Financial Performance - The company's operating revenue for Q1 2022 was ¥647,729,979.09, a decrease of 17.65% compared to ¥786,537,607.31 in the same period last year[3]. - The net profit attributable to shareholders for Q1 2022 was -¥298,775,144.25, representing a decline of 697.96% from ¥49,965,677.74 in the previous year[3]. - Basic and diluted earnings per share for Q1 2022 were both -¥0.1457, a drop of 697.13% compared to ¥0.0244 in the same period last year[3]. - The weighted average return on equity was -2.54%, down from 0.42% in the previous year[3]. - The company reported a net profit margin decline due to rising costs and decreased revenues, impacting overall profitability[33]. - The company reported a net loss of ¥295,281,543.19 for the current period, compared to a net profit of ¥52,988,266.59 in the previous period, indicating a significant decline in profitability[36]. - The company’s total operating profit was -¥394,101,276.48, a decline from ¥55,875,391.48 in the previous period[36]. Cash Flow and Assets - The net cash flow from operating activities decreased by 41.82% to ¥232,017,697.12 from ¥398,798,171.12 year-on-year[3]. - The company's cash and cash equivalents decreased to ¥1,098,476,551.48 from ¥3,164,295,048.90, indicating a reduction of approximately 65.3%[26]. - The company's cash and cash equivalents at the end of the period were ¥464,276,551.48, compared to ¥324,363,082.63 at the end of the previous period[42]. - The company experienced a significant increase in investment cash outflow, totaling ¥1,489,169,599.14, compared to ¥574,200,999.61 in the previous period[42]. - The net cash flow from investing activities was -¥1,177,576,311.32, worsening from -¥324,149,079.31 in the previous period[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥26,334,424,656.54, a slight increase of 0.02% from ¥26,330,317,780.87 at the end of the previous year[3]. - The equity attributable to shareholders decreased by 2.51% to ¥11,590,352,714.13 from ¥11,889,127,858.38 at the end of the previous year[3]. - Total liabilities rose to ¥14,732,051,605.65 from ¥14,427,625,014.21, an increase of approximately 2.1%[29]. - The company's total equity decreased to ¥11,602,373,050.89 from ¥11,902,692,766.66, a decline of approximately 2.5%[32]. Investments and Financial Management - The company plans to use up to ¥2 billion of its idle funds for short-term bank wealth management products and financing products issued by state-owned enterprises in Shenzhen[11]. - The company invested RMB 30 million in a wealth management product from Huaxia Bank with an expected annualized return of 3.85%, which was redeemed on January 24, 2022, yielding a total return of RMB 1.155 million[13]. - The company subscribed to a structured deposit from Industrial and Commercial Bank of China for RMB 50 million with an expected annualized return of 3.68%, maturing on January 13, 2023, which has not yet matured[14]. - The company also invested RMB 50 million in another structured deposit from Beijing Bank with an expected annualized return of 3.685%, maturing on July 18, 2022, which has not yet matured[15]. - Additionally, the company invested RMB 15 million in a structured deposit from Beijing Bank with an expected annualized return of 3.72%, maturing on July 18, 2022, which has not yet matured[15]. - The company provided RMB 15 million to Shanghai Bank for a structured deposit with an expected annualized return of 3.80%, maturing on July 25, 2022, which has not yet matured[15]. - The company has received financial assistance from its controlling shareholder, Shenzhen Airport Group, totaling RMB 4.438774 billion as of March 31, 2022, with interest accrued amounting to RMB 38.2932 million[19]. - The company is participating in a private equity fund with a total size of RMB 505 million, contributing RMB 200 million, focusing on smart airport and logistics industries[20]. Operational Challenges - The company reported a significant impact from the COVID-19 pandemic, leading to a substantial decline in passenger throughput and flight operations[6]. - Total operating costs increased to $1,044,995,539.60, up from $754,866,807.52, reflecting a significant rise in operating expenses[33]. - Accounts receivable decreased to $497,620,171.94 from $545,293,101.36, a decline of about 8.7%[26]. - The company recorded a credit impairment loss of ¥2,391,306.25, compared to a gain of -¥3,809,093.39 in the previous period[36]. Audit and Agreements - The company has renewed its audit engagement with Tianzhi International Accounting Firm for the 2022 fiscal year, with a total fee of RMB 790,000[23]. - The company has adjusted its logistics service agreement with Shenzhen Airport Group, with a service fee cap of RMB 21 million, including a base service fee of RMB 13 million for 2022, increasing by 5% annually thereafter[23].

Financial Performance - The company's operating revenue for 2021 was CNY 3,305,644,731.71, representing a 10.31% increase compared to CNY 2,996,744,329.58 in 2020[26]. - The net profit attributable to shareholders for 2021 was a loss of CNY 34,439,109.75, a decrease of 222.68% from a profit of CNY 28,072,432.05 in 2020[26]. - The net cash flow from operating activities increased by 97.58% to CNY 990,486,512.76 in 2021, up from CNY 501,300,412.54 in 2020[26]. - Total assets at the end of 2021 reached CNY 26,330,317,780.87, a 74.17% increase from CNY 15,117,686,664.86 at the end of 2020[26]. - The basic earnings per share for 2021 was -0.0168, a decline of 222.63% from 0.0137 in 2020[26]. - The weighted average return on net assets was -0.29% in 2021, down from 0.23% in 2020[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 75,487,488.06 in 2021, compared to a profit of CNY 11,346,888.73 in 2020, marking a decrease of 765.27%[26]. - The company's net assets attributable to shareholders at the end of 2021 were CNY 11,889,127,858.38, a slight decrease of 0.30% from CNY 11,925,087,567.09 at the end of 2020[26]. Operational Highlights - The company reported a total non-operating income of CNY 41,048,378.31 for 2021, which includes government subsidies and other non-recurring gains[33]. - The expected total passenger transport volume for 2022 is projected to reach 570 million, recovering to approximately 85% of pre-pandemic levels[42]. - The international air cargo market is anticipated to continue growing, with 2022 cargo volumes expected to exceed pre-pandemic levels[42]. - The company operates primarily in the aviation sector, providing ground handling and related services, as well as extending into logistics and value-added services[46]. - The company reported operational losses due to the ongoing impact of the COVID-19 pandemic, affecting passenger throughput and flight operations[47]. - The airport achieved a flight punctuality rate of 92.50% in 2021, ranking among the top large airports in China[54]. - The company completed nearly 100 smart projects as part of its digital transformation strategy, enhancing operational efficiency and passenger experience[60]. - The company successfully implemented a series of pandemic prevention measures, ensuring the safe operation of international flights for 50,000 inbound passengers throughout the year[61]. Infrastructure and Capacity - Shenzhen Airport has a terminal area of 451,000 square meters and a satellite hall area of nearly 240,000 square meters, capable of handling 52 million passengers annually[47]. - The airport's peak hour capacity has been approved to increase to 60 aircraft movements, enhancing its operational capabilities[50]. - As of the end of 2021, Shenzhen Airport served 133 passenger cities and 51 cargo cities, indicating a robust route network[50]. - The expansion of the satellite hall added nearly 240,000 square meters and 42 standard boarding bridges, supporting the annual passenger handling capacity[50]. - Shenzhen Airport aims to build a comprehensive transportation hub integrating air, land, sea, high-speed rail, intercity, and metro services[50]. Strategic Initiatives - The company is actively pursuing a diversified business model, attracting major logistics players like SF Express, UPS, DHL, and FedEx[50]. - The company has focused on green development initiatives, including research on carbon emission reduction and the construction of a "waste-free airport"[78]. - The company aims to continue leading the development of smart airports in China, aligning with national aviation development plans[60]. - The company plans to enhance its digital application level through projects like intelligent inspection and smart transportation[123]. - The company is committed to high-quality development and aims to achieve excellent results to reward society and shareholders[137]. Governance and Management - The company has established a management system for information disclosure, ensuring timely and accurate reporting of financial information[146]. - The company has completed the re-election of its board of directors, ensuring governance continuity and compliance with corporate governance standards[151]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations[154]. - The company has implemented a clear separation of assets from the controlling shareholder to avoid any ambiguity in asset ownership[157]. - The company is focused on maintaining a strong governance framework with regular updates to its board and management team[169]. Human Resources and Training - The total number of employees at the end of the reporting period was 4,935, with 4,427 in the parent company and 508 in major subsidiaries[195]. - The professional composition included 3,794 production personnel, 401 technical personnel, 52 financial personnel, and 688 administrative personnel[195]. - A total of 4,879 training programs were implemented, with 388,858 participants across online and offline sessions[197]. - 48,889 participants received training for satellite hall operational qualifications, with 4,802 employees obtaining certification[200]. - The company established a qualification management system for satellite hall operational personnel, enhancing training and assessment processes[200].

Financial Performance - Operating revenue for Q3 2021 was CNY 779,837,843.27, a decrease of 8.42% compared to the same period last year[4] - Net profit attributable to shareholders was CNY -78,084,514.48, a decline of 187.00% year-on-year[4] - The company reported a net profit of CNY 12,046,818.42 for the year-to-date, an increase of 119.57% year-on-year[11] - Total operating revenue for the current period reached ¥2,361,215,506.35, an increase of 10.7% from ¥2,132,307,598.41 in the previous period[56] - Operating profit for the current period was ¥1,703,437.58, a significant recovery from a loss of ¥59,630,159.45 in the previous period[56] - Net profit for the current period was ¥21,961,673.00, compared to a net loss of ¥53,237,392.12 in the previous period[56] - Basic and diluted earnings per share for the current period were both ¥0.0059, recovering from a loss of ¥0.0300 in the previous period[59] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 761,011,799.48, an increase of 72.54% compared to the same period last year[4] - Cash flow from operating activities was ¥2,363,046,031.16, an increase from ¥2,119,518,790.61 in the previous period[60] - Net cash flow from operating activities increased to ¥761,011,799.48, up from ¥441,064,376.95, representing a growth of approximately 72.6% year-over-year[63] - Cash inflow from operating activities totaled ¥2,657,377,419.97, compared to ¥2,405,572,907.41 in the previous period, indicating an increase of about 10.5%[63] - Cash outflow from operating activities decreased to ¥1,896,365,620.49 from ¥1,964,508,530.46, a reduction of approximately 3.5%[63] - Cash flow from investing activities showed a net outflow of ¥964,928,093.19, worsening from a net outflow of ¥41,651,797.07 in the previous period[63] Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,874,178,236.28, representing a 31.46% increase from the end of the previous year[6] - The company's current assets totaled CNY 2.43 billion, up from CNY 2.18 billion year-over-year, indicating an increase of about 11.3%[48] - The total liabilities reached CNY 7.93 billion, compared to CNY 3.18 billion at the end of 2020, reflecting a significant rise of approximately 149.5%[52] - Total equity attributable to shareholders reached approximately 11.93 billion, with undistributed profits at around 6.08 billion[72] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 90,394[12] - The largest shareholder, Shenzhen Airport Group Co., Ltd., held a 56.97% stake in the company[12] - The company has a total of 10 major shareholders, with the largest being Shenzhen Airport (Group) Co., Ltd. holding 1,168,295,532 shares[15] Legal and Operational Developments - The company has initiated legal proceedings regarding the AB Terminal commercial transformation project, with ongoing litigation since 2017[19] - The company is awaiting the outcome of an appeal to the Guangdong High Court regarding the AB Terminal project[19] - The company has been in discussions regarding the AB Terminal project but has not reached an agreement with the selected tenant, Zhenghong Technology[16] Investments and Financial Products - Shenzhen Airport Co., Ltd. has approved the use of up to RMB 1 billion of idle funds for purchasing principal-protected financial products, with RMB 300 million already invested in a product with an expected annualized return of 3.85%[19] - The company plans to continue using its idle funds for financial products while ensuring operational liquidity[19] - The company has established a private equity investment fund with a total scale of ¥505 million, contributing ¥200 million as a limited partner[36] Management and Governance - The company experienced changes in its board, with a resignation from a staff director due to retirement[19] - The company appointed a new management team, with Chen Fanhua elected as the chairman and Liu Feng as the general manager, ensuring a smooth transition in leadership[44] Asset Management - The company disposed of assets with a book value of ¥15,859,771.65 and an assessed value of ¥16,788,294.00, resulting in an appreciation of ¥928,522.35 and an appreciation rate of 5.85%[32] - The company plans to write off fixed assets with a total original value of ¥79,155,227.68 and a net value of ¥23,342,238.19, with an estimated impact of approximately -¥21.83 million on the 2021 annual profit and loss[41]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,581,377,663.08, representing a 23.47% increase compared to CNY 1,280,806,187.46 in the same period last year[29]. - The net profit attributable to shareholders of the listed company was CNY 90,131,332.90, a significant turnaround from a loss of CNY 151,321,351.88 in the previous year, marking a 159.56% increase[29]. - The net cash flow from operating activities reached CNY 704,934,302.16, up 273.67% from CNY 188,649,293.40 in the same period last year[29]. - Total assets at the end of the reporting period were CNY 19,288,370,192.40, an increase of 27.59% from CNY 15,117,686,664.86 at the end of the previous year[29]. - The company reported a basic earnings per share of CNY 0.0440, compared to a loss per share of CNY -0.0738 in the same period last year, reflecting a 159.62% improvement[29]. - The weighted average return on net assets was 0.75%, a recovery from -1.26% in the previous year[29]. - The total profit reached CNY 10,710 million, reflecting a significant year-on-year growth of 161.16%[63]. - Net profit attributable to the parent company was CNY 9,013 million, up 159.56% year-on-year[63]. Operational Highlights - The company operates Shenzhen Bao'an International Airport, focusing on both aviation and non-aviation businesses, with a significant recovery in passenger traffic leading to revenue growth in the aviation sector[41]. - Passenger throughput reached 18.704 million, an increase of 31.8% year-on-year, ranking third nationwide[53]. - Cargo and mail throughput was 770,000 tons, with a year-on-year growth of 25.2%, the highest growth rate among the top ten airports in the country[53]. - The total number of flight takeoffs and landings was 158,000, reflecting an 18.8% increase compared to the previous year[53]. - The aviation support and ground service business generated CNY 125,405 million in revenue, accounting for 79.30% of total revenue, with a year-on-year growth of 25.69%[64]. - The air logistics business reported revenue of CNY 14,851 million, representing 9.39% of total revenue and a year-on-year increase of 33.62%[64]. - The company coordinated the launch of 42 new domestic passenger routes, enhancing operational quality and service[62]. - The airport's peak hour capacity was increased from 55 to 60 aircraft movements, approved by the Civil Aviation Administration[58]. Strategic Initiatives - The company emphasizes digital transformation and innovation, aiming to enhance operational efficiency and customer experience through a "smart airport" initiative[44]. - The company has planned nearly 100 smart projects as part of its digital transformation initiative, aiming to create a "Shenzhen solution" for smart airport construction[52]. - The company is actively participating in the "Four Types of Airports" construction led by the Civil Aviation Administration, positioning itself as a pioneer in smart airport development[52]. - The company is committed to building a comprehensive transportation system, integrating sea, land, air, and rail services[44]. - The company aims to enhance its competitive edge by fostering a culture of innovation and implementing a market-oriented operational model[44]. - The company is focusing on a dual hub development strategy for both passenger and cargo services, establishing a diversified business system that includes general cargo, express delivery, and cross-border e-commerce[51]. Challenges and Risks - The company has identified macroeconomic risks and competition from alternative transportation methods as potential challenges[6]. - The company faces macroeconomic risks that significantly impact market demand for air cargo and passenger transport due to economic fluctuations[98]. - Competition from high-speed rail and other transportation methods poses a risk to the company's market share in the mid-range transport sector[98]. Community and Environmental Commitment - The company is committed to building a green airport and promoting ecological civilization practices[120]. - The company implemented consumption poverty alleviation measures amounting to approximately 3.2 million yuan in the first half of the year[121]. - The collective economic income of Dawang Village reached 600,000 yuan, earning the title of "National Civilized Village" in the sixth session[121]. - A total of 7,159 volunteer service hours were recorded, with 27,935 hours of service provided in the first half of the year[122]. Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[117]. - The semi-annual financial report has not been audited[129]. - The company has ongoing litigation with Shenzhen Ruihua Construction Co., Ltd. involving a claim of approximately 29 million yuan[133]. - The company has recognized a provision for expected liabilities amounting to approximately 69.2 million yuan related to a dispute with Shenzhen Zhenghong Automotive Technology Development Co., Ltd.[133]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[130]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,493, with the largest shareholder, Shenzhen Airport (Group) Co., Ltd., holding 56.97% of shares, amounting to 1,168,295,532 shares[190]. - The company reported a total share count of 2,050,769,509, with all shares being unrestricted[187]. - The top ten unrestricted ordinary shareholders include Shenzhen Airport Group Co., Ltd. with 1,168,295,532 shares, and Hong Kong Central Clearing Limited with 122,753,819 shares[196].

Financial Performance - The company's operating revenue for Q1 2021 was ¥786,537,607.31, representing a 39.76% increase compared to ¥562,780,100.90 in the same period last year[9]. - Net profit attributable to shareholders was ¥49,965,677.74, a significant turnaround from a loss of ¥121,160,148.48 in the previous year, marking a 141.24% improvement[9]. - The total net profit after deducting non-recurring gains and losses was ¥38,008,084.25, compared to a loss of ¥116,681,881.45 in the previous year, marking a 132.57% increase[9]. - Total operating revenue for the first quarter reached ¥786,537,607.31, compared to ¥562,780,100.90 in the previous period, indicating a significant increase[64]. - Operating profit for the current period was ¥70,460,132.30, a significant recovery from a loss of ¥213,737,043.01 in the previous period[74]. - Net profit for the current period was ¥91,271,933.82, compared to a net loss of ¥164,921,714.95 in the previous period[74]. - Total comprehensive income for the current period was ¥91,271,933.82, compared to a total comprehensive loss of ¥164,921,714.95 in the previous period[77]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥398,798,171.12, up 126.23% from ¥176,281,868.41 year-on-year[9]. - Cash inflow from operating activities was primarily driven by sales revenue of ¥741,803,503.49, compared to ¥668,281,752.35 in the previous period, showing a growth of 10.9%[78]. - Cash and cash equivalents at the end of the period amounted to ¥324,363,082.63, down from ¥1,902,336,703.64 in the previous period[84]. - The net increase in cash and cash equivalents for the current period was ¥52,812,134.18, down from ¥499,807,387.70 in the previous period, indicating tighter cash management[84]. - Cash outflow from investing activities totaled ¥574,200,999.61, compared to ¥386,513,054.75 in the previous period, indicating a significant increase in investment expenditures[81]. Assets and Liabilities - The total assets at the end of the reporting period were ¥19,071,236,010.21, an increase of 26.15% from ¥15,117,686,664.86 at the end of the previous year[9]. - Total liabilities amounted to ¥7,113,878,779.61, up from ¥3,635,969,930.07 in the previous period, reflecting a substantial growth in the company's obligations[62]. - The total equity attributable to shareholders rose to ¥11,803,386,798.87, compared to ¥11,712,114,865.05 in the previous period, indicating a positive trend in shareholder value[62]. - Non-current assets totaled ¥16,826,083,723.56, significantly higher than ¥12,934,125,505.74, marking an increase of approximately 30.5%[49]. - Current liabilities totaled CNY 3,175,284,345.42, while non-current liabilities reached CNY 2,986,405.82, leading to total liabilities of CNY 3,178,270,751.24[91]. Investments and Financial Management - The company has allocated RMB 100,000 million for purchasing principal-protected bank financial products, with an expected annualized return of 3.85%[24]. - The company has engaged in entrusted wealth management with an amount of ¥30,000,000, which is fully invested and has no overdue amounts[36]. - The company plans to continue using its own funds for financial investments while ensuring operational liquidity and safety[24]. - The company has fully accrued estimated liabilities based on the first-instance judgment regarding the lease dispute with Zhenghong Technology[22]. Operational Developments - The company experienced a significant recovery in passenger throughput and cargo volume as domestic COVID-19 conditions improved, contributing to the revenue growth[20]. - The company signed a lease agreement for the AB Terminal commercial transformation project with Shenzhen Zhenghong Automotive Technology Development Co., Ltd., with a total area of 1,661,480 square meters for the lease[21]. - The company signed a supplementary agreement for the entrusted management of commercial resources at T3 terminal, changing the contracting party to Shenzhen Airport City Development Co., Ltd. due to internal business adjustments[30]. Governance and Compliance - The company has appointed Tianzhi International Accounting Firm for the 2021 financial audit, with a total fee of RMB 790,000[27]. - The company has submitted a retrial application to the Supreme People's Court regarding the lease dispute case[24]. - The company is awaiting shareholder approval for various agreements and financial strategies discussed in the board meetings[26]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[30]. - There are no violations regarding external guarantees during the reporting period[37].

Financial Performance - Total revenue for 2020 was CNY 2,996,744,329.58, a decrease of 21.27% compared to CNY 3,806,556,336.27 in 2019[23] - Net profit attributable to shareholders was CNY 28,072,432.05, down 95.27% from CNY 593,716,688.73 in the previous year[23] - Net cash flow from operating activities decreased by 47.97% to CNY 501,300,412.54 from CNY 963,530,678.46 in 2019[23] - Basic earnings per share dropped to CNY 0.0137, a decline of 95.27% compared to CNY 0.2895 in 2019[23] - Total revenue for the year was 2,096,724,329.57 CNY, with a significant increase in the third and fourth quarters, reaching 851,501,410.95 CNY and 864,436,731.17 CNY respectively[28] - The net profit attributable to shareholders showed a recovery in the third and fourth quarters, with profits of 89,754,648.62 CNY and 89,639,135.31 CNY, compared to losses in the first two quarters[28] - The company achieved operating revenue of 2,996.74 million yuan, a decrease of 21.27% year-on-year; total profit was 52.77 million yuan, down 93.21%; net profit attributable to shareholders was 28.07 million yuan, down 95.27%; and basic earnings per share were 0.0137 yuan[57] Assets and Investments - Total assets increased by 7.82% to CNY 15,117,686,664.86 from CNY 14,021,814,490.16 at the end of 2019[23] - Net assets attributable to shareholders decreased by 1.14% to CNY 11,925,087,567.09 from CNY 12,062,597,294.72 in 2019[23] - The total investment during the reporting period was 2,121,099,573.40 CNY, an increase of 42.59% compared to the previous year[97] - The investment in the Shenzhen Airport Satellite Hall expansion project reached 1,897,676,007.55 CNY, with a cumulative investment of 3,749,199,979.86 CNY[99] Operational Efficiency - The net cash flow from operating activities was highest in the third quarter at 252,415,083.55 CNY, indicating improved operational efficiency[28] - The company has maintained a flight release normal rate of over 80%, ranking among the top large airports in the country[48] - The flight release normal rate reached 92.19%, maintaining above 80% for 28 consecutive months, setting a historical record[63] - The company has established a strong corporate culture focused on safety, system, and care, enhancing employee engagement and promoting a collaborative development model[52] Strategic Initiatives - The company is focusing on the construction of a "future airport" and has invested 1,971,246,588.92 CNY in ongoing projects, including terminal upgrades[40] - The company aims to leverage its unique geographical advantages in the Greater Bay Area to enhance its logistics and transportation network[41] - The company is actively pursuing digital transformation and innovation, aiming to establish a "smart airport" to improve operational efficiency[44] - The company has planned nearly 100 smart projects as part of its digital transformation, utilizing new ICT technologies such as artificial intelligence, big data, and 5G to enhance operational efficiency and passenger experience[48] Market Challenges - The company faces risks from macroeconomic factors and competition from alternative transportation methods[5] - The impact of COVID-19 led to a significant decrease in passenger throughput and flight operations, affecting overall revenue and profit margins[36] - The report indicates that the company’s ability to continue as a going concern is uncertain due to negative net profits in recent years[23] Future Outlook - The company aims to achieve 370,000 flight takeoffs and landings in 2021, restoring to 2019 levels, and a passenger throughput of 48 million, which is over 90% of 2019 levels[124] - The cargo and mail throughput target for 2021 is set at 148,000 tons[124] - The company is focused on restoring or expanding over 5 international passenger routes as conditions allow[2] - The company is working to enhance international air cargo capabilities and optimize the import-export ratio of international cargo[2] Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares[6] - The proposed profit distribution plan for 2020 includes no cash dividends, no bonus shares, and no capital reserve conversion into shares[146] - The company is committed to a cash dividend policy, distributing at least 30% of the average annual distributable profit over the last three years in cash[143] - The company will not distribute cash dividends if the earnings per share are below 0.1 yuan or if the audit report is not unqualified[143] Corporate Governance - The company has established a comprehensive supervision system to enhance corporate governance and operational efficiency[123] - The company has engaged Tianzhi International Accounting Firm for internal control audit services, with a total fee of RMB 100,000[165] - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[160] Legal Matters - The company is involved in a lawsuit with Shenzhen Ruihua Construction Co., Ltd. regarding a contract worth approximately ¥417.65 million, claiming damages of ¥29.00 million[170] - The company has recognized a debt claim of ¥17.36 million against Ruihua Construction, which has entered bankruptcy proceedings[170] - The company has incurred a total of ¥69.20 million in compensation costs related to a lease contract dispute with Zhenghong Technology[173]

Financial Performance - Net profit attributable to shareholders was ¥89,754,648.62, representing a decrease of 47.89% year-on-year[9]. - Operating revenue for the period was ¥851,501,410.95, down 10.61% compared to the same period last year[9]. - Basic earnings per share were ¥0.0438, a decrease of 47.86% year-on-year[9]. - The weighted average return on net assets was 0.76%, down 0.68 percentage points from the previous year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥91,903,681.74, down 45.98% year-on-year[9]. - The company reported a decrease in cash and cash equivalents to CNY 1.69 billion, down from CNY 2.58 billion in the previous year[57]. - The company reported a net profit for the current period of approximately CNY 396 million, compared to CNY 109 million in the previous period, reflecting an increase of 263.5%[85]. - The net profit for the current period is ¥137,615,268.14, down 55.8% from ¥311,270,181.29 in the same period last year[100]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥441,064,376.95, reflecting a decline of 47.49%[9]. - Cash and cash equivalents decreased by 34.66% to ¥1,687,402,199.74 due to reduced cash inflows from the pandemic and increased cash outflows for construction investments[21]. - The cash flow from operating activities is ¥441,064,376.95, a decline of 47.5% compared to ¥839,975,676.31 in the previous period[103]. - The ending balance of cash and cash equivalents was approximately $1.68 billion, up from $648.04 million previously[110]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥14,040,718,737.11, a slight increase of 0.13% compared to the previous year[9]. - Current liabilities increased to CNY 2.12 billion, up 13.3% from CNY 1.87 billion in the previous year[63]. - The total liabilities amounted to CNY 2.19 billion, an increase of 12.9% from CNY 1.94 billion in the previous year[63]. - Non-current assets totaled CNY 11.65 billion, an increase of 7.5% from CNY 10.84 billion in the previous year[60]. Shareholder Information - The total number of shareholders at the end of the reporting period was 92,382[14]. - The largest shareholder, Shenzhen Airport Group Co., Ltd., held 56.97% of the shares[14]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[18]. Investments and Projects - Construction in progress increased by 44.16% to ¥3,029,408,345.87, reflecting ongoing investments in satellite hall projects[21]. - The company approved an investment of RMB 33,050,600 for the renovation of the ITC-C building to improve staff accommodation conditions[37]. - The company’s controlling shareholder plans to provide financial assistance of up to RMB 1.85 billion for the satellite hall project, with a borrowing rate of 3.34%[37]. - The airport group plans to provide financial support of up to RMB 31.5 billion for the satellite hall project, with a borrowing rate based on the local government bond rate of 3.66%[38]. Tax and Expenses - The company reported a 30.82% decrease in taxes and surcharges to ¥41,612,066.28, attributed to policy exemptions for property tax and urban land use tax[21]. - Tax expenses for the current period are CNY 23,965,575.68, down from CNY 49,975,712.14 in the previous period[78]. - The company’s management expenses increased to approximately CNY 30.55 million from CNY 26.19 million in the previous period, reflecting a rise of 11.3%[85]. Management and Governance - The company is undergoing changes in its board of directors and senior management, with several resignations due to work commitments[29]. - The company appointed Lin Xiaolong as the chairman of the board and elected new board members during the meetings held on February 27, March 17, and March 21, 2020[30]. Accounting and Auditing - The company has adopted new accounting policies effective from January 1, 2019, impacting the presentation of financial statements[32]. - The company has engaged Tianzhi International Accounting Firm for the 2020 financial audit at a cost of RMB 790,000[37]. - The third quarter report was not audited[114].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,280,806,187.46, a decrease of 31.03% compared to CNY 1,857,178,331.18 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was a loss of CNY 151,321,351.88, down 149.16% from a profit of CNY 307,789,768.91 in the previous year[24]. - The net cash flow from operating activities was CNY 188,649,293.40, a decline of 59.43% compared to CNY 464,944,042.04 in the same period last year[24]. - Basic earnings per share were -CNY 0.0738, a decrease of 149.17% from CNY 0.1501 in the previous year[24]. - The company reported a net loss attributable to shareholders of CNY -15,132.14 million, a decrease of 149.16% year-on-year[63]. - Operating profit from the aviation support and ground service business was CNY -32,875.77 million, a decrease of 203.60% year-on-year[63]. - The company achieved profitability in May and June 2020 as flight volumes gradually recovered[52]. Assets and Investments - Total assets at the end of the reporting period were CNY 13,930,672,610.56, a decrease of 0.65% from CNY 14,021,814,490.16 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were CNY 11,746,430,530.28, down 2.62% from CNY 12,062,597,294.72 at the end of the previous year[24]. - The company's cash and cash equivalents decreased to ¥1,938,238,668.97, accounting for 13.91% of total assets, down from 18.42% in the previous year, a decrease of 4.51% due to reduced cash inflows from the pandemic and increased cash outflows from construction investments[72]. - The total investment during the reporting period was ¥512,578,017.06, representing a 43.85% increase compared to ¥356,315,963.70 in the same period last year[76]. - The company's fixed assets amounted to ¥7,262,046,817.24, representing 52.13% of total assets, a slight decrease of 0.55% from the previous year[72]. - The company's construction in progress increased to ¥2,662,771,917.75, accounting for 19.11% of total assets, up from 14.99% in the previous year, an increase of 4.12% due to investments in satellite hall construction[72]. Operational Challenges - During the reporting period, the company experienced a significant decline in passenger throughput and flight operations due to the COVID-19 pandemic, leading to a substantial decrease in revenue and a reduction in gross margin[36]. - The company anticipates a significant impact on air passenger and cargo transport demand due to the COVID-19 pandemic, affecting operational performance[95]. - The company faces risks including macroeconomic risks and competition from alternative transportation methods such as high-speed rail[7]. - The company faces risks from macroeconomic fluctuations, competition from high-speed rail, and potential safety management challenges as passenger and cargo volumes increase[94]. Strategic Initiatives - The company aims to enhance its position as an international aviation hub, leveraging the strategic opportunities presented by the Guangdong-Hong Kong-Macao Greater Bay Area and the "Belt and Road" initiative[40]. - The company has initiated a comprehensive digital transformation, partnering with Huawei to implement nearly 100 smart projects, enhancing operational efficiency and passenger experience[45]. - The company is actively pursuing market expansion and innovation, aiming to build a comprehensive transportation network that integrates air, land, and sea[41]. - The company is committed to improving service quality by adopting international standards and implementing innovative service projects, such as differentiated security checks and personalized service channels[44]. - The company is actively pursuing strategic cooperation with the bus group to enhance integrated transportation services and expand its market presence[60]. Subsidiary Performance - Shenzhen Airport's subsidiary, Shenzhen Airport Advertising Co., achieved operating revenue of CNY 155.78 million, with a net profit of CNY 112.41 million, despite a 0.74% year-on-year decline in revenue[91]. - Shenzhen Airport International Cargo Station reported a 49.57% year-on-year increase in operating revenue to CNY 130.24 million, with a net profit of CNY 37.58 million, driven by the surge in demand for epidemic prevention materials[91]. - Shenzhen Airport's subsidiary, Shenzhen Airport Modern Logistics Co., generated operating revenue of CNY 45.84 million, with a net profit of CNY 2.72 million[90]. Corporate Governance and Compliance - The company has not undergone any bankruptcy restructuring during the reporting period[111]. - The company has a litigation case against Shenzhen Ruihua Construction Co., Ltd. with a claim amount of CNY 29,002,683.36, and the court has confirmed a debt claim of CNY 17,362,900[112]. - The company has submitted an appeal to the Guangdong High People's Court regarding the unfavorable ruling in the Zhenghong Technology case[114]. - The company has not engaged in any illegal guarantee activities during the reporting period, with a balance of illegal guarantees at 0 yuan[172]. Social Responsibility - The company has invested a total of 191 million yuan in poverty alleviation efforts, with 158 impoverished individuals successfully lifted out of poverty[156]. - During the pandemic, the company donated 7,000 yuan to individual impoverished households to ensure their income stability despite work stoppages[155]. - The company has implemented rent exemptions for tenants in its properties, amounting to an estimated 80 million yuan, to alleviate financial pressure during the pandemic[160]. - The company aims to reduce the poverty incidence in targeted villages to below 2% and increase per capita disposable income to at least 60% of the provincial average[159]. Related Party Transactions - The total amount of related party transactions for the reporting period was 52,086.42 million CNY, with the approved transaction limit being 111,315 million CNY[125]. - The company engaged in various related party transactions with Shenzhen Airport Group, including procurement and service fees totaling 13,262.38 million CNY for utilities and management services, accounting for 9.82% of similar transaction amounts[122]. - The company has not exceeded the approved transaction limits in any of the reported related party transactions[122]. - All related party transactions were conducted based on market pricing principles[122].

Financial Performance - The company's operating revenue for Q1 2020 was ¥562,780,100.90, a decrease of 38.44% compared to ¥914,127,359.15 in the same period last year[9] - The net profit attributable to shareholders was -¥121,160,148.48, representing a decline of 170.05% from ¥172,959,589.35 year-on-year[9] - Basic and diluted earnings per share were both -¥0.0591, a decrease of 170.11% compared to ¥0.0843 in the same period last year[9] - The net profit for the current period is a loss of CNY 118,606,153.14, compared to a profit of CNY 175,611,762.94 in the previous period[71] - The total comprehensive income for the first quarter was -164,921,714.95 CNY, compared to 122,712,411.69 CNY in the previous year[81] Cash Flow - The net cash flow from operating activities increased significantly to ¥176,281,868.41, up 451.84% from ¥31,944,452.62 in the previous year[9] - Cash inflow from operating activities totaled 762,950,710.90 CNY, a decrease from 837,186,104.97 CNY year-over-year[79] - Cash outflow from operating activities was 586,668,842.49 CNY, down from 805,241,652.35 CNY in the previous year[82] - Net cash flow from operating activities was 176,281,868.41 CNY, significantly improved from 31,944,452.62 CNY in the same period last year[82] - Cash inflow from investment activities reached 710,038,574.04 CNY, compared to 13,500,263.30 CNY in the previous year[86] - Cash outflow from investment activities was 386,513,054.75 CNY, up from 119,737,843.89 CNY year-over-year[86] - Net cash flow from investment activities was 323,525,519.29 CNY, a recovery from -106,237,580.59 CNY in the previous year[86] - The net increase in cash and cash equivalents was 499,807,387.70 CNY, compared to a decrease of 74,293,127.99 CNY in the same period last year[85] - The ending balance of cash and cash equivalents was 1,902,336,703.64 CNY, up from 781,578,082.92 CNY year-over-year[85] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,979,090,118.30, a slight decrease of 0.30% from ¥14,021,814,490.16 at the end of the previous year[9] - The net assets attributable to shareholders decreased by 1.01% to ¥11,941,044,137.11 from ¥12,062,597,294.72 at the end of the previous year[9] - Total liabilities increased to CNY 2,019,063,502.53 from CNY 1,942,788,712.12, an increase of about 3.9%[52] - The company's total equity decreased to CNY 11,960,026,615.77 from CNY 12,079,025,778.04, a decline of approximately 1.0%[55] - Accounts receivable at the end of the period amounted to CNY 520,826,003.12, up from CNY 382,795,932.26 at the beginning of the period[29] - Accounts payable at the end of the period amounted to CNY 17,560,502.53, down from CNY 19,281,058.96 at the beginning of the period[29] Operational Challenges - In Q1 2020, the company's operating revenue and total profit significantly decreased due to a sharp decline in passenger throughput, flight operations, and cargo volume caused by the pandemic[22] - The company implemented rent reductions for tenants from February 1 to March 31, 2020, totaling approximately 80 million yuan, including 75 million yuan in rent and 5 million yuan in management fees[25] - The company has initiated measures to support tenants during the pandemic, including rent and management fee exemptions for a total area of 165,000 square meters[25] - The company is facing a legal dispute regarding the AB Terminal commercial transformation project, with a lawsuit filed in March 2017 and an appeal submitted in June 2019[25] Corporate Governance - The total number of ordinary shareholders at the end of the reporting period was 88,173, with the largest shareholder holding 56.97%[13] - The company appointed new board members and management personnel during the reporting period, including the election of Lin Xiaolong as the new chairman[26] - The company has adopted new accounting policies effective from January 1, 2019, following the Ministry of Finance's revised financial reporting format[28] Investment and Financial Management - The company has appointed Tianzhi International Accounting Firm for the 2020 financial audit with a total fee of CNY 790,000[34] - The company has not engaged in any securities investments during the reporting period[35] - There were no instances of non-compliance with external guarantees during the reporting period[41] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[42]

Financial Performance - The company's operating revenue for 2019 was CNY 3,806,556,336.27, an increase of 5.76% compared to CNY 3,599,235,357.66 in 2018[23] - The net profit attributable to shareholders for 2019 was CNY 593,716,688.73, a decrease of 11.12% from CNY 668,007,718.91 in 2018[23] - The net cash flow from operating activities was CNY 963,530,678.46, down 8.64% from CNY 1,054,634,660.03 in the previous year[23] - Basic earnings per share for 2019 were CNY 0.2895, reflecting an 11.11% decline from CNY 0.3257 in 2018[23] - Total assets at the end of 2019 amounted to CNY 14,021,814,490.16, representing a 4.22% increase from CNY 13,453,440,336.45 at the end of 2018[23] - The net assets attributable to shareholders at the end of 2019 were CNY 12,062,597,294.72, up 3.65% from CNY 11,637,723,492.30 in 2018[23] - Total profit amounted to 777.09 million yuan, a decrease of 11.32% compared to the previous year[53] - The average return on equity was 5.02%, with basic earnings per share at 0.2895 yuan[53] - The weighted average return on net assets for 2019 was 5.02%, down from 5.87% in 2018[23] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.8 per 10 shares, totaling CNY 164,061,596.72 based on 2,050,769,509 shares[7] - The proposed cash dividend for 2019 is ¥0.80 per 10 shares, totaling ¥164,061,560.72 to be distributed to shareholders[143] - The cash dividend payout ratio for 2019 is 27.63% of the net profit attributable to ordinary shareholders[147] - The company has a policy of distributing at least 30% of the average distributable profit over the last three years in cash dividends[140] - The total number of shares for the dividend distribution is 2,050,769,509[148] Operational Highlights - The company is focused on enhancing its position as an international aviation hub, leveraging its unique geographical advantages in the Greater Bay Area[40] - The airport's design capacity is set to handle an annual passenger throughput of 45 million, supporting its growth ambitions[37] - In 2019, Shenzhen Airport completed 370,000 flight takeoffs and landings, a year-on-year increase of 4.0%[53] - Passenger throughput exceeded 50 million, reaching 52.932 million, with a year-on-year growth of 7.3%, ranking second among the top 30 airports globally[53] - Cargo and mail throughput reached 1.283 million tons, growing by 5.3% despite a national decline in air cargo growth[53] Strategic Initiatives - The company aims to accelerate the development of a comprehensive transportation system integrating air, land, and sea, enhancing its operational efficiency[40] - Strategic partnerships with leading internet companies are being pursued to advance the "smart airport" initiative and digital transformation[41] - The company is committed to a professional management system, focusing on safety, service quality, and social benefits[41] - The company is actively pursuing a three-year plan for outsourcing non-core business operations to enhance management efficiency[71] - The company is focused on expanding international routes, targeting the introduction of at least 5 new international routes and aiming for over 6 million international passengers[125] Risk Management - The company faces macroeconomic risks and competition from alternative transportation methods, which may impact future performance[7] - The company anticipates risks from macroeconomic fluctuations that could impact air cargo and passenger demand, emphasizing the need for strategic adjustments[114] - Competition from high-speed rail and improved road transport efficiency poses a risk to the company's market share in the mid-range transport sector[114] - The company is committed to enhancing safety management capabilities to mitigate risks associated with increased passenger and cargo volumes[114] Digital Transformation - The company has planned nearly 100 smart projects as part of its digital transformation initiative[45] - The company is focusing on digital transformation, including the implementation of smart services such as facial recognition for boarding and baggage tracking[124] - The company is enhancing its cross-border e-commerce capabilities to facilitate direct imports and bonded imports[127] Legal and Compliance - The company is involved in a lawsuit with Shenzhen Ruihua Construction Co., Ltd., claiming a total of 29,002,683.36 yuan due to contract non-fulfillment[177] - The company has filed a lawsuit against Shenzhen Zhenghong Automotive Technology Development Co., Ltd. for a dispute over a lease contract, with a claim amount of 99.4043 million yuan, which has been accepted by the court[180] - The court has ruled against the company in the first instance, requiring it to pay 69.197 million yuan in damages to Zhenghong Technology and bear litigation costs totaling 1.657 million yuan[180] - The company has fully accrued the estimated liabilities based on the court's first-instance judgment[180] - The company plans to appeal the first-instance judgment to the Guangdong High People's Court[180] Related Party Transactions - The company engaged in related party transactions with its controlling shareholder, Shenzhen Airport Group, totaling 20.258 million yuan for utility fees[185] - The company also provided transportation services to Shenzhen Airport Group, amounting to 539.97 thousand yuan[185] - The total amount of related party transactions with Shenzhen Airport Group for leasing was 21.493 million yuan[185] - The company has not exceeded the approved transaction limits for related party transactions[185] Future Outlook - In 2020, the company aims to achieve 385,000 flight takeoffs, a passenger throughput of 56.5 million, and a cargo throughput target of 135,000 tons[121] - The company is committed to high-quality completion of its "14th Five-Year Plan" and strategic development of its aviation business[128] - The company is focused on maintaining and expanding its market presence, including providing rental fee reductions to clients during the pandemic[131]