SIA(SH:600009)2023-04-28 16:00Financial Performance - The company reported a net profit attributable to shareholders of -¥2,994,949,875.37 in 2022, compared to -¥1,578,222,818.35 in 2021[16]. - The company's operating revenue for 2022 was ¥5,480,447,621.36, a decrease of 32.79% compared to ¥8,154,776,878.02 in 2021[16]. - The net cash flow from operating activities was -¥116,961,358.39, a decline of 106.32% from ¥1,849,196,959.64 in 2021[16]. - The basic earnings per share for 2022 was -¥1.26, compared to -¥0.68 in 2021[17]. - The total assets at the end of 2022 were ¥67,775,098,795.68, a slight decrease of 0.10% from ¥67,842,539,413.31 in 2021[16]. - The net assets attributable to shareholders increased by 10.38% to ¥39,607,600,050.97 in 2022 from ¥35,883,128,185.78 in 2021[16]. - The company reported a significant decline in operating revenue, totaling ¥5,480,447,621.36, a decrease of 32.79% compared to ¥8,154,776,878.02 in the previous year[32]. - The company reported a total profit of -3,825,023,512.94 CNY for 2022, which is a significant decline from -1,905,187,350.83 CNY in 2021[184]. Audit and Compliance - The company reported a standard unqualified audit opinion from Lixin Certified Public Accountants[3]. - The company has engaged Lixin Certified Public Accountants for auditing services during the reporting period[14]. - The financial report is guaranteed for authenticity and completeness by its chairman and financial department head[3]. - The audit report confirmed that the financial statements fairly reflect the financial position and operating results of Shanghai International Airport as of December 31, 2022[169]. - The audit identified no significant misstatements in the other information provided in the annual report[172]. Corporate Governance - The company held 1 annual general meeting and 3 extraordinary general meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[68]. - The company’s board of directors consists of 9 members, including 3 independent directors, and held 14 board meetings during the reporting period[68]. - The company has established a robust information disclosure management system, ensuring timely and accurate communication with stakeholders[68]. - The company has revised its articles of association and various governance rules to enhance corporate governance following the restructuring[68]. - The company has committed to maintaining independence from its controlling shareholder in terms of business, assets, finance, personnel, and organization following a major asset restructuring[70]. Operational Efficiency - The company focused on enhancing hub functions and optimizing resource capacity to improve passenger experience and ecological environment, indicating a strategic shift towards high-quality development[22]. - The company emphasized a flexible management mechanism to adapt to market conditions, focusing on cost reduction and efficiency improvement across all operational areas[22]. - The company maintained a normal flight release rate of 91.99% at Pudong Airport and 97.47% at Hongqiao Airport, reflecting operational efficiency[27]. - The company completed a major asset restructuring in July 2022, impacting the financial data for the first two quarters of the year[19]. - The company completed a major asset restructuring, unifying management of the two airports in Shanghai, which is expected to enhance operational efficiency and governance capabilities[24]. Market and Industry Trends - The aviation transportation industry showed strong correlation with macroeconomic cycles, impacting the company's performance and operational metrics significantly[23]. - The company is committed to continuous technological innovation and strategic expansion in emerging industries to drive sustainable growth[22]. - The company aims to enhance its position as an international aviation hub, focusing on expanding domestic markets and recovering international markets from 2023 to 2025[64]. - The company plans to implement a high-quality development strategy centered on safety, sustainability, intelligence, and culture, aiming to improve operational efficiency and customer experience[64]. Environmental and Social Responsibility - The company invested 77.61 million yuan in environmental protection during the reporting period[106]. - The total emissions of particulate matter from the Pudong Airport Company were 0.24 tons, nitrogen oxides were 10.08 tons, and sulfur dioxide were 0.65 tons, with no exceedance of emission standards[108]. - The company has developed an emergency plan for sudden environmental incidents, including a comprehensive response system[111]. - The company has been actively involved in community governance and social responsibility initiatives, enhancing the quality of life in the airport community[120]. - The company is focusing on the construction of photovoltaic projects to lower operational costs and contribute to carbon neutrality goals[118]. Future Outlook - The company expects Pudong Airport to achieve 350,000 aircraft takeoffs and landings, with a passenger throughput of 31.92 million and cargo throughput of 337,000 tons in 2023[65]. - The company plans to focus on market expansion and new product development in the upcoming year[182]. - The company is investing in new technologies, with a budget allocation of 60 million for R&D in the upcoming fiscal year[75]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs through streamlined processes[75]. - The company plans to issue shares for fundraising related to the asset acquisition, ensuring that the funds are sourced legally and independently[126].