Juneyao Airlines (603885) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 5.98 billion, up 4.51% year-over-year, with net profit attributable to shareholders rising 27.69% to RMB 440.53 million.

• Operating cash flow increased 32.81% year-over-year to RMB 2.06 billion, reflecting improved business performance.

• Basic and diluted EPS both rose to RMB 0.20, a 25% increase from Q1 2025.

Financial highlights

• Total assets at quarter-end were RMB 51.09 billion, down 2.22% from year-end 2025.

• Shareholders’ equity decreased 14.8% to RMB 10.35 billion compared to year-end 2025.

• Gross margin improved as operating costs grew slower than revenue.

• Net cash from operating activities surged 32.81% year-over-year.

Outlook and guidance

• Management attributes profit and cash flow growth to overall improvement in operational efficiency and business environment.