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吉祥航空“以价换量”B面:营利增速断崖式下滑,国内业务萎缩
Zheng Quan Zhi Xing· 2025-05-30 08:57
Core Viewpoint - 吉祥航空's 2024 performance report indicates a significant slowdown in revenue growth, with a year-on-year increase of only 9.95%, contrasting sharply with previous years' growth rates [1][2]. Revenue Growth - In 2024, 吉祥航空 achieved revenue of 22.09 billion yuan, marking a 9.95% increase year-on-year, although this is a substantial decline from the previous year's growth of 144.8% [2]. - The net profit attributable to shareholders reached 914 million yuan, up 17.52% year-on-year, but again, this is a stark contrast to the previous year's growth of 118.76% [2]. - In Q1 2024, revenue growth further slowed to just 0.05% year-on-year, compared to 28.77% in the same period last year, while net profit fell by 7.87% [2]. Main Business Performance - The core aviation transportation business accounted for 98.87% of 吉祥航空's revenue in 2023, generating 21.84 billion yuan in 2024, with a growth rate of only 9.84%, down from 145.61% the previous year [3]. - The passenger transport segment, which is the core business, generated 21.21 billion yuan in revenue, reflecting an 8.34% increase, significantly lower than the previous year's 157% growth [3]. - The average revenue per passenger kilometer declined across various aircraft models, indicating a decrease in profitability [3]. Domestic and International Business - Domestic operations faced significant pressure, with revenue declining by 1% to 16.89 billion yuan in 2024, contrasting sharply with a 149.23% increase the previous year [5]. - International business emerged as a key growth driver, with passenger numbers increasing by 142.21% to 3.207 million and revenue soaring by 82.15% to 4.695 billion yuan, raising its share of total revenue from 12.82% to 21.25% [5][6]. - Despite the strong growth in international operations, the growth momentum has slowed compared to the previous year's 112.75% increase [6]. Service Quality Issues - 吉祥航空 has faced multiple service quality issues, which have negatively impacted its brand image and reputation [7]. - Notable incidents include flight delays and poor in-flight conditions, leading to public outcry and criticism on social media [7][8]. - The company has received numerous complaints regarding ticket refunds, flight delays, and unreasonable charges, with a significant number remaining unresolved [10].
吉祥航空: 上海吉祥航空股份有限公司章程(2025年5月)
Zheng Quan Zhi Xing· 2025-05-12 12:05
上海吉祥航空股份有限公司 公司章程 上海吉祥航空股份有限公司 章程 (2025 年 5 月) 上海吉祥航空股份有限公司 公司章程 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东 第二节 股东会的一般规定 第三节 股东会的召集 第四节 股东会的提案与通知 第五节 股东会的召开 第六节 股东会的表决和决议 第五章 董事会 第一节 董事 第二节 董事会 第三节 董事会专门委员会 第六章 总裁及其他高级管理人员 第七章 监事会 第一节 监事 第二节 监事会 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 上海吉祥航空股份有限公司 公司章程 第九章 通知与公告 第一节 通知 第二节 公告 第十章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附则 上海吉祥航空股份有限公司 公司章程 上海吉祥航空股份有限公司 章程 第一章 总则 第一条 为维护上海吉祥航空股份有限公司(以下简称"公司"或"本 公 ...