Stock Analysis

Juneyao Airlines Full Year 2023 Earnings: Misses Expectations

Source: Shutterstock

Juneyao Airlines (SHSE:603885) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥20.1b (up 145% from FY 2022).
  • Net income: CN¥751.3m (up from CN¥4.15b loss in FY 2022).
  • Profit margin: 3.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
  • EPS: CN¥0.34 (up from CN¥2.03 loss in FY 2022).
SHSE:603885 Earnings and Revenue Growth April 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Juneyao Airlines Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Airlines industry in Asia.

Performance of the market in China.

The company's shares are down 4.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Juneyao Airlines that you should be aware of.

Valuation is complex, but we're helping make it simple.

Find out whether Juneyao Airlines is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.