Core Viewpoint - China Civil Aviation Information Network (00696) reported a total revenue of 8.823 billion RMB for the fiscal year 2024, reflecting a year-on-year growth of 26.3% and a net profit attributable to shareholders of 2.074 billion RMB, which is a 48.3% increase year-on-year [1] Group 1: Financial Performance - Total revenue for 2024 reached 8.823 billion RMB, with a year-on-year increase of 26.3% [1] - Net profit attributable to shareholders was 2.074 billion RMB, marking a year-on-year growth of 48.3% [1] - Basic earnings per share stood at 0.71 RMB, with a proposed final dividend of 0.239 RMB per share (tax included) [1] Group 2: Industry Context - The global economy is experiencing a slow recovery, with China's economic operation remaining stable and showing signs of improvement [1] - Domestic passenger traffic has surpassed pre-pandemic levels from 2019, achieving a historical high, while international flights have recovered to over 80% of 2019 levels [1] Group 3: Revenue Breakdown - Revenue from aviation information technology services accounted for 48.9% of total revenue in 2024, down from 55.1% in 2023, totaling 4.319 billion RMB, a year-on-year increase of 12.2% [2] - The increase in aviation information technology services revenue was driven by an 18.1% rise in total system processing volume, despite international and foreign airline processing volumes not yet recovering to 2019 levels [2] - System integration services revenue constituted 21.4% of total revenue in 2024, up from 14.2% in 2023, amounting to 1.8877 billion RMB, with a significant year-on-year increase of 89.9% [2] - The growth in system integration services revenue was attributed to the orderly progress of engineering construction and an increase in the scale and number of projects meeting completion acceptance conditions [2]
中国民航信息网络(00696)发布2024年度业绩，归母净利润20.74亿元，同比增长48.3%