BEIJING AIRPORT(HK:00694)2023-04-27 08:31Financial Performance - In 2022, the total revenue of Beijing Capital International Airport Co., Ltd. was RMB 2,230,948,000, a decrease of approximately 33.3% compared to RMB 3,344,709,000 in 2021[5]. - The net loss attributable to equity holders for 2022 was RMB 3,526,635,000, compared to a loss of RMB 2,116,537,000 in 2021[5]. - The company's total assets as of the end of 2022 amounted to RMB 33,483,400,000, down from RMB 35,147,336,000 in 2021[5]. - The company's equity decreased to RMB 16,604,920,000 in 2022 from RMB 20,174,808,000 in 2021, reflecting a decline of approximately 17.5%[5]. - The basic and diluted loss per share for 2022 was RMB (0.77), with a return on equity of -21.24%[5]. - Total passenger throughput for the year was 12,703,342, a decrease of approximately 61.1% compared to the previous year[11]. - Main operating revenue for the year was RMB 2,230,948,000, a decrease of approximately 33.3% year-on-year, with aviation business revenue at RMB 710,728,000 (down 47.1%) and non-aviation business revenue at RMB 1,520,220,000 (down 24.1%)[11]. - Total operating expenses for the year were RMB 5,788,744,000, a reduction of approximately 4.3% year-on-year[11]. - For the fiscal year ending December 31, 2022, the company reported a cumulative loss of RMB 1,293,811,000, with no distributable reserves available for dividends[24]. - The company has not proposed any final dividend for the fiscal year ending December 31, 2022[28]. Operational Metrics - The total number of aircraft takeoffs and landings in 2022 was 157,630, representing a year-on-year decrease of about 47.1%[10]. - The company operated 85 airlines at Beijing Capital International Airport by the end of 2022, serving 207 destinations across 47 countries and regions[7]. - In the first two months of 2023, aircraft takeoffs and landings increased by approximately 31.1% year-on-year, with domestic routes up 41.8% and international routes down 51.8%[15]. - Passenger throughput in the first two months of 2023 increased by approximately 88.9%, with domestic routes up 86.3% and international passenger volume up 274.1%[15]. - In March 2023, aircraft takeoffs and landings increased by 135.9% year-on-year, and passenger throughput increased by 300.7%[15]. Strategic Initiatives - The company plans to focus on enhancing service quality and operational safety in the face of ongoing challenges in the aviation industry[9]. - The company aims to develop a new business model and enhance commercial operations to maximize resource value and improve profitability in 2023[17]. - The company will continue to promote key hub construction projects and enhance hub functionality in 2023[16]. - The company recognizes the ongoing risks in the external environment and aims to navigate challenges while seizing market recovery opportunities in 2023[14]. - The company is committed to high-quality development and has made progress in hub construction and service improvements despite the adverse conditions faced in 2022[9]. Customer and Supplier Relationships - The largest customer, Air China, accounted for 31.16% of the total revenue, while the top five customers contributed 58.09%[29]. - The largest supplier, Beijing Capital Airport Aviation Security Co., Ltd., represented 14.82% of the operating expenses, with the top five suppliers making up 39.14%[29]. Governance and Compliance - The company has implemented a strict risk management and internal control system to comply with significant laws and regulations affecting its operations[22]. - The company has maintained appropriate liability insurance for directors and senior officers against third-party liabilities[78]. - The company has confirmed that all related party transactions complied with the relevant disclosure requirements under the listing rules[71]. - The company emphasizes its commitment to governance and compliance with listing rules[91]. - The board consists of 10 members, including 3 executive directors, 3 non-executive directors, and 4 independent non-executive directors, meeting the requirement of at least one independent director with appropriate financial expertise[112]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an information management system to regularly collect and disclose key performance indicators, ensuring transparency in ESG reporting[163]. - The company aims to achieve carbon peak in the civil aviation airport sector by 2025 and carbon neutrality for all airport buildings by 2050[177]. - The company is committed to building a green airport, promoting actions related to climate change, energy conservation, emission reduction, and resource saving[170]. - The company has set short, medium, and long-term carbon peak and carbon neutrality targets, with regular disclosures on greenhouse gas reduction progress[176]. - The company has established a leadership group for environmental, social, and governance (ESG) work, responsible for planning and supervising ESG initiatives[169]. Future Outlook - The company plans to expand its market presence by increasing international flight routes by 20% in the next fiscal year[83]. - The company aims to achieve a revenue growth target of 15% for the upcoming fiscal year, driven by increased passenger volume and new service offerings[83]. - The company is exploring potential acquisitions to enhance its service offerings, targeting a 10% increase in market share by 2024[85]. - Future outlook includes plans to expand airport capacity by 20% over the next five years to accommodate increasing passenger demand[85].