April 30，HNA Holdings (600221) releases 2019 financial report。Data display，2019，HNA Holdings turns losses into profits，Achieve attributable net profit 5.4.3 188bet Live Casino，Loss 35 in the same period last year.9.1 188bet Live Casino，Realized revenue 723.8.9 188bet Live Casino，Year-on-year growth of 6.83%，Loss after non-net profit narrowed to 23.6.7 188bet Live Casino，Loss of 40 in the same period last year.8.5 188bet Live Casino。

Returning to losses last 188bet Live Casino, both jet fuel costs and exchange losses dropped

Currently，The main business of HNA Holdings is still air passenger transportation。Last year，The company’s main business income achieved 670.5 188bet Live Casino，YoY growth 3.98%，But operating costs increased by 3% year-on-year.99% to 645.9.8 188bet Live Casino，Resulting in a year-on-year decrease in gross profit margin of 0.01% to 3.66%。

Look at the details，The operating income of passenger transportation business is 643.3.6 188bet Live Casino，YoY growth 3.14%，Business income from cargo, mail and excess baggage is 24.7.5 188bet Live Casino，27 year-on-year increase.05%。During the reporting period，HNA Holdings and its subsidiaries have received a total of 20 route subsidies.0.4 188bet Live Casino。

2019，188bet Live Casino’ jet fuel costs and exchange losses have both declined。

Last year，HNA Holdings’ jet fuel cost is 202.4.4 188bet Live Casino，30% of total cost.21%，Decreased by 1 year-on-year.55%，The same period last year was 205.6.4 188bet Live Casino，32% of operating costs.74%；Exchange loss is 7.6.2 188bet Live Casino，17 in the same period last year.1 188bet Live Casino。

Going further and further on the road of “selling, selling, selling”，Will continue to dispose of non-aviation main business assets

PricewaterhouseCoopers said，As of December 31, 2019，HNA Holdings’ current liabilities exceed current assets by 700.1.4 188bet Live Casino，2019，Partial loan from HNA Holdings、Financial lease payments and asset securitization project payables failed to repay part of the principal and interest on time as stipulated in the relevant agreement，And trigger other borrowings、Financial lease payment、Asset securitization projects and related default clauses of bonds。HNA Holdings has totaled RMB 460 in long-term liabilities related to the above matters.9.4 188bet Live Casino is listed as non-current liabilities due within one year。

Data display，As of the end of 2019，The total assets of HNA Holdings are 1965.3.5 188bet Live Casino，Total liabilities are 1344.2.8 188bet Live Casino，Asset-liability ratio 68.40%，The same period last year was 66.42%。where，Non-current liabilities due within one year are 660.4.2 188bet Live Casino，684 in the same period last year.5 188bet Live Casino；Short-term borrowing is 287.2.1 188bet Live Casino，Current liabilities are 1202.4.6 188bet Live Casino。

HNA Group said，As of the date of issuance of financial report，For the above-mentioned loans and other liabilities that have not been repaid on time，The company has fully communicated with various banks and other financial institutions，Financial institutions will not require early repayment of undue loans。As of reporting date，The company has approximately 30 unused credits in various financial institutions.0.5 188bet Live Casino，Can effectively supplement the company’s working capital loan needs。

Last year，The net cash flow generated by HNA Holdings’ operating activities increased by 48% year-on-year.87% to 137.3.3 188bet Live Casino，Mainly due to the extension of the settlement cycle of operating accounts；The net cash flow generated from investing activities is -301.7.3 188bet Live Casino；Net cash flow from financing activities is -60.8.7 188bet Live Casino，Mainly caused by the company’s repayment of maturing bonds。

During the reporting period，HNA Holdings disposed of multiple assets，Going further and further on the road of “selling, selling, selling”。October 16 last year，HNA Holdings transfers 48% of Tianjin Airlines’ equity to HNA Group，Total transaction amount 66.8.5 188bet Live Casino。Annual report display，The current profit and loss from the disposal of Tianjin Airlines is 22.3.1 188bet Live Casino。

Also，The company disposed of the equity of its wholly-owned subsidiary Hainan Airlines Civil Aviation Investment Limited during the reporting period，With 13.Transferred its holding subsidiary Beijing Guosheng 75 to Wanhou Delta at a price of RMB 0.4 188bet Live Casino10% equity，Dispose of them separately、25 aircraft sold。

As of the end of 2019，188bet Live Casino operates a total of 361 aircraft，Includes 278 Boeing series aircraft、65 Airbus series aircraft and 18 Bagong series aircraft。

March this year，Joint working group stationed at HNA Group，Assist in promoting risk management of HNA Group, the controlling shareholder of HNA。188bet Live Casino said，2020，The company will reduce production costs with the full assistance of the joint working group、Accelerate the disposal of non-aviation main business assets。Combined name，Innovate to expand financing channels，Reasonable replacement of long-term and short-term debts，Optimize debt structure，Apply for a new credit line from a financial institution，Strive for more direct financing and bank loans from the capital market。

Same day，HNA Holdings releases 2020 first quarter report，Data display，First quarter of this year，HNA Holdings achieved operating income of 68.8.9 188bet Live Casino，63 year-on-year decrease.03%；Attributable net profit loss 62.9.5 188bet Live Casino，652 decrease year-on-year.14%。

188bet Live Casino said，Since early 2020，The novel coronavirus pneumonia epidemic is spreading rapidly around the world，Governments of various countries have successively introduced a series of transportation restrictions and isolation measures to prevent the spread of the epidemic，Passengers’ demand and willingness to travel have dropped significantly，Having a greater impact on the air transportation industry in which the group operates。The epidemic is expected to have a significant negative impact on the cash flow generated by the group’s operating activities in 2020 and there is great uncertainty。Performance is expected to improve in the second quarter，But losses will continue。

*Source of this article: Beijing News，Author: Zhang Zeyan，Original title:《188bet Live Casino turned a profit last year and will continue to sell and dispose of non-aviation core assets》.