BEIJING AIRPORT(HK:00694)2022-04-28 08:36Financial Performance - In 2021, the company's revenue was RMB 3,344,709,000, a decrease of 6.8% compared to RMB 3,587,136,000 in 2020[6] - The company reported a pre-tax loss of RMB 2,820,414,000 in 2021, compared to a loss of RMB 2,710,120,000 in 2020, indicating a worsening financial performance[6] - The net loss attributable to equity holders was RMB 2,116,537,000 in 2021, slightly higher than the loss of RMB 2,034,651,000 in 2020[6] - The company's total assets amounted to RMB 35,147,336,000, a slight decrease from RMB 35,422,916,000 in 2020[6] - Shareholders' equity decreased to RMB 20,174,808,000 in 2021 from RMB 22,238,234,000 in 2020, reflecting a decline in the company's net worth[6] - The main operating revenue was RMB 3,344,709,000, with aviation revenue at RMB 1,342,969,000, an increase of about 3.6%, while non-aviation revenue decreased by approximately 12.6% to RMB 2,001,740,000[17] - The total operating expenses for the year were RMB 6,046,589,000, with an increase of about 1.3% year-on-year[20] - The net loss for the fiscal year ending December 31, 2021, was RMB 2,116,537,000, an increase of about 4.0% compared to the previous year's loss[144] - The company did not recommend the distribution of a final dividend for the year ending December 31, 2021, due to operating losses caused by the pandemic[145] Operational Highlights - The company operated 85 airlines at Beijing Capital Airport by the end of 2021, with 26 domestic and 59 international airlines[9] - The airport served 208 destinations across 54 countries and regions, with 133 domestic and 75 international destinations[9] - In 2021, the total passenger throughput was 32,639,013, a decrease of approximately 5.4% compared to the previous year[16] - The total number of aircraft movements in 2021 was 298,176, an increase of approximately 2.3% from the previous year[131][132] - Cargo and mail throughput increased by approximately 15.8% to 1,401,313 tons, reflecting a rise in freight demand[131][132] Strategic Focus - The company emphasized the importance of enhancing operational efficiency and safety amidst ongoing challenges from the pandemic[15] - The management is focused on high-quality development and improving service operations to adapt to the changing market environment[15] - The company plans to leverage domestic market potential to stimulate passenger travel demand and enhance operational resilience[14] - The company aims to enhance operational efficiency and quality by optimizing business structure and improving service quality, focusing on becoming a world-class international hub airport[28] - The company plans to implement key projects to address infrastructure shortcomings and enhance operational safety margins in 2022[24] Market Challenges - The international business volume remains low due to ongoing pandemic impacts, affecting duty-free income and overall revenue[16] - The company recognizes the complexity and uncertainty of the current external environment, impacting the recovery of the aviation market[21] - In 2021, Beijing Capital International Airport faced operational challenges due to complex domestic and international conditions, impacting business volume recovery[25] - The company anticipates continued challenges in operations due to the pandemic but is focused on cost control and recovery strategies[130] Governance and Management - The company has a well-defined governance structure, with clear responsibilities between the chairman and the general manager[169] - The board of directors held a total of 11 meetings in 2021, with 7 conducted via written resolutions, focusing on strategic development and major operational matters[166] - The company provides monthly updates to board members regarding operational performance, financial status, and market regulatory dynamics[171] - The company has purchased liability insurance for its directors and senior management to protect against potential legal actions[170] - The company has received confirmation letters from all independent non-executive directors regarding their independence as per Listing Rule 3.13[101] Shareholder Information - The company's total issued share capital as of December 31, 2021, was 4,579,178,977 shares[80] - The company’s parent company holds 58.96% of its shares[72] - The major shareholder, Capital Airport Group Co., Ltd., holds 2,699,814,977 shares, representing approximately 58.96% of the total issued shares[81] - As of March 24, 2021, 41.04% of the company's issued shares, totaling 1,879,364,000 H-shares, are held by the public, meeting the minimum public float requirement under Listing Rule 8.08[94] Employee and Community Engagement - The total number of employees increased to 1,567 in 2021 from 1,556 in 2020[152] - The company made charitable donations totaling RMB 1,000,000 during the fiscal year ending December 31, 2021[38] Environmental Commitment - The company is committed to environmental protection and aims to build a "green airport" through energy management and biodiversity protection measures[33]