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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	10,260	10,224	11,583	10,208	7,260	9,192
Trading Asset Securities	0.01	0.02	0.01	138.35	2.91	-
Cash & Short-Term Investments	10,260	10,224	11,583	10,347	7,263	9,192
Cash Growth	8.12%	-11.73%	11.95%	42.45%	-20.98%	19.07%
Accounts Receivable	147.34	125.59	180.38	105.25	98.46	62.73
Other Receivables	363.16	326.39	302.9	527.56	585.82	440.8
Receivables	510.5	451.98	483.29	632.81	684.28	503.54
Inventory	357.23	657.87	536.86	174.79	213.4	217.83
Other Current Assets	970.83	679.12	376.8	691.48	552.93	412.13
Total Current Assets	12,098	12,013	12,980	11,846	8,714	10,325
Property, Plant & Equipment	31,120	28,876	28,142	27,995	26,307	19,169
Long-Term Investments	869.84	952.26	867.52	1,133	1,022	899.37
Other Intangible Assets	728.13	733.33	751.08	765.2	781.96	774.65
Long-Term Deferred Tax Assets	617.66	599.59	817.78	1,018	586	269.74
Long-Term Deferred Charges	507.77	498.45	508.07	411.39	384.77	329.9
Other Long-Term Assets	292.75	162.17	172.26	251.29	524.53	662.42
Total Assets	46,235	43,835	44,238	43,420	38,320	32,430
Accounts Payable	784.39	620.72	227.11	367.25	330.82	170.31
Accrued Expenses	1,714	2,050	2,244	1,650	981.4	1,451
Short-Term Debt	638.13	628.93	4,190	5,405	4,484	5,634
Current Portion of Long-Term Debt	2,943	2,710	3,239	4,038	1,954	4.14
Current Portion of Leases	1,285	816.9	1,053	1,041	934.69	-
Current Income Taxes Payable	157.65	57.48	35.98	29.15	38.3	21.04
Current Unearned Revenue	1,439	1,669	1,312	635.98	550.52	627.16
Other Current Liabilities	1,531	495.73	495.1	280.23	401.29	2,982
Total Current Liabilities	10,492	9,049	12,796	13,446	9,675	10,890
Long-Term Debt	13,834	13,812	11,100	10,896	9,472	5,983
Long-Term Leases	2,002	1,330	2,347	3,324	3,306	-
Long-Term Unearned Revenue	-	-	-	-	-	109.21
Long-Term Deferred Tax Liabilities	11.91	16.32	33.29	43.49	39.29	-
Other Long-Term Liabilities	2,368	2,247	2,212	2,017	2,081	1,267
Total Liabilities	28,707	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	9,040	8,670	7,081	4,823	7,859	8,381
Treasury Stock	-260.44	-110.57	-74.28	-72.23	-	-
Comprehensive Income & Other	-12.4	49.78	-27.29	172.09	90.27	-1.15
Total Common Equity	17,528	17,381	15,750	13,693	13,747	14,181
Minority Interest	-	-	-	-	-	0.02
Shareholders' Equity	17,528	17,381	15,750	13,693	13,747	14,181
Total Liabilities & Equity	46,235	43,835	44,238	43,420	38,320	32,430
Total Debt	20,702	19,298	21,929	24,704	20,151	11,621
Net Cash (Debt)	-10,442	-9,074	-10,347	-14,357	-12,887	-2,430
Net Cash Per Share	-10.72	-9.29	-10.59	-15.60	-13.18	-2.64
Filing Date Shares Outstanding	971.21	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	1,607	2,964	183.77	-1,601	-960.79	-564.56
Book Value Per Share	18.02	17.79	16.12	14.61	15.00	15.47
Tangible Book Value	16,800	16,648	14,999	12,928	12,965	13,406
Tangible Book Value Per Share	17.27	17.04	15.35	13.79	14.15	14.63
Buildings	884.98	884.98	80.04	-	-	-
Machinery	35,008	33,066	26,419	23,555	21,662	-
Construction In Progress	2,759	2,213	6,214	6,895	5,400	-

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