BEIJING AIRPORT(HK:00694)2022-09-16 08:54Financial Performance - Total revenue for the first half of 2022 was RMB 1,101,321,000, a decrease of 37.0% compared to RMB 1,747,392,000 in the same period of 2021[4] - The company's aviation business revenue dropped by 50.1% to RMB 348,862,000 from RMB 698,905,000 in the previous year[7] - Non-aeronautical business revenue totaled RMB 752,459,000, down 28.2% from RMB 1,048,487,000 in the same period of 2021[9] - The loss attributable to shareholders increased by 67.0% to RMB 1,404,644,000, compared to RMB 840,935,000 in the previous year[4] - Operating loss for the first half of 2022 was RMB 1,698,756,000, compared to an operating loss of RMB 1,058,273,000 in the first half of 2021[49] - The company reported a net loss attributable to shareholders of RMB 1,404,644,000 for the first half of 2022, compared to a net loss of RMB 840,935,000 in the same period of 2021[50] - The total comprehensive loss for the period was RMB 1,422,079,000, compared to a total comprehensive loss of RMB 828,946,000 in the first half of 2021[50] Operational Metrics - The number of aircraft takeoffs and landings decreased by approximately 52.3% to 75,387 compared to 157,900 in the previous year[6] - Passenger throughput fell by 69.7% to 5,522,779 compared to 18,237,613 in the same period last year[6] - The total cargo and mail throughput decreased by 14.2% to 566,975 tons compared to 660,665 tons in the same period last year[6] - The company reported a significant decline in passenger service fee revenue, which was RMB 90,584,000, down 68.9% from the previous year[8] Assets and Liabilities - Total assets as of June 30, 2022, were RMB 33,378,948,000, a decrease of 5.0% from RMB 35,147,336,000 at the end of 2021[4] - Total liabilities as of June 30, 2022, amounted to RMB 14,645,230,000, a slight decrease from RMB 14,972,528,000 as of December 31, 2021[48] - The company's current ratio as of June 30, 2022, was 0.21, down from 0.41 as of December 31, 2021[18] - The debt-to-asset ratio increased to 43.88% as of June 30, 2022, compared to 42.60% as of December 31, 2021[19] Cash Flow and Financial Position - The net cash used in operating activities for the first half of 2022 was RMB 519,513,000, compared to RMB 204,836,000 in the same period of the previous year[19] - Cash and cash equivalents decreased to RMB 959,939,000 as of June 30, 2022, down from RMB 2,224,473,000 as of December 31, 2021[18] - The company has considered its existing funding sources, including cash inflows from operations, unused loan facilities from the parent company, and unused bank credit lines, to meet its working capital and debt repayment needs[31] Business Outlook and Strategy - The company anticipates continued challenges in the aviation sector due to the ongoing impact of COVID-19 and related policies[5] - The company plans to enhance operational safety and efficiency while adapting to post-pandemic passenger demand changes in the second half of 2022[16] - The company aims to improve service quality and strengthen strategic cooperation with airlines to enhance its international aviation hub competitiveness[16] - The company will implement strict pandemic prevention measures to ensure operational safety and smoothness[16] Shareholder Information - The total issued share capital as of June 30, 2022, was 4,579,178,977 shares, with 58.96% being domestic shares and 41.04% H-shares[30] - The major shareholder, Capital Airport Group Co., Ltd., holds 2,699,814,977 shares, representing 100% of the domestic shares and 58.96% of the total issued shares[32] - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2022[18] Compliance and Governance - The Audit and Risk Management Committee has reviewed the financial data for the six months ending June 30, 2022, and found it compliant with applicable accounting standards and regulations[38] - The company confirms compliance with all provisions of the Corporate Governance Code, except for a minor deviation due to reasonable circumstances[39] - The company strictly adhered to the "Securities Trading Code for Directors and Employees" during the six months ending June 30, 2022[42] Employee and Management Information - The number of employees as of June 30, 2022, was 1,555, a slight decrease from 1,558 on the same date in the previous year[26] - The total compensation for key management personnel for the three months ended June 30, 2022, was RMB 1,611,000, an increase from RMB 1,524,000 in 2021[111]