SIA(SH:600009)2017-03-17 16:00Financial Performance - In 2016, the company's operating revenue reached ¥6,951,474,481.18, representing a 10.60% increase compared to ¥6,285,400,290.32 in 2015[21] - The net profit attributable to shareholders was ¥2,805,097,311.61, up 12.66% from ¥2,489,781,439.65 in the previous year[21] - The basic earnings per share for 2016 was ¥1.46, an increase of 11.45% from ¥1.31 in 2015[22] - The company's operating revenue for 2016 was 6.95 billion RMB, up 10.60% from the previous year[49] - Net profit attributable to shareholders was 2.81 billion RMB, marking a 10.83% increase year-on-year[43] - The company reported a total equity of ¥20,697,709,732.13, reflecting changes in comprehensive income and profit distribution[183] - The comprehensive income for the period amounts to CNY 2,846,585,075.89, contributing significantly to the increase in total equity[191] Assets and Liabilities - The total assets of the company at the end of 2016 were ¥26,943,645,294.32, a 5.09% increase from ¥25,639,413,845.07 in 2015[21] - The total liabilities decreased to CNY 4,319,493,266.00 from CNY 4,941,704,112.94, showing a reduction of about 12.6%[163] - The total current assets decreased to CNY 11,224,288,649.47 from CNY 11,633,598,819.60, reflecting a decline of about 3.5%[162] - The company's total non-current assets increased to CNY 15,719,356,644.85 from CNY 14,005,815,025.47, indicating a growth of approximately 12.2%[162] Cash Flow - The cash flow from operating activities was ¥2,574,784,693.56, which decreased by 19.72% compared to ¥3,207,366,712.88 in 2015[21] - The net cash flow from operating activities in Q4 2016 was approximately ¥1.33 billion, a significant increase compared to the negative cash flow of approximately -¥63 million in Q1[25] - Operating cash inflow totaled ¥7,489,037,454.66, an increase of 11.9% from ¥6,692,665,112.62 in the previous period[176] - Cash outflow from investing activities was ¥2,583,519,353.74, up from ¥1,413,357,184.22 in the previous period, indicating a significant increase in investment[176] Operational Highlights - The company’s T1 terminal renovation was completed in 2016, resulting in a 26% year-on-year increase in transfer passenger volume[34] - The company is progressing with the Phase III expansion project at Pudong Airport, which aims to accommodate an annual passenger throughput of 80 million by 2025[34] - In 2016, Pudong Airport maintained its position as the second busiest airport in China, with international and regional passenger volume leading the nation[36] - The company added new international routes, including San Jose, and enhanced services to Vienna, Prague, Madrid, and Amsterdam, strengthening its long-haul market presence[36] Shareholder Information - The company proposed a cash dividend of ¥4.4 per 10 shares, totaling ¥847,861,717.12, which accounts for 30.22% of the net profit attributable to shareholders[5] - The largest shareholder, Shanghai Airport (Group) Co., Ltd., holds 1,026,177,895 shares, representing 53.25% of the total shares[109] - The total number of ordinary shareholders increased from 44,921 to 48,114 during the reporting period[106] Risk Management - The company has outlined potential risks in its future development plans, which investors should be aware of[7] - The company faces risks from macroeconomic conditions, industry policies, and competition from alternative transportation modes, which could impact future performance[75] Corporate Governance - The company has appointed Lixin Accounting Firm as the financial audit institution for the 2016 fiscal year, with an audit fee of 900,000 RMB[86] - The company has a complete governance structure that aligns with the regulations set by the China Securities Regulatory Commission[139] - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings during the reporting period[141] Social Responsibility - The company emphasized the importance of social responsibility and sustainable development in its operations[100] - The company actively engaged in poverty alleviation by coordinating resources and conducting targeted assistance activities[95] - The company donated RMB 50,000 for new rural infrastructure construction and RMB 10,000 for impoverished disabled families during the reporting period[95] Future Outlook - The company anticipates stable growth in business travelers due to Shanghai's development as an international metropolis, with expectations to enter the top three global city airport groups by 2020[71] - In 2017, the company expects to achieve 492,000 aircraft takeoffs and landings and a passenger throughput of 69.7 million, reflecting a positive growth outlook despite complex external conditions[73]