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China Southern Airlines Company Limited Class H
(1055)
China Southern Airlines Company Limited Class H (1055) vs. iShares MSCI Hong Kong ETF (EWH)
China Southern Airlines Company Limited Class H Business Overview & Revenue Model
China Southern Airlines Company Limited Class H Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 175.72B | 174.22B | 159.93B | 87.06B | 101.64B | 92.56B |
| Gross Profit | 16.02B | 14.65B | 12.35B | -17.18B | 22.77B | 22.90B |
| EBITDA | 6.08B | 32.35B | 27.69B | -5.36B | 13.90B | 14.05B |
| Net Income | -2.00B | -1.70B | -4.21B | -33.72B | -11.02B | -11.83B |
Balance Sheet | ||||||
| Total Assets | 336.54B | 329.74B | 309.23B | 312.25B | 323.21B | 326.38B |
| Cash, Cash Equivalents and Short-Term Investments | 17.48B | 18.69B | 13.08B | 19.89B | 21.46B | 25.42B |
| Total Debt | 159.09B | 171.46B | 171.12B | 214.54B | 199.02B | 199.45B |
| Total Liabilities | 284.77B | 277.14B | 257.23B | 256.89B | 238.70B | 241.25B |
| Stockholders Equity | 33.20B | 34.73B | 36.78B | 41.27B | 67.85B | 69.58B |
Cash Flow | ||||||
| Free Cash Flow | 5.68B | 15.31B | 28.77B | -14.15B | -9.45B | -8.36B |
| Operating Cash Flow | 14.34B | 31.45B | 40.13B | -2.45B | 7.69B | 2.70B |
| Investing Cash Flow | -11.04B | -16.45B | -17.51B | -5.85B | -15.82B | -8.05B |
| Financing Cash Flow | -15.90B | -11.55B | -33.01B | 299.00M | 4.19B | 22.30B |
China Southern Airlines Company Limited Class H Technical Analysis
China Southern Airlines Company Limited Class H Risk Analysis
China Southern Airlines Company Limited Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$86.55B | 8.39 | 17.73% | 5.38% | 8.54% | 16.57% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | HK$156.48B | 162.29 | 0.20% | ― | 4.08% | ― | |
55 Neutral | HK$138.59B | -41.81 | -6.44% | ― | 1.42% | 3.33% | |
54 Neutral | HK$132.06B | -36.35 | -7.13% | ― | 4.61% | 38.36% |
China Southern Airlines Company Limited Class H Corporate Events
China Southern Airlines has announced an extraordinary general meeting (EGM) scheduled for December 12, 2025, to discuss and approve several resolutions. These include providing guarantees by Xiamen Airlines for 2026, renewing financial and leasing service agreements, and amending the company’s Articles of Association, including the abolishment of the Supervisory Committee. These changes aim to streamline operations and enhance corporate governance, potentially impacting stakeholders by improving efficiency and aligning with strategic goals.
China Southern Airlines Company Limited has announced the closure of its register of members in preparation for its first extraordinary general meeting (EGM) of 2025, scheduled for December 12. This move is aimed at determining the eligibility of H share holders to attend and vote at the EGM, with the register being closed from December 4 to December 12, 2025. This announcement is significant as it outlines the procedural steps for shareholder participation, potentially impacting shareholder engagement and decision-making processes within the company.
In October 2025, China Southern Airlines reported a 7.53% increase in passenger capacity year-on-year, with notable growth in international routes. The company also saw a rise in cargo operations, with an increase in cargo capacity and traffic. Despite not launching new major routes, the airline expanded its fleet by introducing four new aircraft, enhancing its operational capabilities.
China Southern Airlines reported its unaudited financial results for the third quarter of 2025, showing a positive performance with an increase in operating revenue and net profit. The company achieved a 3.01% rise in operating revenue to RMB 51,374 million and a significant 20.26% increase in net profit attributable to shareholders, reaching RMB 3,840 million. These results reflect a strong operational performance and improved financial health, suggesting a favorable impact on the company’s market positioning and stakeholder confidence.
China Southern Airlines Company Limited Class H has entered into a new Financial Services Framework Agreement to continue its financial services with a connected Finance Company for three years starting January 1, 2026. This agreement involves the provision of deposit and loan services, with the deposit services requiring shareholder approval due to its significant financial implications, while the loan services are exempt from such requirements.
China Southern Airlines has entered into a new Finance and Lease Service Framework Agreement with CSA Leasing for the period 2026-2028, renewing their previous agreement. This agreement involves the continuation of finance and operating lease services for aircraft and related equipment, as well as the sale and purchase of aviation materials between the two entities. The transactions are classified as continuing connected transactions and major transactions under Hong Kong’s Listing Rules, requiring disclosure, annual review, and independent shareholder approval. This strategic move aims to optimize the company’s operational capabilities and align with shareholder interests.
China Southern Airlines Company Limited has authorized Xiamen Airlines to provide guarantees to its subsidiaries, including Hebei Airlines and various Xiamen Airlines leasing entities. The guarantees, totaling up to RMB 5,759 million, are within the expected amounts and do not require counter-guarantees. This move is part of the company’s strategic financial management, potentially enhancing operational flexibility and supporting subsidiary growth.
China Southern Airlines announced the resignation of Mr. Gao Fei as a candidate for Executive Director due to a change in work arrangement, effective October 27, 2025. The board expressed gratitude for Mr. Gao’s contributions, and the resolution for his appointment will not be presented at the general meeting. This change in leadership is not expected to impact the company’s operations or stakeholder interests significantly.
China Southern Airlines Company Limited announced significant changes in its senior management team following a board meeting on October 27, 2025. Mr. Chen Zhe and Mr. Zhang Yong have been appointed as Executive Vice Presidents, while Mr. Yu Ming Liang has been named the Chief Pilot. Concurrently, Mr. Gao Fei has resigned from his position as Executive Vice President and candidate for Executive Director due to a change in work arrangements. The board expressed gratitude for Mr. Gao’s contributions during his tenure.
China Southern Airlines Company Limited has announced a board meeting scheduled for October 27, 2025, to review and approve the company’s third-quarter financial results for the period ending September 30, 2025. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the remainder of the year.
In September 2025, China Southern Airlines reported a year-on-year increase in passenger capacity and traffic, with domestic and international routes showing significant growth. The passenger load factor also improved, indicating better utilization of available seats. Cargo operations saw a modest increase in capacity and traffic, with a slight improvement in load factor. The company introduced seven new aircraft to its fleet and disposed of three, maintaining a total of 956 commercial aircraft. No new major routes were launched during this period.
In August 2025, China Southern Airlines reported a 6.37% year-on-year increase in passenger capacity, with notable growth in international routes. Despite a slight decrease in the overall passenger load factor, cargo operations showed improvement with a 5.48% rise in traffic and a higher load factor. The company introduced seven new aircraft to its fleet, enhancing its operational capabilities.