Airport Corp(SH:600463)2024-03-28 16:00Financial Performance - In 2023, the company reported a net profit attributable to shareholders of -99,979,737.74 RMB, a significant decline compared to -31,909,979.76 RMB in 2022[6]. - The total revenue for 2023 was 516,520,529.21 RMB, representing a decrease of 20.89% from 652,882,961.09 RMB in 2022[23]. - The company's basic earnings per share for 2023 was -0.3333 RMB, compared to -0.1064 RMB in 2022[23]. - The total profit amounted to -124.35 million yuan, with a year-on-year loss increase of 89.22 million yuan[48]. - The net profit attributable to shareholders was -99.98 million yuan, an increase in loss of 68.07 million yuan year-on-year[48]. - The company achieved operating revenue of CNY 21.51 million, a decrease of CNY 190.95 million compared to the same period last year, with a net profit of -CNY 8.79 million, a decline of approximately CNY 53.45 million[37]. - The company reported non-recurring gains and losses of CNY -825,722.16 in 2023, compared to CNY 67.82 million in 2022[28]. Cash Flow and Assets - The net cash flow from operating activities was -95,114,428.14 RMB, an improvement of 31.92% from -139,699,595.00 RMB in 2022[23]. - The total assets at the end of 2023 were 2,442,384,425.33 RMB, down 4.74% from 2,563,821,188.55 RMB at the end of 2022[23]. - The company's net assets attributable to shareholders decreased by 8.42% to 1,087,788,106.20 RMB at the end of 2023[23]. - The operating cash flow net amount was -95.11 million yuan, an improvement of 31.92% year-on-year[50]. - The company reported a 14.29% decrease in accounts receivable, totaling ¥398,206,775.40, down from ¥464,601,544.30[64]. Business Segments and Operations - The revenue from core business activities increased by 6.30% to 489,109,526.03 RMB in 2023[23]. - The construction business completed a total area of approximately 1,003,600 square meters in new, resumed, and completed projects during the reporting period[37]. - The construction segment generated revenue of 355.27 million yuan, with a gross margin of -8.11%[53]. - The leasing segment reported revenue of 79.63 million yuan, with a gross margin of 61.49%[53]. - The property management segment's revenue was 65.70 million yuan, with a gross margin of 39.61%[53]. Strategic Initiatives and Development - The company is actively developing the MAX Airport R&D Innovation Park projects, with a total construction area of approximately 51,000 square meters for Area A and 23,900 square meters for Area B[34]. - The company aims to enhance its internal control system to improve operational efficiency and risk management, ensuring sustainable development[34]. - The company is focusing on optimizing its business structure and increasing the development of high-value-added airport-related real estate[47]. - The company plans to enhance its investment in emerging industries and develop three major projects: "Airport Innovation Park," "Airport Headquarters Park," and "Airport Industrial City" to boost core competitiveness[100]. - The company is positioned to benefit from the "3+4+1" high-precision leading industry pattern in Shunyi, focusing on new energy vehicles, third-generation semiconductors, and aerospace industries[97]. Risks and Challenges - The company has identified various risks including macroeconomic and policy risks, raw material price fluctuations, and accounts receivable recovery risks[8]. - The company faces risks from macroeconomic conditions, including potential demand contraction and supply shocks, which could impact its main business operations[104]. - Fluctuations in raw material and labor costs pose a risk to the company's profitability, necessitating proactive supplier management[105]. - The company is committed to enhancing its receivables management to ensure stable cash flow amid potential delays in project payments[106]. Governance and Compliance - The company has improved its corporate governance structure in 2023, ensuring equal rights for all shareholders, especially minority shareholders[108]. - The board of directors operates independently, adhering to legal and regulatory requirements, with a focus on maximizing shareholder interests[109]. - The company has implemented measures to ensure compliance with legal and regulatory standards in its operations[108]. - The company has scheduled additional extraordinary shareholder meetings for December 2023 to discuss financial support and related transactions[111]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 12,280, an increase from 11,899 at the end of the previous month[185]. - The largest shareholder, Beijing Airport Economic Development Co., Ltd., holds 49.32% of the shares, totaling 147,946,207 shares[187]. - The second largest shareholder, Guokai Financial Co., Ltd., holds 15.45% of the shares, totaling 46,340,700 shares[187]. - The actual controller of the company is the State-owned Assets Supervision and Administration Commission of the People's Government of Shunyi District, Beijing[191]. Future Outlook - In 2024, the company anticipates improved operating conditions due to relaxed financing policies in the real estate sector, which will support sustained growth[101]. - Future development opportunities include the rapid growth of the capital airport's economy and the construction of Shunyi New City, which will support the development of high-end service industries[97]. - The company plans to enhance its digital marketing efforts, aiming for a 25% increase in online sales channels by the end of 2024[119].