Zhi Tong Cai Jing·2025-10-31 01:40Core Viewpoint - China National Airlines (601111) (00753) experienced a significant decline of over 8%, with a drop of 8.67% to HKD 5.58, and a trading volume of HKD 69.83 million [1] Financial Performance - For the first three quarters, the company reported operating revenue of CNY 129.83 billion, reflecting a year-on-year increase of 1.31% [1] - The net profit for the same period was CNY 1.87 billion, showing a year-on-year growth of 37.31% [1] - In the third quarter, the operating revenue reached CNY 49.07 billion, marking a year-on-year increase of 0.9% [1] - The net profit for the third quarter was CNY 3.68 billion, which represents a year-on-year decline of 11.31% [1] Capital Raising Plan - The company plans to issue A-shares to its controlling shareholder, AVIC Group, and its wholly-owned subsidiary, AVIC Holdings, with a maximum of 3.044 billion shares to be issued [1] - The total amount of funds to be raised is not expected to exceed CNY 20 billion, with an issue price set at CNY 6.57 per share [1] - The funds raised are intended for debt repayment and to supplement working capital, with AVIC Group and AVIC Holdings planning to subscribe to all A-shares issued in cash [1]