Company Performance - The company reported a significant increase in system processing volume, ranking among the top globally for five consecutive years[3]. - Total revenue for the year ended December 31, 2021, was RMB 5,476,177,000, a slight decrease from RMB 5,485,577,000 in 2020[43]. - Total profit for the year ended December 31, 2021, was RMB 663,883,000, compared to RMB 314,161,000 in 2020, indicating a significant increase[43]. - Net profit attributable to shareholders for the year ended December 31, 2021, was RMB 551,301,000, up from RMB 362,800,000 in 2020[43]. - Basic and diluted earnings per share for the year ended December 31, 2021, were RMB 0.19, compared to RMB 0.12 in 2020[43]. - The company achieved a market capitalization exceeding HKD 50 billion as of February 7, 2021, marking its 20th anniversary of listing[40]. - The company reported a pre-tax profit of approximately RMB 663.9 million in 2021, an increase of about 111.3% compared to 2020[66]. - The net profit attributable to shareholders was approximately RMB 551.3 million, representing a year-on-year increase of about 52.0%[66]. Operational Growth - As of December 31, 2021, the company had 6,608 employees, reflecting its growth and operational scale[3]. - The company has established over 20 subsidiaries in China, including the China Aviation Settlement Co., Ltd.[3]. - The company successfully completed the acquisition of the entire registered capital and properties of the settlement company[34]. - The electronic ticketing system achieved 100% electronicization, earning the company the IATA Global Outstanding Contribution Award[34]. - The company has developed advanced products and services to meet the electronic transaction needs of all industry participants[3]. - The company is committed to expanding its market presence and enhancing its technological capabilities[3]. - The company established a new data center in Beijing Shunyi, further improving its operational capabilities[40]. Financial Overview - Total assets as of December 31, 2021, reached RMB 24,111,139 thousand, an increase from RMB 22,769,276 thousand in 2020, representing a growth of approximately 5.9%[46]. - Total liabilities as of December 31, 2021, were RMB 4,881,056 thousand, an increase from RMB 4,001,118 thousand in 2020, which is an increase of about 22%[46]. - The asset-liability ratio as of December 31, 2021, was 20.2%, up from 17.6% in 2020[88]. - The total capital expenditure for the year 2021 was RMB 867.7 million, down from RMB 941.8 million in 2020[89]. - The net cash flow from operating activities for the year ended December 31, 2021, was RMB 2,942.8 million, a significant increase from RMB 164.2 million in 2020[76]. Market Position and Recognition - The company has been recognized as a high-tech enterprise for 21 consecutive years, reflecting its commitment to innovation[40]. - The company has been included in major indices such as MSCI Emerging Markets Index and Hang Seng Composite Index, enhancing its market visibility[40]. - The company achieved a direct connection with 152 foreign airlines, covering over 400 cities domestically and internationally, and reached 33 countries and regions[54]. - The company received significant awards, including the 22nd China Patent Award for Excellence and the First Prize for Technological Progress in Civil Aviation[47]. Corporate Governance - The board of directors consists of nine members, with more than half being external directors, including three independent non-executive directors[94]. - The company fully complied with the corporate governance code during the fiscal year 2021[92]. - The company has established four specialized committees to oversee strategic investment, nominations, remuneration, and financial reporting, among other areas[104]. - The company’s independent non-executive directors confirmed their independence in accordance with listing rules during the reporting period[99]. Risk Management and Compliance - The company established a comprehensive risk management and internal control system to ensure the effectiveness of its operations[122]. - The company identified and assessed risks across strategic, market, operational, and financial domains, leading to a decrease in the likelihood and impact of significant risks[124]. - The audit report emphasizes the importance of internal controls to prevent material misstatements due to fraud or error[192]. - The company has maintained its accounting policies and practices without changes in auditors from 2018 to 2021[181]. Shareholder Information - The company maintains a stable dividend policy, proposing a final cash dividend of RMB 0.055 per share for the fiscal year 2021, representing approximately 30-40% of the net profit[145]. - The company’s largest shareholder, China Civil Aviation Information Group, holds approximately 29.29% of the shares[3]. - The company did not repurchase, sell, or redeem any of its listed securities during the year ended December 31, 2021[131]. Technological Advancements - The company is focusing on digital transformation and the construction of smart airports, driven by high-tech innovations such as cloud computing and artificial intelligence[48]. - The company developed a self-service check-in system (CUSS) compliant with IATA standards, which is used in 194 major airports, and online check-in services were applied in 246 airports, processing approximately 258 million departing passengers[51]. - The company launched a smart travel service platform, which won a first-class award for technological progress from the China Transportation Association[52]. Customer and Supplier Relations - The company aims to continuously improve customer satisfaction and loyalty through a customer demand-oriented service approach[151]. - The largest customer, China Southern Airlines, represented 8.9% of the company's revenue from goods sold or services provided in 2021[151]. - The company has established a supplier management mechanism to enhance supplier relationships and ensure compliance with relevant laws and regulations[150].
中国民航信息网络(00696) - 2021 - 年度财报