China Southern Airlines Co Ltd Class A (600029) — Capital Reinvestment Ratio
China Southern Airlines Co Ltd Class A (600029) has a Capital Reinvestment Ratio of 0.13x as of September 2025, meaning it reinvests 0% of its operating cash flow (CN¥18.07 Billion) in capital expenditures (CN¥2.36 Billion). See 600029 free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
China Southern Airlines Co Ltd Class A Capital Reinvestment Ratio (1997–2025)
This chart tracks China Southern Airlines Co Ltd Class A's Capital Reinvestment Ratio across 28 annual periods.
Annual Capital Reinvestment Ratio for China Southern Airlines Co Ltd Class A (1997–2025)
Year-by-year Capital Reinvestment Ratio for China Southern Airlines Co Ltd Class A from 1997 to 2025. For live market cap and broader valuation context, see market value of China Southern Airlines Co Ltd Class A.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.46x | CN¥38.21 Billion | CN¥17.77 Billion | ▼ -9.4% |
| 2024 | 0.51x | CN¥31.45 Billion | CN¥16.14 Billion | ▲ +81.2% |
| 2023 | 0.28x | CN¥40.13 Billion | CN¥11.37 Billion | ▼ -87.3% |
| 2021 | 2.23x | CN¥7.69 Billion | CN¥17.14 Billion | ▼ -45.6% |
| 2020 | 4.10x | CN¥2.70 Billion | CN¥11.06 Billion | ▲ +717.8% |
| 2019 | 0.50x | CN¥31.18 Billion | CN¥15.63 Billion | ▼ -68.0% |
| 2018 | 1.57x | CN¥15.39 Billion | CN¥24.09 Billion | ▲ +100.5% |
| 2017 | 0.78x | CN¥17.73 Billion | CN¥13.85 Billion | ▼ -2.4% |
| 2016 | 0.80x | CN¥23.76 Billion | CN¥19.02 Billion | ▲ +54.9% |
| 2015 | 0.52x | CN¥23.73 Billion | CN¥12.26 Billion | ▼ -20.5% |
| 2014 | 0.65x | CN¥13.57 Billion | CN¥8.82 Billion | ▼ -49.0% |
| 2013 | 1.27x | CN¥9.70 Billion | CN¥12.36 Billion | ▼ -5.2% |
| 2012 | 1.34x | CN¥11.70 Billion | CN¥15.73 Billion | ▼ -15.8% |
| 2011 | 1.60x | CN¥12.56 Billion | CN¥20.04 Billion | ▲ +35.6% |
| 2010 | 1.18x | CN¥11.44 Billion | CN¥13.47 Billion | ▼ -29.7% |
| 2009 | 1.68x | CN¥8.96 Billion | CN¥15.01 Billion | ▼ -76.9% |
| 2008 | 7.24x | CN¥1.16 Billion | CN¥8.36 Billion | ▲ +804.1% |
| 2007 | 0.80x | CN¥6.87 Billion | CN¥5.50 Billion | ▼ -30.8% |
| 2006 | 1.16x | CN¥2.22 Billion | CN¥2.57 Billion | ▼ -55.0% |
| 2005 | 2.57x | CN¥3.83 Billion | CN¥9.87 Billion | ▼ -43.6% |
| 2004 | 4.56x | CN¥3.60 Billion | CN¥16.41 Billion | ▲ +3.2% |
| 2003 | 4.42x | CN¥2.13 Billion | CN¥9.41 Billion | ▲ +157.4% |
| 2002 | 1.72x | CN¥3.70 Billion | CN¥6.35 Billion | ▲ +28.0% |
| 2001 | 1.34x | CN¥2.22 Billion | CN¥2.98 Billion | ▲ +128.8% |
| 2000 | 0.59x | CN¥2.36 Billion | CN¥1.38 Billion | ▲ +35.3% |
| 1999 | 0.43x | CN¥3.20 Billion | CN¥1.39 Billion | ▼ -85.2% |
| 1998 | 2.94x | CN¥1.11 Billion | CN¥3.25 Billion | ▲ +133.9% |
| 1997 | 1.26x | CN¥2.68 Billion | CN¥3.36 Billion | — |