证券代码：001391 证券简称：国货航 公告编号：2025-055 中国国际货运航空股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、基本情况 中国国际货运航空股份有限公司（以下简称"公司"、"国 货航"）于 2025 年 8 月 14 日召开了第二届董事会第四次会 议，审议通过了《关于选举第二届董事会董事长的议案》。 具体情况详见公司于 2025 年 8 月 15 日深圳证券交易所网站 （www.szse.cn）及指定媒体披露的相关公告。 二、工商变更登记情况 根据《中国国际货运航空股份有限公司章程》规定，董 事长为公司的法定代表人。近日，公司完成了法定代表人的 工商变更登记，并取得了北京市市场监督管理局换发的《营 业执照》，具体登记信息如下： 名称：中国国际货运航空股份有限公司 统一社会信用代码：91110000710932056L 类型：股份有限公司（港澳台投资、上市） 1 成立日期：2003 年 11 月 14 日 住所：北京市顺义区天柱路 29 号院 1 幢 1 至 9 层 经营范围：内地、 ...

Core Insights - The company reported a total operating revenue of 10.935 billion yuan for the first half of 2025, representing a year-on-year increase of 21.92% [1] - The net profit for the same period reached 1.24 billion yuan, showing a significant year-on-year growth of 86.22% [1] Revenue Breakdown - The main business revenue amounted to 10.893 billion yuan, with a year-on-year growth of 22.22% [1] - The revenue from the air cargo segment increased by 16.51%, while costs rose by 11.25%, leading to a gross margin increase of 3.91 percentage points [1] - The air cargo station segment saw a revenue increase of 2.15%, with costs decreasing by 0.05%, resulting in a gross margin increase of 2.10 percentage points [1] Operational Factors - The growth in profitability is attributed to the expansion and optimization of the fleet size and route structure, along with effective capacity input and a decrease in aviation fuel prices [1] - The transformation towards a platform-based operational model for cargo stations has enhanced quality and efficiency, with a continuous increase in cargo station throughput driving improved performance [1]

Core Viewpoint - The recent financial report of Guohang Airlines (001391) shows significant growth in revenue and net profit for the first half of 2025, indicating improved profitability and operational efficiency [1]. Financial Performance - Total revenue for the first half of 2025 reached 10.935 billion yuan, a year-on-year increase of 21.92% [1]. - Net profit attributable to shareholders was 1.24 billion yuan, up 86.15% year-on-year [1]. - In Q2 2025, total revenue was 5.753 billion yuan, reflecting a 16.09% increase compared to the same quarter last year [1]. - Q2 net profit attributable to shareholders was 661 million yuan, marking a 62.04% year-on-year growth [1]. - Gross margin improved to 16.46%, a 30.92% increase year-on-year, while net margin rose to 11.34%, up 52.74% [1]. Cost Management - Total selling, administrative, and financial expenses amounted to 363 million yuan, accounting for 3.32% of revenue, a decrease of 8.89% year-on-year [1]. - The company reported a significant increase in operating cash flow per share to 0.14 yuan, up 63.84% year-on-year [1]. Asset and Liability Management - Cash and cash equivalents increased to 5.475 billion yuan, a rise of 34.48% year-on-year [1]. - Interest-bearing debt decreased to 112 million yuan, down 40.75% from the previous year [1]. - Accounts receivable rose to 3.106 billion yuan, a 6.31% increase year-on-year [1]. Business Model and Strategy - The company relies heavily on capital expenditures for growth, necessitating careful evaluation of capital projects [3]. - The company aims to enhance its operational management and risk resilience while expanding its route network and collaborating with partners to support China's logistics and export growth [4]. Market Position - The largest fund holding Guohang Airlines is the Southern CSI A100 ETF, with a current scale of 161 million yuan and a recent net value decline of 1.33% [4]. - The fund has seen a 34.09% increase over the past year, indicating positive market sentiment towards the company [4].

Core Viewpoint - In the first half of 2025, Guohang achieved significant growth in revenue and profit, driven by expansion in its air cargo and logistics operations, alongside improvements in operational efficiency and cost management [1][2]. Financial Performance - Total revenue reached 10.935 billion yuan, a year-on-year increase of 21.92% - Main business revenue was 10.893 billion yuan, growing by 22.22% - Net profit stood at 1.240 billion yuan, reflecting an impressive year-on-year growth of 86.22% [1]. Air Cargo Segment - The air cargo segment saw a revenue increase of 16.51%, with costs rising by 11.25% - Gross margin improved by 3.91 percentage points, attributed to fleet expansion, optimized route structure, and a decrease in aviation fuel prices [1]. Air Cargo Station Segment - Revenue from the air cargo station segment grew by 2.15%, while costs decreased by 0.05% - Gross margin increased by 2.10 percentage points, driven by the transition to a platform-based operational model and alignment of station layout with route networks [1]. Comprehensive Logistics Segment - The comprehensive logistics segment experienced a revenue surge of 53.78%, with costs increasing by 45.07% - Gross margin rose by 5.02 percentage points, due to the company's focus on innovation and expansion of cross-border e-commerce partnerships [1]. Operational Efficiency - Guohang's long-distance cargo aircraft achieved 45,600 flight hours, a year-on-year increase of 61.62% - The on-time performance rate was maintained at 89.00%, with cargo and mail transport volume reaching 902,100 tons, up by 24.79% year-on-year [2].

Core Insights - The company reported a total revenue of 10.935 billion yuan for the first half of the year, representing a year-on-year growth of 21.92% and a net profit of 1.24 billion yuan, with a significant increase of 86.15% [2] - The company operates as a comprehensive aviation logistics service provider, with its main business segments including air freight services, air cargo station services, and integrated logistics solutions [3] Financial Performance - For the first half of 2025, the company achieved a main business revenue of 10.893 billion yuan, up 22.22% year-on-year, and a gross profit of 1.765 billion yuan, which is an increase of 63.63% [3] - The overall gross margin improved to 16.20%, reflecting an increase of 4.10 percentage points compared to the previous year [3] Segment Analysis - The air freight segment saw a revenue increase of 16.51%, with costs rising by 11.25%, leading to a gross margin increase of 3.91 percentage points, attributed to fleet expansion and optimization of route structures, along with a decrease in aviation fuel prices [3] - The air cargo station segment experienced a revenue growth of 2.15% and a slight cost reduction of 0.05%, resulting in a gross margin increase of 2.10 percentage points, driven by the transformation towards a platform-based operational model [3] - The integrated logistics segment reported a revenue increase of 53.78% and a cost increase of 45.07%, with a gross margin improvement of 5.02 percentage points, due to the company's efforts in expanding its cross-border e-commerce client base [3]

Core Insights - The company reported a revenue of 10.935 billion yuan for the first half of 2025, representing a year-on-year growth of 21.92% [1] - The net profit attributable to shareholders reached 1.24 billion yuan, showing a significant year-on-year increase of 86.15% [1] Financial Performance - Revenue for the reporting period was 10.935 billion yuan, up from the previous year by 21.92% [1] - Net profit attributable to shareholders was 1.24 billion yuan, reflecting an increase of 86.15% compared to the same period last year [1]

中国国际货运航空股份有限公司 2025 年上半年募集资金存放与实际使用情况 专项报告 一、募集资金基本情况 行股份数量的15.00%)，每股面值为人民币1.00元，发行价 格为2.30元/股。新增募集资金总额人民币45,580.60万元， 扣除发行费用(不含增值税)计人民币409.60万元后募集资 金净额为人民币45,170.99万元。至此，公司本次初始公开 发行人民币普通股股票共计1,519,354,020股(超额配售选 择权行使后)。募集资金净额总计为人民币343,729.56万元。 上述募集资金已于2025年2月5日全部到账，并经德勤华永会 计师事务所(特殊普通合伙)验证并于2025年2月6日出具德 师报(验)字(25)第00019号验资报告。 二、募集资金存放和管理情况 为了规范募集资金的管理和使用，提高募集资金使用效 率，切实保护中小投资者权益，公司根据《深圳证券交易所 上市公司自律监管指引第1号——主板上市公司规范运作》 等有关法律法规的规定，并结合公司实际情况，制定了《中 国国际货运航空股份有限公司募集资金管理办法》(以下简 称"《募集资金管理办法》")。根据有关规定及《募集资 金管理办法》的要 ...

中国国际货运航空股份有限公司 财务报表及审阅报告 2025 年 1 月 1 日至 6 月 30 日止期间 2025 1 1 6 30 | 1 | | | | --- | --- | --- | | 2 | - | 3 | | 4 | - | 5 | | 6 | | | | 7 | | | | 8 | | | | 9 | | | | 10 | | | | 11 | | | | 12 | - | 78 | Deloitte. 审阅报告 德师报(阅)字(25)第 R00028 号 中国国际货运航空股份有限公司: 我们审阅了后附的中国国际货运航空股份有限公司(以下简称"国货航")的财务报表,包 括 2025年 6 月 30 目的合并及母公司资产负债表、2025年 1 月 1 目至 6 月 30 目止期间的合并 及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权益变动表以及相关财务 报表附注。这些财务报表的编制是国货航管理层的责任,我们的责任是在实施审阅工作的基 础上对这些财务报表出具审阅报告。 我们按照《中国注册会计师审阅准则第 2101 号 -- 财务报表审阅》的规定执行了审阅业 务。该准则要求我们计划和 ...

此汇总表于 2025 年 8 月 26 日由下列负责人签署： 陈松 法定代表人 李一川 主管会计工作负责人 齐正纲 会计机构负责人 中国国际货运航空股份有限公司 2025 年 1 月 1 日至 6 月 30 日止期间非经营性资金占用及其他关联资金往来情况汇总表 单位：人民币万元 | | | 往来方与 | 上市公司 | 2025 年 1 月 | 2025 | 年 至 1 | 6 | 2025 年 1 至 | 6 | 2025 年 1 至 | 6 2025 | 年 6 月 | | 往来性质(经 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 其他关联 | 资金往来方名称 | 上市公司的 | 核算的 | 1 日往来资 | | 月往来累计 | | 月往来资金的 | | 月偿还累计 | 30 | 日往来资 | 往来 | 营性往来、非 | | 资金往来 | | 关联关系 | 会计科目 | 金余额 | | 发生金额 | | 利息(如有) | | 发生金额 | | 金余额 | 形成原 ...

中国国际货运航空股份有限公司 关于中国航空集团财务有限责任公司 2025 年上半年风险持续评估报告 按照《深圳证券交易所上市公司自律监管指引第 7 号— —交易与关联交易》要求，中国国际货运航空股份有限公司 （以下简称"国货航"）开展了中国航空集团财务有限责任 公司（以下简称"财务公司"）2025 年上半年风险状况持续 评估工作。本次评估分别查验了财务公司的《金融许可证》 《营业执照》等证件资料，查阅了财务公司的财务报表，了 解了财务公司的风险管理、内部控制情况，认为财务公司风 险管控状况符合相关监管要求，风险管理基础稳健，相关风 险总体可控。现将有关 2025 年上半年风险评估情况报告如 下： 一、财务公司基本情况 （一）企业注册地、组织形式和地址 财务公司于 1994 年经中国人民银行批准成立，系接受 国家金融监督管理总局监管的非银行金融机构。截至 2025 年 6 月 30 日，中国国际航空股份有限公司及其控股股东中 国航空集团有限公司（以下简称"中航集团"）分别持有财 务公司 51%和 49%的股权，财务公司为中国国际航空股份有 限公司控股子公司，主要为中航集团及其下属公司提供金融 财务服务。 注册地 ...