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Hong Kong Exchanges and Clearing Limited and the Stock 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. THIRD QUARTERLY REPORT OF 2013 Summary The 2013 third quarterly financial report of China Southern Airlines Company Limited (the “Company”) was prepared in accordance with the PRC Accounting Standards and was unaudited. This announcement is published pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited. 1 1 Important Notice 1.1 The board of directors (the “Board”) and the supervisory committee of the Company and its directors (the “Directors”), supervisors and senior management warrant the truthfulness, accuracy and completeness of the content contained in this quarterly report, and the report does not contain inaccurate or misleading statements or material omission, and jointly and severally accept full legal responsibility. 1.2 All the Directors attended the Board meeting to consider the quarterly report. 1.3 Name of the Principal of the Company Mr. Si Xian Min (Chairman) Mr. Tan Wan Geng (President of the Name of the Chief of Accounting Work Company) and Mr. Xu Jie Bo (Chief Financial Officer of the Company) Mr. Lu Hong Ye (General Manager of Name of the Chief of the Accounting Department the Finance Department of the Company) The Principal of the Company, Mr. Si Xian Min (Chairman), the Chief of Accounting Work, Mr. Tan Wan Geng (President of the Company) and Mr. Xu Jie Bo (Chief Financial Officer of the Company), and the Chief of the Accounting Department, Mr. Lu Hong Ye (General Manager of the Finance Department of the Company) warrant the truthfulness, accuracy and completeness of the financial report contained in this quarterly report. 1.4 The financial report contained in this third quarterly report of the Company is unaudited. 2 Major accounting data and changes of shareholders of the Company 2.1 Major accounting data (Unit: Million Currency: RMB) Increase/decrease recorded at the end of the At the end of the At the end of the reporting period reporting period previous year as compared to the end of the previous year (%) Total assets 163,190 142,494 14.52 Net assets attributable to the 34,707 32,740 6.01 shareholders of the Listed Company Amount from the Amount from the Increase/decrease beginning of the beginning of last recorded in the year to the end of year to the end of reporting period the reporting the corresponding as compared to period ( from reporting period the corresponding January to of last year (from period of the previous year (%) September) January to 2 September) Net cash flow from operating 11,253 11,568 -2.72 activities Amount from the Amount from the beginning of last Increase/decrease beginning of the year to the end of recorded in the year to the end of the corresponding reporting period the reporting as compared to reporting period period ( from the corresponding of last year (from January to period of the January to previous year (%) September) September) Operating revenue 74,424 77,872 -4.43 Net profit attributable to the 2,460 2,665 -7.69 shareholders of the Listed Company Net profit attributable to the shareholders of the Listed Company 2,418 2,584 -6.42 after deducting non-recurring gains and losses Weighted average return on net Decreased by 7.29 8.19 assets (%) a percentage of 0.9 Basic earnings per share 0.25 0.27 -7.41 (Yuan/share) Diluted earnings per share 0.25 0.27 -7.41 (Yuan/share) Deducting non-recurring items and amount : (Unit: Million; Currency: RMB) From the beginning of the Reporting period year to the end of the Items (July to September) reporting period (January to September) Gains / Losses on disposal of non- 3 8 current assets Other non-operating income and -7 54 expenses in addition to the above Effect of income tax -17 Effect on minority interests (after -3 tax) Total -4 42 2.2 Number of shareholders, particulars of the top ten shareholders and the top ten shareholders holding the Company’s tradable shares not subject to selling restrictions as at the end of the reporting period Unit: Share Total number of shareholders at the end of the reporting period(shareholders) 258,507 Particulars of the top ten shareholders Number of shares Number of Name of the Shareholding Number of Capacity subject to shares pledged shareholder (%) shares held trading or frozen restrictions 3 China Southern Air Holding Company State 42.27 4,150,050,000 123,900,000 No (“CSAHC”) HKSCC Nominees Overseas legal 17.78 1,745,967,297 0 Not known Limited entity Nan Lung Holding State-owned 10.53 1,033,650,000 0 No Limited legal entity Anhui Conch Venture Investment Co., Domestic Non- Ltd. state-owned 2.04 200,238,198 0 Not known (安徽海螺創業投 legal entity 資有限責任公司) Zhong Hang Xin Gang Guarantee Domestic Non- Co., Ltd. state-owned 1.62 159,000,000 0 Not known (中航鑫港擔保有 legal entity 限公司) Wuhu Rui Jian Investment Consulting Co., Domestic Non- Ltd. state-owned 1.52 149,200,000 0 Not known (蕪湖瑞健投資諮 legal entity 詢有限公司) Zhao Xiaodong (趙 Domestic 1.51 148,657,028 0 Not known 曉東) Individual National Social Securities Fund Domestic Non- 501 Group state-owned 0.25 24,652,295 0 Not known (全國社保基金五 legal entity 零一組合) Bank of China Limited – Jiashi Shanghai and Shenzhen 300 Indext Trading Securities Domestic Non- Investment state-owned 0.20 20,010,685 0 Not known Fund(中國銀行股 legal entity 份有限公司－嘉實 滬深 300 交易型開 放式指數證券投資 基金) Guoyuan Securities Co., Ltd. Agreed Repurchase Domestic Non- Securities Trading state-owned 0.20 19,391,000 0 Not known Special Securities legal entity Account (國元證 券股份有限公司約 定購回式證券交易 4 專用證券賬戶) Particulars of the top ten shareholders holding the Company’s tradable shares not subject to trading restrictions Type of shares Number of tradable shares not subject to selling Name of the shareholder (in full) restrictions held at the end of the reporting period RMB Ordinary CSAHC 4,026,150,000 shares Overseas listed HKSCC Nominees Limited 1,745,967,297 foreign shares Overseas listed Nan Lung Holding Limited 1,033,650,000 foreign shares RMB Ordinary Anhui Conch Venture Investment Co., Ltd. 200,238,198 shares RMB Ordinary Zhong Hang Xin Gang Guarantee Co., Ltd. 159,000,000 shares RMB Ordinary Wuhu Rui Jian Investment Consulting Co., Ltd. 149,200,000 shares RMB Ordinary Zhao Xiaodong 148,657,028 shares RMB Ordinary National Social Securities Fund 501 Group 24,652,295 shares Bank of China Limited – Jiashi Shanghai and RMB Ordinary Shenzhen 300 Indext Trading Securities 20,010,685 shares Investment Fund Guoyuan Securities Co., Ltd. Agreed Repurchase RMB Ordinary Securities Trading Special Securities Account 19,391,000 shares Nan Lung Holding Limited is incorporated in Hong Kong and a wholly-owned subsidiary of CSAHC. The Company is not aware of any other connected relationship between other Explanation of the connected relationship and shareholders. The H shares held by HKSCC concerted action of the above shareholders Nominees Limited include the 31,120,000 H shares of the Company held by Yazhou Travel Investment Company Limited, a third level subsidiary of CSAHC incorporated in Hong Kong. §3 Major Events 3.1 Significant changes in major accounting items and financial indicators of the Company and the reasons for such changes √Applicable □Not applicable 3.1.1. Significant changes in major items in consolidated balance sheet: Unit: million Currency: RMB 5 Balance at the end of the Balance at the Increase/ Main reason(s) for the Items reporting end of the decrease change period previous year percentage Prepayments 1,280 861 48.66% Mainly due to the increase in operating lease, related tariffs and purchase of aircraft parts. Other current 190 501 -62.08% Mainly due to the reduction of assets treasury bond investment held by Xiamen Airline. Short-term 14,912 10,719 39.12% Mainly due to the increase in borrowings short-term loans for the expansion of business in the reporting period. Taxes payable 1,003 657 52.66% Mainly due to the increase in the accrual of Corporate Income Tax payables. Long-term 29,666 19,371 53.15% Mainly due to the addition of payables finance-leased aircrafts in the reporting period. 3.1.2. Significant changes in major items in consolidated income statement: Unit: million Currency: RMB Amount Amount during the during the corresponding reporting reporting Increase/decrease Main reason(s) for the Items period period of the percentage change (January previous to year(January September to September 2013) 2012) Business taxes and Mainly due to the change of surcharges applicable taxes levied on airline business from Business taxes to Value-added taxes 202 2,165 -90.67% (“VAT”), which was set off against revenue directly in the reporting period. Financial expenses Mainly due to the foreign exchange gains arose from appreciation of RMB against -703 1,431 -149.13% US dollar and Japanese yen in the reporting period. 3.1.3 Significant changes in major items in consolidated cash flow statement: Unit: million Currency: RMB 6 Amount during the Increase/ Amount during corresponding Main reason(s) for the Items decrease the reporting reporting period change ratio period (January of the previous to September year(January to 2013) September 2012) Other cash received Mainly due to the from operating decrease in government activities 536 1,073 -50.05% grants received in the reporting period.
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