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Transportation

China Southern Airlines Co. Ltd.

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
Revenue170,114.82M21,705.11M
Gross Profit19,371.74M2,471.65M
Operating income4,004.63M510.95M
Income before tax4,620.55M589.54M
Net income3,428.99M437.50M
EBITDA20,550.27M2,622.02M
Diluted EPS0.310.04
Dividends Per Share0.050.00
Total Assets281,610.05M35,968.51M
Total liabilities192,030.44M24,526.99M
Total equity74,416.28M9,504.78M
Operating cash flow18,555.65M2,367.53M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 136,656.16M 137,720.58M 134,345.92M 147,371.42M 170,114.82M
Gross Profit 17,806.93M 26,001.77M 22,864.78M 19,663.59M 19,371.74M
Operating income 3,770.55M 13,426.43M 10,853.43M 6,245.11M 4,004.63M
Income before tax 3,353.98M 6,845.81M 8,237.35M 9,621.35M 4,620.55M
Net income 2,236.40M 4,608.28M 5,893.50M 6,873.55M 3,428.99M
EBITDA 17,397.91M 28,037.01M 25,362.86M 21,192.58M 20,550.27M
Diluted EPS 0.22 0.46 0.60 0.69 0.31
Dividends Per Share 0.05 0.09 0.11 0.12 0.05
Total Assets 237,105.41M 221,978.97M 223,621.39M 262,559.00M 281,610.05M
Total liabilities 181,490.23M 162,752.43M 162,287.89M 187,300.68M 192,030.44M
Total equity 44,684.13M 46,600.43M 48,481.31M 59,945.43M 74,416.28M
Operating cash flow 17,202.83M 29,381.50M 27,970.77M 20,702.52M 18,555.65M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 17,622.40M 17,764.49M 17,307.13M 18,911.18M 21,705.11M
Gross Profit 2,296.28M 3,353.95M 2,945.55M 2,523.29M 2,471.65M
Operating income 486.22M 1,731.86M 1,398.19M 801.39M 510.95M
Income before tax 432.51M 883.03M 1,061.17M 1,234.64M 589.54M
Net income 288.39M 594.41M 759.23M 882.03M 437.50M
EBITDA 2,243.53M 3,616.47M 3,267.37M 2,719.50M 2,622.02M
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 30,575.11M 28,641.89M 28,842.65M 33,586.91M 35,968.51M
Total liabilities 23,403.45M 20,999.90M 20,931.86M 23,959.76M 24,526.99M
Total equity 5,762.08M 6,012.84M 6,253.11M 7,668.30M 9,504.78M
Operating cash flow 2,218.38M 3,789.90M 3,603.33M 2,656.61M 2,367.53M

Valuation Measures

Dec 2018
PER13.29
ROA1.26%
ROE5.10%
Operating margin2.35%
Profit margin2.01%

Key executives

  • Vice Chairman, President & Chief Executive Officer: Xu Lun Ma
  • Chief Financial Officer, Chief Accountant & EVP: Li Xin Xiao
  • Executive Vice President: Zheng Rong Zhang
  • Executive Vice President: Lai Jun Luo
  • Chief Economist: Liang Su

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (62.3%)
  • 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%)
  • BlackRock Advisors (UK) Ltd. (0.2%)
  • Fullgoal Fund Management Co., Ltd. (0.1%)

Contact Details

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

Related Companies

  • Guangzhou Baiyun International Logistics Co. Ltd.
  • 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
  • Eva Airways Corporation
  • Singapore Airlines Ltd.
  • Air China Limited Class H
  • Deutsche Lufthansa AG
  • United Airlines Holdings, Inc.
  • Vietnam Airlines JSC
  • Air New Zealand Limited
  • AirAsia Group Bhd.
  • Shandong Airlines Co., Ltd. Class B
  • Spring Airlines Co., Ltd. Class A
Last Updated on 17 Jan, 2020

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