Hainan Meilan International Airport Company (0357) AI Stock Analysis

• Market Cap: $5.05B
• Dividend Yield: N/A
• Average Volume (3M): 1.62M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: 2.04%
• EPS Growth: -176.61%
• Country: HK
• Employees: 4,189
• Sector: Industrials
• Sector Strength: 87
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.16
• Shares Outstanding: 226,913,000
• 10 Day Avg. Volume: 2,134,204
• 30 Day Avg. Volume: 1,617,170
• PEG Ratio: 0.53
• Price to Book (P/B): 2.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 151.55
• 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: $6.30
• Price Target Upside: -41.05% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: ―

Hainan Meilan International Airport Company shows mixed signals with significant financial challenges, especially in profitability and leverage, limiting its overall financial performance score. Positively, technical analysis indicates bullish momentum, supporting short-term optimism. However, the negative P/E ratio and lack of dividend yield suggest caution. Overall, the stock scores moderately, reflecting a need for financial improvement to support long-term growth.

Hainan Meilan International Airport Company Business Overview & Revenue Model

Company Description

Hainan Meilan International Airport Company Limited, together with its subsidiaries, engages in the aeronautical and non-aeronautical businesses at the Haikou Meilan International Airport in Haikou, the People's Republic of China. Its aeronautical business includes the provision of terminal facilities, ground handling services, and passenger services. The company's non-aeronautical business comprises the leasing of commercial and retail spaces at Haikou Meilan International Airport; franchise of airport-related business; leasing of advertising space; provision of car parking and cargo handling services; and sale of consumable goods. It is also involved in the business investment, and hotel investment and operation activities; and rendering of cargo and logistics services. The company was formerly known as Regal International Airport Group Company Limited and changed its name to Hainan Meilan International Airport Company Limited in November 2019. The company was incorporated in 2000 and is headquartered in Haikou, the People's Republic of China. Hainan Meilan International Airport Company Limited is a subsidiary of Haikou Meilan International Airport Company Limited.

How the Company Makes Money

Hainan Meilan International Airport Company generates revenue through several streams. The primary source of income is aeronautical revenue, which includes landing and parking fees charged to airlines, as well as passenger service fees collected from passengers. Non-aeronautical revenue is another significant stream, derived from commercial activities within the airport, such as retail concessions, food and beverage sales, and car parking services. Additionally, the company may engage in real estate development and leasing activities on airport property. Partnerships with airlines and service providers, as well as the growing tourism industry in Hainan, contribute to the company's revenue growth.

Hainan Meilan International Airport Company Financial Statement Overview

Summary

Hainan Meilan International Airport Company is facing several financial challenges, particularly in terms of profitability and leverage. Despite some revenue growth, the company is struggling with negative net income and high debt levels. While cash flow operations show some strength, the overall financial health is moderate with significant areas needing improvement, particularly in reducing leverage and enhancing profitability to ensure long-term stability.

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: 10.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 10.68 is above the 20-day moving average (MA) of 10.46, above the 50-day MA of 10.33, and above the 200-day MA of 8.96, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 60.14 is Neutral, neither overbought nor oversold. The STOCH value of 68.12 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
Sector *	71 Outperform	¥255.65B	12.95	8.49%	3.09%	6.31%	12.94%
0357	54 Neutral	$5.05B	―	-9.14%	―	2.04%	-176.61%
BJCHF		$1.71B	―	-9.81%	―	―	―
CHDGF		$1.04B	11.39	9.01%	7.82%	―	―
GZITF		$792.88M	8.68	5.60%	0.97%	―	―
3393	75 Outperform	HK$8.14B	10.67	13.34%	36.11%	18.17%	33.08%
2169	62 Neutral	HK$6.80B	106.92	7.42%	0.38%	-27.29%	-5.99%

Hainan Meilan International Airport Company Corporate Events

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.

Hainan Meilan International Airport Announces 2025 AGM and Key Resolutions

Hainan Meilan International Airport Company Limited has announced its upcoming annual general meeting scheduled for May 21, 2025, where several key resolutions will be discussed. These include the approval of the 2024 financial statements, the decision not to distribute final dividends for 2024, and the re-appointment of Pan-China Certified Public Accountants LLP as auditors. Additionally, a special resolution will be considered to grant the Board a mandate to issue additional shares, which could impact the company’s capital structure and market positioning.