---
title: "Air China (601111.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/601111.SH/norm.md"
symbol: "601111.SH"
name: "Air China"
parent: "https://longbridge.com/en/quote/601111.SH.md"
datetime: "2026-05-19T21:44:51.936Z"
locales:
  - [en](https://longbridge.com/en/quote/601111.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/601111.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/601111.SH/norm.md)
---

# Air China (601111.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.1000 | -0.2362 | 0.2079 | 0.0147 | -0.1200 |
| ROE | 15.85% | -32.76% | 33.04% | 2.23% | -18.55% |
| Revenue | 44.54B | 41.66B | 49.07B | 40.73B | 40.02B |
| Net income | 1.71B | -3.64B | 3.67B | 239.17M | -2.04B |
| Operating income | 1.49B | -3.37B | 4.48B | 228.10M | -1.88B |
| Gross margin | 7.86% | -0.81% | -9.47% | 33.40% | 0.52% |
| Net margin | 3.85% | -8.74% | 7.49% | 0.59% | -5.11% |
| Profit quality | 16.23% | -42.27% | 23.26% | 3.52% | -22.54% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 344.27B | 343.05B | 349.36B | 347.54B | 345.16B |
| Leverage | 8.45 | 8.74 | 8.25 | 9.09 | 9.00 |
| BVPS | 2.53 | 2.44 | 2.66 | 2.63 | 2.47 |
| Turnover | 0.5106 | 0.4979 | 0.4853 | 0.4847 | 0.4855 |
| Cash & STI | 16.12B | 17.02B | 27.24B | 31.83B | 23.45B |
| Inv & Rec | 5.22B | 4.99B | 5.26B | 4.91B | 4.40B |
| LT assets | 264.00B | 263.73B | 256.30B | 237.14B | 257.56B |
| Net debt | 200.98B | 208.58B | 195.78B | 204.34B | 209.25B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 9.15B | 7.97B | 19.25B | 6.49B | 8.34B |
| Investing CF | -5.84B | -4.46B | -3.29B | -3.12B | -4.21B |
| Financing CF | -3.93B | -13.41B | -17.03B | 188.23M | -3.41B |
| Free CF | -7.44B | 24.33B | -15.45B | 15.26B | -11.83B |
| OCF coverage | 37.84% | 24.78% | 52.86% | 19.00% | 24.78% |
| Repaid & issued | 13.21B | 9.96B | 16.87B | 28.07B | 26.12B |
| CapEx | -7.05B | -6.81B | -2.53B | -4.08B | -4.14B |

## Distribution Plan

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.04442CNY | 2020-07-15 | 2020-07-16 | 2020-07-16 |
| Cash Dividend: 
0.10328CNY | 2019-07-10 | 2019-07-11 | 2019-07-11 |
| Cash Dividend: 
0.11497CNY | 2018-07-03 | 2018-07-04 | 2018-07-04 |