Zheng Quan Zhi Xing·2025-08-27 11:24Core Viewpoint - The independent financial advisor, China Galaxy Securities, conducted a thorough review of the impact of Hainan Airlines' major asset acquisition on the company's immediate return per share, concluding that the transaction will not dilute the earnings per share (EPS) and may enhance profitability in the future [1][4]. Group 1: Impact on Earnings - The transaction is expected to improve the net profit attributable to shareholders, with the projected basic EPS increasing from -0.0213 yuan/share to -0.0195 yuan/share post-transaction [1]. - The net profit before the transaction was -126,357.1 million yuan, which is expected to improve to -120,069.2 million yuan after the transaction [1]. Group 2: Measures to Enhance Returns - The company plans to integrate flight training operations into its business, enhancing the overall strategic development and operational efficiency [2]. - Measures include improving management efficiency, optimizing resource allocation, and exploring new growth opportunities to enhance profitability [2]. Group 3: Commitments from Management - The controlling shareholder and management have made commitments to ensure that measures to mitigate any potential dilution of immediate returns are effectively implemented [3][4]. - These commitments align with regulatory requirements aimed at protecting the rights of minority investors [4].