Hainan airport “airport + duty-free” dual core promotes driving to a new channel of high-quality development

Officially integrated into the state-owned assets system, Hainan airport facilities Co., Ltd. is ushering in an intensive positive period.

On May 17, Hainan airport successfully won the star, and the stock abbreviation of the company was changed from ” Hna Infrastructure Investment Group Co.Ltd(600515) ” to “St foundation”, and the relevant historical problems have been resolved through the reorganization procedure.

The annual general meeting of shareholders of Hainan airport was held on May 19, 2021. As the annual general meeting of shareholders after state-owned assets took over, Hainan airport put forward a new development pattern driven by “airport + tax exemption”.

From the precarious risk of delisting to the booming momentum of returning to state-owned assets, Hainan airport has completed Phoenix Nirvana and is heading for a new channel of high-quality development, transformation and upgrading.

On December 24, 2021, with the care and support of Hainan provincial Party committee and provincial government, Hainan airport was officially integrated into Hainan holding state-owned assets system. The shareholders’ meeting held on May 19 is the first annual shareholders’ meeting after its integration into state-owned assets, which is of great significance.

The business returned to the track of steady development. The general meeting of shareholders of Hainan airport in 2021 comprehensively sorted out the operation of the company in the past year and passed other relevant proposals with high votes.

In terms of airport business, under the multiple pressures of enterprise restructuring and covid-19 pneumonia epidemic, Hainan airport continued to maintain high standard service quality and won a number of heavyweight honors at home and abroad;

Tax free and commercial business: there are 16 self owned commercial projects in Hainan airport, including 9 airport commercial projects. The company participates in tax-free commercial business in the form of equity investment and site leasing of self-owned properties;

Real estate business, 22 projects under construction and land reserve, covering an area of more than 6000 mu. Hainan airport has actively cleaned up its family background and comprehensively combed it to create a new, healthy and competitive market subject;

In terms of property business, Hainan airport has passed the supervision and audit of ISO90001 quality management, effectively avoided operational risks, improved operational efficiency and steadily improved brand benefits.

The board of directors concluded that this year, Hainan airport not only won the battle of risk resolution, got rid of overload debt and realized light loading; It also made every effort to promote the resumption of work and production, and maintained safe and stable operation; Hainan Holdings has become the new controlling shareholder of the company, and the company has rapidly integrated with it, realizing a smooth transition and rapid development.

The 2021 annual general meeting of shareholders pointed out that Hainan airport will actively fulfill the responsibilities of state-owned enterprises with the purpose of “deeply cultivating Hainan and serving the free trade port” in the future, and create a new pattern of coordinated development of business forms such as airport as the main business, duty-free commercial real estate and property hotels.

Specifically, the airport business will be committed to becoming a “leading airport operation management service provider in the industry”, benchmarking the management mode and standard of the development of the global airport industry, focusing on the airport field, continuously improving the proportion of non aviation revenue, and building Skytrax star airport group;

Duty free commerce relies on the core property resources of the free trade port, gives full play to the “three wharfs” advantages of Haikou Meilan Airport, Sanya Phoenix Airport and Haikou Riyue Plaza, explores the industrial model of complementary development of tax-free and high-end commerce on outlying islands, and helps build an international consumption center of the free trade port;

The real estate industry will speed up the business transformation and development in combination with “local measures”, focus on the airport and other core resources and airport ecosystem, and expand the business of commercial real estate and park development.

It can be seen that Hainan airport firmly grasps the core concept of Hainan free trade port, gives full play to the advantages of core resources in the fields of airport and tax exemption, and realizes its own rapid development while contributing to the construction of free trade port.

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