Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
January 29 2024 - 6:05AM
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
January 29, 2024
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 January 26, 2024 on the Hong Kong Stock Exchanges website at:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0126/2024012601153.pdf, in relation to the announcement on estimated loss in the annual results for the
year of 2023.
The announcement in English is included as an exhibit to this Form 6-K.
Certain statements contained in this announcement may be viewed as forward-looking statements within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance,
financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks,
uncertainties and other factors is included in the Companys filings with the U.S. Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements. All information provided in this announcement is as
of the date of this announcement, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law.
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.
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CHINA SOUTHERN AIRLINES COMPANY LIMITED |
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By: |
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/s/ Chen Wei Hua and Liu Wei |
Name: |
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Chen Wei Hua and Liu Wei |
Title: |
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Joint Company Secretaries |
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Date: January 29, 2024 |
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 ANNUAL
RESULTS FOR THE YEAR 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 |
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(I) |
Period covered by the estimated results |
1 January 2023 to 31 December 2023 (the Reporting Period)
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1. |
Based on preliminary financial information prepared by the finance department of the Company, the Company
expects to record a loss in the results for the year of 2023, and a net loss attributable to shareholders of the Company of approximately RMB3.5 billion to RMB4.7billion. |
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2. |
The net loss after deducting the non-recurring profit or loss
attributable to shareholders of the Company is estimated to be approximately RMB5.3 billion to RMB7.0 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 |
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(I) |
The net loss attributable to shareholders of the Company: RMB32.682 billion. The net loss after deducting
the non-recurring profit or loss attributable to shareholders of the Company: RMB34.028 billion. |
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(II) |
Loss per share: RMB1.90. |
III. |
MAJOR REASONS FOR THE ESTIMATED LOSS IN RESULTS FOR THIS PERIOD |
In 2023, as the domestic economy continued to recover and multiple unfavourable impacts gradually receded, the Company grasped the market
opportunities, proactively enhanced the level of capacity, seized the hot markets, strengthened lean management and control on costs, and accelerated and optimized the utilization of idle assets, resulting in a significant year-on-year reduction in loss of operating efficiency. However, due to a number of factors such as the relatively slow recovery of international passenger flights, the
overall oversupply of domestic passenger transportation, the high level of oil prices, the impact of the strategic investment of Sichuan Airlines, the significant increase in the prices of aircraft and aviation materials due to the global supply
chain disruptions as well as the depreciation of the Renminbi, the Company is still facing greater operating pressure and the Company expects to record a loss in the operating results for the year of 2023.
The finance department of the Company is making every effort to prepare the financial statements for the year of 2023. In respect of this
estimated results, there is no substantial uncertainty which may affect its accuracy.
V. |
OTHER EXPLANATORY MATTERS |
The data set out in this announcement is only preliminary accounting data. The specific and accurate financial data should be those to be
disclosed in the audited 2023 annual report of the Company. Investors are advised to pay attention to such investment risks involved.
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By order of the Board
China Southern Airlines Company Limited
Chen Wei Hua and Liu Wei |
Joint Company Secretaries |
Guangzhou, the
Peoples Republic of China
26 January 2024
As at
the date of this announcement, the Directors include Ma Xu Lun, Han Wen Sheng and Luo Lai Jun as executive Directors; and Pansy Catilina Chiu King Ho, Gu Hui Zhong, Guo Wei and Cai Hong Ping as independent
non-executive Directors.
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