China Southern Airlines Co Ltd Class A Net Assets
China Southern Airlines Co Ltd Class A net assets. Based on the latest financial reports, China Southern Airlines Co Ltd Class A (600029) has net assets worth CN¥57.16 Billion CNY (≈ $8.36 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥356.51 Billion ≈ $52.17 Billion USD) and total liabilities (CN¥299.35 Billion ≈ $43.80 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. Also explore net asset momentum of China Southern Airlines Co Ltd Class A to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥57.16 Billion |
| % of Total Assets | 16.03% |
| Annual Growth Rate | 6.38% |
| 5-Year Change | -34.9% |
| 10-Year Change | 0.06% |
| Growth Volatility | 27.57 |
Net Assets of China Southern Airlines Co Ltd Class A (1997–2025)
Net assets of China Southern Airlines Co Ltd Class A from 1997 to 2025. This chart illustrates how China Southern Airlines Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. See net asset quality index of China Southern Airlines Co Ltd Class A to measure how much of total assets are equity-financed.
Annual Net Assets for China Southern Airlines Co Ltd Class A (1997–2025)
The table below shows the annual net assets of China Southern Airlines Co Ltd Class A from 1997 to 2025. For live market cap and overall valuation, see market value of China Southern Airlines Co Ltd Class A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥55.01 Billion ≈ $8.05 Billion |
+4.59% |
| 2024-12-31 | CN¥52.59 Billion ≈ $7.70 Billion |
+1.15% |
| 2023-12-31 | CN¥52.00 Billion ≈ $7.61 Billion |
-6.07% |
| 2022-12-31 | CN¥55.36 Billion ≈ $8.10 Billion |
-34.49% |
| 2021-12-31 | CN¥84.51 Billion ≈ $12.37 Billion |
-0.73% |
| 2020-12-31 | CN¥85.13 Billion ≈ $12.46 Billion |
+10.09% |
| 2019-12-31 | CN¥77.33 Billion ≈ $11.32 Billion |
-1.45% |
| 2018-12-31 | CN¥78.47 Billion ≈ $11.48 Billion |
+25.46% |
| 2017-12-31 | CN¥62.54 Billion ≈ $9.15 Billion |
+13.76% |
| 2016-12-31 | CN¥54.98 Billion ≈ $8.04 Billion |
+10.79% |
| 2015-12-31 | CN¥49.62 Billion ≈ $7.26 Billion |
+11.53% |
| 2014-12-31 | CN¥44.49 Billion ≈ $6.51 Billion |
+4.81% |
| 2013-12-31 | CN¥42.45 Billion ≈ $6.21 Billion |
+6.84% |
| 2012-12-31 | CN¥39.73 Billion ≈ $5.81 Billion |
+5.18% |
| 2011-12-31 | CN¥37.78 Billion ≈ $5.53 Billion |
+25.04% |
| 2010-12-31 | CN¥30.21 Billion ≈ $4.42 Billion |
+127.82% |
| 2009-12-31 | CN¥13.26 Billion ≈ $1.94 Billion |
+39.91% |
| 2008-12-31 | CN¥9.48 Billion ≈ $1.39 Billion |
-35.57% |
| 2007-12-31 | CN¥14.71 Billion ≈ $2.15 Billion |
+21.38% |
| 2006-12-31 | CN¥12.12 Billion ≈ $1.77 Billion |
+1.55% |
| 2005-12-31 | CN¥11.94 Billion ≈ $1.75 Billion |
-14.15% |
| 2004-12-31 | CN¥13.90 Billion ≈ $2.03 Billion |
+2.46% |
| 2003-12-31 | CN¥13.57 Billion ≈ $1.99 Billion |
+21.92% |
| 2002-12-31 | CN¥11.13 Billion ≈ $1.63 Billion |
+5.00% |
| 2001-12-31 | CN¥10.60 Billion ≈ $1.55 Billion |
+4.20% |
| 2000-12-31 | CN¥10.17 Billion ≈ $1.49 Billion |
+5.76% |
| 1999-12-31 | CN¥9.62 Billion ≈ $1.41 Billion |
+3.72% |
| 1998-12-31 | CN¥9.27 Billion ≈ $1.36 Billion |
-4.71% |
| 1997-12-31 | CN¥9.73 Billion ≈ $1.42 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to China Southern 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 4241.9% over the analyzed period, potentially due to dividend distributions or operating losses.
China Southern Airlines Co Ltd Class A Net Assets Breakdown (December 2025)
China Southern Airlines Co Ltd Class A net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥73.31 Billion | 206.03% |
| Total Equity | CN¥35.58 Billion | 100.00% |
China Southern Airlines Co Ltd Class A Competitors by Market Cap
The table below lists competitors of China Southern Airlines Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Kinwong Electronic Co Ltd
SHG:603228
|
$9.59 Billion |
|
Trelleborg AB (publ)
ST:TREL-B
|
$9.59 Billion |
|
JAPAN EX UN.ADR 1/2 O.N.
F:OSKU
|
$9.61 Billion |
|
Confluent Inc
NASDAQ:CFLT
|
$9.62 Billion |
|
Federal Realty Investment Trust
NYSE:FRT
|
$9.57 Billion |
|
Harmony Gold Mining Company Limited
F:HAM
|
$9.57 Billion |
|
Solstice Advanced Materials, Inc
NASDAQ:SOLS
|
$9.57 Billion |
|
Watts Water Technologies Inc
NYSE:WTS
|
$9.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Southern 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 34,729,000,000 to 35,580,000,000, a change of 851,000,000 (2.5%).
- Net income of 857,000,000 contributed positively to equity growth.
- Dividend payments of 5,811,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 169,000,000.
- Other factors increased equity by 5,974,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥857.00 Million | +2.41% |
| Dividends Paid | CN¥5.81 Billion | -16.33% |
| Other Comprehensive Income | CN¥-169.00 Million | -0.47% |
| Other Changes | CN¥5.97 Billion | +16.79% |
| Total Change | CN¥- | 2.45% |
Book Value vs Market Value Analysis
This analysis compares China Southern 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: 2.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 2.27x to 2.48x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥2.14 | CN¥4.86 | x |
| 1998-12-31 | CN¥1.61 | CN¥4.86 | x |
| 1999-12-31 | CN¥1.66 | CN¥4.86 | x |
| 2000-12-31 | CN¥1.64 | CN¥4.86 | x |
| 2001-12-31 | CN¥1.81 | CN¥4.86 | x |
| 2002-12-31 | CN¥1.89 | CN¥4.86 | x |
| 2003-12-31 | CN¥1.99 | CN¥4.86 | x |
| 2004-12-31 | CN¥1.81 | CN¥4.86 | x |
| 2005-12-31 | CN¥1.52 | CN¥4.86 | x |
| 2006-12-31 | CN¥1.55 | CN¥4.86 | x |
| 2007-12-31 | CN¥1.87 | CN¥4.86 | x |
| 2008-12-31 | CN¥1.07 | CN¥4.86 | x |
| 2009-12-31 | CN¥1.46 | CN¥4.86 | x |
| 2010-12-31 | CN¥3.21 | CN¥4.86 | x |
| 2011-12-31 | CN¥3.28 | CN¥4.86 | x |
| 2012-12-31 | CN¥3.34 | CN¥4.86 | x |
| 2013-12-31 | CN¥3.50 | CN¥4.86 | x |
| 2014-12-31 | CN¥3.64 | CN¥4.86 | x |
| 2015-12-31 | CN¥3.98 | CN¥4.86 | x |
| 2016-12-31 | CN¥4.43 | CN¥4.86 | x |
| 2017-12-31 | CN¥5.03 | CN¥4.86 | x |
| 2018-12-31 | CN¥6.09 | CN¥4.86 | x |
| 2019-12-31 | CN¥5.23 | CN¥4.86 | x |
| 2020-12-31 | CN¥4.95 | CN¥4.86 | x |
| 2021-12-31 | CN¥4.19 | CN¥4.86 | x |
| 2022-12-31 | CN¥2.40 | CN¥4.86 | x |
| 2023-12-31 | CN¥2.03 | CN¥4.86 | x |
| 2024-12-31 | CN¥1.84 | CN¥4.86 | x |
| 2025-12-31 | CN¥1.96 | CN¥4.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Southern 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): 2.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.47%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 9.83x
- Recent ROE (2.41%) is above the historical average (-2.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 13.17% | 8.91% | 0.39x | 3.74x | CN¥273.78 Million |
| 1998 | -6.69% | -4.59% | 0.37x | 3.94x | CN¥-1.36 Billion |
| 1999 | 0.98% | 0.62% | 0.41x | 3.89x | CN¥-755.74 Million |
| 2000 | 5.65% | 3.31% | 0.49x | 3.48x | CN¥-386.46 Million |
| 2001 | 3.69% | 2.02% | 0.55x | 3.32x | CN¥-581.94 Million |
| 2002 | 5.99% | 3.20% | 0.48x | 3.87x | CN¥-385.56 Million |
| 2003 | -3.01% | -2.05% | 0.45x | 3.28x | CN¥-1.55 Billion |
| 2004 | -0.41% | -0.20% | 0.39x | 5.25x | CN¥-1.23 Billion |
| 2005 | -18.46% | -4.82% | 0.54x | 7.14x | CN¥-2.85 Billion |
| 2006 | 1.24% | 0.27% | 0.61x | 7.42x | CN¥-892.80 Million |
| 2007 | 15.28% | 3.43% | 0.67x | 6.69x | CN¥646.40 Million |
| 2008 | -68.17% | -8.66% | 0.67x | 11.83x | CN¥-5.49 Billion |
| 2009 | 5.09% | 0.96% | 0.58x | 9.15x | CN¥-508.10 Million |
| 2010 | 21.69% | 7.58% | 0.69x | 4.16x | CN¥3.12 Billion |
| 2011 | 15.88% | 5.65% | 0.70x | 4.02x | CN¥1.89 Billion |
| 2012 | 8.00% | 2.59% | 0.71x | 4.34x | CN¥-655.90 Million |
| 2013 | 5.52% | 1.93% | 0.59x | 4.81x | CN¥-1.54 Billion |
| 2014 | 4.96% | 1.64% | 0.57x | 5.31x | CN¥-1.80 Billion |
| 2015 | 9.97% | 3.49% | 0.60x | 4.76x | CN¥-12.50 Million |
| 2016 | 11.63% | 4.40% | 0.57x | 4.61x | CN¥710.40 Million |
| 2017 | 11.84% | 4.64% | 0.58x | 4.38x | CN¥920.40 Million |
| 2018 | 4.57% | 2.08% | 0.58x | 3.78x | CN¥-3.54 Billion |
| 2019 | 4.14% | 1.72% | 0.50x | 4.79x | CN¥-3.76 Billion |
| 2020 | -15.58% | -11.71% | 0.28x | 4.69x | CN¥-17.80 Billion |
| 2021 | -17.84% | -11.91% | 0.31x | 4.76x | CN¥-18.89 Billion |
| 2022 | -79.18% | -37.54% | 0.28x | 7.57x | CN¥-36.81 Billion |
| 2023 | -11.44% | -2.63% | 0.52x | 8.41x | CN¥-7.89 Billion |
| 2024 | -4.88% | -0.97% | 0.53x | 9.49x | CN¥-5.17 Billion |
| 2025 | 2.41% | 0.47% | 0.52x | 9.83x | CN¥-2.70 Billion |
Industry Comparison
This section compares China Southern 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: $7,041,853,674
- Average return on equity (ROE) among peers: 9.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Southern Airlines Co Ltd Class A (600029) | CN¥57.16 Billion | 13.17% | 5.24x | $9.58 Billion |
| China Express Airlines Co Ltd Class A (002928) | $793.93 Million | 43.55% | 3.56x | $1.10 Billion |
| China Eastern Airlines Corp Ltd (600115) | $1.68 Billion | 10.07% | 41.87x | $8.10 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 | $5.80 Billion |
| Air China Ltd Class A (601111) | $23.96 Billion | 20.99% | 3.43x | $13.12 Billion |
| Juneyao Airlines (603885) | $9.57 Billion | -43.34% | 3.72x | $3.10 Billion |
| Hainan Airlines Co Ltd B (900945) | $1.58 Billion | 19.71% | 83.98x | $67.98 Million |
About China Southern Airlines Co Ltd Class A
China Southern Airlines Company Limited, together with its subsidiaries, provides airline transport services in China, Hong Kong, Macau, Taiwan, and internationally. It operates in two segments, Aviation Operations and Other. The company offers air passenger; freight; mail; airline catering; hotel and travel; leasing; and internet services. It also provides online services, including seat and che… Read more