Securities abbreviation: China Southern Airlines Company Limited(600029) securities code: 600029 Announcement No.: pro 2022-007 China Southern Airlines Company Limited(600029)
Announcement of annual performance loss in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
The company’s net profit attributable to shareholders of listed companies is expected to be RMB – 11.3 billion to RMB – 12.8 billion.
1、 Performance forecast of the current period
(I) performance forecast period
From January 1, 2021 to December 31, 2021.
(II) performance forecast
1. According to the preliminary calculation of the financial department of China Southern Airlines Company Limited(600029) (hereinafter referred to as “the company” and “the company”), the company is expected to suffer losses in 2021, and the net profit attributable to the shareholders of the listed company is RMB – 11.3 billion to RMB – 12.8 billion.
2. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is RMB – 11.7 billion to RMB – 13.5 billion.
2、 Performance in the same period of last year
(I) net profit attributable to shareholders of listed companies: RMB -10.842 billion. Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses: RMB -11.658 billion.
(II) earnings per share: – 0.77 yuan.
3、 Main reasons for performance loss in advance in the current period
During the reporting period, the impact of covid-19 epidemic continued, the foreign epidemic has not been effectively controlled, and the epidemic is sporadic in many places in China. The company paid close attention to the normalized epidemic prevention and control, seized the market opportunities, took multiple measures to increase the revenue of passenger and freight transportation, leaned the cost of control, and spared no effort to reduce the losses caused by the epidemic. However, affected by the epidemic, passengers’ willingness to travel is still relatively low, and the recovery of passenger transport market is weak. In 2021, the company’s annual transport capacity investment (available seat kilometers) and revenue passenger kilometers decreased by 0.37% and 0.66% respectively year-on-year, 37.8% and 46.5% respectively compared with 2019. Among them, the international routes continued to be depressed due to the epidemic, and the transport capacity investment and revenue passenger kilometers decreased by 92.3% and 95.3% respectively compared with 2019. The company’s operating performance in 2021 was at a loss.
4、 Risk tips
The financial department of the company is making every effort to prepare the annual financial report of 2021. Because the epidemic has a great impact on the transportation capacity arrangement of the company, the relevant impact is still under further calculation. For this performance forecast, there are no other uncertain factors affecting its accuracy.
5、 Other explanatory matters
The above forecast data are only preliminary accounting data. The specific and accurate financial data are subject to the audited annual report of 2021 officially disclosed by the company. Please pay attention to the investment risks.
It is hereby announced.
China Southern Airlines Company Limited(600029) board of directors January 28, 2022