Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
HNA Group's revenue for 2011 exceeds RMB 100 bln

Jan. 13, 2012 (China Knowledge) - HNA Group, the parent company of Hainan Airlines Co Ltd<600221><900945>, the fourth-biggest carrier in the country, said yesterday at 2011 annual conference that its operating revenue reached more than RMB 100 billion last year, 35% more than RMB 64.7 billion in 2010.

As of December 31, 2011, the large-scale group had over RMB 260 billion in assets, more than RMB 201.46 billion the company had at the end of 2010.

Board Chairman Chen Feng said the group has sufficient funds with debt/asset ratio remaining below 80%, adding that nearly 200 small and unprofitable branches were shut down last year to optimize the group's debt structure.

At the end of last year, HNA Group, which principally operates the businesses of aviation, logistics and finance, had about 350 aircraft with passenger throughput totaling 38.8 million in the year. The company had also owned 35 vessels as of December 31, 2011 with a total capacity of 1.9 million dead weight tons.

About 388 department stores are operated by HNA Group, sources reported.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved