Juneyao Airlines
Juneyao Airlines Co., Ltd operates air transport business in China. The company offers air passenger, cargo transportation, and mail transportation services, as well as flights to Hong Kong, Macao, Taiwan, and internationally. Juneyao Airlines Co., Ltd was founded in 2006 and is based in Shanghai, China.
Juneyao Airlines (603885) - Net Assets
Latest net assets as of September 2025: CN¥9.82 Billion CNY
Based on the latest financial reports, Juneyao Airlines (603885) has net assets worth CN¥9.82 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¥49.89 Billion) and total liabilities (CN¥40.08 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¥9.82 Billion |
| % of Total Assets | 19.67% |
| Annual Growth Rate | 15.2% |
| 5-Year Change | -18.35% |
| 10-Year Change | 156.62% |
| Growth Volatility | 36.83 |
Juneyao Airlines - Net Assets Trend (2011–2024)
This chart illustrates how Juneyao Airlines's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Juneyao Airlines (2011–2024)
The table below shows the annual net assets of Juneyao Airlines from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.89 Billion | +5.92% |
| 2023-12-31 | CN¥8.39 Billion | -12.32% |
| 2022-12-31 | CN¥9.57 Billion | -5.25% |
| 2021-12-31 | CN¥10.10 Billion | -7.21% |
| 2020-12-31 | CN¥10.88 Billion | -15.91% |
| 2019-12-31 | CN¥12.94 Billion | +34.83% |
| 2018-12-31 | CN¥9.60 Billion | +9.30% |
| 2017-12-31 | CN¥8.78 Billion | +13.55% |
| 2016-12-31 | CN¥7.74 Billion | +123.35% |
| 2015-12-31 | CN¥3.46 Billion | +63.42% |
| 2014-12-31 | CN¥2.12 Billion | +30.20% |
| 2013-12-31 | CN¥1.63 Billion | +22.47% |
| 2012-12-31 | CN¥1.33 Billion | -5.87% |
| 2011-12-31 | CN¥1.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Juneyao Airlines'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 grown by 50.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥552.73 Million | 6.21% |
| Common Stock | CN¥2.20 Billion | 24.71% |
| Other Comprehensive Income | CN¥-1.48 Billion | -16.60% |
| Other Components | CN¥7.63 Billion | 85.68% |
| Total Equity | CN¥8.90 Billion | 100.00% |
Juneyao Airlines Competitors by Market Cap
The table below lists competitors of Juneyao Airlines ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Huaqiang Industry Co Ltd
SHE:000062
|
$1.45 Billion |
|
DeNA Co. Ltd
PINK:DNACF
|
$1.45 Billion |
|
0LUG
LSE:0LUG
|
$1.45 Billion |
|
FUYO GENERAL LEASE CO.LTD
F:FXL
|
$1.45 Billion |
|
TATE +LYLE LS-2916666667
F:TLYB
|
$1.45 Billion |
|
APERAM S.A. NY SHS/1 O.N.
F:7AAN
|
$1.45 Billion |
|
Steelcase Inc
NYSE:SCS
|
$1.45 Billion |
|
Weibo Corp
NASDAQ:WB
|
$1.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Juneyao Airlines's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,402,878,032 to 8,899,789,166, a change of 496,911,134 (5.9%).
- Net income of 914,284,354 contributed positively to equity growth.
- Dividend payments of 1,042,359,333 reduced retained earnings.
- Share repurchases of 299,969,365 reduced equity.
- Other comprehensive income increased equity by 272,003,587.
- Other factors increased equity by 652,951,891.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥914.28 Million | +10.27% |
| Dividends Paid | CN¥1.04 Billion | -11.71% |
| Share Repurchases | CN¥299.97 Million | -3.37% |
| Other Comprehensive Income | CN¥272.00 Million | +3.06% |
| Other Changes | CN¥652.95 Million | +7.34% |
| Total Change | CN¥- | 5.91% |
Book Value vs Market Value Analysis
This analysis compares Juneyao Airlines'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: 2.94x
- 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 11.20x to 2.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.07 | CN¥12.01 | x |
| 2012-12-31 | CN¥0.95 | CN¥12.01 | x |
| 2013-12-31 | CN¥1.17 | CN¥12.01 | x |
| 2014-12-31 | CN¥1.44 | CN¥12.01 | x |
| 2015-12-31 | CN¥2.23 | CN¥12.01 | x |
| 2016-12-31 | CN¥4.46 | CN¥12.01 | x |
| 2017-12-31 | CN¥4.83 | CN¥12.01 | x |
| 2018-12-31 | CN¥5.28 | CN¥12.01 | x |
| 2019-12-31 | CN¥6.56 | CN¥12.01 | x |
| 2020-12-31 | CN¥5.53 | CN¥12.01 | x |
| 2021-12-31 | CN¥5.13 | CN¥12.01 | x |
| 2022-12-31 | CN¥4.32 | CN¥12.01 | x |
| 2023-12-31 | CN¥3.80 | CN¥12.01 | x |
| 2024-12-31 | CN¥4.09 | CN¥12.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Juneyao Airlines 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): 10.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.14%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 5.37x
- Recent ROE (10.27%) is below the historical average (10.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 36.97% | 12.93% | 0.80x | 3.57x | CN¥380.81 Million |
| 2012 | 17.27% | 5.16% | 0.72x | 4.62x | CN¥96.64 Million |
| 2013 | 20.81% | 5.71% | 0.94x | 3.86x | CN¥175.88 Million |
| 2014 | 21.33% | 6.43% | 0.84x | 3.96x | CN¥227.16 Million |
| 2015 | 31.12% | 12.84% | 0.61x | 3.98x | CN¥710.78 Million |
| 2016 | 16.37% | 12.58% | 0.57x | 2.28x | CN¥486.25 Million |
| 2017 | 15.32% | 10.68% | 0.61x | 2.34x | CN¥460.61 Million |
| 2018 | 13.08% | 8.58% | 0.67x | 2.28x | CN¥290.03 Million |
| 2019 | 7.71% | 5.94% | 0.51x | 2.57x | CN¥-295.43 Million |
| 2020 | -4.37% | -4.69% | 0.31x | 2.98x | CN¥-1.56 Billion |
| 2021 | -4.75% | -4.06% | 0.27x | 4.36x | CN¥-1.48 Billion |
| 2022 | -43.47% | -50.52% | 0.18x | 4.73x | CN¥-5.10 Billion |
| 2023 | 9.26% | 3.87% | 0.45x | 5.34x | CN¥-62.27 Million |
| 2024 | 10.27% | 4.14% | 0.46x | 5.37x | CN¥24.31 Million |
Industry Comparison
This section compares Juneyao Airlines's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $33,712,822,155
- Average return on equity (ROE) among peers: 9.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Juneyao Airlines (603885) | CN¥9.82 Billion | 36.97% | 4.08x | $1.45 Billion |
| Hainan Airlines Co Ltd A (600221) | $3.46 Billion | -6.23% | 7.86x | $4.83 Billion |
| Spring Airlines Co Ltd (601021) | $2.74 Billion | 26.69% | 1.79x | $2.78 Billion |
| Air China Ltd Class A (601111) | $94.93 Billion | 7.63% | 1.48x | $5.24 Billion |