中国飞机租赁中期报告2024

2427404142434446 Maples Corporate Services LimitedPO Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands 翱 1632 www.calc.com.hk ir@calc.com.hk Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand CaymanKY1-1102Cayman Islands 1617 01848 MUFG Bank, Ltd. 2024IATA20246RPKs9.1%85%2019 20246302,528.18.7%20232,326.3131.72023201.20.17720230.270 0.1220230.1589.4 OEMsARJ21202463012910227Cirium2024630 12175202463019917227 202463090%202463020246308.15.9 202463068%101.3% 20246 304222202512 170PDP20246306,114.52,299.48,413.9 335122.75%3.3%202463027%2024341.48914.9 IATA620249,9609.7%2024274305OEMs 2024 1. 20246302,528.12,326.3201.88.7%2024630185.62023630306.92024630131.72023630201.22024630EBITDA2,481.320236302,284.6 202463063,996.92023123159,824.74,172.27.0%202312311652024630172 202463058,945.82023123154,684.74,261.17.8%5,546.8202463048,458.62023123142,911.8 1.1 20246302,528.12,326.3201.88.7% 20246302,222.520236302,056.5166.08.1%202312311652024630172 20246309.5%202363014.1%10.2%202363011.1%10.1%202363011.3% 1.2 1.2.1 202463025.4202363044.7507.42023630438.2 1.2.2 2024630 2024630113.12023630100.113.013.0% 1.3 1.3.1 20246301,340.11,075.9264.224.6%202363052,453.1202463054,771.120236305.09%20246305.33%5.92%20236305.72% 2024630 1.3.2 2024630839.7748.091.712.3%202312311132024630119 1.3.3 2024630 1.3.4 1.4 202312317.120246307.3 202463099202024630795%2024630422.3 1.5 2024630115.8153.8 2. 2.1 202463063,996.92023123159,824.74,172.27.0% 2.1.1– 202312311132024630119 2023123148202463047 2024630202312312024630 – –202312311652024630172 202463046,905.52023123142,826.9 2.1.2 2.1.3PDP PDPPDP 2.1.4 2024630418.220231231448.630.46.8% 2024630101.3%2023630100.6% 2.2 202463058,945.82023123154,684.74,261.17.8% 2.2.1 2023123142,911.8202463048,458.65,546.812.9%202312311652024630172 2.2.2 202312315,943.520246304,690.9148.9 (a)(b)(c)(d)8.6 2.2.3 (i)14.9(ii)202463015 3. 2024630 4. 202463018320236301832024630122.1202363077.8 5. 5.1 2024630546.420231231564.1209.620231231217.0336.820231231347.1 5.2 20246 30482202312 31528PDP 2024630129102A32027ARJ21 202463012 2024630 2326 20231231EBITDA20242023630CAG 2024630XVXV78352C3 (1)L(2)2024630744,355,352(3)185,827,261(a)176,496,672Capella Capital LimitedCapella Capital Limited50%50%(b)9,330,589Equal Honour Holdings Limited 2024630XVi)XV78ii)352iii) 202463018 20246302024630XV23336 (1)L(2)2024630744,355,352(3)244,065,37339,352,320(4)Honorich Holdings Limited49.39%0.35%Honorich HoldingsLimited(3)(5)63.16%100%(3)(4)(6)CapellaCapella(7)Capella50%50%(6)(8)185,827,261(a)176,496,672Capella Capital LimitedCapella Capital Limited50%50%(b)9,330,589Equal Honour Holdings Limited 2024630XV235% C1 2024630 F.2.2翱2024521 2024630 201393.21D.3 20231231 •20231231•20231231••20231231 2024630 •2024630•2024630 20246302024630 201393.25E.1 20139B.3 20146232014711 20241128,017,900 202463030,761,8292024710 20246302024630 #20245212024319 (1)20224650%202346202446 (2)202246(i)(ii)0.3 5.312.39%8.0%24.4%2.5 1.2.3. 2024630 (4)2024630 (6)2024630 17.07 (a) ••• (b) 121202246 202463017,281,07117,281,07120246302024630744,355,3522.32% 20224617 13.51B(1) 13.51B(1) 翱20244 3Ying Li International Real Estate Limited5DM.SGX 601788.SH6178.HK2024528Ying Li International Real Estate Limited5DM.SGX202443 762.HK2024410343.HK202456 2024521 202431920241231312,00018,0002024319 202479202479 13.51B(1) 202486202512202486 2024630 202491120246300.1220230.1520242024107 202499202491120249112024961617 202438CALC Bond 3 Limited05391200,000,0005.50%2024CALC 3148,880,000CALC 3CALC 3CALC 3 2024414.9 2024630 2024630 20246305%2024630 2024823 630 630 1 201212212012Maples Corporate Services Limited, P.O. Box 309,Ugland House, Grand Cayman KY1–1104, Cayman Islands2014711 2024630 2 34202312312023 202463011,630.3202463048,214.920288,315.720246306,114.5 2024630 2 –PDP20242024630185,686.020246302024630 –2024630PDP3,223.3 2024630PDPPDPPDPPDP2024630PDP20246307,067.4PDP2024630PDP2024630PDPPDP 2 –202463013,691.111,893.11,798.0 –202443122024230 –20246301620246302024630 2024630 3 20231231 202411 –1–5–77 4 20231231 5 5.1 20231231 20231231 5 5.1 5.1.1 (a) 26 2023123115,684,000122,462,00019(a) 5 5.1 5.1.1 (a) 202420236305% (b) 202463020231231 5 5.1 5.1.1 (b) 2024630102023123118 2024630502024630106,414,000202363033,418,00018,046,000202312316,387,000 5 5.1 5.1.1 (b) 50 20213FCA202112312023630 939 20231231 5 5.1 5.1.2 (d) 20 (a) – – (b) (c) 9 5 5.1 5.1.2 (c) 202463012,185,000202312316,920,0008201,217,00020231231203,556,00010(b) 5 5.1 5.1.2 (c)( (d) 2024630810(b)21 73031 5 5.1 5.1.2 730 5 5.1 5.1.3 5 5.1 5.1.3 202463016320231231162812023123176PDP1920231231166320231231701136202312313531(d)2024630PDP 5 5.2 2024630 5 5.3 ••• 5 5.3 5 5.3 2024630CAG CAG 5 5.3 2024630 5 5.3 20246301,922,237,00020236301,759,898,000 20246 3035,9