Spring Airlines（601021）株式概要春秋航空有限公司は、中国で航空旅客・貨物輸送事業を行っている。 詳細601021 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長1/6過去の実績4/6財務の健全性3/6配当金4/6報酬当社が推定した公正価値より58.2%で取引されている 収益は年間13.53%増加すると予測されています 過去1年間で収益は22.6%増加しました アナリストらは、株価が35.6%上昇するだろうとほぼ一致している。 リスク分析2.33%の配当はフリーキャッシュフローで十分にカバーされていない 多額の負債を抱えている すべてのリスクチェックを見る601021 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥45.5915.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b37b2016201920222025202620282031Revenue CN¥37.5bEarnings CN¥4.4bAdvancedSet Fair ValueView all narrativesSpring Airlines Co., Ltd. 競合他社Hainan Airlines HoldingSymbol: SHSE:600221Market cap: CN¥64.0bJuneyao AirlinesSymbol: SHSE:603885Market cap: CN¥23.8bChina Southern AirlinesSymbol: SHSE:600029Market cap: CN¥86.5bChina Express AirlinesLTDSymbol: SZSE:002928Market cap: CN¥9.2b価格と性能株価の高値、安値、推移の概要Spring Airlines過去の株価現在の株価CN¥45.5952週高値CN¥60.4852週安値CN¥43.08ベータ0.391ヶ月の変化-6.23%3ヶ月変化-19.71%1年変化-22.73%3年間の変化-16.94%5年間の変化-32.80%IPOからの変化248.68%最新ニュースMajor Estimate Revision • May 07Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥25.1b to CN¥24.7b. EPS estimate rose from CN¥1.87 to CN¥2.20. Net income forecast to shrink 9.6% next year vs 7.7% decline forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥62.00. Share price was steady at CN¥47.91 over the past week.New Risk • Apr 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 54% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (349% cash payout ratio).Reported Earnings • Apr 12Full year 2025 earnings: Revenues exceed analyst expectationsFull year 2025 results: Revenue: CN¥21.5b (up 7.3% from FY 2024). Net income: CN¥2.32b (up 2.0% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 1.1%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Airlines industry in China.お知らせ • Apr 12Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for CNY 500 million worth of its shares.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 65 per share. The purpose of program is to maintain the Company’s value and shareholder rights, which will be sold 12 months after the completion of the repurchase. Shares not sold will be cancelled. The program will be funded out of the company's own funds and Self-Financing. The program will be valid for 12 months.Major Estimate Revision • Apr 11Consensus EPS estimates fall by 48%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥3.22 to CN¥1.68. Revenue forecast unchanged from CN¥23.8b at last update. Net income forecast to shrink 10% next year vs 54% growth forecast for Airlines industry in China . Consensus price target of CN¥63.42 unchanged from last update. Share price was steady at CN¥47.14 over the past week.お知らせ • Mar 30Spring Airlines Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Spring Airlines Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026最新情報をもっと見るRecent updatesMajor Estimate Revision • May 07Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥25.1b to CN¥24.7b. EPS estimate rose from CN¥1.87 to CN¥2.20. Net income forecast to shrink 9.6% next year vs 7.7% decline forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥62.00. Share price was steady at CN¥47.91 over the past week.New Risk • Apr 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 54% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (349% cash payout ratio).Reported Earnings • Apr 12Full year 2025 earnings: Revenues exceed analyst expectationsFull year 2025 results: Revenue: CN¥21.5b (up 7.3% from FY 2024). Net income: CN¥2.32b (up 2.0% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 1.1%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Airlines industry in China.お知らせ • Apr 12Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for CNY 500 million worth of its shares.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 65 per share. The purpose of program is to maintain the Company’s value and shareholder rights, which will be sold 12 months after the completion of the repurchase. Shares not sold will be cancelled. The program will be funded out of the company's own funds and Self-Financing. The program will be valid for 12 months.Major Estimate Revision • Apr 11Consensus EPS estimates fall by 48%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥3.22 to CN¥1.68. Revenue forecast unchanged from CN¥23.8b at last update. Net income forecast to shrink 10% next year vs 54% growth forecast for Airlines industry in China . Consensus price target of CN¥63.42 unchanged from last update. Share price was steady at CN¥47.14 over the past week.お知らせ • Mar 30Spring Airlines Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Spring Airlines Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Spring Airlines Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026Spring Airlines Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026Reported Earnings • Oct 31Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CN¥1.20 (down from CN¥1.28 in 3Q 2024). Revenue: CN¥6.47b (up 6.0% from 3Q 2024). Net income: CN¥1.17b (down 6.2% from 3Q 2024). Profit margin: 18% (down from 20% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Airlines industry in China. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Sep 30Spring Airlines Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Spring Airlines Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025Reported Earnings • Aug 31Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: CN¥0.51 (down from CN¥0.56 in 2Q 2024). Revenue: CN¥4.99b (up 6.0% from 2Q 2024). Net income: CN¥491.5m (down 11% from 2Q 2024). Profit margin: 9.9% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 30Spring Airlines Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Spring Airlines Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • May 20Spring Airlines Co., Ltd., Annual General Meeting, Jun 10, 2025Spring Airlines Co., Ltd., Annual General Meeting, Jun 10, 2025, at 14:00 China Standard Time. Location: Office Building, No. 2599, Hongqiao Road, Changning District, Shanghai ChinaBuy Or Sell Opportunity • May 06Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.8% to CN¥55.16. The fair value is estimated to be CN¥45.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 67% in the next 2 years.Reported Earnings • May 03First quarter 2025 earnings released: EPS: CN¥0.69 (vs CN¥0.83 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.69 (down from CN¥0.83 in 1Q 2024). Revenue: CN¥5.32b (up 2.9% from 1Q 2024). Net income: CN¥677.1m (down 16% from 1Q 2024). Profit margin: 13% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 28Spring Airlines Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Spring Airlines Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025お知らせ • Dec 27Spring Airlines Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025Spring Airlines Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025Buy Or Sell Opportunity • Dec 11Now 21% undervaluedOver the last 90 days, the stock has risen 16% to CN¥57.17. The fair value is estimated to be CN¥72.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 77% in the next 2 years.Major Estimate Revision • Nov 06Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥21.0b to CN¥20.3b. EPS estimate also fell from CN¥2.96 per share to CN¥2.61 per share. Net income forecast to grow 48% next year vs 16% growth forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥66.66. Share price was steady at CN¥57.03 over the past week.お知らせ • Nov 06Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for 5,000,000 shares, representing 0.51% of its issued share capital.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 A shares, representing 0.51% of its issued share capital. The shares will be repurchased at a price of not more than CNY 60 per share. The shares purchased will be used for the company's employee stock ownership plans or equity incentives or to convert company convertible bonds, for Reduction of registered capital and to protect the company's value and shareholders' rights. The program will be funded out of the company's own funds. The program will be valid for 12 months.Reported Earnings • Oct 31Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CN¥1.28 (down from CN¥1.87 in 3Q 2023). Revenue: CN¥6.10b (flat on 3Q 2023). Net income: CN¥1.24b (down 32% from 3Q 2023). Profit margin: 20% (down from 30% in 3Q 2023). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥52.59, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥77.16 per share.お知らせ • Sep 30Spring Airlines Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Spring Airlines Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥58.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 9.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥70.89 per share.Reported Earnings • Aug 31Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CN¥0.56 (up from CN¥0.50 in 2Q 2023). Revenue: CN¥4.71b (up 13% from 2Q 2023). Net income: CN¥550.7m (up 14% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Jun 28Spring Airlines Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Spring Airlines Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024お知らせ • Jun 06Spring Airlines Co., Ltd., Annual General Meeting, Jun 25, 2024Spring Airlines Co., Ltd., Annual General Meeting, Jun 25, 2024, at 14:00 China Standard Time. Location: 2F, Building 2, No. 528, Konggang 1st Road, Changning District, Shanghai ChinaReported Earnings • Apr 30Full year 2023 earnings released: EPS: CN¥2.31 (vs CN¥3.30 loss in FY 2022)Full year 2023 results: EPS: CN¥2.31 (up from CN¥3.30 loss in FY 2022). Revenue: CN¥17.9b (up 114% from FY 2022). Net income: CN¥2.26b (up CN¥5.29b from FY 2022). Profit margin: 13% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Mar 29Spring Airlines Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Spring Airlines Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Dec 30Spring Airlines Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Spring Airlines Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024Reported Earnings • Nov 01Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: CN¥1.87 (up from CN¥0.54 loss in 3Q 2022). Revenue: CN¥6.07b (up 106% from 3Q 2022). Net income: CN¥1.84b (up CN¥2.33b from 3Q 2022). Profit margin: 30% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 70%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Sep 30Spring Airlines Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023Spring Airlines Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023お知らせ • Sep 01Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for CNY 100 million worth of its shares.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class shares. The shares will be repurchased at a price of not more than CNY 58 per share. The shares purchased will be used for the company's employee stock ownership plans. The program will be funded out of the company's own funds. The program will be valid for 12 months.Reported Earnings • Aug 31Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: CN¥0.50 (up from CN¥0.88 loss in 2Q 2022). Revenue: CN¥4.17b (up 222% from 2Q 2022). Net income: CN¥482.8m (up CN¥1.29b from 2Q 2022). Profit margin: 12% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 27%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.お知らせ • Jun 28Spring Airlines Co., Ltd. to Report First Half, 2023 Results on Aug 31, 2023Spring Airlines Co., Ltd. announced that they will report first half, 2023 results on Aug 31, 2023Reported Earnings • Apr 29First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: CN¥0.36 (up from CN¥0.48 loss in 1Q 2022). Revenue: CN¥3.86b (up 64% from 1Q 2022). Net income: CN¥355.6m (up CN¥792.6m from 1Q 2022). Profit margin: 9.2% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ming Jin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 30Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: CN¥0.54 loss per share (down from CN¥0.20 profit in 3Q 2021). Revenue: CN¥2.95b (down 7.3% from 3Q 2021). Net loss: CN¥491.8m (down 431% from profit in 3Q 2021). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance.Reported Earnings • Sep 02Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: CN¥0.88 loss per share (down from CN¥0.25 profit in 2Q 2021). Revenue: CN¥1.29b (down 60% from 2Q 2021). Net loss: CN¥808.5m (down 374% from profit in 2Q 2021). Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 89%. Over the next year, revenue is forecast to grow 61%, compared to a 65% growth forecast for the Airlines industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Aug 18Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥12.0b to CN¥11.7b. Losses expected to increase from CN¥0.88 per share to CN¥1.07. Airlines industry in China expected to see average net income decline 7.6% next year. Consensus price target broadly unchanged at CN¥60.72. Share price was steady at CN¥48.88 over the past week.Buying Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.0%. The fair value is estimated to be CN¥58.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: CN¥0.48 loss per share (down from CN¥0.31 loss in 1Q 2021). Revenue: CN¥2.36b (up 6.2% from 1Q 2021). Net loss: CN¥437.0m (loss widened 54% from 1Q 2021). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 39%, compared to a 57% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ming Jin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Feb 24Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for CNY 100 million worth of its shares.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 58 per share. The shares purchased will be used for the company's employee stock ownership plans. The program will be funded out of the company's own funds. The program will be valid for 2 months.お知らせ • Dec 13Spring Airlines Co., Ltd.(XSSC:601021) dropped from FTSE All-World Index (USD)Spring Airlines Co., Ltd.(XSSC:601021) dropped from FTSE All-World Index (USD)Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.29 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.18b (up 14% from 3Q 2020). Net income: CN¥148.6m (down 43% from 3Q 2020). Profit margin: 4.7% (down from 9.3% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 31Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.20 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.23b (up 95% from 2Q 2020). Net income: CN¥295.2m (up CN¥476.5m from 2Q 2020). Profit margin: 9.1% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.お知らせ • Jun 05Spring Airlines Co., Ltd. announced that it expects to receive CNY 3.5 billion in fundingSpring Airlines Co., Ltd. (SHSE:601021) announced a private placement of series A shares for not more than CNY 3,500,000,000 on June 4, 2021. The transaction will include participation from not more than 35 specific investors. The number of A shares to be issued under the issuance shall not exceed 30% of the total share capital of the company before the issuance and the number of shares to be issued under the issuance will not exceed 274,938, 813 shares. The issuance price is calculated at 80% of the average price of the stock trading on the 20 trading days before June 4, 2021. The transaction is subject to approval by the China Securities Regulatory Commission. The transaction needs to be reviewed and approved by the shareholders of the company, China Securities Regulatory Commission and from Eastern China Regional Administration of Civil Aviation of China. The transaction has been approved in the sixth meeting of the fourth board of directors of the company. The transaction has been valid for 12 months from the date of approval.Price Target Changed • Jun 02Price target increased to CN¥69.79Up from CN¥64.56, the current price target is an average from 14 analysts. New target price is 7.5% above last closing price of CN¥64.90. Stock is up 74% over the past year.Price Target Changed • May 07Price target increased to CN¥61.50Up from CN¥55.13, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of CN¥63.37. Stock is up 80% over the past year.Reported Earnings • May 02First quarter 2021 earnings released: CN¥0.31 loss per share (vs CN¥0.25 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CN¥2.22b (down 6.8% from 1Q 2020). Net loss: CN¥284.8m (loss widened 25% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 25New 90-day high: CN¥65.15The company is up 25% from its price of CN¥52.06 on 27 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.53 per share.Price Target Changed • Feb 24Price target raised to CN¥55.67Up from CN¥50.92, the current price target is an average from 14 analysts. The new target price is 13% below the current share price of CN¥63.76. As of last close, the stock is up 75% over the past year.Is New 90 Day High Low • Jan 26New 90-day high: CN¥58.49The company is up 37% from its price of CN¥42.58 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.61 per share.Is New 90 Day High Low • Dec 16New 90-day high: CN¥54.00The company is up 10.0% from its price of CN¥48.88 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.60 per share.Is New 90 Day High Low • Nov 18New 90-day high: CN¥50.50The company is up 15% from its price of CN¥43.74 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.88 per share.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥27.0m, with earnings decreasing by CN¥1.84b from the prior year. Total revenue was CN¥10.1b over the last 12 months, down 31% from the prior year.Analyst Estimate Surprise Post Earnings • Nov 01Third-quarter earnings released: Revenue and earnings beat expectationsThird-quarter revenue exceeded analyst estimates by 6.9% at CN¥2.78b. Earnings per share (EPS) also surpassed analyst estimates by 80% at CN¥0.29. Revenue is forecast to grow 44% over the next year, compared to a 3.7% decline forecast for the Airlines industry in China.お知らせ • Oct 29Spring Airlines Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020Spring Airlines Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020Major Estimate Revision • Oct 24Analysts update estimatesThe company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -CN¥0.12 to -CN¥0.087. Revenue estimate was approximately flat at CN¥9.73b. The Airlines industry in China is expected to see a 38% decline in net income next year. The consensus price target increased from CN¥49.30 to CN¥49.61. Share price is down by 5.8% to CN¥42.12 over the past week.Major Estimate Revision • Oct 17Analysts update estimatesThe company's losses in 2020 are expected to worsen with analysts lowering their consensus EPS forecasts from -CN¥0.084 to -CN¥0.12. No change was made to the revenue estimate which at the last update was CN¥9.67b. The Airlines industry in China is expected to see a 38% decline in net income next year. The consensus price target of CN¥49.30 was unchanged from the last update. Share price stayed mostly flat at CN¥44.69 over the past week.Major Estimate Revision • Sep 26Analysts update estimatesThe company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -CN¥0.066 to -CN¥0.056. Revenue estimate was approximately flat at CN¥9.67b. The Airlines industry in China is expected to see a 38% decline in net income next year. The consensus price target of CN¥49.30 was unchanged from the last update. Share price is down by 8.3% to CN¥44.85 over the past week.お知らせ • Jul 17Spring Airlines Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020Spring Airlines Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020株主還元601021CN AirlinesCN 市場7D-1.8%-6.1%-2.4%1Y-22.7%-6.5%33.8%株主還元を見る業界別リターン: 601021過去 1 年間で-6.5 % の収益を上げたCN Airlines業界を下回りました。リターン対市場: 601021は、過去 1 年間で33.8 % のリターンを上げたCN市場を下回りました。価格変動Is 601021's price volatile compared to industry and market?601021 volatility601021 Average Weekly Movement4.7%Airlines Industry Average Movement5.3%Market Average Movement6.4%10% most volatile stocks in CN Market10.0%10% least volatile stocks in CN Market4.2%安定した株価: 601021 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 601021の 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20048,496Wang Zhi Jiewww.ch.com春秋航空有限公司は、中国で航空旅客・貨物輸送事業に従事している。また、航空輸送、都市間チャーター旅客輸送、都市・郡間固定線観光旅客輸送、貨物輸送、健康・生命・傷害・賠償責任保険商品、包装食品、工芸品ギフト、家電製品、日用品、武進家伝、繊維製品、電子製品、化学原料、金属材料、計器類、機械設備、社員食堂、航空ケータリング、航空地上サービス、航空技術分野の技術サービスに関連するサービスも提供している。さらに、商品・技術の輸出入事業、自動車部品の卸売・小売事業、自営設備リース事業、不動産開発・運営事業、広告事業、金融リース事業、リース事業などにも取り組んでいる。2022年12月31日現在、同社は116機の航空機を所有・運航している。同社は2004年に設立され、中国の上海を拠点としている。春秋航空有限公司は上海春秋国際旅行服務（集団）有限公司の子会社である。もっと見るSpring Airlines Co., Ltd. 基礎のまとめSpring Airlines の収益と売上を時価総額と比較するとどうか。601021 基礎統計学時価総額CN¥43.82b収益（TTM）CN¥2.62b売上高(TTM)CN¥22.21b16.7xPER（株価収益率2.0xP/Sレシオ601021 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計601021 損益計算書（TTM）収益CN¥22.21b売上原価CN¥18.95b売上総利益CN¥3.26bその他の費用CN¥640.76m収益CN¥2.62b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）2.73グロス・マージン14.69%純利益率11.81%有利子負債／自己資本比率106.5%601021 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.3%現在の配当利回り35%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 07:36終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Spring Airlines Co., Ltd. 14 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。24 アナリスト機関Wei FangBNP ParibasShichen HanBofA Global ResearchXuejian ZhengChina International Capital Corporation Limited21 その他のアナリストを表示
Major Estimate Revision • May 07Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥25.1b to CN¥24.7b. EPS estimate rose from CN¥1.87 to CN¥2.20. Net income forecast to shrink 9.6% next year vs 7.7% decline forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥62.00. Share price was steady at CN¥47.91 over the past week.
New Risk • Apr 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 54% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (349% cash payout ratio).
Reported Earnings • Apr 12Full year 2025 earnings: Revenues exceed analyst expectationsFull year 2025 results: Revenue: CN¥21.5b (up 7.3% from FY 2024). Net income: CN¥2.32b (up 2.0% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 1.1%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Airlines industry in China.
お知らせ • Apr 12Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for CNY 500 million worth of its shares.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 65 per share. The purpose of program is to maintain the Company’s value and shareholder rights, which will be sold 12 months after the completion of the repurchase. Shares not sold will be cancelled. The program will be funded out of the company's own funds and Self-Financing. The program will be valid for 12 months.
Major Estimate Revision • Apr 11Consensus EPS estimates fall by 48%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥3.22 to CN¥1.68. Revenue forecast unchanged from CN¥23.8b at last update. Net income forecast to shrink 10% next year vs 54% growth forecast for Airlines industry in China . Consensus price target of CN¥63.42 unchanged from last update. Share price was steady at CN¥47.14 over the past week.
お知らせ • Mar 30Spring Airlines Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Spring Airlines Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
Major Estimate Revision • May 07Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥25.1b to CN¥24.7b. EPS estimate rose from CN¥1.87 to CN¥2.20. Net income forecast to shrink 9.6% next year vs 7.7% decline forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥62.00. Share price was steady at CN¥47.91 over the past week.
New Risk • Apr 14New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 54% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by cash flows (349% cash payout ratio).
Reported Earnings • Apr 12Full year 2025 earnings: Revenues exceed analyst expectationsFull year 2025 results: Revenue: CN¥21.5b (up 7.3% from FY 2024). Net income: CN¥2.32b (up 2.0% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 1.1%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Airlines industry in China.
お知らせ • Apr 12Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for CNY 500 million worth of its shares.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 65 per share. The purpose of program is to maintain the Company’s value and shareholder rights, which will be sold 12 months after the completion of the repurchase. Shares not sold will be cancelled. The program will be funded out of the company's own funds and Self-Financing. The program will be valid for 12 months.
Major Estimate Revision • Apr 11Consensus EPS estimates fall by 48%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥3.22 to CN¥1.68. Revenue forecast unchanged from CN¥23.8b at last update. Net income forecast to shrink 10% next year vs 54% growth forecast for Airlines industry in China . Consensus price target of CN¥63.42 unchanged from last update. Share price was steady at CN¥47.14 over the past week.
お知らせ • Mar 30Spring Airlines Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Spring Airlines Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Spring Airlines Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026Spring Airlines Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CN¥1.20 (down from CN¥1.28 in 3Q 2024). Revenue: CN¥6.47b (up 6.0% from 3Q 2024). Net income: CN¥1.17b (down 6.2% from 3Q 2024). Profit margin: 18% (down from 20% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Airlines industry in China. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Sep 30Spring Airlines Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Spring Airlines Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
Reported Earnings • Aug 31Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: CN¥0.51 (down from CN¥0.56 in 2Q 2024). Revenue: CN¥4.99b (up 6.0% from 2Q 2024). Net income: CN¥491.5m (down 11% from 2Q 2024). Profit margin: 9.9% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 30Spring Airlines Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Spring Airlines Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • May 20Spring Airlines Co., Ltd., Annual General Meeting, Jun 10, 2025Spring Airlines Co., Ltd., Annual General Meeting, Jun 10, 2025, at 14:00 China Standard Time. Location: Office Building, No. 2599, Hongqiao Road, Changning District, Shanghai China
Buy Or Sell Opportunity • May 06Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.8% to CN¥55.16. The fair value is estimated to be CN¥45.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 67% in the next 2 years.
Reported Earnings • May 03First quarter 2025 earnings released: EPS: CN¥0.69 (vs CN¥0.83 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.69 (down from CN¥0.83 in 1Q 2024). Revenue: CN¥5.32b (up 2.9% from 1Q 2024). Net income: CN¥677.1m (down 16% from 1Q 2024). Profit margin: 13% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 28Spring Airlines Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Spring Airlines Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Dec 27Spring Airlines Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025Spring Airlines Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025
Buy Or Sell Opportunity • Dec 11Now 21% undervaluedOver the last 90 days, the stock has risen 16% to CN¥57.17. The fair value is estimated to be CN¥72.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 77% in the next 2 years.
Major Estimate Revision • Nov 06Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥21.0b to CN¥20.3b. EPS estimate also fell from CN¥2.96 per share to CN¥2.61 per share. Net income forecast to grow 48% next year vs 16% growth forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥66.66. Share price was steady at CN¥57.03 over the past week.
お知らせ • Nov 06Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for 5,000,000 shares, representing 0.51% of its issued share capital.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 A shares, representing 0.51% of its issued share capital. The shares will be repurchased at a price of not more than CNY 60 per share. The shares purchased will be used for the company's employee stock ownership plans or equity incentives or to convert company convertible bonds, for Reduction of registered capital and to protect the company's value and shareholders' rights. The program will be funded out of the company's own funds. The program will be valid for 12 months.
Reported Earnings • Oct 31Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CN¥1.28 (down from CN¥1.87 in 3Q 2023). Revenue: CN¥6.10b (flat on 3Q 2023). Net income: CN¥1.24b (down 32% from 3Q 2023). Profit margin: 20% (down from 30% in 3Q 2023). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥52.59, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥77.16 per share.
お知らせ • Sep 30Spring Airlines Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Spring Airlines Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥58.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 9.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥70.89 per share.
Reported Earnings • Aug 31Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CN¥0.56 (up from CN¥0.50 in 2Q 2023). Revenue: CN¥4.71b (up 13% from 2Q 2023). Net income: CN¥550.7m (up 14% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Jun 28Spring Airlines Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Spring Airlines Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
お知らせ • Jun 06Spring Airlines Co., Ltd., Annual General Meeting, Jun 25, 2024Spring Airlines Co., Ltd., Annual General Meeting, Jun 25, 2024, at 14:00 China Standard Time. Location: 2F, Building 2, No. 528, Konggang 1st Road, Changning District, Shanghai China
Reported Earnings • Apr 30Full year 2023 earnings released: EPS: CN¥2.31 (vs CN¥3.30 loss in FY 2022)Full year 2023 results: EPS: CN¥2.31 (up from CN¥3.30 loss in FY 2022). Revenue: CN¥17.9b (up 114% from FY 2022). Net income: CN¥2.26b (up CN¥5.29b from FY 2022). Profit margin: 13% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Mar 29Spring Airlines Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Spring Airlines Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Dec 30Spring Airlines Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Spring Airlines Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: CN¥1.87 (up from CN¥0.54 loss in 3Q 2022). Revenue: CN¥6.07b (up 106% from 3Q 2022). Net income: CN¥1.84b (up CN¥2.33b from 3Q 2022). Profit margin: 30% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 70%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Sep 30Spring Airlines Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023Spring Airlines Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023
お知らせ • Sep 01Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for CNY 100 million worth of its shares.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class shares. The shares will be repurchased at a price of not more than CNY 58 per share. The shares purchased will be used for the company's employee stock ownership plans. The program will be funded out of the company's own funds. The program will be valid for 12 months.
Reported Earnings • Aug 31Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: CN¥0.50 (up from CN¥0.88 loss in 2Q 2022). Revenue: CN¥4.17b (up 222% from 2Q 2022). Net income: CN¥482.8m (up CN¥1.29b from 2Q 2022). Profit margin: 12% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 27%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 28Spring Airlines Co., Ltd. to Report First Half, 2023 Results on Aug 31, 2023Spring Airlines Co., Ltd. announced that they will report first half, 2023 results on Aug 31, 2023
Reported Earnings • Apr 29First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: CN¥0.36 (up from CN¥0.48 loss in 1Q 2022). Revenue: CN¥3.86b (up 64% from 1Q 2022). Net income: CN¥355.6m (up CN¥792.6m from 1Q 2022). Profit margin: 9.2% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ming Jin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 30Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: CN¥0.54 loss per share (down from CN¥0.20 profit in 3Q 2021). Revenue: CN¥2.95b (down 7.3% from 3Q 2021). Net loss: CN¥491.8m (down 431% from profit in 3Q 2021). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance.
Reported Earnings • Sep 02Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: CN¥0.88 loss per share (down from CN¥0.25 profit in 2Q 2021). Revenue: CN¥1.29b (down 60% from 2Q 2021). Net loss: CN¥808.5m (down 374% from profit in 2Q 2021). Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 89%. Over the next year, revenue is forecast to grow 61%, compared to a 65% growth forecast for the Airlines industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Aug 18Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥12.0b to CN¥11.7b. Losses expected to increase from CN¥0.88 per share to CN¥1.07. Airlines industry in China expected to see average net income decline 7.6% next year. Consensus price target broadly unchanged at CN¥60.72. Share price was steady at CN¥48.88 over the past week.
Buying Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.0%. The fair value is estimated to be CN¥58.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: CN¥0.48 loss per share (down from CN¥0.31 loss in 1Q 2021). Revenue: CN¥2.36b (up 6.2% from 1Q 2021). Net loss: CN¥437.0m (loss widened 54% from 1Q 2021). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 39%, compared to a 57% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ming Jin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Feb 24Spring Airlines Co., Ltd. (SHSE:601021) announces an Equity Buyback for CNY 100 million worth of its shares.Spring Airlines Co., Ltd. (SHSE:601021) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 58 per share. The shares purchased will be used for the company's employee stock ownership plans. The program will be funded out of the company's own funds. The program will be valid for 2 months.
お知らせ • Dec 13Spring Airlines Co., Ltd.(XSSC:601021) dropped from FTSE All-World Index (USD)Spring Airlines Co., Ltd.(XSSC:601021) dropped from FTSE All-World Index (USD)
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.29 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.18b (up 14% from 3Q 2020). Net income: CN¥148.6m (down 43% from 3Q 2020). Profit margin: 4.7% (down from 9.3% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 31Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.20 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.23b (up 95% from 2Q 2020). Net income: CN¥295.2m (up CN¥476.5m from 2Q 2020). Profit margin: 9.1% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 05Spring Airlines Co., Ltd. announced that it expects to receive CNY 3.5 billion in fundingSpring Airlines Co., Ltd. (SHSE:601021) announced a private placement of series A shares for not more than CNY 3,500,000,000 on June 4, 2021. The transaction will include participation from not more than 35 specific investors. The number of A shares to be issued under the issuance shall not exceed 30% of the total share capital of the company before the issuance and the number of shares to be issued under the issuance will not exceed 274,938, 813 shares. The issuance price is calculated at 80% of the average price of the stock trading on the 20 trading days before June 4, 2021. The transaction is subject to approval by the China Securities Regulatory Commission. The transaction needs to be reviewed and approved by the shareholders of the company, China Securities Regulatory Commission and from Eastern China Regional Administration of Civil Aviation of China. The transaction has been approved in the sixth meeting of the fourth board of directors of the company. The transaction has been valid for 12 months from the date of approval.
Price Target Changed • Jun 02Price target increased to CN¥69.79Up from CN¥64.56, the current price target is an average from 14 analysts. New target price is 7.5% above last closing price of CN¥64.90. Stock is up 74% over the past year.
Price Target Changed • May 07Price target increased to CN¥61.50Up from CN¥55.13, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of CN¥63.37. Stock is up 80% over the past year.
Reported Earnings • May 02First quarter 2021 earnings released: CN¥0.31 loss per share (vs CN¥0.25 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CN¥2.22b (down 6.8% from 1Q 2020). Net loss: CN¥284.8m (loss widened 25% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 25New 90-day high: CN¥65.15The company is up 25% from its price of CN¥52.06 on 27 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.53 per share.
Price Target Changed • Feb 24Price target raised to CN¥55.67Up from CN¥50.92, the current price target is an average from 14 analysts. The new target price is 13% below the current share price of CN¥63.76. As of last close, the stock is up 75% over the past year.
Is New 90 Day High Low • Jan 26New 90-day high: CN¥58.49The company is up 37% from its price of CN¥42.58 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.61 per share.
Is New 90 Day High Low • Dec 16New 90-day high: CN¥54.00The company is up 10.0% from its price of CN¥48.88 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.60 per share.
Is New 90 Day High Low • Nov 18New 90-day high: CN¥50.50The company is up 15% from its price of CN¥43.74 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.88 per share.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥27.0m, with earnings decreasing by CN¥1.84b from the prior year. Total revenue was CN¥10.1b over the last 12 months, down 31% from the prior year.
Analyst Estimate Surprise Post Earnings • Nov 01Third-quarter earnings released: Revenue and earnings beat expectationsThird-quarter revenue exceeded analyst estimates by 6.9% at CN¥2.78b. Earnings per share (EPS) also surpassed analyst estimates by 80% at CN¥0.29. Revenue is forecast to grow 44% over the next year, compared to a 3.7% decline forecast for the Airlines industry in China.
お知らせ • Oct 29Spring Airlines Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020Spring Airlines Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020
Major Estimate Revision • Oct 24Analysts update estimatesThe company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -CN¥0.12 to -CN¥0.087. Revenue estimate was approximately flat at CN¥9.73b. The Airlines industry in China is expected to see a 38% decline in net income next year. The consensus price target increased from CN¥49.30 to CN¥49.61. Share price is down by 5.8% to CN¥42.12 over the past week.
Major Estimate Revision • Oct 17Analysts update estimatesThe company's losses in 2020 are expected to worsen with analysts lowering their consensus EPS forecasts from -CN¥0.084 to -CN¥0.12. No change was made to the revenue estimate which at the last update was CN¥9.67b. The Airlines industry in China is expected to see a 38% decline in net income next year. The consensus price target of CN¥49.30 was unchanged from the last update. Share price stayed mostly flat at CN¥44.69 over the past week.
Major Estimate Revision • Sep 26Analysts update estimatesThe company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -CN¥0.066 to -CN¥0.056. Revenue estimate was approximately flat at CN¥9.67b. The Airlines industry in China is expected to see a 38% decline in net income next year. The consensus price target of CN¥49.30 was unchanged from the last update. Share price is down by 8.3% to CN¥44.85 over the past week.
お知らせ • Jul 17Spring Airlines Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020Spring Airlines Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020
