Shenzhen Airport Co., Ltd. Class A

Shenzhen Airport Co., Ltd. Class A

SSZSE:000089
6.40
CNY
+0.05
(+0.79%)
0.46EPS
13.11P/E
12.37BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.51
1.76
1.55
1.48
1.62
1.75
1.86
1.46
1.61
1.3
2.03
2.31
2.5
2.56
Basic EPS, GAAP
0.3
0.16
0.27
0.27
0.32
0.33
0.29
0.01
-0.02
-0.55
0.19
0.22
0.26
0.46
Free Cash Flow per Basic Share
0.01
0.32
0.54
0.43
0.41
0.14
-0.42
-1.16
-0.29
-0.24
0.27
0.68
0.66
- -
Dividend per Share
0.03
0.06
0.06
0.05
0.08
0.1
0.08
0.08
- -
0.11
0.07
0.17
0.17
0.36
Book Value per Share
4.55
4.67
4.99
5.21
5.45
5.67
5.88
5.81
5.8
5.23
5.42
5.54
5.67
5.87
Tangible Book Value per Share
4.39
4.53
4.87
5.09
5.33
5.55
5.76
5.69
5.66
5.08
5.28
5.35
5.51
5.71
Basic Weighted Avg Shares
1,691
1,692
1,905
2,050
2,051
2,051
2,051
2,049
2,050
2,051
2,051
2,051
2,051
2,051
Sales/Revenue/Turnover
2,546
2,973
2,953
3,036
3,320
3,599
3,807
2,997
3,306
2,671
4,165
4,739
5,128
5,245
Operating Margin (%)
28.81
15.75
26.11
22.17
23.03
20.54
18.64
-0.32
1.81
-40.53
9.28
16.57
16.22
16.73
Depreciation Expense
232
475
470
465
464
476
452
422
638
1,141
1,100
1,011
1,072
- -
Net Income, GAAP
500
268
522
562
661
668
594
28
-34
-1,124
397
443
525
943
Effective Tax Rate (%)
26.41
21.57
27.93
23.86
24.02
22.2
22.07
27.09
- -
- -
25.1
23.72
21.44
21.42
Profit Margin (%)
19.64
9.01
17.67
18.52
19.92
18.56
15.6
0.94
-1.04
-42.08
9.53
9.35
10.24
17.98
Working Capital
-353
-374
467
1,183
1,910
2,202
1,313
-1,068
407
-1,408
241
2,036
3,123
4,154
LT Debt
2,335
1,811
- -
- -
- -
- -
- -
3,737
10,676
10,351
10,089
9,470
10,052
9,810
Total Equity
7,724
7,923
10,255
10,720
11,220
11,657
12,079
11,939
11,903
10,732
11,119
11,371
11,647
12,161
Return on Invested Capital (%)
5.11
2.64
5.22
5.43
6.12
5.93
5.58
0.29
- -
- -
1.75
2.07
2.38
4.34
Return on Capital (%)
5.23
3.45
5.4
5.24
5.57
5.38
4.9
0.12
- -
- -
3.16
3.3
3.69
5.54
Return on Common Equity (%)
6.65
3.43
5.76
5.38
6.05
5.86
5.01
0.23
-0.29
-9.94
3.63
3.94
4.57
8.01

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
526
516
490
LT Borrowings
3,411
3,192
3,087
LT Finance Leases
6,641
6,792
6,723
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,051
2,051
2,051
Market Capitalization
14,335
13,761
12,366

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,423
6,451
6,290
Cash, Cash Equivalents & STI
4,292
4,801
4,939
Accounts Receivable, Net
805
829
802
Inventories
10
10
10
Total Current Liabilities
2,300
2,452
2,135
Payables & Accruals
- -
- -
- -
ST Debt
526
516
490
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.37%
-0.37%
2.43%
Free Cash Flow
-47.45%
-32.52%
-2.52%
Net Income, GAAP
275.58%
567.17%
18.55%
Sales/Revenue/Turnover
7.41%
13.81%
8.21%
Total Cash Common Dividend
340.02%
668.46%
-3.04%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,128
1,122
1,215
1,274
4,739
2025
1,255
1,273
- -
1,289
5,128
2026
1,344
1,339
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.04
0.07
0.06
0.22
2025
0.08
0.07
- -
0.03
0.26
2026
0.13
0.23
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.11
0.03
0.03
0.17
2025
0.01
0.15
- -
- -
0.17
2026
0.03
0.18
- -
- -
- -

Company Description

CEO
Feng Liu
Full Time Employees
5,698
Sector
Transportation
Industry
Other transportation
Address
Building A Shenzhen GD China 518128
IPO Date
Apr 20, 1998
Business
Shenzhen Airport Co., Ltd. (000089.SZ) operates and manages Shenzhen Bao'an International Airport, a key aviation hub in the Guangdong-Hong Kong-Macao Greater Bay Area of China; its core activities encompass aviation ground support and agency services including aircraft takeoff and landing coordination, parking support, flight control, runway and facility maintenance, passenger boarding and arrival/departure handling, aircraft maintenance, cargo ground handling; aviation logistics such as air cargo processing, terminal operations, logistics park leasing and management, air freight forwarding; and non-aviation value-added services like advertising in terminals, commercial leasing, retail, and property development. Founded in 1991 and headquartered in Shenzhen, China, the company functions as a subsidiary of Shenzhen Airport (Group) Co., Ltd., a state-owned entity established in 1989, serving domestic and international passengers, airlines, cargo operators, and commercial tenants primarily in southern China with expanding global connectivity. In recent developments, it signed a Sister Airport agreement in September 2025 with Hamad International Airport in Doha, Qatar, fostering collaboration on market insights, route planning, technology adoption, and enhanced passenger and cargo flows between China, the Middle East, and beyond, amid Shenzhen Airlines' launch of direct Doha-Shenzhen flights in October 2024 and growing e-commerce-driven cargo throughput exceeding 1.8 million tons in 2024; the airport also advanced infrastructure with ongoing construction of a third runway, Terminal 2, North Cargo Area, and other expansions under its "3+3+3+1" master plan, achieving record passenger traffic of over 61 million in 2024.