Financial Performance - Total revenue for the fiscal year ended December 31, 2023, was approximately RMB 6,983.8 million, an increase of about 34.0% compared to the previous year[5] - Net profit attributable to shareholders of the parent company was approximately RMB 1,399.0 million, representing an increase of about 123.1% year-over-year[5] - Earnings per share for the fiscal year was RMB 0.48, up from RMB 0.21 in the previous year[10] - The company reported a total profit of RMB 1,612.1 million, compared to RMB 735.1 million in the previous year[8] - The company achieved a significant increase in investment income, reporting RMB 81.6 million compared to RMB 30.6 million in the previous year[6] - The revenue from aviation information technology services accounted for 55.1% of total revenue in 2023, up from 29.7% in 2022, with a significant increase of 149.0% to RMB 3,850.8 million[80] - The revenue from settlement and clearing services increased by 52.1% to RMB 447.3 million in 2023, accounting for 6.4% of total revenue[83] Dividends and Shareholder Returns - The board proposed a final cash dividend of RMB 0.16 per share for the fiscal year 2023[5] - The company declared a cash dividend of RMB 0.053 per share for the 2022 final dividend, totaling RMB 155,089 thousand, and proposed a cash dividend of RMB 0.16 per share for the 2023 final dividend, totaling RMB 468,194 thousand, pending shareholder approval[47] - As of December 31, 2023, the reserves available for distribution to shareholders amounted to RMB 8,200.3 million, up from RMB 7,419.5 million as of December 31, 2022[94] Operating Costs and Expenses - Total operating costs for the year were RMB 5,300.8 million, compared to RMB 4,729.5 million in the previous year[6] - The company’s operating costs for the current period were RMB 3,316,519 thousand, compared to RMB 3,089,871 thousand in the previous period, representing an increase of approximately 7.3%[42] - Total operating costs for 2023 were RMB 5,300.8 million, an increase of RMB 571.3 million or 12.1% from RMB 4,729.5 million in 2022[82] - The company achieved a 14.4% increase in labor costs due to higher employee compensation and social insurance expenses[82] - The company experienced a 212.6% increase in commission and promotion expenses, primarily due to a significant year-on-year increase in passenger volume[86] Assets and Liabilities - The total assets as of December 31, 2023, amounted to RMB 27,500.1 million, up from RMB 25,237.6 million in the previous year[14] - Total liabilities increased to RMB 6,481,535,000 from RMB 5,495,393,000, representing a growth of 18% year-over-year[16] - Current liabilities rose to RMB 6,193,494,000, up from RMB 5,142,697,000, marking an increase of 20%[16] - Non-current liabilities decreased to RMB 288,042,000 from RMB 352,696,000, a decline of 18%[16] - Total equity increased to RMB 21,018,594,000 from RMB 19,742,230,000, reflecting an increase of 6.5%[17] - The asset-liability ratio as of December 31, 2023, is 23.6%, up from 21.8% on December 31, 2022[112] Research and Development - Research and development expenses increased to RMB 863.0 million from RMB 701.7 million, reflecting a focus on innovation[6] - The company was recognized as a national-level enterprise technology center and established a national-level postdoctoral research workstation, enhancing its innovation capabilities[75] Operational Highlights - The company processed approximately 620.1 million passenger transactions through its electronic travel distribution (ETD) system, a growth of about 148.7% compared to the previous year[57] - In 2023, the company processed approximately 1,017.7 million transactions in its settlement and clearing system, representing a year-on-year growth of 78.1%[61] - The company signed contracts with 19 airlines for its digital retail platform solution, supporting a customer-centric business model[58] - The company established connections with 142 foreign and regional commercial airlines, expanding its distribution network to over 400 cities and reaching 33 countries and regions[63] Future Outlook - The outlook for 2024 indicates a focus on high-quality development in the civil aviation industry, driven by increased domestic demand and structural reforms[126] - The company plans to enhance safety levels, improve operational quality, accelerate strategic industry layout, and increase technological innovation efforts in 2024[128] - The company aims to deepen reforms, enhance talent incentive mechanisms, and optimize business structures to promote high-quality development[128] Governance and Compliance - The board of directors includes executive, non-executive, and independent non-executive members, ensuring a diverse governance structure[130] - The Audit and Risk Management Committee has reviewed the accounting policies and practices adopted by the group, discussing matters related to audit, risk management, and internal controls[122] - The company appointed Lixin Certified Public Accountants as the auditor for the fiscal year 2023, with a recommendation to reappoint them for 2024[123]
中国民航信息网络(00696) - 2023 - 年度业绩