资源描述
SAC S0850512070003 SAC S0850520060002 2024 6 30 20063 1.1 19 2 Q1 3 Q1 2.1 2 3.2 WUCXzQmRpMmNrPpMqNtMoP7NbP9PnPnNnPrNfQnNoRkPnNmN7NrRuMwMnOnRwMqRuN3 Wind 24 1-5 27.9%/41.0%7.6 81.7%2019 4.1%/2.97%1.1 2024 1-5 1.24 1-5 19 4 Wind 24 1-5 2019+16.9%/+10.7%79.8%19 4.5 19 61.3%33.5%91.4%86.2%19 18.2%18.5%19.8%19 1.1/0.3 2024 1-5 1.19 AyZsswSJidNuLvlZ/L3wNUnPyPSCGvG90wyKf2tEx5t0/pE9vf0BLuiew7jGYOmG 5 Wind 24 1-5 2019-21.9%/-23.8%78.1%19 2.0 24 1-5 2019-18.8%/-25.7%74.1%19 6.8 2024 1-5 1.6 2024 2019 1.7 Wind 24 Q1 4.42%9.92%19 31.33%1.Q1 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1/4756 5069 4884 4956 4732 2144 2833 2679 3522 4111 4518 5151 5462 7933 8736 7910 6946 6073 6525 7568 6664-19.9%6.6%-3.6%1.5%-4.5%-54.7%32.1%-5.4%31.5%16.7%9.9%14.0%6.0%45.2%10.1%-9.5%-12.2%-12.6%7.4%16.0%-11.9%6.75 6.82 6.99 7.03 6.97 7.08 6.92 6.62 6.48 6.46 6.47 6.39 6.35 6.61 6.83 7.09 6.84 7.01 7.17 7.14 7.10-1.9%2.1%2.9%-1.4%1.6%-0.1%-3.8%-4.2%0.7%-1.7%0.4%-1.7%-0.4%5.7%5.8%-1.9%-1.3%-5.2%0.6%-0.4%-0.6%(USD/RMB)/USD/RMB 8 Wind 3 Q1 24Q1 19+23%/+10%/+19%/+42%/+38%/-6%-17/-8/8/8/4/7 19 1.24Q1 9 Wind RPK 19 19 77.12%/8.14%19 1.24 Q1 2024 Q1 2024 Q1 2019Q1 2024Q1 vs2019 2019Q1 2024Q1 vs2019 2019Q1 2024Q1 vs2019 2019Q1 2024Q1 vs20190.49 0.58 19.31%0.33 0.45 35.56%0.40 0.46 16.04%0.07 0.02-77.56%0.55 0.56 1.64%0.39 0.43 10.33%0.46 0.45-0.70%0.06 0.02-68.00%0.54 0.60 10.37%0.38 0.44 15.52%0.45 0.50 10.54%0.07 0.05-18.22%0.50 0.60 20.70%0.38 0.42 10.92%0.42 0.49 17.32%0.04 0.07 77.12%0.39 0.42 7.13%0.30 0.31 5.50%0.36 0.38 5.96%0.06 0.07 8.14%0.49 0.49 0.64%0.34 0.34 1.64%0.41 0.42 0.93%0.08 0.07-2.29%10 20 21 22-23 2.2019 3 737MAX 19 18 11 737max 2019 2019 179 18 2020 21 19 22 23 22 59 23 32 24 1-5 22 24-25 2.CNN 12 24 4 23 9 24 4 100 C919 2023 12 31 905 9.36 782 8.7 908 9.2 2.13 3.21 5.12 2020-2022 2.14 2023 1-24 5 23 12708.9 2019 667.5 6.2%24 5 799.9 2019 682.8 17.15%23 1-24 5 4 9 10 24 25 2.Wind 15 23 12 170.0 19 63.13%24 5 207.6 19 79.18%23 10 27 23 11 9 35 24 24 2 26 7 2020-6-1 2024 3 31 50 2.0%20%40%60%80%100%120%1 2 3 4 5 6 7 8 9 10 11 12 2020vs2019 2021vs2019 2022vs20192023vs2019 2024vs2019 16 2019 0.47 2.82 2019 0.47 2025 0.67 25 9.3 19 40.9%19-25 5.9%15-19 10.9%2.024682000200120022003200420052006200720082009201020112012201320142015201620172018201920202021 17 2013 2019 5658.5 11705.3 20.5%33.1%2022 30.3%2023 36.03%2019 33.1%2.2023 1-24 3 2019 18 2024 6 28/2.6x/2.0 x/2.5x/6.0 x/3.0 x/2.3x/2.3x2024E PB 3.2024E 2025E Wind 2024 6 28 Wind A 19 19.9%3.2024 20.4%24.2%24 20 SAC S0850512070003 021-23219382 Email SAC S0850520060002 021-23219442 Email 21 1.6 6 2.A 500 10%-10%10%-10%6 10%-10%10%-10%22
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