---
title: "Hainan Airlines Holding (900945.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/900945.SH.md"
symbol: "900945.SH"
name: "Hainan Airlines Holding"
industry: "航空-客运"
---

# Hainan Airlines Holding (900945.SH)

| Item | Detail |
|------|--------|
| Industry | 航空-客运 |

## Company Profile

公司是由海南省航空公司与中国光大国际信托投资公司、交通银行海南省分行等法人单位于 1993 年 10 月 18 日共同发起设立的股份有限公司，1999 年 10 月，公司向社会公开发售 A 股股票，在上海证券交易所上市。公司主要从事国际、国内 (含港澳) 航空客货邮运输业务;与航空运输相关的服务业务;航空旅游;机上供应品，航空器材，航空地面设备及零配件的生产;候机楼服务和经营;保险兼业代理服务 (限人身意外险)。其中，定期、不定期航空客、货运输是公司的主营业务。企业荣誉:2023 年 2 月，海南航空第十二次蝉联"SKYTRAX 五星航空公司 “荣誉称号;2023 年 1 月，海南航空荣获长沙...

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:09.000Z

**Overall: D (0.68)**

**Industry**: Passenger Airlines

| Metric | Value |
|--------|-------|
| Industry Ranking | 8 / 8 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Large - The company has stable operations, allowing for dependable long-term returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 4.26% |  |
| Net Profit YoY | -115.45% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 15.31 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 82.40B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 64.12B |  |


**Multi Score**: D

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -5.12% | D |
| Profit Margin | -0.37% | D |
| Gross Margin | 18.64% | D |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 4.26% | C |
| Net Profit YoY | -115.45% | E |
| Total Assets YoY | 2.37% | C |
| Net Assets YoY | 20.62% | A |

#### Cash Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -26867.58% | E |
| OCF YoY | 4.26% | C |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.46 | C |

#### Debt Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 96.80% | E |


```chart-data:radar
{
  "title": "Longbridge Financial Score - Hainan Airlines Holding",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-5.12%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-0.37%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "18.64%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "4.26%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "-115.45%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "2.37%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "20.62%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "D",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-26867.58%",
          "rating": "E"
        },
        {
          "name": "OCF YoY",
          "value": "4.26%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.46",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "E",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "96.80%",
          "rating": "E"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 中国国航 (SH.601111) | D | C | C | E | B | C |
| 02 | 春秋航空 (SH.601021) | B | C | C | D | B | C |
| 03 | 吉祥航空 (SH.603885) | C | C | C | E | B | C |
| 04 | 华夏航空 (SZ.002928) | B | B | D | E | B | C |
| 05 | 南方航空 (SH.600029) | D | C | C | E | D | D |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -330.70 | 8/8 | 53.50 | 52.18 | 50.21 |
| PB | 15.31 | 8/8 | 34.10 | 29.10 | 16.32 |
| PS (TTM) | 1.23 | 5/8 | 1.34 | 1.30 | 1.21 |
| Dividend Yield | 0.00% | - | - | - | - |

## References

- [Company Overview](https://longbridge.com/en/quote/900945.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/900945.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/900945.SH/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.