Hainan Airlines Holding Co (600221) investor relations material

Financial highlights

• Total assets at period end reached RMB 142.44 billion, up 0.52% from last year end.

• Net assets attributable to shareholders stood at RMB 2.56 billion, up from RMB 2.27 billion last year end.

• Operating revenue for the half-year was RMB 33.08 billion, a 4.22% increase year-over-year.

• Net profit attributable to shareholders was RMB 56.95 million, compared to a net loss of RMB 636.04 million in the same period last year.

• Net profit excluding non-recurring items was a loss of RMB 52.19 million, improved from a loss of RMB 870.07 million year-over-year.

• Net cash flow from operating activities was RMB 5.63 billion, down 10.95% year-over-year.

Key financial ratios and metrics

• Weighted average return on equity was 2.38%, up 35.28 percentage points year-over-year.

• Basic and diluted earnings per share were both RMB 0.0013, compared to -0.0147 in the prior year period.

• Asset-liability ratio at period end was 98.74%, slightly down from 98.91% at last year end.

• EBITDA interest coverage ratio was 3.50, up from 3.00 year-over-year.

Capital allocation and financing

• Outstanding USD bond balance at period end was RMB 291.14 million, with a 12% interest rate.