Juneyao Airlines (603885) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 5.72 billion, nearly flat year-over-year, with net profit attributable to shareholders down 7.87% to RMB 345 million.

• Basic and diluted EPS both at RMB 0.16, a 5.88% decrease compared to Q1 2024.

• Cash flow from operating activities increased 31.28% year-over-year to RMB 1.55 billion, mainly due to higher tax rebates and subsidies.

Financial highlights

• Operating income: RMB 5.72 billion, up 0.05% year-over-year.

• Net profit attributable to shareholders: RMB 345 million, down 7.87% year-over-year.

• Net profit excluding non-recurring items: RMB 263 million, down 29.5% year-over-year.

• Operating cash flow: RMB 1.55 billion, up 31.28% year-over-year.

• Total assets at quarter-end: RMB 48.39 billion, up 1.23% from year-end 2024.

Key financial ratios and metrics

• Weighted average ROE: 3.88%, down 0.45 percentage points year-over-year.

• Shareholders’ equity: RMB 8.73 billion, down 1.96% from year-end 2024.

• Gross margin and other profitability ratios not explicitly disclosed.