Shanghai International Airport (600009) H2 2024 earnings summary

Executive summary

• Revenue reached ¥12.37 billion in 2024, up 11.97% year-over-year, with net profit attributable to shareholders rising 107.05% to ¥1.93 billion.

• Accelerated recovery in Shanghai's aviation market drove record hub operations and improved business performance.

Financial highlights

• Operating profit increased 97.24% year-over-year to ¥2.72 billion.

• Total profit rose 95.57% to ¥2.71 billion compared to the same period last year.

• Basic EPS doubled to ¥0.78, up 105.26% year-over-year.

• Net assets per share increased 2.76% to ¥16.74 at year-end.

Outlook and guidance

• Continued strong recovery in passenger and cargo throughput expected to support future growth.