BEIJING AIRPORT(HK:00694)2023-08-29 12:43Financial Performance - The company's operating revenue for the first half of 2023 was RMB 1,985,073,000, an increase of approximately 80.2% compared to the same period last year[2]. - Revenue from aviation-related businesses was RMB 910,071,000, reflecting a year-on-year increase of approximately 160.9%[2]. - Non-aviation business revenue reached RMB 1,075,002,000, up approximately 42.9% year-on-year[2]. - The net loss after tax for the first half of 2023 was RMB 1,041,495,000, a reduction of approximately 25.9% from a net loss of RMB 1,404,644,000 in the same period last year[2]. - Total revenue for the six months ended June 30, 2023, was RMB 1,075,002,000, a significant increase of 43% from RMB 752,459,000 in the same period of 2022[16]. - The company's aviation-related revenue increased to RMB 514,511,000, up 99% from RMB 258,278,000 in the previous year, reflecting a strong recovery in air traffic[16]. - Non-aviation service revenue also saw a substantial rise, reaching RMB 910,071,000, compared to RMB 348,862,000 in the prior year, marking a growth of 160%[16]. Operational Metrics - In the first half of 2023, the number of aircraft takeoffs and landings at Beijing Capital International Airport reached 175,937, an increase of approximately 133.4% year-on-year[2]. - Passenger throughput for the same period was 23,100,384, representing a year-on-year growth of approximately 318.3%[2]. - The international passenger throughput increased significantly by 2042.9% year-on-year, reaching 1,747,371[37]. - The cargo and mail throughput decreased by approximately 16.5% year-on-year, totaling 473,326 tons[37]. - The company anticipates continued recovery in air traffic and passenger volumes in the upcoming quarters, driven by the easing of travel restrictions[36]. Expenses and Costs - Operating expenses for the first half of 2023 were RMB 2,757,714,000, a slight decrease of approximately 0.3% compared to the previous year[2]. - The company's repair and maintenance expenses amounted to RMB 400,053,000, an increase of approximately 3.9% compared to the same period last year, primarily due to increased business volume and higher usage frequency of production equipment[42]. - The company's electricity and water expenses for the first half of 2023 were RMB 229,784,000, a decrease of approximately 12.6% year-on-year, mainly due to adjustments in heating fee standards[42]. - Operating service expenses reached RMB 212,363,000 in the first half of 2023, up about 3.3% from the previous year, driven by the recovery in passenger volume at Beijing Capital Airport[42]. - The company's franchise management fees surged to RMB 141,513,000, an increase of approximately 80.5% year-on-year, reflecting a rebound in franchise income from advertising, retail, and dining services due to increased passenger traffic[42]. Financial Position - Total assets as of June 30, 2023, amounted to RMB 33,055,646,000, compared to RMB 33,483,400,000 as of December 31, 2022[7]. - Total liabilities increased to RMB 17,487,621,000 as of June 30, 2023, from RMB 16,878,480,000 at the end of 2022[8]. - The total liabilities to assets ratio was 53% as of June 30, 2023, complying with the debt covenant requiring it to be below 75%[31]. - The company's asset-liability ratio increased to 52.90% as of June 30, 2023, compared to 50.40% at the end of 2022[46]. - The company reported short-term borrowings of RMB 7,004,382 thousand as of June 30, 2023, compared to RMB 6,204,173 thousand as of December 31, 2022, indicating an increase of about 12.8%[30]. - The company’s long-term borrowings increased to RMB 2,001,128 thousand as of June 30, 2023, from RMB 199,023 thousand as of December 31, 2022[30]. Shareholder Information - The total issued share capital as of June 30, 2023, was 4,579,178,977 shares, with domestic shares accounting for 58.96% and H shares for 41.04%[58]. - Capital Airport Group Co., Ltd. holds 100% of the domestic shares, representing 58.96% of the total issued shares[59]. - The largest foreign shareholder, The Bank of New York, holds 150,772,031 H shares, accounting for 3.29% of the total issued shares[59]. Governance and Compliance - The Audit and Risk Management Committee reviewed the company's interim financial data for the six months ending June 30, 2023, and found that the disclosures comply with applicable accounting standards and regulations[69]. - The company confirmed compliance with the Corporate Governance Code, except for reasonable deviations from C.1.6 due to the absence of certain directors at the annual general meeting[70]. - The company strictly enforced the Securities Trading Code for directors and employees during the six months ending June 30, 2023[71]. Employee Information - The number of employees decreased from 1,555 on June 30, 2022, to 1,507 on June 30, 2023, representing a reduction of approximately 3.1%[54]. - The company pays 9.8% of the previous year's average monthly salary for basic medical insurance, which does not significantly impact the financial statements[55].