---
title: "海航控股 (600221.SH) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/600221.SH/norm.md"
symbol: "600221.SH"
name: "海航控股"
parent: "https://longbridge.com/zh-HK/quote/600221.SH.md"
datetime: "2026-05-19T21:46:19.229Z"
locales:
  - [en](https://longbridge.com/en/quote/600221.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600221.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600221.SH/norm.md)
---

# 海航控股 (600221.SH) — 財務報表

## 損益表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 每股收益 | 0.0399 | -0.0204 | 0.0662 | -0.0049 | 0.0063 |
| ROE | 112.95% | -65.02% | 280.74% | -34.00% | 45.60% |
| 營業收入 | 18.47B | 15.03B | 20.35B | 15.48B | 17.60B |
| 凈利潤 | 1.73B | -865.32M | 2.79B | -215.33M | 272.27M |
| 營業利潤 | 1.67B | -876.54M | 3.32B | 628.89M | 1.08B |
| 毛利率 | 11.87% | -5.63% | 18.64% | 2.72% | 10.25% |
| 凈利率 | 9.34% | -5.76% | 13.70% | -1.39% | 1.55% |
| 利潤含金量 | 39.12% | -18.59% | 58.18% | 23.79% | 36.13% |

## 資產負債表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 150.17B | 152.29B | 149.57B | 142.44B | 139.79B |
| 權益乘數 | 21.30 | 28.34 | 31.21 | 79.66 | 79.69 |
| 每股凈資產 | 0.1609 | 0.1218 | 0.1245 | 0.0593 | 0.0579 |
| 資產周轉率 | 0.4783 | 0.4658 | 0.4563 | 0.4741 | 0.4756 |
| 現金及短投 | 12.07B | 14.30B | 16.04B | 11.82B | 10.54B |
| 存貨與應收 | 2.53B | 2.35B | 2.43B | 2.28B | 2.19B |
| 長期投資 | 87.39B | 87.87B | 83.24B | 81.72B | 81.06B |
| 凈債務 | 95.84B | 94.40B | 91.95B | 94.56B | 95.42B |

## 現金流量表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | 4.27B | 4.72B | 5.71B | 2.64B | 2.98B |
| 投資現金流 | -48.34M | -1.41B | -706.07M | -187.34M | -114.61M |
| 融資現金流 | -2.93B | -4.67B | -3.19B | -2.31B | -2.36B |
| 自由現金流 | -3.68B | 12.72B | -3.58B | 6.18B | -3.20B |
| 現金流充裕率 | 325.54% | 33.66% | -157.84% | 41.83% | 827.23% |
| 舉債與償債 | 1.07B | 1.51B | 62.63M | 1.10B | 37.44M |
| 資本支出 | -554.73M | -548.93M | -930.38M | -489.74M | -219.65M |

## 分紅方案

### 分紅歷史

| 描述 | 登記日 | 除息日 | 付息日 |
|-------------|-------------|---------|--------------|
| 1股派息 
0.018人民幣 | 2018-05-30 | 2018-05-31 | 2018-05-31 |