中國國航

SEHK:753

中國 / 工業 / 客運航空

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股息

10年歷史財務資料

股價

5.00 HKD


Key Metrics	Latest
Total Revenue	166.7 B
Adjusted EBITDA	12.634 B
EBITDA Margin	7.6%
Net Profit Margin	-2.8%
Total Assets	345.8 B
Total Debt	236 B

10Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months

Revenue	108,929	112,677	121,363	136,774	136,181	69,504	74,532	52,898	141,100	166,699	166,699
% Growth		3.4%	7.7%	12.7%	-0.4%	-49.0%	7.2%	-29.0%	166.7%	18.1%

Adjusted EBITDA	27,780	28,989	25,513	27,407	24,102	(2,079)	(8,048)	(27,208)	11,724	12,634	12,634
% Margin	25.5%	25.7%	21.0%	20.0%	17.7%	-3.0%	-10.8%	-51.4%	8.3%	7.6%	7.6%

Adjusted EBIT	14,726	15,481	11,891	12,880	14,286	(11,355)	(17,413)	(36,105)	(36)	(833)	(833)
% Margin	13.5%	13.7%	9.8%	9.4%	10.5%	-16.3%	-23.4%	-68.3%	0.0%	-0.5%	-0.5%

Adjusted Net Income	6,686	7,129	8,899	7,692	6,920	(11,521)	(18,485)	(45,587)	(3,630)	(4,728)	(4,728)
% Margin	6.1%	6.3%	7.3%	5.6%	5.1%	-16.6%	-24.8%	-86.2%	-2.6%	-2.8%	-2.8%

Adjusted Basic EPS	0.54	0.58	0.66	0.56	0.50	(0.84)	(1.35)	(3.32)	(0.24)	(0.30)	(0.30)

支援算式

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
											Original
CNY	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24
	FY - 9	FY - 8	FY - 7	FY - 6	FY - 5	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM

Revenue	108,929	112,677	121,363	136,774	136,181	69,504	74,532	52,898	141,100	166,699	166,699
% Growth	NA	3.4%	7.7%	12.7%	-0.4%	-49.0%	7.2%	-29.0%	166.7%	18.1%

Cost of Revenue	(83,708)	(87,274)	(100,616)	(115,132)	(113,243)	(75,667)	(85,888)	(82,815)	(134,050)	(158,202)	(158,202)
Gross Profit	25,221	25,403	20,747	21,643	22,938	(6,163)	(11,356)	(29,918)	7,051	8,497	8,497
% Revenue	23.2%	22.5%	17.1%	15.8%	16.8%	-8.9%	-15.2%	-56.6%	5.0%	5.1%	5.1%

Research and Development	(24)	(14)	(95)	(107)	(491)	(179)	(153)	(244)	(373)	(432)	(432)
Selling and Marketing	(5,977)	(5,409)	(5,907)	(6,148)	(6,509)	(4,298)	(4,392)	(3,490)	(5,256)	(6,846)	(6,846)
General and Admin	(4,244)	(4,207)	(4,600)	(4,921)	(4,612)	(4,118)	(4,570)	(4,828)	(5,182)	(5,582)	(5,582)
Other Inc / (Exp)	(4,949)	(2,532)	4,167	865	2,027	1,192	4,019	(1,156)	5,392	5,738	5,738
Total Operating Exp	(15,194)	(12,163)	(6,435)	(10,311)	(9,586)	(7,403)	(5,096)	(9,718)	(5,420)	(7,122)	(7,122)

Operating Income	10,028	13,240	14,312	11,331	13,352	(13,566)	(16,452)	(39,636)	1,630	1,375	1,375
% Revenue	9.2%	11.8%	11.8%	8.3%	9.8%	-19.5%	-22.1%	-74.9%	1.2%	0.8%	0.8%

Interest Expense	(985)	(3,020)	(2,831)	(1,373)	(4,247)	(4,908)	(5,383)	(6,244)	(3,291)	(2,980)	(2,980)
Pre-tax Income	9,043	10,219	11,481	9,958	9,105	(18,475)	(21,835)	(45,880)	(1,660)	(1,605)	(1,605)
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0	0	0	0
Provision for Taxes	(1,823)	(2,456)	(2,843)	(1,757)	(1,853)	2,652	3,006	704	91	(845)	(845)
Net Income to Company	7,220	7,764	8,637	8,201	7,252	(15,822)	(18,829)	(45,176)	(1,569)	(2,450)	(2,450)
% Margin	6.6%	6.9%	7.1%	6.0%	5.3%	-22.8%	-25.3%	-85.4%	-1.1%	-1.5%	-1.5%

Minority Interest in Earnings	(446)	(950)	(1,397)	(864)	(843)	1,413	2,187	6,556	523	2,213	2,213
Net Income to Stockholders	6,774	6,814	7,240	7,336	6,409	(14,409)	(16,642)	(38,619)	(1,046)	(237)	(237)

Preferred Dividends	0	0	0	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0	0	0	0

Net Income to Common	6,774	6,814	7,240	7,336	6,409	(14,409)	(16,642)	(38,619)	(1,046)	(237)	(237)
% Margin	6.2%	6.0%	6.0%	5.4%	4.7%	-20.7%	-22.3%	-73.0%	-0.7%	-0.1%	-0.1%

As Reported
Basic EPS (Continuing Ops)	0.55	0.55	0.54	0.53	0.47	(1.05)	(1.21)	(2.81)	(0.07)	(0.01)	(0.01)
Diluted EPS (Continuing Ops)	0.55	0.55	0.54	0.53	0.47	(1.05)	(1.21)	(2.81)	(0.07)	(0.01)	(0.01)

WA Basic Shares Out.	12,294.90	12,294.90	13,466.68	13,734.96	13,734.96	13,734.96	13,734.96	13,734.96	15,401.76	15,864.56	15,864.56
WA Diluted Shares Out.	12,294.90	12,294.90	13,466.68	13,734.96	13,734.96	13,734.96	13,734.96	13,734.96	15,401.76	15,864.56	15,864.56

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	9,043	10,219	11,481	9,958	9,105	(18,475)	(21,835)	(45,880)	(1,660)	(1,605)	(1,605)
Addback: Net Interest Expense	985	3,020	2,831	1,373	4,247	4,908	5,383	6,244	3,291	2,980	2,980
Addback: Other Non Operating Expenses, Total	5,421	3,099	(2,775)	2,235	1,383	(3,600)	(1,427)	4,086	1,118	871	871
Addback: Depreciation & Amortization	13,053	13,509	13,623	14,527	9,816	9,276	9,365	8,898	11,760	13,466	13,466
Addback: Restructuring Charges	0	0	0	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	(6)	0	308	7	8	5,924	736	23	(3)	0	0
Addback: Gain (Loss) On Sale Of Assets	223	202	170	(83)	(96)	(31)	(22)	(27)	(919)	(978)	(978)
Addback: Asset Writedown	0	0	122	13	0	440	293	63	184	143	143
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	(939)	(1,060)	(247)	(624)	(360)	(520)	(542)	(614)	(2,046)	(2,244)	(2,244)
Adjusted EBITDA	27,780	28,989	25,513	27,407	24,102	(2,079)	(8,048)	(27,208)	11,724	12,634	12,634
% Margin	25.5%	25.7%	21.0%	20.0%	17.7%	-3.0%	-10.8%	-51.4%	8.3%	7.6%	7.6%

Adjusted EBIT	14,726	15,481	11,891	12,880	14,286	(11,355)	(17,413)	(36,105)	(36)	(833)	(833)
% Margin	13.5%	13.7%	9.8%	9.4%	10.5%	-16.3%	-23.4%	-68.3%	0.0%	-0.5%	-0.5%

Adjusted Net Income Reconciliation
Net Income to Company	7,220	7,764	8,637	8,201	7,252	(15,822)	(18,829)	(45,176)	(1,569)	(2,450)	(2,450)
Addback: Unusual Items	(722)	(858)	354	(687)	(448)	5,812	465	(556)	(2,784)	(3,078)	(3,078)
Less: Tax Benefit of Unusual Items (26%)	188	223	(92)	179	117	(1,511)	(121)	144	724	800	800
Adjusted Net Income	6,686	7,129	8,899	7,692	6,920	(11,521)	(18,485)	(45,587)	(3,630)	(4,728)	(4,728)
% Margin	6.1%	6.3%	7.3%	5.6%	5.1%	-16.6%	-24.8%	-86.2%	-2.6%	-2.8%	-2.8%

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中國國航

SEHK:753

中國 / 工業 / 客運航空

10年歷史財務資料