Beijing Capital International Airport Company (694) Q1 2025 earnings summary

Executive summary

• Report covers unaudited financial results for the three months ended 31 March 2025, prepared under PRC Accounting Standards.

• Net loss narrowed to RMB 125 million from RMB 149 million year-over-year.

• Operating revenue increased slightly to RMB 1.34 billion from RMB 1.33 billion year-over-year.

Financial highlights

• Operating revenue: RMB 1,344.5 million, up from RMB 1,330.9 million year-over-year.

• Net loss: RMB 125.0 million, improved from RMB 149.2 million year-over-year.

• Total assets: RMB 31.54 billion as of 31 March 2025, up from RMB 30.68 billion at year-end 2024.

• Total liabilities: RMB 18.21 billion, up from RMB 17.22 billion at year-end 2024.

• Cash and cash equivalents at period end: RMB 2.28 billion, up from RMB 1.60 billion year-over-year.

Key financial ratios and metrics

• Gross margin improved as cost of sales decreased to RMB 1.23 billion from RMB 1.27 billion year-over-year.

• Net cash generated from operating activities: RMB 420.3 million, compared to net cash used of RMB 113.3 million year-over-year.

• Net cash generated from financing activities: RMB 518.6 million, down from RMB 613.3 million year-over-year.