Financial Performance - Revenue for 2024 reached RMB 2,170,988, an increase of 4.09% compared to RMB 2,085,680 in 2023[21] - Gross profit surged to RMB 149,171 in 2024, representing a remarkable increase of 288.00% from RMB 38,446 in 2023[21] - Net loss attributable to shareholders increased to RMB 381,444 in 2024, a rise of 180.45% from RMB 136,009 in 2023[21] - Basic loss per share rose to RMB 0.81, up 179.31% from RMB 0.29 in 2023[21] - Net cash generated from operating activities improved to RMB 729,890, a 38.52% increase from RMB 526,936 in 2023[21] - Current ratio increased to 21% in 2024, up from 11% in 2023, indicating improved liquidity[21] - Gearing ratio slightly increased to 63.11% in 2024 from 62.70% in 2023[21] - EBITDA decreased to RMB 602,488, a decline of 25.08% from RMB 804,147 in 2023[21] Revenue Breakdown - Revenue from aviation business was RMB 1,081,102,941, an increase of 10.93% from 2023, while revenue from non-aviation business decreased by 1.91% to RMB 1,089,885,397[40] - Non-aviation business revenue for the year amounted to RMB 1,089,885,397, reflecting a year-on-year decrease of 1.91%, accounting for 50.20% of the Group's total revenue[56] - Franchise income decreased by 18.49% to RMB 507,297,738, while rental income increased by 28.33% to RMB 98,243,419, and VIP room income surged by 59.50% to RMB 62,565,676[57] Passenger and Cargo Statistics - Passenger throughput reached 26.8904 million, a 10.48% increase from 2023, with domestic passengers increasing by 7.69% and international passengers rising by 148.10%[29] - Aircraft takeoff and landing increased by 7.92% to 186,117 flights, with international flights seeing a significant rise of 131.01%[29] - Cargo and mail throughput grew by 19.69% to 209,336 tonnes, with international and regional cargo increasing by 261.07%[29] Operational Challenges and Recovery - The impact of super typhoon "Yagi" resulted in a loss of over 420,000 passengers in September 2024 alone, significantly affecting flight operations and tourist willingness to travel to Hainan[47] - The airport resumed regular operations on September 14, 2024, after a phased recovery following the typhoon's impact[47] - Domestic flight operations were restored to 70% and international flights to 100% shortly after the typhoon[114] Awards and Recognition - Major awards in 2024 included "Five-Star Airport" and "Best Regional Airport in China" granted by SKYTRAX[12] - The Meilan Airport Hotel received 17 honorary awards in 2024, including "Top 10 Brand Units in Hotel Industry" by Hainan Provincial Commerce Chamber[66] - Meilan Airport received a total of 119 awards in 2024, including 9 international awards, 24 national awards, and 64 industry awards, highlighting its commitment to high-quality passenger service[184][187] Future Plans and Developments - The company aims to leverage the positioning of Hainan Free Trade Port to enhance its airport services and expand market reach[7] - Future plans include re-conducting commercial planning for the terminal complex project to enhance shopping experience and commercial service quality[69] - In 2025, Meilan Airport will focus on improving operational efficiency through the Airport Operations Control Centre (AOCC) and collaborative mechanisms, aiming to enhance airport operational safety and efficiency[101] Technological Advancements - The data center of Meilan Airport was officially launched on 24 December 2024, designed to enhance data governance and services through big data technology[84] - The Smart Service Platform was developed to digitize passenger services, while the Training Management System provided diversified learning modes and intelligent assessment tools, laying a foundation for streamlined training management[85][88] Tourism and Economic Impact - In 2024, Hainan Province received a total of 97.2078 million domestic and foreign tourists, generating RMB204.014 billion in tourist expenditure, representing year-on-year increases of 8% and 12.5% respectively[142] - The visa-free entry policy in Hainan led to approximately 1.11 million inbound tourists in 2024, a significant year-on-year increase of 115.6%[144] - Hainan's tourism industry is set to focus on high-quality projects and international competitiveness, with plans to enhance the Island Tourism Highway and develop world-class tourist resorts[149] Infrastructure Developments - The Sanya-Ledong Tourist Railway commenced operations on November 16, 2024, spanning 108.78 km with a designed speed of 200 km/h, enhancing access to key tourist attractions[168] - The National Park of Hainan Tropical Rainforest Tourism Highway opened on December 19, 2024, with an investment of approximately RMB 5.969 billion, spanning 466 km and connecting multiple cities and counties[169] Strategic Partnerships - The establishment of the joint venture with Changi Airports International aims to enhance non-aeronautical business operations at Meilan Airport, including retail and dining services[183] - Meilan Airport entered into cooperation agreements with multiple domestic and international airlines to expand its aviation market and improve route layout[192][194]
美兰空港(00357) - 2024 - 年度财报