Hainan Airlines Holding Company Limited Posted 21.4 Billion Yuan Net Loss in 2022

Hainan Airlines Holding Company Limited (海南航空控股股份有限公司) (600221.SH) reported a net loss of 21.4 billion yuan in 2022, reversing a net profit of 4 billion yuan for the previous year.

Meanwhile, the company posted 22.9 billion yuan in revenue, down 32.8% year-on-year.

At the end of the reporting period, it had 138.1 billion yuan in total assets and 137.7 billion yuan in total liabilities, with a liability-to-asset ratio of 99.7%.