China Southern Airlines Company Limited
1055Company Overview
The Group is the airline with the largest number of aircraft transport, the most developed route network, and the largest annual passenger volume in China. The company is headquartered in Guangzhou, and has 21 branches including Beijing and Shenzhen, and 7 holding airline subsidiaries including Xiamen Airlines. The company has 6 bases, 21 domestic sales departments, and 53 overseas sales departments across all continents. As of the end of the reporting period, the Group operated 894 passenger and cargo transport aircraft, including the Boeing 787, 777, 737 series, Airbus 380, 350, 330 and 320 series, and COMAC's ARJ series. In June 2018, the company won the “Flight Safety Diamond Two Star Award”, the highest award for flight safety in China's civil aviation. In recent years, the company has focused on building a route network structure with hubs as the core, strategic key markets as the key, and market development as support, and has focused on building two comprehensive international hubs in Guangzhou and Beijing, and the form of a networked airline has gradually taken shape. In 2022, the company continued to deeply cultivate the Guangdong-Hong Kong-Macao Greater Bay Area, and China Southern Airlines had a market share of nearly 48.5% in Guangzhou. At the same time, the company insists on refining and improving the Beijing hub. The company's share of Daxing Airport has now exceeded 50%, making it the largest main base company. China Southern Airlines has formed a new development pattern of “North and South echoing each other and flying hand in hand”.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | China Southern Airlines Company Limited |
Ticker | 1055 |
Main Business | Airlines |
Type | Common Stock |
Industry | Airlines |
Country | HK |
Market Cap | $7.69 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Air Transport Division | $71,320.0 | $0.0 | - |
Other business divisions | $3,060.0 | $0.0 | - |
Interdivisional offset | $-2,550.0 | $0.0 | - |
Interest income | $457.0 | $457.0 | - |
Total | $72,287.0 | $457.0 | 0.63% (passed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $9,200,280,112.0 | 119.65% |
derivative financial instrument current liabilities | $127,030,812.3 | 1.65% |
long term bank loan | $7,075,630,252.1 | 92.02% |
Total Interest-Bearing Debt | $16,402,941,176.5 | 213.32% |
Market Capitalization | $7,689,384,615.4 | 100.00% |
Compliance Status | Threshold: 33% | failed |