China Civil Aviation Information Network (00696) rose more than 5%. As of press release, it had risen 5.15% to HK$9.59, with a turnover of HK$28.9317 million.
The Zhitong Finance App learned that China Civil Aviation Information Network (00696) rose by more than 5%. As of press release, it had risen 5.15% to HK$9.59, with a turnover of HK$28.9317 million.
According to the news, CICC recently pointed out that according to the Civil Aviation Administration's expectations, in 2024, China's civil aviation industry will strive to complete passenger traffic of 690 million passengers, an increase of about 11% over the previous year; international flights will return to 80% before the epidemic by the end of 2024. Management expects the company's AIT business to benefit from the continued steady recovery of the civil aviation industry this year. The company's system integration business experienced a sharp year-on-year decline in 2023, mainly due to unbalanced airport project commencement and progress. Management expects revenue from this business to increase in 2024.
Furthermore, equity incentives continue to advance. On December 28, 2023, the company issued a proposal to adopt the third phase of the Stock Value-added Rights Plan. Since the prerequisites were not met, the plan was not submitted to the Extraordinary General Meeting of Shareholders to be held on January 25, 2024. Management believes that equity incentives are an important part of state-owned enterprise reform and can have a good incentive effect on core key talents. The company will steadily promote equity incentives this year in accordance with regulatory regulations.