Financial Performance - The company's operating revenue for 2024 reached CNY 1,881,583,687.74, representing a year-on-year increase of 10.98% compared to CNY 1,695,371,321.03 in 2023[23]. - The net profit attributable to shareholders for 2024 was CNY 431,114,551.03, which is a 21.80% increase from CNY 353,952,704.05 in 2023[23]. - The net cash flow from operating activities for 2024 was CNY 701,960,626.85, up 14.47% from CNY 613,228,861.26 in 2023[23]. - The total assets at the end of 2024 amounted to CNY 5,759,673,023.51, reflecting a 6.03% increase from CNY 5,432,040,364.07 at the end of 2023[23]. - The basic earnings per share for 2024 was CNY 1.0340, which is a 21.80% increase compared to CNY 0.8489 in 2023[24]. - The weighted average return on equity for 2024 was 10.01%, an increase of 1.13 percentage points from 8.88% in 2023[24]. - The company reported a net profit after deducting non-recurring gains and losses of CNY 335,674,291.30 for 2024, which is an 11.05% increase from CNY 302,281,316.54 in 2023[23]. Operational Highlights - In 2024, the company achieved a passenger throughput of 27.91 million, a year-on-year increase of 15.8% compared to 2023, setting a historical record[32]. - The company completed 191,400 flight operations in 2024, representing a 7.8% increase from 2023[32]. - The cargo and mail throughput reached 375,700 tons, up 19.5% year-on-year, with international cargo and mail accounting for 231,200 tons[32]. - The company launched the new "Yue Fei Xiang" service brand, upgrading 14 service products, with two services receiving international brand certification[32]. - The company established an AI comprehensive airport management base and a smart airport laboratory, enhancing digital transformation efforts[32]. Cash Flow and Investments - The net cash flow from investment activities was negative at CNY -504,754,363.60, worsening from CNY -417,065,085.67 in the previous year[196]. - Cash inflow from investment activities amounted to CNY 4,834,721,087.35, a rise from CNY 4,104,808,299.37 in 2023, reflecting a growth of 17.8%[196]. - The cash outflow for investment activities totaled CNY 5,339,475,450.95, compared to CNY 4,521,873,385.04 in 2023, marking an increase of 18.1%[196]. Shareholder Returns - The company plans to distribute a cash dividend of CNY 3.2 per 10 shares based on the total share capital of 416,934,000 shares as of December 31, 2024[6]. - The company declared a cash dividend of CNY 2.6 per 10 shares, totaling CNY 108,402,840, which represents 30.63% of the net profit attributable to ordinary shareholders[110]. - Over the last three accounting years, the cumulative cash dividend amounted to CNY 176,601,330, with an average net profit of CNY 174,591,180.85, resulting in a cash dividend ratio of 101.15%[112]. Governance and Management - The company maintains independence from its controlling shareholder in terms of assets, personnel, and financial management, ensuring compliance with governance regulations[82]. - The company has a diverse management team with extensive experience in various sectors, enhancing its operational capabilities[87]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 4,095,100 CNY[86]. - The company is focused on maintaining a strong governance structure with independent directors and employee representatives on the board[88]. Environmental and Social Responsibility - The company has not established an environmental protection mechanism and reported zero investment in environmental protection funds during the reporting period[118]. - The company reduced carbon emissions by 613 tons through measures such as photovoltaic power generation and the promotion of electric vehicles[122]. - The company has actively engaged in social responsibility initiatives, including community support and partnerships with local organizations[123]. - The company invested over 2 million RMB in poverty alleviation and rural revitalization projects during the reporting period[125]. Market Outlook - The company is positioned to benefit from the recovery of the aviation market, with global passenger demand expected to grow by 10.4% in 2024[34]. - The company anticipates continued growth in the aviation sector, with passenger throughput expected to increase by 15.9% in 2024[64]. - The company aims to achieve a total transport turnover of 161 billion ton-kilometers and a passenger transport volume of 780 million by 2025, representing year-on-year growth of approximately 8.4% and 6.8% respectively[70].
厦门空港(600897) - 2024 Q4 - 年度财报