Xiamen Airport (stock code: 600897) is a listed company focusing on providing comprehensive ground support services. Its main business includes providing passenger and cargo services to domestic and foreign air transport companies, as well as leasing commercial and office space in the terminal. The 2023 three-quarter report shows that the company's business continues to fly in tandem, and both aviation and non-aviation businesses have achieved steady growth.
In terms of assets and liabilities, the total assets of Xiamen Airport increased by 5.25% from 4.919 billion yuan at the end of the previous year to 5.177 billion yuan at the end of the reporting period. Total debt declined slightly, from $864 million at the end of the previous year to $861 million at the end of the reporting period. Net assets increased from 4,054 billion yuan at the end of the previous year to 4.316 billion yuan, reflecting the increase in the company's net worth. The balance ratio decreased from 17.57% at the end of the previous year to 16.63%, indicating further optimization of the company's financial structure.
In terms of profit performance, the revenue of Xiamen Airport increased sharply from 756 million yuan in the same period last year to 1,248 billion yuan, with a growth rate of 65.05%. This increase was mainly due to a significant increase in the company's passenger throughput, which reached 17.9 million passengers, an increase of 131% over the previous year. Operating profit and net profit also increased significantly, rising to 388 million yuan and 287 million yuan respectively in the same period last year of 577.14,800 yuan and 36.3852 million yuan. Significant increases in gross margin and net margin, from 3.34% and 4.81% in the same period last year to 33.31% and 22.97%, respectively, highlighted a significant increase in the company's profitability.
In terms of cash flow, net cash flow from operating activities surged from 74.3732 million yuan in the same period last year to 403 million yuan, with a growth rate of 441.93%. This change is mainly due to continued increase in operating income and improvement in operating efficiency. The total cash inflow from operating activities increased from 881 million yuan in the same period last year to 1.28 billion yuan, while the cash outflow subtotal increased from 796 million yuan to 877 million yuan. The overall growth rate of cash inflows exceeded cash outflows, reflecting the company's good cash flow management.
Overall, Xiamen Airport performed well in the third quarter of 2023. The company has not only achieved significant growth in operating income and net profit, but its profitability and cash flow situation have also improved markedly. The increase in return on net assets (ROE) increased from 2.55% in the same period last year to 6.85%, further proving the increase in the company's profit level and ability to return capital.
For investors, Xiamen Airport's financial report shows its strong market competitiveness and good growth potential. When considering investment decisions, investors should comprehensively consider the company's business model, market position, financial health, and future development prospects. The steady performance of Xiamen Airport in the field of air transport services and the expansion of non-aviation business have provided a solid foundation for its long-term development. In the current market environment, Xiamen Airport's stock may be an investment target worth paying attention to.
This article only represents the judgments made by analysts themselves or analysts based on AI analysis. It cannot be used as an investment indicator, nor does it constitute any investment advice. The original purpose of this article was to help investors analyze and judge capital market data in the most intuitive and fastest way and from the most professional perspective.