Spring Airlines Co., Ltd. (SHA:601021)

Spring Airlines Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	20,329	19,533	17,576	8,195	10,640	9,167
Other Revenue	466.89	466.89	362.14	173.61	218.05	205.84
Revenue	20,796	20,000	17,938	8,369	10,858	9,373
Revenue Growth (YoY)	4.97%	11.50%	114.34%	-22.92%	15.85%	-36.69%
Cost of Revenue	18,284	17,412	15,519	11,590	11,331	9,976
Gross Profit	2,512	2,588	2,419	-3,221	-472.7	-602.81
Selling, General & Admin	554.51	521.72	468.71	367.97	422.53	365.14
Research & Development	165.7	160.63	144.18	122.31	119.39	107.42
Other Operating Expenses	-1,130	-995.6	-1,069	-755.3	-1,122	-1,019
Operating Expenses	-406.77	-311.13	-454.77	-263.98	-577.2	-545.79
Operating Income	2,919	2,899	2,874	-2,957	104.5	-57.01
Interest Expense	-504.07	-534.56	-643.96	-663.17	-553.2	-259.42
Interest & Investment Income	223.3	268.86	363.33	171.61	204.61	184.78
Currency Exchange Gain (Loss)	6.14	6.14	24.84	-126.49	68.63	1.27
Other Non Operating Income (Expenses)	-57.15	-7.63	-5.88	-4.31	-7.04	-6.46
EBT Excluding Unusual Items	2,587	2,632	2,612	-3,580	-182.49	-136.85
Gain (Loss) on Sale of Investments	0.51	1.45	-41.19	17.1	-2.97	-727.86
Gain (Loss) on Sale of Assets	-0.91	-1.13	2.83	-	2.15	3.02
Other Unusual Items	21.52	21.52	68.11	163.89	199.34	257.14
Pretax Income	2,608	2,653	2,642	-3,399	16.03	-604.55
Income Tax Expense	603.69	380.5	384.58	-362.95	-21.26	-13.37
Earnings From Continuing Operations	2,004	2,273	2,257	-3,036	37.29	-591.18
Minority Interest in Earnings	-	-	-	-	1.83	2.77
Net Income	2,004	2,273	2,257	-3,036	39.11	-588.41
Net Income to Common	2,004	2,273	2,257	-3,036	39.11	-588.41
Net Income Growth	-8.24%	0.69%	-	-	-	-
Shares Outstanding (Basic)	975	977	977	920	978	919
Shares Outstanding (Diluted)	975	977	977	920	978	919
Shares Change (YoY)	-0.09%	-0.06%	6.22%	-5.90%	6.35%	0.38%
EPS (Basic)	2.06	2.33	2.31	-3.30	0.04	-0.64
EPS (Diluted)	2.06	2.33	2.31	-3.30	0.04	-0.64
EPS Growth	-8.16%	0.74%	-	-	-	-
Free Cash Flow	-276.63	-1,319	3,489	-4,134	-4,517	-3,538
Free Cash Flow Per Share	-0.28	-1.35	3.57	-4.49	-4.62	-3.85
Dividend Per Share	1.250	0.820	0.700	-	-	-
Dividend Growth	78.57%	17.14%	-	-	-	-
Gross Margin	12.08%	12.94%	13.49%	-38.49%	-4.35%	-6.43%
Operating Margin	14.03%	14.49%	16.02%	-35.34%	0.96%	-0.61%
Profit Margin	9.64%	11.37%	12.58%	-36.27%	0.36%	-6.28%
Free Cash Flow Margin	-1.33%	-6.59%	19.45%	-49.40%	-41.60%	-37.74%
EBITDA	5,106	4,753	4,283	-1,698	1,212	867.55
EBITDA Margin	24.55%	23.76%	23.88%	-20.29%	11.16%	9.26%
D&A For EBITDA	2,188	1,854	1,409	1,259	1,108	924.57
EBIT	2,919	2,899	2,874	-2,957	104.5	-57.01
EBIT Margin	14.03%	14.49%	16.02%	-35.34%	0.96%	-0.61%
Effective Tax Rate	23.15%	14.34%	14.56%	-	-	-
Revenue as Reported	796.23	-	-	-	10,858	9,373
Advertising Expenses	-	-	-	-	10.13	14.31

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.