Financial Performance - The company reported a profit attributable to equity holders of RMB 2,421,114 thousand for the year 2018[8]. - Basic and diluted earnings per share were RMB 0.8 in 2018, compared to RMB 0.56 in 2017, reflecting a growth of 42.86%[8]. - Total revenue for the group in 2018 was approximately RMB 7,472.1 million, an increase of about RMB 737.9 million or 11.0% compared to RMB 6,734.2 million in 2017[29]. - The pre-tax profit for the group in 2018 was approximately 2,650.4 million RMB, an increase of about 0.7% compared to 2017[28]. - The net profit attributable to the company’s owners was approximately 2,325.1 million RMB, marking an increase of about 3.4% compared to 2017[28]. - The group’s basic and diluted earnings per share for 2018 were 0.79 RMB[28]. - Operating profit decreased from approximately RMB 2,473.4 million in 2017 to approximately RMB 2,319.4 million in 2018, a decline of about RMB 154.0 million or 6.2%[31]. - The distributable profit available for dividends as of December 31, 2018, was RMB 6,885.2 million, up from RMB 6,014.4 million as of December 31, 2017[35]. Assets and Liabilities - Total assets reached RMB 25,000,000 thousand as of December 31, 2018[8]. - The asset-liability ratio of the group was approximately 21.2% as of December 31, 2018, down from 23.0% in 2017[53]. - The company has no short-term or long-term bank loans as of December 31, 2018, and has not used any financial instruments for hedging purposes[38]. - The total cash and cash equivalents as of December 31, 2018, amounted to RMB 4,346.5 million, with 93.7% in RMB, 4.7% in USD, and 0.4% in HKD[38]. Employee and Operational Metrics - The company employed 7,411 staff members as of the end of 2018[7]. - The total number of employees in the group as of December 31, 2018, was 7,411, with labor costs amounting to approximately RMB 1,818.4 million, representing about 35.3% of the total operating costs for the year[54]. - Employee training sessions totaled 198, with 9,531 participants, including 405 senior management employees[114]. - The group maintains a total employee count of 7,411, with a focus on equal opportunity and diversity in hiring practices[113]. Business Operations and Services - The company is a leading provider of information technology solutions for the aviation tourism industry in China, focusing on electronic transactions and management of travel-related information[5]. - In 2018, the company processed approximately 643.9 million flight bookings for domestic and international commercial airlines, representing a growth of about 9.8% compared to 2017[16]. - The company provided electronic travel distribution services to 41 Chinese commercial airlines and over 350 foreign and regional airlines, achieving a direct connection with 149 foreign and regional airlines[16]. - The self-service check-in system (CUSS) was used in 183 major airports, and online check-in services were launched in 316 airports, processing approximately 296 million outbound passengers[17]. - The company has successfully introduced its low-cost airline solution to its first customer, Cambodia Sky Angkor Airlines[17]. Research and Development - In 2018, the company invested RMB 658.5 million in research and development, with a total R&D team of 3,512 members[102]. - The company has implemented a three-year rolling plan for technological research and development from 2017 to 2019, focusing on standardized management of R&D projects[101]. - The company has achieved full coverage of ISO9001 quality management, ISO20000 IT service management, and ISO27001 information security management systems[97]. Corporate Governance - The board of directors consists of nine members, including three independent directors, with the chairman being Mr. Cui Zhixiong[57]. - The company fully complied with the corporate governance code during the 2018 fiscal year[55]. - The company has established a strategic and investment committee to enhance governance and oversight[57]. - The company has implemented internal management systems to ensure compliance with legal and regulatory requirements, including a standard code for securities trading[69]. Environmental and Social Responsibility - The total greenhouse gas emissions for the year 2018 amounted to 54,051.6 tons, with a greenhouse gas emission density of 0.07 tons per ten thousand yuan of revenue[136]. - The company invested 3.03 million RMB in poverty alleviation projects, benefiting over 6,300 people[143]. - The company achieved 100% recovery of electronic waste through licensed recycling companies[138]. - The company planted 1,452 trees at the Beijing Houshayu data center to reduce greenhouse gas emissions and protect the ecological environment[142]. Related Party Transactions - The company has established management measures for related party transactions, including identification, management, monitoring, approval, and disclosure[175]. - The company reported a transaction amount of RMB 659,781,000 with China Southern Airlines for the year 2018, against an annual cap of RMB 719,966,000[180]. - The company has renewed service framework agreements with ten related parties for the period 2019-2021[187]. - The company is actively engaged in ongoing related party transactions as a primary source of revenue[179].
中国民航信息网络(00696) - 2018 - 年度财报