002928.SHE China Express Airlines Co Ltd Class A
- Market cap
- CNY 7.78B
- P/E
- 65.2x
- P/B
- 1.89x
- ROE
- 4.2%
- Dividend yield
- 2.58%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002928.SHE undervalued?
Graham number002928.SHE trades 134.1% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
China Express Airlines Co Ltd Class A fundamental analysis
No fundamental analysis for China Express Airlines Co Ltd Class A yet.
China Express Airlines Co Ltd Class A stock price
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About China Express Airlines Co Ltd Class A
China Express Airlines Co.,LTD engages in the air passenger and cargo transportation business in China. The company operates through operation bases located in Chongqing, Guiyang, Dalian, Hohhot, Xi'an, Korla, and Quzhou with approximately 182 routes, including 179 domestic routes and 3 international routes to approximately 130 destinations. It also engages in the manufacturing of railway, ship, aerospace, and other transportation equipment; software and information technolo…
Full company profileChina Express Airlines Co Ltd Class A financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
China Express Airlines Co Ltd Class A annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2.55B | 3.45B | 4.26B | 5.41B | 4.73B | 3.97B | 2.64B | 5.15B | 6.70B | 7.46B | 7.80B |
| Gross Profit | 652M | 742M | 603M | 694M | 651M | 179M | -1.25B | -375M | 116M | 164M | -484M |
| Operating Income | 272M | 414M | 230M | 543M | 699M | -131M | -2.34B | -1.08B | 374M | 1.23B | 574M |
| EBITDA | 570M | 745M | 758M | 1.12B | 1.12B | 356M | -1.34B | -280M | 1.07B | 2.77B | 761M |
| Net Income | 346M | 374M | 247M | 502M | 613M | -113M | -1.97B | -965M | 268M | 626M | 167M |
| EPS | 0.43 | 0.46 | 0.28 | 0.55 | 0.60 | -0.11 | -1.91 | -0.76 | 0.21 | 0.49 | 0.13 |
| Balance Sheet | |||||||||||
| Total Assets | 3.62B | 5.49B | 7.79B | 9.79B | 11.5B | 16.2B | 17.5B | 18.2B | 20.7B | 23.8B | 25.8B |
| Total Liabilities | 2.82B | 4.34B | 5.66B | 7.01B | 7.57B | 12.6B | 13.4B | 15.1B | 17.3B | 19.9B | 21.8B |
| Shareholders' Equity | 794M | 1.15B | 2.12B | 2.78B | 3.95B | 3.62B | 4.05B | 3.09B | 3.36B | 3.87B | 3.98B |
| Cash & Short-term Investments | 450M | 622M | 826M | 1.27B | 1.49B | 1.39B | 1.79B | 1.92B | 1.66B | 1.82B | 2.39B |
| Total Debt | 473M | 1.12B | 2.07B | 3.09B | 2.87B | 11.4B | 12.1B | 13.7B | 12.5B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 758M | 685M | 521M | 1.05B | 1.01B | 915M | 317M | 1.32B | 1.81B | 2.52B | - |
| Capital Expenditure | 579M | 773M | 1.39B | 1.13B | 756M | 1.81B | 352M | 541M | 298M | 2.37B | 2.76B |
| Free Cash Flow | 179M | -87.9M | -873M | -73.5M | 252M | -894M | -35.0M | 781M | 1.51B | 149M | -975M |
| Ratios | |||||||||||
| ROE | 43.6% | 32.5% | 11.7% | 18.1% | 15.5% | -3.1% | -48.7% | -31.3% | 8.0% | 16.2% | 4.2% |
| ROA | 9.6% | 6.8% | 3.2% | 5.1% | 5.3% | -0.7% | -11.3% | -5.3% | 1.3% | 2.6% | 0.6% |
| Net Profit Margin | 13.6% | 10.9% | 5.8% | 9.3% | 13.0% | -2.8% | -74.7% | -18.7% | 4.0% | 8.4% | 2.1% |
| Debt to Equity | 0.60x | 0.97x | 0.97x | 1.11x | 0.73x | 3.14x | 2.99x | 4.45x | 3.71x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
China Express Airlines Co Ltd Class A dividends
- Dividend yield
- 2.58%
- Forward dividend
- -
- Payout ratio
- 32.1%
- Ex-dividend date
- Jul 15, 2021
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 201M | 0.16 | 32.1% |
| 2024 | CNY 203M | 0.16 | 75.8% |
| 2023 | CNY 204M | 0.16 | - |
| 2022 | CNY 168M | 0.16 | - |
| 2021 | CNY 61.8M | 0.06 | - |
| 2020 | CNY 51.3M | 0.05 | 8.4% |
| 2019 | CNY 52.1M | 0.06 | 10.4% |
| 2018 | CNY 125M | 0.14 | 50.3% |
| 2017 | CNY 54.5M | 0.07 | 14.6% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.5:1 on Jul 17, 2020.
Who owns China Express Airlines Co Ltd Class A
- Insiders 50.32%
- Institutions 9.86%
- Public & others 39.82%
- Shares outstanding 1.28B
- Free float 614M
China Express Airlines Co Ltd Class A company profile
- Company name
- China Express Airlines Co Ltd Class A
- Ticker
- 002928.SHE
- ISIN
- CNE1000033L8
- Exchange
- Shenzhen Stock Exchange
- Sector
- Industrials
- Industry
- Passenger Airlines
- Employees
- 6,191
- Fiscal year end
- December
- Address
- Jiangbei International Airport, Chongqing, China, 401120
- Phone
- 86 23 6715 3222
- Website
- chinaexpressair.com
About China Express Airlines Co Ltd Class A
China Express Airlines Co.,LTD engages in the air passenger and cargo transportation business in China. The company operates through operation bases located in Chongqing, Guiyang, Dalian, Hohhot, Xi'an, Korla, and Quzhou with approximately 182 routes, including 179 domestic routes and 3 international routes to approximately 130 destinations. It also engages in the manufacturing of railway, ship, aerospace, and other transportation equipment; software and information technology services; multimodal transport and freight forwarding; and sale of aircraft repair; trading; retail and wholesale; and leasing businesses. China Express Airlines Co.,LTD was founded in 2006 and is based in Chongqing, China.
China Express Airlines Co Ltd Class A management
6- Mr. Longjiang WuCEO & Director · born 1973
- Mr. Sansheng LiPresident · born 1974
- Ms. Jingbo ZhangVP & CFO · born 1970
- Mr. Jie FengVP & Board Secretary · born 1972
- Mr. Hongjun ZhangVice President · born 1974
- Weiwei LiuAccounting Supervisor