Airport Corp(SH:600463)2022-04-14 16:00Financial Performance - In 2021, the company reported a net profit attributable to the parent company of -25,194,138.08 RMB, resulting in a total distributable profit of 335,271,548.35 RMB at year-end[4]. - The company will not distribute profits or increase capital reserves due to the negative net profit for 2021[4]. - The company's operating revenue for 2021 was approximately ¥1.01 billion, a decrease of 11.02% compared to ¥1.14 billion in 2020[20]. - The net profit attributable to shareholders was a loss of approximately ¥25.19 million, a decline of 411.64% from a profit of ¥8.08 million in 2020[20]. - The net cash flow from operating activities was negative at approximately ¥170.17 million, a decrease of 337.81% compared to ¥71.56 million in 2020[20]. - The basic earnings per share for 2021 was -¥0.084, a decrease of 412.27% from ¥0.0269 in 2020[21]. - The weighted average return on equity was -2.04%, a decrease of 2.66 percentage points from 0.62% in 2020[21]. - The total assets at the end of 2021 were approximately ¥2.91 billion, down 8.86% from ¥3.19 billion at the end of 2020[20]. - The company reported total revenue of 1,013.08 million yuan, a decrease of 11.02% year-on-year[47]. - The total assets of the company amounted to 2,910.80 million yuan, reflecting a decline of 8.86% compared to the previous year[47]. - The net cash flow from operating activities was -170.17 million yuan, a significant decrease compared to the previous year's positive cash flow[49]. - The company reported a net profit of RMB 158.91 million from Beijing Konggang Tianrui Real Estate Investment Co., Ltd., which has total assets of RMB 62,406.38 million[76]. Market Conditions - The ongoing COVID-19 pandemic has significantly impacted the global economy, leading to weak demand in the market leasing business and increased costs due to difficulties in project resumption and labor shortages[6]. - The company faces risks from policy changes in Beijing that may affect the sales of industrial real estate projects, emphasizing the need for high-end, service-oriented, and low-carbon projects[6]. - The company is exposed to cost increase risks due to fluctuations in raw material and labor prices, which have been affected by the pandemic[87]. - The company faces risks from the macroeconomic environment and policy changes due to the ongoing impact of the COVID-19 pandemic, which has significantly affected rental market demand[86]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with all board members present at the board meeting[7]. - The company has received a standard unqualified audit report from Zhongxing Caiguanghua Accounting Firm[7]. - The company has conducted several shareholder meetings in 2021, including the approval of significant asset transactions and financial reports[91]. - The company emphasizes the importance of maintaining an independent governance structure, ensuring that the board operates independently from its controlling shareholder[89]. - The company has established specialized committees, including an audit committee and a strategic committee, to enhance governance[106]. - The company has not faced any objections from directors regarding company matters during the reporting period[105]. Operational Developments - The company completed the acquisition of 100% equity in Beijing Konggang Tianyang Electric Installation Engineering Co., Ltd. in 2021[22]. - The company achieved operating income of 51.81 million yuan in the real estate development business, an increase of approximately 440.74 thousand yuan compared to the previous year, with a net profit of 1.59 million yuan, up by approximately 3.41 million yuan[35]. - The company is currently preparing for the completion settlement of the MAX Airport R&D Innovation Park B project, which has achieved a construction progress of 97%[34]. - The company is actively expanding its market presence by enhancing the marketing department's personnel configuration and developing tailored leasing strategies for different types of investment properties[36]. - The company has applied for a total of 26 utility model patents and has been recognized as a "High-tech Enterprise"[36]. Financial Management - The company plans to enhance its financial structure by improving credit relationships with banks and effectively utilizing idle funds, while also focusing on the collection of accounts receivable[84]. - The company has a significant focus on developing new products and technologies to meet the evolving demands of the market, particularly in the context of the capital's economic positioning[79]. - The company is actively seeking to expand its operations beyond the core area of the airport economic zone, targeting high-end manufacturing bases and other strategic locations[79]. - The company is undergoing a change in its accounting firm, reflecting a strategic shift in financial oversight[107]. Environmental Responsibility - The company actively promotes energy conservation and emission reduction, implementing various environmental protection measures to minimize environmental impact[122]. - The company has adopted low-carbon office practices, including video conferencing and paperless operations, to reduce carbon emissions[123]. - The company has implemented a comprehensive management approach to ensure compliance with environmental laws and regulations throughout its construction projects[122]. - The company has not faced any penalties for violations of environmental regulations during the reporting period[122]. Shareholder Information - The largest shareholder, Beijing Airport Economic Development Co., holds 49.32% of the shares, totaling 147,946,207 shares[151]. - The second largest shareholder, Guokai Financial Co., holds 16.00% of the shares, totaling 48,000,000 shares[151]. - The number of ordinary shareholders increased from 13,224 to 14,235 during the reporting period[149]. - There were no changes in the total number of shares or the share capital structure during the reporting period[148]. Future Outlook - The company plans to develop three major projects: "Airport Innovation Park," "Airport Headquarters Park," and "Airport Industrial City," to drive its growth strategy[81]. - The company expects to engage in daily related party transactions totaling RMB 161 million for 2021, adhering to regulatory guidelines[140]. - The company provided guidance for the next quarter, expecting revenue to grow by 10% to 1.65 billion[101]. - New product launches are anticipated to contribute an additional 200 million in revenue over the next fiscal year[99].