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

Spring Airlines Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	10,861	10,224	11,583	10,208	7,260	9,192
Trading Asset Securities	0.02	0.02	0.01	138.35	2.91	-
Cash & Short-Term Investments	10,861	10,224	11,583	10,347	7,263	9,192
Cash Growth	2.89%	-11.73%	11.95%	42.45%	-20.98%	19.07%
Accounts Receivable	165.38	125.59	180.38	105.25	98.46	62.73
Other Receivables	435.27	326.39	302.9	527.56	585.82	440.8
Receivables	600.66	451.98	483.29	632.81	684.28	503.54
Inventory	362.55	657.87	536.86	174.79	213.4	217.83
Other Current Assets	969.25	679.12	376.8	691.48	552.93	412.13
Total Current Assets	12,793	12,013	12,980	11,846	8,714	10,325
Property, Plant & Equipment	29,757	28,876	28,142	27,995	26,307	19,169
Long-Term Investments	838.71	952.26	867.52	1,133	1,022	899.37
Other Intangible Assets	730.78	733.33	751.08	765.2	781.96	774.65
Long-Term Deferred Tax Assets	629.72	599.59	817.78	1,018	586	269.74
Long-Term Deferred Charges	499.02	498.45	508.07	411.39	384.77	329.9
Other Long-Term Assets	184.92	162.17	172.26	251.29	524.53	662.42
Total Assets	45,434	43,835	44,238	43,420	38,320	32,430
Accounts Payable	1,497	620.72	227.11	367.25	330.82	170.31
Accrued Expenses	247.94	2,050	2,244	1,650	981.4	1,451
Short-Term Debt	840.98	628.93	4,190	5,405	4,484	5,634
Current Portion of Long-Term Debt	4,745	2,710	3,239	4,038	1,954	4.14
Current Portion of Leases	-	816.9	1,053	1,041	934.69	-
Current Income Taxes Payable	466.76	57.48	35.98	29.15	38.3	21.04
Current Unearned Revenue	1,021	1,669	1,312	635.98	550.52	627.16
Other Current Liabilities	304.54	495.73	495.1	280.23	401.29	2,982
Total Current Liabilities	9,123	9,049	12,796	13,446	9,675	10,890
Long-Term Debt	15,025	13,812	11,100	10,896	9,472	5,983
Long-Term Leases	1,244	1,330	2,347	3,324	3,306	-
Long-Term Unearned Revenue	-	-	-	-	-	109.21
Long-Term Deferred Tax Liabilities	14.14	16.32	33.29	43.49	39.29	-
Other Long-Term Liabilities	2,240	2,247	2,212	2,017	2,081	1,267
Total Liabilities	27,646	26,454	28,488	29,727	24,573	18,249
Common Stock	978.33	978.55	978.55	978.55	916.46	916.46
Additional Paid-In Capital	7,782	7,793	7,792	7,791	4,881	4,884
Retained Earnings	9,347	8,670	7,081	4,823	7,859	8,381
Treasury Stock	-284.31	-110.57	-74.28	-72.23	-	-
Comprehensive Income & Other	-35.59	49.78	-27.29	172.09	90.27	-1.15
Total Common Equity	17,788	17,381	15,750	13,693	13,747	14,181
Minority Interest	-	-	-	-	-	0.02
Shareholders' Equity	17,788	17,381	15,750	13,693	13,747	14,181
Total Liabilities & Equity	45,434	43,835	44,238	43,420	38,320	32,430
Total Debt	21,856	19,298	21,929	24,704	20,151	11,621
Net Cash (Debt)	-10,995	-9,074	-10,347	-14,357	-12,887	-2,430
Net Cash Per Share	-11.24	-9.29	-10.59	-15.60	-13.18	-2.64
Filing Date Shares Outstanding	972.83	972.72	977.1	937.4	916.46	916.46
Total Common Shares Outstanding	972.83	976.82	977.1	937.4	916.46	916.46
Working Capital	3,671	2,964	183.77	-1,601	-960.79	-564.56
Book Value Per Share	18.28	17.79	16.12	14.61	15.00	15.47
Tangible Book Value	17,057	16,648	14,999	12,928	12,965	13,406
Tangible Book Value Per Share	17.53	17.04	15.35	13.79	14.15	14.63
Buildings	-	884.98	80.04	-	-	-
Machinery	-	33,066	26,419	23,555	21,662	-
Construction In Progress	-	2,213	6,214	6,895	5,400	-

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.