Air China Ltd Class A

SHG:601111 China Airlines
Market Cap
$12.58 Billion
CN¥92.32 Billion CNY
Market Cap Rank
#2682 Global
#189 in China
Share Price
CN¥7.39
Change (1 day)
-0.14%
52-Week Range
CN¥6.92 - CN¥9.37
All Time High
CN¥13.91
Categories
Companies in China Airlines
About

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, and internationally. It operates in Airline Operations and Other Operations segments. The company also provides aircraft engineering and airport ground handling services. In addition, it is involved in the import and export trading busines… Read more

Air China Ltd Class A (601111) - Net Assets

Latest net assets as of September 2025: CN¥42.33 Billion CNY

Based on the latest financial reports, Air China Ltd Class A (601111) has net assets worth CN¥42.33 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¥349.36 Billion) and total liabilities (CN¥307.03 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¥42.33 Billion
% of Total Assets 12.12%
Annual Growth Rate 11.52%
5-Year Change -51.15%
10-Year Change -38.52%
Growth Volatility 58.8

Air China Ltd Class A - Net Assets Trend (2002–2024)

This chart illustrates how Air China 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 Air China Ltd Class A (2002–2024)

The table below shows the annual net assets of Air China Ltd Class A from 2002 to 2024.

Year Net Assets Change
2024-12-31 CN¥40.95 Billion +16.03%
2023-12-31 CN¥35.29 Billion +63.67%
2022-12-31 CN¥21.56 Billion -67.27%
2021-12-31 CN¥65.87 Billion -21.42%
2020-12-31 CN¥83.81 Billion -17.32%
2019-12-31 CN¥101.38 Billion +0.82%
2018-12-31 CN¥100.56 Billion +5.93%
2017-12-31 CN¥94.93 Billion +24.14%
2016-12-31 CN¥76.47 Billion +14.83%
2015-12-31 CN¥66.60 Billion +11.98%
2014-12-31 CN¥59.47 Billion +2.64%
2013-12-31 CN¥57.94 Billion +7.41%
2012-12-31 CN¥53.95 Billion +8.98%
2011-12-31 CN¥49.50 Billion +18.71%
2010-12-31 CN¥41.70 Billion +74.03%
2009-12-31 CN¥23.96 Billion +18.11%
2008-12-31 CN¥20.29 Billion -35.47%
2007-12-31 CN¥31.44 Billion -9.96%
2006-12-31 CN¥34.92 Billion +54.42%
2005-12-31 CN¥22.61 Billion +14.95%
2004-12-31 CN¥19.67 Billion +250.66%
2003-12-31 CN¥5.61 Billion +50.78%
2002-12-31 CN¥3.72 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Air China 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 3074412000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥17.45 Billion 38.65%
Other Comprehensive Income CN¥15.24 Billion 33.75%
Other Components CN¥43.21 Billion 95.70%
Total Equity CN¥45.15 Billion 100.00%

Air China Ltd Class A Competitors by Market Cap

The table below lists competitors of Air China Ltd Class A ranked by their market capitalization.

Company Market Cap
EMS-CHEMIE HOLDING AG
PINK:EMSHF
 		$5.25 Billion
Valaris Ltd
NYSE:VAL
 		$5.26 Billion
FIRSTSERVICE
F:1GIA
 		$5.26 Billion
Everbright Securities Co Ltd
SHG:601788
 		$5.26 Billion
Granite Construction Incorporated
NYSE:GVA
 		$5.24 Billion
British Land Company Plc
PINK:BRLAF
 		$5.24 Billion
Kokusai Electric Corporation
F:69B
 		$5.23 Billion
Enpro Industries
NYSE:NPO
 		$5.23 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Air China Ltd Class A's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 37,229,962,000 to 45,147,411,000, a change of 7,917,449,000 (21.3%).
  • Net loss of 237,305,000 reduced equity.
  • Dividend payments of 6,561,686,000 reduced retained earnings.
  • Other comprehensive income increased equity by 355,207,000.
  • Other factors increased equity by 14,361,233,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-237.31 Million -0.53%
Dividends Paid CN¥6.56 Billion -14.53%
Other Comprehensive Income CN¥355.21 Million +0.79%
Other Changes CN¥14.36 Billion +31.81%
Total Change CN¥- 21.27%

Book Value vs Market Value Analysis

This analysis compares Air China 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: 2.60x
  • 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 33.42x to 2.60x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 CN¥0.22 CN¥7.39 x
2003-12-31 CN¥0.42 CN¥7.39 x
2004-12-31 CN¥1.66 CN¥7.39 x
2005-12-31 CN¥1.93 CN¥7.39 x
2006-12-31 CN¥3.05 CN¥7.39 x
2007-12-31 CN¥2.60 CN¥7.39 x
2008-12-31 CN¥1.66 CN¥7.39 x
2009-12-31 CN¥2.00 CN¥7.39 x
2010-12-31 CN¥3.58 CN¥7.39 x
2011-12-31 CN¥3.81 CN¥7.39 x
2012-12-31 CN¥4.12 CN¥7.39 x
2013-12-31 CN¥4.41 CN¥7.39 x
2014-12-31 CN¥4.41 CN¥7.39 x
2015-12-31 CN¥4.86 CN¥7.39 x
2016-12-31 CN¥5.56 CN¥7.39 x
2017-12-31 CN¥6.42 CN¥7.39 x
2018-12-31 CN¥6.73 CN¥7.39 x
2019-12-31 CN¥6.81 CN¥7.39 x
2020-12-31 CN¥5.65 CN¥7.39 x
2021-12-31 CN¥4.47 CN¥7.39 x
2022-12-31 CN¥1.72 CN¥7.39 x
2023-12-31 CN¥2.42 CN¥7.39 x
2024-12-31 CN¥2.85 CN¥7.39 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Air China 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): -0.53%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -0.14%
  • • Asset Turnover: 0.48x
  • • Equity Multiplier: 7.66x
  • Recent ROE (-0.53%) is above the historical average (-1.63%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 36.51% 3.34% 0.45x 24.20x CN¥601.05 Million
2003 5.04% 0.89% 0.46x 12.34x CN¥-212.06 Million
2004 15.05% 7.35% 0.51x 3.99x CN¥859.57 Million
2005 8.62% 4.26% 0.58x 3.48x CN¥-274.72 Million
2006 10.22% 6.79% 0.54x 2.79x CN¥67.38 Million
2007 12.41% 7.80% 0.56x 2.82x CN¥752.54 Million
2008 -46.27% -17.27% 0.54x 5.00x CN¥-11.13 Billion
2009 21.02% 9.84% 0.48x 4.44x CN¥2.64 Billion
2010 29.31% 15.08% 0.52x 3.73x CN¥8.04 Billion
2011 16.00% 7.70% 0.56x 3.71x CN¥2.80 Billion
2012 9.71% 4.92% 0.54x 3.67x CN¥-147.69 Million
2013 6.13% 3.40% 0.48x 3.79x CN¥-2.10 Billion
2014 7.03% 3.64% 0.50x 3.86x CN¥-1.62 Billion
2015 11.32% 6.22% 0.51x 3.57x CN¥791.97 Million
2016 9.89% 6.05% 0.50x 3.25x CN¥-73.63 Million
2017 8.41% 5.97% 0.51x 2.74x CN¥-1.37 Billion
2018 7.87% 5.36% 0.56x 2.61x CN¥-1.99 Billion
2019 6.85% 4.71% 0.46x 3.15x CN¥-2.94 Billion
2020 -18.57% -20.73% 0.24x 3.66x CN¥-22.17 Billion
2021 -27.10% -22.33% 0.25x 4.86x CN¥-22.78 Billion
2022 -163.58% -73.01% 0.18x 12.50x CN¥-40.98 Billion
2023 -2.81% -0.74% 0.42x 9.01x CN¥-4.77 Billion
2024 -0.53% -0.14% 0.48x 7.66x CN¥-4.75 Billion

Industry Comparison

This section compares Air China Ltd Class A's net assets metrics with peer companies in the Airlines industry.

Industry Context

  • Industry: Airlines
  • Average net assets among peers: $3,877,591,580
  • Average return on equity (ROE) among peers: -8.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Air China Ltd Class A (601111) CN¥42.33 Billion 36.51% 7.25x $5.24 Billion
Spring Airlines Co Ltd (601021) $8.46 Billion 14.91% 1.43x $2.78 Billion
Juneyao Airlines (603885) $1.63 Billion 20.81% 2.86x $1.45 Billion
Hainan Airlines Co Ltd B (900945) $1.54 Billion -59.77% 90.94x $5.90 Billion