Air China Ltd Class A (601111) — Capital Reinvestment Ratio
Air China Ltd Class A (601111) has a Capital Reinvestment Ratio of 0.76x as of December 2025, meaning it reinvests 1% of its operating cash flow (CN¥8.97 Billion) in capital expenditures (CN¥6.81 Billion). Check how tangible is Air China Ltd Class A's equity to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Air China Ltd Class A Capital Reinvestment Ratio (2002–2025)
This chart tracks Air China Ltd Class A's Capital Reinvestment Ratio across 23 annual periods. For the full cash flow conversion analysis, see 601111 operating cash flow.
Annual Capital Reinvestment Ratio for Air China Ltd Class A (2002–2025)
Year-by-year Capital Reinvestment Ratio for Air China Ltd Class A from 2002 to 2025. See 601111 cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CNY) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.40x | CN¥44.11 Billion | CN¥17.56 Billion | ▼ -31.6% |
| 2024 | 0.58x | CN¥34.55 Billion | CN¥20.10 Billion | ▼ -9.5% |
| 2023 | 0.64x | CN¥35.42 Billion | CN¥22.77 Billion | ▲ +36.4% |
| 2021 | 0.47x | CN¥12.89 Billion | CN¥6.07 Billion | ▼ -94.5% |
| 2020 | 8.55x | CN¥1.41 Billion | CN¥12.04 Billion | ▲ +2400.3% |
| 2019 | 0.34x | CN¥38.34 Billion | CN¥13.11 Billion | ▼ -12.7% |
| 2018 | 0.39x | CN¥31.42 Billion | CN¥12.31 Billion | ▼ -41.4% |
| 2017 | 0.67x | CN¥26.39 Billion | CN¥17.64 Billion | ▼ -0.5% |
| 2016 | 0.67x | CN¥30.72 Billion | CN¥20.64 Billion | ▲ +179.7% |
| 2015 | 0.24x | CN¥31.75 Billion | CN¥7.63 Billion | ▼ -70.7% |
| 2014 | 0.82x | CN¥16.90 Billion | CN¥13.83 Billion | ▼ -36.3% |
| 2013 | 1.29x | CN¥17.44 Billion | CN¥22.41 Billion | ▲ +4.3% |
| 2012 | 1.23x | CN¥12.42 Billion | CN¥15.30 Billion | ▲ +18.4% |
| 2011 | 1.04x | CN¥21.64 Billion | CN¥22.52 Billion | ▲ +18.1% |
| 2010 | 0.88x | CN¥19.67 Billion | CN¥17.32 Billion | ▼ -21.7% |
| 2009 | 1.13x | CN¥6.90 Billion | CN¥7.76 Billion | ▲ +5.4% |
| 2008 | 1.07x | CN¥7.05 Billion | CN¥7.53 Billion | ▲ +17.9% |
| 2007 | 0.90x | CN¥9.35 Billion | CN¥8.46 Billion | ▲ +8.7% |
| 2006 | 0.83x | CN¥7.40 Billion | CN¥6.16 Billion | ▼ -52.4% |
| 2005 | 1.75x | CN¥7.07 Billion | CN¥12.36 Billion | ▲ +109.9% |
| 2004 | 0.83x | CN¥8.19 Billion | CN¥6.82 Billion | ▲ +69.9% |
| 2003 | 0.49x | CN¥7.63 Billion | CN¥3.74 Billion | ▲ +20.3% |
| 2002 | 0.41x | CN¥7.10 Billion | CN¥2.89 Billion | — |