Juneyao Airlines (603885) - Net Assets

Latest as of June 2026: CN¥8.63 Billion CNY ≈ $1.26 Billion USD

Based on the latest financial reports, Juneyao Airlines (603885) has net assets worth CN¥8.63 Billion CNY (≈ $1.26 Billion 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¥52.10 Billion ≈ $7.62 Billion USD) and total liabilities (CN¥43.48 Billion ≈ $6.36 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. Check asset allocation strategy of Juneyao Airlines to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥8.63 Billion
% of Total Assets	16.56%
Annual Growth Rate	16.61%
5-Year Change	20.12%
10-Year Change	56.84%
Growth Volatility	35.75

Juneyao Airlines - Net Assets Trend (2011–2025)

This chart illustrates how Juneyao Airlines's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603885 stock market capitalisation.

Annual Net Assets for Juneyao Airlines (2011–2025)

The table below shows the annual net assets of Juneyao Airlines from 2011 to 2025. Also explore how fast is Juneyao Airlines growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥12.13 Billion ≈ $1.78 Billion	+36.51%
2024-12-31	CN¥8.89 Billion ≈ $1.30 Billion	+5.92%
2023-12-31	CN¥8.39 Billion ≈ $1.23 Billion	-12.32%
2022-12-31	CN¥9.57 Billion ≈ $1.40 Billion	-5.25%
2021-12-31	CN¥10.10 Billion ≈ $1.48 Billion	-7.21%
2020-12-31	CN¥10.88 Billion ≈ $1.59 Billion	-15.91%
2019-12-31	CN¥12.94 Billion ≈ $1.89 Billion	+34.83%
2018-12-31	CN¥9.60 Billion ≈ $1.40 Billion	+9.30%
2017-12-31	CN¥8.78 Billion ≈ $1.29 Billion	+13.55%
2016-12-31	CN¥7.74 Billion ≈ $1.13 Billion	+123.35%
2015-12-31	CN¥3.46 Billion ≈ $506.78 Million	+63.42%
2014-12-31	CN¥2.12 Billion ≈ $310.10 Million	+30.20%
2013-12-31	CN¥1.63 Billion ≈ $238.16 Million	+22.47%
2012-12-31	CN¥1.33 Billion ≈ $194.46 Million	-5.87%
2011-12-31	CN¥1.41 Billion ≈ $206.60 Million	--

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 251.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.30 Billion	10.67%
Other Components	CN¥10.85 Billion	89.33%
Total Equity	CN¥12.14 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
Hyundai Steel KO:004020	$3.21 Billion
Minmetals Capital Co Ltd SHG:600390	$3.21 Billion
ACERINOX ADR 1/2/EO-25 F:ACE	$3.22 Billion
Hiab B HE:HIAB	$3.22 Billion
YETI Holdings Inc NYSE:YETI	$3.21 Billion
Qingdao Hanhe Cable Co Ltd SHE:002498	$3.20 Billion
Pt Pradiksi Gunatama Tbk JK:PGUN	$3.20 Billion
Taseko Mines Ltd TO:TKO	$3.20 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 2024 to 2025, total equity changed from 8,899,789,166 to 12,144,397,249, a change of 3,244,608,083 (36.5%).
Net income of 1,039,638,382 contributed positively to equity growth.
Dividend payments of 665,074,545 reduced retained earnings.
Other comprehensive income increased equity by 1,476,952,848.
Other factors increased equity by 1,393,091,397.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.04 Billion	+8.56%
Dividends Paid	CN¥665.07 Million	-5.48%
Other Comprehensive Income	CN¥1.48 Billion	+12.16%
Other Changes	CN¥1.39 Billion	+11.47%
Total Change	CN¥-	36.46%

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: 1.82x
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 9.42x to 1.82x 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¥10.10	x
2012-12-31	CN¥0.95	CN¥10.10	x
2013-12-31	CN¥1.17	CN¥10.10	x
2014-12-31	CN¥1.44	CN¥10.10	x
2015-12-31	CN¥2.23	CN¥10.10	x
2016-12-31	CN¥4.46	CN¥10.10	x
2017-12-31	CN¥4.83	CN¥10.10	x
2018-12-31	CN¥5.28	CN¥10.10	x
2019-12-31	CN¥6.56	CN¥10.10	x
2020-12-31	CN¥5.53	CN¥10.10	x
2021-12-31	CN¥5.13	CN¥10.10	x
2022-12-31	CN¥4.32	CN¥10.10	x
2023-12-31	CN¥3.80	CN¥10.10	x
2024-12-31	CN¥4.09	CN¥10.10	x
2025-12-31	CN¥5.56	CN¥10.10	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): 8.56%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.62%
• Asset Turnover: 0.43x
• Equity Multiplier: 4.30x
Recent ROE (8.56%) is below the historical average (10.37%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
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
2025	8.56%	4.62%	0.43x	4.30x	CN¥-174.80 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: $13,528,458,606
Average return on equity (ROE) among peers: 17.36%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Juneyao Airlines (603885)	CN¥8.63 Billion	36.97%	5.04x	$3.21 Billion
China Express Airlines Co Ltd Class A (002928)	$793.93 Million	43.55%	3.56x	$1.21 Billion
China Southern Airlines Co Ltd Class A (600029)	$54.98 Billion	9.20%	2.65x	$9.72 Billion
China Eastern Airlines Corp Ltd (600115)	$1.68 Billion	10.07%	41.87x	$8.50 Billion
Hainan Airlines Co Ltd A (600221)	$3.25 Billion	3.09%	3.62x	$7.77 Billion
Spring Airlines Co Ltd (601021)	$8.46 Billion	14.91%	1.43x	$6.00 Billion
Air China Ltd Class A (601111)	$23.96 Billion	20.99%	3.43x	$13.25 Billion
Hainan Airlines Co Ltd B (900945)	$1.58 Billion	19.71%	83.98x	$74.26 Million

About Juneyao Airlines

SHG:603885 China Airlines

Market Cap

$3.21 Billion

CN¥21.91 Billion CNY

Market Cap Rank

#4740 Global

#778 in China

Share Price

CN¥10.10

Change (1 day)

+1.20%

52-Week Range

CN¥9.91 - CN¥15.71

All Time High

CN¥26.40