Hainan Airlines Holding (600221) Q2 2025 earnings summary

Executive summary

• Achieved revenue of RMB 33.08 billion in H1 2025, up 4.22% year-over-year, with net profit attributable to shareholders of RMB 56.95 million, reversing a loss from the prior year.

• Passenger volume reached 34.09 million, up 5.36% year-over-year; cargo and mail volume rose 23.29%.

• Maintained high operational safety and quality, with a flight punctuality rate of 92.74%, exceeding industry average.

• Launched major asset restructuring, increased investment in subsidiaries, and expanded financing channels.

Financial highlights

• Operating income: RMB 33.08 billion, up 4.22% year-over-year.

• Net profit attributable to shareholders: RMB 56.95 million, compared to a loss of RMB 636.04 million last year.

• Operating cash flow: RMB 5.63 billion, down 10.95% year-over-year.

• Total assets: RMB 142.44 billion; net assets attributable to shareholders: RMB 2.56 billion.

• Basic and diluted EPS: RMB 0.0013; ROE: 2.38%.

• Adjusted net profit (excluding non-recurring items): loss of RMB 52.19 million.

Outlook and guidance

• Expects continued stable growth in China's economy and aviation sector, but notes significant external uncertainties.

• Plans to further optimize route network, enhance digital transformation, and strengthen cost control.

• Ongoing asset restructuring and subsidiary investment expected to support long-term growth.