Hainan Airlines Holding (600221) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB 35.52 billion, up 7.36% year-over-year; net profit attributable to shareholders was RMB 270 million, a 374.43% increase year-over-year.

• Operating cash flow improved 10.73% year-over-year to RMB 6.23 billion.

• The company maintained a leading market position in key domestic and international hubs, operating over 1,400 routes and 367 aircraft.

• Safety performance remained strong with 584,800 flight hours and no major incidents.

Financial highlights

• Operating income: RMB 35.52 billion (+7.36% YoY); transportation income: RMB 32.62 billion (+7.30% YoY).

• Net profit attributable to shareholders: RMB 270 million (+374.43% YoY).

• Adjusted net profit (excluding non-recurring items): RMB 29.2 million (vs. -RMB 52.2 million YoY).

• Basic and diluted EPS: RMB 0.0063 (+384.62% YoY).

• Operating cash flow: RMB 6.23 billion (+10.73% YoY).

Outlook and guidance

• The company expects continued pressure from high oil prices and global uncertainties but anticipates improved profitability if geopolitical tensions ease and oil prices decline in 2027–2028.

• Focus remains on network optimization, cost control, and leveraging Hainan Free Trade Port policy benefits.