China Southern Airlines Co Ltd Class A (600029) - Net Assets

Latest as of September 2025: CN¥56.58 Billion CNY

Based on the latest financial reports, China Southern Airlines Co Ltd Class A (600029) has net assets worth CN¥56.58 Billion CNY as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥340.58 Billion) and total liabilities (CN¥284.00 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥56.58 Billion
% of Total Assets 16.61%
Annual Growth Rate 6.45%
5-Year Change -38.22%
10-Year Change 5.99%
Growth Volatility 28.06

China Southern Airlines Co Ltd Class A - Net Assets Trend (1997–2024)

This chart illustrates how China Southern Airlines Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for China Southern Airlines Co Ltd Class A (1997–2024)

The table below shows the annual net assets of China Southern Airlines Co Ltd Class A from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥52.59 Billion +1.15%
2023-12-31 CN¥52.00 Billion -6.07%
2022-12-31 CN¥55.36 Billion -34.49%
2021-12-31 CN¥84.51 Billion -0.73%
2020-12-31 CN¥85.13 Billion +10.09%
2019-12-31 CN¥77.33 Billion -1.45%
2018-12-31 CN¥78.47 Billion +25.46%
2017-12-31 CN¥62.54 Billion +13.76%
2016-12-31 CN¥54.98 Billion +10.79%
2015-12-31 CN¥49.62 Billion +11.53%
2014-12-31 CN¥44.49 Billion +4.81%
2013-12-31 CN¥42.45 Billion +6.84%
2012-12-31 CN¥39.73 Billion +5.18%
2011-12-31 CN¥37.78 Billion +25.04%
2010-12-31 CN¥30.21 Billion +127.82%
2009-12-31 CN¥13.26 Billion +39.91%
2008-12-31 CN¥9.48 Billion -35.57%
2007-12-31 CN¥14.71 Billion +21.38%
2006-12-31 CN¥12.12 Billion +1.55%
2005-12-31 CN¥11.94 Billion -14.15%
2004-12-31 CN¥13.90 Billion +2.46%
2003-12-31 CN¥13.57 Billion +21.92%
2002-12-31 CN¥11.13 Billion +5.00%
2001-12-31 CN¥10.60 Billion +4.20%
2000-12-31 CN¥10.17 Billion +5.76%
1999-12-31 CN¥9.62 Billion +3.72%
1998-12-31 CN¥9.27 Billion -4.71%
1997-12-31 CN¥9.73 Billion --

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 4336.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥18.12 Billion 52.18%
Other Comprehensive Income CN¥169.00 Million 0.49%
Other Components CN¥55.02 Billion 158.44%
Total Equity CN¥34.73 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
Daiwa Securities Group Inc
F:DSE
 		$11.28 Billion
360 Security Technology Inc
SHG:601360
 		$11.30 Billion
Deutsche Lufthansa AG
XETRA:LHA
 		$11.31 Billion
China Aerospace Times Electronics Co Ltd
SHG:600879
 		$11.31 Billion
Vodafone Idea Limited
NSE:IDEA
 		$11.26 Billion
Nova Measuring Instruments Ltd
F:NMR
 		$11.26 Billion
James Hardie Industries plc
F:JHA
 		$11.25 Billion
Rakuten Group Inc
F:RAK
 		$11.25 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 2023 to 2024, total equity changed from 36,784,000,000 to 34,729,000,000, a change of -2,055,000,000 (-5.6%).
  • Net loss of 1,696,000,000 reduced equity.
  • Dividend payments of 5,899,000,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 2,855,000,000.
  • Other factors increased equity by 8,395,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-1.70 Billion -4.88%
Dividends Paid CN¥5.90 Billion -16.99%
Other Comprehensive Income CN¥-2.85 Billion -8.22%
Other Changes CN¥8.39 Billion +24.17%
Total Change CN¥- -5.59%

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: 3.10x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has increased from 2.66x to 3.10x 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¥5.71 x
1998-12-31 CN¥1.61 CN¥5.71 x
1999-12-31 CN¥1.66 CN¥5.71 x
2000-12-31 CN¥1.64 CN¥5.71 x
2001-12-31 CN¥1.81 CN¥5.71 x
2002-12-31 CN¥1.89 CN¥5.71 x
2003-12-31 CN¥1.99 CN¥5.71 x
2004-12-31 CN¥1.81 CN¥5.71 x
2005-12-31 CN¥1.52 CN¥5.71 x
2006-12-31 CN¥1.55 CN¥5.71 x
2007-12-31 CN¥1.87 CN¥5.71 x
2008-12-31 CN¥1.07 CN¥5.71 x
2009-12-31 CN¥1.46 CN¥5.71 x
2010-12-31 CN¥3.21 CN¥5.71 x
2011-12-31 CN¥3.28 CN¥5.71 x
2012-12-31 CN¥3.34 CN¥5.71 x
2013-12-31 CN¥3.50 CN¥5.71 x
2014-12-31 CN¥3.64 CN¥5.71 x
2015-12-31 CN¥3.98 CN¥5.71 x
2016-12-31 CN¥4.43 CN¥5.71 x
2017-12-31 CN¥5.03 CN¥5.71 x
2018-12-31 CN¥6.09 CN¥5.71 x
2019-12-31 CN¥5.23 CN¥5.71 x
2020-12-31 CN¥4.95 CN¥5.71 x
2021-12-31 CN¥4.19 CN¥5.71 x
2022-12-31 CN¥2.40 CN¥5.71 x
2023-12-31 CN¥2.03 CN¥5.71 x
2024-12-31 CN¥1.84 CN¥5.71 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): -4.88%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -0.97%
  • • Asset Turnover: 0.53x
  • • Equity Multiplier: 9.49x
  • Recent ROE (-4.88%) is below the historical average (-2.73%), suggesting potential challenges in 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

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: $12,483,773,436
  • Average return on equity (ROE) among peers: 6.80%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Southern Airlines Co Ltd Class A (600029) CN¥56.58 Billion 13.17% 5.02x $11.26 Billion
China Eastern Airlines Corp Ltd (600115) $21.81 Billion 20.98% 4.26x $10.99 Billion
Hainan Airlines Co Ltd A (600221) $1.54 Billion -59.77% 90.94x $9.28 Billion
Spring Airlines Co Ltd (601021) $2.74 Billion 26.69% 1.79x $6.79 Billion
Air China Ltd Class A (601111) $34.92 Billion 9.14% 1.49x $12.65 Billion
Juneyao Airlines (603885) $1.41 Billion 36.97% 2.57x $3.84 Billion

About China Southern Airlines Co Ltd Class A

SHG:600029 China Airlines
Market Cap
$11.26 Billion
CN¥76.95 Billion CNY
Market Cap Rank
#1846 Global
#203 in China
Share Price
CN¥5.71
Change (1 day)
-0.87%
52-Week Range
CN¥5.46 - CN¥8.29
All Time High
CN¥12.54
Categories
Companies in China Airlines
About

China Southern Airlines Company Limited offers airline transportation services in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers cargo, mail and luggage transportation services; providing aircraft maintenance services; operating agency business for domestic and foreign airlines; providing airline catering services; aviation ground extension busin… Read more