证券代码：001391 证券简称：国货航 公告编号：2025-032 中国国际货运航空股份有限公司 关于召开二〇二四年度股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 中国国际货运航空股份有限公司（以下简称"公司"）第 一届董事会第四十五次会议审议通过了《关于提议召开 2024 年度股东会的议案》。现就召开股东会的相关事项通知如下： 一、召开会议基本情况 1.股东会届次：2024 年度股东会 2.股东会召集人：公司董事会，公司第一届董事会第四 十五次会议审议通过了《关于提议召开 2024 年度股东会的 议案》。 3.会议召开的合法、合规性：本次股东会的召开符合有 关法律、法规和公司章程的规定。 4.会议召开的日期和时间： (1)现场会议召开时间：2025 年 5 月 23 日（星期五） 9:30。 (2)网络投票时间： 通过深圳证券交易所交易系统投票的时间为 2025 年 5 月 23 日上午 9:15—9:25，9:30—11:30 和下午 13:00—15:00； 1 通过深圳证券交易所互联网投票系统 （http://wltp.cninfo. ...

证券代码：001391 证券简称：国货航 公告编号：2025-028 中国国际货运航空股份有限公司（以下简称"国货航"、 "公司"）第一届监事会第十六次会议（以下简称"本次会议"） 于 2025 年 4 月 28 日在北京市顺义区天柱路 29 号院公司会 议室以现场方式召开，会议通知已于 2025 年 4 月 23 日以电 子邮件的方式发出。本次会议应出席监事 3 人，实际出席监 事 3 人（其中，刘涛监事因另有公务，委托马刚燕监事代为 出席会议并表决），会议由监事会主席沈洁女士主持。本次会 议的召开符合《中华人民共和国公司法》等法律法规及《中 国国际货运航空股份有限公司章程》（以下简称"《公司章 程》"）的规定。 二、监事会会议审议情况 本次会议审议并通过了如下议案： 1.审议通过《关于 2025 年第一季度报告的议案》 经审议，监事会认为：公司编制和审议 2025 年第一季度 报告的程序符合法律、法规及规范性文件的规定，报告内容 1 中国国际货运航空股份有限公司 第一届监事会第十六次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、监事会会 ...

证券代码：001391 证券简称：国货航 公告编号：2025-027 中国国际货运航空股份有限公司 第一届董事会第四十五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中国国际货运航空股份有限公司（以下简称"国货航"、 "公司"）第一届董事会第四十五次会议（以下简称"本次会 议"）于 2025 年 4 月 28 日在北京市顺义区天柱路 29 号院公 司会议室以现场结合通讯表决方式召开，会议通知已于 2025 年 4 月 22 日以电子邮件方式发出。本次会议应出席董事 15 人，实际出席董事 15 人（其中,熊伟董事、革非董事、杨武 独立董事以及张晓东独立董事以通讯表决方式出席会议；邓 健荣董事、林绍波董事因另有公务安排，委托陆涛董事代为 出席），会议由董事长阎非先生主持。公司部分监事及高级管 理人员列席本次会议。本次会议的召开符合《中华人民共和 国公司法》等法律法规及《中国国际货运航空股份有限公司 章程》（以下简称"《公司章程》"）的规定。 二、董事会会议审议情况 本次会议审议并通过了如下议案： 1.审议通过《关于 20 ...

Financial Performance - The company achieved operating revenue of CNY 5.18 billion in Q1 2025, representing a year-on-year increase of 29.11%[5] - Net profit attributable to shareholders reached CNY 578.82 million, a significant increase of 124.27% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 542.35 million, up 116.59% year-on-year[5] - The basic earnings per share increased to CNY 0.05, reflecting a growth of 97.93% compared to CNY 0.02 in the previous year[5] - Total operating revenue for the current period reached ¥5,182,028,061, a significant increase of 29.1% compared to ¥4,013,614,132 in the previous period[22] - Net profit for the current period was ¥578,761,911, representing a 124.5% increase from ¥258,024,216 in the previous period[23] - Basic earnings per share increased to ¥0.05 from ¥0.02, reflecting a 150% growth[23] Asset and Liability Management - The total assets at the end of the reporting period were CNY 28.57 billion, an increase of 3.44% from the end of the previous year[5] - The company reported a total asset of CNY 28,567,581,047 as of March 31, 2025, an increase from CNY 27,618,399,131 at the beginning of the period, reflecting a growth of approximately 3.44%[20] - The company's total liabilities decreased to CNY 2,928,987,953 from CNY 3,008,525,171, indicating a reduction of about 2.65%[21] - The company’s total equity rose to CNY 12,208,881,225, up from CNY 12,010,704,725, reflecting an increase of approximately 1.65%[21] - The total equity attributable to shareholders of the parent company rose to ¥25,632,736,980, an increase of 4.2% from ¥24,603,636,501[22] - The company’s total liabilities to total assets ratio improved, indicating a stronger financial leverage position[21] Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 525.72 million, a decrease of 12.59% compared to the previous year[5] - Operating cash flow net amount was ¥525,717,189, a decrease of 12.6% from ¥601,470,386 in the previous period[24] - The company reported a net cash outflow from investing activities of ¥1,248,602,258, compared to a net outflow of ¥202,101,153 in the previous period[25] - Cash and cash equivalents stood at CNY 5,671,818,238, down from CNY 5,997,965,786, representing a decline of approximately 5.43%[20] - The company’s cash and cash equivalents at the end of the period were ¥5,629,578,324, down from ¥5,872,358,847 at the end of the previous period[25] Segment Performance - The gross profit from the air cargo segment was CNY 607.97 million, with a gross margin of 16.92%, up 4.82 percentage points year-on-year[9] - The comprehensive logistics solutions segment saw a gross profit of CNY 215.70 million, with a gross margin of 17.43%, an increase of 8.38 percentage points year-on-year[11] - The company’s total operating costs were ¥4,536,382,793, which is a 21.1% increase from ¥3,746,607,159 in the previous period[22] Other Financial Metrics - The company received government subsidies amounting to CNY 47.72 million, primarily related to routes and cargo[12] - The company’s inventory increased to CNY 7,814,366 from CNY 4,558,156, showing a significant rise of approximately 71.67%[20] - Accounts receivable increased to CNY 3,059,662,202 from CNY 2,819,442,218, marking an increase of about 8.51%[20] - The company’s long-term investments slightly decreased to CNY 27,342,438 from CNY 27,620,408, a decline of about 1.01%[20] - The company reported a decrease in short-term borrowings, maintaining a stable financial position[21] - The company plans to exercise the overallotment option, issuing an additional 198,176,500 shares, increasing the total share capital[19] - The company recorded other comprehensive income after tax of -¥1,752,685, compared to ¥1,143,650 in the previous period[23]

Core Insights - Chengdu has officially launched its first all-cargo flight route to the Middle East, connecting Chengdu Shuangliu International Airport to Dubai, enhancing trade relations between the two regions [1] - The route is operated by China Cargo Airlines using a converted Airbus A330 freighter, contributing to the airport's capacity of over 2,400 tons of international air cargo per week [1] - Chengdu Shuangliu Airport aims to achieve a cargo throughput of 643,000 tons in 2024, a 22% year-on-year increase, positioning it as the fifth largest in China [1] Group 1 - The new cargo route marks a significant milestone in establishing a stable air bridge for trade between Chengdu and the Middle East [1] - Since 2018, China Cargo Airlines has opened several all-cargo routes from Chengdu to major cities including Chicago, Amsterdam, and Paris [1] - The airport's strategy focuses on high-quality development through a dual focus on passenger and cargo services, enhancing its hub capabilities [1] Group 2 - The Shuangliu District is actively optimizing its international cargo transport network and improving airport service functions [2] - In September 2024, a special goods warehouse will be operational to support the import needs of key materials for the electronic information industry [2] - The integrated operation model of Chengdu Shuangliu Airport has been recognized as one of three typical cases by the Civil Aviation Administration of China [2]

航空货运三巨头去年业绩表现继续亮眼。 近日，国货航（001391.SZ）、东航物流（601156.SH）陆续发布2024年年报。南方航空（600029.SH）年报中也披露了南航物流的业绩数据。据记 者计算，去年国货航、东航物流、南航物流营收总计超642亿元，归母净利润共计超过88亿元。 受益于国家政策支持，近年来我国航空物流行业处于快速发展的黄金窗口期。我国航空物流市场中，国货航、东航物流、南航物流是三大航空货 运央企巨头，也是主要的市场参与者，业务模式也最为接近。 据悉，国航、东航、南航三大航空央企的货运改革于2017年起相继落地后，便开启上市规划。东航物流（601156.SH）于2021年6月完成A股上 市。国货航于2024年12月30日成功登陆深交所，成为当时A股年内最大规模IPO，预计募资金额近35亿元，上市首日股价大涨超三倍。南航物流的 上市之路起始于2022年，但2025年2月下旬，南方航空发布公告称，基于目前市场环境变化，为统筹安排资本运作规划，经充分沟通及审慎论证 后，南航物流拟撤回上交所主板上市申请文件。 在股东回报方面，年报显示，国货航2024年拟向全体股东每10股派发现金股利0.65元（ ...

Group 1: Company Performance and Financials - In 2024, the company achieved a revenue of CNY 20.584 billion, representing a year-on-year growth of 37.97% [40] - The net profit attributable to shareholders was CNY 1.953 billion, a year-on-year increase of 69.34% [40] - The net profit after deducting non-recurring gains and losses was CNY 1.937 billion, reflecting a growth of 79.29% year-on-year [40] Group 2: Market Trends and Industry Outlook - The aviation logistics industry in China is expected to continue its growth trend, driven by strong demand for air cargo transportation [9] - The company anticipates that the international economic recovery and supportive government policies will further boost air cargo demand [9] - The industry faces challenges such as global trade policy uncertainties and intensified market competition [9] Group 3: Operational Strategies and Innovations - In 2024, the company introduced five new international direct routes to enhance cross-border e-commerce logistics [4] - The company has optimized its fleet structure, increasing cargo capacity by 12.35% year-on-year [12] - The implementation of digital and automated systems has improved operational efficiency and customer service [17] Group 4: Customer Relations and Service Enhancements - The company achieved a customer satisfaction score of 95.96, an increase of 0.37 points year-on-year [7] - New initiatives in customer relationship management have been introduced to enhance customer loyalty [4] - The company is focusing on providing stable capacity solutions to various customer segments [4] Group 5: Environmental and Sustainability Efforts - In 2024, the company saved approximately 4,320 tons of fuel, reducing CO2 emissions by 13,608 tons through energy-saving measures [8] - The company has increased the electrification rate of its cargo stations to 55% and has invested in 462 new energy vehicles [8] - The company is actively promoting the use of sustainable aviation fuel (SAF) and has implemented various energy-saving technologies [8] Group 6: Challenges and Risk Management - The company is closely monitoring changes in U.S. tariff policies and their potential impacts on operations [4] - Strategies to mitigate risks include optimizing capacity layout and enhancing collaboration across business segments [9] - The company is committed to improving its operational resilience to address potential market fluctuations [9]

Core Viewpoint - The company held its annual performance briefing for 2024, highlighting its operational achievements and future strategies, while addressing various investor inquiries regarding growth plans, market challenges, and financial performance. Group 1: Financial Performance - In 2024, the company achieved a revenue of 20.584 billion yuan, representing a year-on-year increase of 37.97% [26] - The net profit attributable to shareholders was 1.953 billion yuan, up 69.34% year-on-year, with a net profit excluding non-recurring gains and losses of 1.937 billion yuan, increasing by 79.29% [26] - The company plans to distribute a cash dividend of 794 million yuan, with a payout ratio of 40.63% [20] Group 2: Operational Strategies - The company is focusing on enhancing its logistics capabilities by expanding its fleet and optimizing route networks to address capacity shortages [2] - In 2024, the company increased its research and development investment to 24.5971 million yuan, focusing on projects like the upgrade of its portal website and AI-based cargo inspection systems [21] - The company is actively exploring new technologies in air cargo, including drone delivery and new cargo handling equipment [19] Group 3: Market Position and Growth - The company reported a 48.16% increase in revenue from its air cargo service segment, driven by strong international export demand and declining oil prices [21] - The company has expanded its international routes, including new direct cargo flights to cities like Riyadh and Budapest, enhancing its market presence [30] - The company holds a 9.19% market share in China's international air cargo market, an increase of 0.90 percentage points from the previous year [42] Group 4: Challenges and Responses - The company is closely monitoring the impact of U.S. tariff policies on its operations, acknowledging the uncertainty these policies bring [62][63] - The company is implementing measures to control costs, particularly in fuel and labor, to mitigate the impact of fluctuating oil prices and market competition [41] - The company recognizes the challenges posed by global trade policy uncertainties and is enhancing its operational resilience through capacity optimization and technological innovation [40] Group 5: Sustainability and Innovation - The company is committed to sustainable practices, having implemented measures that saved approximately 4,320 tons of fuel and reduced CO2 emissions by 13,608 tons in 2024 [50] - The company is actively participating in industry standards development, enhancing its influence within the sector [51] - The company aims to leverage digitalization and automation to improve operational efficiency and customer service [10][26]

国货航：目前美国关税政策的调整仍在进行中 会密切关注相应政策变化和市场反应 智通财经4月22日电，在国货航2024年度业绩说明会上，对于当前美国关税政策调整下国货航业务受到 的影响，中航集团副总经理、党组成员，国货航董事长阎非在线回复称，"从中短期来看，目前美国关 税政策的调整仍在进行中，全球也做出了不同反应，短期具有较强的不确定性，我们会密切关注相应政 策变化和市场反应，与合作伙伴积极应对。" ...