Hainan Meilan International Airport Company (HK:0357)
:0357
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Hainan Meilan International Airport Company
(0357)
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Rating:43Neutral
Price Target:
HK$6.00
â–¼(-42.14% Downside)
Action:Reiterated
Date:05/01/26
The score is held down primarily by multi-year net losses and a weakening balance sheet with higher leverage, alongside bearish technical momentum (price below major moving averages and negative MACD). Positive operating and free cash flow provide some resilience, but the sharp 2025 free-cash-flow decline and negative earnings limit valuation support.
Positive Factors
Diversified Airport Revenue Model
The company's business mixes aeronautical fees with non-aviation commercial and property income, creating multiple revenue levers tied to passenger throughput. This structural diversification supports more stable long-term cash generation versus pure-aviation peers as passenger patterns normalize.
Negative Factors
Multi-year Net Losses
Sustained net losses and a negative operating result in 2025 weaken retained earnings and limit the company's ability to internally finance growth or absorb shocks. Persistent unprofitability undermines long-term returns and raises the need for external financing or structural cost actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Airport Revenue Model
The company's business mixes aeronautical fees with non-aviation commercial and property income, creating multiple revenue levers tied to passenger throughput. This structural diversification supports more stable long-term cash generation versus pure-aviation peers as passenger patterns normalize.
Read all positive factors
Hainan Meilan International Airport Company (0357) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.73B
Dividend YieldN/A
Average Volume (3M)1.58M
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth-7.61%
EPS Growth26.48%
CountryHK
Employees4,189
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.59
Shares Outstanding226,913,000
10 Day Avg. Volume2,245,527
30 Day Avg. Volume1,575,645
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)1.19
Price to Sales (P/S)2.26
P/FCF Ratio17.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$11.47Price Target Upside10.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.1
Revenue Forecast (FY)HK$2.29B
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...
How the Company Makes Money
The company primarily makes money by operating an airport and monetizing both aviation and non-aviation demand tied to passenger traffic and airline operations. Key revenue streams typically include: (1) Aviation services income—fees charged to ai...
Hainan Meilan International Airport Company Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
44
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.01B | 2.17B | 2.09B | 1.14B | 1.61B |
| Gross Profit | -79.60M | 149.17M | 38.45M | 18.72M | 734.27M |
| EBITDA | 92.51M | 323.81M | 803.15M | 251.55M | 739.56M |
| Net Income | -279.00M | -381.44M | -136.01M | -155.30M | 765.13M |
Balance Sheet | |||||
| Total Assets | 9.92B | 10.98B | 11.36B | 10.64B | 11.14B |
| Cash, Cash Equivalents and Short-Term Investments | 311.15M | 541.08M | 203.65M | 119.43M | 212.12M |
| Total Debt | 4.33B | 3.74B | 3.68B | 2.12B | 2.09B |
| Total Liabilities | 6.12B | 6.93B | 7.12B | 6.23B | 6.57B |
| Stockholders Equity | 3.81B | 4.06B | 4.27B | 4.41B | 4.53B |
Cash Flow | |||||
| Free Cash Flow | 258.13M | 304.30M | 200.14M | 65.12M | 511.15M |
| Operating Cash Flow | 355.48M | 729.89M | 526.94M | 174.04M | 828.19M |
| Investing Cash Flow | -97.23M | -425.52M | -326.69M | -106.22M | -316.38M |
| Financing Cash Flow | -526.03M | 33.06M | -116.02M | -125.86M | -592.03M |
Hainan Meilan International Airport Company Technical Analysis
Negative
10.37
Price Trends
6.61
Negative
8.35
Negative
9.44
Negative
Market Momentum
-0.27
Negative
30.29
Neutral
13.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0357, the sentiment is Negative. The current price of 10.37 is above the 20-day moving average (MA) of 6.01, above the 50-day MA of 6.61, and above the 200-day MA of 9.44, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 30.29 is Neutral, neither overbought nor oversold. The STOCH value of 13.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0357.
Hainan Meilan International Airport Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$5.22B | 6.63 | 1.61% | 7.48% | 2.77% | 104.40% | |
69 Neutral | HK$4.30B | 3.20 | 4.48% | 6.69% | -14.81% | -3.39% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | HK$2.98B | 4.38 | 7.99% | 6.29% | -7.71% | 31.19% | |
48 Neutral | HK$118.81B | 10.05 | 4.53% | ― | 2.95% | -247.29% | |
44 Neutral | HK$8.33B | -6.19 | -4.76% | ― | 2.58% | 54.45% | |
43 Neutral | HK$2.73B | -5.54 | -5.08% | ― | -7.61% | 26.48% |
* Industrials Sector Average
HK:0357
Hainan Meilan International Airport Company
5.56
-4.76
-46.12%
HK:0753
Air China
4.65
-0.81
-14.84%
HK:0694
Beijing Capital International Airport Co
1.85
-0.99
-34.86%
HK:1848
China Aircraft Leasing Group Holdings
3.92
0.28
7.69%
HK:3382
Tianjin Port Development Holdings
0.72
0.10
16.69%
HK:0062
Transport International Holdings Limited
9.73
1.83
23.23%
Hainan Meilan International Airport Company Corporate Events
Hainan Meilan Airport Names Finance Chief Tian Qingquan as Employee Director
Apr 29, 2026
Hainan Meilan International Airport Company has elected Tian Qingquan as its employee director, effective 28 April 2026, following a democratic vote by staff representatives in line with its articles of association. Tian, aged 49, currently serves...
Hainan Meilan Airport Sets Out Board and Committee Structure
Apr 29, 2026
Hainan Meilan International Airport Company Limited has disclosed the current composition of its board of directors, detailing the mix of executive, non-executive, independent non-executive, and employee directors, including the chairman, presiden...
Hainan Meilan Airport Further Delays Circular on Connected Transactions
Apr 28, 2026
Hainan Meilan International Airport Company has announced a further delay in sending a shareholder circular related to framework agreements and non-exempt continuing connected transactions. The document, which will include advice from an independe...
Hainan Meilan Airport Sets 2026 AGM, Proposes No 2025 Final Dividend and New Share Mandate
Apr 27, 2026
Hainan Meilan International Airport Company Limited has convened its annual general meeting for 21 May 2026 in Haikou to review the board and supervisory committee work reports, approve the audited financial statements for 2025 and set the 2026 re...
Hainan Meilan Airport Shareholders Back New Board Appointments at Extraordinary Meeting
Apr 22, 2026
Shareholders of Hainan Meilan International Airport Company Limited approved all resolutions at an extraordinary general meeting held on 22 April 2026, with voting conducted by poll and overseen by Computershare Hong Kong Investor Services as scru...
Hainan Meilan Airport Clarifies Board Composition and Governance Roles
Apr 22, 2026
Hainan Meilan International Airport Company Limited has announced the current composition of its board of directors, which includes executive, non-executive, and independent non-executive directors, with Wang Hong serving as chairman and Qiu Guoli...
Hainan Meilan Airport Narrows 2025 Loss as Traffic Remains Robust
Mar 27, 2026
Hainan Meilan International Airport Company reported total revenue of RMB2.01 billion for 2025, down from RMB2.17 billion a year earlier, as both aeronautical and non-aeronautical revenues declined. Despite the revenue drop, the net loss narrowed ...
Hainan Meilan Airport Delays Shareholder Circular on Connected Transactions
Mar 27, 2026
Hainan Meilan International Airport Company said it will delay sending a shareholder circular related to framework agreements and continuing connected transactions, which was originally scheduled for despatch on or before 27 March 2026. The compan...
Hainan Meilan Airport Calls April EGM to Reshape Board and Governance Structure
Mar 18, 2026
Hainan Meilan International Airport Company has called an extraordinary general meeting for 22 April 2026 in Haikou to vote on a series of board appointments and corporate governance changes. Shareholders will be asked to approve the appointment o...
Hainan Meilan Airport Sets March 2026 Board Meeting to Review 2025 Results and Dividend
Mar 16, 2026
Hainan Meilan International Airport Company has scheduled a board meeting for 27 March 2026 to review and approve the consolidated financial results for the year ended 31 December 2025. The board will also consider the recommendation and payment o...
Hainan Meilan Airport Sets New Framework Deals With Hainan Airport Infrastructure
Mar 8, 2026
Hainan Meilan International Airport Company has entered into two framework agreements with Hainan Airport Infrastructure to govern a broad range of mutual procurement and service arrangements through the end of 2028, subject to independent shareho...
Hainan Meilan Airport Revamps Leadership and Governance Structure
Feb 13, 2026
Hainan Meilan International Airport Company has reshuffled its senior leadership, with chairman Wang Hong stepping down from the president role while retaining the chairmanship, and Qiu Guoliang taking over as president from 13 February 2026, with...
Hainan Meilan Airport Announces Board and Committee Composition
Feb 13, 2026
Hainan Meilan International Airport Company Limited has announced the current composition of its Board of Directors, comprising Chairman and executive director Wang Hong and executive director and chief financial officer Ren Kai, alongside four in...
Hainan Meilan Airport Signs Connected Electricity Supply Deal for 2026
Feb 13, 2026
Hainan Meilan International Airport Company Limited has signed an Electricity Supply Agreement with Hainan Holdings Energy, under which the latter will procure and supply electricity to the airport operator for the year ending 31 December 2026. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.