Hainan Meilan International Airport Company Limited Class H
HHKEX:3573.59
HKD
-0.05
(-1.51%)
ISIN
CNE1000003B2
Return %
Stock
S&P 500
1Y
-66.12
14.20
3Y
-42.18
81.12
5Y
-88.13
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Hong Wang
- Full Time Employees
- 4,115
- Sector
- Transportation
- Industry
- Other transportation
- Address
- Office Building of Meilan Airport Haikou HA China 571126
- IPO Date
- Nov 6, 2002
- Website
- mlairport.com
- Similar Companies
- Business
- Hainan Meilan International Airport Company Limited (357:HK) operates Haikou Meilan International Airport in Haikou City, Hainan Province, People's Republic of China, providing aeronautical and non-aeronautical services. The company offers aeronautical services including terminal facilities, ground handling, passenger services, and fees for aircraft takeoff and landing; non-aeronautical services encompassing leasing of commercial and retail spaces, franchise of airport-related businesses, advertising space leasing, car parking, cargo handling, sale of consumable goods, hotel operations, VIP rooms, freight and packaging, and rental income. Incorporated on December 28, 2000, as a joint stock company with limited liability and headquartered at Meilan Airport, Haikou, it functions as a subsidiary of Haikou Meilan International Airport Co., Ltd., which holds approximately 50.19% of its shares, and listed on the Hong Kong Stock Exchange in 2002. The company serves domestic and international travelers, airlines, and logistics operators, connecting 155 cities across China and 24 international/regional destinations plus 7 freight points as of 2024, with 54 airlines operating 284 routes including 6 international freight routes. In 2024, passenger throughput reached 26.89 million (up 10.5% year-over-year), aircraft movements hit 186,117 (up 7.9%), and cargo/mail volume was 209,336 tons (up 19.7%), driving aeronautical revenue to RMB1.08 billion and non-aeronautical to RMB1.09 billion for total revenue of RMB2.17 billion. Recent developments include a October 2024 joint venture with Changi Airports International, where the company holds 51% and CAI 49%, granting exclusive 10-year management of non-aeronautical operations such as retail, food & beverage, advertising, leisure, and CIP services starting January 2025 to enhance consumer spending and transform the airport into an integrated hub. In 2024-2025, it secured a new RMB6.36 billion syndicated loan with China Development Bank Hainan Branch and ICBC Haikou Jiangdong Sub-branch over 20 years, using RMB4.78 billion to repay prior debt and RMB1.59 billion for Phase II Expansion Project completion, resolving joint repayment commitments. The company advanced Phase II Expansion, launched intelligent systems like a data center, Smart Energy Management, Harbours Stands Management, and AI via DeepSeek-R1 model, expanded routes by 76 including 11 international/regional and 6 freight, and resolved 2024 arbitration cases via settlement.