Airport Corp(SH:600463)2016-03-25 16:00Financial Performance - In 2015, the company achieved a net profit attributable to shareholders of RMB 22,725,789.51, a decrease of 46.58% compared to RMB 42,543,352.33 in 2014[2]. - The company's operating revenue for 2015 was RMB 637,732,301.02, down 15.87% from RMB 758,068,046.44 in 2014[18]. - The net profit after deducting non-recurring gains and losses was RMB 12,931,943.05, a decline of 67.62% from RMB 39,940,126.51 in the previous year[18]. - Basic earnings per share decreased by 46.58% to CNY 0.09 compared to CNY 0.17 in the previous year[20]. - Diluted earnings per share also decreased by 46.58% to CNY 0.09 from CNY 0.17 year-on-year[20]. - The total profit amounted to RMB 40.59 million, down 34.52% compared to the previous year[44]. - Net profit attributable to shareholders was RMB 22.73 million, reflecting a decline of 46.58% year-on-year[44]. - The company reported a significant reduction in sales expenses, which decreased to ¥9,221,715.55 from ¥10,933,552.62, a drop of 15.7%[185]. - The total comprehensive income for the year was -1,510,630.13 yuan, compared to 5,711,908.84 yuan in the previous year, highlighting a significant downturn[189]. Assets and Liabilities - The company's total assets increased by 33.05% to RMB 3,687,337,864.74 at the end of 2015, compared to RMB 2,771,490,767.18 at the end of 2014[19]. - The total assets at the beginning of the reporting period were approximately CNY 2.77 billion, while at the end, they increased to approximately CNY 3.69 billion, reflecting a growth of about 33.1%[116]. - Total liabilities rose to CNY 2,240,722,924.76 from CNY 1,922,686,501.91, indicating an increase of about 16.5%[179]. - The company's equity attributable to shareholders rose to CNY 1,384,061,238.04 from CNY 798,783,448.53, indicating an increase of about 73.2%[180]. - The total owner's equity reached CNY 1,446,614,939.98, up from CNY 848,804,265.27, representing a growth of approximately 70.6%[180]. Cash Flow - The company reported a net cash flow from operating activities of RMB -27,535,070.54, an improvement of 69.72% compared to RMB -90,923,602.39 in 2014[19]. - The company reported a significant increase in cash from financing activities, totaling 656,172,424.25 RMB, up 575.26% year-on-year, attributed to increased investment cash inflows[53]. - The net cash flow from financing activities was $799,449,692.30, a significant improvement compared to a net outflow of $53,480,491.23 in the previous year[194]. - Cash and cash equivalents at the end of the year increased to 1,158,687,486.18 yuan from 416,745,400.92 yuan, showing a substantial increase[192]. Shareholder Information - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling RMB 15,000,000.00[2]. - The company has implemented a cash dividend policy, distributing a total of 25,200,000.00 RMB in cash dividends for the 2014 fiscal year, which is 1.00 RMB per 10 shares[79]. - For the 2015 fiscal year, the company plans to distribute 15,000,000.00 RMB in cash dividends, which is 0.50 RMB per 10 shares, representing 66.00% of the net profit attributable to shareholders[80]. - The largest shareholder, Beijing Tianzhu Airport Economic Development Company, holds 49.32% of the shares, totaling 147,946,207 shares[121]. Business Operations - The company operates in the industrial park sector, which has faced challenges such as severe competition and lack of clear industrial direction[32]. - The company is actively optimizing its business structure, focusing on land development, industrial real estate, construction engineering, and property leasing and management[37]. - The company aims to enhance its competitive advantage in the air transport real estate sector through strategic adjustments and increased investment in high-value-added industries[39]. - The company’s industrial real estate development focuses on high-tech research and development facilities, integrating investment, development, and management[30]. Risks and Compliance - The company faces risks related to policy changes affecting industrial land use and cyclical fluctuations in the real estate market[5]. - The company recognizes risks related to macroeconomic conditions and policy changes that could impact land supply and funding availability[77]. - The company has not violated any regulations related to land use and real estate market control from January 1, 2012, to the date of the commitment letter issued in 2015[82]. - The company has committed to not engaging in illegal activities such as land hoarding or price manipulation, ensuring no administrative penalties or investigations are pending[82]. Management and Governance - The company has maintained a consistent management structure since its inception, with key personnel holding their positions since 2011[141]. - The board of directors and supervisory board are composed in accordance with legal requirements, ensuring effective governance and oversight[152]. - The company emphasizes the importance of information disclosure, ensuring that all shareholders have equal access to information[153]. - The audit committee and nomination committee performed their duties without any legal or regulatory violations during the reporting period[160][161].