---
title: "China Express Airlines Co., Ltd (002928.SZ)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002928.SZ.md"
symbol: "002928.SZ"
name: "China Express Airlines Co., Ltd"
industry: "Passenger Airlines"
datetime: "2026-05-19T21:36:46.113Z"
locales:
  - [en](https://longbridge.com/en/quote/002928.SZ.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002928.SZ.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002928.SZ.md)
---

# China Express Airlines Co., Ltd (002928.SZ)

## Company Overview

China Express Airlines Co.,LTD engages in the air passenger and cargo transportation business in China. The company operates through operation bases located in Chongqing, Guiyang, Dalian, Hohhot, Xi'an, Korla, and Quzhou with approximately 182 routes, including 179 domestic routes and 3 international routes to approximately 130 destinations. It also engages in the manufacturing of railway, ship, aerospace, and other transportation equipment; software and information technology services; multimodal transport and freight forwarding; and sale of aircraft repair; trading; retail and wholesale; and leasing businesses. China Express Airlines Co.,LTD was founded in 2006 and is based in Chongqing, China.

| Item | Detail |
|------|--------|
| Industry | Passenger Airlines |
| Exchange | CN Market |
| Website | [www.chinaexpressair.com](https://www.chinaexpressair.com) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: C
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-19T04:30:08.000Z

**Overall: C (0.47)**

**Industry**: Passenger Airlines

| Metric | Value |
|--------|-------|
| Industry Ranking | 8 / 8 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

**Multi Score**: C

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 9.52% |  |
| Net Profit YoY | 108.43% |  |
| P/B Ratio | 2.38 |  |
| Dividend Ratio | 0.00% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 9462725165.55 |  |
| Revenue | 7498688387.71 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 18.27% | A |
| Profit Margin | 9.03% | B |
| Gross Margin | -0.20% | E |
| Revenue YoY | 9.52% | B |
| Net Profit YoY | 108.43% | A |
| Total Assets YoY | 12.88% | B |
| Net Assets YoY | 15.57% | B |
| Cash Flow Margin | 419.22% | A |
| OCF YoY | 9.52% | B |
| Turnover | 0.33 | D |
| Gearing Ratio | 83.53% | E |

```chart-data:radar
{
  "title": "Longbridge Financial Score - China Express Airlines Co., Ltd",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "9.52%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "108.43%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "2.38",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.00%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "9462725165.55",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "7498688387.71",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "18.27%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "9.03%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "-0.20%",
          "rating": "E"
        },
        {
          "name": "Revenue YoY",
          "value": "9.52%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "108.43%",
          "rating": "A"
        },
        {
          "name": "Total Assets YoY",
          "value": "12.88%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "15.57%",
          "rating": "B"
        },
        {
          "name": "Cash Flow Margin",
          "value": "419.22%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "9.52%",
          "rating": "B"
        },
        {
          "name": "Turnover",
          "value": "0.33",
          "rating": "D"
        },
        {
          "name": "Gearing Ratio",
          "value": "83.53%",
          "rating": "E"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 14.12 | 1/8 | 32.62 | 24.68 | 20.76 |
| PB | 2.41 | 3/8 | 3.53 | 3.27 | 2.97 |
| PS (TTM) | 1.28 | 7/8 | 1.92 | 1.70 | 1.51 |
| Dividend Yield | 0.00% | - | - | - | - |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Air China (601111.SH) | C | B | C | E | B | C |
| 02 | CSN (600029.SH) | C | B | C | E | B | C |
| 03 | CEA (600115.SH) | D | B | C | E | A | C |
| 04 | Hainan Airlines Holding (600221.SH) | B | B | C | E | B | C |
| 05 | SA (601021.SH) | B | B | C | D | B | C |

## Institutional View

### Analyst Rating Distribution

> As of 2026-05-11T16:00:00.000Z

Total Analysts: **5**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 5 | 100% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 7.49 |
| Highest Target | 12.60 |
| Lowest Target | 10.70 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/002928.SZ/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/002928.SZ/norm.md)
- [Related News](https://longbridge.com/en/quote/002928.SZ/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/002928.SZ/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**