Ge Long Hui·2026-01-30 13:12Core Viewpoint - China National Airlines (00753.HK) is expected to report a net loss of approximately RMB 1.3 billion to RMB 1.9 billion for the fiscal year 2025, with a net loss attributable to shareholders, excluding non-recurring gains and losses, estimated between RMB 1.9 billion and RMB 2.7 billion [1] Group 1: Financial Projections - The company anticipates a net loss of about RMB 1.3 billion to RMB 1.9 billion for 2025 [1] - The projected net loss attributable to shareholders, excluding non-recurring items, is expected to be between RMB 1.9 billion and RMB 2.7 billion [1] Group 2: Industry Outlook - The overall Chinese economy is expected to remain stable and improve in 2025, with the civil aviation industry continuing its steady growth trend [1] - The company aims to seize market opportunities and actively respond to the new normal of industry development [1] Group 3: Operational Strategies - The company is focused on optimizing production organization and maximizing the utilization of available aircraft resources to ensure effective investment [1] - It plans to dynamically grasp market trends and scientifically balance pricing relationships to stabilize revenue quality [1] - The company is committed to enhancing cost control and reinforcing a "tight budget" mindset to reduce cost levels [1] Group 4: Financial Management - The company strictly adheres to accounting standards and will review the book value of deferred tax assets on the balance sheet, leading to a reversal of some deferred tax assets [1] - This review is part of the reason for the anticipated net loss for 2025 [1]