Directly hit the shareholders' meeting ｜ Spring and Autumn Airlines: It is expected that Shanghai flight volume will be recovered quickly in July

"It's been a long time", on the afternoon of June 27, Spring and Autumn Airlines (SH601021, a stock price of 54.78 yuan, a market value of 50.2 billion yuan) 2021 Annual shareholders' meeting was held. Before the meeting, several directors greet each other and did not see each other for a few months. They got up and shook hands, slightly excited.

In order to successfully hold this meeting offline, Spring and Autumn Airlines specially adjusted the meeting place from the Airport area of ​​the mayor of Shanghai to the Chunqiu International Building in Changning District. In addition to the company staff, there were 6 other shareholders at the scene.

Data show that in 2021, my country's civil aviation industry lost 84.2 billion, of which airlines lost 67.1 billion yuan.

In 2021, Spring and Autumn Airlines paid a good answer sheet, with revenue of 10.858 billion yuan, and belonged to the net profit of shareholders of listed companies of 39.119 million yuan, becoming one of the few minority airlines in 2021.

Because of Shanghai, which has just won the "defense war", the on -site shareholders are particularly concerned about the recovery of Shanghai flights, when the Spring and Autumn Airlines can make good achievements, whether there is a capital acquisition plan, and the promotion of fixed increase plans.

Photo by reporter Shu Dongni every reporter Shu Dongni

Summer is coming, and the demand for Shanghai flights is expected to gradually become stronger.

On June 25, the "Great Shanghai Defense War" won victory. Shanghai's importance to Spring and Autumn Airlines was self -evident. It was both the company's headquarters, and Hongqiao Airport and Pudong Airport also occupied the largest capacity of Spring and Autumn Airlines as the main hub base.

According to the 2021 annual report, Spring and Autumn Airlines took off and landing racks with two routes or destinations in Shanghai in 2021 accounted for about 37.6%of the company's total take -off and landing racks, and the total proportion of passengers in Shanghai accounted for about 14.3%. Essence

According to Shanghai Airport (SH600009, the stock price of 52.07 yuan, and a market value of 100.3 billion yuan) published in May, the transportation production situation data was announced, and the aircraft took off and landing 5481, a year -on -year decrease of 85.11%, and passenger throughput was 57,300, a year -on -year decrease of 98.58%. Among them, domestic aircraft takeoff and landing only 245 times, a year -on -year decrease of 99.13%; domestic passenger throughput was 13,900, a year -on -year decrease of 99.64%.

Huang Xingcao, deputy general manager of Spring and Autumn Airlines, introduced that the current flights flying from Shanghai Hongqiao Airport at Shanghai Hongqiao Airport are 8-10 and Pudong Airport 4 ~ 5. Compared to the number before the epidemic, there is a small distance.

But if you look at it monthly, the situation has improved sharply in the near future. Spring and Autumn Airlines passenger traffic in April was 52.69%from the previous month, and the passenger volume in May had increased by 58.34%month -on -month. Huang Xing steadily estimates that by mid -July, the number of flights is expected to return to the level near the epidemic. "As the summer comes, the demand for flights in Shanghai gradually becomes strong, and it will recover very quickly in the future."

It is worth mentioning that on June 27, the A -share tourism sector rose as a whole, and the hotel catering, tax -free concepts, aviation airports, tourist attractions and other subdivided sections rose to varying degrees. Wind data shows that from June 14th to June 27th, Spring and Autumn Airlines increased by 19.79%.

"At present, the average daily flight volume of the company exceeds 300 classes, which has been greatly improved from the previous two months. The aviation industry and market recovery into a high probability event, and the aviation industry has low valuation in the past, so the secondary market has rebounded." Chen Ke, secretary and chief financial officer of aviation, said.

Is there a acquisition plan? "Also follow"

For Spring and Autumn Airlines, which has handed over the excellent answer sheet, the on -site shareholders still have higher expectations.

Some shareholders mentioned that airlines that began to appear in the market began to appear in debt, and did Spring and Autumn Airlines plan to collect mergers and acquisitions? Wang Yu, the chairman of the company, said that first of all, he strengthened himself and maintained its cash, and maintained the debt ratio at a reasonable level. While doing so well, he would not let go of the opportunity and "also follow."

At the same time, investors are concerned about the addition of Spring and Autumn Airlines. In June 2021, Spring and Autumn Airlines announced that it was planned to raise funds from non -public issuance of not more than 3.5 billion yuan to purchase 9 airway A320 series aircraft and supplement mobile funds. Essence

But so far, Dingzang has not yet made more progress. Chen Ke responded: "Affected by the Shanghai epidemic, the entire aviation industry and transportation volume have declined quickly in the past few months, so the stock price also responded. When the stock price returned to a reasonable range, it can be restarted. At present, it seems that the momentum is momentum. It's better. "In this regard, some shareholders asked what the scope of the reasonable range was, and Chen Ke said: For example, it was restored to a certain area before the Shanghai epidemic.

Due to losses become a common situation in the civil aviation industry under the epidemic, the "sub -industry" live broadcast of airlines for self -rescue returns to the public's vision again. Many airlines such as China Southern Airlines, HNA, and Sichuan Airlines have entered the venue, and Spring and Autumn Airlines has taken the lead in trial water to bring goods from 2020. So, how much revenue can live broadcast bring? Can you take the heavy responsibility of self -rescue?

Wang Zhijie, director and president of Spring and Autumn Airlines, admits that the number of flights under the epidemic is reduced, and the income end is difficult to increase. On the one hand, the measures for self -rescue are controlling costs. "Live and cargo is just a sales method. For airlines, the income of live broadcast does not contribute much ... Its positioning is more long -tail effects, and self -rescue from various angles from various ways." Wang Zhijie said.

Daily Economic News

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