Spring Airlines announces mid-year dividend, share repurchase

Spring Airlines reported a net profit attributable to shareholders of CNY 1,168,631,539 for the first half of 2025. The board approved a cash dividend of CNY 0.43 per share (tax included), totaling CNY 417,621,400.37, representing 35.74% of the H1 2025 net profit. This distribution aligns with the 2024 annual general meeting’s authorization for the board to approve mid-year dividends.

Concurrently, Spring Airlines repurchased shares worth CNY 190,398,675.44 in the first half of 2025, using its own and borrowed funds, for a future employee stock ownership plan. The total cash distributed through dividends and share repurchases amounts to CNY 608,020,075.81, accounting for 52.03% of the net profit attributable to shareholders. The board noted this would not materially impact the company's operating cash flow or long-term development.

As of June 30, 2025, the company's total assets stood at CNY 46.235 bn, with cash and cash equivalents of CNY 10.26 bn. The stock repurchase program aims to enhance market confidence and align shareholder and employee interests, with shares to be transferred over three years.