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Spring Airlines (601021) investor relations material
Spring Airlines Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached RMB 6.07 billion, up 14.16% year-over-year, driven by increased business volume.
Net profit attributable to shareholders was RMB 982.83 million, a 45.15% increase year-over-year.
Operating cash flow surged 261.59% to RMB 1.64 billion, reflecting stronger cash generation.
Financial highlights
Total assets at quarter-end were RMB 48.42 billion, up 3.29% from year-end 2025.
Shareholders’ equity rose 2.63% to RMB 18.64 billion.
Basic and diluted EPS both increased 47.83% year-over-year to RMB 1.02.
Gross margin improved as operating profit rose to RMB 1.29 billion, up 44.92% year-over-year.
Outlook and guidance
Profit and revenue growth attributed to increased business volume and improved operational efficiency.
- Revenue up, profit down on high base; strong load factors, robust payout, fleet expansion.601021
Q2 202515 Dec 2025 - Revenue up 6.01% in Q3 2025, but net profit down 6.17% year-over-year.601021
Q3 202531 Oct 2025 - 2024 revenue up 11.5%, net profit up 0.7%, with record load factor and strong dividend.601021
Q4 202410 Sep 2025 - Q3 profit dropped 32% year-over-year despite revenue growth, mainly due to lower gross margin.601021
Q3 202413 Jun 2025 - Net profit surged 62% year-over-year as traffic and load factor hit record highs.601021
H1 202413 Jun 2025 - Revenue up, but profit and cash flow down as costs rise in Q1 2025.601021
Q1 20256 Jun 2025
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