Awards and Recognition - The company achieved a significant milestone by being awarded "Best Airport in the Asia-Pacific Region in 2020 (15–25 Million Passengers)" by Airport Council International (ACI) [6] - The company has received the "2021 Best Regional Airport in China" award from SKYTRAX, highlighting its operational excellence [6] - Meilan Airport was awarded "Best Airport in the Asia-Pacific Region in 2020" by Airport Service Quality (ASQ) and ranked 29th in the SKYTRAX Top 100 World Airports in 2021 [152] Financial Performance - Revenue for 2021 reached RMB 1,605,712, an increase of 17.25% compared to RMB 1,369,532 in 2020 [11] - Net profit attributable to shareholders was RMB 765,132, a significant recovery from a loss of RMB 1,340,376 in 2020, representing a change of -157.08% [11] - Earnings per share improved to RMB 1.62 from a loss of RMB 2.83 in the previous year, marking a change of -157.24% [11] - Net cash generated from operating activities increased by 78.50% to RMB 828,186 from RMB 463,971 in 2020 [11] - The Group's profit after tax was RMB 755,551,347, a turnaround from a net loss of RMB 1,342,073,208 in 2020 [27] - The Group's total revenue reached RMB 1,605,712,250, an increase of 17.25% compared to 2020 [26] - Revenue from aviation business amounted to RMB 518,579,390, reflecting a year-on-year increase of 12.00% [26] - Non-aviation business revenue was RMB 1,087,132,860, representing a significant increase of 19.92% from the previous year [26] Passenger and Cargo Statistics - Passenger throughput for 2021 was 1,751.97 million, a growth of 6.24% from 1,649.02 million in 2020 [18] - Domestic passenger throughput increased by 7.15% to 1,751.97 million, while international and regional passenger throughput dropped by 100% to 0.00 million [18] - The cargo volume increased by 10.14% to 148,378.70 tons in 2021 [32] - International and regional cargo throughput surged by 857.55% to 7,337.70 tons, compared to 766.30 tons in 2020 [137] Business Strategy and Expansion - The company aims to expand its domestic and overseas business, positioning itself as a leading comprehensive service provider for airport investment, operation, and management [4] - The company is committed to building an international aviation hub airport facing the Pacific and Indian Oceans [4] - The Phase II Expansion Project was officially put into operation on December 2, 2021, enhancing Meilan Airport's capacity to accommodate 35 million passengers and 400,000 tons of cargo annually [37] - The Phase III Expansion Project of Meilan Airport will be promoted to alleviate development bottlenecks and open up future growth opportunities [68] Operational Improvements and Innovations - The Phase II Expansion Project incorporates new technologies such as facial recognition and self-service baggage tracking to enhance passenger experience [39] - The establishment of the Meilan Airport Intelligent Epidemic Prevention System in November 2021 transitioned health status verification from manual to AI-based [51] - The baggage sorting speed at Meilan Airport can reach 4,000 pieces per hour, greatly enhancing sorting efficiency [52] - The introduction of intelligent access gate systems and online payment procedures in the parking buildings has significantly improved traffic efficiency [53] Governance and Management - The company has a robust governance structure with various committees overseeing audit, remuneration, nomination, and strategic initiatives [8] - The Board has developed and reviewed the company's policies and practices on corporate governance, fulfilling its responsibilities for the year ended December 31, 2021 [200] - The company has complied with all rules prescribed by the China Securities Regulatory Commission and the Hong Kong Stock Exchange, continuously improving its corporate governance structure [192] Economic and Market Context - The global economic recovery is expected to be constrained by the ongoing epidemic, impacting supply chains and inflation [54] - Hainan Province aims to prepare for the closed operation of the Hainan Free Trade Port and optimize trade and investment policies to enhance consumption quality and capacity [61] - The implementation of the RCEP Agreement will support enterprises in laying out international industrial chains [61] Tourism and Duty-Free Developments - In 2021, Hainan received 81.0043 million tourists, an increase of 25.5% year-over-year, reaching 97.5% of the 2019 levels [101] - The total revenue from tourism in Hainan was approximately RMB 138.434 billion, reflecting a 58.6% increase compared to the previous year and a 30.9% increase over 2019 [101] - Hainan's offshore duty-free shopping amounted to approximately RMB 49.47 billion, with a year-on-year increase of 80% [124] Employee and Workforce Development - As of December 31, 2021, the Group had a total of 1,153 employees, representing a year-on-year increase of 102 employees due to the Phase II Expansion Project [177] - The Group's pension contribution for the year ended December 31, 2021, was approximately RMB 27,068,457, a significant increase from RMB 7,326,704 in 2020 [181] - The Company conducted 434 epidemic prevention trainings for all employees, with a total of 31,284 participants, averaging 27 trainings per capita [177]
美兰空港(00357) - 2021 - 年度财报