Financial Performance - Total operating revenue for Q1 2025 was CNY 5,317,122,280, an increase of 2.88% compared to CNY 5,168,038,809 in the same period last year[4]. - Net profit attributable to shareholders decreased by 16.39% to CNY 677,135,765 from CNY 809,908,774 year-on-year[4]. - Basic and diluted earnings per share were both CNY 0.69, down 16.87% from CNY 0.83 in the same period last year[4]. - Operating profit for Q1 2025 was CNY 892,616,708, slightly up from CNY 887,044,277 in Q1 2024[14]. - Other comprehensive income after tax for Q1 2025 was CNY -85,372,923, compared to CNY -17,917,773 in Q1 2024[15]. Cash Flow and Liquidity - Net cash flow from operating activities fell by 55.75% to CNY 453,659,406, primarily due to changes in ticket pre-sale timing and increased operational costs[4][6]. - Cash flow from operating activities for Q1 2025 was CNY 453,659,406, down 55.8% from CNY 1,025,295,337 in Q1 2024[16]. - Cash and cash equivalents at the end of Q1 2025 totaled CNY 7,398,190,408, compared to CNY 10,264,950,664 at the end of Q1 2024[17]. - The company reported a net cash outflow from investing activities of CNY 1,532,435,090 in Q1 2025, an improvement from CNY 2,085,817,389 in Q1 2024[17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 45,433,939,081, reflecting a 3.65% increase from CNY 43,835,011,780 at the end of the previous year[5]. - The company's cash and cash equivalents reached RMB 10,860,873,482, up from RMB 10,223,808,981, indicating an increase of about 6.26%[12]. - Total current liabilities were RMB 9,122,739,729, slightly up from RMB 9,048,743,906, representing an increase of approximately 0.81%[13]. - The company's total liabilities increased to RMB 27,646,311,461 from RMB 26,454,116,508, marking a rise of about 4.51%[13]. - The equity attributable to shareholders rose to RMB 17,787,627,620 from RMB 17,380,895,272, showing an increase of approximately 2.34%[13]. - The company's total non-current assets reached RMB 32,640,592,662, up from RMB 31,822,219,970, indicating an increase of about 2.58%[13]. Operational Efficiency and Strategy - The company plans to enhance operational efficiency and expand market presence in the upcoming quarters[4]. - The decline in net profit and cash flow is attributed to increased operational costs and timing differences in revenue recognition[6]. Shareholder Information - The company reported a total of 10 major shareholders, with Shanghai Spring and Autumn International Travel Agency holding 51.52% of shares[9]. Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose to RMB 165,381,447 from RMB 125,591,132, reflecting a growth of about 31.67%[12]. - The company's inventory increased to RMB 362,548,485 from RMB 355,059,684, indicating a growth of approximately 2.08%[12]. Borrowings - The long-term borrowings increased to RMB 15,025,021,205 from RMB 13,811,699,069, representing a rise of about 8.77%[13]. - The company’s retained earnings increased to RMB 8,857,555,645 from RMB 8,180,419,880, reflecting a growth of approximately 8.25%[13].

Financial Performance - The net profit of the parent company for 2024 is CNY 1,626,928,876, while the consolidated net profit attributable to shareholders is CNY 2,272,944,296[6]. - The proposed cash dividend per share is CNY 0.82 (including tax), with a total cash dividend amounting to CNY 797,631,161.78, representing 35.09% of the consolidated net profit attributable to shareholders[6]. - The total amount for cash dividends and share repurchases is CNY 864,491,149.95, accounting for 38.03% of the consolidated net profit attributable to shareholders[7]. - The company's operating revenue for 2024 reached CNY 19,999,927,181, representing an increase of 11.50% compared to CNY 17,937,857,423 in 2023[25]. - The net profit attributable to shareholders for 2024 was CNY 2,272,944,296, a slight increase of 0.69% from CNY 2,257,429,466 in 2023[25]. - The net cash flow from operating activities decreased by 11.94% to CNY 5,894,967,142 in 2024 from CNY 6,694,171,165 in 2023[25]. - The total assets as of the end of 2024 were CNY 43,835,011,780, a decrease of 0.91% from CNY 44,237,902,712 at the end of 2023[25]. - The net assets attributable to shareholders increased by 10.36% to CNY 17,380,895,272 at the end of 2024 compared to CNY 15,749,909,879 at the end of 2023[25]. - The basic earnings per share for 2024 was CNY 2.33, up by 0.87% from CNY 2.31 in 2023[26]. - The weighted average return on equity for 2024 was 13.72%, a decrease of 1.60 percentage points from 15.32% in 2023[26]. Operational Highlights - The company completed a private placement of 62,086,092 shares in 2022, raising approximately CNY 2,999,999,965.44[27]. - The total share capital increased to 978,548,805 shares as of December 31, 2022, and remained the same through 2024[27]. - The company has maintained a consistent financial performance despite fluctuations in cash flow and asset values[25]. - Total operating revenue for the year was 20,000,000,000 RMB, with a quarterly breakdown of 5,168,038,809 RMB in Q1, 4,707,064,198 RMB in Q2, 6,101,642,741 RMB in Q3, and 4,023,181,433 RMB in Q4[29]. - The company maintained a flight safety record with a major accident rate of 0 and spent 457,242 million yuan on safety production-related expenses in 2024[43]. - The fleet included 129 Airbus A320 series aircraft, with an average age of 7.5 years, and the company introduced 3 Airbus A321neo and 8 Airbus A320neo aircraft during the year[45]. - The company operated a total of 212 flight routes by the end of 2024, with domestic routes accounting for 159 and international routes for 51[46]. - The overall available seat kilometers increased by 16.1% year-on-year, with domestic and international routes growing by 7.7% and 81.3% respectively[46]. - The company opened new routes to Japan and South Korea in 2024, with a total of 8 and 3 flight points respectively, exceeding 2019 peak levels[50]. Market and Economic Outlook - The company expects global economic growth to be around 3.2% in 2024, with ongoing challenges from geopolitical risks and supply chain restructuring[37]. - The company reported a significant increase in international route passenger volume, which grew by 115.12% year-over-year[35]. - The company is navigating a competitive landscape with both state-owned and private airlines, as well as foreign competitors[128]. - The civil aviation industry is expected to achieve a dynamic balance between supply and demand, with significant growth in key metrics such as passenger and cargo transport volumes[130]. - The market-oriented pricing reform initiated in December 2020 is anticipated to enhance competition and expand domestic aviation market demand[136]. - The company plans to restore international and regional capacity to over 90% of 2019 levels, with international capacity accounting for over 20%[142]. Risk Management - The company has detailed potential risks in its report, which investors are advised to review[11]. - The company emphasizes the importance of balancing short-term operational needs with long-term development plans in its profit distribution proposal[8]. - The company faces risks related to seasonal fluctuations in air travel demand, with peak seasons typically occurring during Spring Festival and July-August[153]. - The company is exposed to competition from both domestic low-cost airlines and international carriers, which may impact pricing strategies[154]. - The company is at risk of pilot shortages due to the increasing demand for experienced pilots amid fleet expansion[156]. - The company will strengthen its risk management framework to address economic cycle risks affecting the aviation industry[152]. Corporate Governance - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal requirements[164]. - The independent directors actively participated in board meetings, providing professional opinions on significant matters, contributing to sound decision-making[164]. - The supervisory board is composed of 3 members, including 1 employee representative, with a majority having accounting and auditing expertise[166]. - The company has established a comprehensive internal control system that effectively mitigates operational risks and ensures compliance with relevant laws and regulations[166]. - The company has a performance evaluation system in place, with clear performance indicators for all positions, enhancing accountability and motivation[167]. Employee and Talent Development - The company has a total of 8,489 employees, with 6,654 in the parent company and 1,835 in major subsidiaries[195]. - The company completed 179,743 training hours with 229,156 participants in 2024, emphasizing the importance of talent development[198]. - The company plans to implement an employee stock ownership plan for 2024, aimed at enhancing employee engagement and aligning interests[170]. - The company will continue to develop its talent pool, emphasizing the training of management, technical, and skilled personnel[150][151]. Sustainability and Innovation - The company aims to enhance its sustainability initiatives, targeting a 50% reduction in carbon emissions by 2025[176]. - The company is focused on leveraging big data and artificial intelligence to enhance operational efficiency and decision-making[191]. - Research and development investments have increased by 30%, focusing on innovative technologies in the aviation sector[178]. Future Plans - The company plans to enhance its auxiliary business revenue as a core competitive advantage, focusing on e-commerce sales and customer experience[91]. - The company aims to optimize its low-cost airline business model while expanding its fleet and route network to enhance competitiveness in the international market[138]. - The company plans to change the financial report auditor and internal control auditor for the 2024 fiscal year[171].

公司代码：601021 公司简称：春秋航空 春秋航空股份有限公司 2024年度内部控制评价报告 春秋航空股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部控 ...

证券代码：601021 证券简称：春秋航空 公告编号：2025-019 春秋航空股份有限公司 特此公告。 春秋航空股份有限公司董事会 2025 年 4 月 30 日 附件：职工董事简历 陈可，男，1976 年出生，中国国籍，无境外永久居留权，硕士学位，毕业于 南京航空航天大学电子电气工程专业和英国 Brunel 大学金融与投资专业。曾先后 担任上海航空股份有限公司工程师，春秋航空有限公司规划部副经理、计划财务部 副经理、经理等职务。现任春秋航空首席财务官兼董事会秘书。 关于选举职工董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 春秋航空股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开了 2025 年第二次职工代表大会，选举陈可先生为公司职工董事。陈可先生作为公司职工董 事任期与公司第五届董事会任期一致。陈可先生简历详见附件。 ...

瑞银证券有限责任公司 关于春秋航空股份有限公司 2024 年度募集资金存放与实际使用情况之核查报告 瑞银证券有限责任公司（以下简称"瑞银证券"或"保荐机构"）作为春秋航 空股份有限公司（以下简称"春秋航空"或"公司"）非公开发行A股股票持续督 导工作的保荐机构，根据中国证券监督管理委员会《证券发行上市保荐业务管 理办法》及《上市公司监管指引第2号——上市公司募集资金管理和使用的监 管要求（2022年修订）》，上海证券交易所《上海证券交易所股票上市规则（2024 年4月修订）》及《上海证券交易所上市公司自律监管指引第1号——规范运作 （2023年12月修订）》等相关法规和规范性文件的要求，对春秋航空2024年度 募集资金存放与使用情况进行了专项核查，具体核查情况说明如下： 一、募集资金基本情况 （一）实际募集资金金额与资金到账情况 经中国证券监督管理委员会《关于核准春秋航空股份有限公司非公开发行股 票的批复》（证监许可[2022]300 号）的核准，春秋航空本次非公开发行 A 股股票 62,086,092 股，发行价格为每股人民币 48.32 元，募集资金总额为人民币 2,999,999,965 元。扣除各项交 ...

证券代码：601021 证券简称：春秋航空 公告编号：2025- 020 春秋航空股份有限公司 关于修订《公司章程》的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 春秋航空股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第 五届董事会第十次会议，审议通过了《关于修订<公司章程>的议案》。现将具 体情况公告如下： 一、《公司章程》修订情况： | 修订前 | 修订后 | | --- | --- | | 本： | （一）向不特定对象发行股份； | | （一）公开发行股份； | （二）向特定对象发行股份； | | （二）非公开发行股份； | （三）向现有股东派送红股； | | （三）向现有股东派送红股； | （四）以公积金转增股本； | | （四）以公积金转增股本； | （五）法律、行政法规及中国证监会规定 | | （五）法律、行政法规规定以及中国证监 | 的其他方式。 | | 会批准的其他方式。 | 公司增加注册资本，应当按照《公司法》 | | 公司增加注册资本，应当按照《公司法》 | 以及其他有关规定 ...

证券代码：601021 证券简称：春秋航空 公告编号：2025-016 春秋航空股份有限公司 2024 年度募集资金存放与实际使用情况的专项报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集资金管 理和使用的监管要求》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》以 及《上海证券交易所上市公司自律监管指南第 1 号——公告格式》的相关规定，现将春秋 航空股份有限公司（以下简称"春秋航空"或"公司"）2024 年度募集资金存放与使用 情况作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额与资金到账情况 经中国证券监督管理委员会《关于核准春秋航空股份有限公司非公开发行股票的批复》 （证监许可[2022]300 号）的核准，春秋航空本次非公开发行 A 股股票 62,086,092 股，发 行价格为每股人民币 48.32 元，募集资金总额为人民币 2,999,999,965 元。扣除各项交易费 用（不含税）后，募集资金净额为人民币 2, ...

Group 1 - Porsche China clarified that the statements regarding stopping electric vehicle sales and not considering Xiaomi as a competitor were misinterpretations, emphasizing their commitment to electric vehicle development and local solutions [1] - Nvidia denied reports about establishing a joint venture in China, stating that such claims are unfounded and irresponsible [1] - Walmart has reversed its stance on Chinese suppliers, now absorbing tariffs and requesting suppliers to resume shipments due to inventory pressures [1] Group 2 - Elon Musk announced that Grok 3.5, an AI capable of answering complex technical questions, will be released to SuperGrok subscribers next week [2] - Alibaba has open-sourced its new Qwen3 model, which integrates fast and deep reasoning capabilities, significantly reducing costs [3] - Major chip companies like Nvidia, Qualcomm, MediaTek, and AMD have quickly adapted to the new Qwen3 model following its open-source release [4] Group 3 - Tencent has restructured its research and development system for large models, creating new departments focused on language and multimodal models [5] - IBM plans to invest $150 billion over the next five years, with $30 billion allocated specifically for quantum computing advancements [7] - CEOs from Nvidia, Johnson & Johnson, and Eli Lilly are expected to visit the White House to discuss U.S. investment projects [8] Group 4 - Vivo's X200 Ultra saw a record-breaking pre-sale, achieving 148% of the previous model's sales on its first day [9] - TCL plans to transition LGD's Guangzhou factory to normal operations within three months after its acquisition [9] - NIO announced the completion of a battery swap network across all counties in Guangdong, enhancing its service coverage [14] Group 5 - Morgan Stanley appointed Du Feng as Vice Chairman for the Asia-Pacific region, indicating a strengthened focus on the Chinese market [17] - Wang Haihe has been elected as the new chairman of Guohai Securities, succeeding He Chunmei [18] - Huang Yanming has officially taken over as the head of the research institute at Dongfang Securities after a brief transition period [19] Group 6 - Luckin Coffee faced scrutiny for varying prices based on customer profiles, with customer service stating that different discounts lead to price discrepancies [20] - The IPO of "Hushang Auntie" in Hong Kong has seen an oversubscription of nearly 352 times, indicating strong investor interest [20] - Haidilao reported over 25,000 table reservations for the first day of the May Day holiday, reflecting a surge in consumer demand [21] Group 7 - United Imaging's DSA device has received FDA approval, marking a significant milestone as the first domestic DSA device to enter the U.S. market [22] - Yong'an Pharmaceutical refuted rumors regarding a dramatic increase in taurine prices, urging investors to rely on official announcements [23] Group 8 - Gree Real Estate has changed its name to Zhuhai Zhuhai Free Trade Group Co., Ltd., shifting its focus from real estate to duty-free business [24] - Sinopec reported a 69.9% year-on-year decline in investment income, attributing losses to derivative accounting and joint venture performance [25] Group 9 - The top five A-share gaming companies reported a total revenue exceeding 57 billion yuan for 2024, with Century Huatong leading at over 22 billion yuan [27] - Spring Airlines reported a net profit of 677 million yuan for Q1 2025, a decrease of 16.39% year-on-year [28] Group 10 - SF Express increased its registered capital from 200 million to 1 billion yuan, indicating growth and expansion plans [29]

Group 1 - The company plans to publicly issue bonds with a face value of 100 yuan, totaling no more than 2 billion yuan [1] - The bond term will not exceed 5 years, with specific types and term structures to be determined based on market conditions [1] - The raised funds will be used for supplementing working capital, repaying interest-bearing liabilities, purchasing fixed assets, or other compliant purposes [1]

《中国民航报》、中国民航网 记者胡夕姮 报道：在春秋航空的机坪上，29岁的飞机维修工程师申加明 手持工具，专注地检查着一架飞机的机翼。从基层学员到技术骨干，他用七年时间完成职业蜕变，凭借 精湛的技艺和团队协作精神，成为公司维修团队中公认的"技术明星"，为每一架航班的安全翱翔筑牢防 线。 2018年10月，入职不久的申加明以黑马之姿闯入春秋航空第十一届青工比武决赛。面对经验丰富的对 手，他凭借扎实的理论功底与稳定的实操表现，与团队默契配合摘下桂冠，"一战成名"。这次胜利不仅 展现了个人实力，更让他深刻领悟了"技术为骨、协作为魂"的行业真谛。 今年4月上旬的一天晚上，一架飞机在航后检查中查出缝翼存在异物隐患。众人先是配合成功拆下缝 翼，随后小心翼翼地用内窥镜探测出异物的准确方位。但此时，孔探人员已出发去执行其他任务，无法 立即返回。航班运行迫在眉睫，申加明当机立断，一边联系孔探，人员并向维修控制处MCC说明情 况，一边带领同组维修人员在不损伤缝翼的情况下自行尝试。经过不懈努力和精密操作，团队终于成功 取出异物，化解了跨专业协作的技术瓶颈，保障了航班的准时起降。类似案例不胜枚举——维修之路 上，从主导飞机关键部件更 ...