousand RMB year-over-year[30] - The company reported a total cash inflow from financing activities of 88,701 thousand RMB, compared to an outflow of 295,426 thousand RMB in the previous year[30] Shareholder Information - The company reported a total of 399,775 common shareholders at the end of the reporting period[12] - The major shareholder, Daxin Air Co., Ltd., holds 23.08% of the shares, amounting to 3,879,228,176 shares[12] Inventory and Investments - The company’s inventory increased to RMB 1,488,330 thousand as of September 30, 2021, compared to RMB 1,142,228 thousand at the end of 2020[17] - The company’s long-term equity investments were valued at RMB 10,302,035 thousand as of September 30, 2021, slightly up from RMB 10,250,172 thousand at the end of 2020[17] - The company’s total non-current assets amounted to RMB 142,238,977 thousand as of September 30, 2021, compared to RMB 98,297,775 thousand at the end of 2020[20] Operational Insights - The company experienced a decrease in operational losses for the year-to-date, contributing to improved net profit figures[11] - The company has not disclosed any new product developments or market expansion strategies in this report[6] - Total operating costs decreased to RMB 35,687,957 thousand in 2021 from RMB 37,094,830 thousand in 2020[22] - Financial expenses for the first three quarters of 2021 were RMB 1,762,286 thousand, down from RMB 3,115,854 thousand in 2020[22] - Cash and cash equivalents as of September 30, 2021, were RMB 7,862,051 thousand, a decrease from RMB 8,236,327 thousand at the end of 2020[17] - Non-current assets rose from 98.30 billion to 160.78 billion, marking a significant increase of 63.23%[35] - Current liabilities increased from 178.87 billion to 186.67 billion, a rise of 4.43%[35] - The company reported a significant increase in lease liabilities, now at 50.27 billion[35] - The total current assets remained at 66.28 billion, showing stability in liquidity[33]