View ValuationSpring Airlines 향후 성장Future 기준 점검 1/6Spring Airlines (는) 각각 연간 13.5% 및 11% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 12.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 14.8% 로 예상됩니다.핵심 정보13.5%이익 성장률12.65%EPS 성장률Airlines 이익 성장52.2%매출 성장률11.0%향후 자기자본이익률14.81%애널리스트 커버리지Good마지막 업데이트19 May 2026최근 향후 성장 업데이트Major 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.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.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.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.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.모든 업데이트 보기Recent 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.공시 • 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.공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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, 2025공시 • 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.공시 • 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, 2025공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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, 2023공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2020이익 및 매출 성장 예측SHSE:601021 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202830,7003,733N/A7,543712/31/202726,9883,0982,5676,5401412/31/202625,1502,3011,3146,082123/31/202622,2122,6237097,810N/A12/31/202521,4602,3172926,623N/A9/30/202520,7962,004-2775,923N/A6/30/202520,4292,081-3605,473N/A3/31/202520,1492,140-1,0395,323N/A12/31/202420,0002,273-1,3195,895N/A9/30/202419,8122,184-2806,110N/A6/30/202419,7832,7806276,497N/A3/31/202419,2432,7121,2196,327N/A12/31/202317,9382,2573,4896,694N/A9/30/202315,8671,3792,5806,442N/A6/30/202312,746-9521394,036N/A3/31/20239,871-2,243-1,1312,214N/A12/31/20228,369-3,036-4,134439N/A9/30/20228,825-1,857-5,322-76N/A6/30/20229,058-1,217-5,037652N/A3/31/202210,995-113-5,1751,695N/A12/31/202110,85839-4,5171,684N/A9/30/202111,184-280-3,6612,473N/A6/30/202110,782-169-2,4932,535N/A3/31/20219,212-646-2,7451,324N/A12/31/20209,373-588-3,538826N/A9/30/202010,066-27-3,950445N/A6/30/202011,700578-4,264967N/A3/31/202013,5481,139-3,6941,930N/A12/31/201914,8041,841N/A3,436N/A9/30/201914,4991,809N/A3,551N/A6/30/201913,9311,630N/A3,058N/A3/31/201913,5231,592N/A2,963N/A12/31/201813,1141,503N/A2,896N/A9/30/201812,7271,486N/A3,072N/A6/30/201812,2371,434N/A3,016N/A3/31/201811,6301,344N/A2,863N/A12/31/201710,9711,262N/A2,302N/A9/30/201710,294969N/A2,093N/A6/30/20179,541764N/A2,320N/A3/31/20178,912887N/A1,951N/A12/31/20168,429951N/A2,040N/A9/30/20168,3271,295N/A1,852N/A6/30/20168,0941,448N/A1,417N/A3/31/20168,1641,440N/A1,540N/A12/31/20158,0941,328N/A1,610N/A9/30/20158,0771,429N/A1,895N/A6/30/20157,8441,233N/A1,793N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 601021 의 연간 예상 수익 증가율(13.5%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 601021 의 연간 수익(13.5%)이 CN 시장(27.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 601021 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 601021 의 수익(연간 11%)이 CN 시장(연간 16%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 601021 의 수익(연간 11%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 601021의 자본 수익률은 3년 후 14.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 06:02종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Spring Airlines Co., Ltd.는 24명의 분석가가 다루고 있습니다. 이 중 14명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Wei FangBNP ParibasShichen HanBofA Global ResearchXuejian ZhengChina International Capital Corporation Limited21명의 분석가 더 보기
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.
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.
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.
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.
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.
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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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