Airport Corp(SH:600463)2015-01-30 16:00Financial Performance - In 2014, the company achieved a net profit attributable to shareholders of RMB 42,543,352.33, a decrease of 43.57% compared to RMB 75,389,550.85 in 2013[2]. - The company's operating revenue for 2014 was RMB 758,068,046.44, down 17.44% from RMB 918,201,499.75 in 2013[25]. - Basic earnings per share for 2014 were RMB 0.17, down 43.57% from RMB 0.30 in 2013[26]. - The weighted average return on equity decreased to 5.40% in 2014 from 9.97% in 2013, a decline of 4.57 percentage points[26]. - The total profit amounted to CNY 61.98 million, down 40.17% compared to the previous year[31]. - The net profit attributable to shareholders was CNY 42.54 million, reflecting a decline of 43.57% year-on-year[31]. - The company reported a significant change in profit composition, with no income from the park development segment during the reporting period[47]. - The total profit for the year 2014 was CNY 7,649,261.97, a significant decrease compared to CNY 48,926,882.94 in the previous year, indicating a decline of approximately 84.4%[160]. - The net profit for 2014 was CNY 5,711,908.84, down from CNY 36,605,146.09 in the previous year, representing a decrease of about 84.4%[160]. Cash Flow and Financial Position - The net cash flow from operating activities was negative RMB 90,923,602.39, an improvement of 59.33% compared to negative RMB 223,554,035.53 in 2013[25]. - The net cash flow from investing activities was CNY -56.21 million, a 64.57% improvement year-on-year[36]. - The net cash flow from financing activities decreased by 55.99% to CNY 114.06 million[36]. - The total cash and cash equivalents at the end of 2014 were CNY 416,745,400.92, a decrease from CNY 449,812,561.45 at the end of the previous year[164]. - The company received CNY 773,622,160.00 in borrowings during the year, an increase from CNY 635,500,000.00 in the previous year[163]. - The company paid CNY 835,600,000.00 in debt repayments, significantly higher than CNY 315,000,000.00 in the previous year[163]. - The total cash flow from financing activities was -53,480,491.23 RMB, a decrease from 17,344,292.68 RMB in the previous year, indicating a negative shift in financing cash flow[167]. - The total assets at the end of 2014 were RMB 2,771,490,767.18, an increase of 4.98% from RMB 2,639,993,990.58 at the end of 2013[25]. - The company's total liabilities increased to CNY 1,922,686,501.91 from CNY 1,811,685,177.04, indicating a rise of about 6.1%[149]. Shareholder Information - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 25,200,000.00[2]. - The total number of shareholders at the end of the reporting period is 13,308[99]. - The largest shareholder, Beijing Tianzhu Airport Industrial Development Company, holds 146,781,790 shares, representing 58.25% of total shares[101]. - The total number of shares held by the top ten shareholders is 152,000,000, which constitutes a significant portion of the company's equity[101]. Operational Strategies and Developments - The company is actively promoting park development and construction, with significant land acquisition and project initiation efforts ongoing[32]. - The company aims to enhance its competitive edge in the air transport real estate sector by optimizing its business structure and increasing the development of high-value-added properties[56]. - The company plans to leverage the rapid development of the capital airport economy and the establishment of the Beijing Airport Economic Core Area to optimize its park development model and innovate product design[66]. - The company is focusing on land development and resource integration, with plans to accelerate the development of key industrial bases covering approximately 536.9 acres[70]. - The company is expanding its industrial real estate development market and enhancing marketing efforts to boost sales and project promotion[70]. Governance and Compliance - The company governance structure has been improved in 2014, ensuring compliance with laws and regulations, and enhancing internal management[124]. - The board of directors and supervisory board operate independently, ensuring that the interests of shareholders are prioritized[125]. - The company has established a system for managing insider information, ensuring compliance during the preparation of periodic reports[126]. - The company maintained effective internal controls, with no significant deficiencies reported during the year[137]. - The internal control audit for the year ended December 31, 2014, confirmed the effectiveness of financial reporting controls[138]. Employee and Management Information - The total number of employees in the parent company is 210, while the main subsidiaries have 499 employees, resulting in a total of 709 employees[117]. - The remuneration policy is based on job positions and considers factors such as education, work experience, and tenure, with adjustments made according to macroeconomic policies and market conditions[118]. - The company has implemented a training plan that is diverse and flexible, catering to the varying needs of employees[119]. Future Outlook - The company has set a future outlook with a revenue target of 1.5 billion yuan for the next fiscal year, indicating a projected growth of 25%[110]. - Future outlook remains cautious due to the negative cash flow from financing activities and the decrease in cash reserves, which may impact operational flexibility[167].