晝夜無休 伴您飛翔 中 國 南 方 航 空 股 份 有 限 公 司 2017中期報告 2017 廣州之路 全球航空樞紐 www.csair.com 南航手機客戶端 南航微信服務號 中 期 報 告 H 股份代號: 1055 A 股份代號: 600029 ADR 代號: ZNH
關於我們 天合聯盟成員中國南方航空股份有限公司, 總部設在廣州, 以藍色垂直尾翼鑲紅色木棉花為公司標誌, 是中國運輸飛機最多 航線網絡最發達 年客運量最大的航空公司 截至報告期末, 南航經營客貨運輸機 717 架, 機隊規模居亞洲第一, 世界第四, 是全球第一家同時運營空客 A380 和波音 787 的航空公司
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004 2017 8 29 117
005 American Airlines, Inc. SPV 571 ASK ATK RPK RTK RFTK
006 China Southern Airlines Company Limited CSN +86-20-86112480 +86-20-86659040 ir@csair.com 278 12 3 301 278 95 9 B1 www.csair.com webmaster@csair.com
007 A A www.sse.com.cn H www.hkexnews.hk A A A 600029 A 166 36 H H H 01055 H 183 17M N N China Southern Air N ZNH N BNY Mellon Shareowner Services P.O.Box 30170 College Station, TX 77842-3170 U.S.A 18
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010 2017 1-6 2016 1-6 % 60,488 54,119 11.77 2,772 3,118 (11.10) 7,119 8,113 (12.25) 2017 6 30 2016 12 31 % 45,355 43,456 4.37 204,000 200,442 1.78 2017 1-6 2016 1-6 % 0.28 0.32 (12.50) 0.28 0.32 (12.50)
011 2017 1-6 2016 1-6 2017 6 30 2016 12 31 2,768 3,132 45,076 43,181 (b) 1 1 (28) (29) (a) 15 25 164 149 (c) (1) (1) 1 2 (c) / (28) 182 182 (4) 1 (40) (36) (7) (12) / 7 2,772 3,118 45,355 43,456
012 (a) (b) 2017 2017 6 12 16 (c) 2017 6 30 76,329 2016 12 31 78,318 2017 6 30 123,690 2016 12 31 105,141 101,50322,187 3423
013 (RPK) 6 30 2017 2016 % 77,156.99 68,572.31 12.52 1,398.56 1,673.04 (16.41) 32,144.71 28,161.37 14.14 110,700.27 98,406.72 12.49 (RTK) 7,632.67 6,878.27 10.97 134.35 156.59 (14.20) 5,389.58 4,551.88 18.40 13,156.60 11,586.74 13.55 (RTK) 6,807.82 6,059.74 12.35 122.91 146.83 (16.29) 2,824.57 2,478.44 13.97 9,755.29 8,685.02 12.32 (RTK) 824.86 818.53 0.77 11.44 9.76 17.25 2,565.02 2,073.43 23.71 3,401.31 2,901.72 17.22 52,059.47 46,532.39 11.88 1,122.18 1,243.40 (9.75) 7,406.42 6,890.99 7.48 60,588.06 54,666.78 10.83 511.00 505.38 1.11 10.26 8.86 15.84 289.22 237.93 21.56 810.48 752.16 7.75 (ASK) 93,410.37 85,775.37 8.90 1,878.69 2,259.77 (16.86) 39,195.19 34,864.82 12.42 134,484.25 122,899.96 9.43
014 (ATK) 6 30 2017 2016 % 10,744.67 9,972.32 7.74 219.91 267.22 (17.70) 7,626.69 6,687.08 14.05 18,591.27 16,926.62 9.83 (ATK) 8,406.93 7,719.78 8.90 169.08 203.38 (16.86) 3,527.57 3,137.83 12.42 12,103.58 11,061.00 9.43 (ATK) 2,337.74 2,252.53 3.78 50.83 63.84 (20.38) 4,099.12 3,549.25 15.49 6,487.69 5,865.62 10.61 (RPK/ASK)(%) 82.60 79.94 2.66 74.44 74.04 0.40 82.01 80.77 1.24 82.31 80.07 2.24 (RTK/ATK)(%) 71.04 68.97 2.07 61.09 58.60 2.49 70.67 68.07 2.60 70.77 68.45 2.32 % 0.53 0.53 / 0.79 0.72 9.72 0.37 0.40 (7.50) 0.48 0.49 (2.04) 1.17 1.17 / 4.03 4.00 0.75 1.24 1.03 20.39 1.23 1.08 13.89
015 6 30 2017 2016 % 5.46 5.40 1.11 8.61 7.91 8.85 2.78 2.94 (5.44) 4.39 4.47 (1.79) 3.11 2.87 8.36 783.32 725.13 8.02 952.19 883.31 7.80 18.08 21.05 (14.11) 272.85 245.12 11.31 1,243.11 1,149.48 8.15 425.05 401.76 5.80 8.99 9.98 (9.92) 55.15 51.74 6.59 489.19 463.48 5.55
016 2017 6 30 A380 0 2 3 0 0 5 A330-300 8 14 1 1 0 23 A330-200 2 7 7 0 0 16 A321 22 40 32 5 0 94 A320 40 41 54 2 0 135 A319 21 1 13 0 2 35 A320NEO 7 0 0 5 0 7 B787-8 2 14 0 0 0 16 B787-9 0 3 0 2 0 3 B777-300ER 0 9 1 0 0 10 B777-200 0 0 2 0 2 2 B757-200 0 0 10 0 0 10 B737-800 130 57 94 13 1 281 B737-700 4 3 32 0 6 39 B737-300 0 0 1 0 2 1 EMB190 20 0 6 0 0 26 256 191 256 28 13 703 B747-400F 0 0 2 0 0 2 B777-200F 0 5 7 0 0 12 0 5 9 0 0 14 256 196 265 28 13 717
017 2017 6 30 459 172 14 10 18 17 27 2017 6 30 A380 5.1 506 A330-300 4.7 275/284 A330-200 8.1 218/258 A321 6.6 179/195 A320 7.9 152/166 A320NEO 0.3 166 A319 10.8 122 B787-8 3.1 228 B787-9 0.4 287 B777-300ER 2.1 309 B777-200 21.0 360 B757-200 16.0 197 B737-800 5.7 164/178 B737-700 9.7 120/128 B737-300 18.3 126 EMB190 5.0 98 B747-400F 14.9 / B777-200F 4.8 / 6.7 /
018 4,582 212 2017 513.42.63 329.2 12.5% 13.4% 5.1% 28.2% 2.3 60,488 4,582 124.3 5,385212 276
019 30.5% 0.3 25.6% 50.4% 66%
020 64.9% 93.73% 3,244 17.5% 26% 64.9% 30.8%93.73% 34.30% 62.78%
021 74.2% 119.6% e 204 1,61874.2% 31.01119.6%
022 2017 2017 12.4% 1.4 14.8% e
023 SMS QAR 2017 2017
024 IT T2 ee
025 2,000 APP 900 212 276
026 A380 A380 B787 15 6 25 68 147 SKYTRAX (Brand Finance) 20176
027 APPB2B IT e 20066% 1,61874.2% 2017 6 30 2017 6 30 34
028 57,819 6,03511.65% 13.55% 131.57 82.31% 2.246,059 10.83% 57,854 18.95% 1,332 11.00% 561 1,516 2017 6 30 3,211 3,691 53,626 10.20% 92.75% 1,107 12.49% 0.48 2.04% 40,715 12.49% 75.93% 8.90% 12.52% 2.66 82.60% 0.53 1,111 7.50% 2.07% 16.86% 16.41% 0.40 74.44% 0.79 9.72%
029 11,800 4.70% 22.00% 12.42% 14.14% 1.24 82.01% 0.37 7.50% 4,193 34.30% 7.25% 7.75% 81.051.23 13.89% 經營收入分析 6.93% 4.41% 88.66% 客運 貨運及郵運 其他經營收入 2017 年 1-6 月
030 營運開支分析 11.18% 2.45% 5.40% 18.35% 2017 年 1-6 月 1.07% 52.43% 航班營運開支維修開支飛機及運輸服務開支宣傳及銷售開支行政及管理開支折舊及攤銷開支其他 9.12% 35,000 30,000 25,000 23,247 30,326 20,000 15,000 10,000 5,000 5,017 5,278 9,335 10,617 2,888 3,125 1,178 1,419 6,298 6,468 2017 年 1-6 月 2016 年 1-6 月 航班營運開支 維修開支 飛機及運輸 服務開支 宣傳及銷售開支行政及管理開支折舊及攤銷開支 1 2 3 4 5 6 30,326 30.45% 5,278 5.20% 10,617 13.73% 3,125 8.21% 1,419 20.46% 6,468 2.70%
031 現金流分析 ( 人民幣百萬元 ) 10,000 8,000 8,113 7,119 6,000 5,308 4,000 2,000 1,233 2,928 4,069 2017 年 1-6 月 2016 年 1-6 月 經營活動的現金流入淨額 投資活動的現金流出淨額 籌資活動的現金流出淨額 7,119 12.25% 2,928 137.47% 4,069 23.34% 2017 6 3046,99929,970 2017 6 3046,399 2016 12 31 45,504895 53% 22,473 6,794 7,397 8,061 1,674 20182019202020212022 6 3012 2017 6 304,391 28%2016 12 31 4,287104 2017 6 30 45,355 2016 12 31 43,456 1,899 2017 6 3057,5562016 12 31 54,976 2017 6 3071.79% 2016 12 3172.57%
032 2017 5 18 Servair S.A 7,620.6351,372.73 70.5% 2017 4 26 20 A350-900 20 A350-900 (%) 000099 9 0.48 33 / (1) 601328 16 0.013 58 / 4 00696 33 2.25 411 15 / 58 / 502 15 3
033 (%) (%) (RTK) (%) (RPK) (%) 14,963.54 24.7 124,664.4 15.4 2,336.29 17.8 23,543.40 21.3 1,513.57 2.5 9,157.6 1.1 175.83 1.3 1,857.90 1.7 939.26 1.6 7,360.7 0.9 141.23 1.1 1,474.78 1.3 1,635.17 2.7 12,680.4 1.6 244.56 1.9 2,551.20 2.3 1,498.32 2.5 9,473.0 1.2 186.30 1.4 1,971.53 1.8 2,424.95 4.0 21,427.7 2.6 333.08 2.5 3,424.82 3.1 (1) 1984 8 8055% 34% 11% 2017 6 30 172 23.4 25.3%1,496.4 17.7%12.5 12.4% 79.6% 4.4 67.2% 3.6 12,31320.59%11,994 26.23% 7814.27% 2017 6 30 42,954 17,423
034 (2) 1993 7 2.860% 40% 2017 6 30141.8 6.1%151.47.9%0.9 9.1% 80.6% 2.0 70.6% 0.6 (3) 1995 5 2.560% 40% 2017 6 30101.4 11.56%93.913.7%0.7 8.0% 82.3% 3.7 74.9% 3.5 (4) 1998 6 6.560% 40% 2017 6 30182.4 11.7%163.510.6%1.3 5.4% 81.7% 2.7 73.4% 1.7
035 (5) 2007 5 1260% 40% 2017 6 30171.9 9.1%149.88.0%0.9 2.6% 83.7% 0.4 73.2% 1.3 (6) 2013 9 6060% 40% 2017 6 30273.3 5.7%242.54.7%2.1 5.5% 83.8% 3.2 75.3% 2.3 3 (%) 65,000,000 50 / 58,444,760 51 / 1,072,927,000 25.3 8.7 1,000,000,000 39 / 200,000,000 40 / 304,415,600 42.8 /
036
037 2009 281513 133 1021 71715 5,927
17:00
040 1 2017 6 302016 9 1 2 3 4 5 6 7 8 9 2016 2016 2016 2016 2017 7 12018 6 30 4512 2017 2017 7 1 2016 20162017 6 302016 9,817,567,0000.1 AH 2017
041 1 2 3 4 5 2008 11 11 2008 11 12 H 2009 9 28 MTU AERO ENGINES GMBH MTU 2009 9 29 2014 12 29 2014 12 30 H 2014 12 29 2014 12 30 H 2015 12 30 2015 12 31 H
042 6. 2015 12 30 2015 12 31 H 7. 2016 8 29 2016 8 30 8. 2016 12 16 2016 12 17 9. 2016 12 162016 12 17 10. 2017 4 27 2017 4 28 11 2017 5 26 2017 2017 5 27
043 2017 1-6 2017 3,530 8,000 0 8,000 364 1,309,100,000 604 2,600 36 119 93 218 69 175 68 270 34 96 0 0 0 105 105 (105) 105 2017 4 28 105 2017 4 28105 2017 2017 6 26 A H 2017 6 27 A H
044 1 2 3 2017 6 30256196 1. 2007 6 28 2006 12008 6 25 2007 4 2007200820092010 20112007 2008 2009 20102011 2007 2008 2009 20102011 9,085.8 21,360 18,475 17,926.96 8,385 2009 12 29 500,0002011 12 311
045 2017 6 303.83 0.35 4 0 2 2017 2 17 2015 5,5002017 2 17 2017 5 52017 7 12018 6 30 4512 2017 6 302016 2017 8 14 2016 2.4 2017 8 15 1,173 0 3 2015 12 291 10 SPV SPV102 SPV 11,543.592017 4 71 2 SPV SPV2 SPV 8,984 2 5 SPVSPV5 SPV 1,6802017 4 251 8 SPV A321NEOSPV8 2SPV 62,1622017 8 211 SPVSPV 7,747.7SPV 5,836SPV 3,549SPV 3,553SPV 3,565 2 SPV165.62
046 2017 4 26 20 A350-900 20 A350-900 1. 1997 5 22 2. 1995 3 25 1997 5 22 3. 2007 8 14 8 8,013.99 1113,948.25 (1)2008(2) (3) A B 2019 12 31
047 4. (1) (2) (3) (4) 5. 2015 7 8 (1)(2) (3) 2017 3 302017 2017 2017 6 30 2016 5%
048 200
049 4 200 5 554.18 1. 268.16 2. 5.1 41 3. 200.92 4. 80 2017 2 21 2017 6 30 6
050 2016 12 31 2017 1-6 2017 6 30 (%) (%) (%) 0 0 0 0 0 0 1 7,022,650,000 71.53 0 0 7,022,650,000 71.53 2 2,794,917,000 28.47 0 0 2,794,917,000 28.47 9,817,567,000 100 0 0 9,817,567,000 100 9,817,567,000 100 0 0 9,817,567,000 100 2017 3 27 H 270,606,272 H2017 3 28 H 2017 6 26 A A HA A H A H2017 6 27 2017 8 10 H270,606,272 5.74 1HH 2,794,917,0003,065,523,272AH 9,817,567,00010,088,173,272 2017 8 11 H
051 214,301 1 0 4,039,228,665 41.14 0 (211,000) 1,749,248,988 17.82 0 0 1,033,650,000 10.53 0 119,766,444 387,385,826 3.95 0 40,961,611 78,881,516 0.80 0 (2,290,800) 67,709,200 0.69 0 0 64,510,900 0.66 0 26,471,984 51,037,384 0.52 0 0 49,253,400 0.50 0 33,092,181 33,092,181 0.34 0
052 4,039,228,665 1,749,248,988 1,033,650,000 387,385,826 78,881,516 67,709,200 64,510,900 51,037,384 49,253,400 33,092,181 H 31,120,000H
053 2017 6 30 336 A H 3 3 1 A 4,039,228,665 (L) 57.52% / 41.14% H 1,064,770,000 (L) / 38.10% 10.85% 5,103,998,665 (L) / / 51.99% 1 H 1,064,770,000 (L) / 38.10% 10.85% American Airlines Group Inc.2 H 270,606,272(L) / 9.68% 2.76% (1) 1,064,770,000 H 31,120,000 H H 1.11% 1,033,650,000 HH 36.98% 31,120,000 H (2) American Airlines Group Inc.100%270,606,272 H (3) 2017 6 30 2017 6 30 336
054 2017 6 30 XV 352
055 13.51B(1) 13.51B(1)2016 1 2 3 4 5 6 13.51B(1) 2017 6 30 92,178 2016 6 3089,539
056 1501 136053 2015/11/20 2020/11/20 3,000 3.63% 1601 136256 2016/3/3 2019/3/3 5,000 2.97% 1602 136452 2016/5/25 2021/5/25 5,000 3.12% 2017 3 32016 2016 3 3 2017 3 2 2.97% 1,00029.70 1,000 23.76 QFII RQFII) 1,000 26.73 2017 5 252016 2016 5 25 2017 5 24 3.12% 1,00031.20 1,000 24.96 QFII RQFII) 1,000 28.08 1012 13501582885 18688983432 80
057 2017 5 191501 1601 1602 1501 1601 1602AAA, AAA 2015 10 2016 2016 2015 2015 20162017 6 52016
058 (%) 0.24 0.20 20.00 0.22 0.18 22.22 71.79% 72.57% (1.08) / 100% 100% / / 1-6 (%) EBITDA 7.00 8.00 (12.50) / 100% 100% / /
059 2017 2 15 20162,024,831,780.82 2017 3 10 2016 2,017,889,315.07 2017 4 21 20162,033,797,260.27 2017 5 12 20162,037,430,136.99 2017 6 9 20162,038,323,287.67 2017 6 16 20162,039,649,315.07 2017 6 301,985.41 494.50 1,490.91 82.16
062 63 92 2017 6 30 6 34 34 2410 2017 6 30 34 10 8 2017 8 29
063 2017 6 306 6 306 2017 2016 57,819 51,784 2,669 2,335 4 60,488 54,119 30,326 23,247 5,278 5,017 10,617 9,335 3,125 2,888 1,419 1,178 9 6,468 6,298 621 673 57,854 48,636 8 1,948 1,568 9 4,582 7,051 46 39 7 (1,332) (1,200) 233 357 83 56 561 (1,516) 4,173 4,787 10 (962) (1,096) 3,211 3,691 2,772 3,118 439 573 3,211 3,691 12 0.28 0.32
064 2017 6 306 6 306 2017 2016 3,211 3,691 11 (7) (122) 11 3 (13) 11 1 33 (3) (102) 3,208 3,589 2,768 3,019 440 570 3,208 3,589
065 2017 6 30 2017 6 30 2016 12 31 13 147,586 146,746 14 30,143 28,910 15 2,654 2,687 182 182 2,866 2,590 1,605 1,522 103 103 651 725 502 499 14 21 1,573 1,685 933 1,008 188,812 186,678 1,755 1,588 16 3,508 2,989 3,751 3,387 4,268 4,152 123 135 1,515 1,415 22(c) 268 98 15,188 13,764
066 2017 6 30 2017 6 30 2016 12 31 17 22,473 26,746 18 7,497 8,695 19 1,957 1,903 7,034 8,420 1,455 1,299 441 647 22(c) 190 103 15,457 15,147 5,683 4,972 62,187 67,932 (46,999) (54,168) 141,813 132,510 17 23,926 18,758 18 54,405 53,527 1,841 1,622 2,298 2,089 2 6 1,069 691 716 841 84,257 77,534 57,556 54,976 9,818 9,818 20 35,537 33,638 45,355 43,456 12,201 11,520 57,556 54,976 2017 8 29
067 2017 6 306 2016 1 1 9,818 14,131 55 1,675 13,366 39,045 10,579 49,624 2016 6 306 3,118 3,118 573 3,691 (99) (99) (3) (102) (99) 3,118 3,019 570 3,589 201520(a) (785) (785) (785) 100 100 2016 6 302016 7 1 9,818 14,131 (44) 1,675 15,699 41,279 11,249 52,528 2016 12 316 1,926 1,926 281 2,207 253 (2) 251 127 378 253 (2) 1,926 2,177 408 2,585 405 (405) 160 160 (83) (83) (214) (214) 2016 12 31 2017 1 1 9,818 14,131 209 2,078 17,220 43,456 11,520 54,976 2017 6 306 2,772 2,772 439 3,211 (4) (4) 1 (3) (4) 2,772 2,768 440 3,208 201620(a) (982) (982) (982) (124) (124) 404 404 113 113 (39) 74 2017 6 30 9,818 14,131 205 2,191 19,010 45,355 12,201 57,556
068 2017 6 306 6 306 2017 2016 10,116 9,979 76 70 (1,868) (1,178) (1,205) (758) 7,119 8,113 (120) 2,321 1,549 36 76 314 765 (5,437) (3,478) (170) (34) (26) (21) 86 30 (59) 7 (2,928) (1,233) (450) 26,112 13,140 1,000 14,397 10,000 (8,216) (37,033) (5,336) (3,216) (18,000) (2,000) 404 100 (33) (8) (238) (4,069) (5,308) 122 1,572 1 1 4,152 4,560 (6) 19 6 30 4,268 6,151
069 2017 6 306 1 34 2017 8 29 20172016 2 34 2016 2410 62 2
070 2017 6 306 3 2016 12 31 2016 12 31 (a) 2017 6 30 46,9992017 6 306 7,119 2,928 4,069122 2017 6 30 198,5412016 12 31 139,274149,0912016 12 31 110,199 2017 6 3017 18 (b) 18 17
071 2017 6 306 3 (b) 2017 6 30 1% 266 (1%) (266) 1% 32 (1%) (32) 10% 126 (10%) (126) 2016 12 31 1% 305 (1%) (305) 1% 31 (1%) (31) 10% 134 (10%) (134) (c) 10% 201610% 1,540 2016 6 3061,026
072 2017 6 306 3 (d) (i) 13 2017 6 30 2017 6 30 91 91 411 411 14 14 2016 12 31 2016 12 31 88 88 411 411 21 21 2017 6 306
073 2017 6 306 3 (d) (i) 8% 10% 8% 30% 12.03% 2017 6 306 (ii) (a) (b) 2017 6 302016 12 31
074 2017 6 306 4 6 306 2017 2016 53,626 48,662 4,193 3,122 1,051 934 241 312 217 205 220 164 193 178 139 111 141 91 100 75 367 265 5 (a) 60,488 54,119 5(c) 2016 2016 6 306
075 2017 6 306 5 (a) 2017 6 306 * 59,767 552 60,319 14 1,206 (1,220) 59,781 1,758 (1,220) 60,319 3,540 286 332 4,158 2,652 216 332 3,200 888 70 958 40 6 46 1,323 9 1,332 6,467 36 6,503 7 7 234 234 83 83 10,429 16 10,445
076 2017 6 306 5 (a) 2016 6 306 * 53,422 632 54,054 76 927 (1,003) 53,498 1,559 (1,003) 54,054 4,163 174 425 4,762 3,112 135 425 3,672 1,051 39 1,090 36 3 39 1,186 14 1,200 6,324 58 6,382 3 3 358 358 56 56 9,971 26 9,997 2017 6 302016 12 31 * 2017 6 30 195,581 3,363 (337) 5,111 203,718 145,526 1,252 (337) 146,441 2016 12 31 192,881 3,201 (376) 4,755 200,461 144,768 1,355 (370) 145,753 *
077 2017 6 306 5 (b) (1) (2) 6 306 2017 2016 44,180 39,416 14,983 13,399 1,156 1,239 60,319 54,054 (c) 6 306 2017 2016 5(a) 60,319 54,054 (i) 193 178 (ii) (24) (113) 60,488 54,119
078 2017 6 306 5 (c) 6 306 2017 2016 5(a) 4,158 4,762 (iii) 15 25 (iv) 1 1 (v) (1) (1) 4,173 4,787 2017 6 30 2016 12 31 203,718 200,461 (iii) 164 149 (iv) (28) (316) (v) 183 184 (37) (36) 204,000 200,442 2017 6 30 2016 12 31 146,441 145,753 (iv) (287) 3 146,444 145,466
079 2017 6 306 5 (c) (i) (ii) (iii) (iv) 2017 2017 6 12 16 (16) (v) 6
080 2017 6 306 7 6 306 2017 2016 790 760 964 716 1,754 1,476 14 (436) (300) 1,318 1,176 11 14 24 1,332 1,200 2017 6 3063.25% 2016 6 306 2.95% 8 6 306 2017 2016 1,340 1,035 388 315 (6) 8 226 210 1,948 1,568 (i) (ii) 2017 6 306
081 2017 6 306 9 6 306 2017 2016 15,402 10,259 3,972 3,496 2,366 2,708 170 165 (40) (71) 4,001 3,502 453 433 11,125 9,536 10 6 306 2017 2016 974 1,534 (12) (438) 962 1,096 25% 2016 6 30 6 25% 15%
082 2017 6 306 11 6 306 2017 2016 (21) (146) 7 14 24 2 30 (5) (92) 3 (13) (1) 3 2 (10) 12 2017 6 306 2,7722016 6 306 3,1189,817,567,0002016 6 306 9,817,567,000
083 2017 6 306 13 2017 6 306 2017 1 1 136,788 9,958 146,746 3,791 163 3,954 14 3,576 30 3,606 (5,881) (457) (6,338) (366) (16) (382) 2017 6 30 137,908 9,678 147,586 2017 6 3076,329 2016 12 31 78,318 17 18 14 2017 6 306 2017 1 1 27,267 1,643 28,910 5,508 492 6,000 7 432 4 436 13 (3,576) (30) (3,606) (50) (50) (1,542) (5) (1,547) 2017 6 30 28,089 2,054 30,143 15 2017 6 30 6 2017 1 1 2,687 4 (37) 2017 6 30 2,654
084 2017 6 306 16 1 3 2017 6 30 2016 12 31 1 2,786 2,536 1 3 489 321 3 12 221 142 1 55 27 3,551 3,026 (43) (37) 3,508 2,989 17 2017 6 30 2016 12 31 595 755 5,638 314 6,233 1,069 13,000 13,000 4,693 4,689 23,926 18,758 220 220 2,268 345 14,985 4,195 5,000 21,986 22,473 26,746 46,399 45,504
085 2017 6 306 17 2017 6 30 2016 12 31 1 23,775 27,654 12 7,515 1,039 25 17,839 19,124 5 40 61 49,169 47,878 2017 6 30 5502016 12 31 660 1,3982016 12 31 1,443265 2016 12 31 315 782016 12 31 79 332016 12 31 34 18 2017 6 30 2016 12 31 1 7,497 9,586 2,089 8,695 10,663 1,968 1 2 7,124 8,964 1,840 6,973 8,683 1,710 2 5 22,518 26,281 3,763 21,583 24,795 3,212 5 24,763 26,681 1,918 24,971 27,247 2,276 61,902 71,512 9,610 62,222 71,388 9,166 1 (7,497) (8,695) 54,405 53,527 2017 6 3074,9312016 12 31 76,875 61,9022016 12 31 62,222
086 2017 6 306 19 2017 6 30 2016 12 31 1 638 612 1 3 621 529 3 6 403 484 6 1 169 173 1 126 105 1,957 1,903 20 (a) (i) 2017 6 3062016 6 306 (ii) 2017 3 30 2016101.02015 10 0.89822015 785 2017 6 30 2017 6 30 20162017 6 30 (b) 2017 6 306 2016 6 306
087 2017 6 306 21 (a) 2017 6 30 2016 12 31 101,503 83,532 9 170 21 25 30 195 14 14 19 58 214 3,326 2,297 18,861 19,312 22,187 21,609 123,748 105,355 (b) 2017 6 30 2016 12 31 1 8,076 7,948 15 27,287 27,140 5 24,046 26,127 59,409 61,215 22 (a) 2017 6 306409 2016 6 306304 9
088 2017 6 306 22 (b) 6 306 2017 2016 11 3 53 57 15 76 69 53 604 981 94 96 50 34 29 33 364 3 3 1,173 846 33 18 186 170 36 64 74 55 55 53 36 28 12 3 10 21 19 11 10 1 7 14 6 17 15 5 4 269 264 6 18 9 5
089 2017 6 306 22 (c) 2017 6 30 2016 12 31 7 7 178 15 68 76 15 268 98 26 21 46 4 117 76 1 2 190 103 1,018 1,117 143 121 959 864 366 256 2,486 2,358 360 360
090 2017 6 306 22 (d) (i) 2017 6 30 105 2016 12 31 105 2017 105 2017 4 282018 4 27 90% 2017 6 306 62016 6 306 23.92% 2016 6 3063.92% (ii) 2017 6 30 3,5302016 12 31 3,759 312016 6 30616 (e) 2017 6 30 4572016 12 31 476
091 2017 6 306 23 (a) 1997 5 22 (b) (c) (d) (e) 6962016 12 31 696 2017 6 303832016 12 31409 42016 6 306 4 ICC2017 7 21737 2017 8 3 2017 8 21
092 2017 6 306 24 (a) 2017 3 272015American Airlines, Inc.155,328H 270,606,272 H 5.74 H2017 7 26 2017 8 10 b (i) A 1,800,000,000 1,800,000,000 A 10A AA31% (ii) H 6.27 590,000,000 590,000,000 H H12,737.0012,737.00 AH
093 (1) 2017 6 306 2016 6 306 2,768 3,132 (b) 1 1 (a) 15 25 (c) (1) (1) (c) (28) (4) 1 (7) (12) 2,772 3,118 (2) 2017 6 30 2016 12 31 45,076 43,181 (a) 164 149 (b) (28) (29) (c) 1 2 (c) 182 182 (40) (36) 7 45,355 43,456
094 (a) (b) 2017 2017 6 1216 (c)
晝夜無休 伴您飛翔 中 國 南 方 航 空 股 份 有 限 公 司 2017中期報告 2017 廣州之路 全球航空樞紐 www.csair.com 南航手機客戶端 南航微信服務號 中 期 報 告 H 股份代號: 1055 A 股份代號: 600029 ADR 代號: ZNH