香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 續、穩定、健康發展，有利於維護全體股東特別是中小投資者的利益。董事會將督促中 航集團及中航有限嚴格遵守上述承諾，並按照《公司法》、《證券法》以及中國證監會、上 海證券交易所相關法律法規、規範性文件的規定，及時履行相關信息披露義務。 承董事會命 中國國際航空股份有限公司 聯席公司秘書 肖烽 浩賢 00753 關於控股股東自願承諾不減持本公司股份的公告 二零二五年四月八日，中國國際航空股份有限公司（「本公司」）收到本公司控股股東中國 航空集團有限公司（「中航集團」）及其全資子公司中國航空（集團）有限公司（「中航有限」） 出具的關於承諾不減持本公司股份的通知（「通知」），通知主要內容如下： 中航集團及中航有限長期看好中國航空業，基於對本公司未來發展前景的信心及對本公 司內在投資價值的認可，除嚴格履行已就再融資作出的股份限售承諾外，承諾自通知發 出之日起18個月內，中航集團及中航有限將不以任何方式減持所持有的本 ...

证券代码：601111 股票简称：中国国航 公告编号：2025-020 中国国际航空股份有限公司 关于控股股东自愿承诺不减持公司股份的公告 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。 2025 年 4 月 8 日，中国国际航空股份有限公司（以下简称"公司"）收到 控股股东中国航空集团有限公司（以下简称"中航集团"）及其全资子公司中国 航空（集团）有限公司（以下简称"中航有限"）出具的关于承诺不减持公司股 份的通知，通知主要内容如下： 中航集团及中航有限长期看好中国航空业，基于对公司未来发展前景的信心 及对公司内在投资价值的认可，除严格履行已就再融资作出的股份限售承诺外， 承诺自通知发出之日起 18 个月内，中航集团及中航有限将不以任何方式减持所 持有的公司无限售条件流通股股份（包括因公司资本公积转增股本、派送股票红 利、配股、增发等事项取得的新增股份）。 截至本公告披露日，中航集团及中航有限合计持有公司 53.71%的股份，公 司董事会认为，中航集团及中航有限不减持公司股份有利于进一步促进公司持 续、稳定、健康发展，有利于 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00753） 海外市場公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條的規定而發表。 附件為中國國際航空股份有限公司於上海證券交易所刊發之 (1)中信證券股份有限公司關於中國國際航空股份有限公司 2024年度持續督導工作現場檢查報告 (2)中信證券股份有限公司關於中國國際航空股份有限公司2024年度持續督導報告書 承董事會命 中國國際航空股份有限公司 聯席公司秘書 肖烽 浩賢 中國北京，二零二五年四月三日 於本公告日期，本公司的董事為馬崇賢先生、王明遠先生、崔曉峰先生、Patrick Healy （賀以禮）先生、肖鵬先生、徐念沙先生*、禾雲先生*、譚允芝女士*及高春雷先生*。 * 本公司獨立非執行董事 中信证券股份有限公司 关于中国国际航空股份有限公司 2024 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指 ...

中信证券股份有限公司 关于中国国际航空股份有限公司 2024年度持续督导报告书 经上海证券交易所《关于中国国际航空股份有限公司向特定对象发行股票审 核意见的通知》审核通过，并经中国证券监督管理委员会《关于同意中国国际航 空股份有限公司向特定对象发行股票注册的批复》（证监许可〔2024〕1562 号） 同意，公司以人民币 7.02 元/股的发行价格向特定对象发行 A 股股票 854,700,854 股，每股面值人民币 1 元，中国航空集团有限公司以现金方式认购本公司本次发 行的全部 A 股股票。募集资金总额为人民币 5,999,999,995.08 元，扣除承销保荐 费计人民币 1,000,000.00 元（含增值税）后，公司实际收到募集资金人民币 5,998,999,995.08 元，扣除全部发行费用（含承销保荐费用）人民币 4,158,363.63 元（不含增值税）后，实际募集资金净额为人民币 5,995,841,631.45 元。上述募 1 集资金于 2024 年 11 月 20 日全部到账，并经德勤华永会计师事务所（特殊普通 合伙）审验并出具了德师报(验)字(24)第 00225 号验资报告。。 根据《 ...

关于中国国际航空股份有限公司 2024 年度持续督导工作现场检查报告 中信证券股份有限公司 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐 人"）作为正在对中国国际航空股份有限公司（以下简称"中国国航"、"公司" 或"上市公司"）进行持续督导工作的保荐人，对 2024 年度（以下简称"本持续 督导期间"）的规范运作情况进行了现场检查，现就现场检查的有关情况报告如 下： 一、本次现场检查的基本情况 （一）保荐人 中信证券股份有限公司 （二）保荐代表人 张阳、吴晓光 （三）现场检查人员 张阳 （四）现场检查时间 2025 年 3 月 28 日 本次现场检查的手段主要包括资料查阅、访谈、现场查看等，具体检查手段 详见"二、本次现场检查主要事项及意见"。 二、本次现场检查主要事项及意见 （一）公司治理和内部控制情况 现场检查人员查阅了上市公司最新章程、三会议事规则及会议材料，财务管 理、会计核算、内部审计、募集资金管理以及关联交易、对外担保、对外投资、 衍生品交易、对子公司的控制等相关制度，查阅了公司 2024 年度内部控 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國國際航空股份有限公司 呈交日期: 2025年4月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00753 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,955,610,672 | RMB | | 1 RMB | | 4,955,610,672 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 4,955,610,672 | RMB | | 1 RMB | | 4,955,610,672 | | 2. 股份分類 | 普通股 | ...

Core Insights - The article highlights the strong performance of Air China, which has achieved a 64% return since a buy rating was issued, outperforming a generally flat market [1] Group 1: Company Performance - Air China has been identified as a strong investment opportunity within the aerospace and airline sector, with a notable return of 64% [1] Group 2: Industry Context - The aerospace, defense, and airline industry is characterized by significant growth prospects, and the analysis provided aims to contextualize developments that may impact investment strategies [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Views - The company continues to narrow its losses and is awaiting a recovery in passenger transport [4] - In 2024, the company reported an operating revenue of 166.7 billion yuan, a year-on-year increase of 18.1%, and a net profit attributable to shareholders of -240 million yuan, significantly reducing losses [4] - The passenger transport business shows signs of recovery, with a 21.7% increase in capacity and a 32.8% increase in passenger turnover, totaling 155 million passengers, a year-on-year growth of 23.8% [5] - Cargo performance remains strong, with cargo revenue reaching 7.41 billion yuan, a year-on-year increase of 78.0% [5] - The company expects continued growth in passenger transport in 2025, with projected revenues of 173.5 billion yuan, 185.2 billion yuan, and 196.9 billion yuan for 2025-2027, representing year-on-year growth rates of 4.1%, 6.7%, and 6.3% respectively [7] Financial Summary - The company’s total assets are 345.8 billion yuan, with a debt-to-asset ratio of 88.2% [3] - The earnings per share (EPS) for 2025 is projected to be 0.22 yuan, with a price-to-earnings (P/E) ratio of 34.98 [9] - The company’s EBITDA for 2025 is estimated at 42.5 billion yuan, with a net profit attributable to shareholders of 3.61 billion yuan [9][12] - The company’s operating costs for 2024 were 158.2 billion yuan, with a gross profit margin of 5.1% [12]

Financial Performance - Air China reported a profit distribution plan for 2024, stating that there will be no profit distribution or capital reserve transfer to share capital[8]. - The company's operating revenue for 2024 reached CNY 166,698,880 thousand, an increase of 18.14% compared to CNY 141,100,234 thousand in 2023[26]. - The net profit attributable to shareholders for 2024 was CNY (237,305) thousand, showing a significant improvement of 77.32% from CNY (1,046,382) thousand in 2023[26]. - The net cash flow from operating activities for 2024 was CNY 34,545,707 thousand, a slight decrease of 2.46% from CNY 35,418,470 thousand in 2023[26]. - The total assets at the end of 2024 amounted to CNY 345,769,412 thousand, reflecting a 3.12% increase from CNY 335,302,681 thousand at the end of 2023[26]. - The basic earnings per share for 2024 was CNY (0.01), an improvement of 85.71% compared to CNY (0.07) in 2023[27]. - The company reported a total of CNY 2,302,391 thousand in non-recurring gains and losses for 2024, compared to CNY 2,130,521 thousand in 2023[33]. - The company’s net assets attributable to shareholders increased by 21.27% to CNY 45,147,411 thousand at the end of 2024 from CNY 37,229,962 thousand at the end of 2023[26]. - The weighted average return on equity for 2024 was (0.60)%, a decrease of 2.17 percentage points from 2.77% in 2023[27]. - The company achieved operating revenue of RMB 166.70 billion in 2024, an increase of 18.14% year-on-year[55]. - The main business revenue was RMB 164.58 billion, up 18.31% year-on-year, while other business revenue reached RMB 2.12 billion, increasing by 6.27%[56]. - Passenger transport revenue amounted to RMB 151.79 billion, a year-on-year increase of RMB 21.27 billion, driven by increased capacity and passenger load factor[59]. - Operating costs for 2024 were RMB 158.19 billion, an increase of 18.04% year-on-year, with major cost components including fuel and employee compensation[67]. - The financial expenses decreased by 9.20% to RMB 67.67 billion, primarily due to lower interest expenses[55]. Operational Efficiency - The company has a comprehensive fleet management strategy, focusing on operational efficiency and capacity utilization[15]. - The company has established a mechanism to maximize aircraft resource utilization, leading to improved aircraft daily utilization rates[38]. - The company achieved a daily planned flight schedule of 746 flights at Beijing Capital International Airport, with a total of 120 daily flights on its eight key express routes[52]. - The company has expanded its passenger routes to 847, including 657 domestic routes and 190 international routes, covering 45 countries and regions[53]. - The available seat kilometers increased by 21.74% to 356,103.62 million, with the passenger load factor rising by 6.63 percentage points to 79.85%[60]. - The average revenue per available seat kilometer decreased by 12.41% to RMB 0.5338, with international routes seeing a decline of 22.63%[90]. - The operating cost per available seat kilometer decreased by 3.03% to RMB 0.4442[91]. - The company is focusing on cost control and has adopted a strategy of "intensive, collaborative, and refined" management to improve efficiency[45]. - The company plans to enhance overall operational efficiency and reduce costs through deeper collaboration within the Air China system[164]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[36]. - The international capacity investment doubled year-on-year, reflecting the company's commitment to expanding international routes[38]. - The company aims to complete a total turnover of 161 billion ton-kilometers and transport 780 million passengers by 2025, according to industry forecasts[41]. - The company is focusing on digital innovation and green development as part of its long-term strategy[112]. - The company is actively pursuing new strategies for growth, including potential mergers and acquisitions to strengthen its market position[141]. - The company is focusing on enhancing its hub network strategy, focusing on building international aviation hubs in Beijing and Chengdu to differentiate from competitors[118]. Safety and Compliance - The company received the "Diamond Two-Star Award" for flight safety from the Civil Aviation Administration, highlighting its commitment to safety[43]. - The company is committed to improving safety and operational efficiency, with the appointment of a new Chief Safety Officer to oversee these initiatives[146]. - The internal control system was evaluated as effective as of December 31, 2024, with no significant deficiencies found in financial reporting controls[178]. - The company has strengthened its internal control and risk management systems, continuously improving the effectiveness of its internal controls[177]. - The company is committed to maintaining a stable safety production environment and reinforcing safety responsibilities[165]. Governance and Management - The company has a robust governance structure, ensuring the accuracy and completeness of its annual report[7]. - The company is committed to maintaining independence in assets, personnel, finance, and operations from its controlling shareholder[126]. - The board of directors is actively involved in strategic decision-making to drive the company's growth and market expansion[134]. - The company has seen changes in its board composition, with several new appointments in 2023, including Wang Mingyuan as president and vice chairman[135]. - The management team emphasizes innovation and technology development to improve service offerings and operational capabilities[143]. - The company is focusing on enhancing its management team with experienced professionals from the aviation sector[134]. - The company is enhancing its corporate governance structure, as evidenced by the diverse backgrounds of its board members, including expertise in finance, aviation, and management[149]. Environmental and Social Responsibility - The company invested approximately 54.2 million yuan in environmental protection initiatives during the reporting period[182]. - Ameco reduced carbon dioxide equivalent emissions by 1,022,175 tons through various carbon reduction measures, including the use of sustainable aviation fuel[190]. - The company plans to use 446.6 tons of sustainable aviation fuel in 2024, contributing to a reduction of 463,980 tons of carbon dioxide emissions[191]. - The company has invested a total of 50 million yuan in the "China Aviation Blue Sky Rescue" program to assist disadvantaged communities[198]. - The company has organized 3 special meetings to strategize on rural revitalization efforts and has sent 125 personnel to assist in these initiatives[197]. - The company actively promotes green travel initiatives, including the "Clean Enjoy Flying" project, to foster environmentally friendly consumption habits among passengers[189]. Training and Development - The company conducted training for 2,843 participants in the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, enhancing leadership capabilities[171]. - A total of 55.1 million hours of online training were conducted for various operational personnel, ensuring effective qualifications for flight operations[172]. - The company has trained a total of 10,070 individuals through various training programs aimed at enhancing local skills and capabilities[199]. Future Outlook - The company aims to enhance core competitiveness and achieve annual profit growth by focusing on the "one benefit and five rates" target[165]. - The company plans to strengthen risk identification and monitoring, with a focus on major operational risks[165]. - The management will adopt a collaborative and refined management approach to improve operational efficiency[165]. - The company is expected to continue its growth trajectory, leveraging the expertise of its board members to navigate the evolving aviation landscape[147].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條的規定而發表。 中國國際航空股份有限公司 (1)第六屆監事會第二十一次會議決議公告 (2)第七屆董事會第二次會議決議公告 (3)2024年度內部控制評價報告 (4)內部控制審計報告 (5)董事會審計和風險管理委員會（監督委員會）2024年度履職報告 (6)2024年度獨立董事述職報告 (7)2024年度控股股東、實際控制人及其他關聯方資金佔用情況的專項說明 (8)關於更換會計師事務所的公告 (9)2024年度營業收入扣除情況專項說明 (10)關於2024年度中國航空集團財務有限責任公司的風險持續評估報告 (11)涉及財務公司關聯交易的存貸款等金融業務的專項說明 （12）中信證券股份有限公司關於中國國際航空股份有限公司 2024年度涉及財務公司關聯交易的存款、貸款等金融業務的專項核查意見 (13)202 ...