China Express Airlines Co Ltd Class A Net Assets
China Express Airlines Co Ltd Class A net assets. Based on the latest financial reports, China Express Airlines Co Ltd Class A (002928) has net assets worth CN¥3.89 Billion CNY (≈ $569.57 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥24.75 Billion ≈ $3.62 Billion USD) and total liabilities (CN¥20.86 Billion ≈ $3.05 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See China Express Airlines Co Ltd Class A (002928) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.89 Billion |
| % of Total Assets | 15.72% |
| Annual Growth Rate | 32.47% |
| 5-Year Change | 6.85% |
| 10-Year Change | 386.97% |
| Growth Volatility | 36.84 |
Net Assets of China Express Airlines Co Ltd Class A (2013–2025)
Net assets of China Express Airlines Co Ltd Class A from 2013 to 2025. This chart illustrates how China Express Airlines Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore net asset growth rate of China Express Airlines Co Ltd Class A to track the company's year-over-year net asset growth rate.
Annual Net Assets for China Express Airlines Co Ltd Class A (2013–2025)
The table below shows the annual net assets of China Express Airlines Co Ltd Class A from 2013 to 2025. For live market cap and overall valuation, see China Express Airlines Co Ltd Class A (002928) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.87 Billion ≈ $565.75 Million |
+15.14% |
| 2024-12-31 | CN¥3.36 Billion ≈ $491.37 Million |
+8.76% |
| 2023-12-31 | CN¥3.09 Billion ≈ $451.80 Million |
-23.81% |
| 2022-12-31 | CN¥4.05 Billion ≈ $593.01 Million |
+12.00% |
| 2021-12-31 | CN¥3.62 Billion ≈ $529.47 Million |
-8.47% |
| 2020-12-31 | CN¥3.95 Billion ≈ $578.47 Million |
+42.10% |
| 2019-12-31 | CN¥2.78 Billion ≈ $407.08 Million |
+30.98% |
| 2018-12-31 | CN¥2.12 Billion ≈ $310.80 Million |
+84.67% |
| 2017-12-31 | CN¥1.15 Billion ≈ $168.30 Million |
+44.87% |
| 2016-12-31 | CN¥793.93 Million ≈ $116.18 Million |
+76.58% |
| 2015-12-31 | CN¥449.62 Million ≈ $65.79 Million |
+75.89% |
| 2014-12-31 | CN¥255.63 Million ≈ $37.41 Million |
+93.15% |
| 2013-12-31 | CN¥132.35 Million ≈ $19.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Express Airlines Co Ltd Class A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1613.4% over the analyzed period, potentially due to dividend distributions or operating losses.
China Express Airlines Co Ltd Class A Net Assets Breakdown (December 2025)
China Express Airlines Co Ltd Class A net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥4.58 Billion | 118.47% |
| Total Equity | CN¥3.87 Billion | 100.00% |
China Express Airlines Co Ltd Class A Competitors by Market Cap
The table below lists competitors of China Express Airlines Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Northeast Bancorp
NASDAQ:NBN
|
$1.10 Billion |
|
Excelerate Energy Inc
NYSE:EE
|
$1.10 Billion |
|
Qingdao Yunlu Advanced Materials Technology Co. Ltd. A
SHG:688190
|
$1.10 Billion |
|
Hyundai Department
KO:069960
|
$1.10 Billion |
|
Icade SA
PA:ICAD
|
$1.10 Billion |
|
Asseco South Eastern Europe S.A.
WAR:ASE
|
$1.10 Billion |
|
Meren Energy
ST:MER
|
$1.10 Billion |
|
CLARIVATE PLC
NYSE:CLVT
|
$1.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Express Airlines Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,357,944,123 to 3,866,236,252, a change of 508,292,129 (15.1%).
- Net income of 625,910,360 contributed positively to equity growth.
- Dividend payments of 200,763,527 reduced retained earnings.
- Other comprehensive income decreased equity by 174,302,209.
- Other factors increased equity by 257,447,505.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥625.91 Million | +16.19% |
| Dividends Paid | CN¥200.76 Million | -5.19% |
| Other Comprehensive Income | CN¥-174.30 Million | -4.51% |
| Other Changes | CN¥257.45 Million | +6.66% |
| Total Change | CN¥- | 15.14% |
Book Value vs Market Value Analysis
This analysis compares China Express Airlines Co Ltd Class A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.96x to 1.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.74 | CN¥5.88 | x |
| 2014-12-31 | CN¥1.43 | CN¥5.88 | x |
| 2015-12-31 | CN¥2.50 | CN¥5.88 | x |
| 2016-12-31 | CN¥0.98 | CN¥5.88 | x |
| 2017-12-31 | CN¥1.42 | CN¥5.88 | x |
| 2018-12-31 | CN¥2.40 | CN¥5.88 | x |
| 2019-12-31 | CN¥3.04 | CN¥5.88 | x |
| 2020-12-31 | CN¥3.90 | CN¥5.88 | x |
| 2021-12-31 | CN¥3.57 | CN¥5.88 | x |
| 2022-12-31 | CN¥3.93 | CN¥5.88 | x |
| 2023-12-31 | CN¥2.42 | CN¥5.88 | x |
| 2024-12-31 | CN¥2.63 | CN¥5.88 | x |
| 2025-12-31 | CN¥3.02 | CN¥5.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Express Airlines Co Ltd Class A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.19%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.39%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 6.16x
- Recent ROE (16.19%) is below the historical average (18.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 74.59% | 11.48% | 0.55x | 11.80x | CN¥86.15 Million |
| 2014 | 48.11% | 9.61% | 0.71x | 7.03x | CN¥97.95 Million |
| 2015 | 53.79% | 13.49% | 0.73x | 5.47x | CN¥196.79 Million |
| 2016 | 43.55% | 13.55% | 0.71x | 4.56x | CN¥266.38 Million |
| 2017 | 32.54% | 10.85% | 0.63x | 4.77x | CN¥259.21 Million |
| 2018 | 11.65% | 5.81% | 0.55x | 3.67x | CN¥35.07 Million |
| 2019 | 18.05% | 9.29% | 0.55x | 3.52x | CN¥224.04 Million |
| 2020 | 15.50% | 12.96% | 0.41x | 2.92x | CN¥217.57 Million |
| 2021 | -3.11% | -2.84% | 0.24x | 4.48x | CN¥-474.39 Million |
| 2022 | -48.71% | -74.69% | 0.15x | 4.32x | CN¥-2.38 Billion |
| 2023 | -31.25% | -18.73% | 0.28x | 5.89x | CN¥-1.27 Billion |
| 2024 | 7.98% | 4.00% | 0.32x | 6.16x | CN¥-67.82 Million |
| 2025 | 16.19% | 8.39% | 0.31x | 6.16x | CN¥239.29 Million |
Industry Comparison
This section compares China Express Airlines Co Ltd Class A's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $14,782,149,084
- Average return on equity (ROE) among peers: 4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Express Airlines Co Ltd Class A (002928) | CN¥3.89 Billion | 74.59% | 5.36x | $1.10 Billion |
| China Southern Airlines Co Ltd Class A (600029) | $54.98 Billion | 9.20% | 2.65x | $9.53 Billion |
| China Eastern Airlines Corp Ltd (600115) | $1.68 Billion | 10.07% | 41.87x | $8.07 Billion |
| Hainan Airlines Co Ltd A (600221) | $3.25 Billion | 3.09% | 3.62x | $7.21 Billion |
| Spring Airlines Co Ltd (601021) | $8.46 Billion | 14.91% | 1.43x | $5.53 Billion |
| Air China Ltd Class A (601111) | $23.96 Billion | 20.99% | 3.43x | $13.07 Billion |
| Juneyao Airlines (603885) | $9.57 Billion | -43.34% | 3.72x | $3.01 Billion |
| Hainan Airlines Co Ltd B (900945) | $1.58 Billion | 19.71% | 83.98x | $68.35 Million |
About China Express Airlines Co Ltd Class A
China Express Airlines Co.,LTD engages in the air passenger and cargo transportation business in China. The company operates through operation bases located in Chongqing, Guiyang, Dalian, Hohhot, Xi'an, Korla, and Quzhou with approximately 182 routes, including 179 domestic routes and 3 international routes to approximately 130 destinations. It also engages in the manufacturing of railway, ship, … Read more