BEIJING AIRPORT(00694)2024-08-28 11:10Financial 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]