Financial Performance - The company's operating revenue for the first half of 2024 was RMB 2,683,873,000, representing a year-on-year growth of approximately 35.2%[2] - Total revenue for the six months ended June 30, 2024, was RMB 2,683,873,000, representing a 35.1% increase from RMB 1,985,073,000 for the same period in 2023[14] - The revenue from aviation-related businesses was RMB 1,285,649,000, an increase of approximately 41.3% compared to the same period last year, while non-aviation revenue was RMB 1,398,224,000, up about 30.1% year-on-year[2] - The net loss after tax for the first half of 2024 was RMB 376,494,000, a decrease of approximately 63.9% compared to the net loss of RMB 1,041,495,000 in the same period last year[2] - The company reported a net financial cost of RMB (141,690,000) for the six months ended June 30, 2024, compared to RMB (173,209,000) for the same period in 2023[15] Operational Metrics - In the first half of 2024, Beijing Capital International Airport recorded 211,420 aircraft movements, an increase of approximately 20.2% year-on-year[2] - Passenger throughput reached 32,703,380, up about 41.6% year-on-year, and cargo and mail throughput was 704,681 tons, an increase of approximately 48.9% year-on-year[2] - The number of aircraft takeoffs and landings increased to 211,420, representing a growth of 20.2% year-over-year, with international flights seeing a significant increase of 124.0%[29] - Passenger throughput reached 32,703,380, up 41.6% from the previous year, with international passenger numbers increasing by 225.7%[29] Expenses and Costs - Operating expenses for the first half of 2024 amounted to RMB 2,900,362,000, reflecting a year-on-year increase of approximately 5.2%[2] - The company's depreciation and amortization expenses decreased by 4.1% to RMB 743,864,000, attributed to changes in asset depreciation schedules[34] - Repair and maintenance costs rose by 11.7% to RMB 447,042,000, driven by increased business volume and equipment usage[34] - The company's utility expenses for the first half of 2024 were RMB 261,073,000, reflecting a growth of about 13.6% year-on-year, primarily due to increased electricity consumption from operational improvements at Beijing Capital Airport[35] - The company's employee expenses amounted to RMB 284,489,000, an increase of approximately 17.3% compared to the same period last year[35] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 33,988,344,000, compared to RMB 32,589,339,000 as of December 31, 2023[6] - Total liabilities as of June 30, 2024, were RMB 19,501,583,000, an increase from RMB 17,701,536,000 as of December 31, 2023[7] - As of June 30, 2024, the company's short-term borrowings amounted to RMB 8,860,000,000, an increase from RMB 6,560,000,000 as of December 31, 2023[22] - The company's asset-liability ratio was 57.38% as of June 30, 2024, compared to 54.32% at the end of 2023[39] Shareholder Information - The total issued share capital as of June 30, 2024, is 4,579,178,977 shares, with domestic shares accounting for 58.96% and H shares for 41.04%[50] - Capital Airport Group Co., Ltd. holds 100% of the domestic shares, representing 58.96% of the total issued shares[52] - Mitsubishi UFJ Financial Group, Inc. holds 152,506,000 H shares, which is 8.11% of the H shares and 3.33% of the total issued shares[52] Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code, except for a specific deviation due to reasonable causes[61] - The company strictly enforced the Securities Trading Code for directors and employees during the six months ending June 30, 2024[62] - The board of directors includes two executive directors and four independent non-executive directors[64] Future Outlook - The overall increase in passenger traffic and flight operations is expected to continue supporting revenue growth in the upcoming quarters[30] - The company plans to enhance operational efficiency and service quality in the second half of 2024, focusing on improving flight bridge rates and optimizing passenger processing[38]

Financial Performance - The company reported an operating revenue of RMB 1,330,855,660.89 for the three months ending March 31, 2024, compared to RMB 844,586,805.38 in the same period of 2023, representing a year-over-year increase of approximately 57.5%[5] - The operating loss for the same period was RMB 149,573,723.26, significantly improved from a loss of RMB 551,217,575.81 in the previous year[5] - The company’s net loss for the three months was RMB 149,170,603.57, an improvement from a net loss of RMB 551,170,567.86 in the same period last year[5] Assets and Liabilities - Total assets as of March 31, 2024, amounted to RMB 32,805,118,005.93, a slight increase from RMB 32,589,339,015.34 as of December 31, 2023[3] - Current assets increased to RMB 3,589,795,932.11 from RMB 3,015,656,034.22, reflecting a growth of approximately 19%[3] - Total liabilities reached RMB 18,066,483,997.27, compared to RMB 17,701,534,403.11 at the end of 2023, marking an increase of about 2.1%[4] - Short-term borrowings increased to RMB 7,278,125,139.96 from RMB 6,564,715,088.89, representing an increase of approximately 10.9%[4] Cash Flow and Liquidity - Operating cash flow for the three months ended March 31, 2024, was a net outflow of RMB 113,296,349.42, compared to a net outflow of RMB 764,380,211.33 for the same period in 2023, representing a significant improvement[6] - Cash inflow from financing activities increased to RMB 2,911,381,058.72 for the three months ended March 31, 2024, up from RMB 800,000,000.00 in the same period of 2023, indicating strong financing support[7] - The company reported a net increase in cash and cash equivalents of RMB 316,175,847.38 for the three months ended March 31, 2024, compared to a net decrease of RMB 145,803,375.89 in the same period of 2023[7] - Total cash and cash equivalents at the end of the reporting period reached RMB 1,597,981,706.07, an increase from RMB 1,444,609,507.27 at the end of the same period in 2023[7] Cost Management and Investments - Cash outflow for purchasing goods and services was RMB 1,061,497,508.61, slightly lower than RMB 1,085,025,493.92 in the same period of 2023, reflecting improved cost management[6] - Cash inflow from operating activities totaled RMB 1,255,032,078.88, significantly higher than RMB 588,547,802.97 in the same period of 2023, indicating strong sales performance[6] - Cash outflow for employee payments increased to RMB 262,140,281.64 from RMB 230,402,114.45 year-over-year, suggesting a rise in workforce costs[6] - Cash outflow for investment activities was RMB 185,717,756.68, up from RMB 99,649,693.43 in the same period of 2023, indicating increased investment in long-term assets[6] - Total cash inflow from investment activities was RMB 1,861,588.21, down from RMB 3,512,458.53 in the same period of 2023, reflecting a decrease in investment returns[6] Foreign Exchange Impact - The company experienced a foreign exchange impact of RMB 34,073.90 on cash and cash equivalents, contrasting with a negative impact of RMB 266,307.77 in the same period of 2023, showing improved currency stability[7] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1] - The company issued RMB 1.5 billion in three-year medium-term notes in September 2023 to enhance liquidity[1]

Financial Performance - Total revenue for 2023 was RMB 4,558,524,000, a significant increase from RMB 2,230,948,000 in 2022, representing a growth of approximately 104.8%[4] - The company reported a pre-tax loss of RMB 1,718,685,000, an improvement compared to a loss of RMB 4,002,135,000 in 2022[4] - Net loss attributable to equity holders was RMB 1,696,788,000, compared to a loss of RMB 3,526,635,000 in the previous year, indicating a reduction in losses by approximately 52%[4] - The company's main operating revenue was RMB 4,558,524,000, an increase of approximately 104.3% compared to the previous year[10] - Aviation business revenue amounted to RMB 2,096,878,000, reflecting a year-on-year increase of approximately 195.0%[10] - Non-aviation business revenue was RMB 2,461,646,000, which is a year-on-year growth of about 61.9%[10] - The company's annual net loss was RMB 1,696,788,000, a decrease of approximately 51.9% compared to the previous year's loss[96] - The total operating expenses for 2023 were RMB 5,913,009,000, reflecting a growth of about 2.1% year-on-year due to increased management fees and cost reduction measures[86] Operational Highlights - The company operated 82 airlines at Beijing Capital International Airport by the end of 2023, with 49 countries and regions served, including 138 domestic and 85 international destinations[6] - In 2023, the company achieved a total of 379,710 aircraft takeoffs and landings, an increase of approximately 140.9% year-on-year[9] - Passenger throughput reached 52,879,156, representing a year-on-year growth of about 316.3%[10] - The total cargo and mail throughput was 1,115,908 tons, which represents a growth of about 12.9% compared to the previous year[87] - The company restored 43 international passenger routes, bringing the total number of routes to 208, which is 83% of the 2019 level[11] Strategic Initiatives - The company aims to enhance operational efficiency and service quality while ensuring safety and smooth operations in 2024[8] - Future strategies include expanding non-aeronautical services and enhancing ground handling and catering services at the airport[6] - The company is focused on high-quality development and strategic stability amidst complex market conditions[8] - The company aims to integrate ESG principles into its strategic planning and operational management to enhance long-term value creation[14] - The company plans to enhance operational quality and safety management while improving service standards in 2024[14] Shareholder and Equity Information - Shareholders' equity decreased to RMB 14,887,803,000 from RMB 16,604,920,000 in 2022, reflecting a decline of about 10.3%[4] - The company reported a cumulative loss of RMB 2,990,599,000 as of December 31, 2023, with no distributable reserves available for dividends[20] - The company did not declare a final dividend for the year ended December 31, 2023[22] - The company has not issued any share capital during the fiscal year ending December 31, 2023[21] Governance and Compliance - The company continues to adhere to good corporate governance practices, confirming compliance with all relevant codes except for a minor deviation regarding attendance at shareholder meetings[106] - The board of directors consists of nine members, including two executive directors, three non-executive directors, and four independent non-executive directors, ensuring compliance with listing rules[108] - The company emphasizes a culture of compliance and safety, conducting various training and educational activities to enhance corporate governance and operational safety[107] - The company has implemented a securities trading code to regulate transactions by directors and employees, confirming adherence to the standards throughout the reporting period[108] Environmental, Social, and Governance (ESG) Efforts - The company aims to achieve carbon neutrality by 2030, with an investment of CNY 1 billion in sustainable practices[72] - The company has identified 19 key ESG issues, including safety operations and employee welfare, to guide its sustainable development strategy[152] - The company is committed to addressing environmental, social, and governance (ESG) issues, including customer privacy, supply chain management, and climate change[156] - The company is actively promoting the application of new energy vehicles to create environmentally friendly and energy-efficient airports[159] - The company has established a three-tier ESG governance framework to ensure effective execution of climate change management and other ESG initiatives[162] Future Outlook - The company plans to expand its market presence by opening two new terminals by the end of 2024, which is expected to increase capacity by 15 million passengers annually[72] - The company is exploring potential acquisitions of smaller regional airports to enhance its service network[72] - The company aims to achieve carbon peak and carbon neutrality by setting short, medium, and long-term targets and strategies, regularly disclosing greenhouse gas reduction progress[196] - The company is committed to optimizing energy structure, improving energy efficiency, and promoting low-carbon transportation as key implementation pathways[193]

公 司 研 究 分析师：曹奕丰 021-25102904 caoyf_yjs@dxzq.net.cn 执业证书编号： S1480519050005 北京首都机场股份（00694.HK）：成本 管控到位，收入端有待国际客运恢复 事件：2023 年公司实现营收 45.59 亿元，同比增长 104.3%，其中航空性收入 20.97 亿元，同比增长 195.0%，非航收入 24.62 亿元，同比增长 61.9%。公 司税后净亏损为 16.97 亿元，较去年同期的 35.27 亿元减少 51.9%。 吞吐量回升带动航空与非航收入增长：23 年公司旅客吞吐量为 5288 万人次， 相当于 19 年同期的 53.0%，其中国内航线（不含港澳台）4520 万人次，同比 增长 269.0%，相当于 19 年同期的 62.7%，国际航线 618 万人次，同比增长 2359.6%，相当于 19 年同期的 25.8%。考虑到大兴机场的分流影响，我们认 为首都机场的国内旅客吞吐量已经得到了较好的恢复，后续增速会明显放缓。 今年 1-2 月，首都机场国际旅客量分别相当于 19 年同期的 43.4%和 49.5%， 因此预计今年国际吞吐量 ...

Financial Performance - In 2023, Beijing Capital International Airport recorded 379,710 aircraft movements, an increase of approximately 140.9% year-over-year[2]. - Passenger throughput reached 52,879,156, representing a growth of about 316.3% compared to the previous year[2]. - The company's main business revenue for 2023 was RMB 4,558,524,000, reflecting an increase of approximately 104.3% year-over-year[2]. - Aviation revenue amounted to RMB 2,096,878,000, up approximately 195.0% from the previous year[2]. - Non-aviation revenue was RMB 2,461,646,000, which is an increase of about 61.9% year-over-year[2]. - The net loss after tax for 2023 was RMB 1,696,788,000, a reduction of about 51.9% from the net loss of RMB 3,526,635,000 in the previous year[2]. - The company reported a net loss of RMB 1,696,788,000 for the year ending December 31, 2023, compared to a net loss of RMB 3,526,635,000 in 2022, indicating a significant improvement in financial performance[12]. - Total comprehensive loss for 2023 was RMB 1,709,603,000, which includes other comprehensive losses of RMB 12,815,000[12]. - The company reported a net loss of RMB (1,696,788) thousand in 2023, resulting in a basic loss per share of RMB (0.37), compared to a net loss of RMB (3,526,635) thousand and a basic loss per share of RMB (0.77) in 2022[25]. - The company did not recommend the distribution of a final dividend for the year ending December 31, 2023[2]. Operating Expenses and Cash Flow - Operating expenses for 2023 totaled RMB 5,913,009,000, a rise of approximately 2.1% compared to the previous year[2]. - Operating cash outflow for the year was RMB 575,863,000, down from RMB 1,501,321,000 in the previous year, reflecting better cash management[12]. - The company's cash and cash equivalents as of December 31, 2023, were RMB 1,281,806,000, down from RMB 1,590,413,000 on December 31, 2022[57]. - The current ratio as of December 31, 2023, was 0.22, an increase from 0.19 on December 31, 2022[57]. - The debt-to-asset ratio as of December 31, 2023, was 54.32%, up from 50.41% on December 31, 2022[57]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 32,589,339,000, down from RMB 33,483,400,000 in 2022[6]. - Total liabilities increased to RMB 17,701,536,000 in 2023 from RMB 16,878,480,000 in 2022[8]. - As of December 31, 2023, current liabilities exceeded current assets by RMB 10,479,796,000, indicating liquidity pressures[12]. - The company's total equity as of December 31, 2023, was RMB 14,887,803,000, a decrease from RMB 16,604,920,000 at the end of 2022[12]. - Total borrowings at the end of 2023 were RMB 8,558,200 thousand, up from RMB 6,398,841 thousand at the end of 2022[32]. Revenue Breakdown - Franchise income for 2023 was RMB 1,399,417,000, significantly higher than RMB 675,551,000 in 2022, showing strong growth in this segment[18]. - The company's non-aeronautical business revenue for 2023 was RMB 2,461,646,000, an increase of approximately 61.9% compared to the previous year[47]. - Catering revenue increased by approximately 125.8% to RMB 96,889,000, driven by higher passenger volumes[47]. - Rental income rose by 16.1% to RMB 860,352,000, benefiting from increased flight operations at Beijing Capital Airport[47]. - The total cargo and mail throughput for 2023 was 1,115,908 tons, representing a growth of approximately 12.9% year-over-year[44]. Challenges and Outlook - The company faced challenges due to slow recovery of international routes and the impact of flight rerouting to Daxing Airport, which affected operational performance[10]. - The outlook for 2024 indicates a favorable economic recovery, although challenges remain in operational quality and international business recovery[67]. - The company expresses gratitude to shareholders and partners for their support during the recovery phase post-pandemic, acknowledging the challenges faced due to the slower recovery of international business[69]. Strategic Initiatives - In 2024, the company aims to enhance international hub competitiveness by accelerating key construction projects and upgrading hardware facilities, leveraging technological innovation and management methods[69]. - The company plans to improve service quality by implementing safety culture initiatives and enhancing operational efficiency, including increasing flight bridge rates and improving ground operation efficiency[68]. - The company will focus on cost reduction and efficiency enhancement, implementing strict cost project reviews and comprehensive budget management to lower funding costs[68]. - The company emphasizes sustainable development and will integrate ESG principles into its strategic planning and operational management[69]. - The company will establish a data management standard system and a mechanism for the transformation of technological achievements to empower smart airport construction[68]. - The company will continue to innovate business models and dynamically adjust resource allocation to enhance operational strength and accelerate business performance improvement[68]. Miscellaneous - The company maintained a total employee count of 1,542 as of December 31, 2023, unchanged from the previous year[58]. - The company did not engage in any major mergers or acquisitions during the year ending December 31, 2023[61]. - The annual performance announcement for the year ending December 31, 2023, has been reviewed by the Audit and Risk Management Committee and is available on the Hong Kong Stock Exchange website[71].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 北京首都國際機場股份有限公司 Beijing Capital International Airport Co.,Ltd. (股份编號：00694) 公告 內幕消息 本公告由北京首都國際機場股份有限公司（「本公司」）根據香港聯合交易所有限公司證券 上市規則（「上市規則」）第13.09(2)(a)條及香港法例第571章證券及期貨條例第XIVA部項下 的內幕消息條文（定義見上市規則）作出。 誠如本公司日期為二零二三年九月四日的海外監管公告及二零二三年九月十一日的內幕 消息公告（「先前公告」）所披露，本公司已於二零二三年九月六日及二零二三年九月七日 期間於中華人民共和國（「中國」）發行總額人民幣15億元的三年期二零二三年首期中期票 據（定義見先前公告）。 本公司根據中國人民銀行及中國銀行間市場交易商協會的相關規則及法規，公佈本公司 截至二零二三年九月三十日止九個月按中國企業會計準則編製的未經審核季度財務業績 ...

Financial Performance - Total revenue for the first half of 2023 reached RMB 1,985,073,000, an increase of 80.2% compared to RMB 1,101,321,000 in the same period of 2022[5] - The company reported a net loss attributable to shareholders of RMB 1,041,495,000 for the first half of 2023, an improvement from a net loss of RMB 1,404,644,000 in the same period of 2022[58] - The total comprehensive loss for the first half of 2023 was RMB 1,036,895,000, compared to RMB 1,422,079,000 in the first half of 2022, showing a reduction in overall losses[58] - The operating loss for the first half of 2023 was RMB 844,195,000, an improvement from the operating loss of RMB 1,698,756,000 in the first half of 2022[58] - The company reported a significant increase in management service fees for franchise operations, which rose to RMB 141,513,000 from RMB 78,381,000, reflecting an increase of 80.5%[122] Revenue Breakdown - Aeronautical business revenue amounted to RMB 910,071,000, reflecting a growth of 160.9% from RMB 348,862,000 in the previous year[8] - Non-aeronautical business revenue totaled RMB 1,075,002,000, up 42.9% from RMB 752,459,000 in the same period last year[11] - The company experienced a significant increase in non-aeronautical revenue, which reached RMB 1,075,002,000, up from RMB 752,459,000 in the same period of 2022, reflecting a recovery in demand[57] - Revenue from resource usage reached RMB 56,367,000 for the six months ended June 30, 2023, compared to RMB 32,075,000 in the same period of 2022, marking an increase of 76.0%[121] Operational Metrics - The number of aircraft takeoffs and landings increased to 175,937, a growth of approximately 133.4% year-on-year from 75,387[6] - Passenger throughput reached 23,100,384, representing a significant increase of about 318.3% compared to 5,522,779 in the previous year[6] - In the first half of 2023, the company's rental income was RMB 414,906,000, an increase of approximately 15.5% compared to the same period last year, primarily due to the increase in flight takeoffs and landings at Beijing Capital Airport[12] Cash Flow and Liquidity - The company's net cash used in operating activities for the first half of 2023 was RMB 1,058,184,000, compared to RMB 519,513,000 in the same period last year[22] - Cash and cash equivalents at the end of the period stood at RMB 1,428,999,000, down from RMB 2,224,473,000 at the end of the same period in 2022[61] - The company has committed to capital expenditures of RMB 206,644,000 related to improvements in terminals and other airport facilities as of June 30, 2023[112] Debt and Liabilities - The total liabilities increased by 3.6% to RMB 17,487,621,000 from RMB 16,878,480,000 at the end of 2022[5] - The company's total liabilities to total assets ratio increased to 52.90% as of June 30, 2023, from 50.40% as of December 31, 2022[22] - The total borrowings increased from RMB 6,403,196,000 as of December 31, 2022, to RMB 9,005,510,000 as of June 30, 2023, indicating a rise of approximately 40.5%[98] Cost Management - Operating expenses for the first half of 2023 amounted to RMB 2,757,714,000, a slight decrease of about 0.3% compared to the previous year[14] - The company's aviation security and defense expenses were RMB 423,980,000, down approximately 2.7% year-on-year, mainly due to cost reduction measures[15] - The company's other costs were RMB 81,198,000, a decrease of approximately 29.4% year-on-year, primarily due to a significant reduction in pandemic prevention expenditures[18] Future Outlook - The company anticipates continued recovery in domestic air traffic and gradual improvement in international air traffic for the second half of 2023[6] - The company plans to enhance operational safety and efficiency in the second half of 2023, focusing on optimizing safety management systems and improving risk identification capabilities[20] - The company aims to improve passenger boarding efficiency and enhance service quality by collaborating with airlines and optimizing service processes in the second half of 2023[21] Corporate Governance - The board of directors was re-elected on June 20, 2023, with a total of nine members, including two executive directors and four independent non-executive directors[53] - The company confirmed compliance with the corporate governance code, except for a minor deviation regarding the attendance of independent non-executive directors at the annual general meeting[49]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 (股份編號：00694) 二零二三年中期業績公告 財務摘要 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | • | 二零二三年上半年，北京首都機場的飛機起降架次達 175,937 架次，較上一年同期 增長約 133.4% 。旅客吞吐量達 23,100,384 人次，較上一年同期增長約 318.3% 。貨 郵吞吐量達 473,326 噸，較上一年同期減少約 16.5% 。 | | • | ...

Financial Performance - In 2022, the total revenue of Beijing Capital International Airport Co., Ltd. was RMB 2,230,948,000, a decrease of approximately 33.3% compared to RMB 3,344,709,000 in 2021[5]. - The net loss attributable to equity holders for 2022 was RMB 3,526,635,000, compared to a loss of RMB 2,116,537,000 in 2021[5]. - The company's total assets as of the end of 2022 amounted to RMB 33,483,400,000, down from RMB 35,147,336,000 in 2021[5]. - The company's equity decreased to RMB 16,604,920,000 in 2022 from RMB 20,174,808,000 in 2021, reflecting a decline of approximately 17.5%[5]. - The basic and diluted loss per share for 2022 was RMB (0.77), with a return on equity of -21.24%[5]. - Total passenger throughput for the year was 12,703,342, a decrease of approximately 61.1% compared to the previous year[11]. - Main operating revenue for the year was RMB 2,230,948,000, a decrease of approximately 33.3% year-on-year, with aviation business revenue at RMB 710,728,000 (down 47.1%) and non-aviation business revenue at RMB 1,520,220,000 (down 24.1%)[11]. - Total operating expenses for the year were RMB 5,788,744,000, a reduction of approximately 4.3% year-on-year[11]. - For the fiscal year ending December 31, 2022, the company reported a cumulative loss of RMB 1,293,811,000, with no distributable reserves available for dividends[24]. - The company has not proposed any final dividend for the fiscal year ending December 31, 2022[28]. Operational Metrics - The total number of aircraft takeoffs and landings in 2022 was 157,630, representing a year-on-year decrease of about 47.1%[10]. - The company operated 85 airlines at Beijing Capital International Airport by the end of 2022, serving 207 destinations across 47 countries and regions[7]. - In the first two months of 2023, aircraft takeoffs and landings increased by approximately 31.1% year-on-year, with domestic routes up 41.8% and international routes down 51.8%[15]. - Passenger throughput in the first two months of 2023 increased by approximately 88.9%, with domestic routes up 86.3% and international passenger volume up 274.1%[15]. - In March 2023, aircraft takeoffs and landings increased by 135.9% year-on-year, and passenger throughput increased by 300.7%[15]. Strategic Initiatives - The company plans to focus on enhancing service quality and operational safety in the face of ongoing challenges in the aviation industry[9]. - The company aims to develop a new business model and enhance commercial operations to maximize resource value and improve profitability in 2023[17]. - The company will continue to promote key hub construction projects and enhance hub functionality in 2023[16]. - The company recognizes the ongoing risks in the external environment and aims to navigate challenges while seizing market recovery opportunities in 2023[14]. - The company is committed to high-quality development and has made progress in hub construction and service improvements despite the adverse conditions faced in 2022[9]. Customer and Supplier Relationships - The largest customer, Air China, accounted for 31.16% of the total revenue, while the top five customers contributed 58.09%[29]. - The largest supplier, Beijing Capital Airport Aviation Security Co., Ltd., represented 14.82% of the operating expenses, with the top five suppliers making up 39.14%[29]. Governance and Compliance - The company has implemented a strict risk management and internal control system to comply with significant laws and regulations affecting its operations[22]. - The company has maintained appropriate liability insurance for directors and senior officers against third-party liabilities[78]. - The company has confirmed that all related party transactions complied with the relevant disclosure requirements under the listing rules[71]. - The company emphasizes its commitment to governance and compliance with listing rules[91]. - The board consists of 10 members, including 3 executive directors, 3 non-executive directors, and 4 independent non-executive directors, meeting the requirement of at least one independent director with appropriate financial expertise[112]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an information management system to regularly collect and disclose key performance indicators, ensuring transparency in ESG reporting[163]. - The company aims to achieve carbon peak in the civil aviation airport sector by 2025 and carbon neutrality for all airport buildings by 2050[177]. - The company is committed to building a green airport, promoting actions related to climate change, energy conservation, emission reduction, and resource saving[170]. - The company has set short, medium, and long-term carbon peak and carbon neutrality targets, with regular disclosures on greenhouse gas reduction progress[176]. - The company has established a leadership group for environmental, social, and governance (ESG) work, responsible for planning and supervising ESG initiatives[169]. Future Outlook - The company plans to expand its market presence by increasing international flight routes by 20% in the next fiscal year[83]. - The company aims to achieve a revenue growth target of 15% for the upcoming fiscal year, driven by increased passenger volume and new service offerings[83]. - The company is exploring potential acquisitions to enhance its service offerings, targeting a 10% increase in market share by 2024[85]. - Future outlook includes plans to expand airport capacity by 20% over the next five years to accommodate increasing passenger demand[85].

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].