China National Aviation Corporation(601111.SH) publica resultados de 2025, con una pérdida neta atribuible a los accionistas de 1.77 mil millones de yuanes

中国国航(601111.SH)披露2025年年度报告，报告期公司实现营收1714.85亿元，同比增长2.87%;归母净利润亏损17.7亿元，同比扩大;扣非净利润亏损24.85亿元，同比收窄;基本每股收益-0.11元。

China National Airlines (601111.SH) disclosed its 2025 annual report, during which the company achieved revenue of 171.485 billion yuan, a year-on-year increase of 2.87%; net profit attributable to shareholders was a loss of 1.77 billion yuan, expanding year-on-year; net profit excluding non-recurring items was a loss of 2.485 billion yuan, narrowing year-on-year; basic earnings per share was -0.11 yuan.

坚持稳中求进，经营质量向优向好。集团深入开展提质增效，主业经营持续改善。坚定不移推进枢纽网络战略，努力提高有效投入规模，全年投入3,676亿座公里、同比增长3.24%。积极应对“内卷式”竞争，动态把握市场流向、科学平衡量价关系，主市场、主干线优势持续巩固。升级航空附加产品，不断拓展航空附加产品价值，实现销售收入同比提升超40%。不断深化客货联动，根据货运需求动态匹配运力，实现腹舱经营收入同比增长4.92%。全面升级成本管控体系，聚焦航油、起降、飞机等关键领域，全力提升成本管控精细化水平。

We adhere to a steady approach to progress, with operational quality improving. The group has deeply carried out quality and efficiency improvements, and the main business operations continue to improve. We are unwavering in promoting the hub network strategy, striving to increase effective input scale, with an annual investment of 367.6 billion seat kilometers, a year-on-year increase of 3.24%. We actively respond to “involution” competition, dynamically grasp market trends, and scientifically balance quantity and price relationships, continuously consolidating our advantages in the main markets and trunk lines. We upgrade aviation ancillary products, continuously expand the value of aviation ancillary products, achieving more than a 40% year-on-year increase in sales revenue. We continuously deepen the synergy between passenger and cargo, dynamically matching capacity based on cargo demand, achieving a year-on-year increase of 4.92% in bellyhold operating revenue. We comprehensively upgrade the cost control system, focusing on key areas such as aviation fuel, takeoff and landing, and aircraft, striving to enhance the level of cost control precision.

坚持以人为本，服务质效不断提升。集团围绕为旅客提供“放心、顺心、舒心、动心”四心服务目标，扩大优质航空服务供给，提升旅客的获得感和满意度。推动“以客户为中心”的服务模式全面转型，搭建覆盖全流程的旅客服务质量综合评价指标库，健全完善服务体系。打造“航空+”生态圈，大力推广通程登机业务、空铁联运产品，不断拓展航空服务价值。提高航班正常性，优化不正常航班后服务处置，提高全流程服务的顺畅性。2025年，“凤凰知音”常旅客会员规模突破1亿人，旅客满意度达88.1分。

We adhere to a people-centered approach, continuously improving service quality and efficiency. The group focuses on providing passengers with the “reassuring, smooth, comfortable, and moving” four-heart service goal, expanding the supply of high-quality aviation services, and enhancing passenger satisfaction and sense of gain. We promote a comprehensive transformation of the “customer-centric” service model, establishing a comprehensive evaluation index database for passenger service quality covering the entire process, and improving the service system. We create an “Aviation +” ecosystem, vigorously promoting through-train boarding services and air-rail intermodal products, continuously expanding the value of aviation services. We improve flight regularity, optimize post-service handling of irregular flights, and enhance the smoothness of the entire service process. By 2025, the “Phoenix Zhi Yin” frequent flyer membership scale will exceed 100 million people, and passenger satisfaction will reach 88.1 points.

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