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 China Southern Airlines Co Ltd Class A net asset quality index to measure how much of total assets are equity-financed.
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. Check how aggressively does China Southern Airlines Co Ltd Class A reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
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 600029 stock market capitalisation.
| 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 | — |