GBIAC(SH:600004)2023-04-18 16:00Financial Performance - The company's operating revenue for 2022 was CNY 3,970,959,862.12, a decrease of 23.34% compared to CNY 5,180,238,340.82 in 2021[16] - The net profit attributable to shareholders for 2022 was a loss of CNY 1,071,204,611.73, compared to a loss of CNY 405,846,660.40 in 2021[16] - The basic earnings per share for 2022 was -CNY 0.45, compared to -CNY 0.17 in 2021[17] - The weighted average return on equity for 2022 was -6.03%, a decrease of 3.85 percentage points from -2.18% in 2021[17] - The comprehensive income total for 2022 was a loss of CNY 1,100,739,189.92, compared to a loss of CNY 408,502,339.30 in 2021[175] - The total operating revenue for 2022 was ¥3,970,959,862.12, a decrease of approximately 23.2% from ¥5,180,238,340.82 in 2021[174] - The total operating costs for 2022 were ¥5,578,197,809.52, down from ¥5,864,561,699.34 in 2021, reflecting a reduction of about 4.9%[174] - The net profit attributable to the parent company for 2022 was a loss of ¥1,071,204,611.73, compared to a loss of ¥405,846,660.40 in 2021[175] - The total comprehensive income for 2022 was -¥863,685,341.86, compared to -¥516,285,389.02 in 2021, indicating a worsening financial position[176] Cash Flow and Liquidity - The net cash flow from operating activities for 2022 was CNY 868,506,661.92, an increase of 2.80% from CNY 844,850,285.57 in 2021[16] - Cash and cash equivalents increased by 41.55% to CNY 2,226,909,374.97, primarily due to the issuance of short-term bonds[50] - The company reported a net increase in cash and cash equivalents of ¥775,851,368.83 for 2022, compared to a decrease of ¥790,667,289.40 in 2021[181] - Cash inflow from investment activities was ¥55,701,167.85 in 2022, up from ¥27,056,932.25 in 2021, showing improved investment returns[179] - The company received ¥1,999,507,591.33 in loans during the financing activities, indicating strong capital acquisition efforts[180] Operational Highlights - The company opened 20 domestic routes and added 10 new domestic passenger destinations in 2022, achieving near full coverage of major domestic civil aviation airports[23] - The average on-time performance rate exceeded 95% throughout the year, reflecting improved operational efficiency[23] - The company reported a significant reduction in costs, achieving the lowest cost expenditure in three years through various cost control measures[23] - The company achieved a flight release normal rate exceeding 95% in 2022, marking a leading operational efficiency in the industry[30] - The company recorded a total of 26.66 million aircraft movements and 26.11 million passenger throughput in 2022[23] Assets and Liabilities - The total assets at the end of 2022 were CNY 26,940,788,268.14, a decrease of 2.19% from CNY 27,545,031,652.74 at the end of 2021[16] - The total liabilities increased from ¥8,944,058,011.55 in 2021 to ¥9,532,186,368.95 in 2022, an increase of about 6.6%[169] - Shareholders' equity decreased from ¥18,600,973,641.19 in 2021 to ¥17,408,601,899.19 in 2022, a decrease of about 6.4%[170] - The total equity attributable to the parent company's owners at the end of 2022 was CNY 18,600,973,641.19, a decrease of CNY 1,192,371,742.00 compared to the previous year[182] Governance and Management - The company held 1 shareholders' meeting and 10 board meetings during the reporting period, ensuring compliance with governance regulations[70] - The company has established a performance evaluation system for senior management to enhance accountability and governance[70] - The company emphasizes transparency in information disclosure, maintaining equal access for all shareholders[70] - The management team includes professionals with backgrounds in finance, engineering, and airport operations, enhancing the company's strategic capabilities[79] - The company is committed to transparency and accountability, as evidenced by the establishment of a new supervisory board[81] Environmental and Social Responsibility - The company invested approximately 31.4 million yuan in environmental protection during the reporting period[109] - The wastewater treatment plant processed a total of 7.2131 million tons of wastewater in 2022, with no instances of exceeding discharge standards[111] - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental authority[115] - The company has implemented carbon reduction measures, achieving a reduction of 62,100 tons of CO2 equivalent emissions[120] - The company has published its 2022 ESG report, detailing its social responsibility and environmental measures[121] Future Outlook and Strategy - The company has implemented a "stabilize production, stabilize growth" strategy to mitigate the impacts of economic downturns[31] - The company aims to strengthen its leading position in the airport industry amid the ongoing recovery and growth of the civil aviation sector[65] - The company is focused on digital transformation and cost leadership strategies to enhance competitiveness[66] - The company plans to continue focusing on R&D and cost management strategies in response to economic challenges[45] - Future outlook and performance guidance were not detailed in the report, indicating a cautious approach moving forward[182]