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Transportation

China Southern Airlines Co. Ltd.

  • 4.87 HKD
  • -0.03
  • -0.61%
  • China
    Sep 18, 2019
  • Ticker
    HKG(1055)
  • Prev. close
    4.90
  • Market cap (HKD)
    82,089.67M
  • Market cap (USD)
    10,485.50M
  • Shares
    12,267.17M

Company Background

China Southern Airlines is one of the top three Chinese carriers, alongside Air China and China Eastern Airlines. By sales and passenger numbers in 2014, it ranked No. 1.

China Southern in 2014 carried more than 100 million passengers for the first time. As of April 2015, it had 474 aircraft in its fleet.

The airline is based at Guangzhou Baiyun International Airport in Guangzhou, Guangdong Province. It was established in 1995 and listed on the Hong Kong Exchanges and Clearing in 1997.

The airline is expanding internationally. Its strength is in the Asia-Pacific region, flying to popular destinations such as Bangkok and other parts of Southeast Asia, as well as Japan, Australia and New Zealand. Last year, the airline served 1,052 destinations in 177 countries and regions, including code shares.

China Southern's subsidiaries include Xiamen Airlines, Shantou Airlines, Guizhou Airlines, Zhuhai Airlines, Chongqing Airlines and Henan Airlines. It is a member of SkyTeam, an alliance led by U.S. carrier Delta Air Lines.

Business Summary

China Southern Airlines Co. Ltd. engages in the provision of domestic, international, and regional scheduled and unscheduled air transportation of passenger, cargo, mail and baggage, general aviation, and aircraft maintenance. The company operates through the following segments: Airline Transportation Operations, and Other segments. The Airline Transportation Operations segment engages in the passenger and cargo and mail operations. The other segment includes hotel and tour operation, ground services, cargo handling and other miscellaneous services. The company was founded on March 25, 1995 and is headquartered in Guangzhou, China.

Financial Highlights

Dec 2018 HKDUSD
Revenue169,792.64M21,664.00M
Gross Profit17,108.25M2,182.85M
Operating income4,358.79M556.14M
Income before tax4,766.24M608.12M
Net income3,533.22M450.80M
EBITDA21,374.65M2,727.21M
Diluted EPS0.320.04
Dividends Per Share0.050.00
Total Assets281,798.21M35,992.54M
Total liabilities192,544.74M24,592.68M
Total equity73,879.17M9,436.18M
Operating cash flow18,482.21M2,358.16M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 136,078.50M 137,154.41M 133,850.51M 146,755.67M 169,792.64M
Gross Profit 16,075.19M 24,173.75M 20,956.75M 17,666.44M 17,108.25M
Operating income 3,089.68M 12,283.00M 10,123.17M 5,651.27M 4,358.79M
Income before tax 3,387.96M 7,119.65M 8,220.99M 9,546.40M 4,766.24M
Net income 2,231.37M 4,750.13M 5,907.52M 6,819.35M 3,533.22M
EBITDA 16,934.77M 27,099.57M 25,042.71M 20,968.88M 21,374.65M
Diluted EPS 0.22 0.48 0.59 0.69 0.32
Dividends Per Share 0.05 0.09 0.11 0.12 0.05
Total Assets 237,116.66M 222,290.47M 223,869.06M 262,638.23M 281,798.21M
Total liabilities 181,268.99M 162,528.05M 162,370.45M 187,833.68M 192,544.74M
Total equity 44,170.39M 46,247.16M 47,939.11M 59,274.38M 73,879.17M
Operating cash flow 16,509.38M 28,943.62M 27,800.18M 20,712.89M 18,482.21M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 17,547.91M 17,691.46M 17,243.31M 18,832.17M 21,664.00M
Gross Profit 2,072.96M 3,118.15M 2,699.75M 2,267.01M 2,182.85M
Operating income 398.42M 1,584.37M 1,304.12M 725.19M 556.14M
Income before tax 436.89M 918.35M 1,059.07M 1,225.02M 608.12M
Net income 287.74M 612.71M 761.03M 875.08M 450.80M
EBITDA 2,183.81M 3,495.55M 3,226.13M 2,690.79M 2,727.21M
Diluted EPS 0.02 0.06 0.07 0.08 0.04
Dividends Per Share 0.00 0.01 0.01 0.01 0.00
Total Assets 30,576.56M 28,682.08M 28,874.59M 33,597.05M 35,992.54M
Total liabilities 23,374.92M 20,970.95M 20,942.51M 24,027.94M 24,592.68M
Total equity 5,695.84M 5,967.25M 6,183.17M 7,582.46M 9,436.18M
Operating cash flow 2,128.95M 3,733.42M 3,581.36M 2,657.94M 2,358.16M

Valuation Measures

Dec 2018
PER14.71
ROA1.29%
ROE5.30%
Operating margin2.56%
Profit margin2.08%

Key executives

  • Vice Chairman, President & Chief Executive Officer: Xu Lun Ma
  • Chief Operating Officer: Ren jie Wang
  • Chief Financial Officer & Chief Accountant: Li Xin Xiao
  • Executive Vice President: Zheng Rong Zhang
  • Executive Vice President: Lai Jun Luo

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (45.5%)
  • American Airlines Group, Inc. (7.3%)
  • Government of Qatar (5%)
  • The Vanguard Group, Inc. (1.7%)
  • FIL Investment Management (Hong Kong) Ltd. (0.8%)
  • Dimensional Fund Advisors LP (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • Norges Bank Investment Management (0.6%)
  • Yinhua Fund Management Co., Ltd. (0.4%)
  • BlackRock Advisors (UK) Ltd. (0.2%)

Contact Details

  • Website:http://www.csair.com
  • Address: China Southern Airlines Building, 68 Qixin Road, Guangzhou, 510403, China
  • Phone: +86.20.86124462

Related Companies

  • Southern Airlines General Aviation Co., Ltd.
  • China Southern Airlines Henan Airlines Co., Ltd.
  • Shantou Airlines Co., Ltd.
  • Southern Airlines Group Import & Export Trading Co.
  • China Southern Airlines Co. Ltd. (Australia)
  • Tian He Information Technology Co., Ltd.
  • China Southern Airlines Group Passenger & Cargo Agent Co. Ltd.
  • China Southern Zhuhai Helicopter Co.
  • Guanxi Airlines Co. Ltd.
  • China Southern West Australian Flying College Pty Ltd.
  • Southern Airlines Group Shantou Airlines Co., Ltd.
  • Zhuhai Xiang Yi Aviation Technology Co., Ltd.
  • Beijing China Southern Airlines Ground Services Co., Ltd.
  • Nan Lung International Freight Ltd.
  • Guangzhou Baiyun International Logistic Co., Ltd.
  • Guangzhou Nanland Air Catering Co., Ltd.
  • Zhuhai Airlines Co., Ltd.
  • Guizhou Airlines Co., Ltd.
  • Chongqing Airlines Co., Ltd.
  • Guangzhou Nanlian Aviation Food Co. Ltd.
  • Xiamen Airlines Co., Ltd.
  • Guangxi Airlines Co. Ltd.
  • China Xinjiang Airlines
  • China Northern Airlines
  • Southern Airlines Advertising Co.
  • Zhongyuan Airlines

Competitors

  • China Airlines Ltd.
  • China Eastern Airlines Corporation Limited Class H
  • PT Garuda Indonesia (Persero) Tbk Class B
  • PAL Holdings, Inc.
  • Thai Airways International Public Co. Ltd.
  • Qantas Airways Limited
  • Cathay Pacific Airways Limited
  • Air China Limited Class H
  • Eva Airways Corporation
  • Singapore Airlines Ltd.
  • Deutsche Lufthansa AG
  • United Airlines Holdings, Inc.
  • Vietnam Airlines JSC
  • AirAsia Group Bhd.
  • Shandong Airlines Co., Ltd. Class B
  • Spring Airlines Co., Ltd. Class A
Last Updated on 18 Sep, 2019

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