On February 14, Guangzhou Baiyun International Airport Company Limited(600004) (600004, SH) announced that Qiu Jiachen, chairman of the company, applied for resignation as a director, chairman and legal representative for personal reasons, and would not hold any other positions in the company and its holding subsidiaries after resignation.
The reporter of the daily economic news noted that Qiu Jiachen has a background in economic and financial accounting and a master’s degree in money and banking. Previously, he successively served as chief accountant, member of the Party committee, chief economist, deputy general manager and Guangzhou Baiyun International Airport Company Limited(600004) director of Guangdong Airport Management Group Co., Ltd. In August 2016, Qiu Jiachen began to serve as the chairman of Guangzhou Baiyun International Airport Company Limited(600004) and has served for five and a half years so far.
During Qiu Jiachen’s tenure, Guangzhou Baiyun International Airport Company Limited(600004) throughput leaped. In 2015, Guangzhou Baiyun International Airport Company Limited(600004) handled 55.2086 million passengers. In 2017, the number of passengers exceeded 60 million, reaching 65.807 million. In 2019, it will make another ten million leap, exceeding 73.386 million person times.
In 2020, when the global aviation industry was impacted by the epidemic, Guangzhou Baiyun International Airport Company Limited(600004) throughput declined, but it jumped from the third place in the National Airport throughput in the past to the first place, and became the busiest airport in the world. According to the latest data, in 2021, Guangzhou Baiyun International Airport Company Limited(600004) continued to rank first in China, with passenger throughput (40.257 million passengers) and takeoff and landing sorties (362500 sorties) ranking first among the four listed airports.
In terms of airport construction, in May 2018, Guangzhou Baiyun International Airport Company Limited(600004) T2 terminal was fully put into use; In September 2020, the Guangzhou Baiyun International Airport Company Limited(600004) phase III expansion project was officially started. It is planned and constructed according to the recent 2030 aircraft take-off and landing, 120 million passengers and 3.8 million tons of cargo and mail throughput, and the terminal 2045 aircraft take-off and landing, 140 million passengers and 6 million tons of cargo and mail throughput.
However, under the uncertain factors of the epidemic situation, Guangzhou Baiyun International Airport Company Limited(600004) is still under great pressure to reduce losses and even profits. The performance forecast shows that Guangzhou Baiyun International Airport Company Limited(600004) is expected to have a loss of 465 million yuan to 381 million yuan in 2021, with a year-on-year change range of – 86.00% to – 52.18%. The performance forecast reduction is mainly due to the non recurring profits and losses such as equity disposal in the same period of last year and the continuous impact of covid-19 pneumonia in 2021.
