Financial Performance - In 2022, Beijing Capital International Airport recorded 157,630 aircraft movements, a decrease of approximately 47.1% compared to the previous year[2]. - Passenger throughput reached 12,703,342, representing a decline of about 61.1% year-over-year[2]. - The company's total revenue for 2022 was RMB 2,230,948,000, down approximately 33.3% from the previous year[2]. - Aviation revenue amounted to RMB 710,728,000, reflecting a decrease of about 47.1% year-over-year[2]. - Non-aviation revenue was RMB 1,520,220,000, which is a decline of approximately 24.1% compared to the previous year[2]. - The net loss after tax for 2022 was RMB 3,526,635,000, an increase of approximately 66.6% compared to the net loss of RMB 2,116,537,000 in the previous year[2]. - Total comprehensive loss for the year was RMB 3,557,127,000, which includes other comprehensive losses of RMB 30,492,000[13]. - The company reported a net loss of RMB 3,526,635,000 for the year ended December 31, 2022, compared to a net loss of RMB 2,116,537,000 in 2021, indicating a significant increase in losses[13]. - The company's financial income decreased significantly from RMB 80,829 thousand in 2021 to RMB 22,952 thousand in 2022, primarily due to a drop in bank deposit interest[19]. - Total financial costs increased from RMB 140,192 thousand in 2021 to RMB 344,559 thousand in 2022, reflecting higher interest expenses on borrowings[19]. - The company's financial cost net amount was RMB 344,559,000, significantly higher than RMB 140,192,000 in the previous year, primarily due to exchange losses from USD liabilities[53]. Assets and Liabilities - Total assets as of December 31, 2022, were RMB 33,483,400,000, down from RMB 35,147,336,000 in the previous year[7]. - Total liabilities increased to RMB 16,878,480,000 in 2022 from RMB 14,972,528,000 in 2021[9]. - As of December 31, 2022, the company's total equity was RMB 16,604,920,000, down from RMB 20,174,808,000 at the end of 2021[10]. - The company’s accounts payable increased from RMB 2,588,367 thousand in 2021 to RMB 3,120,141 thousand in 2022, indicating a rise in short-term liabilities[28]. - As of December 31, 2022, the company’s total borrowings amounted to RMB 6,403,196 thousand, up from RMB 4,492,881 thousand in 2021, indicating an increase in leverage[33]. - The company's total liabilities as of December 31, 2022, included bank loans and other borrowings, with a significant portion due within one year amounting to RMB 6,200,200,000[38]. Cash Flow and Operating Activities - The company experienced a cash outflow from operating activities of RMB 1,501,321,000 in 2022, compared to RMB 621,485,000 in 2021, reflecting increased financial pressure[13]. - The net cash used in operating activities for 2022 was RMB 1,501,321,000, an increase of RMB 879,836,000 compared to RMB 621,485,000 in 2021[57]. - The company's cash and cash equivalents as of December 31, 2022, were RMB 1,590,413,000, down from RMB 2,224,473,000 on December 31, 2021[57]. - The current ratio as of December 31, 2022, was 0.19, compared to 0.41 on December 31, 2021[57]. - The debt-to-asset ratio increased to 50.40% as of December 31, 2022, from 42.60% a year earlier[57]. Revenue Breakdown - The company's main business revenue for 2022 was RMB 2,230,948,000, a decrease of approximately 33.3% year-over-year, with aviation business revenue dropping to RMB 710,728,000, down 47.1%[42]. - Non-aeronautical business revenue was RMB 1,520,220,000 in 2022, a decrease of 24.1% from RMB 2,001,740,000 in 2021[47]. - Franchise income for 2022 was RMB 675,551,000, down about 29.0% year-on-year, with advertising revenue decreasing by 33.3% to RMB 480,378,000 due to a decline in passenger volume[48]. - Retail revenue increased by approximately 47.6% to RMB 81,229,000, attributed to the recognition of franchise income under a supplemental agreement[48]. - The total revenue from aircraft takeoff and related services was RMB 499,443,000, a decrease of 39.2% year-over-year[45]. - The company’s rental income decreased to RMB 741,233,000 in 2022, down 13.9% from RMB 861,138,000 in 2021[47]. - Resource usage income fell by approximately 48.7% to RMB 85,010,000, linked to a decline in passenger volume[49]. Dividends and Shareholder Returns - The board of directors did not recommend the distribution of any final dividend for the year ended December 31, 2022[2]. - The company did not recommend any final dividend for the year ended December 31, 2022, maintaining a focus on financial stability amid losses[23]. - The company’s capital reserve, which is not distributable as profit, remains intact and can be converted into ordinary shares under appropriate conditions in the future[26]. Operational Insights and Future Plans - The company is aware of external risks affecting industry operations and is taking measures to assess and respond to these challenges[11]. - The company will continue to enhance safety operation capabilities to support the orderly recovery of the industry in 2023[64]. - The focus will be on hub quality, promoting key hub construction projects, and enhancing the competitiveness of the "Capital Express" brand[64]. - The company aims to improve service standards and enhance market competitiveness and passenger attraction through targeted service enhancement actions[64]. - The company plans to explore management potential and promote innovative business operations to maximize resource value and improve profitability[64]. - The company will fully implement new development concepts, focusing on sustainable development and enhancing governance capabilities to maintain long-term value[64]. Employee and Operational Metrics - The total number of employees decreased to 1,542 in 2022 from 1,567 in 2021[58]. - In the first two months of 2023, the number of aircraft takeoffs and landings at Beijing Capital Airport increased by approximately 31.1% year-on-year[63]. - Passenger throughput at Beijing Capital Airport grew by approximately 88.9% year-on-year, with domestic routes increasing by about 86.3%[63]. - International passenger volume surged by approximately 274.1% year-on-year, benefiting from the easing of travel restrictions[63].

Financial Performance - Total revenue for the first half of 2022 was RMB 1,101,321,000, a decrease of 37.0% compared to RMB 1,747,392,000 in the same period of 2021[4] - The company's aviation business revenue dropped by 50.1% to RMB 348,862,000 from RMB 698,905,000 in the previous year[7] - Non-aeronautical business revenue totaled RMB 752,459,000, down 28.2% from RMB 1,048,487,000 in the same period of 2021[9] - The loss attributable to shareholders increased by 67.0% to RMB 1,404,644,000, compared to RMB 840,935,000 in the previous year[4] - Operating loss for the first half of 2022 was RMB 1,698,756,000, compared to an operating loss of RMB 1,058,273,000 in the first half of 2021[49] - The company reported a net loss attributable to shareholders of RMB 1,404,644,000 for the first half of 2022, compared to a net loss of RMB 840,935,000 in the same period of 2021[50] - The total comprehensive loss for the period was RMB 1,422,079,000, compared to a total comprehensive loss of RMB 828,946,000 in the first half of 2021[50] Operational Metrics - The number of aircraft takeoffs and landings decreased by approximately 52.3% to 75,387 compared to 157,900 in the previous year[6] - Passenger throughput fell by 69.7% to 5,522,779 compared to 18,237,613 in the same period last year[6] - The total cargo and mail throughput decreased by 14.2% to 566,975 tons compared to 660,665 tons in the same period last year[6] - The company reported a significant decline in passenger service fee revenue, which was RMB 90,584,000, down 68.9% from the previous year[8] Assets and Liabilities - Total assets as of June 30, 2022, were RMB 33,378,948,000, a decrease of 5.0% from RMB 35,147,336,000 at the end of 2021[4] - Total liabilities as of June 30, 2022, amounted to RMB 14,645,230,000, a slight decrease from RMB 14,972,528,000 as of December 31, 2021[48] - The company's current ratio as of June 30, 2022, was 0.21, down from 0.41 as of December 31, 2021[18] - The debt-to-asset ratio increased to 43.88% as of June 30, 2022, compared to 42.60% as of December 31, 2021[19] Cash Flow and Financial Position - The net cash used in operating activities for the first half of 2022 was RMB 519,513,000, compared to RMB 204,836,000 in the same period of the previous year[19] - Cash and cash equivalents decreased to RMB 959,939,000 as of June 30, 2022, down from RMB 2,224,473,000 as of December 31, 2021[18] - The company has considered its existing funding sources, including cash inflows from operations, unused loan facilities from the parent company, and unused bank credit lines, to meet its working capital and debt repayment needs[31] Business Outlook and Strategy - The company anticipates continued challenges in the aviation sector due to the ongoing impact of COVID-19 and related policies[5] - The company plans to enhance operational safety and efficiency while adapting to post-pandemic passenger demand changes in the second half of 2022[16] - The company aims to improve service quality and strengthen strategic cooperation with airlines to enhance its international aviation hub competitiveness[16] - The company will implement strict pandemic prevention measures to ensure operational safety and smoothness[16] Shareholder Information - The total issued share capital as of June 30, 2022, was 4,579,178,977 shares, with 58.96% being domestic shares and 41.04% H-shares[30] - The major shareholder, Capital Airport Group Co., Ltd., holds 2,699,814,977 shares, representing 100% of the domestic shares and 58.96% of the total issued shares[32] - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2022[18] Compliance and Governance - The Audit and Risk Management Committee has reviewed the financial data for the six months ending June 30, 2022, and found it compliant with applicable accounting standards and regulations[38] - The company confirms compliance with all provisions of the Corporate Governance Code, except for a minor deviation due to reasonable circumstances[39] - The company strictly adhered to the "Securities Trading Code for Directors and Employees" during the six months ending June 30, 2022[42] Employee and Management Information - The number of employees as of June 30, 2022, was 1,555, a slight decrease from 1,558 on the same date in the previous year[26] - The total compensation for key management personnel for the three months ended June 30, 2022, was RMB 1,611,000, an increase from RMB 1,524,000 in 2021[111]

Financial Performance - In 2021, the company's revenue was RMB 3,344,709,000, a decrease of 6.8% compared to RMB 3,587,136,000 in 2020[6] - The company reported a pre-tax loss of RMB 2,820,414,000 in 2021, compared to a loss of RMB 2,710,120,000 in 2020, indicating a worsening financial performance[6] - The net loss attributable to equity holders was RMB 2,116,537,000 in 2021, slightly higher than the loss of RMB 2,034,651,000 in 2020[6] - The company's total assets amounted to RMB 35,147,336,000, a slight decrease from RMB 35,422,916,000 in 2020[6] - Shareholders' equity decreased to RMB 20,174,808,000 in 2021 from RMB 22,238,234,000 in 2020, reflecting a decline in the company's net worth[6] - The main operating revenue was RMB 3,344,709,000, with aviation revenue at RMB 1,342,969,000, an increase of about 3.6%, while non-aviation revenue decreased by approximately 12.6% to RMB 2,001,740,000[17] - The total operating expenses for the year were RMB 6,046,589,000, with an increase of about 1.3% year-on-year[20] - The net loss for the fiscal year ending December 31, 2021, was RMB 2,116,537,000, an increase of about 4.0% compared to the previous year's loss[144] - The company did not recommend the distribution of a final dividend for the year ending December 31, 2021, due to operating losses caused by the pandemic[145] Operational Highlights - The company operated 85 airlines at Beijing Capital Airport by the end of 2021, with 26 domestic and 59 international airlines[9] - The airport served 208 destinations across 54 countries and regions, with 133 domestic and 75 international destinations[9] - In 2021, the total passenger throughput was 32,639,013, a decrease of approximately 5.4% compared to the previous year[16] - The total number of aircraft movements in 2021 was 298,176, an increase of approximately 2.3% from the previous year[131][132] - Cargo and mail throughput increased by approximately 15.8% to 1,401,313 tons, reflecting a rise in freight demand[131][132] Strategic Focus - The company emphasized the importance of enhancing operational efficiency and safety amidst ongoing challenges from the pandemic[15] - The management is focused on high-quality development and improving service operations to adapt to the changing market environment[15] - The company plans to leverage domestic market potential to stimulate passenger travel demand and enhance operational resilience[14] - The company aims to enhance operational efficiency and quality by optimizing business structure and improving service quality, focusing on becoming a world-class international hub airport[28] - The company plans to implement key projects to address infrastructure shortcomings and enhance operational safety margins in 2022[24] Market Challenges - The international business volume remains low due to ongoing pandemic impacts, affecting duty-free income and overall revenue[16] - The company recognizes the complexity and uncertainty of the current external environment, impacting the recovery of the aviation market[21] - In 2021, Beijing Capital International Airport faced operational challenges due to complex domestic and international conditions, impacting business volume recovery[25] - The company anticipates continued challenges in operations due to the pandemic but is focused on cost control and recovery strategies[130] Governance and Management - The company has a well-defined governance structure, with clear responsibilities between the chairman and the general manager[169] - The board of directors held a total of 11 meetings in 2021, with 7 conducted via written resolutions, focusing on strategic development and major operational matters[166] - The company provides monthly updates to board members regarding operational performance, financial status, and market regulatory dynamics[171] - The company has purchased liability insurance for its directors and senior management to protect against potential legal actions[170] - The company has received confirmation letters from all independent non-executive directors regarding their independence as per Listing Rule 3.13[101] Shareholder Information - The company's total issued share capital as of December 31, 2021, was 4,579,178,977 shares[80] - The company’s parent company holds 58.96% of its shares[72] - The major shareholder, Capital Airport Group Co., Ltd., holds 2,699,814,977 shares, representing approximately 58.96% of the total issued shares[81] - As of March 24, 2021, 41.04% of the company's issued shares, totaling 1,879,364,000 H-shares, are held by the public, meeting the minimum public float requirement under Listing Rule 8.08[94] Employee and Community Engagement - The total number of employees increased to 1,567 in 2021 from 1,556 in 2020[152] - The company made charitable donations totaling RMB 1,000,000 during the fiscal year ending December 31, 2021[38] Environmental Commitment - The company is committed to environmental protection and aims to build a "green airport" through energy management and biodiversity protection measures[33]

Revenue Performance - Total revenue for the first half of 2021 was RMB 1,747,392,000, a decrease of 11.9% compared to RMB 1,982,735,000 in 2020[4] - The company's aviation revenue increased by 22.7% to RMB 698,905,000 from RMB 569,695,000 in 2020[9] - Non-aeronautical revenue decreased by 25.8% to RMB 1,048,487,000 from RMB 1,413,040,000 in the previous year[12] - The company's concession revenue for the first half of 2021 was RMB 564,564,000, a decrease of 36.6% compared to the same period last year[13] - Advertising revenue was RMB 413,329,000, down 24.7% year-on-year, primarily due to the impact of COVID-19 on passenger flow and advertising resource availability[13] - Rental income decreased by 7.5% to RMB 472,637,000, attributed to reduced office and check-in counter rental income due to airline relocations and decreased international passenger traffic[15] - Parking service revenue increased by 27.4% to RMB 25,707,000, mainly due to adjustments in revenue recognition based on contracts[13] Financial Position - The total assets as of June 30, 2021, were RMB 35,378,021,000, a slight decrease of 0.1% from RMB 35,422,916,000 at the end of 2020[4] - Total liabilities increased by 6.2% to RMB 13,998,354,000 from RMB 13,184,682,000 in 2020[4] - Shareholders' equity decreased by 3.9% to RMB 21,379,667,000 from RMB 22,238,234,000 at the end of 2020[4] - The company reported a basic and diluted loss per share of RMB 0.184, a 14.3% increase from RMB 0.161 in 2020[4] - The total issued share capital as of June 30, 2021, was 4,579,178,977 shares, with 58.96% being domestic shares[46] - The company maintained a stable employee count of 1,558 as of June 30, 2021, unchanged from the previous year[38] Cash Flow and Liquidity - As of June 30, 2021, the company's cash and cash equivalents amounted to RMB 2,848,530,000, an increase from RMB 2,296,801,000 as of December 31, 2020, representing a growth of approximately 24%[26] - The net cash used in operating activities for the first half of 2021 was RMB 204,836,000, a decrease from RMB 222,917,000 in the same period of the previous year[28] - The net cash used in investing activities for the first half of 2021 was RMB 306,287,000, slightly up from RMB 298,203,000 in the same period of the previous year[28] - The net cash generated from financing activities for the first half of 2021 was RMB 1,063,078,000, an increase from RMB 685,553,000 in the same period of the previous year[28] - The company's current ratio improved to 0.50 as of June 30, 2021, compared to 0.39 as of December 31, 2020[28] - The debt-to-asset ratio increased to 39.57% as of June 30, 2021, up from 37.22% as of December 31, 2020[28] Operational Performance - The total number of aircraft movements increased by 33.1% to 157,900 compared to 118,648 in the same period last year[7] - Passenger throughput rose by 40.2% to 18,237,613 compared to 13,010,765 in the previous year[7] - Operating expenses totaled RMB 2,794,876,000, a decrease of 2.7% year-on-year[17] - General, administrative, and other expenses decreased by 53.3% to RMB 84,143,000, mainly due to reduced one-time pandemic-related expenditures[19] - The company reported a net financial cost of RMB 62,521,000, a decrease of 2.9% year-on-year, influenced by currency exchange gains from USD-denominated liabilities[20] Future Outlook and Strategy - The company plans to strengthen public health system construction and improve emergency response plans for public health events in the second half of 2021[22] - The company aims to enhance communication and cooperation with airlines to promote the recovery of the aviation market at Beijing Capital Airport[22] - The company continues to monitor the impact of the COVID-19 pandemic on international passenger throughput and will take necessary measures accordingly[83] - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the provided content[166] - The company continues to focus on improving operational efficiency and cost management in response to changing market conditions[166] Shareholder Information - The company’s major shareholders include various investment managers and entities, indicating a diverse ownership structure[47] - Capital Airport Group Co., Ltd. holds 2,699,814,977 shares, representing 58.96% of the total issued shares[47] - T. Rowe Price holds 188,418,000 shares, accounting for 10.02% of H shares[47] - Citigroup Inc. has a total of 166,251,356 shares (long) and 14,099,163 shares (short), representing 8.84% and 0.75% of H shares respectively[47] - BlackRock, Inc. holds 128,111,431 shares (long) and 26,008,000 shares (short), making up 6.82% and 1.38% of H shares respectively[47] - Aberdeen Asset Management PLC holds 114,868,000 shares, which is 6.11% of H shares[47] Compliance and Governance - The Audit and Risk Management Committee has reviewed the financial data for the six months ending June 30, 2021, ensuring compliance with applicable accounting standards[60] - The company confirms adherence to the Corporate Governance Code, with all provisions complied with except for a minor deviation regarding attendance at the annual general meeting[62] - The company has not reported any significant operational changes since the last annual report published on April 28, 2021[55] Accounting and Financial Reporting - The company has adopted new accounting standards and revisions, which are not expected to have a significant impact on current or future reporting periods[90] - The company has assessed the impact of new accounting standards and will continue to evaluate their effects in the future[93] - Financial assets and liabilities' carrying amounts are close to their fair values, indicating minimal impact from discounting[102] - The company has maintained its risk management policies without any changes since the end of the previous year[97]

Financial Performance - In 2020, the company's revenue was RMB 3,587,136,000, a significant decrease from RMB 10,810,484,000 in 2019, representing a decline of approximately 66.8%[7] - The company reported a pre-tax loss of RMB 2,710,120,000 in 2020, compared to a profit of RMB 3,229,333,000 in 2019, indicating a substantial downturn in financial performance[7] - The net loss attributable to equity holders was RMB 2,034,651,000, a stark contrast to the profit of RMB 2,419,373,000 in the previous year, marking a year-over-year decline of 184.2%[7] - The company's main business revenue for 2020 was RMB 3,587,136,000, a decrease of 66.8% compared to the previous year[93] - The aviation business revenue was RMB 1,296,203,000, down 68.3% year-on-year, primarily due to the impact of COVID-19[96] - Non-aviation business revenue was RMB 2,290,933,000, a decrease of 65.9% year-on-year[97] - The company reported a significant increase in short-term borrowings to RMB 2,868,909,000 from RMB 500,000,000 in 2019, indicating a shift in financing strategy[178] - The company incurred significant losses in 2020, leading to a reduction in retained earnings by RMB 483,874,000[185] Operational Metrics - The company operated 88 airlines at Beijing Capital International Airport by the end of 2020, with 26 international destinations and 121 domestic destinations[10] - In 2020, Beijing Capital International Airport experienced a significant decline in traffic, with total aircraft movements down by 51.0% to 291,498, passenger throughput decreased by 65.5% to 34,513,827, and cargo/mail throughput fell by 38.1% to 1,210,441 tons[14] - The total number of aircraft takeoffs and landings at Beijing Capital Airport was 291,498, a decrease of 51.0% from the previous year[94] - Passenger throughput reached 34,513,827, a decline of 65.5% compared to the previous year[95] - The total cargo and mail throughput was 1,210,441 tons, a decrease of 38.1% from the previous year[94] Cost Management and Efficiency - Total operating expenses for the year were RMB 5,968,746,000, representing a reduction of 18.8% compared to the previous year, as the company implemented strict cost control measures[20] - The company's operating expenses for 2020 were RMB 5,968,746,000, a reduction of 18.8% from the previous year[101] - Employee costs decreased by 23.4% to RMB 538,686,000, mainly due to the impact of the COVID-19 pandemic[102] Strategic Initiatives - The company emphasized its commitment to high-quality development and infrastructure improvement despite the challenges posed by the COVID-19 pandemic[11] - The company plans to continue enhancing its cost control measures and infrastructure development to support future growth[11] - The company aims to adapt to new market conditions and pursue innovative strategies for recovery and growth in the post-pandemic environment[11] - The company is focused on building a "four-type airport" to improve operational quality and enhance passenger experience through safety, comfort, convenience, and enjoyment[16] - The company plans to optimize flight schedule structures and strengthen resource allocation to enhance its attractiveness as an international hub under the "one city, two airports" operational model[17] Pandemic Response and Recovery - The company is focused on maintaining effective pandemic prevention measures while ensuring stable operations in the aviation sector[11] - The company achieved the "three zero" goals in epidemic prevention: zero errors in passenger and cargo control, zero infections among employees, and zero complaints for emergency transport[14] - The company plans to strengthen its response mechanisms for epidemic prevention and improve public health security systems at the airport, leveraging technology to boost passenger confidence[24] - The company is actively seeking government subsidies to mitigate the adverse effects of the COVID-19 pandemic[107] Governance and Management - The board of directors was restructured on June 23, 2020, with the appointment of new members and the confirmation of the management team[68] - The company has a strong governance structure with a diverse board, including members with backgrounds in law, aviation management, and public administration[81] - The company has established a clear governance structure with distinct responsibilities for the Chairman and the General Manager, ensuring effective decision-making and daily operations[117] - The company has purchased liability insurance for its directors, supervisors, and senior management to protect against potential legal actions[118] Future Outlook - The outlook for 2021 remains cautious due to ongoing international pandemic pressures, but the company believes there are still strategic opportunities for growth in the aviation sector[21] - The company provided a positive outlook for 2021, projecting a recovery in passenger traffic with an expected growth rate of 20%[76] - Future guidance indicates an EBITDA margin improvement target of 10% by the end of 2021[76] - The company plans to enhance customer experience through digital transformation initiatives, aiming for a 30% increase in customer satisfaction scores[76] Environmental and Social Responsibility - The company emphasizes the importance of environmental protection and energy management, aiming to create a "green airport" through clean energy use and biodiversity protection[29] - The board of directors emphasized the importance of sustainability, with a goal to reduce carbon emissions by 20% over the next five years[76] - The company is committed to maintaining strong financial health while pursuing strategic growth opportunities[73]

Financial Performance - The company's revenue for 2019 was RMB 10,810,484,000, a decrease of 4.0% from RMB 11,262,512,000 in 2018[7]. - The profit before interest, tax, depreciation, and amortization (EBITDA) was RMB 4,789,354,000, down from RMB 5,375,970,000 in the previous year, representing a decline of 10.9%[7]. - The net profit after tax was RMB 2,419,373,000, a decrease of 15.7% compared to RMB 2,872,055,000 in 2018[7]. - Basic and diluted earnings per share were RMB 0.55, down from RMB 0.66 in 2018, reflecting a decline of 16.7%[7]. - The return on equity (ROE) was 9.69%, down from 12.27% in 2018, indicating a decrease of 20.9%[7]. - The company's annual net profit was RMB 2,419,373,000, a decrease of 15.8% compared to the previous year[92]. - The company's total revenue for 2019 was RMB 10,810,484,000, a decrease of 4.0% compared to the previous year[82]. - The aviation business revenue was RMB 4,088,745,000, down 23.0% year-on-year, primarily due to a decline in air traffic and the cancellation of the civil aviation development fund refund policy[85]. - Non-aviation business revenue increased by 12.9% to RMB 6,721,739,000, driven by new duty-free contracts and improved passenger purchasing power[87]. - The company's operating expenses for 2019 were RMB 7,349,647,000, an increase of 1.7% compared to the previous year[88]. Operational Highlights - The company operated 93 airlines at Beijing Capital International Airport by the end of 2019, with 294 destinations served, including 161 domestic and 133 international[9]. - In 2019, Beijing Capital Airport's total passenger throughput reached 100,011,438, a decrease of 1.0% compared to the previous year, while aircraft movements totaled 594,329, a decline of 3.2%[12]. - The company expanded its international route network and increased the frequency of several international destinations, enhancing its global influence[14]. - The company aims to enhance its comprehensive hub capabilities and improve service quality through infrastructure upgrades and expansion of international markets[10]. - The company aims to build Beijing Capital International Airport into a world-class international hub with a focus on safety, quality, and service[23]. Shareholder and Capital Structure - The company completed a non-public issuance of shares, increasing the total number of ordinary shares from 4,330,890,000 to 4,579,178,977[8]. - The company has a 58.96% shareholding by its parent company, which influences various related transactions[51]. - The major shareholder, Capital Airport Group Company, holds 2,699,814,977 domestic shares, representing 100% of the domestic shares and 58.96% of the total issued shares[58]. - The company confirmed compliance with the disclosure requirements of Chapter 14A of the Listing Rules regarding related party transactions[56]. - The proposed final dividend for 2019 is RMB 0.1533 per share, totaling approximately RMB 701,988,000, which is similar to the previous year's dividend[92]. Governance and Management - The board of directors includes members who also serve as general managers or deputy general managers of the parent company, which may create competitive business interests[63]. - The company emphasizes the importance of independent directors in maintaining corporate governance and oversight, ensuring compliance and strategic direction[73]. - The company has implemented a structured approach to management compensation, aligning it with performance metrics and industry standards[80]. - The company has appointed PwC and Deloitte as its domestic and overseas auditors for the year 2020, respectively[66]. - The company has retained the option to purchase assets related to the new Daxing Airport, which commenced operations on September 25, 2019[63]. Risk Management and Compliance - The company has established a comprehensive risk management and internal control system aimed at ensuring operational efficiency, asset security, and the reliability of financial reporting[122]. - The audit department conducted internal audits in key business areas and high-risk control segments during 2019, reporting to the audit and risk management committee twice[125]. - The company’s financial statements were confirmed to comply with applicable regulations and accounting standards, with external auditors responsible for the accuracy of the financial reports[121]. - The company has implemented strict compliance with fair principles in related transactions during the reporting period[129]. - The company has not engaged in any transactions that would harm shareholder rights or result in asset loss during the acquisition or sale of assets[129]. Future Outlook and Strategic Initiatives - The company plans to strengthen communication with main base airlines and optimize the route network in 2020, focusing on expanding international hub competitiveness[19]. - The company aims to enhance management capabilities and governance levels, striving to align with world-class airport standards while promoting safety and environmental management[19]. - The company has allocated 200 million for research and development in the upcoming year, aiming to innovate in customer service technologies[69]. - The company plans to face challenges from the COVID-19 pandemic by adjusting its structure, improving functions, and enhancing quality and efficiency[20]. - The company has set a future outlook with a revenue guidance of 1.5 billion for the next fiscal year, indicating a growth target of 25%[70].

Financial Performance - In 2018, Beijing Capital International Airport achieved a passenger throughput of 100,983,290, marking a 5.4% increase year-over-year, and solidifying its position as the second busiest airport globally [24]. - The total revenue for 2018 was RMB 11,262,512,000, up from RMB 9,574,516,000 in 2017, representing an increase of 17.7% [18]. - The pre-tax profit for 2018 reached RMB 3,828,591,000, a 10.3% increase compared to RMB 3,470,294,000 in 2017 [18]. - The net profit attributable to equity holders was RMB 2,872,055,000, reflecting a 10.4% growth from RMB 2,600,461,000 in the previous year [18]. - The company's net profit after tax for 2018 was RMB 2,872,055,000, reflecting a growth of 10.4% year-over-year [26]. - The company's main business revenue for 2018 was RMB 11,262,512,000, an increase of 17.6% compared to the previous year [115]. - The aviation business revenue reached RMB 5,309,408,000, growing by 4.1% year-on-year, driven by increased passenger throughput and optimized route structure [118]. - Non-aviation business revenue totaled RMB 5,953,104,000, marking a significant increase of 33.1% from the previous year, attributed to new duty-free contracts and improved passenger purchasing power [119]. - The company's net profit for the fiscal year ending December 31, 2018, was RMB 2,872,055,000, representing a growth of 10.4% year-on-year [126]. - The proposed final dividend for 2018 is RMB 0.1623 per share, totaling approximately RMB 702,903,000, which is 40% of the company's after-tax profit for the year [127]. Operational Metrics - The number of aircraft movements in 2018 was 614,022, which is a 2.8% increase from the previous year [24]. - The cargo and mail throughput reached 2,074,005 tons, representing a 2.2% increase year-over-year [24]. - The total number of aircraft movements in 2018 was 614,022, a 2.8% increase from the previous year, with passenger throughput reaching 100,983,290, up by 5.4% [116]. - The international passenger throughput increased by 7.2% to 23,290,699, while domestic passenger throughput rose by 4.9% to 77,692,591 [117]. Revenue Segmentation - In 2018, the company achieved aviation revenue of RMB 5,309,408,000, a 4.1% increase year-over-year, and non-aviation revenue of RMB 5,953,104,000, a 33.1% increase, leading to total main business revenue of RMB 11,262,512,000, up 17.6% [26]. - The company's rental income from non-aviation services was RMB 1,300,476,000, an 8.6% increase compared to the previous year [119]. - The retail segment within non-aviation business saw a remarkable growth of 83.2%, generating RMB 2,774,187,000 in revenue [119]. - The company's advertising revenue was RMB 1,148,177,000, up 4.5% from the previous year, due to contract renewals and new advertising media resources [120]. - The company's parking service revenue was RMB 169,896,000, an increase of 4.6% year-on-year, driven by increased passenger throughput [120]. Expenses and Liabilities - Total operating expenses for 2018 were RMB 7,223,392,000, an increase of 21.0% compared to the previous year, with financial expenses rising by 193.1% due to RMB exchange rate fluctuations [26]. - Operating expenses for 2018 amounted to RMB 7,223,392,000, reflecting a 21.0% increase year-on-year due to rising management fees and maintenance costs [115]. - Total liabilities increased to RMB 11,284,918 thousand in 2018 from RMB 9,207,443 thousand in 2017, representing a rise of about 22.5% [196]. Strategic Initiatives - The company plans to continue expanding international routes and enhancing the competitiveness of its premium routes [25]. - The company aims to strengthen its hub competitiveness and expand routes along the "Belt and Road" initiative, focusing on maintaining leadership in European and American routes [31]. - The company plans to enhance infrastructure and service capabilities at Beijing Capital Airport, leveraging the operational pressure relief from the transition of airlines to Daxing Airport [35]. - The company aims to create new development momentum through structural adjustments and quality improvements to achieve high-quality, efficient, and satisfactory growth [30]. - The company anticipates a decline in revenue and profit levels due to the cancellation of the airport fee policy effective November 29, 2018, which was a significant component of aviation revenue [29]. Governance and Management - The company has maintained a governance structure that complies with the corporate governance code, with all board members attending the annual general meeting except for two due to work commitments [136]. - The board of directors consists of ten members, including three executive directors, three non-executive directors, and four independent non-executive directors, ensuring compliance with listing rules [139]. - The company has implemented a corporate pension plan, requiring both the company and employees to contribute monthly to the pension account [133]. - The company has provided appropriate liability insurance for directors and senior officers against third-party liabilities [91]. - The company has a commitment to transparency and accountability, as evidenced by the qualifications and experiences of its board members [104]. Risk Management - The company has established a robust risk management and internal control mechanism to avoid legal violations and protect its reputation [37]. - The company’s risk management and internal control system aims to ensure operational efficiency, asset security, and the reliability of operational information and financial reporting [168]. - The company updated its risk management manual in 2018, identifying new risk points and optimizing the risk management control system [173]. - The audit department conducted internal audits in key business areas and high-risk control segments during 2018 [173]. Shareholder Information - As of December 31, 2018, the total share capital of the company was 4,330,890,000 shares, with H shares amounting to 1,879,364,000 and domestic shares at 2,451,526,000 [81]. - Capital Airport Group Company held 2,451,526,000 domestic shares, representing 100% of the domestic shares and 56.61% of the total issued shares [82]. - The company’s major shareholders include entities with significant stakes, such as Chow Tai Fook Capital Limited, which is controlled by Cheng Yu Tung Family [84]. - The company has not entered into any significant contracts with its controlling shareholders or their subsidiaries during the year ended December 31, 2018 [90]. Audit and Compliance - The financial reports for the year ended December 31, 2018, were audited and deemed to accurately reflect the company's financial position and performance [184]. - The auditor's responsibility includes evaluating the appropriateness of accounting policies and the reasonableness of accounting estimates and disclosures made by management [192]. - The audit report was issued on March 27, 2019, by PwC, with the audit engagement partner being Wu Jun [193]. - The company has implemented internal controls to ensure the financial statements are free from material misstatement due to fraud or error [190].