Civil Aviation Data Insight 丨 August Civil Aviation Plate market value stopped falling back to Shanghai Airport restructuring and market value rose by more than 26%

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In August, under the blessing of the summer, the recovery process of the civil aviation industry accelerated, and it also boosted the confidence of the capital market.

Since 2021, "Daily Economic News" has continued to pay attention to the capital operation and market performance of civil aviation listed companies every month, and specially launched a series of "Civil Aviation Data Insight" reports.

Data show that in August, the total market value of 12 listed companies in the civil aviation sector stopped declined, an increase of 8.09%. Among them, Shanghai Airport was affected by the reorganization landing and the recovery of the sector, and the market value rose by 26.14%, ranking first.

At the same time, the semi -annual report of civil aviation enterprises has been released one after another. Due to the impact of the epidemic, oil prices, and exchange rates, the losses of the civil aviation industry have continued to expand year -on -year. However, since June 2022, the number of flights has gradually increased, and the civil aviation market is expected to accelerate recovery. In the long run, before the epidemic, my country's per capita number of planes was only 0.47 times, and the growth potential of the civil aviation market was still greater.

The summer transport helps the civil aviation sector to recover, and the market value of Shanghai Airport has increased by 26.14%

In August, the total market value of the civil aviation sector rose from 646.685 billion yuan to 699.06 billion yuan, an increase of 8.09%. Previously, due to the market's low expectations of the civil aviation sector's first half of the year, the market value of civil aviation enterprises in July generally declined. Nowadays, under the stimulus of the summer, the civil aviation operation has accelerated and recovered, and the civil aviation sector has ushered in valuation repair.

According to the data of flight housekeepers, the number of flights execution of the summer during 2022 was 608,000, and it was restored to 65%in the same period in 2019. Some domestic routes of summer flights far exceeded the epidemic. However, due to the influence of the epidemic in Hainan, Xinjiang and other places in the second half of the summer, the number of flights has declined.

From the perspective of the branch, Shanghai Airport (SH600009, stock price of 58.73 yuan, market value of 138.656 billion yuan), auspicious air (SH603885, a stock price of 15.70 yuan, a market value of 34.76 billion yuan), ST HNA (SH600221, stock price 1.55 yuan, market value of 51.526 billion yuan), market value) Huaxia Airlines (SZ002928, the stock price is 11.01 yuan, and the market value of 11.159 billion yuan) has increased more than the sector increase.

Among them, the increase in Shanghai Airport and Auspicious Airlines was 26.14%and 19.94%, respectively, ranking first and second. In addition to being driven by the entire civil aviation sector, these two companies have also announced its implementation in August, promoting the company's market value to a new level.

Specifically, Shanghai Airport issued 434 million shares to the controlling shareholders, about 22.52%of the total share capital of the previous total share capital; Jixiang Airlines has issued 248 million shares to the 19th issue of 19 issues, which is about 12.61%of the total share capital before the change. Essence

Spring and Autumn Airlines (SH601021, a stock price of 50.56 yuan, and a market value of 46.336 billion yuan) is the civil aviation listed company with the largest market value in August, reaching -4.69%. On the news, the progress of the Spring and Autumn Airlines fixed increase plans was not as expected. The company announced that the decision to the non -public offering shares shareholders' meeting was extended to June 2023.

In addition, compared with airport stocks, the market value of airport stocks has increased less. Except for Shanghai Airport, Beijing Capital Airport (HK00694, HK $ 4.84, a market value of HK $ 22.163 billion) increased by 6.01%, ranking 6th among 12 civil aviation listed companies; Baiyun Airport (SH600004, stock price 13.83 yuan, a market value of 32.732 billion Yuan) increased by 1.05%, ranking 8th. Shenzhen Airport (SZ000089, the stock price of 6.91 yuan, a market value of 14.171 billion yuan) and Xiamen Airport (SH600897, a stock price of 14.97 yuan, and a market value of 4.458 billion yuan) have negative growth, respectively -3.44%and -2.31%, respectively.

The airline company's fixed increase plan is frequent, and the civil aviation market is expected to accelerate recovery

In August, the semi -annual report of listed companies in the civil aviation sector was released one after another, and the impact of the civil aviation industry finally fell on specific data. Take the "Three Airlines" as an example, Air China (SH601111, a stock price of 10.40 yuan, a market value of 151.058 billion yuan), China China Eastern Airlines (SH600115, a stock price of 5.08 yuan, a market value of 95.882 billion yuan), Southern Airlines (SH600029, 6.64 yuan, market value 1149.877 100 million yuan) The net losses in the first half of the year were more than 10 billion yuan, with a total net loss of nearly 50 billion yuan, which has exceeded the total net loss of the "three major airlines" throughout the year last year. The International Airlines Association predicts that the global aviation transportation industry will still maintain a loss throughout the year in 2022.

However, in the long run, with the gradual fading of the epidemic, the civil aviation industry still maintains a more rigid market demand. In fact, in the month when the epidemic affects less, the demand for domestic travel has basically returned to the level before the epidemic. Taking the March to May 2021 as an example, domestic route passengers have more than the same period in 2019.

According to the "Fourteenth Five -Year Plan" Civil Aviation Development Plan, my country's civil aviation industry will enter the growth period and release period from 2023 to 2025. Recently, the head airline company has issued a fixed increase announcement and introduced new machines, focusing on the future market expansion.

In early July, the "Three Airlines" signed a large order of 292 A320neo series aircraft with Airbus, with a total amount of over 37 billion US dollars.In August, Air China announced that it would formulate a funds of not more than 15 billion yuan to introduce 22 aircraft and supplementary mobile funds.In addition, China Eastern Airlines has also been accepted by the CSRC. The fixed -increase plan raised 15 billion yuan to introduce 38 aircraft and supplementary mobile funds.On the other hand, there are many personnel changes in the civil aviation industry.According to the official website of China Aviation Group Co., Ltd., Ma Chongxian served as chairman and party secretary of China Aviation Group Co., Ltd., and no longer holds the position of general manager of China Aviation Group Co., Ltd.Earlier, Song Zhiyong, former chairman of China Aviation Group Co., Ltd., was transferred to the director of the Civil Aviation Administration of China in June this year.

In addition, in August, Liu Shaoyong resigned as the chairman and director of China Eastern Airlines for retirement.Li Yumin, the company's vice chairman, approved the position of chairman of the chairman and the duties of legal representatives.

Daily Economic News

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