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According to an audit report released by HNA Group on 29th April, by the end of 2017, its total assets were 1.23 trillion RMB, a year-on-year increase of 21.31%. The total liabilities were 736.5 billion RMB, a year-on-year increase of 22.04%. The debt ratio increased by 59.78%, a year-on-year increase of 0.35%.

The increase in revenue mostly comes from several asset purchases. Specifically speaking, its electronic product distribution revenue account 315.1 billion RMB, a year-on-year increase of 785.7%. The main reason was that Tianhai Investment, a subsidiary of the HNA Group, completed the acquisition of Ingram Micro, the world's largest IT distributor, and included it into the consolidated statement.

Revenues from HNA’s air transportation business also soared from 26.396 billion RMB to 63.703 billion RMB. In addition, after the acquisition of 25% of the shares of Hilton Hotels, HNA Group's “hotel and catering” segment earned 12.095 billion RMB in 2017. However, due to the sudden liquidity crisis happened in the second half of 2017, HNA Group has already sold off most of the shares of the three listed companies of Hilton Hotels in order to cope with the high cost of debt. Besides, it is also actively selling its owned properties around the world.

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