Hainan Airlines Holding(SH:600221) Zheng Quan Zhi Xing·2025-06-06 16:11Transaction Overview - Hainan Airlines Holding Co., Ltd. and Hainan Airport Development Industry Group Co., Ltd. plan to increase capital in Hainan Airlines Technology Co., Ltd. through cash contributions totaling RMB 2,550,241,268.97 [2][7] - Hainan Airlines will contribute RMB 1,735,936,480.58, with RMB 866,335,388.11 allocated to registered capital and RMB 869,601,092.47 to capital reserves [2][7] - Hainan Airport will contribute RMB 814,304,788.39, maintaining their respective ownership stakes of 68.0695% and 31.9305% in Hainan Airlines Technology post-increase [2][7] Purpose of the Transaction - The capital increase aims to enhance the financial strength of Hainan Airlines Technology, optimize its capital structure, reduce debt ratios, and improve financing capabilities to support business expansion and production capacity [2][8] Decision-Making Process - The investment has been approved by the 41st meeting of the 10th Board of Directors of Hainan Airlines, and it does not constitute a related party transaction or a major asset restructuring as per regulations [2][3] Financial Data of Hainan Airport - As of December 31, 2024, Hainan Airport reported total assets of RMB 5,401,075.55 million, total liabilities of RMB 4,199,282.57 million, and net assets of RMB 1,201,792.98 million [5][6] Financial Data of Hainan Airlines Technology - As of December 31, 2024, Hainan Airlines Technology reported total assets of RMB 787,244.83 million, total liabilities of RMB 783,337.08 million, and a net loss of RMB 13,217.60 million [6][8] Impact of the Investment - The capital increase is expected to provide sufficient operating funds for Hainan Airlines Technology, improve its financial condition, lower debt ratios, and enhance credit ratings, thereby attracting more support from financial institutions [8]