证券代码：002928 证券简称：华夏航空 公告编号：2024-043 华夏航空股份有限公司 第三届监事会第十三次会议决议公告 本公司及监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。 本次会议由公司监事会主席邢宗熙先生主持，公司部分高级管理人员列席本 次会议。 3、本次会议的召开符合《中华人民共和国公司法》等有关法律、行政法规、 部门规章、规范性文件、深圳证券交易所业务规则以及《华夏航空股份有限公司 章程》的规定。 二、监事会会议审议情况 1、审议通过《关于 2024 年半年度报告全文及摘要的议案》。 表决结果：3 票同意，0 票反对，0 票弃权。 一、监事会会议召开情况 1、会议通知、召开情况 华夏航空股份有限公司（以下简称"公司"）第三届监事会第十三次会议通 知于 2024 年 08 月 16 日以电子邮件形式发出。 本次会议于 2024 年 08 月 28 日在重庆市渝北区江北国际机场航安路 30 号 华夏航空新办公楼 524 会议室以现场结合通讯表决方式召开。 2、会议出席情况 本次会议应出席监事 3 人，实际出席监事 3 人，其中 2 人现场出席（邢宗熙 先 ...

证券代码：002928 证券简称：华夏航空 公告编号：2024-042 华夏航空股份有限公司 第三届董事会第十四次会议决议公告 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、董事会会议召开情况 1、会议通知、召开情况 华夏航空股份有限公司（以下简称"公司"）第三届董事会第十四次会议通 知于 2024 年 08 月 16 日以电子邮件形式发出。 本次会议于 2024 年 08 月 28 日在重庆市渝北区江北国际机场航安路 30 号 华夏航空新办公楼 524 会议室以现场结合通讯表决方式召开。 2、审议通过《关于 2024 年半年度募集资金存放与使用情况的专项报告的议 案》。 表决结果：9 票同意，0 票反对，0 票弃权。 2、会议出席情况 本次会议应出席董事 9 人，实际出席董事 9 人。其中 2 人现场出席（胡晓军 先生、吴龙江先生），7 人以通讯表决方式出席（徐为女士、乔玉奇先生、范鸣 春先生、孙超先生、仇锐先生、彭泗清先生、刘文君先生）。 本次会议由公司董事长胡晓军先生主持，公司部分监事、高级管理人员列席 本次会议。 3、本次会议的召开符合《中华人民 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached CNY 3,211,090,737.01, representing a 44.96% increase compared to CNY 2,215,225,755.24 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was CNY 26,151,300.63, a significant turnaround from a loss of CNY 752,216,337.23 in the previous year, marking a 103.48% improvement[11]. - The net cash flow from operating activities increased by 57.15% to CNY 772,771,521.54, up from CNY 491,749,557.88 in the prior year[11]. - Basic earnings per share improved to CNY 0.0205, compared to a loss of CNY 0.5906 per share in the same period last year, reflecting a 103.47% increase[11]. - The weighted average return on net assets improved to 0.84%, a significant recovery from -20.46% in the previous year[11]. - The company reported a significant increase in commission income, reaching CNY 3,714,994,518.68, up from CNY 3,187,833,147.23, which is an increase of approximately 16.5%[121]. - The total operating profit for the first half of 2024 was CNY 50,980,128.77, a recovery from an operating loss of CNY 870,244,467.44 in the first half of 2023[122]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,047,571,513.30, a 4.78% increase from CNY 18,179,037,166.79 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company were CNY 3,113,661,612.12, showing a slight increase of 0.85% from CNY 3,087,510,311.49[11]. - Total liabilities rose to CNY 15,933,909,901.18 from CNY 15,091,526,855.30, an increase of approximately 5.58%[116]. - Short-term borrowings increased to CNY 2,449,147,210.58 from CNY 2,077,008,712.88, a rise of about 17.93%[116]. - Long-term borrowings increased to CNY 2,080,631,911.53 from CNY 1,783,106,017.87, reflecting a growth of approximately 16.67%[116]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 1,411,685,366.96, representing 7.41% of total assets, a decrease of 3.15% from the previous year[37]. Operational Highlights - The available seat kilometers (ASK) reached 7.298 billion, up 42.17% year-on-year, while the revenue passenger kilometers (RPK) increased by 51.87% to 5.682 billion[19]. - The passenger load factor improved by 4.97 percentage points to 77.86%[19]. - The company operates a fleet of 72 aircraft, with an average age of 6.10 years, ensuring high operational stability[21]. - The route network includes 181 routes, with 179 domestic and 2 international routes, an increase of 13 routes compared to the end of 2023[22]. - The company established 7 operational bases in key regions, enhancing its route network coverage significantly[29]. - The total number of passengers transported reached 4,220.24 thousand, an increase of 54.21% year-on-year[27]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[1]. - Future development strategies and operational plans are subject to market conditions, highlighting the uncertainty in achieving set goals[1]. - The company has a clear strategy to leverage its first-mover advantage in the regional aviation market, enhancing its operational capabilities and market share[31]. - The company aims to enhance asset turnover efficiency and focus on its core business through the sale of the education technology subsidiary, aligning with its long-term strategic planning[78]. Risk Management - The company has outlined potential risks and countermeasures in its management discussion, emphasizing the importance of risk awareness for investors[1]. - The company faces risks related to flight safety, macroeconomic fluctuations, and changes in aviation policies, which could impact operations and profitability[55][56][58]. - Fuel prices, a major cost component, are subject to significant volatility, which can adversely affect the company's financial performance[59]. - The company has implemented measures to manage risks associated with potential claims and asset losses due to safety incidents[55]. Shareholder Information - The company emphasizes the protection of shareholder rights and maintains a transparent communication platform with investors[66]. - The company reported a 66.94% investor participation rate in the first extraordinary general meeting of 2024[63]. - The total number of common shareholders at the end of the reporting period is 31,267[104]. - The largest shareholder, Huaxia Aviation Holdings (Shenzhen) Co., Ltd., holds 23.41% of the shares, equating to 299,210,434 shares[104]. Financial Reporting and Compliance - The financial report complies with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial results[145]. - The financial statements were approved by the board of directors on August 28, 2024, reflecting the company's financial status as of June 30, 2024[141]. - The company has not reported any significant litigation or arbitration matters during the reporting period[71]. - The company has fulfilled all commitments related to the non-public issuance of shares, with a lock-up period of 18 months ending on June 5, 2024[70]. Environmental and Social Responsibility - The company has engaged in various social responsibility initiatives, including educational support and environmental protection activities[68]. - The company has implemented measures to promote green flying and reduce plastic pollution by using biodegradable materials[68].

Investment Rating - The report assigns an "Accumulate" rating for Huaxia Airlines, marking the first coverage of the company [1][2]. Core Viewpoints - Huaxia Airlines is focused on regional aviation, with a highly concentrated shareholding structure and a commitment to its core business. The company plans to divest its subsidiary, Huaxia Education, to further concentrate on its main operations [1][19]. - The fleet structure is primarily composed of regional aircraft, with a growth rate consistently exceeding the industry average. As of March 2024, the fleet size reached 72 aircraft, including Bombardier CRJ900, Airbus A320, and COMAC ARJ21 models [1][22]. - The unique business model of "institutional capacity purchase + government subsidies" provides a performance floor for the company. The proportion of institutional capacity purchase revenue in total revenue has gradually decreased and stabilized, while government subsidies are expected to see significant growth due to new policies [1][9]. - The company has a high proportion of independent routes, which limits the impact of rail transport competition. The independent route share has consistently remained around 90%, providing strong pricing power [1][8]. - The new regional subsidy policy, effective from 2024, is expected to significantly increase the amount of subsidies received by the company [1][8]. Financial Summary - The projected net profits for Huaxia Airlines from 2024 to 2026 are estimated at 403 million, 716 million, and 1.191 billion yuan, respectively, with corresponding P/E ratios of 19x, 10x, and 6x [2][3]. - The total revenue for 2024 is forecasted to be 7.092 billion yuan, reflecting a year-on-year growth rate of 37.7% [3]. - The company is expected to achieve a gross profit margin of 7.7% in 2024, improving to 19.2% by 2026 [3]. Key Assumptions - The fleet size is expected to grow to 76, 82, and 88 aircraft from 2024 to 2026, with annual growth rates of 9%, 8%, and 7% respectively [2][8]. - The average aircraft utilization is projected to recover to pre-pandemic levels by the second half of 2025, with daily utilization rates of 7.3, 8.3, and 9.3 hours from 2024 to 2026 [2][8]. - The company anticipates an increase in passenger load factors to 76%, 77%, and 78% over the same period [2][8]. Market Position - Huaxia Airlines is recognized as a leader in the regional aviation market, with a strategic focus on developing a comprehensive network that connects regional routes effectively [1][19]. - The company has established a significant presence in the regional aviation sector, covering 38% of the national regional air points as of the end of 2023 [1][28].

证券代码：002928 证券简称：华夏航空 公告编号：2024-037 华夏航空股份有限公司 第三届董事会第十三次会议决议公告 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、董事会会议召开情况 1、会议通知、召开情况 华夏航空股份有限公司（以下简称"公司"）第三届董事会第十三次会议通 知于 2024 年 07 月 31 日以电子邮件形式发出。 本次会议于 2024 年 08 月 05 日在重庆市渝北区江北国际机场航安路 30 号 华夏航空新办公楼 524 会议室以现场结合通讯表决方式召开。 2、会议出席情况 本次会议应出席董事 9 人，实际出席董事 9 人。其中 2 人现场出席（胡晓军 先生、吴龙江先生），6 人以通讯表决方式出席（徐为女士、乔玉奇先生、范鸣 春先生、孙超先生、彭泗清先生、刘文君先生），独立董事仇锐先生因工作安排 原因不能亲自出席本次会议，委托独立董事刘文君先生代表其出席并表决。 本次会议由公司董事长胡晓军先生主持，公司部分监事、高级管理人员列席 本次会议。 3、本次会议的召开符合《中华人民共和国公司法》等有关法律、行政法规、 部门规章、 ...

证券代码：002928 证券简称：华夏航空 公告编号：2024-038 2、会议出席情况 本次会议应出席监事 3 人，实际出席监事 3 人，其中 2 人现场出席（邢宗熙 先生、柳成兴先生），1 人以通讯表决方式出席（罗彤先生）。 本次会议由公司监事会主席邢宗熙先生主持，公司部分高级管理人员列席本 次会议。 华夏航空股份有限公司 第三届监事会第十二次会议决议公告 本公司及监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、监事会会议召开情况 1、会议通知、召开情况 华夏航空股份有限公司（以下简称"公司"）第三届监事会第十二次会议通 知于 2024 年 07 月 31 日以电子邮件形式发出。 本次会议于 2024 年 08 月 05 日在重庆市渝北区江北国际机场航安路 30 号 华夏航空新办公楼 524 会议室以现场结合通讯表决方式召开。 3、本次会议的召开符合《中华人民共和国公司法》等有关法律、行政法规、 部门规章、规范性文件、深圳证券交易所业务规则以及《华夏航空股份有限公司 章程》的规定。 二、监事会会议审议情况 1、审议通过《关于使用部分闲置募集资金暂时补充流动资金 ...

证券代码：002928 证券简称：华夏航空 公告编号：2024-039 华夏航空股份有限公司 关于使用部分闲置募集资金暂时补充流动资金的公告 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。 华夏航空股份有限公司（以下简称"公司"）于 2024 年 08 月 05 日召开第 三届董事会第十三次会议、第三届监事会第十二次会议，审议通过了《关于使 用部分闲置募集资金暂时补充流动资金的议案》，同意公司在保证募集资金投 资项目（以下简称"募投项目"）的资金需求、不影响募投项目正常进行的前 提下，使用公司 2022 年度非公开发行 A 股股票的闲置募集资金不超过 134,000.00 万元暂时补充流动资金，使用期限自董事会审议通过之日起不超过 十二个月。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准华夏航空股份有限公司非公开发行 股票的批复》（证监许可【2022】1662 号）的核准，公司向特定对象非公开发 行人民币普通股不超过 304,070,293 股，每股面值为人民币 1.00 元，募集资金 总额不超过 243,500 万元。公司实际非公开发行 A 股股 ...

证券代码：002928 证券简称：华夏航空 公告编号：2024-036 华夏航空股份有限公司 关于归还用于暂时补充流动资金的 闲置募集资金的公告 截至本公告披露日，本次用于暂时补充流动资金的非公开发行 A 股股票的 闲置募集资金已全部归还完毕。 二、此前已经归还用于暂时补充流动资金的闲置募集资金情况 公司在使用闲置募集资金暂时补充流动资金期间，严格遵守相关法律、法 规和规范性文件的规定，对募集资金进行了合理的安排与使用，没有影响募投 项目的正常实施进度，没有改变或变相改变募集资金用途，没有使用募集资金 直接或者间接进行证券投资、衍生品交易等高风险投资。 根据上述决议，公司在规定期限内实际使用 1,482,000,000.00 元闲置募集 资金暂时补充流动资金。公司此前已于 2024 年 06 月 26 日归还上述用于暂时补 充流动资金的闲置募集资金 3,850.00 万元至募集资金专户，并已将上述募集资 金的归还情况及时通知公司保荐机构东兴证券股份有限公司以及保荐代表人。 具体内容详见公司于 2024 年 06 月 28 日披露在巨潮资讯网的《华夏航空股份有 限公司关于归还用于暂时补充流动资金的部分闲置募集资 ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------|---------------------------|-----------------------------|-------|-------|----------|-------|-------|-------|-------------------------------------|--------|-------|-------|--------| | 图表 1 | ： 2024 年 Q1 | 公司机队规模 72 架 | | | 图表 2 | | | | ：公司机队以支线飞机为主 \n支线飞机 | 窄体机 | | | | | 80 | 机队规模 | 同比增速 | 80% | | 100% | | | | | | | | | | 70 | | | 70% | | 90% | | 14% | 22% | | | | | | | | | | | | 80% | | | | 26% | 29% | 32% | 3 ...

证券代码：002928 证券简称：华夏航空 公告编号：2024-035 华夏航空股份有限公司 关于持股 5%以上股东减持股份的预披露公告 本公司持股 5%以上股东深圳市成德永盛投资发展合伙企业（有限合 伙）保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 1、减持原因：成德永盛自身资金安排 2、股份来源：自华夏航空控股股东华夏航空控股（深圳）有限公司处通过 协议转让持有。 3、减持数量：不超过 6,392,000 股（占本公司总股本比例 0.50%）。 4、减持方式：集中竞价交易、大宗交易等方式。 5、减持期间：在本公告披露之日起 15 个交易日后的 3 个月内。 6、价格区间：按市场价格。 特别提示：持有华夏航空股份有限公司（以下简称"公司"、"本公司"、 "华夏航空"）股份 6,392 万股（占本公司总股本比例 5.00%）的股东深圳市 成德永盛投资发展合伙企业（有限合伙）计划在本公告披露之日起 15 个交易日 后的 3 个月内以集中竞价交易、大宗交易等方式减持本公司股份不超过 6,392,000 股（ ...