Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of RMB 6,983,847,000, an increase from RMB 5,210,106,000 in the previous year, representing a growth of approximately 34%[5] - The total profit for the year was RMB 1,612,136,000, up from RMB 735,139,000 in 2022, indicating a growth of about 119%[5] - Net profit attributable to shareholders was RMB 1,398,952,000, compared to RMB 627,052,000 in the prior year, reflecting an increase of approximately 123%[5] - Basic and diluted earnings per share for the year were RMB 0.48, up from RMB 0.21 in 2022, indicating a growth of approximately 128%[5] - In 2023, the company achieved total revenue of RMB 6.98 billion, a year-on-year increase of 34.0%[9] - Net profit attributable to shareholders reached RMB 1.40 billion, representing a year-on-year growth of 123.1%[9] - Earnings per share increased to RMB 0.48, up 128.6% compared to the previous year[9] - The company’s pre-tax profit was approximately RMB 1,612.1 million, an increase of about 119.3% compared to 2022[30] - The total operating costs for the fiscal year 2023 amounted to RMB 5,300.8 million, an increase of RMB 571.3 million or 12.1% compared to RMB 4,729.5 million in 2022[34] Assets and Liabilities - The company's total assets as of December 31, 2023, reached RMB 27,500,129,000, up from RMB 25,237,623,000 in 2022, marking a growth of about 9%[6] - Total liabilities increased to RMB 6,481,535,000 from RMB 5,495,393,000, which is an increase of approximately 18%[6] - The total equity of the company rose to RMB 21,018,594,000, compared to RMB 19,742,230,000 in the previous year, representing an increase of about 6.5%[6] - The asset-liability ratio of the group as of December 31, 2023, is 23.6%, up from 21.8% in the previous year[57] - Total liabilities increased to RMB 6,481,535,099.77, up from RMB 5,495,393,104.48, representing a growth of approximately 18% year-over-year[186] - Total assets reached RMB 27,500,129,430.98, compared to RMB 25,237,623,430.91 in the previous year, indicating an increase of about 9%[188] Operational Highlights - The company processed approximately 620.1 million passenger trips through its electronic travel distribution (ETD) system, a growth of about 148.7% year-on-year[14] - Domestic passenger traffic exceeded pre-pandemic levels, growing by 1.5% compared to 2019, while international routes recovered to 62.8% of 2019 levels[13] - The company expanded its distribution network to reach 33 countries and regions, supporting the recovery of Chinese airlines in international markets[9] - The group processed approximately 1,017.7 million transactions in its settlement and clearing system, representing a year-on-year growth of 78.1%[18] - Revenue from agency settlement for passenger, cargo, and postal transport exceeded 47.53 billion RMB, marking a year-on-year increase of 116.2%[18] Research and Development - The company achieved significant advancements in technology innovation, including the establishment of a national enterprise technology center and a national postdoctoral research station[28] - Research and development expenses for 2023 were RMB 863,038,653.00, up from RMB 701,713,632.36 in the previous year, indicating a 23% increase[192] Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange Listing Rules, ensuring effective governance policies are in place[62] - The company deviated from the code regarding the separation of roles between the Chairman and CEO, with the same individual currently holding both positions as a transitional arrangement[62] - The company has established four specialized committees: Audit and Risk Management Committee, Remuneration and Assessment Committee, Nomination Committee, and Strategic and Investment Committee[68] - The company emphasizes a corporate culture focused on safety, service, and innovation, aiming to create value through information services[64] - The company has implemented strict anti-corruption policies and established transparent reporting channels for whistleblowers[67] Shareholder Information - The company proposed a final cash dividend of RMB 468.2 million for the fiscal year 2023, which equates to RMB 0.16 per share based on 2,926,209,589 shares outstanding[41] - 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[42] - The company reported a total issued share capital of 2,926,209,589 shares as of December 31, 2023, with a par value of RMB 1.00 per share[116] - Domestic shares account for 68.13% of the total share capital, while H shares represent 31.87%[116] Compliance and Risk Management - The company has established a comprehensive risk management and internal control system to ensure the effectiveness of its operations, with the board responsible for its implementation and management[93] - The internal control system is subject to annual evaluations to identify and rectify any deficiencies, ensuring continuous improvement and compliance with external regulations[97] - The company has a dedicated internal audit department that assesses the effectiveness of the risk management and internal control systems annually[98] - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2023[174] Employee Information - The company has a workforce of 6,620 employees as of December 31, 2023[2] - The company has a total of 6,620 employees, with a gender ratio of approximately 6:4, which aligns with regional and industry standards[101] Investor Relations - The company has responded to nearly 3,500 investor inquiries throughout the year, achieving a 100% response rate for investor hotline and email inquiries[109] - The company has conducted extensive communication with nearly 900 domestic and international shareholders and investors through various channels, including performance briefings and one-on-one meetings[109] - The company has maintained effective communication policies to ensure transparency and compliance with shareholder and investor needs[107]
中国民航信息网络(00696) - 2023 - 年度财报