China Southern Airlines : THIRD QUARTERLY REPORT OF 2020

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THIRD QUARTERLY REPORT OF 2020

Summary

The 2020 third quarterly financial report of China Southern Airlines Company Limited (the "Company", together with its subsidiaries, the "Group") 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.

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1 Important Notice

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.
2. All Directors attended the meeting of the Board and considered the quarterly report of the Company.
3. The responsible person of the Company, Mr. Wang Chang Shun (Chairman), the responsible person of the finance work of the Company, Mr. Ma Xu Lun (Vice Chairman and President of the Company), and the responsible person of the accounting department, Ms. Wu Ying Xiang (Executive Vice President of the Company) warrant the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.
4. The 2020 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
		30 September 2020	31 December 2019	Increase/ (decrease)
				(%)
Total assets	315,491	306,646	2.88
Total equity attributable to	72,091	63,863	12.88
shareholders of the Company
		Nine months ended	Nine months ended	Increase/ (decrease)
		30 September 2020	30 September 2019	(%)
Net cash flows from operating	3,977	24,776	-83.95
activities
		Nine months ended	Nine months ended	Increase/ (decrease)
		30 September 2020	30 September 2019	(%)
Operating revenue	65,350	116,665	-43.98
Net profit attributable to the	-7,463	4,078	-283.01
shareholders of the Company
Net profit attributable to the	-7,816	3,601	-317.05
shareholders of the Company
after deducting non-recurring
gains and losses
Weighted average return on net	-11.20	6.26	Decreased by 17.46
assets (%)			percentage points
Basic earnings per share	-0.55	0.33	-266.67
(RMB/share)
Diluted earnings per share	-0.55	0.33	-266.67
(RMB /share)
Non-recurring gains and losses
		2

√Applicable □Not applicable
	Unit: Million	Currency: RMB
			Amount for the
			period from the
	Amount for the		beginning of the
Items	reporting period		year to the end of
(July to		the reporting
	September 2020)		period
			(January to
			September 2020)
Gains or losses on disposal of non-current assets	37		118
Government grants recorded in the income statement for the	11		24
current period (exclusive of government grants which are
closely related to the business of the Company and entitled
pursuant to unified standard quota or amount under the
government policy)
Gains or losses from changes in fair value of other non-	-4		-10
current financial assets
Other non-operating income and expenses besides items	115		466
above
Effect on non-controlling interests after taxation	-10		-96
Effect of income tax	-40		-149
Total	109		353

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2.2 Total 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 (shareholders)						233,457
	Particulars of the top ten shareholders
						Pledged or frozen
						shares
	Number of				Number of
Name of the	shares held as		Shareh	shares
at the end of		olding	subject to		Number	Capacity
shareholder (in full)
the reporting		(%)	trading	Status	of
	period				restrictions		shares
China Southern					2,942,637,			State-owned
Air Holding	6,981,865,780		45.55	No	0
	115	legal entity
Company Limited
Nan Lung Holding	2,243,271,577		14.63	1,209,621,	No	0	State-owned
Limited		577	legal entity
HKSCC Nominees	1,750,491,857		11.42	-	Not	-	Overseas
Limited						known		legal entity
Hong Kong Securities								Overseas
Clearing Company	579,687,575		3.78	0	No	0
Limited								legal entity
China National								State-owned
Aviation Fuel Group	490,980,970		3.20	0	No	0
	legal entity
Corporation
China Securities								State-owned
Finance Corporation	320,484,156		2.09	0	No	0
	legal entity
Limited
American Airlines, Inc	270,606,272		1.77	0	No	0	Overseas
	legal entity
China Structural	242,524,916		1.58	0	No	0	State-owned
Reform Fund Co., Ltd.								legal entity
								Domestic
Spring Airlines Co.,	140,531,561		0.92	0	No	0	non-State-
Ltd.								owned legal
								entity
Guo Xin Central								Domestic
Enterprise Operation								non-State-
Investment Fund								owned legal
Management								entity
(Guangzhou) Co., Ltd.	70,006,275		0.46	0	No	0
- Guo Xin Central
Enterprise Operation
(Guangzhou)
Investment Fund
(LLP)
	Particulars of the top ten shareholders holding
the Company's tradable shares not subject to trading restrictions

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