Spring Airlines (601021) Stock Price, Fundamentals & Analysis

What 601021 does

Spring Airlines (601021) is a stock listed on the Shanghai Stock Exchange in the Industrials sector, Airlines industry. The company operates air passenger and cargo transportation services across Mainland China, Hong Kong, Macao, Taiwan, and internationally, including air mail, baggage handling, general aviation, intercity charter flights, and related insurance products. As of December 31, 2025, it managed a fleet of 134 aircraft. Spring Airlines is a subsidiary of Shanghai Spring International Travel Service Ltd. and is headquartered in Shanghai, China. It is part of the Shanghai Stock Exchange stocks universe and operates alongside peers such as China Southern Airlines (600029) and Air China (601111).

Key numbers explained

• The current price of 39,85 CNY is the latest trading price; the -4,25% change today shows the intraday move relative to the previous close.
• The trailing P/E ratio of 18,5 divides the current share price by the last 12 months of earnings per share (2,15 CNY), indicating how much investors pay per unit of recent earnings.
• The forward P/E ratio of 13,2 uses expected future earnings, often interpreted as a more forward-looking valuation than the trailing figure.
• The dividend yield of 2,16% shows the annual dividend as a percentage of the current price; the ex-dividend date is 24 sept. 2026, and 55% of trailing earnings are paid out as dividends.
• The beta of 0,29 suggests the stock has historically moved less than the broader market, with a -25,7% price change over the last 52 weeks and a 52-week range of 39,1 – 60,48.
• The debt-to-equity ratio of 134,6% indicates that debt exceeds equity, a common feature in capital-intensive airlines.
• Revenue growth of 25,6% year over year on 23,49 mld. CNY trailing revenue shows recent top-line expansion, while the profit margin of 9,3% and operating margin of 2,4% reflect how much of each revenue yuan becomes profit.

What to watch

• Airline stocks are sensitive to fuel costs, currency fluctuations, and global travel demand, which can drive volatility even for low-beta names like Spring Airlines.
• Operating margins in airlines are often thin, so changes in load factors, route networks, and fleet utilization can materially affect profitability.
• Regulatory and geopolitical developments affecting cross-border travel, as well as labor and supply-chain conditions, are relevant factors for this sector.
• Investors tracking Chinese industrials may compare Spring Airlines with peers such as China Southern Airlines (600029) or China Energy Engineering Corporation (601868) for broader context.