Hainan Airlines Holding Co Ltd
SSE:600221
Income Statement
Earnings Waterfall
Hainan Airlines Holding Co Ltd
Revenue
|
50.9B
CNY
|
Cost of Revenue
|
-47.9B
CNY
|
Gross Profit
|
3B
CNY
|
Operating Expenses
|
-2.3B
CNY
|
Operating Income
|
691.1m
CNY
|
Other Expenses
|
786.1m
CNY
|
Net Income
|
1.5B
CNY
|
Income Statement
Hainan Airlines Holding Co Ltd
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
32 008
N/A
|
33 276
+4%
|
33 829
+2%
|
35 363
+5%
|
35 815
+1%
|
36 044
+1%
|
36 592
+2%
|
34 676
-5%
|
34 866
+1%
|
35 225
+1%
|
36 186
+3%
|
37 599
+4%
|
39 413
+5%
|
40 678
+3%
|
45 133
+11%
|
50 208
+11%
|
55 048
+10%
|
59 904
+9%
|
62 175
+4%
|
64 320
+3%
|
67 078
+4%
|
67 764
+1%
|
69 589
+3%
|
69 858
+0%
|
71 888
+3%
|
72 389
+1%
|
60 645
-16%
|
49 066
-19%
|
35 755
-27%
|
29 401
-18%
|
30 245
+3%
|
36 023
+19%
|
36 813
+2%
|
34 002
-8%
|
32 640
-4%
|
26 744
-18%
|
25 473
-5%
|
22 864
-10%
|
29 641
+30%
|
39 424
+33%
|
50 875
+29%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(25 250)
|
(26 662)
|
(26 902)
|
(28 251)
|
(28 473)
|
(27 748)
|
(27 430)
|
(25 555)
|
(25 617)
|
(25 824)
|
(26 510)
|
(27 607)
|
(29 341)
|
(31 383)
|
(36 436)
|
(42 053)
|
(46 644)
|
(51 793)
|
(54 524)
|
(56 780)
|
(60 138)
|
(62 816)
|
(64 740)
|
(65 280)
|
(67 428)
|
(67 018)
|
(62 270)
|
(56 075)
|
(48 711)
|
(41 494)
|
(39 360)
|
(41 847)
|
(41 649)
|
(42 789)
|
(42 610)
|
(38 744)
|
(37 932)
|
(34 623)
|
(38 587)
|
(42 965)
|
(47 921)
|
|
Gross Profit |
6 758
N/A
|
6 614
-2%
|
6 927
+5%
|
7 113
+3%
|
7 343
+3%
|
8 296
+13%
|
9 163
+10%
|
9 121
0%
|
9 250
+1%
|
9 401
+2%
|
9 677
+3%
|
9 993
+3%
|
10 072
+1%
|
9 295
-8%
|
8 697
-6%
|
8 155
-6%
|
8 404
+3%
|
8 111
-3%
|
7 650
-6%
|
7 539
-1%
|
6 939
-8%
|
4 948
-29%
|
4 850
-2%
|
4 579
-6%
|
4 461
-3%
|
5 372
+20%
|
(1 625)
N/A
|
(7 009)
-331%
|
(12 956)
-85%
|
(12 093)
+7%
|
(9 116)
+25%
|
(5 826)
+36%
|
(4 837)
+17%
|
(8 787)
-82%
|
(9 970)
-13%
|
(11 999)
-20%
|
(12 459)
-4%
|
(11 758)
+6%
|
(8 947)
+24%
|
(3 540)
+60%
|
2 954
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 871)
|
(2 999)
|
(2 846)
|
(2 878)
|
(2 840)
|
(3 100)
|
(2 946)
|
(2 868)
|
(2 861)
|
(2 975)
|
(2 721)
|
(2 697)
|
(2 662)
|
(2 907)
|
(2 863)
|
(2 870)
|
(2 973)
|
(3 699)
|
(2 804)
|
(3 091)
|
(2 988)
|
(2 713)
|
(4 123)
|
(3 593)
|
(3 446)
|
(2 195)
|
(1 925)
|
(2 164)
|
(2 171)
|
(32 076)
|
(35 662)
|
(35 556)
|
(35 557)
|
(2 625)
|
(2 254)
|
(2 725)
|
(2 458)
|
(2 427)
|
(2 363)
|
(2 036)
|
(2 263)
|
|
Selling, General & Administrative |
(2 785)
|
(2 786)
|
(2 791)
|
(2 824)
|
(2 786)
|
(2 866)
|
(2 953)
|
(2 874)
|
(2 868)
|
(2 781)
|
(2 721)
|
(2 698)
|
(2 661)
|
(2 708)
|
(2 971)
|
(3 274)
|
(3 603)
|
(3 926)
|
(3 981)
|
(4 117)
|
(4 201)
|
(3 932)
|
(3 876)
|
(3 653)
|
(3 599)
|
(4 431)
|
(4 224)
|
(3 846)
|
(3 595)
|
(32 838)
|
(32 679)
|
(32 857)
|
(32 809)
|
(2 978)
|
(3 013)
|
(3 286)
|
(3 063)
|
(2 736)
|
(2 801)
|
(2 228)
|
(2 506)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(34)
|
(2)
|
(110)
|
(162)
|
(119)
|
(194)
|
(120)
|
(99)
|
(91)
|
(69)
|
(39)
|
(37)
|
(59)
|
(63)
|
(67)
|
(43)
|
|
Depreciation & Amortization |
0
|
(70)
|
0
|
0
|
0
|
(85)
|
0
|
0
|
0
|
(86)
|
0
|
0
|
0
|
(101)
|
0
|
0
|
0
|
(117)
|
0
|
0
|
0
|
(128)
|
0
|
0
|
0
|
(144)
|
0
|
0
|
0
|
(119)
|
0
|
0
|
0
|
(126)
|
0
|
0
|
0
|
(238)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(86)
|
(143)
|
(55)
|
(54)
|
(54)
|
(149)
|
6
|
6
|
7
|
(109)
|
0
|
0
|
0
|
(98)
|
108
|
405
|
630
|
343
|
1 177
|
1 026
|
1 211
|
1 348
|
(247)
|
58
|
153
|
2 414
|
2 301
|
1 792
|
1 586
|
999
|
(2 790)
|
(2 580)
|
(2 649)
|
571
|
827
|
600
|
642
|
606
|
502
|
258
|
286
|
|
Operating Income |
3 887
N/A
|
3 615
-7%
|
4 082
+13%
|
4 234
+4%
|
4 502
+6%
|
5 196
+15%
|
6 217
+20%
|
6 254
+1%
|
6 389
+2%
|
6 427
+1%
|
6 955
+8%
|
7 295
+5%
|
7 410
+2%
|
6 388
-14%
|
5 833
-9%
|
5 284
-9%
|
5 430
+3%
|
4 412
-19%
|
4 846
+10%
|
4 447
-8%
|
3 950
-11%
|
2 235
-43%
|
724
-68%
|
984
+36%
|
1 013
+3%
|
3 176
+214%
|
(3 551)
N/A
|
(9 174)
-158%
|
(15 128)
-65%
|
(44 169)
-192%
|
(44 777)
-1%
|
(41 381)
+8%
|
(40 393)
+2%
|
(11 412)
+72%
|
(12 224)
-7%
|
(14 725)
-20%
|
(14 917)
-1%
|
(14 185)
+5%
|
(11 309)
+20%
|
(5 576)
+51%
|
691
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1 088)
|
(1 271)
|
(1 783)
|
(2 472)
|
(2 907)
|
(2 697)
|
(2 639)
|
(2 088)
|
(3 059)
|
(3 469)
|
(3 236)
|
(4 193)
|
(2 991)
|
(3 383)
|
(3 528)
|
(2 707)
|
(2 682)
|
(338)
|
83
|
(1 346)
|
(2 968)
|
(5 406)
|
(6 236)
|
(6 303)
|
(6 404)
|
(5 324)
|
(6 612)
|
(7 853)
|
(5 990)
|
(24 187)
|
(21 726)
|
(17 897)
|
(18 124)
|
(2 267)
|
14 915
|
8 231
|
3 130
|
(13 596)
|
(12 417)
|
(10 795)
|
(5 951)
|
|
Non-Reccuring Items |
0
|
(55)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
77
|
0
|
0
|
0
|
110
|
0
|
174
|
0
|
222
|
0
|
411
|
501
|
(1 941)
|
321
|
225
|
213
|
2 946
|
750
|
814
|
746
|
(3 195)
|
209
|
95
|
126
|
17 195
|
216
|
187
|
436
|
(605)
|
(639)
|
(170)
|
(410)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
53
|
0
|
56
|
55
|
0
|
0
|
0
|
65
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
663
|
472
|
458
|
779
|
686
|
714
|
706
|
590
|
719
|
826
|
873
|
934
|
806
|
948
|
1 042
|
716
|
734
|
514
|
363
|
319
|
207
|
117
|
71
|
102
|
121
|
241
|
260
|
219
|
264
|
249
|
216
|
3 180
|
3 303
|
534
|
568
|
(2 319)
|
(2 670)
|
559
|
532
|
519
|
669
|
|
Pre-Tax Income |
3 463
N/A
|
2 761
-20%
|
2 757
0%
|
2 541
-8%
|
2 281
-10%
|
3 213
+41%
|
4 283
+33%
|
4 755
+11%
|
4 051
-15%
|
3 914
-3%
|
4 592
+17%
|
4 093
-11%
|
5 280
+29%
|
4 062
-23%
|
3 348
-18%
|
3 469
+4%
|
3 548
+2%
|
4 810
+36%
|
5 292
+10%
|
3 831
-28%
|
1 691
-56%
|
(4 994)
N/A
|
(5 120)
-3%
|
(4 992)
+3%
|
(5 057)
-1%
|
1 039
N/A
|
(9 152)
N/A
|
(15 992)
-75%
|
(20 106)
-26%
|
(71 302)
-255%
|
(66 078)
+7%
|
(56 003)
+15%
|
(55 089)
+2%
|
4 049
N/A
|
3 475
-14%
|
(8 626)
N/A
|
(14 021)
-63%
|
(27 827)
-98%
|
(23 833)
+14%
|
(16 021)
+33%
|
(5 000)
+69%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(837)
|
(586)
|
(602)
|
(533)
|
(544)
|
(570)
|
(803)
|
(865)
|
(643)
|
(657)
|
(787)
|
(744)
|
(1 084)
|
(652)
|
(453)
|
(491)
|
(472)
|
(929)
|
(1 088)
|
(727)
|
(358)
|
1 346
|
1 340
|
1 327
|
1 346
|
(306)
|
2 018
|
3 592
|
0
|
2 559
|
1 017
|
(1 166)
|
(1 194)
|
(2)
|
(389)
|
(5)
|
36
|
6 417
|
6 417
|
6 434
|
6 422
|
|
Income from Continuing Operations |
2 625
|
2 175
|
2 154
|
2 008
|
1 737
|
2 643
|
3 481
|
3 890
|
3 407
|
3 257
|
3 804
|
3 348
|
4 196
|
3 410
|
2 893
|
2 976
|
3 075
|
3 882
|
4 205
|
3 105
|
1 333
|
(3 648)
|
(3 780)
|
(3 665)
|
(3 711)
|
733
|
(7 135)
|
(12 402)
|
(16 403)
|
(68 743)
|
(65 061)
|
(57 168)
|
(56 282)
|
4 047
|
3 086
|
(8 631)
|
(13 985)
|
(21 410)
|
(17 416)
|
(9 587)
|
1 421
|
|
Income to Minority Interest |
(40)
|
(17)
|
(19)
|
(13)
|
(48)
|
(51)
|
(143)
|
(179)
|
(214)
|
(255)
|
(281)
|
(275)
|
(280)
|
(272)
|
(361)
|
(364)
|
(582)
|
(559)
|
(379)
|
(381)
|
(40)
|
57
|
(11)
|
27
|
1
|
(214)
|
219
|
594
|
683
|
4 739
|
4 753
|
4 108
|
4 465
|
674
|
635
|
1 395
|
1 309
|
1 163
|
926
|
568
|
56
|
|
Net Income (Common) |
2 585
N/A
|
2 159
-16%
|
2 136
-1%
|
1 995
-7%
|
1 689
-15%
|
2 591
+53%
|
3 337
+29%
|
3 710
+11%
|
3 192
-14%
|
3 003
-6%
|
3 522
+17%
|
3 073
-13%
|
3 916
+27%
|
3 138
-20%
|
2 532
-19%
|
2 612
+3%
|
2 492
-5%
|
3 323
+33%
|
3 825
+15%
|
2 724
-29%
|
1 294
-52%
|
(3 591)
N/A
|
(3 789)
-6%
|
(3 637)
+4%
|
(3 709)
-2%
|
519
N/A
|
(6 917)
N/A
|
(11 809)
-71%
|
(15 721)
-33%
|
(64 003)
-307%
|
(60 309)
+6%
|
(53 061)
+12%
|
(51 819)
+2%
|
4 721
N/A
|
3 722
-21%
|
(7 235)
N/A
|
(12 676)
-75%
|
(20 247)
-60%
|
(16 490)
+19%
|
(9 019)
+45%
|
1 477
N/A
|
|
EPS (Diluted) |
0.22
N/A
|
0.18
-18%
|
0.17
-6%
|
0.16
-6%
|
0.14
-13%
|
0.21
+50%
|
0.29
+38%
|
0.32
+10%
|
0.27
-16%
|
0.25
-7%
|
0.29
+16%
|
0.25
-14%
|
0.31
+24%
|
0.21
-32%
|
0.15
-29%
|
0.15
N/A
|
0.15
N/A
|
0.2
+33%
|
0.23
+15%
|
0.16
-30%
|
0.07
-56%
|
-0.21
N/A
|
-0.23
-10%
|
-0.22
+4%
|
-0.22
N/A
|
0.03
N/A
|
-0.4
N/A
|
-0.69
-73%
|
-0.93
-35%
|
-3.83
-312%
|
-3.58
+7%
|
-3.15
+12%
|
-3.08
+2%
|
0.26
N/A
|
0.11
-58%
|
-0.21
N/A
|
-0.38
-81%
|
-0.59
-55%
|
-0.38
+36%
|
-0.2
+47%
|
0.04
N/A
|