Hainan Airlines Holding Company Limited Posted 832.7 Million Yuan Net Profit in First Three Quarters of 2023

Hainan Airlines Holding Company Limited (海南航空控股股份有限公司) (600221.SH) reported a net profit of 832.7 million yuan in the first three quarters of 2023, reversing a net loss of 22 billion yuan for the same period in the previous year.

Meanwhile, the company posted 46.7 billion yuan in revenue, up 149.6% year-on-year.

At the end of the reporting period, it had 139.2 billion yuan in total assets and 136.2 billion yuan in total liabilities, with a liability-to-asset ratio of 97.8%.