Hainan Airlines Holding (600221) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months reached RMB 53.44 billion, up 3.30% year-over-year, with Q3 revenue at RMB 20.35 billion, a 1.84% increase compared to the same quarter last year.

• Net profit attributable to shareholders for the first nine months was RMB 2.84 billion, up 30.93% year-over-year; Q3 net profit was RMB 2.79 billion, down 0.75% year-over-year.

• Operating cash flow for the first nine months was RMB 11.34 billion, down 2.22% year-over-year.

Financial highlights

• Total assets at quarter-end were RMB 149.57 billion, up 5.55% from the end of last year.

• Net profit margin improved, with net profit attributable to shareholders up 30.93% year-over-year for the first nine months.

• Basic and diluted EPS for the first nine months were RMB 0.0658, up 30.82% year-over-year.

• Weighted average ROE for the first nine months was 74.25%.

Outlook and guidance

• Civil aviation market continued to improve in 2025, with the company adjusting capacity allocation and enhancing route network efficiency.

• Management expects continued stable growth in operations, supported by refined management and favorable market conditions.