2 4 5 8 11 14 15 20 28 31 33 35 44 46 47

2015 H : 1055 A : 600029 ADR : ZNH

2 4 5 8 11 14 15 20 28 31 33 35 44 46 47

2015 8 28 11 10 002 2015

004 2015 ASK ATK RPK RTK RFTK 571

005 2015 China Southern Airlines Company Limited CSN +86-20-86124462 +86-20-86659040 ir@csair.com 278 233 203 278 95 9 B1 www.csair.com webmaster@csair.com (APP) 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 1995 3 25 440000400012565 10001760-0 440101100017600 440191100017600 202 2 11 10 22 N BNY Mellon Shareowner Services P.O.Box 30170 College Station, TX 77842-3170 U.S.A 006 2015

2015 007

2015 1 6 2014 1 6 53,359 50,225 6.24 3,479 (1,057) 429.14 9,885 2,729 262.22 2015 6 30 2014 12 31 38,842 35,748 8.66 188,175 189,688 (0.80) 2015 1 6 2014 1 6 0.35 (0.11) 418.18 0.35 (0.11) 418.18 008 2015

2015 2014 1-6 1-6 2015 2014 6 30 12 31 3,482 (1,018) 38,651 35,554 1 1 (30) (31) (3) (64) 320 323 (1) (1) 5 6 1 18 (78) (79) (1) 7 (26) (25) 3,479 (1,057) 38,842 35,748 1 2 2015 009

3 2015 6 30 1,022.60 2014 12 31 991.19 2015 6 30 576.22 2014 12 31 645.89 526.78 49.44 3424 010 2015

6 30 2015 2014 % (RPK) 67,914.23 60,302.83 12.62 1,746.90 1,556.11 12.26 21,670.39 16,080.37 34.76 91,331.52 77,939.31 17.18 (RTK) 6,804.48 6,084.25 11.84 163.87 145.14 12.9 3,667.80 2,985.16 22.87 10,636.15 9,214.55 15.43 (RTK) 6,003.75 5,337.58 12.48 153.52 136.94 12.11 1,910.02 1,420.30 34.48 8,067.29 6,894.82 17.01 (RTK) 800.73 746.67 7.24 10.35 8.20 26.22 1,757.78 1,564.85 12.33 2,568.86 2,319.72 10.74 46,623.14 42,108.22 10.72 1,273.26 1,171.30 8.7 5,581.81 4,105.64 35.95 53,478.21 47,385.16 12.86 497.62 469.94 5.89 9.23 7.65 20.65 205.79 185.53 10.92 712.64 663.12 7.47 (ASK) 83,747.27 75,357.72 11.13 2,394.47 2,134.81 12.16 26,793.57 20,891.15 28.25 112,935.31 98,383.68 14.79 2015 011

6 30 2015 2014 % (ATK) 9,770.58 8,735.65 11.85 281.24 242.01 16.21 5,272.97 4,403.99 19.73 15,324.79 13,381.65 14.52 (ATK) 7,537.25 6,782.19 11.13 215.50 192.13 12.16 2,411.42 1,880.20 28.25 10,164.17 8,854.52 14.79 (ATK) 2,233.32 1,953.44 14.33 65.74 49.88 31.8 2,861.55 2,523.79 13.38 5,160.61 4,527.11 13.99 (RPK/ASK)(%) 81.1 80.0 1.38 73.0 72.9 0.14 80.9 77.0 5.06 80.9 79.2 2.15 (RTK/ATK)(%) 69.6 69.6 0 58.3 60.0 (2.83) 69.6 67.8 2.65 69.4 68.9 0.73 677.89 600.26 12.93 867.11 781.37 10.97 22.56 20.39 10.64 195.13 153.30 27.29 1,084.79 955.06 13.58 404.59 374.48 8.04 10.45 9.94 5.13 43 33.34 28.97 458.04 417.76 9.64 012 2015

6 30 2015 2014 % 0.55 0.60 (8.33) 0.72 0.80 (10.00) 0.45 0.49 (8.16) 0.53 0.58 (8.62) 1.29 1.30 (0.77) 4.73 5.61 (15.69) 1.20 1.46 (17.81) 1.24 1.42 (12.68) 5.60 6.07 (7.74) 7.96 8.89 (10.46) 3.26 3.38 (3.55) 4.83 5.25 (8.00) 0.54 0.53 1.89 0.60 0.65 (7.69) 0.35 0.38 (7.89) 0.50 0.50 1.19 1.21 (1.65) 3.96 4.27 (7.26) 1.03 1.09 (5.50) 1.09 1.14 (4.39) 5.53 5.41 2.22 6.69 7.22 (7.34) 2.56 2.62 (2.29) 4.52 4.53 (0.22) 2015 013

2015 6 30 A380-800 3.2 0 2 3 5 A330-300 3.8 8 9 1 3 18 A330-200 6.2 2 11 3 16 A321-200 5.9 22 25 32 4 79 A320-200 6.5 40 41 44 3 125 A319-100 8.9 29 6 8 43 B787 1.3 1 14 0 3 15 B777-300ER 1 0 5 0 5 B777-200 19.1 0 0 4 4 B757-200 17.6 0 0 19 19 B737-800 4.9 75 60 83 11 1 218 B737-700 8.9 9 11 30 50 B737-300 17.4 0 0 3 3 EMB190 3.3 20 4 1 25 6.3 206 188 231 24 1 625 B747-400F 13 0 0 2 2 B777-200F 3.1 0 6 5 3 11 4.6 0 6 7 3 0 13 6.2 206 194 238 27 1 638 014 2015

2015 4 4 2015 015

+ 18.32 % 1,438 638 111.1 + 22% 18.32%3.9 861,438 4,964.8188252 271 638 33 51 111.122% 31.1% 27.1% 016 2015

52 1.7 + 1.7 A380 2015 017

+ 27.6 % 14.35 56.91 10.1% 27.6% 7% 43% 30% 2015 2015 2892015 657 HCC 018 2015

+ 2015 019

3.79% 5.99% 500 400 2015 300 200 90.22% 0 100 533.59 31.34 6.24% 15.43% 106.36 80.9% 1.75,347.82 12.86% 9.660.32 485.293.77% 11.1710.38% 1.56 11.09 12.10 3.15 2015 6 30 40.958.14 020 2015

20.42% 400 2.61% 2015 300 200 100 76.97% 0 481.416.88%93.78% 913.3217.18% 0.50 370.572.97% 76.97% 11.13% 12.62% 1.1 81.1%0.53 1.89%0.54 12.550.88% 2.61% 12.16% 12.26% 0.1 73% 0.65 7.69%0.60 98.2925.90%20.42% 28.25% 34.76% 3.9 80.9% 0.38 7.89%0.35 31.953.33% 6.22% 7.47% 71.26 1.14 4.39%1.09 2015 021

11.94% 1.35% 2.39% 7.25% 16.81% 51.20% 9.06% 0 50 100 150 200 250 300 1 2 3 4 5 6 248.4411.96% 43.9713.71% 81.605.18% 35.192.92% 11.605.74% 57.959.75% 022 2015

15,000 10,000 5,000 0-5,000-10,000-15,000 98.85262.22% 38.6754.68% 118.1360.47 2015 023

2015 6 30335.77 274.56 2015 6 30533.812014 12 31 630.45 96.64 2.24% 213.97 176.9250.4032.9559.57201620172018 20192020 6 3012 2015 6 30 96.05 8.88%2014 12 31 154.14 58.09 2015 6 30 388.422014 12 31 357.48 30.94 2015 6 30493.26 2014 12 31 444.93 2015 6 30 74%2014 12 3177% 1 2 2009 3,210445 2,558 207 024 2015

1 1984 850 51% 2015 6 3012916.5 25%1,198.9621.8%11.23 12.4% 76.5% 1.9 65.6% 0.4 95.9678.31 6.96 2015 6 30408.88 138.29 2015 7 144% 55% 2 (%) 280,000,000 60 250,000,000 60 650,000,000 60 1,200,000,000 60 6,000,000,000 60 65,000,000 50 58,444,760 51 724,330,000 21.09 12.89 1,000,000,000 39 200,000,000 40 2015 025

2015 6 30 638A380 B787 B777-300ER SKYTRAX (1) A380 (2) (3) SKYTRAX 026 2015

2015 027

2014 12 31 2015 1 6 2015 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 9,817,567,000 100 278,005 (%) (169,357,613) 4,039,228,665 41.14 0 2,236,790 1,747,885,987 17.80 0 0 1,033,650,000 10.53 0 (79,000,000) 80,000,000 0.81 0 (54,516,024) 68,504,000 0.70 0 41,805,164 41,805,164 0.43 0 019L FH002 33,649,230 33,649,230 0.34 0 30,484,490 30,484,490 0.31 0 26,890,710 26,890,710 0.27 0 25,015,200 25,015,200 0.25 0 028 2015

4,039,228,665 1,747,885,987 1,033,650,000 80,000,000 68,504,000 41,805,164 33,649,230 019L FH002 30,484,490 26,890,710 25,015,200 H 31,120,000 H 2015 029

2015 6 30 336 A H 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% H 1,064,770,000 (L) 38.10% 10.85% 1,064,770,000 H 31,120,000 H H 1.11%1,033,650,000 HH 36.98% 31,120,000 H 2015 6 30 336 030 2015

2015 6 30 XV 352 2015 1 5 2015 2 27 2015 3 25 2015 3 27 2015 4 9 2015 6 30 2015 6 302014 2015 6 302014 2015 031

13.51B(1) 13.51B(1)2014 13.51B(1) 2015 6 30 83,3712014 6 3079,928 032 2015

2015 6 30 2015 6 30 34 112 4 9 2014 2014 2 2 1 1 2015 033

1 11 4498320 5 256 23 3 203 2014 2014 2015 8 H 2014 29 ARC (Annual Report Competition) Awards 034 2015

2014 3.93 9,817,567,000 10 0.4 AH 2014 2015 8 6 2015 24 1 2 3 4 5 2008 11 11 2008 11 12 H 2009 9 28 MTU AERO ENGINES GMBH MTU 2009 9 29 2013 4 19 2013 4 22 2013 4 19 2013 4 22 2013 11 8 2013 11 9 2015 035

6 7 8 9 10 11 12 13 2013 12 26 2013 2013 12 27 2014 2014 1 92014 1 10 2014 1 92014 1 10 2014 11 21 2014 11 22 H 2014 12 29 2014 12 30 H 2014 12 29 2014 12 30 H 2014 12 292014 12 30 H 2015 6 30 2014 <> 2015 5 52015 7 1 2014 036 2015

2015 1-6 2015 3,771 8,000 0 8,000 547 1,600 25 113 33 160 95 190 57 132 50 250 36 90 0 0 0 104.77 104.77 104.77 2015 3 10 104.772015 4 27 104.77 2015 2015 037

2011 11 30 2011 H H 2011 12 31118 24,660,000 3.92 2011 12 22 2012 5 312013 6 182014 6 262015 6 30H 0.2 0.050.040.040.25 0.060.05 0.05 H 3.51 17,646,667 H H7,013,333 1 2 3 2015 6 30206 194 038 2015

1. 2007 6 28 2006 2008 6 25 2007 200720082009 201020112007 2008 2009 20102011 2007 2008 2009 201020119,085.8 21,360 18,475 17,926.968,385 2009 12 29 500,0002011 12 311 2015 6 30645 54 3 0 2. 2015 6 302015 7 12016 6 30 35 2015 039

5% 2015 6 302014 2015 2015 2015 6 30 040 2015

(%) (%) 000099 9 0.48 0.48 52 0 9 601328 16 0.013 0.013 78 3 11 0696.HK 33 2.25 2.25 33 9 0 58 / / 163 12 20 / / (%) (%) 246 33.98 33.98 251 38 (7) 246 / / 251 38 (7) / / (1) (2) 2015 041

1. 1997 5 22 2. 1995 1995 3 25 1997 5 22 3. 2007 8 14 88,013.99 1113,948.25 (1) 2008(2)(3) A B 2016 12 31 2016 12 31 042 2015

4. A B C D 2015 043

2015 2015 8 28 044 2015

2015 045

47 71 3434 34 2410 34 +852 2289 8888+852 2810 9888 www.pwchk.com 22 046 2015

2015 6 306 6 306 2015 2014 51,336 48,345 2,023 1,880 6 53,359 50,225 24,844 28,219 4,397 3,867 8,160 7,758 3,519 3,625 1,160 1,097 5,795 5,280 654 583 48,529 50,429 10 1,155 979 12 5,985 775 165 142 9 (1,117) (1,012) 358 9 70 66 (156) (1,109) 5,305 (1,129) 11 (1,210) 315 4,095 (814) 3,479 (1,057) 616 243 4,095 (814) 13 0.35 (0.11) 21 53 71 2015 047

2015 6 306 6 306 2015 2014 4,095 (814) 26 3 (7) 4 (6) (1) 4,108 (808) 3,488 (1,052) 620 244 4,108 (808) 53 71 048 2015

2015 6 30 2015.6.30 2014.12.31 14 140,559 134,453 15 17,802 19,347 16 2,312 2,349 1,906 1,583 1,409 1,338 136 136 746 651 130 104 1,109 966 300 300 853 920 167,262 162,147 1,728 1,661 17 2,792 2,683 5,308 5,864 9,605 15,414 117 438 861 995 23(c) 502 486 20,913 27,541 18 21,397 20,979 19 6,059 5,992 20 2,091 1,657 5,399 6,101 1,165 1,160 503 296 23(c) 625 458 11,999 12,122 5,252 5,321 54,490 54,086 (33,577) (26,545) 133,685 135,602 2015 049

2015 6 30 2015.6.30 2014.12.31 18 31,984 42,066 19 46,789 43,919 1,998 1,750 1,840 1,623 17 25 805 853 926 873 84,359 91,109 49,326 44,493 9,818 9,818 21(b) 29,024 25,930 38,842 35,748 10,484 8,745 49,326 44,493 2015 8 28 53 71 050 2015

2015 6 306 2014 6 306 2014 1 1 9,818 14,131 22 1,336 9,022 34,329 8,122 42,451 (1,057) (1,057) 243 (814) 2 3 5 1 6 2 3 (1,057) (1,052) 244 (808) 201321(a) (393) (393) (393) (2) (2) 2014 6 30 9,818 14,131 24 1,339 7,572 32,884 8,364 41,248 2015 6 306 2015 1 1 9,818 14,131 44 1,486 10,269 35,748 8,745 44,493 3,479 3,479 616 4,095 15 (6) 9 4 13 15 (6) 3,479 3,488 620 4,108 201421(a) (393) (393) (393) 1,120 1,120 (1) (1) 1 (2) (2) 2015 6 30 9,818 14,130 59 1,480 13,355 38,842 10,484 49,326 53 71 2015 051

2015 6 306 6 306 2015 2014 12,316 4,153 98 131 (1,445) (1,090) (1,084) (465) 9,885 2,729 134 94 52 82 3 3 (33) (67) 63 (1,419) 36 37 (4,339) (6,207) (38) (1,055) 324 (69) (3,867) (8,532) 6,733 18,353 6,000 (16,664) (18,299) (3,000) 1,120 (2) (2) (5) (11,813) 6,047 (5,795) 244 1 1 15,414 11,748 (14) 15 6 30 9,605 12,007 53 71 052 2015

1 1995 3 25 2015 8 28 2 2015 6 30634 2014 12 31 2015 6 30335.77 2015 6 30 1,842 2014 12 31 1,871 1,294 2014 12 31 1,267 3 2014 12 31 2015 053

3 2015 1 1 19 2012 8 1638 24 2013 3 13 40 2015 1 1 4 2014 12 31 5 2014 12 31 2014 12 31 054 2015

5 (a) 19 18 22(b) 2015.6.30 1% 738 (1%) (738) 1% 12 (1%) (12) 10% 132 (10%) (132) 2014.12.31 1% 767 (1%) (767) 2% 6 (2%) (6) 10% 145 (10%) (145) 2015 055

5 (b) 2015 6 30 335.77 2015 6 306 98.8538.67 118.13 57.95 2015 6 30 1,842 2014 12 31 1,871 1,294 2014 12 31 1,267 2015 6 30 18 19 (c) 6. 2015 6 306 2015 6 306 6 306 2015 2014 48,141 45,040 3,195 3,305 690 745 272 209 262 255 164 152 163 115 138 97 120 88 71 77 143 142 53,359 50,225 056 2015

7 (a) 7(c) 2015 6 306 * 52,740 587 53,327 39 692 (731) 52,779 1,279 (731) 53,327 4,731 137 440 5,308 3,550 107 440 4,097 1,181 30 1,211 162 3 165 1,100 17 1,117 5,821 43 5,864 7 1 8 358 358 70 70 10,815 31 10,846 2015 057

7 (a) 2014 6 306 * 49,985 227 50,212 697 (697) 49,985 924 (697) 50,212 (1,243) 98 80 (1,065) (920) 72 80 (768) (323) 26 (297) 139 3 142 994 18 1,012 5,275 40 5,315 6 6 10 10 66 66 13,346 19 13,365 2015 6 302014 12 31 * 2015 6 30 182,886 2,683 (991) 3,597 188,175 138,786 1,271 (991) 139,066 2014 12 31 184,661 2,427 (568) 3,177 189,697 144,782 1,209 (568) 145,423 * 058 2015

7 (b) (1) (2) 6 306 2015 2014 40,076 38,825 11,947 10,097 1,304 1,290 53,327 50,212 2015 059

7 (c) 6 306 2015 2014 53,327 50,212 (i) 163 115 (ii) (131) (102) 53,359 50,225 6 306 2015 2014 5,308 (1,065) (iii) (3) (64) (iv) 1 1 (1) (1) 5,305 (1,129) 060 2015

7 (c) 2015.6.30 2014.12.31 188,175 189,697 (iii) 320 323 (iv) (247) (259) (73) (73) 188,175 189,688 2015.6.30 2014.12.31 139,066 145,423 (iv) (217) (228) 138,849 145,195 (i) (ii) (iii) (iv) 8 2015 061

9 6 306 2015 2014 729 688 593 439 5 75 1,327 1,202 (210) (190) 1,117 1,012 2015 6 3061.95% 6.00% 2014 6 306 2.12% 2.74%) 10 6 306 2015 2014 875 836 26 30 254 113 1,155 979 (i)(ii) 2015 6 306 062 2015

11 6 306 2015 2014 1,306 225 (96) (540) 1,210 (315) 25% 201425% 15% 12 6 306 2015 2014 13,261 18,345 4,246 3,520 1,482 1,696 139 102 (72) (38) 2,818 2,574 416 401 8,685 7,622 2015 063

13 2015 6 30634.79 2014 6 306 10.57 9,817,567,0002014 6 306 9,817,567,000 14 2015 6 306 2015 1 1 125,619 8,834 134,453 15 6,379 226 6,605 16 4 4 5,102 228 5,330 (5,311) (417) (5,728) (69) (36) (105) 2015 6 30 131,720 8,839 140,559 15 2015 6 306 2015 1 1 17,754 1,593 19,347 4,421 453 4,874 9 202 8 210 14 (6,379) (226) (6,605) (24) (24) 2015 6 30 15,998 1,804 17,802 064 2015

16 2015 6 306 2015 1 1 2,349 14 (4) (3) (30) 2015 6 30 2,312 17 1 3 2015.6.30 2014.12.31 1 2,102 2,133 1 3 633 535 3 12 68 25 1 30 23 2,833 2,716 (41) (33) 2,792 2,683 2015 065

18 2015.6.30 2014.12.31 16,426 19,846 15,558 22,220 31,984 42,066 3,673 3,834 9,149 6,902 232 8,575 10,011 21,397 20,979 53,381 63,045 2015.6.30 2014.12.31 1 22,429 22,293 12 18,266 18,098 25 11,541 20,758 5 3,425 5,040 55,661 66,189 066 2015

19 2015.6.30 2014.12.31 1 6,059 7,410 1,351 5,992 7,312 1,320 12 6,627 7,802 1,175 5,487 6,643 1,156 25 16,364 18,895 2,531 15,781 18,277 2,496 5 23,798 25,282 1,484 22,651 24,345 1,694 52,848 59,389 6,541 49,911 56,577 6,666 1 (6,059) (5,992) 46,789 43,919 20 2015.6.30 2014.12.31 1 1,115 755 1 3 590 633 3 6 192 107 61 116 76 1 78 86 2,091 1,657 21 (a) (i) 2015 6 3062014 6 306 (ii) 2015 3 30 20140.04 3.93 2015 6 302014 3 28 2013 0.04 3.932014 6 26 2014AH 2015 8 6 2015 6 30 (b) 2015 6 3062014 6 306 2015 067

22 (a) 2015 6 30 2015.6.30 2014.12.31 52,678 59,467 32 70 106 52 138 122 1,968 1,512 2,976 3,610 4,944 5,122 57,760 64,711 (b) 23(e) 2015.6.30 2014.12.31 1 5,598 5,072 15 16,073 15,496 5 9,243 8,230 30,914 28,798 068 2015

23 (a) 2015 6 306341 2014 6 306439 12 (b) 6 306 2015 2014 18 9 1 1 1 1 1 547 276 33 55 47 21 96 86 36 37 57 50 3 1 1 785 680 160 154 25 39 100 79 63 57 63 47 3 9 19 8 5 4 5 10 11 14 17 19 2015 069

23 (b) 6 306 2015 2014 239 213 5 6 (c) 2015.6.30 2014.12.31 90 78 294 284 109 124 9 502 486 459 256 50 13 79 119 37 70 625 458 158 451 61 92 984 836 325 269 1,528 1,648 070 2015

23 (d) (i) 2015 4 27 2015 4 272016 4 271.05 90% (ii) 2015 6 30 37.71 2014 12 31 42.64 0.37 2014 6 3060.32 (e) 24 (a) 2015 6 303.71 2014 12 31 2.07 6.45 2014 12 31 6.462015 6 30 4.75 2014 12 31 4.86 0.03 2014 6 30 0.02 (b) (c) 2014 5 31 ICCSASOF TR-81 AVIATION IRELAND LIMITED 0.132014 7 31ICC 2016 1997 5 22 25 2015 071

(1) 6 306 2015 2014 3,482 (1,018) (b) 1 1 (a) (3) (64) (c) (1) (1) 1 18 (1) 7 3,479 (1,057) (2) 2015.6.30 2014.12.31 38,651 35,554 (a) 320 323 (b) (30) (31) (c) 5 6 (78) (79) (26) (25) 38,842 35,748 (a) (b) (c) 072 2015

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