China Southern Airlines Co. Ltd. (600029.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	237.6B	182.3B	174.2B	159.9B	87.1B
Cost of Revenue	218.3B	163.8B	159.6B	147.6B	105.9B
Gross Profit	19.3B	18.5B	14.7B	12.3B	(18.8B)
Operating Expenses
R&D Expense	494.0M	607.0M	544.0M	511.0M	389.0M
SG&A Expense	3.1B	—	—	—	—
General & Admin Expense	4.4B	4.3B	4.1B	3.8B	3.6B
Selling & Marketing Expense	8.1B	7.5B	7.1B	6.6B	4.6B
Other Expenses	4.8B	—	—	—	—
Total Operating Expenses	21.3B	18.0B	19.0B	17.8B	18.0B
Cost and Expenses	239.5B	181.8B	178.6B	165.4B	123.8B
Operating Income (EBIT)	1.5B	4.0B	(747.0M)	(2.1B)	(32.2B)
Non-Operating
Interest Income	219.1M	—	—	—	—
Interest Expense	2.8B	—	—	—	—
Net Interest Income	(2.6B)	—	—	—	—
Other Non-Op Income/Expense	2.6B	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	4.9B	4.8B	1.6B	(1.6B)	(31.5B)
Income Tax Expense	2.3B	2.1B	1.4B	1.4B	2.2B
Bottom Line
Net Income	204.2M	857.0M	(1.7B)	(4.2B)	(32.7B)
Earnings from Cont. Ops	2.6B	2.7B	154.0M	(3.1B)	(33.7B)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(279.6M)	857.0M	(1.7B)	(4.2B)	(32.7B)
Per Share
Basic EPS	CN¥0.01	CN¥0.05	(CN¥0.09)	(CN¥0.23)	(CN¥1.90)
Diluted EPS	(CN¥0.01)	CN¥0.05	(CN¥0.09)	(CN¥0.23)	(CN¥1.90)
Revenue Per Share	CN¥13.11	CN¥10.63	CN¥9.25	CN¥8.74	CN¥5.06
Shares
Basic Shares Outstanding	18.1B	17.1B	18.8B	18.3B	17.2B
Diluted Shares Outstanding	19.1B	17.1B	18.8B	18.3B	17.2B
Profitability Metrics
EBITDA	11.4B	17.4B	11.0B	8.7B	(22.8B)
D&A	16.0B	13.5B	11.7B	10.8B	9.4B
EBIT	(4.6B)	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026