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Hainan Meilan International Airport Company Limited Class H

Hainan Meilan International Airport Company Limited Class H

HHKEX:357
3.63
HKD
+0.05
(+1.26%)
5.06BMarket Cap
Apr 01Next Earn
Hainan Meilan International Airport Company Limited Class H
HKEX:357
(Hong Kong Exchange)

Recent

price

3.63

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.03
1.19
1.45
1.61
1.86
2.25
2.55
3.11
3.6
3.33
2.89
3.39
2.41
4.41
4.59
4.24
- -
Revenue per Share
0.5
0.61
0.63
0.72
0.71
0.93
0.83
1.02
1.31
1.22
-2.83
1.62
-0.33
-0.29
-0.81
-0.59
- -
Basic EPS, GAAP
0.78
0.15
0.43
0.98
-0.67
-2.51
-0.63
1.64
-0.45
-1.03
-1.85
1.08
0.14
0.42
0.64
- -
- -
Free Cash Flow per Basic Share
0.32
0.3
0.21
0.41
0.45
0.57
0.63
0.66
0.62
0.36
0.31
0.21
0.28
0.18
0.18
0.15
- -
Dividend per Share
4.32
4.66
5.12
5.61
6.08
6.83
7.81
8.57
9.58
10.8
7.96
9.58
9.32
9.03
8.58
8.04
8.04
Book Value per Share
4
4.35
4.82
5.21
5.69
5.18
7.44
6.21
7.23
8.46
5.63
7.33
7.1
6.85
6.43
5.9
5.9
Tangible Book Value per Share
473
473
473
473
473
473
473
473
473
473
473
473
473
473
473
473
473
Basic Weighted Avg Shares
487
565
684
760
882
1,063
1,209
1,470
1,704
1,576
1,370
1,606
1,141
2,086
2,171
2,007
- -
Sales/Revenue/Turnover
48.23
47.58
53.15
54.86
55.84
55.52
56.73
51.19
52.45
47.43
7.18
46.7
-10.54
-3.41
-0.3
-12.16
- -
Operating Margin (%)
59
60
54
55
63
66
95
127
180
179
178
221
399
873
867
- -
- -
Depreciation Expense
238
290
298
342
334
439
393
484
622
575
-1,340
765
-155
-136
-381
-279
- -
Net Income, GAAP
5.03
10.71
12.47
11.85
23.05
23.12
25.4
24.13
23.95
24.7
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
48.88
51.3
43.56
44.99
37.85
41.26
32.51
32.96
36.51
36.5
-97.87
47.65
-13.61
-6.52
-17.57
-13.9
- -
Profit Margin (%)
966
293
972
2,681
1,312
-157
-510
28
-3,176
-3,113
-6,238
-5,663
-5,520
-5,694
-3,424
-2,789
-2,789
Working Capital
4
399
1,074
2,481
2,040
1,728
2,587
2,373
- -
2
87
65
- -
545
1,773
1,961
1,961
LT Debt
2,052
2,216
2,439
2,669
2,891
3,251
3,728
4,092
4,572
5,153
3,811
4,566
4,407
4,238
4,051
3,802
3,802
Total Equity
11.97
11.39
9.53
7.74
6.25
7.42
5.88
7.31
9.11
7.43
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
11.73
12.68
11.19
9.15
7.54
7.92
6.89
8.89
10.77
7.85
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
11.94
13.64
12.88
13.48
12.08
14.37
11.35
12.5
14.48
11.93
-30.2
18.43
-3.47
-3.13
-9.16
-7.09
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
1,272
1,186
1,059
LT Borrowings
1,773
1,758
1,961
LT Finance Leases
- -
642
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
473
473
473
Market Capitalization
4,091
4,621
4,550

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
936
865
660
Cash, Cash Equivalents & STI
541
508
282
Accounts Receivable, Net
337
301
310
Inventories
1
1
1
Total Current Liabilities
4,360
4,110
3,449
Payables & Accruals
- -
- -
- -
ST Debt
1,272
1,186
1,059
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.48%
0.39%
-6.14%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-43.54%
-27.24%
-26.86%
Sales/Revenue/Turnover
9.82%
13.52%
-7.57%
Total Cash Common Dividend
-9.58%
-9.93%
-16.07%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,086
2024
- -
- -
2,171
2025
- -
- -
2,007

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.29
2024
- -
- -
-0.81
2025
- -
- -
-0.59

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.18
2024
- -
- -
0.18
2025
- -
- -
0.15
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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.