Juneyao Airlines (603885) - Net Assets

Latest as of September 2025: CN¥9.82 Billion CNY ≈ $1.44 Billion USD

Based on the latest financial reports, Juneyao Airlines (603885) has net assets worth CN¥9.82 Billion CNY (≈ $1.44 Billion USD) 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 ≈ $7.30 Billion USD) and total liabilities (CN¥40.08 Billion ≈ $5.86 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 603885 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Juneyao Airlines (603885) total assets for the complete picture of this company's asset base.

Annual Net Assets for Juneyao Airlines (2011–2024)

The table below shows the annual net assets of Juneyao Airlines from 2011 to 2024. For live valuation and market cap data, see 603885 market cap.

Year	Net Assets	Change
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 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
ENAGAS A.A. ADR1/2/EO150 F:EG40	$3.66 Billion
USA Rare Earth, Inc. NASDAQ:USAR	$3.66 Billion
Holmen AB (publ) ST:HOLM-B	$3.66 Billion
Minor International Public Company Limited BK:MINT	$3.66 Billion
CGN Power Co Ltd F:94C	$3.65 Billion
Sealand Securities Co Ltd SHE:000750	$3.65 Billion
Tutor Perini Corporation NYSE:TPC	$3.65 Billion
ELF Beauty Inc NYSE:ELF	$3.65 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: 2.80x
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 10.67x to 2.80x 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¥11.44	x
2012-12-31	CN¥0.95	CN¥11.44	x
2013-12-31	CN¥1.17	CN¥11.44	x
2014-12-31	CN¥1.44	CN¥11.44	x
2015-12-31	CN¥2.23	CN¥11.44	x
2016-12-31	CN¥4.46	CN¥11.44	x
2017-12-31	CN¥4.83	CN¥11.44	x
2018-12-31	CN¥5.28	CN¥11.44	x
2019-12-31	CN¥6.56	CN¥11.44	x
2020-12-31	CN¥5.53	CN¥11.44	x
2021-12-31	CN¥5.13	CN¥11.44	x
2022-12-31	CN¥4.32	CN¥11.44	x
2023-12-31	CN¥3.80	CN¥11.44	x
2024-12-31	CN¥4.09	CN¥11.44	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: $8,062,815,100
Average return on equity (ROE) among peers: 24.89%

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	$3.66 Billion
China Express Airlines Co Ltd Class A (002928)	$793.93 Million	43.55%	3.56x	$1.48 Billion
China Southern Airlines Co Ltd Class A (600029)	$13.26 Billion	3.97%	6.14x	$10.67 Billion
China Eastern Airlines Corp Ltd (600115)	$24.55 Billion	12.92%	4.04x	$10.76 Billion
Hainan Airlines Co Ltd A (600221)	$400.19 Million	21.78%	2.89x	$9.47 Billion
Spring Airlines Co Ltd (601021)	$2.74 Billion	26.69%	1.79x	$6.75 Billion
Air China Ltd Class A (601111)	$3.72 Billion	22.25%	13.75x	$12.30 Billion
Hainan Airlines Co Ltd B (900945)	$10.97 Billion	43.05%	12.06x	$92.36 Million

About Juneyao Airlines

SHG:603885 China Airlines

Market Cap

$3.66 Billion

CN¥24.99 Billion CNY

Market Cap Rank

#4370 Global

#772 in China

Share Price

CN¥11.44

Change (1 day)

-1.29%

52-Week Range

CN¥10.74 - CN¥15.71

All Time High

CN¥26.40