In 2021, HNA Group went bankrupt and reorganized, and finally:
The aviation sector belongs to private enterprises
The airport sector is a state-owned asset in Hainan
Other sectors are reserved for creditors
With the rapid recovery of the civil aviation industry, all three companies have seen significant growth.
Surprisingly,
The three major platform companies under the original HNA Group have all made money.
HNA Holdings (600221) This is the core sector of the former HNA Group, which also started from Hainan Airlines and went global step by step from Hainan. In the process of bankruptcy reorganization, Liaoning Fangda gained control at a cost of more than 40 billion. Under the leadership of Fangda, it has now also turned losses into profits.
It is expected that the net profit attributable to shares in 2023 will be 300 million yuan to 4500 million yuan to turn losses into profits. In 2022, HNA will have a net loss of 202500 million yuan.
In other words, HNA Holdings reduced losses and increased profits by at least 20.5 billion yuan.
Hainan Airport (600515) Hainan Airport, formerly known as HNA Foundation, is the airport platform of HNA Group and a real estate development platform. Hainan Airport manages a number of airports and is one of the three major airport groups in China. After the reorganization of HNA Group, the airport sector was transferred to Hainan Province, and Hainan Airport Group was established, and the ultimate actual controller was the State-owned Assets Supervision and Administration Commission of Hainan Province, under the jurisdiction of Haikou Meilan Airport
Sanya Phoenix Airport
Anqing Tianzhushan Airport
Tangshan Sannuhe Airport
Weifang Nanyuan Airport
Yingkou Lanqi Airport
Manzhouli Western Suburbs Airport
Qionghai Boao Airport also has two airports for management output, namely: Songyuan Chaganhu Airport
Sansha Yongxing Airport expects a net profit attributable to shares of about 8-1.2 billion yuan in 2023.
In 2023, Hainan Airport's net profit will be 789.8 billion yuan.
The main reason for the decline in profits of Hainan Airport is the increase in net profit of 186.4 billion yuan.
If this factor is excluded, the actual increase in profit is 808-12.0.8 billion yuan.
Bohai Leasing (000415) has many companies on the creditor trust platform, but Yige believes that the most valuable company related to the civil aviation industry is Bohai Leasing
Originally, HNA planned to build it into a financial holding platform, so it used to be named: Bohai Financial Holdings. However, despite all the setbacks, Bohai Leasing is still the third largest leasing company in the world.
As of the end of the second quarter of 2023, Bohai Leasing had a fleet of 905 aircraft, including 608 owned and managed fleets and 297 aircraft on order.
It is expected that the net profit in 2023 will be 1.1 billion yuan to 1.6 billion yuan.
In 2022, Bohai Leasing had a net loss of 198.7 billion yuan.
Bohai Leasing reduced its losses by at least 3 billion yuan.
The three civil aviation industry companies have all made profits, which also shows that the civil aviation industry sector of HNA's layout is not bad, and of course there are also new shareholders and managers. To be honest, there is still a need for moderate diversification for large airline groups, after all, it is too difficult to make money from the air transport industry alone!