截至发稿，南方航空市值为1196亿元。 每经头条（nbdtoutiao）——拉1人入伙返1500元，投10万元成亿万富翁？这家公司大肆宣传将房产海外 代币化，有交了钱的人称是"牙签撬动地球" （记者 曾健辉） 每经AI快讯，南方航空（SH 600029，收盘价：6.6元）10月27日晚间发布公告称，公司第十届第十次董 事会会议于2025年10月27日在广州市白云区齐心路68号中国南方航空大厦33楼3301会议室以现场会议结 合视频会议的方式召开。会议审议了《关于公司2025年第三季度报告的议案》等文件。 2025年1至6月份，南方航空的营业收入构成为：客运占比84.68%，货运及邮运占比10.52%，其他业务 占比3.06%，其他占比1.74%。 ...

南方航空所属申万行业为：交通运输-航空机场-航空运输。所属概念板块包括：民用航空、低价、融资 融券、一带一路、MSCI中国等。 截至6月30日，南方航空股东户数14.00万，较上期减少7.17%；人均流通股0股，较上期增加0.00%。 2025年1月-6月，南方航空实现营业收入862.91亿元，同比增长1.77%；归母净利润-15.33亿元，同比减 少24.84%。 分红方面，南方航空A股上市后累计派现66.29亿元。近三年，累计派现0.00元。 南方航空今年以来股价跌5.86%，近5个交易日涨0.99%，近20日跌0.33%，近60日涨7.76%。 资料显示，中国南方航空股份有限公司位于广东省广州市白云区齐心路68号中国南方航空大厦，成立日 期1995年3月25日，上市日期2003年7月25日，公司主营业务涉及国内和经批准的国际、地区航空客、 货、邮、行李运输业务,通用航空业务等。主营业务收入构成为：客运及客运相关服务86.42%，货运及 邮运10.52%，其他(补充)3.06%。 机构持仓方面，截止2025年6月30日，南方航空十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股5.82亿股，相 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [2][7]. Core Views - The company achieved a revenue of 80.76 billion yuan in the first half of 2025, a year-on-year increase of 1.6%, with a net loss of 1.81 billion yuan, which is a reduction in loss by 0.98 billion yuan compared to the previous year [6]. - In Q2 2025, the company turned profitable with a net profit of 240 million yuan, compared to a net loss of 1.11 billion yuan in the same period last year [6]. - The international flight capacity is steadily recovering, while domestic flight capacity has slightly decreased, supporting an increase in passenger load factor [6]. - The company expects to benefit from the recovery of international flights, declining oil prices, and improved operational efficiency, leading to a stabilization of revenue levels and gradual recovery of profitability [7]. Financial Performance - In H1 2025, the company reported a passenger revenue of 73.2 billion yuan, a slight increase of 0.08% year-on-year, while cargo and mail revenue rose by 7.5% to 3.58 billion yuan [6]. - The unit cost per seat kilometer decreased by 2.2% year-on-year, with fuel costs per seat kilometer down by 13.3% [6]. - The company achieved a gross profit of 2.41 billion yuan in H1 2025, representing a year-on-year increase of 17.4% [6]. Operational Metrics - In H1 2025, the company's available seat kilometers (ASK) and revenue passenger kilometers (RPK) increased by 3.4% and 5.2% year-on-year, respectively, with a passenger load factor of 80.7%, up by 1.4 percentage points [6]. - The international ASK and RPK grew by 16.7% and 17% year-on-year, with a load factor of 76.5% [6]. Future Outlook - The company is positioned to benefit from its strategic hub at Beijing Capital Airport, which covers economically developed and densely populated areas, and is expected to continue to gain from business travel and international long-haul routes [7]. - The report projects a decline in net profit for 2025-2027, estimating 1.53 billion yuan, 3.47 billion yuan, and 3.89 billion yuan, respectively [7].

Group 1 - The core viewpoint of the article is that China Southern Airlines held its 9th meeting of the 10th board of directors on August 28, 2025, to review the company's semi-annual report and performance announcement for the first half of 2025 [1] - For the first half of 2025, the revenue composition of China Southern Airlines was as follows: passenger transport accounted for 84.68%, cargo and mail transport accounted for 10.52%, other businesses accounted for 3.06%, and other revenues accounted for 1.74% [1]