美兰空港二零二五年中期报告

CONTENTS 2CORPORATE INFORMATION5FINANCIAL HIGHLIGHTS6414849MANAGEMENT DISCUSSION AND ANALYSISOTHER INFORMATIONREVIEW REPORTCONSOLIDATED AND COMPANY BALANCE SHEETS 52CONSOLIDATED AND COMPANY INCOME STATEMENTS54CONSOLIDATED AND COMPANY CASH FLOW STATEMENTS56CONSOLIDATED STATEMENT OF CHANGES INSHAREHOLDERS’ EQUITY57COMPANY STATEMENT OF CHANGES INSHAREHOLDERS’ EQUITY58NOTES TO THE FINANCIAL STATEMENTS CORPORATE INFORMATION NAME IN CHINESE Hainan Meilan International Airport Company Limited NAME IN ENGLISHHainan Meilan International Airport Company Limited www.mlairport.com CORPORATE WEBSITEwww.mlairport.com EXECUTIVE DIRECTORSWang Hong, Chairman and PresidentRen KaiXing Zhoujin NON-EXECUTIVE DIRECTORSWu JianLi ZhiguoWen Zhe INDEPENDENT NON-EXECUTIVE DIRECTORS Fung Ching, SimonYe ZhengDeng TianlinLiu Hongbin SUPERVISORSLiao Hongyu, ChairmanHu YunyunZheng Yabo JOINT COMPANY SECRETARIESXing ZhoujinChen Yingjie AUTHORISED REPRESENTATIVESWang HongXing Zhoujin MEMBERS OF AUDIT COMMITTEE Fung Ching, Simon, Committee ChairmanYe ZhengLiu Hongbin MEMBERS OF REMUNERATION COMMITTEE Deng Tianlin, Committee ChairmanFung Ching, SimonRen Kai MEMBERS OF NOMINATION COMMITTEE Fung Ching, Simon, Committee ChairmanWang HongDeng Tianlin MEMBERS OF STRATEGIC COMMITTEE Fung Ching, Simon, Committee ChairmanWang HongDeng TianlinYe ZhengRen Kai LEGAL ADDRESS AND HEAD OFFICE Office Building of Meilan AirportHaikou CityHainan Province, the PRC 27222204 PLACE OF BUSINESS IN HONG KONG Room 2204, 22/F, Fu Fai Commercial Centre27 Hillier StreetSheung Wan, Hong Kong AUDITOR 1366B Pan-China Certified Public Accountants LLP Recognised Public Interest Entity AuditorTower B, China Resources Building, 1366 Qianjiang RoadShangcheng District, Hangzhou, China CORPORATE INFORMATION PRINCIPAL BANKERBank of China Haikou Jinyu Sub-branch1/F, Geology Building88 Nansha RoadHaikou CityHainan Province, the PRC 88 56 China Everbright Bank Haikou Yingbin Sub-branch1/F Longquan Garden56 Longkun South RoadHaikou CityHainan Province, the PRC H183171712–1716 H SHARE REGISTRAR AND TRANSFER OFFICE Computershare Hong Kong Investor Services LimitedRooms 1712–171617th Floor Hopewell Centre183 Queen’s Road EastWanchai, Hong Kong 00357 STOCK CODE00357 FINANCIAL HIGHLIGHTS The board (the “Board”) of directors (the “Directors”) of Hainan MeilanInternational Airport Company Limited (the “Meilan Airport” or the “Company”together with its subsidiaries, the “Group”) is pleased to announce the operationresults of the Company for the six months ended 30 June 2025, and the unauditedfinancial results reviewed by the audit committee of the Company (the “AuditCommittee”) together with the prospects for the second half of 2025. MANAGEMENT DISCUSSION AND ANALYSIS 1,079,263,0166.09%62,307,669256,552,62370,202,444248,045,3300.150.5278,555,0383.43%4.05%28,033,36541,980,874 For the six months ended 30 June 2025, the Group’s total revenue amountedto RMB1,079,263,016, representing a decrease of 6.09% as compared to thecorresponding period of 2024; net loss after tax amounted to RMB62,307,669 (thecorresponding period of 2024: net loss of RMB256,552,623). Net loss attributableto shareholders amounted to RMB70,202,444 (the corresponding period of 2024:net loss attributable to shareholders of loss per share of RMB248,045,330); lossper share amounted to RMB0.15 (the corresponding period of 2024: loss per shareamounted to RMB0.52). The decrease in net loss was mainly due to the provisionfor compensation payable for an arbitration case (the “Arbitration Case”) duringthe corresponding period of 2024. Excluding the impact of the Arbitration Case, theGroup’s net loss for the first half of 2025 increased by RMB78,555,038 as comparedto the corresponding period last year, which are mainly due to: first, a decline inMeilan Airport’s operational metrics, with aircraft takeoff and landing throughputand passenger throughput decreasing by 3.43% and 4.05% respectively year-on-year, which led to aviation-related revenue decreasing by RMB28,033,365 year-on-year; second, factors such as decline in passenger spending intentions resulted in ayear-on-year decrease in non-aviation revenue of RMB41,980,874. OPERATING ENVIRONMENTCivil Aviation Industry of China 783.53.7478.411.4%6%14.6% In the first half of 2025, China’s civil aviation industry adhered to the overarchingprinciple of seeking progress while maintaining stability, fully and accuratelyimplementing the new development concept in a comprehensive manner, andserving the construction of a new development pattern, firmly establishing theconcept of safe development, actively serving the expansion of domestic demandand opening up to the outside world, effectively responding to external shocks,deepening reforms in key areas, and continuously improving operational efficiencyand service quality. As a result, the civil aviation industry achieved new resultsin high-quality development. The whole industry exhibited the