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Hainan Airport Infrastructure (600515) investor relations material
Hainan Airport Infrastructure Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached RMB 1.74 billion, up 59.87% year-over-year, mainly due to the consolidation of Meilan Airport.
Net profit attributable to shareholders was RMB 112.46 million, a 12.02% increase year-over-year.
Operating cash flow improved significantly, with a net outflow of RMB 66.51 million versus an outflow of RMB 881.35 million in Q1 2025.
Financial highlights
Total assets at quarter-end were RMB 60.90 billion, up 1.98% from year-end 2025.
Shareholders’ equity rose 2.91% to RMB 24.25 billion.
Basic and diluted EPS were both RMB 0.0098, up from RMB 0.0088 in Q1 2025.
Gross margin improved as revenue growth outpaced cost increases.
Outlook and guidance
Revenue growth is expected to continue, driven by the integration of Meilan Airport and increased operating scale.
- Net profit fell 52.33% year-over-year despite revenue growth and major airport acquisition.600515
H2 202522 Apr 2026 - Revenue and profit fell significantly, but core airport and property operations remained stable.600515
H2 202412 Dec 2025 - Net profit plunged 69.77% year-over-year as real estate margins declined and one-time gains disappeared.600515
Q3 202529 Oct 2025 - Revenue up 2.66% YoY, but net profit down 55.91% amid higher costs and lower one-offs.600515
H1 202526 Aug 2025 - Revenue and profit fell sharply amid real estate and airport headwinds; recovery expected in 2025.600515
Q3 202413 Jun 2025 - Revenue and profit dropped sharply, but airport and property management showed resilience.600515
H1 202413 Jun 2025 - Net profit plunged 54% as real estate revenue fell, despite growth in airport operations.600515
Q1 20256 Jun 2025
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