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China Southern Airlines Co Ltd
F:ZNH

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China Southern Airlines Co Ltd
F:ZNH
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Price: 33.6 EUR -0.59% Market Closed
Market Cap: €19.6B

Net Margin

-0.8%
Current
Improving
by 5.8%
vs 3-y average of -6.6%

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
-0.8%
=
Net Income
¥-1.4B
/
Revenue
¥177.2B

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
-0.8%
=
Net Income
€-1.4B
/
Revenue
¥177.2B

Peer Comparison

Market Distribution

In line with most companies in China
Percentile
32nd
Based on 8 721 companies
32nd percentile
-0.8%
Low
-416 945.9% — -1.5%
Typical Range
-1.5% — 8.9%
High
8.9% — 17 382.1%
Distribution Statistics
China
Min -416 945.9%
30th Percentile -1.5%
Median 3.5%
70th Percentile 8.9%
Max 17 382.1%

China Southern Airlines Co Ltd
Glance View

Market Cap
19.6B EUR
Industry
Airlines

China Southern Airlines Co Ltd, one of Asia's leading carriers, traces its roots back to 1988, when the Chinese government restructured its aviation industry, paving the way for this regional behemoth to take to the skies. With its headquarters strategically placed in Guangzhou, this airline has meticulously built its vast network, connecting over 200 destinations across more than 40 countries worldwide. The company's business model hinges on a robust blend of passenger and cargo services. Passenger transport remains the linchpin of its operations, with its fleet comprising more than 600 aircraft. Domestic flights within China contribute significantly to its revenue streams, though its international operations, particularly to key global hubs like Los Angeles, Sydney, and Paris, also play a critical role in driving earnings. To bolster its core business, China Southern has invested substantially in ancillary services that support its primary operations. These include partnerships with global airlines through codeshare agreements and membership in the SkyTeam alliance, which extends its connectivity beyond its standalone reach. The company also leverages the synergies of its subsidiaries, which provide additional aviation services ranging from aircraft maintenance to airport ground handling. Another revenue stream stems from its cargo operations, which have become increasingly vital, especially amidst the shifts in global trade dynamics. Despite the challenges of the ever-fluctuating aviation market, China Southern Airlines continues to adapt by embracing new technologies and optimizing efficiency across its operations, ensuring that it remains a formidable player in the competitive airline industry.

ZNH Intrinsic Value
73.57 EUR
Undervaluation 54%
Intrinsic Value
Price
What is Net Margin?
Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.
How is Net Margin calculated?

Net Margin is calculated by dividing the Net Income by the Revenue.

Net Margin
-0.8%
=
Net Income
¥-1.4B
/
Revenue
¥177.2B
What is China Southern Airlines Co Ltd's current Net Margin?

The current Net Margin for China Southern Airlines Co Ltd is -0.8%, which is above its 3-year median of -6.6%.

How has Net Margin changed over time?

Over the last 3 years, China Southern Airlines Co Ltd’s Net Margin has increased from -25.3% to -0.8%. During this period, it reached a low of -37.5% on Dec 31, 2022 and a high of -0.8% on Sep 30, 2025.

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