Juneyao Airlines (603885) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 reached RMB 17.49 billion, up from RMB 15.88 billion year-over-year.

• Net profit attributable to shareholders was RMB 1.27 billion, compared to RMB 1.15 billion in the same period last year.

• Non-recurring gains contributed RMB 68.29 million to net profit in the reporting period.

Financial highlights

• Operating income for the first nine months was RMB 17.49 billion, a 10% increase year-over-year.

• Operating costs rose to RMB 14.42 billion from RMB 12.80 billion year-over-year.

• Basic and diluted EPS for the period were both RMB 0.58, up from RMB 0.52 year-over-year.

• Net cash flow from operating activities was RMB 5.08 billion, compared to RMB 5.60 billion last year.

Key financial ratios and metrics

• Gross margin remained stable despite higher operating costs.

• Return on assets improved to 7.45% at period end.

• Total assets increased to RMB 46.51 billion from RMB 45.26 billion at the end of last year.