中国飞机租赁2025年报

24610142851727884929394959799194 581 (1)1231(2)=EBITDA/ 20251231 2025 5,015.120245,204.1338.531.5%2024257.50.45420240.34631.2% 0.1820250.1220250.3020240.30)2025 1) 20251230A320neo20251231282105 2) 7 3) C9092C909C9095 C90951020251231C90941249 C909C909 ––4C909–– 4) Ag–AAA 20252026 2026324 2025IATA)RPKs5.3%83.6%7.75.5%21.6% 2025 1. 1 OEM30A320neo203320251231130105A320neo25C909 2 26242 3 275365 4 202512311761492790%100%202512318.77.3 2. 2025123167.1%2415100% 20251231402020276 3. 195(PDP)202512313,518.0202412313,778.313,954.5202412319,624.6 5152025123133%2024123128% 2024720202581.62021 Ag–AAA 2026IATA20265220254.4%83.8%1.0544.5% 2026 2026324 1. 20255,015.120245,204.1189.03.6%2025375.32024325.649.715.3%2025338.52024257.581.031.5%2025EBITDA4,146.820245,038.4891.617.7% 2025123158,052.02024123158,239.7187.70.3% 2025123151,023.82024123152,911.51,887.73.6%1,522.52025123147,054.1202448,576.6 1.1 202512315,015.120245,204.1189.03.6% 1.1.1 202512313,787.320244,349.7562.412.9% 202512316.5%20247.5%9.4%202411.2%9.3%202411.1% 1.1.2 20251231334374.8202425211.111,312.220246,327.4 1.1.3 20251231 20251231273.72024316.242.513.4% 1.2 1.2.1 202512312,167.920242,710.6542.720.0%(i)(ii)20244.94%20254.18%(iii)5.14%20245.74% 20251231 1.2.2 202512311,457.520241,686.6229.113.6%2024123111020251231106 1.2.3 1.3 20251231179.42024 202412317.3202512317.0 20251231501%2025123156.0 1.5 20251231146.02024315.7 2. 2.1 2025123158,052.02024123158,239.7187.70.3% 2.1.1 20241231912025123196 20241231492025123143 2024123119202512318 20251231 2024123115920251231149 2025123142,293.0202442,812.4 2.1.2 2.1.3PDP PDPPDP 2.2 2025123151,023.82024123152,911.51,887.73.6% 2.2.1 2024123143,046.22025123139,765.03,281.27.6%(i)20241231159202512311492,559.9(ii)PDP1,497.4(iii)1,862.4 2.2.2 202412313,930.7202512315,410.4160.015.035.012.0 (a)(b)(c) 2.2.3 3. 20251231 4. 2025123117320241842025209.22024227.5 5. 5.1 1231300.0 20241231515.6196.0319.6 5.2 202512315102024451PDP 20251231130105A32025C909 2025123126 2025123135 27 202520251231 2025123193 20256 300.1289.8 2026626202512310.1820240.18202520254%(1)202652920262025(2) 2026720252026821 2026 (i)2026 (a)2026522430(b)20265262026529(c)2026529 (ii)2025 2026626 (c) 20261617 45 6 14202520242024202414 2025123118 20251231202.2.2 3944 20222124.4%2025212–– 20258CALC Bonds Limited20286.0%160,000,0005865202581420258152025811 20251231 95961538 202512312,453,362,00038 37(a)20251231 103,710 2026324 2025318 20263242025527 16.220263242026(i)20263203.09D(ii) 16.182026 20262015520262026324 20251231 13.51B(1) 2025112026324 20255272025527 20251231 2026 20251231 7883 3.1320263243.13 2025123135(a) 20251231XVXV78352C3 (1)L (2)20251231747,974,981 (3)185,827,261 (a)176,496,672CapellaCapital LimitedCapella Capital Limited50%50%(b)9,330,589Equal Honour Holdings Limited 20251231XV(i)XV78(ii)352352(iii) 18 2025123120251231XV23336 (1)L(2)20251231747,974,981(3)244,065,37339,352,320(4)Honorich Holdings Limited49.38%0.36%Honorich HoldingsLimited(3)(5)63.16%(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 20251231XV235% 20146232014711 202471020251120251231 2025123120251231 (1)20224650%20234650%202446 (2)2022460.3 5.3112.39%28.0%324.4%2.5 1.2.3. (3)20251231 (4)20251231 (5)202545 (6)20251231 17.07 (a) ••• (b) 121202246 20251231 20224617 (a) (b) (i)(ii)(iii)(iv)(v)(vi) (c) (i)(ii)(iii) (d) 1 (e) 10%58,578,1007.83%20254516,781,0712.24%2025123120251231 (f) 121% (g) 121 (i) 2024710 (j) 50% 2014630 5%30,000 4,773,000 25% 20251231 20251231201462320251231 76% 20251231(%) 5% 25 202512315% 2025 1. 201646Aircraft Recycling International Holdings LimitedARI HoldingsChina Aero Investments LimitedChina Aero(ARI HoldingsChina AeroARIARI20164620161114 20181015ARI(a)43(b)43(c)20192020202112311,300 2021126ARI2023123120212022202312311,500 20231027ARIARI Holdings202612312024202520261231650ZF Oriental 38 LimitedZF Oriental)20231027ARI Holdings850100%2024202520261231650(i)(ii)20231027 20231027ZF OrientalARIZF OrientalARICAAM20261231CAAM1.25680,000,000CAAMCAAM202411ARIZF Oriental202411ARIZF Investment 1Cayman LimitedZF Oriental202311292023102720231215202411 202310272023112920231215 48%18%14%14A.2714A.26 2. 201551420151214201648201810152021111120155142015630201512142016482016517201810152018112820211111202112242015615201642920181162021129 14A14A14A201563020165172018112820211224 202111112024123120241231 2025 14A.55 (a)(b)(c) •300074014A.56 202512313636 202632420251231 20251231 2024 2024102120241021 20241022 2025123120262026 2026324 20251231 C1202512 31 20251231 ESG2014ESG20152025ESGESG12 2025ESGESG(www.calc.aero)(www.hkexnews.hk)2025ESGC2 2025ESG 2026324 20263243.13 7883 2025112026324 202512312026324 A.2.1 1. 2. 3. 4. 5.C1 16.3 16.2 16