Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 1,141.46 million, a decrease of 29% from RMB 1,605.71 million in 2021[2]. - The company reported a net loss attributable to shareholders of RMB 155.30 million, compared to a profit of RMB 765.13 million in 2021[2]. - The company reported a net loss of approximately RMB 190 million for the fiscal year 2022[10]. - In 2022, the company reported a net loss attributable to ordinary shareholders of RMB (155,298,891), compared to a profit of RMB 765,131,573 in 2021, resulting in a basic loss per share of (0.33) RMB[23]. - The company recorded a net profit attributable to shareholders of approximately RMB 260 million in 2022, despite operational losses due to the pandemic[48]. Revenue Breakdown - Aviation business revenue was RMB 361.14 million, down 30.4% from RMB 518.58 million in the previous year[2]. - Non-aviation business revenue decreased to RMB 780.32 million, a decline of 28.2% from RMB 1,087.13 million in 2021[2]. - Non-aeronautical revenue, including franchise income, hotel income, and rental income, totaled RMB 780.3 million in 2022, down from RMB 1,087.1 million in 2021[17]. - The revenue from franchise rights totaled RMB 453,939,102, a decrease of 32.04% due to reduced passenger throughput affecting sales at duty-free shops[33]. - Hotel revenue was RMB 71,931,611, down 21.07%, attributed to decreased passenger throughput leading to lower occupancy rates[34]. - Rental income increased by 8.54% to RMB 70,150,817, mainly due to new lease contracts from the Phase II expansion project[35]. Operational Metrics - Passenger throughput reached 11.16 million, reflecting a significant decrease compared to previous periods[2]. - The number of aircraft movements was 105,675, indicating a reduction in operational activity[2]. - Cargo and mail throughput was 124,372.70 tons, showing a decline from prior year figures[2]. - In 2022, the total passenger throughput was 1,116.22 million, a decrease of 36.29% compared to 2021[29]. - The total revenue from aviation business was RMB 361,136,944, down 30.36% year-on-year, primarily due to the impact of the pandemic[29]. Assets and Liabilities - Total current assets decreased to RMB 480.01 million from RMB 622.58 million in 2021, indicating a liquidity contraction[6]. - Non-current assets totaled RMB 10,159.55 million, down from RMB 10,512.77 million in the previous year[6]. - As of December 31, 2022, the company's current liabilities amounted to approximately RMB 6.0 billion, exceeding current assets of approximately RMB 5.52 billion[10]. - The total liabilities were reported at RMB 6.23 billion, while total equity was RMB 4.41 billion[12]. - The total assets as of December 31, 2022, were RMB 10,639,551,304, a decrease of 4.45% from the previous year[38]. Cash Flow - The net cash inflow from operating activities was RMB 174,041,584, a decrease of 78.99% year-on-year due to reduced airline business volume at Meilan Airport caused by the pandemic[42]. - The net cash outflow from investing activities in 2022 was RMB 106,215,926, primarily for payments related to the Phase II expansion project[42]. - The net cash outflow from financing activities in 2022 was RMB 125,860,945, mainly due to loan interest repayments[42]. Debt and Financing - The company has a syndicated loan of RMB 7.8 billion for the Phase II expansion project, with RMB 5.18 billion disbursed as of December 31, 2022[11]. - The outstanding syndicated loan balance as of December 31, 2022, was RMB 1.94 billion, with an additional RMB 3.20 billion related to a joint repayment commitment[83]. - The company has obtained a syndicated loan agreement allowing it to continue operations without requiring early repayment of outstanding loans totaling RMB 19.4 billion and RMB 32.0 billion from Haikou Meilan[14]. Operational Challenges - The company is facing significant uncertainty regarding its ability to continue as a going concern[13]. - Passenger throughput at Meilan Airport significantly decreased compared to the fiscal year 2021 due to the impact of COVID-19[12]. - The second phase expansion project of Meilan Airport has been operational for one year, but the full potential has not been realized due to the negative impact of the pandemic on passenger and cargo throughput[61]. Future Plans and Strategies - The company plans to implement various measures to match capacity with market demand, including optimizing operations at Meilan Airport and expediting the leasing and renovation of duty-free shops[14]. - The company aims to expedite the preparation and construction of the Meilan Airport's second terminal, targeting completion by the end of 2023 to support the Hainan Free Trade Port policy[62]. - The company will continue to restore international and regional passenger flight routes, actively communicating with airlines to implement the seventh freedom rights policy[62]. - The company plans to enhance its core risk management mechanisms and improve safety protocols, ensuring effective implementation of regulations and enhancing public safety management at Meilan Airport[63]. Governance and Compliance - The company has adopted a code of conduct for directors and supervisors that meets or exceeds the standards set by the relevant guidelines[85]. - The board of directors includes four independent non-executive directors as of December 31, 2022[84]. - The company is committed to complying with all regulations set by the China Securities Regulatory Commission and the Hong Kong Stock Exchange[86]. - The chairman and CEO roles are held by the same individual, which deviates from the corporate governance code, but the board believes this arrangement ensures effective leadership[86].
美兰空港(00357) - 2022 - 年度业绩