Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 2,085.68 million, a 83.0% increase from RMB 1,141.46 million in 2022[2] - The net loss attributable to shareholders was RMB 136.01 million, an improvement from a net loss of RMB 155.30 million in 2022[2] - The company reported a basic and diluted loss per share of RMB 0.29, compared to RMB 0.33 in 2022[5] - The total comprehensive loss attributable to shareholders was RMB 136.01 million, a decrease from RMB 169.37 million in the prior year[5] - The company reported a significant increase in operating revenue, reaching RMB 2,085,679,527 in 2023, compared to RMB 1,141,461,624 in 2022, representing an 83% year-over-year growth[13] - The company reported a net loss attributable to ordinary shareholders of RMB 136,008,897 for 2023, an improvement from a loss of RMB 155,298,891 in 2022, reflecting a reduction in loss of approximately 12%[17] Revenue Breakdown - Aviation business revenue reached RMB 974.62 million, up 170.0% from RMB 361.14 million in the previous year[2] - Non-aviation business revenue increased to RMB 1,111.06 million, compared to RMB 780.32 million in 2022, reflecting a growth of 42.4%[2] - The total revenue from the aviation business for 2023 was RMB 974,620,249, representing a growth of 169.88% year-on-year[24] - Non-aviation business revenue increased by 42.38% to RMB 1,111,059,278, accounting for 53.27% of the total revenue[25] Operational Metrics - Passenger throughput reached 24.34 million, with aircraft movements totaling 172,454[2] - The number of flight takeoffs and landings in 2023 was 172,454, up 63.19% from 105,675 in 2022[23] - International and regional passenger throughput surged to 48.34 million, a staggering increase of 21,872.73% from 0.22 million in 2022[23] - The number of operating airlines increased to 51, with 16 new airlines added, including 11 international and regional airlines[23] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 203.65 million from RMB 119.43 million year-over-year[6] - Operating cash flow for the fiscal year 2023 was a net inflow of RMB 527 million, but after deducting annual lease payments of RMB 557 million, the net cash outflow was RMB 30 million[9] - As of December 31, 2023, the company's current liabilities amounted to RMB 6.4 billion, exceeding current assets of RMB 5.69 billion[9] - The net cash inflow from operating activities for 2023 was RMB 526,935,887, representing a growth of 202.76% year-on-year, driven by increased aviation business volume at Meilan Airport[34] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 11,360.95 million, up from RMB 10,639.55 million in 2022[7] - Total liabilities increased to RMB 7,123.06 million from RMB 6,233.03 million in the previous year[7] - As of December 31, 2023, the total liabilities amounted to RMB 7,123,059,049, resulting in a debt-to-asset ratio of 62.70%, an increase of 4.12% from the previous year[36] Financing and Debt Management - The company has a total syndicated loan of RMB 7.8 billion for the Phase II expansion project, with RMB 5.18 billion disbursed and RMB 170 million repaid as of December 31, 2023[10] - The company is negotiating with lenders for waivers related to arbitration matters, believing that lenders will not demand early repayment of the outstanding syndicated loan balance of RMB 1.91 billion[11] - The company is currently negotiating with financial institutions for new financing agreements to meet upcoming debt obligations, including RMB 19.1 billion and RMB 31.0 billion in outstanding loans[12] Operational Strategy - The company plans to enhance operational cash inflow by controlling airport operating costs and introducing international luxury brands to boost duty-free business[11] - The company is actively pursuing the establishment of a domestic and international dual-circulation aviation network[11] - The company aims to improve service quality by implementing a five-star service standard and enhancing passenger experience, focusing on service process management and regulatory oversight[55] Corporate Governance - The company is committed to improving corporate governance and enhancing transparency for shareholders[77] - The board of directors includes four independent non-executive directors as of December 31, 2023, ensuring compliance with corporate governance regulations[74] - The independent auditor's report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2023[72] Future Outlook - The outlook for 2024 indicates that the global economy faces numerous risks and challenges, with China’s economic recovery still in a critical phase[50] - In 2024, Meilan Airport will complete the expansion of the Airport Operations Control Centre (AOCC) to enhance operational efficiency and support air traffic management[54] Employee and Operational Growth - As of December 31, 2023, the group employed 4,106 people, an increase of 2,810 employees year-on-year, primarily due to increased operational demand at Meilan Airport and the conversion of 545 dispatched workers to labor contract workers[48] - The group contributed approximately RMB 72,327,861 to the pension fund for the fiscal year ending December 31, 2023, a significant increase from RMB 36,507,944 in the previous year, attributed to a substantial rise in employee numbers[49]
美兰空港(00357) - 2023 - 年度业绩