Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 17 2023 - 5:15AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 6-K
Report of
Foreign Private Issuer
Pursuant to Rule 13a-16 or
15d-16
of the Securities Exchange Act of 1934
July 17, 2023
CHINA
SOUTHERN AIRLINES COMPANY LIMITED
68 Qi Xin Road
Guangzhou, 510403
Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
China Southern Airlines Company Limited (the Company) published the following
announcement on July 14, 2023 on the Hong Kong Stock Exchanges website at:
https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0714/2023071400898.pdf, in relation to the announcement on estimated loss in the results for the first
half of 2023.
The announcement in English is included as an exhibit to this Form 6-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
CHINA SOUTHERN AIRLINES COMPANY LIMITED
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By: |
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/s/ Chen Wei Hua and Liu Wei |
Name: Chen Wei Hua and Liu Wei |
Title: Joint Company Secretaries |
Date: July 17, 2023
Exhibit 99.1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a joint stock limited company incorporated in the Peoples Republic of China with limited liability)
(Stock Code: 1055)
ANNOUNCEMENT ON ESTIMATED LOSS IN THE RESULTS FOR
THE FIRST HALF OF 2023
This announcement
is made by China Southern Airlines Company Limited (the Company) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules) and the
Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
I. |
ESTIMATED RESULTS FOR THIS PERIOD |
(I) |
Period covered by the estimated results |
1 January 2023 to 30 June 2023 (the Reporting Period)
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1. |
Based on the preliminary financial information prepared by the finance department of the Company, the Company
expects to record a loss in the first half of 2023, and a net loss attributable to shareholders of the Company of approximately RMB2.5 billion to RMB3.3 billion. |
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2. |
The net loss after deducting the non-recurring profit or loss
attributable to shareholders of the Company in the first half of 2023 is estimated to be approximately RMB3.4 billion to RMB4.5 billion. |
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3. |
The financial figures relating to the estimated results for the Reporting Period are only based on preliminary
estimates, and have not been audited by certified public accountants. |
II. |
RESULTS FOR THE CORRESPONDING PERIOD OF THE PREVIOUS YEAR |
(I) |
The net loss attributable to shareholders of the Company: RMB11.488 billion. The net loss after deducting
the non-recurring profit or loss attributable to shareholders of the Company: RMB11.751 billion. |
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(II) |
Loss per share: RMB0.68. |
III. |
MAJOR REASONS FOR THE ESTIMATED LOSS IN RESULTS FOR THIS PERIOD |
During the Reporting Period, due to the constant recovery of domestic economy and gradual alleviation of multiple negative impacts, service
consumption experienced a noticeable recovery as well as the domestic civil aviation industry. The Company made every effort to seize the opportunities arising from market recovery, enhance cost control, and accelerate and optimize the utilization
of idle resources, which contributed to a significant year-on-year decrease in operating loss of the Company. However, as a result of the relatively slow restoration of
international flights, oversupply in the domestic market, significant depreciation of RMB and fluctuations in the high oil price, the Company is still under great operating pressure and suffered operating loss in the first half of 2023.
The finance department of the Company is making every effort to prepare the 2023 interim financial report of the Company. There is no other
substantial uncertainty which may affect the accuracy of the estimated results of the Company in this announcement.
V. |
OTHER EXPLANATORY MATTERS |
The data set out above is only preliminary accounting data. The specific and accurate financial data should be those to be officially disclosed
in the 2023 interim report of the Company. Investors are advised to pay attention to such investment risks involved.
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By order of the Board |
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China Southern Airlines Company Limited |
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Chen Wei Hua and Liu Wei |
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Joint Company Secretaries |
Guangzhou, the Peoples Republic of China
14 July 2023
As at the date of this announcement, the
Directors include Ma Xu Lun, Han Wen Sheng and Luo Lai Jun as executive Directors; and Gu Hui Zhong, Guo Wei and Cai Hong Ping as independent non-executive Directors.
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