China Southern Airlines Co Ltd Class A Capital Reinvestment Ratio
China Southern Airlines Co Ltd Class A 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 cash flow after capex 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
Capital Reinvestment Ratio of China Southern Airlines Co Ltd Class A (1997–2025)
Capital reinvestment ratio of China Southern Airlines Co Ltd Class A from 1997 to 2025. This chart tracks China Southern Airlines Co Ltd Class A's Capital Reinvestment Ratio across 28 annual periods. See 600029 financial flexibility score to measure the company's free cash flow as a share of total liabilities.
China Southern Airlines Co Ltd Class A Capital Reinvestment Ratio by Year (1997–2025)
China Southern Airlines Co Ltd Class A capital reinvestment ratio by year from 1997 to 2025. For the full cash flow conversion analysis, see 600029 cash flow conversion.
| 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 | — |