海航控股预计2025年归母净利润为18亿元至22亿元

Core Viewpoint - Hainan Airlines Holding Co., Ltd. (referred to as "Hainan Airlines") is expected to achieve a net profit of 1.8 billion to 2.2 billion yuan in 2025, marking a significant turnaround from a loss of 921 million yuan in the previous year, driven by the opportunities presented by the Hainan Free Trade Port [1] Group 1: Financial Performance - The company anticipates a net profit increase of 2.721 billion to 3.121 billion yuan compared to the previous year's loss [1] - The expected net profit after deducting non-recurring items is projected to be between 900 million to 1.1 billion yuan, a substantial increase from a loss of 2.063 billion yuan in the prior year [1] Group 2: Operational Growth - In 2025, Hainan Airlines expects to achieve a total revenue passenger kilometers (RPK) of 134,484.37 million RPK, with international market RPK increasing by 41.32% to 26,739.74 million RPK [1] - The total passenger transport volume is projected to reach 70,578.66 thousand passengers, with international passenger transport volume growing by 38.35% to 4,088.78 thousand passengers [1] Group 3: International Business Expansion - International operations have become the core growth engine for Hainan Airlines, with December 2025 showing a 25.76% increase in international RPK to 2,413.25 million RPK [2] - The international passenger transport volume in December 2025 surged by 21.95%, exceeding 380 thousand passengers, significantly outpacing the industry average [2] Group 4: Cargo Business Development - The cargo business has also seen significant growth, with cargo and mail revenue ton-kilometers increasing by 14.22% in December 2025, and cargo and mail volume rising by 8.39% [2] - The international cargo and mail revenue ton-kilometers experienced a remarkable increase of 23.7%, benefiting from the heightened activity in cross-border trade due to the Free Trade Port [2] Group 5: Future Strategy - The year 2026 marks the beginning of the "14th Five-Year Plan" and is crucial for the full operation of the Hainan Free Trade Port, with Hainan Airlines aiming to optimize and expand its global route network [3] - The company plans to enhance service quality and strengthen collaboration across the industry chain, positioning itself as a "super carrier" to support regional economic development and openness [3]