View ValuationSpring Airlines 향후 성장Future 기준 점검 1/6Spring Airlines (는) 각각 연간 13.4% 및 11% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 12.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 14.8% 로 예상됩니다.핵심 정보13.4%이익 성장률12.51%EPS 성장률Airlines 이익 성장52.2%매출 성장률11.0%향후 자기자본이익률14.81%애널리스트 커버리지Good마지막 업데이트19 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Pei Peimin was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.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.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, 2026공시 • 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, 2025공시 • 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 China공시 • 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, 2025공시 • 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 released: EPS: CN¥1.28 (vs CN¥1.87 in 3Q 2023)Third 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 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 remained flat, 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¥76.89 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 18x. 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¥71.69 per share.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.56 (vs CN¥0.50 in 2Q 2023)Second 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 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 released: EPS: CN¥1.87 (vs CN¥0.54 loss in 3Q 2022)Third 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 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 released: EPS: CN¥0.50 (vs CN¥0.88 loss in 2Q 2022)Second 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 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 released: EPS: CN¥0.36 (vs CN¥0.48 loss in 1Q 2022)First 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 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 released: CN¥0.54 loss per share (vs CN¥0.20 profit in 3Q 2021)Third 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 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 03Second quarter 2022 earnings released: CN¥0.88 loss per share (vs CN¥0.25 profit in 2Q 2021)Second 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). Over the next year, revenue is forecast to grow 59%, compared to a 69% 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.Buying Opportunity • Jun 22Now 20% undervaluedOver the last 90 days, the stock is up 6.2%. The fair value is estimated to be CN¥62.33, 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 released: CN¥0.48 loss per share (vs CN¥0.31 loss in 1Q 2021)First 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). 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.Reported Earnings • Sep 01Second 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.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 26New 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 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 5.0% 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.Is New 90 Day High Low • Jan 26New 90-day high: CN¥58.49The company is up 34% from its price of CN¥43.56 on 29 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¥48.92 on 18 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 beats expectationsThird-quarter revenue exceeded analyst estimates by 6.9% at CN¥2.78b. Revenue is forecast to grow 44% over the next year, compared to a 3.7% decline forecast for the Airlines industry in China.이익 및 매출 성장 예측XSSC:601021 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202830,7003,733N/A7,543712/31/202726,9883,0982,5676,5401412/31/202625,1502,3901,3146,082123/31/202622,2122,6237097,810N/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(13.4%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 601021 의 연간 수익(13.4%)이 CN 시장(27.2%)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 16.2%)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 분석2026/05/22 10:38종가2026/05/22 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 23명의 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 Limited20명의 분석가 더 보기
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Pei Peimin was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
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.
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
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
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
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
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 released: EPS: CN¥1.28 (vs CN¥1.87 in 3Q 2023)Third 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 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 remained flat, 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¥76.89 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 18x. 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¥71.69 per share.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.56 (vs CN¥0.50 in 2Q 2023)Second 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 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 released: EPS: CN¥1.87 (vs CN¥0.54 loss in 3Q 2022)Third 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 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 released: EPS: CN¥0.50 (vs CN¥0.88 loss in 2Q 2022)Second 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 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 released: EPS: CN¥0.36 (vs CN¥0.48 loss in 1Q 2022)First 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 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 released: CN¥0.54 loss per share (vs CN¥0.20 profit in 3Q 2021)Third 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 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 03Second quarter 2022 earnings released: CN¥0.88 loss per share (vs CN¥0.25 profit in 2Q 2021)Second 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). Over the next year, revenue is forecast to grow 59%, compared to a 69% 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.
Buying Opportunity • Jun 22Now 20% undervaluedOver the last 90 days, the stock is up 6.2%. The fair value is estimated to be CN¥62.33, 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 released: CN¥0.48 loss per share (vs CN¥0.31 loss in 1Q 2021)First 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). 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.
Reported Earnings • Sep 01Second 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.
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 26New 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 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 5.0% 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.
Is New 90 Day High Low • Jan 26New 90-day high: CN¥58.49The company is up 34% from its price of CN¥43.56 on 29 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¥48.92 on 18 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 beats expectationsThird-quarter revenue exceeded analyst estimates by 6.9% at CN¥2.78b. Revenue is forecast to grow 44% over the next year, compared to a 3.7% decline forecast for the Airlines industry in China.