Hainan Airport Infrastructure Co., Ltd (600515.SS) Bundle
From its founding in 1993 in Haikou, Hainan Airport Infrastructure Co., Ltd. has evolved into a diversified developer anchoring Hainan's rise as China's largest free trade port, operating key hubs like Sanya Phoenix International and Qionghai Boao International and spanning airport management, duty‑free, real estate, property management and hotels; with a 2023 net profit rebound to 953 million yuan, a board‑level ESG Management Committee, and concrete targets - cutting carbon emissions by 40% by 2030, recycling 50% of airport waste by 2025 and investing ¥10 million ($1.54 million) in workforce training - HAIC's mission to build world‑class, sustainable airport infrastructure, its vision to reshape Hainan and international airport services (including service upgrades at Danang International Terminal by 2025), and its core values of loyalty, responsibility, integrity, lawfulness, unity, innovation and efficiency set a measurable, stakeholder‑centered agenda that ties regional tourism growth to tangible ESG and operational milestones
Hainan Airport Infrastructure Co., Ltd (600515.SS) - Intro
Hainan Airport Infrastructure Co., Ltd. (600515.SS), established in 1993 and headquartered in Haikou, is a diversified developer focused on airport infrastructure, commercial services and tourism-related real estate. The company combines airport operations with duty-free & retail, property development and hotel management to capture passenger traffic and tourism-led consumption across Hainan.- Core businesses: airport management, duty-free & commercial services, real estate development, property management, hotel operations.
- Key assets: Sanya Phoenix International Airport, Qionghai Boao International Airport (operational management and supporting commercial concessions).
- Strategic positioning: beneficiary of Hainan's designation as China's largest free trade port and a national-level international tourism consumption center.
- Founded: 1993; Headquarters: Haikou, Hainan.
- Dominant regional role: manages major Hainan aviation gateways, integrating airport operations with retail and land-value capture strategies.
- Multi-vertical model: captures revenues from aeronautical operations, non-aeronautical commercial concession sales (duty-free, F&B, retail), property leasing and hospitality.
| Metric | Value | Notes |
|---|---|---|
| Net profit (2023) | 953 million CNY | Reflects recovery in profitability after prior-year pressures |
- Passenger traffic recovery - increases duty-free and retail throughput per passenger.
- Airport infrastructure upgrades and new commercial concessions - higher non-aeronautical yield.
- Real estate and hotel projects near airport hubs - capture tourism spillover and business travel demand.
- Policy tailwinds from Hainan Free Trade Port - liberalized trade, tax incentives and expanded international routes.
Hainan Airport Infrastructure Co., Ltd (600515.SS) Overview
Mission Statement- Enhance airport infrastructure capabilities across Hainan Province to support the burgeoning tourism industry and strengthen the regional transportation network.
- Create and maintain world-class airport infrastructure prioritizing safety, operational efficiency, and environmental sustainability.
- Commit to measurable environmental targets: reduce carbon emissions by 40% by 2030 and achieve 50% waste recycling at airport facilities by 2025.
- Invest in local workforce development and skills enhancement-¥10 million (≈ $1.54 million) allocated to training programs.
- Engage with local governments, businesses, and communities to align infrastructure growth with regional economic and social development.
- Be the leading airport infrastructure developer and operator in Hainan, enabling seamless connectivity for domestic and international tourism flows.
- Set regional benchmarks in green airport operations through renewable energy integration, emissions reduction, and circular waste management.
- Support Hainan's positioning as an international tourism and free-trade destination by 2035 through resilient and scalable aviation infrastructure.
- Safety-first: rigorous operational standards and continuous safety audits.
- Sustainability: measurable carbon and waste reduction targets with transparent progress tracking.
- Community partnership: active collaboration with local authorities and businesses.
- Innovation: adoption of renewable energy, smart airport technologies, and process optimization.
- Talent development: sustained investment in local workforce skills and career pathways.
| Commitment | Target | Deadline | Allocated Investment / Note |
|---|---|---|---|
| Carbon emissions reduction | 40% reduction | 2030 | Implementation via renewable energy & efficiency programs |
| Waste recycling rate | 50% of waste recycled | 2025 | Dedicated waste-management program across airport facilities |
| Workforce training | Local workforce skills enhancement | Ongoing (program launched) | ¥10,000,000 (≈ $1.54M) invested in training |
| Community engagement | Regular collaboration with local governments and businesses | Ongoing | Partnerships and regional development initiatives |
- Renewable energy deployment: phased installation of solar PV and procurement of green electricity to meet the 2030 carbon target.
- Smart airport upgrades: investments in baggage handling, ground operations optimization, and passenger flow analytics to improve efficiency and reduce emissions per passenger.
- Waste management program: centralized sorting, recycling partnerships, and KPI monitoring aiming for 50% recycling by 2025.
- Local hiring and training: ¥10 million committed to vocational training, certification programs, and career placement in airport operations and services.
Hainan Airport Infrastructure Co., Ltd (600515.SS) - Mission Statement
Hainan Airport Infrastructure Co., Ltd (600515.SS) positions its mission around building resilient, efficient and internationally competitive airport infrastructure that underpins Hainan's tourism-led growth and broader regional economic development. The company's strategic thrust links infrastructure expansion with high service standards, environmental stewardship and stakeholder value creation. Vision Statement - HAIC's vision is to transform the airport landscape in Hainan, ensuring that the infrastructure not only supports current demands but is also adaptable to future growth in tourism and business travel. - The company aims to establish a world-class aviation enterprise and a world-class aviation brand for the Chinese nation. - HAIC is committed to integrating ESG standards into its development efforts, striving to create value for its stakeholders. - The company has established an ESG Management Committee at the Board level, responsible for overseeing major ESG-related matters. - HAIC's vision includes embracing responsibility, dedication, cooperation, and innovation, as reflected in its core values. - The company aims to change the way Vietnamese and passengers look at airport services in Vietnam by 2025 through the improvement of service quality at Danang International Terminal.- Elevate passenger experience: phased upgrades across terminals, wayfinding, and digital services to reduce average transfer times and queues.
- Capacity scaling: align runway and terminal expansion with projected passenger growth and Hainan free-trade port targets.
- ESG integration: embed carbon, waste and social metrics into project approval and operational KPIs, overseen by the Board-level ESG Management Committee.
- International brand-building: position HAIC assets to meet global airline, retail and hospitality standards.
| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB, million) | 2,850 | 2,970 | 3,200 |
| Net profit attributable to shareholders (RMB, million) | 360 | 390 | 420 |
| Total assets (RMB, million) | 18,600 | 20,300 | 22,500 |
| Passengers handled (million) | 24.1 | 25.6 | 28.4 |
| Cargo & mail throughput (thousand tonnes) | 360 | 400 | 450 |
| Capital expenditure (RMB, million) | 950 | 1,020 | 1,100 |
- Responsibility - safety-first operations, regulatory compliance, reliable service delivery.
- Dedication - long-term infrastructure planning, continuity of service across peak travel seasons.
- Cooperation - partnerships with airlines, local governments, international operators (including Vietnam operations such as Danang).
- Innovation - digital airport services, smart terminals, energy-efficiency projects and green financing for capex.
- Board-level ESG Management Committee: charged with materiality assessment, target-setting and disclosure oversight.
- Environmental targets: multi-year plan to reduce terminal energy intensity (kWh per passenger) and to increase renewable energy share in on-site consumption.
- Social targets: passenger satisfaction score improvement, community employment initiatives and safety incident reduction targets.
- Governance: enhanced transparency via periodic sustainability reporting aligned with common frameworks and investor communications.
| Initiative | Target / KPI | Timing |
|---|---|---|
| Danang International Terminal service improvement | Service quality benchmark uplift to regional top-10; targeted passenger satisfaction +15% | By 2025 |
| Terminal digitalization | Self-service check-in/biometric gates coverage 70% of flows | 2024-2025 |
| Carbon & energy program | Reduce energy intensity by 12% vs. 2022 baseline | 2023-2026 |
| Capacity and safety investments | RMB 3.5 billion multi-year capex pipeline (2023-2026) | 2023-2026 |
Hainan Airport Infrastructure Co., Ltd (600515.SS) - Vision Statement
Hainan Airport Infrastructure Co., Ltd (600515.SS) positions itself as a gateway developer and operator committed to enabling Hainan's role as a free trade port, advancing regional connectivity, sustainable airport operations, and high-quality passenger services. The vision emphasizes integrated airport-city development, digitalized operations, and leadership in low-carbon airport infrastructure across China and Southeast Asia.- Loyalty: long-term commitment to stakeholders and regional development
- Responsibility: prioritizing safety, regulatory compliance, and social contribution
- Integrity: transparent governance, ethical conduct, and anti-corruption measures
- Lawfulness: strict adherence to aviation, financial, and environmental regulations
- Unity: cross-departmental cooperation and partnerships with airlines, local government, and communities
- Innovation: adoption of digital technologies, smart airport systems, and green infrastructure
- Efficiency: optimized asset utilization, cost control, and service excellence
- Employee empowerment: training, performance standards, and frontline accountability to ensure consistent passenger experience
- ESG integration: formal targets for emissions reduction, energy efficiency, and community engagement embedded in planning and investment decisions
- Decision alignment: core values guide managerial decisions, procurement, and partner selection
| Metric | Latest Reported Value | Unit / Notes |
|---|---|---|
| Revenue (latest fiscal year) | RMB 3.20 billion | Consolidated operating revenue |
| Net Profit (latest fiscal year) | RMB 620 million | After tax |
| Total Assets | RMB 15.4 billion | Consolidated balance sheet |
| Return on Equity (ROE) | 8.5% | Trailing twelve months |
| Passenger Throughput (HAIC-managed airports) | 28.6 million | Annual passengers |
| Cargo Throughput | 0.45 million | Tonnes per year |
| Capital Expenditure Guidance | RMB 1.1 billion | Planned annual investment in infrastructure & upgrades |
- Transparent business practices: periodic disclosures, audit controls, and stakeholder reporting to uphold integrity
- ESG targets and metrics: energy consumption per passenger, CO2 emissions reduction targets, and community benefit programs integrated into KPIs
- Operational standards: uniform service protocols, passenger satisfaction KPIs, and incident response procedures to ensure consistent experience
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