Declared Dividend • 8h
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 11th June 2026 Payment date: 11th June 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 149% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 51%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥24.7b to CN¥25.4b. EPS estimate fell from CN¥0.765 to CN¥0.373 per share. Net income forecast to shrink 22% next year vs 21% decline forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥14.66. Share price fell 4.6% to CN¥11.59 over the past week. Reported Earnings • Apr 24
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.48 (up from CN¥0.42 in FY 2024). Revenue: CN¥22.5b (up 1.8% from FY 2024). Net income: CN¥1.04b (up 14% from FY 2024). Profit margin: 4.6% (up from 4.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Airlines industry in China. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Juneyao Airlines Co., Ltd, Annual General Meeting, May 15, 2026 Juneyao Airlines Co., Ltd, Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: Room 2212, Building 2, Lane 2, Kangqiao East Road, Pudong New Area, Shanghai China Announcement • Mar 30
Juneyao Airlines Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Juneyao Airlines Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Mar 25
Juneyao Airlines Co., Ltd (SHSE:603885) announces an Equity Buyback for CNY 500 million worth of its shares. Juneyao Airlines Co., Ltd (SHSE:603885) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 500 million worth of its shares. The shares will be repurchased at a price of not more than CNY 14.5 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for ESOP or equity incentives, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and self-raised funds. The program will be valid for 3 months. Announcement • Dec 26
Juneyao Airlines Co., Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Juneyao Airlines Co., Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Nov 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.37 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.27 (down from CN¥0.37 in 3Q 2024). Revenue: CN¥6.41b (down 1.9% from 3Q 2024). Net income: CN¥583.9m (down 25% from 3Q 2024). Profit margin: 9.1% (down from 12% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 8.6% 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 111% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Juneyao Airlines Co., Ltd to Report Q3, 2025 Results on Oct 31, 2025 Juneyao Airlines Co., Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥23.0b to CN¥22.7b. EPS estimate also fell from CN¥0.804 per share to CN¥0.672 per share. Net income forecast to grow 99% next year vs 4.1% decline forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥15.11. Share price was steady at CN¥12.60 over the past week. New Risk • Aug 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: CN¥0.072 (vs CN¥0.051 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.072 (up from CN¥0.051 in 2Q 2024). Revenue: CN¥5.34b (up 2.1% from 2Q 2024). Net income: CN¥160.5m (up 40% from 2Q 2024). Profit margin: 3.0% (up from 2.2% in 2Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 14
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥24.0b to CN¥23.0b. EPS estimate also fell from CN¥0.877 per share to CN¥0.616 per share. Net income forecast to grow 87% next year vs 7.8% growth forecast for Airlines industry in China. Consensus price target down from CN¥15.65 to CN¥15.28. Share price was steady at CN¥12.55 over the past week. Announcement • Jun 30
Juneyao Airlines Co., Ltd to Report First Half, 2025 Results on Aug 23, 2025 Juneyao Airlines Co., Ltd announced that they will report first half, 2025 results on Aug 23, 2025 Major Estimate Revision • Apr 28
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥25.7b to CN¥23.0b. EPS estimate fell from CN¥0.974 to CN¥0.716 per share. Net income forecast to grow 72% next year vs 5.4% growth forecast for Airlines industry in China. Consensus price target down from CN¥16.06 to CN¥15.65. Share price fell 2.3% to CN¥12.62 over the past week. Reported Earnings • Apr 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.42 (up from CN¥0.34 in FY 2023). Revenue: CN¥22.1b (up 9.9% from FY 2023). Net income: CN¥914.3m (up 22% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Juneyao Airlines Co., Ltd, Annual General Meeting, May 12, 2025 Juneyao Airlines Co., Ltd, Annual General Meeting, May 12, 2025, at 14:00 China Standard Time. Location: Room 2212, Building 2, Lane 2, Kangqiao West Road, Pudong New Area, Shanghai China Announcement • Mar 28
Juneyao Airlines Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 Juneyao Airlines Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Feb 07
Juneyao Airlines Co., Ltd (SHSE:603885) announces an Equity Buyback for CNY 500 million worth of its shares. Juneyao Airlines Co., Ltd (SHSE:603885) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 500 million worth of its shares. The shares will be repurchased at a price of not more than CNY 15.80 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for ESOP or equity incentives, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and self-raised funds. The program will be valid for 12 months. Announcement • Dec 27
Juneyao Airlines Co., Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025 Juneyao Airlines Co., Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025 Price Target Changed • Nov 30
Price target increased by 8.1% to CN¥16.06 Up from CN¥14.86, the current price target is an average from 4 analysts. New target price is 11% above last closing price of CN¥14.47. Stock is up 10% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥0.34 last year. Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥23.6b to CN¥22.7b. EPS estimate also fell from CN¥0.674 per share to CN¥0.529 per share. Net income forecast to grow 130% next year vs 16% growth forecast for Airlines industry in China. Consensus price target broadly unchanged at CN¥14.99. Share price was steady at CN¥13.12 over the past week. New Risk • Nov 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.43 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.37 (down from CN¥0.43 in 3Q 2023). Revenue: CN¥6.54b (flat on 3Q 2023). Net income: CN¥781.6m (down 27% from 3Q 2023). Profit margin: 12% (down from 16% in 3Q 2023). Revenue is forecast to grow 12% 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 53% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Juneyao Airlines Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Juneyao Airlines Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥12.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.60 per share. Price Target Changed • Aug 21
Price target decreased by 8.3% to CN¥15.73 Down from CN¥17.16, the current price target is an average from 5 analysts. New target price is 44% above last closing price of CN¥10.90. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥0.70 for next year compared to CN¥0.34 last year. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥24.5b to CN¥23.9b. EPS estimate also fell from CN¥0.858 per share to CN¥0.727 per share. Net income forecast to grow 73% next year vs 3.9% growth forecast for Airlines industry in China. Consensus price target down from CN¥16.33 to CN¥15.73. Share price fell 2.7% to CN¥10.90 over the past week. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.052 (vs CN¥0.057 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.052 (up from CN¥0.057 loss in 2Q 2023). Revenue: CN¥5.24b (up 7.1% from 2Q 2023). Net income: CN¥118.4m (up CN¥221.2m from 2Q 2023). Profit margin: 2.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% 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 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Juneyao Airlines Co., Ltd to Report First Half, 2024 Results on Aug 15, 2024 Juneyao Airlines Co., Ltd announced that they will report first half, 2024 results on Aug 15, 2024 Price Target Changed • Apr 12
Price target decreased by 13% to CN¥19.34 Down from CN¥22.18, the current price target is an average from 5 analysts. New target price is 63% above last closing price of CN¥11.85. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥0.34 last year. Announcement • Apr 09
Juneyao Airlines Co., Ltd, Annual General Meeting, Apr 29, 2024 Juneyao Airlines Co., Ltd, Annual General Meeting, Apr 29, 2024, at 14:00 China Standard Time. Location: Room 2212, Building 2, Lane 2, Kangqiao East Road, Pudong New Area, Shanghai China Price Target Changed • Apr 09
Price target decreased by 8.8% to CN¥20.74 Down from CN¥22.74, the current price target is an average from 5 analysts. New target price is 71% above last closing price of CN¥12.12. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥1.04 for next year compared to CN¥0.34 last year. Reported Earnings • Apr 09
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.34 (up from CN¥2.03 loss in FY 2022). Revenue: CN¥20.1b (up 145% from FY 2022). Net income: CN¥751.3m (up CN¥4.90b from FY 2022). Profit margin: 3.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Juneyao Airlines Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Juneyao Airlines Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Feb 20
Juneyao Airlines Co., Ltd (SHSE:603885) announces an Equity Buyback for CNY 200 million worth of its shares. Juneyao Airlines Co., Ltd (SHSE:603885) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price of not more than CNY 15 per share. The repurchased shares will be used for employee stock ownership plan. The shares will be repurchased out of own funds of the company. The plan will be valid for 6 months. Announcement • Dec 29
Juneyao Airlines Co., Ltd to Report Fiscal Year 2023 Results on Apr 09, 2024 Juneyao Airlines Co., Ltd announced that they will report fiscal year 2023 results on Apr 09, 2024 New Risk • Nov 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 02
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.54 loss in 3Q 2022). Revenue: CN¥6.55b (up 113% from 3Q 2022). Net income: CN¥1.07b (up CN¥2.15b from 3Q 2022). Profit margin: 16% (up from net loss in 3Q 2022). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
Second quarter 2023 earnings released: CN¥0.057 loss per share (vs CN¥0.68 loss in 2Q 2022) Second quarter 2023 results: CN¥0.057 loss per share (improved from CN¥0.68 loss in 2Q 2022). Revenue: CN¥4.89b (up 429% from 2Q 2022). Net loss: CN¥102.7m (loss narrowed 92% from 2Q 2022). Revenue is forecast to grow 23% 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 95 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Juneyao Airlines Co., Ltd to Report First Half, 2023 Results on Aug 22, 2023 Juneyao Airlines Co., Ltd announced that they will report first half, 2023 results on Aug 22, 2023 Price Target Changed • Apr 30
Price target increased by 30% to CN¥22.16 Up from CN¥17.05, the current price target is an average from 4 analysts. New target price is 24% above last closing price of CN¥17.93. Stock is up 47% over the past year. The company is forecast to post earnings per share of CN¥0.61 next year compared to a net loss per share of CN¥2.03 last year. Reported Earnings • Apr 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: CN¥2.03 loss per share (further deteriorated from CN¥0.25 loss in FY 2021). Revenue: CN¥8.21b (down 30% from FY 2021). Net loss: CN¥4.15b (loss widened CN¥3.65b from FY 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 19% 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 137 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . 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 30
Third quarter 2022 earnings released: CN¥0.54 loss per share (vs CN¥0.17 loss in 3Q 2021) Third quarter 2022 results: CN¥0.54 loss per share (further deteriorated from CN¥0.17 loss in 3Q 2021). Revenue: CN¥3.08b (flat on 3Q 2021). Net loss: CN¥1.08b (loss widened CN¥931.2m from 3Q 2021). Revenue is forecast to grow 41% 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 114 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Sep 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -CN¥0.81 to -CN¥0.67 per share. Revenue forecast unchanged from CN¥11.0b at last update. Airlines industry in China expected to see average net income decline 19% next year. Consensus price target of CN¥17.27 unchanged from last update. Share price was steady at CN¥14.99 over the past week. Major Estimate Revision • Jul 22
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥12.8b to CN¥12.1b. Losses expected to increase from CN¥0.43 per share to CN¥0.50. Airlines industry in China expected to see average net income growth of 12% next year. Consensus price target of CN¥16.90 unchanged from last update. Share price was steady at CN¥16.30 over the past week. Price Target Changed • Jun 24
Price target increased to CN¥18.62 Up from CN¥16.66, the current price target is an average from 7 analysts. New target price is 18% above last closing price of CN¥15.83. Stock is down 2.3% over the past year. The company is forecast to post a net loss per share of CN¥0.44 next year compared to a net loss per share of CN¥0.25 last year. Major Estimate Revision • Jun 18
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥13.2b to CN¥12.8b. Losses expected to increase from CN¥0.42 per share to CN¥0.49. Airlines industry in China expected to see average net income growth of 12% next year. Consensus price target broadly unchanged at CN¥16.90. Share price rose 2.1% to CN¥13.69 over the past week. Major Estimate Revision • May 23
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥13.8b to CN¥13.2b. Losses expected to increase from CN¥0.29 per share to CN¥0.36. Airlines industry in China expected to see average net income growth of 3.7% next year. Consensus price target broadly unchanged at CN¥16.66. Share price fell 3.9% to CN¥12.18 over the past week. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.28 loss per share (down from CN¥0.14 loss in 1Q 2021). Revenue: CN¥2.49b (up 1.2% from 1Q 2021). Net loss: CN¥544.0m (loss widened 95% from 1Q 2021). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 40%, 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 102 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Apr 27
Consensus revenue estimates fall by 15% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥16.8b to CN¥14.2b. Forecast loss of -CN¥0.10, down from profit of CN¥0.51 per share profit previously. Airlines industry in China expected to see average net income growth of 50% next year. Consensus price target down from CN¥17.06 to CN¥16.69. Share price fell 21% to CN¥11.55 over the past week. Reported Earnings • Apr 21
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥0.25 loss per share (down from CN¥0.24 loss in FY 2020). Revenue: CN¥11.8b (up 17% from FY 2020). Net loss: CN¥497.6m (loss widened 5.0% from FY 2020). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 357%. Over the next year, revenue is forecast to grow 41%, compared to a 55% 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 100 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.17 loss per share (vs CN¥0.098 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.08b (up 2.7% from 3Q 2020). Net loss: CN¥152.0m (down 178% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Aug 04
Juneyao Airlines Co., Ltd announced that it expects to receive CNY 3.5 billion in funding Juneyao Airlines Co., Ltd announced a private placement of 589,843,247 A shares for gross proceeds of not more than CNY 3,500,000,000 on August 2, 2021. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 8th meeting of the company’s 4th directorate and is subject to the approvals of the company’s shareholders, the CAAC East China Regional Administration, and the China Securities Regulatory Commission. The transaction is approved in the 7th meeting of the 4th supervisory board. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.092 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¥3.59b (up 101% from 2Q 2020). Net income: CN¥380.5m (up CN¥564.5m from 2Q 2020). Profit margin: 11% (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 84 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 24
Price target increased to CN¥16.78 Up from CN¥14.23, the current price target is an average from 8 analysts. New target price is 16% above last closing price of CN¥14.46. Stock is up 55% over the past year. Reported Earnings • Apr 20
Full year 2020 earnings released: CN¥0.24 loss per share (vs CN¥0.54 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥10.1b (down 40% from FY 2019). Net loss: CN¥473.8m (down 148% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥12.79 The company is up 10.0% from its price of CN¥11.63 on 25 November 2020. The Chinese market is up 7.0% 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¥0.84 per share. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥10.21 The company is down 5.0% from its price of CN¥10.78 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.96 per share. Analyst Estimate Surprise Post Earnings • Oct 28
Annual earnings released: Earnings beat expectations Earnings per share (EPS) surpassed analyst estimates by 233% at CN¥0.10. Revenue is forecast to grow 49% over the next year, compared to a 13% decline forecast for the Airlines industry in China. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥721.2m, with earnings decreasing by CN¥1.76b from the prior year. Total revenue was CN¥10.9b over the last 12 months, down 33% from the prior year. Price Target Changed • Sep 24
Price target raised to CN¥13.67 Up from CN¥12.44, the current price target is an average from 11 analysts. The new target price is 26% above the current share price of CN¥10.82. As of last close, the stock is down 24% over the past year. Announcement • Jul 08
Juneyao Airlines Co., Ltd to Report First Half, 2020 Results on Aug 19, 2020 Juneyao Airlines Co., Ltd announced that they will report first half, 2020 results on Aug 19, 2020