China Express Airlines Co Ltd Class A

China Express Airlines released its 2026 interim report. The company's total operating revenue was 3.729 billion yuan, and net profit attributable to the parent company was 43.5354 million yuan, a year-on-year decrease of 82.64%. Net cash inflow from operating activities was 672 million yuan, down 36.01% year-on-year. The company's asset-liability ratio was 84.28%, gross margin was -7.68%, ROE was 1.12%, and diluted earnings per share was 0.03 yuan. The number of shareholders was 35,600, and the top ten shareholders held 55.69% of the total share capital.

China Express Airlines disclosed an earnings forecast, expecting attributable net profit for the first half of 2026 to be between 35 million and 50 million yuan, a year-on-year decline of 80.06% to 86.04%. Deducted non-recurring net profit is expected to be between 25 million and 36 million yuan, a year-on-year decline of 84.13% to 88.98%. The company stated that the decline in performance was mainly due to fluctuations in international crude oil prices, which led to a significant increase in jet fuel prices in the second quarter and higher jet fuel costs.