BEIJING AIRPORT(00694)2024-04-29 12:10Financial 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]