End-of-day quote
Shanghai S.E.
06:00:00 2024-05-27 pm EDT
|
5-day change
|
1st Jan Change
|
3.96
CNY
|
-0.75%
|
|
-0.75%
|
+2.06%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
85,079
|
67,032
|
83,121
|
90,264
|
76,977
|
78,242
|
-
|
-
|
Enterprise Value (EV)
1 |
151,156
|
161,349
|
182,835
|
214,251
|
197,151
|
267,027
|
258,389
|
250,624
|
P/E ratio
|
27.7
x
|
-6.48
x
|
-7.1
x
|
-2.79
x
|
-10.5
x
|
23.4
x
|
12.2
x
|
9.26
x
|
Yield
|
0.86%
|
-
|
-
|
-
|
-
|
-
|
0.38%
|
0.51%
|
Capitalization / Revenue
|
0.7
x
|
1.04
x
|
1.24
x
|
1.96
x
|
0.68
x
|
0.55
x
|
0.5
x
|
0.48
x
|
EV / Revenue
|
1.25
x
|
2.5
x
|
2.72
x
|
4.65
x
|
1.73
x
|
1.86
x
|
1.65
x
|
1.53
x
|
EV / EBITDA
|
4.7
x
|
18.8
x
|
-25.4
x
|
-6.96
x
|
8.53
x
|
8.39
x
|
6.84
x
|
6.46
x
|
EV / FCF
|
7.07
x
|
-31.4
x
|
-145
x
|
-13
x
|
23.6
x
|
-1,690
x
|
18.7
x
|
18.8
x
|
FCF Yield
|
14.1%
|
-3.18%
|
-0.69%
|
-7.67%
|
4.24%
|
-0.06%
|
5.33%
|
5.31%
|
Price to Book
|
1.43
x
|
1.42
x
|
1.69
x
|
4.24
x
|
2.13
x
|
2
x
|
1.75
x
|
1.48
x
|
Nbr of stocks (in thousands)
|
16,379,509
|
16,379,509
|
18,874,440
|
18,874,440
|
22,291,297
|
22,291,297
|
-
|
-
|
Reference price
2 |
5.810
|
4.680
|
5.160
|
5.530
|
3.880
|
3.960
|
3.960
|
3.960
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/30/22
|
3/30/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
120,986
|
64,425
|
67,127
|
46,111
|
113,741
|
143,458
|
156,153
|
163,656
|
EBITDA
1 |
32,165
|
8,592
|
-7,210
|
-30,793
|
23,104
|
31,834
|
37,779
|
38,816
|
EBIT
1 |
10,085
|
-13,656
|
-17,788
|
-40,144
|
-1,919
|
4,568
|
11,317
|
12,713
|
Operating Margin
|
8.34%
|
-21.2%
|
-26.5%
|
-87.06%
|
-1.69%
|
3.18%
|
7.25%
|
7.77%
|
Earnings before Tax (EBT)
1 |
4,299
|
-16,488
|
-17,513
|
-40,154
|
-8,278
|
3,949
|
11,825
|
11,737
|
Net income
1 |
3,192
|
-11,836
|
-12,214
|
-37,386
|
-8,168
|
3,705
|
7,506
|
8,964
|
Net margin
|
2.64%
|
-18.37%
|
-18.2%
|
-81.08%
|
-7.18%
|
2.58%
|
4.81%
|
5.48%
|
EPS
2 |
0.2100
|
-0.7226
|
-0.7272
|
-1.981
|
-0.3700
|
0.1693
|
0.3253
|
0.4276
|
Free Cash Flow
1 |
21,382
|
-5,137
|
-1,261
|
-16,427
|
8,367
|
-158
|
13,782
|
13,303
|
FCF margin
|
17.67%
|
-7.97%
|
-1.88%
|
-35.62%
|
7.36%
|
-0.11%
|
8.83%
|
8.13%
|
FCF Conversion (EBITDA)
|
66.48%
|
-
|
-
|
-
|
36.21%
|
-
|
36.48%
|
34.27%
|
FCF Conversion (Net income)
|
669.86%
|
-
|
-
|
-
|
-
|
-
|
183.61%
|
148.41%
|
Dividend per Share
2 |
0.0500
|
-
|
-
|
-
|
-
|
-
|
0.0151
|
0.0200
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/30/22
|
3/30/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
62,127
|
25,159
|
14,626
|
32,417
|
12,665
|
6,689
|
21,167
|
16,496
|
10,261
|
30,370
|
22,261
|
27,164
|
52,052
|
36,113
|
28,203
|
67,118
|
33,189
|
34,284
|
39,243
|
36,583
|
-
|
-
|
EBITDA
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-5,500
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2,939
|
11,856
|
9,447
|
-
|
-
|
EBIT
|
-
|
-
|
-6,184
|
-8,045
|
-8,307
|
-11,751
|
-15,716
|
-9,984
|
-10,102
|
-
|
-4,003
|
-3,070
|
-
|
3,837
|
-
|
-
|
-872
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-42.28%
|
-24.82%
|
-65.59%
|
-175.68%
|
-74.25%
|
-60.52%
|
-98.45%
|
-
|
-17.98%
|
-11.3%
|
-
|
10.62%
|
-
|
-
|
-2.63%
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-1,312
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
1,251
|
-8,542
|
-4,052
|
-7,006
|
-7,760
|
-10,976
|
-18,736
|
-9,380
|
-9,270
|
-
|
-
|
-2,446
|
-
|
3,642
|
-
|
-1,919
|
-803
|
-3,554
|
4,004
|
2,766
|
-
|
-
|
Net margin
|
2.01%
|
-33.95%
|
-27.7%
|
-21.61%
|
-61.27%
|
-164.09%
|
-88.52%
|
-56.86%
|
-90.34%
|
-
|
-
|
-9%
|
-
|
10.09%
|
-
|
-2.86%
|
-2.42%
|
-10.37%
|
10.2%
|
7.56%
|
-
|
-
|
EPS
2 |
-
|
-
|
-0.2300
|
-
|
-
|
-0.5800
|
-
|
-0.5000
|
-0.4900
|
-
|
-
|
-0.1100
|
-
|
0.1600
|
-0.2500
|
-
|
-0.0400
|
-0.0647
|
0.1048
|
0.0770
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/31/20
|
8/28/20
|
3/30/22
|
3/30/22
|
4/29/22
|
8/30/22
|
8/30/22
|
10/30/22
|
3/30/23
|
3/30/23
|
4/28/23
|
8/30/23
|
8/30/23
|
10/27/23
|
3/28/24
|
3/28/24
|
4/30/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
66,077
|
68,229
|
99,714
|
123,987
|
120,174
|
188,785
|
180,147
|
178,797
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.054
x
|
-9.897
x
|
-13.83
x
|
-4.026
x
|
5.201
x
|
5.93
x
|
4.768
x
|
4.606
x
|
Free Cash Flow
1 |
21,382
|
-5,137
|
-1,261
|
-16,427
|
8,367
|
-158
|
13,783
|
13,303
|
ROE (net income / shareholders' equity)
|
5.03%
|
-19.6%
|
-22.2%
|
-114%
|
-32.4%
|
9.18%
|
15.5%
|
15.9%
|
ROA (Net income/ Total Assets)
|
1.22%
|
-4.19%
|
-4.26%
|
-13%
|
-2.85%
|
0.3%
|
1.62%
|
2.4%
|
Assets
1 |
262,090
|
282,661
|
286,720
|
288,387
|
286,582
|
1,235,136
|
462,594
|
415,533
|
Book Value Per Share
2 |
4.080
|
3.300
|
3.060
|
1.300
|
1.820
|
1.980
|
2.270
|
2.670
|
Cash Flow per Share
2 |
1.770
|
0.0700
|
0.3400
|
-0.2900
|
1.190
|
1.410
|
1.470
|
1.390
|
Capex
1 |
7,590
|
6,348
|
6,953
|
9,953
|
18,206
|
20,071
|
15,827
|
12,778
|
Capex / Sales
|
6.27%
|
10.83%
|
10.36%
|
21.58%
|
16.01%
|
13.99%
|
10.14%
|
7.81%
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/30/22
|
3/30/23
|
3/28/24
|
-
|
-
|
-
|
Last Close Price
3.96
CNY Average target price
4.221
CNY Spread / Average Target +6.59% Consensus |
1st Jan change
|
Capi.
|
---|
| +2.06% | 10.9B | | +24.98% | 33.45B | | -5.92% | 22.18B | | +41.45% | 19.75B | | +2.90% | 17.79B | | +22.73% | 17.01B | | -12.75% | 15.17B | | +36.48% | 13.51B | | -3.32% | 13.03B | | +12.06% | 10.85B |
Other Airlines
|