Summary by Moomoo AI
China Southern Airlines Co., Ltd. (“China Southern Airlines”) has announced its 2023 results and is expected to post a loss with a net loss of between RMB35 billion and RMB 47 billion. NET LOSS IS EXPECTED TO BE RMB53 BILLION TO RMB70 BILLION AFTER EXCLUDING NON-RECURRING LOSSES. The loss data has not yet been audited. Compared to the same period last year, the company's net loss for 2022 was RMB326.82 billion, net loss after non-recurring loss was RMB340.28 billion and loss per share of RMB1.90. China Southern Airlines said that despite the continued recovery in the domestic economy, the company is actively responding to market changes, factors such as the slow resumption of international flights, oversupply at domestic, high oil prices, the impact of Sichuan Airlines investment, global supply chain problems and the depreciation of the renminbi, leading to greater operating pressures leading to 2023 There was a loss in the results. The company prepares audited financial reports and reminds investors to be aware of investment risks. The announcement date is 26 January 2024.