China Southern Airlines Company Limited Class A

China Southern Airlines Company Limited Class A

4.69
CNY
+0.02
(+0.43%)
93.87BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9.84
11
11.46
11.58
12.93
13.48
12.81
6.57
6.3
5.06
8.74
9.25
10.63
- -
Basic EPS, GAAP
0.19
0.18
0.4
0.51
0.6
0.28
0.22
-0.77
-0.75
-1.9
-0.23
-0.09
0.05
- -
Free Cash Flow per Basic Share
-0.09
0.7
1.43
0.75
0.77
-0.42
1.87
-0.14
-0.23
-0.48
1.57
0.81
1.19
- -
Dividend per Share
0.24
0.28
0.31
0.35
0.48
0.49
0.63
0.47
0.39
0.37
0.35
0.31
0.34
0.25
Book Value per Share
3.48
3.62
3.99
4.4
4.92
5.04
5.21
4.52
3.99
2.27
2.03
1.92
1.96
1.66
Tangible Book Value per Share
3.23
3.36
3.7
4.08
4.59
4.77
4.9
4.12
3.6
1.9
1.66
1.51
1.55
1.24
Basic Weighted Avg Shares
9,974
9,850
9,730
9,914
9,857
10,654
12,050
14,081
16,137
17,201
18,300
18,844
17,140
18,219
Sales/Revenue/Turnover
98,130
108,313
111,500
114,803
127,489
143,623
154,322
92,561
101,644
87,059
159,929
174,224
182,256
- -
Operating Margin (%)
0.26
2.26
8.99
7.6
6.34
5.58
6.53
-8.75
-7.91
-26.28
2.92
3.19
4.84
- -
Depreciation Expense
9,459
10,941
11,923
12,699
13,233
14,258
24,441
24,430
24,053
24,062
27,010
28,238
31,092
- -
Net Income, GAAP
1,895
1,773
3,892
5,056
5,914
2,983
2,651
-10,842
-12,103
-32,682
-4,209
-1,696
857
- -
Effective Tax Rate (%)
20.93
21.87
21.4
23
22.33
22.98
23.96
- -
- -
- -
- -
90.26
44.19
- -
Profit Margin (%)
1.93
1.64
3.49
4.4
4.64
2.08
1.72
-11.71
-11.91
-37.54
-2.63
-0.97
0.47
- -
Working Capital
-28,642
-26,246
-50,901
-54,132
-51,693
-67,312
-78,752
-56,696
-73,124
-108,687
-107,193
-100,759
-111,525
-118,072
LT Debt
68,619
85,985
65,292
72,285
80,302
119,132
127,713
138,417
120,298
107,407
114,256
131,024
132,981
142,148
Total Equity
42,212
44,274
49,798
54,710
62,165
74,721
77,054
84,863
84,245
55,114
51,997
52,595
55,011
51,245
Return on Invested Capital (%)
0.89
0.22
1.4
2.14
3.87
1.44
1
- -
- -
- -
- -
-0.03
0.82
- -
Return on Capital (%)
1.95
1.95
2.99
4.28
4.43
2.34
2.74
- -
- -
- -
- -
-1.17
0.79
- -
Return on Common Equity (%)
5.67
5.09
10.41
12.28
12.75
5.35
4.22
-16.28
-17.67
-60.15
-10.81
-4.74
2.44
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
88,197
87,857
65,609
LT Borrowings
48,216
48,631
57,554
LT Finance Leases
84,765
84,043
84,594
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18,121
18,121
18,121
Market Capitalization
145,149
102,383
93,867

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
42,598
44,957
44,224
Cash, Cash Equivalents & STI
19,826
19,780
17,221
Accounts Receivable, Net
3,954
5,480
5,841
Inventories
3,298
3,886
4,264
Total Current Liabilities
154,123
158,657
162,296
Payables & Accruals
- -
- -
- -
ST Debt
88,197
87,857
65,609
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.17%
-7.05%
4.59%
Free Cash Flow
-117.56%
-51.39%
33.56%
Net Income, GAAP
-63.85%
-23.14%
-150.53%
Sales/Revenue/Turnover
8.68%
18.54%
4.61%
Total Cash Common Dividend
8.04%
-2.58%
-1.49%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44,601
40,189
49,871
39,563
174,224
2025
43,407
42,884
- -
44,591
182,256
2026
47,782
46,897
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
-0.11
0.18
-0.2
-0.09
2025
-0.04
-0.04
- -
-0.08
0.05
2026
0.08
-0.29
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.08
0.08
0.09
0.31
2025
0.07
0.08
- -
0.1
0.34
2026
0.06
0.09
- -
- -
- -

Company Description

CEO
Xu Lun Ma
Full Time Employees
108,176
Sector
Transportation
Industry
Airlines
Address
Guanhao Science and Technology Park Phase I Office Building Guangzhou GD China 510403
IPO Date
Jul 30, 1997
Website
csair.com
Business
China Southern Airlines Company Limited (600029.SS) operates as one of China's three largest airlines, providing passenger air transportation, cargo services, and ancillary aviation offerings including maintenance, leasing, and ground handling; its core products encompass scheduled domestic and international flights via a fleet of approximately 700 aircraft comprising Airbus A319neo/A320/A321/neo/A330/A350, Boeing 737/787, Comac C919, and Boeing 777F freighters, alongside flagship services such as China Southern e-Travel, Premium Services, Luggage Priority, Seamless Transit, and 360-Degree In-Flight Entertainment. Headquartered in Guangzhou, Guangdong province since its founding in 1988 as part of the Civil Aviation Administration of China restructuring, the carrier maintains primary hubs at Guangzhou Baiyun International Airport and Beijing Daxing International Airport, with secondary hubs in Shanghai Pudong, Chongqing Jiangbei, Urumqi Diwopu, and Wuhan Tianhe, serving over 200 destinations across 40 countries and regions with a focus on Asia, Europe, Australia, and North America. It holds majority stakes in subsidiaries Xiamen Airlines and Chongqing Airlines, a significant share in Sichuan Airlines, and maintains codeshare partnerships with carriers including American Airlines, Qatar Airways, and Vietnam Airlines. Recent developments include the introduction of its first Comac C919 aircraft in 2024 on Guangzhou-Shanghai routes with plans for substantial fleet expansion, the inauguration of new long-haul services such as Guangzhou-Vancouver in September 2025 using Boeing 787-9s and a planned Guangzhou-Spain route for winter 2025-2026, alongside the resumption of Guangzhou-Adelaide flights in December 2024 and expanded "Pets on Board" services to nine Chinese cities covering 46 routes as of mid-2025. In 2024, China Southern injected nearly CNY4.7 billion into associate Sichuan Airlines including an Airbus A330-300 transfer to bolster working capital and regional presence, while strengthening ties through a June 2024 memorandum of understanding with Qatar Airways for codeshares, cargo collaboration, and frequent flyer integration. The airline reported 2024 revenue of RMB174 billion and passenger traffic of 165 million, marking a return to profitability with net income of RMB25 million amid network recovery and strategic shifts like phasing out Boeing 787-8s by 2026 and suspending Beijing-Moscow services through March 2025.

Company News

  • China Southern Airlines launches its first flight between Beijing and Macau

  • China Southern Airlines Company Limited Intends to Deregister and Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934