Air China Limited logo

Air China Limited

0753.HK

HKSEIndustrialsAirlines, Airports & Air Services

Latest quote

HK$3.965

+HK$0.015 · +0.38%

Aug 24, 3:06 PM HKT

0753.HK company overview

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Company profile

Company website

Air China Limited is a prominent aviation enterprise delivering a comprehensive suite of services, encompassing air passenger transport, air cargo logistics, and diverse airline support functions. Its extensive operational network covers not only Mainland China, Hong Kong, Macau, and Taiwan but also reaches across Europe, North America, Japan, Korea, and the broader Asia Pacific region, extending its international footprint. The company structures its activities primarily into Airline Operations and a broader Other Operations segment. Complementing its core flight services, Air China provides aircraft engineering, airport ground handling, cabin services, airline catering, air ticketing, human resources solutions, aircraft overhaul and maintenance, and various financial offerings. It also engages in import and export trade. As of December 31, 2021, the company commanded a fleet of 746 passenger aircraft, which included business jets. Founded in 1988 and headquartered in Beijing, People's Republic of China, Air China Limited operates as a subsidiary of China National Aviation Holding Corporation Limited.

Industry
Airlines, Airports & Air Services
Sector
Industrials
Headquarters
CN
CEO
Simeng Yan
Listed since
Dec 15, 2004
Employees
107,795

Market position

Volume
9.9M
0.38× average
Average volume
26.03M
Average daily volume
Market cap
81.15B HKD
Beta
0.46
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
52.55×
P/B (TTM)
2.33×
P/S (TTM)
0.58×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
13.31%
Operating margin
-0.04%
Net margin
1.13%

Financial health

Debt / equity
5.51×
Altman Z-score
0.27
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends14%-23%-59%-96%Gross margin, FY2021: -15.18%Gross margin, FY2022: -56.55%Gross margin, FY2023: 5.02%Gross margin, FY2024: 5.10%Gross margin, FY2025: 1.02%Operating margin, FY2021: -21.74%Operating margin, FY2022: -87.12%Operating margin, FY2023: -2.36%Operating margin, FY2024: -2.06%Operating margin, FY2025: -2.96%Net margin, FY2021: -25.26%Net margin, FY2022: -85.40%Net margin, FY2023: -0.74%Net margin, FY2024: -0.14%Net margin, FY2025: -1.04%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -15.18%. Gross margin FY2022 -56.55%. Gross margin FY2023 5.02%. Gross margin FY2024 5.10%. Gross margin FY2025 1.02%. Operating margin FY2021 -21.74%. Operating margin FY2022 -87.12%. Operating margin FY2023 -2.36%. Operating margin FY2024 -2.06%. Operating margin FY2025 -2.96%. Net margin FY2021 -25.26%. Net margin FY2022 -85.40%. Net margin FY2023 -0.74%. Net margin FY2024 -0.14%. Net margin FY2025 -1.04%.

Income trends

Revenue

167.05B CNY+0.21%

Operating income

−4.95B CNY-44.15%

Net income

−1.74B CNY-633.94%
Income trends across reported periods188.36B CNY103.11B CNY17.85B CNY−67.4B CNYRevenue, FY2021: 74.53B CNYRevenue, FY2022: 52.9B CNYRevenue, FY2023: 141.1B CNYRevenue, FY2024: 166.7B CNYRevenue, FY2025: 167.05B CNYOperating income, FY2021: −16.2B CNYOperating income, FY2022: −46.08B CNYOperating income, FY2023: −3.32B CNYOperating income, FY2024: −3.43B CNYOperating income, FY2025: −4.95B CNYNet income, FY2021: −18.83B CNYNet income, FY2022: −45.18B CNYNet income, FY2023: −1.05B CNYNet income, FY2024: −237.31M CNYNet income, FY2025: −1.74B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 74.53B CNY. Revenue FY2022 52.9B CNY. Revenue FY2023 141.1B CNY. Revenue FY2024 166.7B CNY. Revenue FY2025 167.05B CNY. Operating income FY2021 −16.2B CNY. Operating income FY2022 −46.08B CNY. Operating income FY2023 −3.32B CNY. Operating income FY2024 −3.43B CNY. Operating income FY2025 −4.95B CNY. Net income FY2021 −18.83B CNY. Net income FY2022 −45.18B CNY. Net income FY2023 −1.05B CNY. Net income FY2024 −237.31M CNY. Net income FY2025 −1.74B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue167.05B CNY166.7B CNY141.1B CNY52.9B CNY74.53B CNY
Cost of goods sold165.35B CNY158.19B CNY134.01B CNY82.81B CNY85.84B CNY
Gross profit1.7B CNY8.51B CNY7.09B CNY−29.91B CNY−11.31B CNY
Research and development470.78M CNY432.1M CNY373.48M CNY243.58M CNY152.57M CNY
Selling, general, and administrative6.33B CNY12.42B CNY4.76B CNY8.33B CNY5.45B CNY
Operating expenses6.65B CNY11.94B CNY10.41B CNY5.83B CNY5.53B CNY
Interest income554.19M CNY521.36M CNY525.36M CNY225.79M CNY112.06M CNY
Interest expense5.41B CNY6.4B CNY6.94B CNY6.47B CNY5.5B CNY
Depreciation and amortization29.92B CNY29.11B CNY27.12B CNY21.24B CNY20.94B CNY
Operating income−4.95B CNY−3.43B CNY−3.32B CNY−46.08B CNY−16.2B CNY
Net income−1.74B CNY−237.31M CNY−1.05B CNY−45.18B CNY−18.83B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
3 beats, 2 misses, 1 met estimate
Average EPS surprise
-44.78%
6 comparable reports
Latest EPS result
0.11

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.330.170.01-0.15Q4 '24No estimateQ4 '24No estimateQ1 '25MetQ3 '25BeatQ4 '25No estimateQ1 '26MissQ2 '26No estimateQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 0.288, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual -0.108, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual -0.011, estimate -0.011, surprise 0.00%, Met estimate. Q3 2025, reported Aug 28, 2025: actual 0.121, estimate 0.121, surprise +0.03%, Beat. Q4 2025, reported Oct 30, 2025: actual 0.004, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 0.001, estimate 0.033, surprise -96.68%, Miss. Q2 2026, reported Apr 29, 2026: actual 0.114, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.023, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates105.51B82.42B59.32B36.23BQ4 '24BeatQ4 '24No estimateQ1 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 53.81B HKD, estimate 42.13B HKD, surprise +27.73%, Beat. Q4 2024, reported Dec 31, 2024: actual 41.01B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 92.82B HKD, estimate 88.71B HKD, surprise +4.63%, Beat. Q3 2025, reported Aug 28, 2025: actual 88.49B HKD, estimate 96.67B HKD, surprise -8.46%, Miss. Q4 2025, reported Oct 30, 2025: actual 53.63B HKD, estimate 42.98B HKD, surprise +24.76%, Beat. Q1 2026, reported Mar 26, 2026: actual 100.73B HKD, estimate 97.65B HKD, surprise +3.15%, Beat. Q2 2026, reported Apr 29, 2026: actual 50.71B HKD, estimate 55.29B HKD, surprise -8.29%, Miss. Q3 2026, reported Aug 28, 2026: actual —, estimate 55.96B HKD, surprise —, Comparison unavailable.

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