海航控股(600221.SH)：2025年中报净利润为5694.50万元，同比扭亏为盈

Core Insights - HNA Holding (600221.SH) reported a total operating revenue of 33.083 billion yuan for the first half of 2025, ranking 4th among disclosed peers, with a year-on-year increase of 1.341 billion yuan, marking a 4.22% growth compared to the same period last year [1] - The net profit attributable to shareholders reached 56.945 million yuan, an increase of 0.693 billion yuan year-on-year, achieving three consecutive years of growth [1] - The net cash inflow from operating activities was 5.627 billion yuan, also ranking 4th among disclosed peers [1] Financial Ratios - The latest debt-to-asset ratio stands at 98.74%, unchanged from the previous quarter, but down by 0.64 percentage points compared to the same period last year [3] - The latest gross profit margin is 6.73% [3] - The return on equity (ROE) is 2.22%, reflecting an increase of 46.92 percentage points year-on-year [3] Earnings Per Share - The diluted earnings per share is 0.00 yuan, an increase of 0.02 yuan compared to the same period last year, achieving three consecutive years of growth [4] Asset Management - The total asset turnover ratio is 0.23 times, ranking 4th among disclosed peers, while the inventory turnover ratio is 13.93 times [5] - The number of shareholders is 583,500, with the top ten shareholders holding a total of 22.795 billion shares, accounting for 52.75% of the total share capital [5] Shareholding Structure - The top shareholders include: - Hainan Hanwei Investment Co., Ltd. - 24.41% - Hainan Fangda Aviation Development Co., Ltd. - 9.72% - Daxinhua Aviation Co., Ltd. - 7.65% - Hainan Airlines Holding Co., Ltd. Bankruptcy Asset Disposal Special Account - 2.98% - Hainan Lucky National Travel Charter Co., Ltd. - 1.53% - China Construction Bank Hainan Branch - 1.47% - HNA Group Co., Ltd. - 1.37% - Bank of China Financial Asset Investment Co., Ltd. - 1.23% - Hainan HNA Business Services Co., Ltd. - 1.20% - Export-Import Bank of China Hainan Branch - 1.19% [5]