Financial Performance - For the six months ended June 30, 2021, the Group's total revenue was RMB 893,983,277, representing an increase of 46.92% compared to the same period in 2020[17]. - Net profit attributable to shareholders for the same period was RMB 345,356,411, reflecting a significant increase of 333.83% year-on-year[17]. - Earnings per share for the first half of 2021 was RMB 0.73, compared to RMB 0.17 in the corresponding period of 2020, marking a growth of 329.41%[17]. - Revenue from aviation business for the six months ended June 30, 2021, was RMB 284,923,818, reflecting a 51.54% increase from the corresponding period of 2020[68]. - Non-aviation business revenue for the same period was RMB 609,059,459, representing a 44.85% increase compared to the previous year[70]. - The total profit for the six months was RMB 411,509,314, compared to RMB 113,408,214 in the same period last year, indicating a growth of approximately 263%[183]. - Total comprehensive income for the six months was RMB 349,475,325, up from RMB 86,875,498 in 2020, marking an increase of around 302%[184]. Cash Flow and Liquidity - The Group's net cash inflow from operating activities for the first half of 2021 was RMB 406,313,421, representing a year-on-year increase of 37.96% due to significant growth in the aviation business[97]. - Cash inflows from operating activities for the six months ended June 30, 2021, totaled RMB 1,039,764,962, a significant increase from RMB 730,717,400 in the same period of 2020, representing an increase of approximately 42.3%[187]. - Cash and cash equivalents at the end of the period stood at RMB 516,525,634, down from RMB 731,734,186 at the end of June 2020, showing a decrease of about 29.4%[188]. - The net cash outflow for financing activities was RMB 59,087,892, reflecting a year-on-year increase of 12.89% mainly due to the repayment of matured debts[101]. - The Group's cash and cash equivalents were approximately RMB 516,525,634 as of June 30, 2021[93]. Assets and Liabilities - Total assets as of June 30, 2021, were RMB 11,433,122,000, up by 3.21% from RMB 11,077,488,000 at the end of 2020[16]. - Total liabilities stood at RMB 7,273,129,000, showing a slight increase of 0.08% from RMB 7,266,970,000[16]. - The Group's total borrowings amounted to approximately RMB 2,399,059,620 as of June 30, 2021, with a gearing ratio (net liabilities/total capital) of 31.15%[93]. - The Group's total equity attributable to shareholders increased to RMB 4,113,812,229 as of June 30, 2021, up from RMB 3,768,455,818 at the end of 2020, reflecting a growth of 9.1%[180]. Operational Highlights - The civil aviation industry in China saw a recovery with a 66.4% increase in passenger numbers year-on-year, reaching 245 million passengers[18]. - The air traffic control system guaranteed 4.33 million flights, a year-on-year increase of 48.86%, returning to pre-epidemic levels[25]. - The number of aircraft takeoffs and landings increased by 47.43% to 74,940 flights compared to 50,830 flights in the first half of 2020[67]. - In the first half of 2021, Meilan Airport operated a total of 209 originating routes, including 200 domestic routes, representing a year-on-year increase of 24 routes[63]. Tourism and Economic Impact - The total number of domestic and foreign tourists received in Hainan Province was 43.211 million, representing a year-on-year increase of 119.70%[28]. - The total revenue from tourism in Hainan Province was approximately RMB 81.978 billion, reflecting a year-on-year increase of 260.10%[28]. - Hainan Province plans to invest over RMB 220 billion in transportation infrastructure, significantly improving the competitiveness of its gateway hub[40]. Safety and Compliance - In the first half of 2021, the company reported zero bird strikes recognized by the CAAC, representing a year-on-year decrease of 100%[132]. - There were no unsafe incidents, including aircraft scratching or illegal runway intrusions, at Meilan Airport in the first half of 2021[133]. - The company has implemented a special monitoring plan for bird control as part of its major safety risk management strategy[132]. Corporate Governance - The company has complied with all rules set by the China Securities Regulatory Commission and the Hong Kong Stock Exchange, ensuring adherence to corporate governance standards[174]. - The company aims to enhance transparency to shareholders and improve corporate governance practices[174]. - The term of office for certain directors has expired, and the company is in the process of re-election, ensuring compliance with governance codes[174].
美兰空港(00357) - 2021 - 中期财报