Hainan Airlines Holding (600221) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 17.60 billion, up 0.29% year-over-year; net profit attributable to shareholders fell 60.34% to RMB 272 million.

• Operating cash flow decreased 25.98% year-over-year to RMB 2.98 billion.

• Decline in net profit attributed to complex economic conditions, intensified market competition, and weak business travel demand.

Financial highlights

• Revenue: RMB 17.60 billion (Q1 2025), up 0.29% year-over-year.

• Net profit attributable to shareholders: RMB 272 million, down 60.34% year-over-year.

• Basic and diluted EPS: RMB 0.0063, down 60.38% year-over-year.

• Operating cash flow: RMB 2.98 billion, down 25.98% year-over-year.

• Total assets at quarter-end: RMB 139.79 billion, down 1.35% from year-end 2024.

Outlook and guidance

• Management notes ongoing economic complexity, fierce competition, and insufficient business travel demand as key challenges impacting profitability.