China Southern Airlines Co Ltd
SSE:600029
Income Statement
Earnings Waterfall
China Southern Airlines Co Ltd
Revenue
|
159.9B
CNY
|
Cost of Revenue
|
-147.6B
CNY
|
Gross Profit
|
12.3B
CNY
|
Operating Expenses
|
-7.8B
CNY
|
Operating Income
|
4.6B
CNY
|
Other Expenses
|
-8.8B
CNY
|
Net Income
|
-4.2B
CNY
|
Income Statement
China Southern Airlines Co Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
98 130
N/A
|
100 495
+2%
|
102 338
+2%
|
105 533
+3%
|
108 313
+3%
|
110 080
+2%
|
111 440
+1%
|
111 837
+0%
|
111 500
0%
|
111 788
+0%
|
112 239
+0%
|
112 801
+1%
|
114 803
+2%
|
117 770
+3%
|
121 053
+3%
|
124 284
+3%
|
127 489
+3%
|
130 627
+2%
|
134 726
+3%
|
140 255
+4%
|
143 623
+2%
|
147 155
+2%
|
149 007
+1%
|
151 399
+2%
|
154 322
+2%
|
137 830
-11%
|
120 347
-13%
|
103 007
-14%
|
92 561
-10%
|
92 673
+0%
|
105 173
+13%
|
105 706
+1%
|
101 644
-4%
|
101 862
+0%
|
90 885
-11%
|
93 310
+3%
|
87 059
-7%
|
99 643
+14%
|
118 072
+18%
|
136 389
+16%
|
159 929
+17%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(87 328)
|
(88 842)
|
(91 176)
|
(93 834)
|
(95 129)
|
(94 367)
|
(93 472)
|
(91 714)
|
(91 496)
|
(91 766)
|
(92 335)
|
(93 812)
|
(96 460)
|
(101 170)
|
(105 319)
|
(107 935)
|
(111 797)
|
(114 682)
|
(119 040)
|
(125 015)
|
(128 625)
|
(131 799)
|
(133 294)
|
(134 400)
|
(135 688)
|
(127 887)
|
(114 690)
|
(103 997)
|
(94 959)
|
(94 826)
|
(104 052)
|
(105 550)
|
(104 246)
|
(106 081)
|
(102 141)
|
(106 984)
|
(105 995)
|
(114 543)
|
(123 669)
|
(132 416)
|
(147 590)
|
|
Gross Profit |
10 802
N/A
|
11 653
+8%
|
11 162
-4%
|
11 699
+5%
|
13 184
+13%
|
15 713
+19%
|
17 968
+14%
|
20 123
+12%
|
20 004
-1%
|
20 022
+0%
|
19 904
-1%
|
18 989
-5%
|
18 343
-3%
|
16 600
-10%
|
15 734
-5%
|
16 349
+4%
|
15 692
-4%
|
15 945
+2%
|
15 686
-2%
|
15 240
-3%
|
14 998
-2%
|
15 356
+2%
|
15 713
+2%
|
16 999
+8%
|
18 634
+10%
|
9 943
-47%
|
5 657
-43%
|
(990)
N/A
|
(2 398)
-142%
|
(2 153)
+10%
|
1 121
N/A
|
156
-86%
|
(2 602)
N/A
|
(4 219)
-62%
|
(11 256)
-167%
|
(13 674)
-21%
|
(18 936)
-38%
|
(14 900)
+21%
|
(5 597)
+62%
|
3 973
N/A
|
12 339
+211%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(11 112)
|
(11 029)
|
(11 047)
|
(11 060)
|
(10 875)
|
(10 954)
|
(10 707)
|
(10 208)
|
(10 178)
|
(9 439)
|
(9 360)
|
(9 614)
|
(9 768)
|
(9 695)
|
(8 650)
|
(8 325)
|
(7 890)
|
(7 966)
|
(7 710)
|
(7 697)
|
(7 287)
|
(6 578)
|
(6 984)
|
(6 826)
|
(8 809)
|
(7 857)
|
(7 950)
|
(7 390)
|
(6 003)
|
(5 312)
|
(5 425)
|
(5 058)
|
(5 525)
|
(5 077)
|
(4 415)
|
(4 308)
|
(4 146)
|
(4 159)
|
(5 329)
|
(5 844)
|
(7 767)
|
|
Selling, General & Administrative |
(10 544)
|
(10 461)
|
(10 473)
|
(10 496)
|
(10 516)
|
(10 749)
|
(10 500)
|
(10 000)
|
(9 776)
|
(9 329)
|
(9 257)
|
(9 509)
|
(9 411)
|
(9 712)
|
(9 764)
|
(9 754)
|
(10 519)
|
(10 510)
|
(10 675)
|
(10 891)
|
(10 808)
|
(10 929)
|
(11 030)
|
(11 301)
|
(11 796)
|
(11 689)
|
(11 010)
|
(10 495)
|
(9 145)
|
(9 077)
|
(9 525)
|
(9 208)
|
(8 513)
|
(8 579)
|
(8 054)
|
(7 718)
|
(7 900)
|
(8 508)
|
(9 316)
|
(10 233)
|
(10 508)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(87)
|
(135)
|
0
|
0
|
(162)
|
(163)
|
(216)
|
(309)
|
(266)
|
(291)
|
(349)
|
(350)
|
(357)
|
(392)
|
(364)
|
(366)
|
(394)
|
(392)
|
(379)
|
(384)
|
(353)
|
(351)
|
(387)
|
(415)
|
(457)
|
(498)
|
(505)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(201)
|
0
|
0
|
0
|
(213)
|
0
|
0
|
0
|
(253)
|
0
|
0
|
0
|
(264)
|
0
|
0
|
0
|
(294)
|
0
|
0
|
0
|
(531)
|
0
|
0
|
0
|
(589)
|
0
|
0
|
0
|
(524)
|
0
|
0
|
0
|
(454)
|
0
|
0
|
0
|
(446)
|
|
Other Operating Expenses |
(568)
|
(568)
|
(574)
|
(564)
|
(158)
|
(205)
|
(207)
|
(208)
|
(189)
|
(110)
|
(103)
|
(105)
|
(104)
|
17
|
1 201
|
1 564
|
2 893
|
2 544
|
3 127
|
3 357
|
4 031
|
4 660
|
4 312
|
4 766
|
3 867
|
4 182
|
3 417
|
3 497
|
4 095
|
4 131
|
4 494
|
4 542
|
3 891
|
3 886
|
3 992
|
3 761
|
4 595
|
4 764
|
4 444
|
4 887
|
3 692
|
|
Operating Income |
(310)
N/A
|
624
N/A
|
115
-82%
|
639
+456%
|
2 309
+261%
|
4 759
+106%
|
7 261
+53%
|
9 915
+37%
|
9 826
-1%
|
10 583
+8%
|
10 544
0%
|
9 375
-11%
|
8 575
-9%
|
6 905
-19%
|
7 084
+3%
|
8 024
+13%
|
7 802
-3%
|
7 979
+2%
|
7 976
0%
|
7 543
-5%
|
7 711
+2%
|
8 778
+14%
|
8 729
-1%
|
10 173
+17%
|
9 825
-3%
|
2 086
-79%
|
(2 293)
N/A
|
(8 380)
-265%
|
(8 401)
0%
|
(7 465)
+11%
|
(4 304)
+42%
|
(4 902)
-14%
|
(8 127)
-66%
|
(9 296)
-14%
|
(15 671)
-69%
|
(17 982)
-15%
|
(23 082)
-28%
|
(19 059)
+17%
|
(10 926)
+43%
|
(1 871)
+83%
|
4 572
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1 725
|
352
|
(1 053)
|
(1 380)
|
(1 677)
|
(1 345)
|
(670)
|
(4 970)
|
(7 054)
|
(6 886)
|
(8 820)
|
(5 055)
|
(5 015)
|
(4 989)
|
(3 296)
|
(2 254)
|
(395)
|
376
|
(1 744)
|
(4 212)
|
(4 324)
|
(5 142)
|
(5 845)
|
(6 928)
|
(6 766)
|
(10 282)
|
(9 076)
|
(5 278)
|
(3 249)
|
(1 913)
|
(389)
|
(2 516)
|
(3 977)
|
(3 298)
|
(6 566)
|
(8 304)
|
(9 255)
|
(8 705)
|
(7 740)
|
(5 525)
|
(7 120)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(227)
|
0
|
0
|
0
|
(95)
|
0
|
0
|
0
|
401
|
710
|
904
|
1 223
|
612
|
1 742
|
1 627
|
1 411
|
598
|
435
|
357
|
270
|
121
|
113
|
192
|
221
|
(4 071)
|
(3 934)
|
(3 932)
|
(4 006)
|
(2 239)
|
(2 212)
|
(2 225)
|
(2 152)
|
118
|
5
|
(31)
|
(19)
|
371
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
267
|
0
|
0
|
(10)
|
270
|
359
|
527
|
733
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
1 935
|
1 880
|
2 396
|
2 326
|
2 423
|
2 780
|
2 904
|
3 286
|
3 449
|
3 461
|
3 600
|
3 722
|
3 687
|
3 421
|
2 324
|
1 489
|
779
|
71
|
(118)
|
(164)
|
502
|
462
|
545
|
618
|
890
|
776
|
911
|
730
|
535
|
424
|
278
|
350
|
440
|
357
|
530
|
553
|
693
|
681
|
536
|
464
|
532
|
|
Pre-Tax Income |
3 350
N/A
|
2 856
-15%
|
1 458
-49%
|
1 585
+9%
|
3 095
+95%
|
6 194
+100%
|
9 495
+53%
|
8 221
-13%
|
6 396
-22%
|
7 517
+18%
|
5 851
-22%
|
8 775
+50%
|
7 648
-13%
|
6 047
-21%
|
7 016
+16%
|
8 482
+21%
|
8 798
+4%
|
10 168
+16%
|
7 741
-24%
|
4 578
-41%
|
4 487
-2%
|
4 533
+1%
|
3 786
-16%
|
4 133
+9%
|
4 070
-2%
|
(7 307)
N/A
|
(10 266)
-40%
|
(12 707)
-24%
|
(15 186)
-20%
|
(12 888)
+15%
|
(8 347)
+35%
|
(11 074)
-33%
|
(13 903)
-26%
|
(14 449)
-4%
|
(23 932)
-66%
|
(27 885)
-17%
|
(31 526)
-13%
|
(27 078)
+14%
|
(18 161)
+33%
|
(6 951)
+62%
|
(1 645)
+76%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(701)
|
(571)
|
(177)
|
(234)
|
(677)
|
(1 391)
|
(2 192)
|
(1 853)
|
(1 369)
|
(1 669)
|
(1 248)
|
(1 991)
|
(1 759)
|
(1 353)
|
(1 620)
|
(1 918)
|
(1 965)
|
(2 313)
|
(1 703)
|
(1 098)
|
(1 031)
|
(1 055)
|
(1 023)
|
(967)
|
(975)
|
1 508
|
2 173
|
2 689
|
3 366
|
2 964
|
2 039
|
2 700
|
2 892
|
3 013
|
4 902
|
3 839
|
(2 172)
|
(3 805)
|
(6 033)
|
(5 842)
|
(1 437)
|
|
Income from Continuing Operations |
2 649
|
2 285
|
1 281
|
1 351
|
2 418
|
4 803
|
7 303
|
6 368
|
5 027
|
5 848
|
4 603
|
6 784
|
5 889
|
4 694
|
5 396
|
6 564
|
6 833
|
7 855
|
6 038
|
3 480
|
3 456
|
3 478
|
2 763
|
3 166
|
3 095
|
(5 799)
|
(8 093)
|
(10 018)
|
(11 820)
|
(9 924)
|
(6 308)
|
(8 374)
|
(11 011)
|
(11 436)
|
(19 030)
|
(24 046)
|
(33 698)
|
(30 883)
|
(24 194)
|
(12 793)
|
(3 082)
|
|
Income to Minority Interest |
(754)
|
(753)
|
(706)
|
(660)
|
(645)
|
(821)
|
(1 010)
|
(1 165)
|
(1 135)
|
(1 166)
|
(1 081)
|
(1 137)
|
(833)
|
(781)
|
(704)
|
(899)
|
(919)
|
(947)
|
(755)
|
(441)
|
(473)
|
(390)
|
(227)
|
(280)
|
(444)
|
539
|
880
|
1 128
|
978
|
338
|
(1 048)
|
(1 124)
|
(1 092)
|
(1 157)
|
127
|
475
|
1 016
|
799
|
125
|
(982)
|
(1 127)
|
|
Net Income (Common) |
1 895
N/A
|
1 532
-19%
|
575
-62%
|
691
+20%
|
1 773
+157%
|
3 982
+125%
|
6 293
+58%
|
5 203
-17%
|
3 892
-25%
|
4 682
+20%
|
3 522
-25%
|
5 647
+60%
|
5 056
-10%
|
3 913
-23%
|
4 692
+20%
|
5 665
+21%
|
5 914
+4%
|
6 908
+17%
|
5 283
-24%
|
3 039
-42%
|
2 983
-2%
|
3 088
+4%
|
2 536
-18%
|
2 886
+14%
|
2 651
-8%
|
(5 260)
N/A
|
(7 213)
-37%
|
(8 890)
-23%
|
(10 842)
-22%
|
(9 586)
+12%
|
(7 356)
+23%
|
(9 498)
-29%
|
(12 103)
-27%
|
(12 593)
-4%
|
(18 903)
-50%
|
(23 571)
-25%
|
(32 682)
-39%
|
(30 084)
+8%
|
(24 069)
+20%
|
(13 775)
+43%
|
(4 209)
+69%
|
|
EPS (Diluted) |
0.19
N/A
|
0.15
-21%
|
0.06
-60%
|
0.07
+17%
|
0.18
+157%
|
0.4
+122%
|
0.63
+58%
|
0.52
-17%
|
0.4
-23%
|
0.47
+18%
|
0.35
-26%
|
0.57
+63%
|
0.52
-9%
|
0.4
-23%
|
0.44
+10%
|
0.56
+27%
|
0.59
+5%
|
0.68
+15%
|
0.52
-24%
|
0.29
-44%
|
0.28
-3%
|
0.29
+4%
|
0.18
-38%
|
0.26
+44%
|
0.22
-15%
|
-0.41
N/A
|
-0.56
-37%
|
-0.62
-11%
|
-0.77
-24%
|
-0.62
+19%
|
-0.47
+24%
|
-0.55
-17%
|
-0.75
-36%
|
-0.77
-3%
|
-1.1
-43%
|
-1.38
-25%
|
-1.9
-38%
|
-1.66
+13%
|
-1.36
+18%
|
-0.31
+77%
|
-0.23
+26%
|