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MARKETS / CHKIF
AIR TRANSPORTATION, SCHEDULED · LARGE CAP

China Southern Airlines Co. Ltd. CHKIF

8 fiscal years on record · CNY · FY2022 reported · SEC filings only
CNY 87.1B
▼ 14.3% YoY
CNY -32.7B
In brief

What this company does

China Southern Airlines provides commercial airline services throughout Mainland China, the Hong Kong, Macau and Taiwan regions, Southeast Asia and other parts of the world. It also provides air cargo and mail services. The airline operations and the air cargo and mail services are fully integrated with airline-related businesses, including aircraft maintenance, ground services and air catering operations. In 2022, the Group carried 63 million passengers and had passenger revenue of RMB60,017 million. As of December 31, 2022, the company operated 1,327 routes, of which 1,223 were domestic, 94 were international and 10 were regional. Its fleet at that date consisted of 894 aircraft, primarily Boeing 737, 777 and 787 series, Airbus 320, 330, 350 and 380 series, EMB 190 series and ARJ 21 series aircraft. A portion of the airline operations is conducted through airline subsidiaries, namely Xiamen Airlines, Shantou Airlines, Zhuhai Airlines, Guizhou Airlines, Chongqing Airlines and Henan Airlines, all incorporated in China. Corporate headquarters and the principal base of operations are located in Guangzhou, the capital of Guangdong Province.

Written from the business description in CHINA SOUTHERN AIRLINES CO LTD's annual report to the U.S. Securities and Exchange Commission, filed 27 April 2023. Every sentence was checked against that document before publication.

Growth
CNY 87.1B
Revenue, FY2022 · full 8-year series below
Revenue CNY B Net income CNY B
FY2022 · Revenue 87.1 · Net income -32.7
80B-20B20152016201720182019202020212022
Compound annual growth
−17.4%
−7.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −7.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−39 cents
lost on every revenue dollar
Operating margin Net margin
FY2022 · Operating -25.9% · Net -38.7%
5%10%-10%-20%-30%20152016201720182019202020212022
ROE
FY2022 · ROE -59.9%
5%10%-20%-40%20152016201720182019202020212022

Each CNY of equity lost 60 cents this year.

Cash & shareholders
returned in FY2022 · dividends + net buybacks

Total assetsCNY 312.2B
EquityCNY 41.3B
CashCNY 19.9B
Gross debtCNY 119.8B
Net debtCNY 99.9B
Current ratio0.24×

Net debt stands at 242% of equity.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 20222021202020192018201720162015
Revenue CNY B87.1101.692.6154.3143.6127.8115.0111.7
Operating income CNY B−22.5−9.9−11.910.88.89.212.613.4
EBITDA CNY B1.714.312.735.523.122.325.225.3
Income tax CNY B2.2−2.9−3.41.01.02.01.81.3
Net income CNY B−32.7−12.1−10.82.62.96.05.03.7
EPS, diluted CNY ········
Dividend / sh CNY ········
Payout %········
ROE %−59.9−17.6−16.24.15.012.811.6·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 56 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityAir Transportation, Scheduled
Listed onnot stated in the filings
Incorporated inoutside the United States — SEC code F4
Fiscal year endsDecember 31
Data on record since2015

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