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Shanghai-based private Chinese airline, parent of budget carrier 9 Air, focused on domestic and regional routes.
Shanghai-based private Chinese airline, parent of budget carrier 9 Air, focused on domestic and regional routes.
Sells seats on its own aircraft, so profit depends on how full planes are and on fuel and aircraft costs; most capacity flies from Shanghai's two airports, with the budget unit filling cheaper, higher-density routes. The privately owned Juneyao Group controls it, unusual among Chinese airlines, most of which are state-run.
In one line: A Chinese JetBlue.
Moat: narrow (scale, brand). Strong Shanghai Hongqiao/Pudong slot base and dual full-service/budget brand positioning.
Headquarters: Shanghai, China · Founded: 2005 · Employees: 10,993
Size Juneyao Airlines (603885.SS) is a China Industrials company (Airlines) with a market value of $3.42B, the 758th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.53 on 6 Nov 2026.
Performance Over six months the shares fell 8.0%, against +10.5% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 8.1% over the last twelve months (peer median +9.9%); the operating margin is 0.6% (peer median 6.9%).
Valuation It trades at 69.5× forward earnings against a peer median of 14.8× (2nd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥23.9B | CN¥22.5B | CN¥22.1B | CN¥20.1B | CN¥8.21B |
| Revenue growth | — | +2% | +10% | +145% | — |
| Gross profit | CN¥4.68B | CN¥2.73B | CN¥3.04B | CN¥2.84B | -CN¥3.02B |
| EBITDA | n/a | CN¥5.11B | CN¥5.28B | CN¥4.71B | -CN¥1.21B |
| Net income | CN¥278M | CN¥1.04B | CN¥914M | CN¥778M | -CN¥4.15B |
| Free cash flow | CN¥5.86B | CN¥6.64B | CN¥6.74B | CN¥5.87B | -CN¥1.49B |
| Capital expenditure | CN¥2.90B | CN¥626M | CN¥978M | CN¥500M | CN¥1.70B |
| Total debt | CN¥42.2B | CN¥35.7B | CN¥34.5B | CN¥32.9B | CN¥32.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Juneyao Airlines 603885.SS | $3.42B | -8% | +8% | 1% | 69.5× | 0.4% |
| China Eastern Airlines 600115.SS | $10.7B | -18% | +11% | -6% | n/a | 6.9% |
| Spring Airlines 601021.SS | $6.51B | -6% | +16% | 6% | 26.0× | n/a |
| China Southern Airlines 600029.SS | $12.2B | -4% | +8% | -3% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 603885.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.9% | +4.8% | 7th highest of 21 |
| 6-month return | -8.0% | +10.5% | 5th lowest of 21 |
| Distance from 52-week high | -34.1% | -23.5% | 4th lowest of 21 |
| Revenue growth (TTM) | +8.1% | +9.9% | 7th lowest of 21 |
| Operating margin | 0.6% | 6.9% | 5th lowest of 21 |
| Forward P/E | 69.5× | 14.8× | 2nd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 0.4% | 2.2% | 6th least demanding of 12 |
| Growth delivered (Del g) | +17.4% | +24.4% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | -17.0 pp | -22.6 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | +0.3 pp | +0.1 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Juneyao Airlines 603885.SS | China | $3.42B | -8% | +8% | 1% | 69.5× | 0.4% | +17.4% |
| SkyWest SKYW | United States | $3.02B | -10% | +7% | 14% | 7.5× | 2.2% | +13.8% |
| China Airlines 2610.TW | Taiwan | $3.94B | +17% | +8% | 8% | 9.9× | n/a | n/a |
| Air Canada AC.TO | Canada | $3.95B | +10% | +13% | 2% | n/a | 14.3% | +30.8% |
| Air France-KLM AF.PA | France | $3.99B | +34% | +5% | 6% | 4.7× | -6.3% | +24.4% |
| Alaska Air ALK | United States | $4.35B | -5% | +8% | -1% | n/a | n/a | n/a |
| Allegiant Travel ALGT | United States | $2.51B | +11% | +12% | 9% | 12.7× | n/a | n/a |
| Exchange Income EIF.TO | Canada | $4.77B | +13% | +33% | 11% | 24.6× | n/a | n/a |
| Grupo Aeromexico, S.A.B. de C.V. Unsponsored ADR AERO | United States | $2.32B | +1% | +10% | 11% | 10.4× | -6.6% | +32.3% |
| Copa CPA | United States | $5.87B | +16% | +15% | 19% | 9.0× | n/a | n/a |
| Milkyway Intelligent Supply Chain Service 603713.SS | China | $1.90B | +29% | +15% | 8% | 16.8× | n/a | n/a |
| Spring Airlines 601021.SS | China | $6.51B | -6% | +16% | 6% | 26.0× | n/a | n/a |
| Starlux Airlines 2646.TW | Taiwan | $1.76B | -6% | +23% | 1% | 52.3× | n/a | n/a |
| Frontier ULCC | United States | $1.71B | +40% | +24% | -15% | 1,818.4× | 31.6% | +24.4% |
| easyJet EZJ.L | United Kingdom | $6.96B | +90% | +10% | 5% | 68.9× | 4.8% | +27.4% |
| Eva Airways 2618.TW | Taiwan | $7.12B | +28% | +6% | 14% | 10.1× | -17.0% | +19.9% |
| Air China Cargo 001391.SZ | China | $7.12B | -21% | +10% | 9% | n/a | n/a | n/a |
| Hainan Airlines 600221.SS | China | $7.85B | -20% | +6% | -3% | 24.2× | 5.0% | +18.4% |
| Virgin Australia VGN.AX | Australia | $1.48B | +18% | +9% | 11% | 6.6× | -13.4% | +4.9% |
| Wizz Air WIZZ.L | United Kingdom | $1.48B | +8% | +11% | -2% | n/a | 3.4% | +49.5% |
| Norwegian Air Shuttle NAS.OL | Norway | $1.47B | -11% | +3% | 6% | 22.0× | -16.5% | +35.8% |