Bei Jing Shang Bao·2025-08-28 13:27Group 1 - The core point of the announcement is that China National Airlines' subsidiary, Shenzhen Airlines, plans to raise a total of 16 billion yuan through equity financing, which will be implemented in two phases [1] - China National Airlines will subscribe to Shenzhen Airlines' financing amount according to its shareholding ratio, with a total investment not exceeding 8.16 billion yuan [1] - The first phase of financing includes raising 2 billion yuan from an investor and an additional 2.082 billion yuan from China National Airlines, maintaining a 51% shareholding ratio for China National Airlines after the investment [1] Group 2 - The financing will enhance Shenzhen Airlines' capital strength, improve its capital structure, and reduce debt burden, thereby laying a solid foundation for high-quality development [2] - This financing will help Shenzhen Airlines leverage policy advantages in the Guangdong-Hong Kong-Macao Greater Bay Area, consolidating its market share in domestic and international aviation [2] - The funds will also facilitate the renewal of the fleet and expansion of wide-body aircraft, enhancing competitiveness in the international market [2]