CHKIF 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

FORM 6-K

Report ofForeign Private Issuer

Pursuant to Rule 13a-16 or15d-16 of

the Securities Exchange Act of 1934

May 2, 2023

CHINASOUTHERN AIRLINES COMPANY LIMITED

68 Qi Xin Road

Guangzhou, 510403

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

China Southern Airlines Company Limited (the “Company”) published the following announcement on April 28, 2023 on the Hong Kong Stock Exchange’s website at:

https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0428/2023042803707.pdf, in relation to the first quarterly report of 2023.

The announcement in English is included as an exhibit to this Form 6-K.

Certain statements contained in these announcements may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements. All information provided in this announcement is as of the date of this announcement, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CHINA SOUTHERN AIRLINES COMPANY LIMITED
By:	/s/ Chen Wei Hua and Liu Wei
Name: Chen Wei Hua and Liu Wei
Title: Joint Company Secretaries

Date: May 2, 2023

EX-99.1

Exhibit 99.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make norepresentation 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.

FIRST QUARTERLY REPORT OF 2023

Summary

The quarterly financial report for the first quarter of 2023 (i.e. the three months ended 31 March 2023, the “reporting period”) 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 Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

IMPORTANT NOTICE:

The board of directors (the “Board”) and the supervisory committee of China Southern Airlines Company Limited (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.

The responsible person of the Company, Mr. Ma Xu Lun (Chairman), the responsible person of the accounting of the Company, Mr. Yao Yong (Executive Vice President, Chief Accountant and Chief Financial Officer of the Company), and the responsible person of the accounting department, Ms. Mao Juan (General Manager of Finance Department) warrant the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.

Whether the First Quarterly Financial Statements have been audited

☐  Yes    √  No

• 1 -

I.	MAJOR ACCOUNTING DATA
(I)	Principal accounting data and financial indicators
---	---

Unit: Million    Currency: RMB

Items		The reporting<br>period			Change as compared with the<br>corresponding period<br>last year (%)
Operating revenue			34,055			58.61
Net profit attributable to shareholders of the Company			-1,898			N/A
Net profit attributable to shareholders of the Company after deducting non-recurring gains and losses			-2,163			N/A
Net cash flows generated from operating activities			8,808			51,711.76
Basic earnings per share (RMB/share)			-0.10			N/A
Diluted earnings per share (RMB/share)			-0.10			N/A
Weighted average return on net assets (%)			-3.18			Increase by 2.36<br>percentage<br> <br>points
		As at the<br>end of the<br>reporting<br><br><br>period			As at the end<br>of last year			Change as<br>compared<br>with that of<br>the end of last<br><br><br>year (%)
Total assets			308,760			312,001			-1.04
Equity attributable to shareholders of the Company			39,159			41,057			-4.62

• 2 -

(II)	Non-recurring gains and losses

Unit: Million    Currency: RMB

Items		Amount for<br>the reporting<br>period
Gains or losses on disposal of non-current assets			160
Government grants recorded in the income statement for the current period, exclusive of government<br>grants which are closely related to the normal business of the Company and entitled pursuant to unified standard quota or amount under the government policy			142
In addition to the valid hedging business related to the company’s normal business<br>operations, the gains/losses from changes in fair value arising from the holding of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and investment income from the disposal of<br>trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and other investments in debt			28
Other non-operating income and expenses other than the<br>above			63
Less: Effect of income tax			48
Effect on non-controlling interests after<br>taxation			80
Total			265

Notes on defining any non-recurring gains and losses items as listed in the “The No. 1 Explanatory Announcement Regarding Information Disclosure for Companies Issuing Securities Publically – Non- Recurring Gains and Losses” as recurring gains and losses items

☐  Applicable     √  Not applicable

• 3 -

(III)	Changes to major accounting data and financial indicators and reasons

√  Applicable     ☐  Not applicable

Items		Percentage of<br>change (%)				Main reason(s)
Operating revenue			58.61			The aviation passenger transportation market has recovered and passenger transport revenue has<br>increased in the reporting period as compared with the same period last year.
Net profit attributable to shareholders of the Company			N/A			The aviation passenger transportation market has recovered and passenger transport revenue has<br>increased in the reporting period as compared with the same period last year, which results in a decrease in losses.
Net profit attributable to shareholders of the Company after deducting non-recurring gains and losses			N/A			The aviation passenger transportation market has recovered and passenger transport revenue has<br>increased in the reporting period as compared with the same period last year, which results in a decrease in losses.
Net cash flows generated from operating activities			51,711.76			The aviation passenger transportation market has recovered and passenger transport revenue has<br>increased in the reporting period as compared with the same period last year.
Basic earnings per share			N/A			The aviation passenger transportation market has recovered and passenger transport revenue has<br>increased in the reporting period as compared with the same period last year, which results in a decrease in losses.
Diluted earnings per share			N/A			The aviation passenger transportation market has recovered and passenger transport revenue has<br>increased in the reporting period as compared with the same period last year, which results in a decrease in losses.
Weighted average return on net assets			Increase<br>by 2.36<br>percentage<br> <br>points			The aviation passenger transportation market has recovered and passenger transport revenue has<br>increased in the reporting period as compared with the same period last year, which results in a decrease in losses.

• 4 -

II.	INFORMATION OF SHAREHOLDERS
(I)	Total number of ordinary shareholders and number of preference shareholders with restored voting rights andshareholdings of the top ten shareholders
---	---

Unit: Share

Total number of ordinary shareholders as at the end of the reporting period			139,577				Total number of preference shareholders<br>with restored voting rights as at the<br>end<br>of the reporting period (if any)										Not applicable
Shareholdings of the top ten shareholders
Name of shareholder		Capacity of shareholder				Total number of<br>shares held			Shareholding<br>percentage<br>(%)			Number of shares<br>subject<br>to trading<br>restrictions				Status of pledged,<br>marked or frozen shares
																Status of<br>shares			Number<br>of<br>shares
China Southern Air Holding Company Limited			State-owned legal entity				9,404,468,936			51.90			3,257,005,885				No			0
Nan Lung Holding Limited			State-owned legal entity				2,612,124,036			14.41			0				No			0
HKSCC Nominees Limited			Overseas legal entity				1,750,872,837			9.66			0				Not known			—
Hong Kong Securities Clearing Company Limited			Overseas legal entity				683,021,828			3.77			0				No			0
China Securities Finance Corporation Limited			State-owned legal entity				320,484,148			1.77			0				No			0
American Airlines, Inc			Overseas legal entity				270,606,272			1.49			0				No			0
China National Aviation Fuel Group Limited			State-owned legal entity				261,685,354			1.44			0				No			0
China Structural Reform Fund Corporation Limited			State-owned legal entity				72,077,475			0.40			0				No			0
Industrial Bank Co., Ltd. – Guangfa Ruiyi Leading Hybrid Securities Investment Fund			Domestic non-State-<br>owned legal entity				70,644,579			0.39			0				No			0
Spring Airlines Co., Ltd.			Domestic non-State-<br>owned legal entity				68,547,561			0.38			0				No			0

• 5 -

Particulars of the top ten shareholders not<br>subject to trading restrictions
Name of shareholder		Number of tradable<br><br><br>shares not subject to<br> <br>selling<br>restrictions		Type and number of shares
				Type of shares		Number of shares
China Southern Air Holding Company Limited		6,147,463,051		RMB ordinary shares			6,147,463,051
Nan Lung Holding Limited		2,612,124,036		Overseas-listed foreign shares			2,612,124,036
HKSCC Nominees Limited		1,750,872,837		Overseas-listed foreign shares			1,750,872,837
Hong Kong Securities Clearing Company Limited		683,021,828		RMB ordinary shares			683,021,828
China Securities Finance Corporation Limited		320,484,148		RMB ordinary shares			320,484,148
American Airlines, Inc.		270,606,272		Overseas-listed foreign shares			270,606,272
China National Aviation Fuel Group Limited		261,685,354		RMB ordinary shares			261,685,354
China Structural Reform Fund Corporation Limited		72,077,475		RMB ordinary shares			72,077,475
Industrial Bank Co., Ltd. – Guangfa Ruiyi Leading Hybrid Securities Investment Fund		70,644,579		RMB ordinary shares			70,644,579
Spring Airlines Co., Ltd.		68,547,561		RMB ordinary shares			68,547,561
Explanation of the related party relationship or concert party relationship of the above<br>shareholders		China Southern Air Holding Company Limited held in aggregate 2,648,836,036 H shares<br>of the Company through its wholly-owned subsidiaries in Hong Kong, namely Nan Lung Holding Limited and Perfect Lines (Hong Kong) Limited. The Company is not aware of any other related party relationship between other shareholders.<br><br><br><br> <br>The overseas-listed foreign shares among the<br>tradable shares not subject to the trading restrictions in the table above include 608,695,652 H shares and 368,852,459 H shares held by Nan Lung Holding Limited, a wholly-owned subsidiary of China Southern Air Holding Company Limited, the<br>controlling shareholder of the Company, in connection with the subscription of the Company’s 2020 non-public issuance of H shares and the subscription of the Company’s 2022 non-public issuance of H shares, respectively. Nan Lung Holding Limited undertakes not to trade or transfer the aforesaid H shares within 36 months from the completion date of subscription for the aforementioned H<br>shares.
Explanation on the top ten shareholders and the top ten shareholders not subject to trading<br>restrictions who have participated in the business of margin financing and securities lending and margin refinancing (if any)		Not applicable

• 6 -

III.	IMPORTANT INFORMATION

Other important information related to the Company’s business performance during the reporting period should be brought to the attention of the investors

√  Applicable     ☐  Not applicable

Status on the guarantees provided to the SPVs of the Company as of the date of this report:

No.		Established SPVs		Actually Provided<br><br><br>(Yes/No)		Guaranteed Amount(US100 million)
1		China Southern Airlines No. 1		Yes			1.50
2		China Southern Airlines No. 2		Yes			1.40
3		China Southern Airlines No. 3		Yes			3.28
4		China Southern Airlines No. 5		Yes			0.92
5		China Southern Airlines No. 6		Yes			0.35
6		China Southern Airlines No. 7		Yes			0.35
7		China Southern Airlines No. 8		Yes			0.35
8		China Southern Airlines No. 9		Yes			5.88
9		China Southern Airlines No. 10		Yes			5.17
10		China Southern Airlines No. 11		Yes			2.98
11		China Southern Airlines No. 12		Yes			0.25
12		China Southern Airlines No. 13		Yes			0.25
13		China Southern Airlines No. 14		Yes			0.33
14		China Southern Airlines No. 15		Yes			3.11
15		China Southern Airlines No. 16		Yes			5.26
16		China Southern Airlines No. 17		Yes			1.49
17		China Southern Airlines No. 18		Yes			2.50
18		China Southern Airlines No. 19		Yes			0.51
19		China Southern Airlines No. 20		Yes			0.51
20		China Southern Airlines No. 21		Yes			0.48
21		China Southern Airlines No. 22		Yes			0.48

All values are in US Dollars.

• 7 -

No.		Established SPVs		Actually Provided<br><br><br>(Yes/No)		Guaranteed Amount(US100 million)
22		China Southern Airlines No. 23		Yes			0.48
23		China Southern Airlines No. 24		Yes			2.78
24		China Southern Airlines No. 25		Yes			2.04
25		China Southern Airlines No. 26		Yes			4.73
26		Chongqing Airlines No. 1		Yes			3.52
27		Chongqing Airlines No. 2		Yes			0.32
28		Xiamen Airlines No. 1		Yes			0.66
29		Xiamen Airlines No. 2		Yes			0.10
30		Xiamen Airlines No. 3		Yes			0.09
31		Xiamen Airlines No. 4		Yes			0.19
32		Xiamen Airlines No. 5		Yes			0.19
33		Xiamen Airlines No. 6		Yes			0.20
34		Xiamen Airlines No. 7		Yes			0.11
35		Xiamen Airlines No. 8		Yes			0.19
36		Xiamen Airlines No. 9		Yes			0.19
37		Xiamen Airlines No. 10		Yes			0.19
38		Xiamen Airlines No. 11		Yes			0.19
39		Xiamen Airlines No. 12		Yes			0.08
40		Xiamen Airlines No. 13		Yes			0.19
41		Xiamen Airlines No. 14		Yes			0.18
42		Xiamen Airlines No. 15		Yes			0.18
43		Xiamen Airlines No. 16		Yes			0.09
44		Xiamen Airlines No. 17		Yes			0.09
Total		/		/			54.33

All values are in US Dollars.

• 8 -

Note		During the reporting period, pursuant to the authorization of the 2021 annual general meeting,Xiamen Airlines adjusted the guarantee limits of Xiamen Airlines No. 1, Xiamen Airlines No.3 and Xiamen Airlines No.17 to US$66 million, US$9 million and US$9 million, respectively, within the authorized guarantee limit ofRMB2,600 million or equivalent foreign currency.
		As at the end of reporting period, the total guarantee amounts actually provided for theaforementioned 44 SPVs by the Company and its subsidiaries, i.e. Xiamen Airlines and Chongqing Airlines, are US$5.433 billion (equivalent to approximately RMB37.334 billion, calculated based on the Renminbi central parity rate ofUS$1=RMB6.8717 published by the People’s Bank of China on 31 March 2023), which are within the scope of the authorized guarantee amount approved by the general meeting of the Company.
IV.	QUARTERLY FINANCIAL STATEMENTS
---	---
(I)	Type of audit opinion
---	---

☐  Applicable    √  Not applicable

(II)	Financial statements

Consolidated Balance Sheet

As at 31 March 2023

Prepared by: China Southern Airlines Company Limited

Unit: Million    Currency: RMB Audit type: Unaudited

Items		31 March 2023			31 December 2022
Current assets:							****
Cash at bank and on hand			19,269			20,240
Settlement provisions
Loans to banks and other financial institutions
Held-for-trading<br>financial assets
Derivative financial assets			2			2
Bills receivable
Accounts receivable			3,440			2,656
Receivables financing
Prepayments			757			619

• 9 -

Items		31 March 2023			31 December 2022
Premiums receivable
Reinsurance accounts receivable
Reinsurance contract reserves receivable
Other receivables			1,937			1,943
Including: Interest receivable
Dividends receivable
Financial assets purchased with agreement to resale
Inventories			1,535			1,387
Contract assets
Assets held for sale			26			26
Non-current assets due within one year			147			152
Other current assets			5,723			5,746
Total current assets			32,836			32,771
Non-current assets:							****
Loans and advances
Debt investments
Other debt investments
Long-term receivables			699			744
Long-term equity investments			6,290			6,205
Other equity instrument investments			659			659
Other non-current financial assets			50			49
Investment properties			372			341
Fixed assets			90,939			90,810
Construction in progress			33,750			33,322
Productive biological assets
Oil and gas assets
Right-of-use<br>assets			122,685			126,491
Intangible assets			6,449			6,547
Development expenses
Goodwill

• 10 -

Items		31 March 2023			31 December 2022
Long-term deferred expenses			605			624
Deferred tax assets			12,473			12,473
Other non-current assets			953			965
Total non-current assets			275,924			279,230
Total assets			308,760			312,001
Current liabilities:							****
Short-term borrowings			57,193			53,674
Borrowings from the central bank
Loans from other banks
Held-for-trading<br>financial liabilities
Derivative financial liabilities			1,681			1,708
Bills payable
Accounts payable			18,031			14,351
Advance payments received			4,515			3,383
Contract liabilities			1,548			1,496
Funds from selling out and repurchasing financial assets
Receipts of deposits and deposits from other banks
Accounts payable to brokerage customers
Proceeds from underwriting securities received on behalf of customers
Employee benefits payable			3,467			4,564
Taxes payable			500			640
Other payables			8,531			7,939
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one year			32,985			41,167
Other current liabilities			11,764			12,536
Total current liabilities			140,215			141,458

• 11 -

Items		31 March 2023			31 December 2022
Non-current liabilities:							****
Reserves for insurance contracts
Long-term borrowings			18,070			15,316
Bonds payable			19,194			19,128
Including: Preferred shares
Perpetual bonds
Lease liabilities			69,387			72,963
Long-term payables			255			289
Long-term salaries payable
Accrued liabilities
Deferred income			855			760
Deferred tax liabilities			24			24
Other non-current liabilities			7,370			6,949
Total non-current liabilities			115,155			115,429
Total liabilities			255,370			256,887
Owners’ equity (or shareholders’ equity):
Share capital (or issued capital)			18,121			18,121
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve			52,775			52,775
Less: Inventory shares
Other comprehensive income			261			261
Specific reserve
Surplus reserve			2,579			2,579
General risk reserve
Retained earnings			-34,577			-32,679
Total equity attributable to owners of the parent company (or shareholders of the<br>Company)			39,159			41,057

• 12 -

Items		31 March 2023			31 December 2022
Non-controlling interests			14,231			14,057
Total owners’ equity (or shareholders’ equity)			53,390			55,114
Total liabilities and owners’ equity (or shareholders’ equity)			308,760			312,001
Responsible person of the Company:<br> <br>Ma Xu<br>Lun		Responsible person of the accounting of the Company:<br><br><br>Yao Yong		Responsible person of the accounting department:<br><br><br>Mao Juan
---	---	---	---	---

• 13 -

Consolidated Income Statement

For the three months ended 31 March 2023

Prepared by: China Southern Airlines Company Limited

Unit: Million    Currency: RMB Audit type: Unaudited

Items		Three months ended31 March 2023			Three months ended31 March 2022
I.   Total revenue			34,055			21,471
Including: Operating revenue			34,055			21,471
Interest income
Premiums earned
Fees and commissions income
II. Total operating costs			36,569			28,055
Including: Cost of sales			33,294			24,921
Interest expense
Fees and commissions expense
Surrender payment
Net payment for insurance claim
Net provisions for insurance liability
Expenditure for insurance policy dividend
Reinsurance costs
Taxes and surcharges			143			75
Selling and administrative expenses			1,329			1,045
General and administrative expenses			872			760
Research and development expenses			114			88
Financial expenses			817			1,166
Including: Interest expenses			1,482			1,516
Interest income			121			118

• 14 -

Items		Three months ended31 March 2023			Three months ended31 March 2022
Add: Other income			777			550
Investment income (“-” for losses)			89			67
Including: Income from investment in associates and joint ventures			89			67
Derecognition of income from financial assets at amortised cost
Exchange gain (“-” for losses)
Gain arising from net exposure hedge (“-” for losses)
Gains arising from changes in fair value (“-” for losses)			21			24
Credit losses (“-” for losses)
Impairment losses on assets (“-” for losses)
Gains on disposal of assets (“-” for losses)			160			36
III.  Operating profit (“-” for losses)			-1,467			-5,907
Add: Non-operating income			85			61
Less: Non-operating expenses			21			5
IV.  Total profits (“-” for total losses)			-1,403			-5,851
Less: Income tax expenses			321			-1,312
V. Net profit (“-” for net losses)			-1,724			-4,539
(I)   By continuity
1.  Net profit from continuing operations (“-” for net losses)			-1,724			-4,539
2.  Net profit from discontinued operations (“-” for net losses)
(II)  By ownership
1.  Net profit attributable to shareholders of the Company (“-” for net<br>losses)			-1,898			-4,496
2.  Non-controlling interests (“-”<br>for net losses)			174			-43

• 15 -

Items		Three months ended31 March 2023		Three months ended31 March 2022
VI.  Other comprehensive income, net of tax
(I)   Other comprehensive income (net of tax) attributable to shareholders of<br>the Company
1.  Items that will not be reclassified to profit or loss
(1)   Change in defined benefit plans arising from re-measurement
(2)   Equity-accounted investees – share of other comprehensive income (non-recycling)
(3)   Changes in fair value of other equity instruments
(4)   Change in fair value of the Company’s own credit risk
2.  Items that may be reclassified subsequently to profit or loss
(1)   Equity-accounted investees-share of other comprehensive income<br>(recycling)
(2)   Change in fair value of other debt investments
(3)   Financial assets reclassified into other comprehensive income
(4)   Provision for credit impairment of other debt investments
(5)   Cash flow hedge
(6)   Translation differences arising on translation of foreign currency<br>financial statements
(7)   Others
(II)  Other comprehensive income (net of tax) attributable to non-controlling interests

• 16 -

Items		Three months ended31 March 2023			Three months ended31 March 2022
VII.   Total comprehensive income			-1,724			-4,539
(I)   Attributable to shareholders of the Company			-1,898			-4,496
(II)  Attributable to non-controlling<br>interests			174			-43
VIII. Earnings per share:
(I)   Basic earnings per share (RMB/share)			-0.10			-0.27
(II)  Diluted earnings per share (RMB/share)			-0.10			-0.27
Responsible person of the Company:<br> <br>Ma Xu<br>Lun		Responsible person of the accounting of the Company:<br><br><br>Yao Yong		Responsible person of the accounting department:<br><br><br>Mao Juan
---	---	---	---	---

• 17 -

Consolidated Cash Flow Statement

For the three months ended 31 March 2023

Prepared by: China Southern Airlines Company Limited

Unit: Million    Currency: RMB Audit type: Unaudited

Items		Three months ended31 March 2023			Three months ended31 March 2022
I.   Cash flows from operating activities:							****
Proceeds from sale of goods and rendering of services			38,051			23,211
Net increase in customer and interbank deposits
Net increase in borrowings from the central bank
Net cash increase in placements from other financial institutions
Cash received from premiums under original insurance contracts
Net cash received from reinsurance business
Net increase in deposits of policy holders and investment funds
Cash received from interest, fees and commissions
Net increase in capital due to banks and other financial institutions
Net increase in cash received from repurchase business
Net cash received by agents for trading in securities
Refund of taxes			39			16
Proceeds from other operating activities			856			662
Sub-total of cash inflows from operating<br>activities			38,946			23,889
Payment for goods and services			20,631			15,009
Net increase in customer loans and advances to customers
Net increase in deposits in the central bank and interbank deposits
Cash paid for compensation payments under original insurance contracts
Net increase in placements with banks and other financial institutions
Cash paid for interest, fees and commissions
Cash paid for insurance policy dividend
Payment to and for employees			8,605			7,398

• 18 -

Items		Three months ended31 March 2023			Three months ended31 March 2022
Payment of various taxes			737			1,257
Payment for other operating activities			165			208
Sub-total of cash outflows from operating<br>activities			30,138			23,872
Net cash flows from operating activities			8,808			17
II.   Cash flows from investing activities:							****
Cash received from return of investments
Cash received on investment income			4			—
Net proceeds from disposal of fixed assets, intangible assets and other long-term assets			852			517
Net cash received from disposal of subsidiaries and other operating units
Proceeds from other investing activities			131			90
Sub-total of cash inflows from investing<br>activities			987			607
Payment for acquisition of fixed assets, intangible assets and other long-term assets			2,536			3,441
Cash paid for investment
Net increase in secured loans
Net cash paid for acquisition of subsidiaries and other operating units
Other cash paid relating to investing activities
Sub-total of cash outflows from investing<br>activities			2,536			3,441
Net cash flows from investing activities			-1,549			-2,834
III. Cash flows from financing activities:							****
Proceeds from investors			—			20
Including: Investment received from non-controlling<br>interests			—			20
Proceeds from borrowings			8,200			14,490
Proceeds from other financing activities			4,200			14,400
Sub-total of cash inflows from financing<br>activities			12,400			28,910
Repayments of borrowings			19,141			26,262
Payment for dividends, profit distributions or interest			1,425			1,567

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Items		Three months ended31 March 2023			Three months ended31 March 2022
Including: Dividends and profits paid to non-controlling<br>shareholders of subsidiaries
Payment for other financing activities			10			—
Sub-total of cash outflows from financing<br>activities			20,576			27,829
Net cash flows from financing activities			-8,176			1,081
IV.  Effect of changes in exchange rate on cash and cash equivalents			-24			—
V. Net increase in cash and cash equivalents			-941			-1,736
Add: Cash and cash equivalents at the beginning of the period			19,889			21,456
VI.  Cash and cash equivalents at the end of the period			18,948			19,720
Responsible person of the Company:<br> <br>Ma Xu<br>Lun		Responsible person of the accounting of the Company:<br><br><br>Yao Yong		Responsible person of the accounting department:<br><br><br>Mao Juan
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(III)	Adjustment to relevant items of the financial statements at the beginning of the first adoption year due tothe first adoption of new accounting standard or interpretation of accounting standard in 2023
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☐  Applicable √  Not applicable

By order of the Board
China Southern Airlines Company Limited Chen Wei Hua and Liu Wei
Joint Company Secretaries

Guangzhou, the People’s Republic of China

28 April 2023

As at the date of this announcement, theDirectors include Ma Xu Lun, Han Wen Sheng and Luo Lai Jun as executive Directors; and Liu Chang Le, Gu Hui Zhong, Guo Wei and Cai Hong Ping as independent non-executive Directors.

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