Hainan Meilan International Airport Company (0357) AI Stock Analysis

• Market Cap: HK$5.11B
• Dividend Yield: N/A
• Average Volume (3M): 1.74M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• Revenue Growth: 2.04%
• EPS Growth: -176.61%
• Country: HK
• Employees: 4,189
• Sector: Industrials
• Sector Strength: 90
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.16
• Shares Outstanding: 226,913,000
• 10 Day Avg. Volume: 1,895,528
• 30 Day Avg. Volume: 1,739,955
• PEG Ratio: 0.83
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$6.30
• Price Target Upside: -45.15% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 55 Neutral
• Price Target: HK$12.00 ▲(4.53%Upside)

The stock's overall score is primarily impacted by financial challenges, including negative profitability and high leverage. These are offset to some extent by strong technical indicators suggesting positive market momentum, though valuation concerns remain due to the negative P/E ratio.

Hainan Meilan International Airport Company Business Overview & Revenue Model

Company Description

Hainan Meilan International Airport Company Limited (0357) operates Hainan Meilan International Airport, located in Haikou, Hainan Province, China. The company is engaged in the management and operation of the airport, providing a range of aviation and non-aviation services. Its core services include the provision of airport facilities for passengers and airlines, as well as the management of commercial properties within the airport area.

How the Company Makes Money

Hainan Meilan International Airport Company makes money through a combination of aviation and non-aviation revenue streams. Aviation revenues are derived from fees charged to airlines, including landing and parking fees, passenger service charges, and security charges. Non-aviation revenues come from commercial activities, such as retail concessions, food and beverage sales, advertising, and car parking services. The company also generates income from property leasing and management within the airport's commercial zones. Strategic partnerships with airlines and retail brands, alongside the continuous development and expansion of airport facilities, contribute significantly to the company's earnings.

Hainan Meilan International Airport Company Financial Statement Overview

Summary

The company is struggling with profitability, as reflected by negative net income and high leverage. Despite some revenue growth, the financial health is moderate with significant challenges in reducing leverage and enhancing profitability.

Income Statement

Hainan Meilan International Airport Company has seen a significant decline in profitability over recent years. The gross profit margin has decreased, and the company is currently experiencing negative net income, indicating challenges in maintaining profitability. Although there was revenue growth from 2023 to 2024, the EBIT and EBITDA margins remain negative, reflecting ongoing operational difficulties. The overall income statement health is concerning, with profitability metrics indicating a need for strategic improvements.

Balance Sheet

The balance sheet shows moderate financial stability with a reasonable equity ratio of about 37%, but a relatively high debt-to-equity ratio of 0.92 in 2024, reflecting significant leverage. The return on equity has been negative, indicating a lack of profitability. The company has maintained a stable level of total assets, but the high debt levels pose a risk if not managed effectively. Overall, the balance sheet indicates moderate stability with potential risks due to leverage.

Cash Flow

The cash flow statement indicates some improvements, with positive free cash flow in 2024 and a strong operating cash flow to net income ratio, suggesting efficient cash operations. However, the free cash flow growth rate is not substantial enough to offset past negative trends. The free cash flow to net income ratio is positive, reflecting some recovery in cash-generating ability. Overall, the cash flow situation is moderately positive but requires careful monitoring to ensure sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.17B	2.09B	1.14B	1.61B	1.37B
Gross Profit	149.17M	38.45M	18.72M	734.27M	693.10M
EBITDA	323.81M	803.15M	251.55M	739.56M	-1.12B
Net Income	-381.44M	-136.01M	-155.30M	765.13M	-1.34B
Balance Sheet
Total Assets	10.98B	11.36B	10.64B	11.14B	11.08B
Cash, Cash Equivalents and Short-Term Investments	541.08M	203.65M	119.43M	212.12M	292.18M
Total Debt	3.74B	3.68B	100.00M	2.09B	2.44B
Total Liabilities	6.93B	7.12B	6.23B	6.57B	7.27B
Stockholders Equity	4.06B	4.27B	4.41B	4.53B	3.77B
Cash Flow
Free Cash Flow	304.30M	200.14M	65.12M	511.15M	-876.03M
Operating Cash Flow	729.89M	526.94M	174.04M	828.19M	463.97M
Investing Cash Flow	-425.52M	-326.69M	-106.22M	-316.38M	-1.34B
Financing Cash Flow	33.06M	-116.02M	-125.86M	-592.03M	-379.02M

Hainan Meilan International Airport Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0357, the sentiment is Positive. The current price of 11.48 is above the 20-day moving average (MA) of 10.86, above the 50-day MA of 10.58, and above the 200-day MA of 9.29, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 67.42 is Neutral, neither overbought nor oversold. The STOCH value of 33.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0357.

Hainan Meilan International Airport Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0517	75 Outperform	HK$8.41B	11.86	9.01%	10.99%	8.54%	20.14%
Sector *	75 Outperform	S$285.15M	5.67	8.10%	3.17%	15.22%	9.69%
3393	72 Outperform	HK$9.26B	12.14	13.34%	0.51%	18.17%	33.08%
1052	71 Outperform	$6.29B	8.83	5.60%	1.82%	-4.34%	-16.07%
0357	55 Neutral	HK$5.11B	―	-9.14%	―	2.04%	-176.61%
0694	50 Neutral	$13.74B	―	-9.81%	―	18.50%	20.08%
2169	48 Neutral	HK$5.44B	85.53	7.42%	0.25%	-27.29%	-5.99%

Hainan Meilan International Airport Company Corporate Events

Hainan Meilan Airport Announces Supervisor Resignation and By-Election Plans

Hainan Meilan International Airport Company Limited announced the resignation of Mr. Zheng Yabo from his role as a supervisor due to work relocation. His departure will temporarily reduce the Supervisory Committee’s membership below the legal requirement, but he will continue his duties until a new supervisor is elected. The company is committed to conducting a by-election promptly to fill the vacancy, ensuring compliance with the Company Law and its Articles of Association.

The most recent analyst rating on (HK:0357) stock is a Sell with a HK$6.30 price target. To see the full list of analyst forecasts on Hainan Meilan International Airport Company stock, see the HK:0357 Stock Forecast page.

Hainan Airport Infrastructure Advances in Acquisition of Hainan Meilan International Airport

Hainan Airport Infrastructure Co., Ltd. has partially satisfied the conditions required for acquiring a 50.19% shareholding in Hainan Meilan International Airport Company Limited. The acquisition process involves a possible unconditional mandatory cash offer to acquire all domestic shares not already owned by Hainan Airport Infrastructure Co., Ltd., and a similar offer for H shares by China International Capital Corporation Hong Kong Securities Limited on behalf of Hainan Airport Infrastructure (Hong Kong) Co., Limited. Several conditions have been met, including shareholder approvals and financing arrangements, but some conditions remain pending. Further announcements will be made as conditions are fulfilled.

The most recent analyst rating on (HK:0357) stock is a Sell with a HK$6.30 price target. To see the full list of analyst forecasts on Hainan Meilan International Airport Company stock, see the HK:0357 Stock Forecast page.

Hainan Airport Infrastructure Advances in Acquisition of Hainan Meilan International Airport

Hainan Airport Infrastructure Co., Ltd. has announced the partial satisfaction of conditions related to its acquisition of a 50.19% shareholding in Hainan Meilan International Airport Company Limited. This development is part of a larger plan involving possible unconditional mandatory cash offers to acquire all domestic and H shares of the company. The announcement indicates progress in the acquisition process, with several conditions already met, although some remain outstanding. The completion of this acquisition could significantly impact the company’s operations and market positioning, potentially affecting stakeholders involved.

The most recent analyst rating on (HK:0357) stock is a Sell with a HK$6.30 price target. To see the full list of analyst forecasts on Hainan Meilan International Airport Company stock, see the HK:0357 Stock Forecast page.

Hainan Meilan International Airport Company Passes All Resolutions at Annual General Meeting

Hainan Meilan International Airport Company Limited announced that all proposed resolutions were passed at its Annual General Meeting held on May 21, 2025. The meeting, chaired by Mr. Wang Hong, saw participation from various directors either in person or electronically. The resolutions, which included the approval of the work reports for the year ended December 31, 2024, were overwhelmingly supported by shareholders, indicating strong backing for the company’s strategic direction and operational performance.

The most recent analyst rating on (HK:0357) stock is a Sell with a HK$6.30 price target. To see the full list of analyst forecasts on Hainan Meilan International Airport Company stock, see the HK:0357 Stock Forecast page.

Hainan Meilan Airport Delays Composite Document Dispatch for Cash Offer

Hainan Meilan International Airport Company Limited announced a delay in the dispatch of a composite document related to a possible unconditional mandatory cash offer by Hainan Airport Infrastructure Co., Ltd. and China International Capital Corporation Hong Kong Securities Limited. The delay is due to the completion of certain conditions related to the Share Purchase Agreement, with the deadline extended to no later than 7 days after SPA Completion or February 6, 2026, whichever is earlier. This extension may impact the timeline of the acquisition process, potentially affecting stakeholders’ expectations.

The most recent analyst rating on (HK:0357) stock is a Sell with a HK$6.30 price target. To see the full list of analyst forecasts on Hainan Meilan International Airport Company stock, see the HK:0357 Stock Forecast page.

Hainan Meilan Appoints Independent Financial Adviser for Offers

Hainan Meilan International Airport Company Limited has appointed Octal Capital Limited as the Independent Financial Adviser to guide the Independent Board Committee on the fairness and reasonableness of the Offers related to the SPA and the Offers under the Takeovers Code. This strategic move aims to ensure transparent and informed decision-making regarding the Offers, although the completion of the Offers is contingent upon the satisfaction or waiver of certain conditions. Shareholders and potential investors are advised to exercise caution and seek professional advice when dealing with the company’s securities.

The most recent analyst rating on (HK:0357) stock is a Sell with a HK$6.30 price target. To see the full list of analyst forecasts on Hainan Meilan International Airport Company stock, see the HK:0357 Stock Forecast page.

Hainan Airport Infrastructure Acquires Majority Stake in Hainan Meilan International Airport

Hainan Airport Infrastructure Co., Ltd. has announced the acquisition of approximately 50.19% shareholding in Hainan Meilan International Airport Company Limited. This acquisition includes a possible unconditional mandatory cash offer to acquire all remaining domestic shares and H shares not already owned by Hainan Airport Infrastructure Co., Ltd. or its concert parties. The transaction, valued at RMB2,339,375,000, is expected to consolidate Hainan Airport Infrastructure’s control over Hainan Meilan International Airport, potentially impacting its market positioning and stakeholder interests.