TRAVELSKY TECH(US:TSYHY)2024-03-28 09:34Financial Data and Key Metrics Changes - The net profit attributable to shareholders increased to approximately RMB1.399 billion, representing a year-on-year growth of 123% [84] - Operating income for 2023 totaled around RMB6.984 billion, up by 34% year-on-year [108] - The diluted earnings per share rose to RMB0.48, reflecting an increase of 128.6% year-on-year [108] - Operating costs in the second half of 2023 were RMB3.12 billion, compared to RMB2.18 billion in the first half, marking a 43.4% increase [7] Business Line Data and Key Metrics Changes - Income from Aviation Information Technology (AIT) services reached RMB3.85 billion, up by 149% year-on-year [90] - Revenues from settlement and clearing services increased to RMB447 million, up by 52.1% [90] - Revenue from system integration services was RMB994 million, down by 41.4% due to project completion delays [6] Market Data and Key Metrics Changes - The system processed 620 million passengers in 2023, a 148.7% increase year-on-year, reaching 90% of the 2019 level [78] - Domestic passenger processing increased by 147.6% year-on-year, reaching 91.8% of the 2019 level [78] - Revenue from data network services was RMB390 million, down by 5.3% compared to the previous year [79] Company Strategy and Development Direction - The company aims to focus on high-quality development and innovation capabilities while maintaining stability [84] - Plans to enhance cooperation with domestic airports and strengthen smart airport services through promotional activities [95] - The company is committed to green and low-carbon development, with initiatives recognized by national authorities [76][66] Management Comments on Operating Environment and Future Outlook - The management noted a steady recovery in the civil aviation industry post-COVID, which has positively impacted business development [84] - Future CapEx is expected to remain stable, typically around RMB700 million to RMB800 million, with potential increases if new projects commence [53] - The company plans to continue investing in R&D and technical support to strengthen core capabilities and competitiveness [24] Other Important Information - The company has been recognized as a national high-tech company for 23 consecutive years and has received numerous awards for innovation [87] - The company has set aside RMB304 million for expected credit losses, maintaining consistent provisioning policies [11] Q&A Session All Questions and Answers Question: Will there be changes to the dividend policy? - The company is actively looking into market cap evaluation as per SASAC requirements and will consider this in their dividend policy [13][14] Question: What are the plans regarding mobile communication? - The company has established a general aviation short-haul transportation information network and is working on digital solutions for regional routes [15] Question: Why did the revenue from data network services decline despite market growth? - The decline is attributed to the widespread use of new technologies and modes, leading to fewer agents using the data network services [17] Question: What is the outlook for labor costs? - Labor costs will increase in proportion to profit growth, with a focus on attracting and retaining talent [47] Question: What measures are being taken for carbon neutrality? - The company has implemented energy-saving measures in data centers and is recognized for its efforts in energy efficiency [66][39]