S

Shenzhen Airport Co Ltd
SZSE:000089

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Shenzhen Airport Co Ltd
SZSE:000089
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Price: 6.97 CNY Market Closed
Market Cap: 14.3B CNY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+71%
5Y
+63%
10Y
+69%
Operating Income
+
3Y
-
5Y
+1 710%
10Y
+64%
Net Income
+
3Y
-
5Y
+1 021%
10Y
+41%

Earnings Waterfall
Shenzhen Airport Co Ltd

Revenue
5.1B CNY
Cost of Revenue
-4B CNY
Gross Profit
1.1B CNY
Operating Expenses
-133.9m CNY
Operating Income
943m CNY
Other Expenses
-358.7m CNY
Net Income
584.3m CNY

Income Statement
Shenzhen Airport Co Ltd

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Income Statement
Currency: CNY
Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
2
0
0
0
2
0
0
0
1
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
5
0
0
0
0
0
0
0
17
0
0
0
15
0
0
0
29
0
0
0
155
0
0
0
63
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
35
69
109
156
217
278
333
380
379
377
374
382
381
379
363
346
344
0
0
Revenue
355
N/A
542
+53%
748
+38%
790
+6%
854
+8%
893
+5%
917
+3%
922
+1%
937
+2%
969
+3%
1 013
+4%
1 060
+5%
1 100
+4%
1 123
+2%
1 144
+2%
1 154
+1%
1 176
+2%
1 211
+3%
1 411
+16%
1 334
-5%
1 418
+6%
1 465
+3%
1 516
+3%
1 524
+1%
1 535
+1%
1 602
+4%
1 663
+4%
1 734
+4%
1 793
+3%
1 835
+2%
1 900
+3%
1 931
+2%
1 977
+2%
2 007
+2%
2 333
+16%
2 440
+5%
2 547
+4%
2 676
+5%
2 473
-8%
2 466
0%
2 469
+0%
2 479
+0%
2 546
+3%
2 644
+4%
2 747
+4%
2 854
+4%
2 973
+4%
3 010
+1%
3 037
+1%
3 028
0%
2 953
-3%
2 957
+0%
2 930
-1%
2 955
+1%
3 036
+3%
3 052
+1%
3 151
+3%
3 246
+3%
3 320
+2%
3 425
+3%
3 512
+3%
3 554
+1%
3 599
+1%
3 664
+2%
3 697
+1%
3 746
+1%
3 807
+2%
3 455
-9%
3 230
-7%
3 129
-3%
2 997
-4%
3 220
+7%
3 297
+2%
3 226
-2%
3 306
+2%
3 167
-4%
3 045
-4%
2 992
-2%
2 671
-11%
2 930
+10%
3 298
+13%
3 666
+11%
4 165
+14%
4 386
+5%
4 468
+2%
4 588
+3%
4 739
+3%
4 866
+3%
5 017
+3%
5 114
+2%
Gross Profit
Cost of Revenue
(181)
(281)
(405)
(430)
(461)
(489)
(521)
(530)
(531)
(570)
(571)
(597)
(632)
(610)
(636)
(638)
(641)
(664)
(733)
(708)
(742)
(800)
(830)
(844)
(864)
(865)
(915)
(944)
(973)
(1 004)
(1 075)
(1 108)
(1 136)
(1 158)
(1 458)
(1 564)
(1 666)
(1 781)
(1 534)
(1 551)
(1 552)
(1 575)
(1 712)
(1 913)
(2 099)
(2 278)
(2 395)
(2 415)
(2 405)
(2 364)
(2 098)
(2 118)
(2 104)
(2 112)
(2 221)
(2 263)
(2 306)
(2 379)
(2 362)
(2 529)
(2 583)
(2 595)
(2 668)
(2 794)
(2 877)
(2 969)
(2 904)
(2 988)
(2 969)
(2 945)
(2 806)
(2 881)
(2 904)
(2 998)
(3 030)
(3 352)
(3 575)
(3 716)
(3 611)
(3 625)
(3 557)
(3 591)
(3 718)
(3 730)
(3 785)
(3 749)
(3 730)
(3 867)
(3 936)
(4 037)
Gross Profit
174
N/A
261
+51%
343
+31%
360
+5%
394
+9%
404
+3%
396
-2%
392
-1%
406
+4%
399
-2%
441
+11%
463
+5%
468
+1%
513
+10%
508
-1%
516
+2%
535
+4%
547
+2%
677
+24%
625
-8%
676
+8%
664
-2%
685
+3%
680
-1%
671
-1%
737
+10%
748
+1%
790
+6%
820
+4%
832
+1%
825
-1%
822
0%
841
+2%
849
+1%
876
+3%
876
N/A
881
+1%
895
+2%
940
+5%
915
-3%
917
+0%
904
-1%
834
-8%
732
-12%
648
-11%
576
-11%
579
+0%
595
+3%
633
+6%
664
+5%
855
+29%
839
-2%
826
-2%
843
+2%
815
-3%
788
-3%
845
+7%
866
+3%
959
+11%
896
-7%
928
+4%
958
+3%
932
-3%
870
-7%
820
-6%
777
-5%
903
+16%
467
-48%
261
-44%
184
-30%
191
+4%
339
+77%
393
+16%
227
-42%
275
+21%
(186)
N/A
(530)
-185%
(724)
-37%
(940)
-30%
(695)
+26%
(259)
+63%
75
N/A
447
+497%
656
+47%
684
+4%
840
+23%
1 009
+20%
998
-1%
1 081
+8%
1 077
0%
Operating Income
Operating Expenses
(14)
(23)
(37)
(39)
(44)
(47)
(43)
(42)
(39)
(41)
(37)
(44)
(49)
(49)
(63)
(62)
(65)
(66)
(64)
(67)
(70)
(72)
(63)
(66)
(84)
(83)
(67)
(91)
(69)
(70)
(72)
(71)
(79)
(83)
(88)
(81)
(161)
(161)
(105)
(194)
(117)
(120)
(105)
(94)
(98)
(99)
(114)
(96)
(91)
(87)
(84)
(59)
(63)
(69)
(142)
(114)
(110)
(107)
(197)
(128)
(127)
(134)
(191)
(115)
(110)
(103)
(194)
(98)
(114)
(132)
(199)
(143)
(144)
(139)
(220)
(136)
(128)
(123)
(141)
(131)
(139)
(75)
(88)
364
362
82
(225)
(142)
(136)
(134)
Selling, General & Administrative
(19)
(29)
(46)
(48)
(53)
(56)
(57)
(58)
(55)
(58)
(54)
(57)
(58)
(55)
(62)
(60)
(61)
(62)
(63)
(63)
(62)
(64)
(63)
(63)
(66)
(64)
(66)
(67)
(66)
(68)
(72)
(73)
(76)
(80)
(86)
(80)
(82)
(83)
(103)
(86)
(87)
(91)
(102)
(90)
(91)
(89)
(111)
(90)
(86)
(85)
(79)
(63)
(65)
(67)
(141)
(103)
(108)
(112)
(198)
(120)
(122)
(127)
(192)
(113)
(126)
(118)
(198)
(128)
(123)
(140)
(199)
(145)
(159)
(154)
(225)
(152)
(145)
(147)
(160)
(164)
(171)
(172)
(184)
(163)
(157)
(155)
(217)
(145)
(140)
(139)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
0
0
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
0
(2)
0
0
0
(2)
0
0
0
(2)
0
0
0
(2)
0
0
0
(1)
0
0
0
(2)
0
0
0
(3)
0
0
0
(4)
0
0
0
(5)
0
0
0
(11)
0
0
0
(11)
0
0
0
(10)
0
0
0
(9)
0
0
0
Other Operating Expenses
5
7
9
9
9
9
13
15
16
17
17
13
9
6
(1)
0
(4)
(4)
(0)
(3)
(8)
(8)
(0)
(4)
(18)
(18)
(0)
(24)
(3)
(3)
0
3
(3)
(3)
(0)
0
(79)
(79)
(0)
(108)
(29)
(29)
(0)
(4)
(8)
(10)
(1)
(6)
(5)
(2)
(3)
4
1
(2)
(0)
(11)
(2)
5
2
(8)
(5)
(7)
3
(3)
16
15
8
31
9
9
5
2
14
15
16
16
18
24
30
33
31
97
106
527
519
237
2
4
4
6
Operating Income
159
N/A
239
+50%
306
+28%
321
+5%
350
+9%
357
+2%
352
-1%
349
-1%
367
+5%
358
-2%
405
+13%
420
+4%
419
0%
464
+11%
445
-4%
454
+2%
470
+3%
481
+2%
614
+28%
559
-9%
606
+8%
593
-2%
623
+5%
614
-1%
586
-4%
654
+12%
681
+4%
699
+3%
751
+7%
761
+1%
753
-1%
752
0%
762
+1%
766
+1%
788
+3%
794
+1%
720
-9%
734
+2%
835
+14%
721
-14%
800
+11%
784
-2%
730
-7%
638
-13%
550
-14%
477
-13%
465
-3%
499
+7%
542
+9%
577
+6%
772
+34%
780
+1%
763
-2%
775
+2%
673
-13%
675
+0%
735
+9%
759
+3%
762
+0%
767
+1%
802
+4%
825
+3%
741
-10%
755
+2%
711
-6%
675
-5%
708
+5%
369
-48%
147
-60%
52
-65%
(8)
N/A
197
N/A
249
+27%
88
-65%
56
-37%
(321)
N/A
(658)
-105%
(847)
-29%
(1 080)
-28%
(826)
+24%
(399)
+52%
0
N/A
359
+202 218%
1 020
+185%
1 046
+2%
922
-12%
785
-15%
856
+9%
944
+10%
943
0%
Pre-Tax Income
Interest Income Expense
27
22
(1)
15
(21)
(9)
(41)
(59)
(47)
(41)
27
14
27
49
51
55
58
54
59
57
45
38
58
56
64
71
60
65
72
75
75
69
60
63
61
67
67
48
37
24
10
12
(47)
(81)
(102)
(144)
(128)
(117)
(97)
(59)
(22)
23
46
62
82
96
99
124
130
130
144
144
140
143
146
141
151
108
64
47
67
69
83
27
(69)
(142)
(262)
(316)
(333)
(331)
(290)
(269)
(282)
(267)
(248)
(213)
(201)
(195)
(191)
(190)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
0
0
(3)
0
0
0
(3)
0
0
0
(25)
0
0
0
3
0
0
0
0
0
0
0
(105)
0
0
0
4
0
0
0
8
0
0
0
0
0
0
0
(3)
(0)
(0)
4
(4)
6
6
2
(4)
2
2
1
(85)
(0)
(0)
0
(2)
0
0
5
1
2
2
(3)
(15)
0
0
209
410
0
0
0
(5)
0
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
0
0
(0)
0
0
0
(0)
0
0
0
0
0
0
0
(0)
0
0
(0)
(1)
0
0
(3)
(4)
0
0
(2)
2
0
2
(0)
(8)
(8)
(9)
(6)
0
0
(1)
0
0
0
(2)
0
0
0
0
0
0
0
0
0
(12)
0
0
0
(25)
0
0
0
(7)
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(11)
(11)
(8)
(7)
5
5
(1)
(1)
(4)
(3)
(1)
18
21
8
(7)
(6)
(6)
(5)
(0)
(2)
(235)
(239)
(278)
(279)
(36)
(29)
7
8
10
8
65
66
58
60
7
6
4
3
4
5
4
5
6
1
1
3
5
7
5
4
(2)
(2)
(3)
0
3
2
3
2
1
(2)
(2)
(6)
(0)
(5)
(71)
(71)
3
(77)
(12)
(9)
8
(1)
3
(1)
10
(21)
(23)
(28)
(1)
(21)
(20)
(14)
47
31
30
30
1
10
10
10
Pre-Tax Income
176
N/A
249
+42%
297
+19%
328
+10%
334
+2%
353
+6%
311
-12%
290
-7%
316
+9%
314
0%
431
+37%
451
+5%
466
+3%
522
+12%
488
-6%
503
+3%
522
+4%
529
+1%
668
+26%
614
-8%
415
-32%
392
-6%
399
+2%
390
-2%
615
+58%
696
+13%
724
+4%
772
+7%
833
+8%
844
+1%
896
+6%
887
-1%
880
-1%
889
+1%
856
-4%
867
+1%
791
-9%
784
-1%
770
-2%
750
-3%
813
+8%
799
-2%
689
-14%
558
-19%
449
-19%
334
-26%
352
+5%
389
+10%
451
+16%
521
+16%
740
+42%
792
+7%
797
+1%
830
+4%
755
-9%
771
+2%
835
+8%
888
+6%
888
+0%
901
+1%
948
+5%
965
+2%
876
-9%
895
+2%
788
-12%
746
-5%
777
+4%
400
-49%
199
-50%
91
-55%
53
-42%
265
+401%
335
+27%
119
-64%
(27)
N/A
(482)
-1 713%
(940)
-95%
(1 193)
-27%
(1 436)
-20%
(1 178)
+18%
(709)
+40%
(75)
+89%
533
N/A
784
+47%
828
+6%
739
-11%
579
-22%
671
+16%
763
+14%
763
0%
Net Income
Tax Provision
(23)
(35)
(46)
(48)
(53)
(55)
(53)
(53)
(56)
(55)
(62)
(64)
(65)
(71)
(74)
(75)
(78)
(82)
(87)
(86)
(98)
(101)
(146)
(149)
(155)
(171)
(141)
(155)
(166)
(173)
(172)
(175)
(171)
(175)
(189)
(190)
(197)
(200)
(183)
(184)
(185)
(185)
(182)
(151)
(139)
(109)
(76)
(84)
(83)
(98)
(207)
(218)
(216)
(227)
(180)
(185)
(205)
(214)
(213)
(212)
(219)
(215)
(195)
(199)
(169)
(163)
(172)
(89)
(53)
(27)
(14)
(55)
(54)
(5)
6
114
210
271
327
240
141
(8)
(134)
(185)
(201)
(179)
(137)
(161)
(183)
(179)
Income from Continuing Operations
153
215
252
280
282
298
257
237
260
260
368
387
401
451
415
428
444
448
581
529
318
291
254
242
461
525
583
618
667
671
723
711
709
713
667
677
595
584
587
566
628
614
507
407
310
225
276
306
368
423
533
575
580
603
575
586
630
674
675
689
728
749
682
696
618
583
606
311
146
64
39
210
281
114
(20)
(368)
(730)
(922)
(1 110)
(938)
(568)
(82)
399
599
627
560
442
510
580
583
Income to Minority Interest
(2)
(3)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(4)
(6)
(6)
(6)
(8)
(7)
(7)
(8)
(9)
(7)
(10)
(10)
(9)
(9)
(9)
(8)
(8)
(8)
(8)
(9)
(9)
(9)
(9)
(10)
(10)
(10)
(9)
(8)
(8)
(7)
(8)
(7)
(8)
(7)
(7)
(7)
(7)
(8)
(9)
(9)
(10)
(11)
(11)
(11)
(9)
(13)
(13)
(14)
(18)
(14)
(14)
(15)
(15)
(14)
(13)
(12)
(11)
(12)
(12)
(12)
(12)
(10)
(11)
(11)
(12)
(14)
(15)
(15)
(14)
(14)
(14)
(10)
(7)
(3)
0
(1)
(1)
1
1
1
1
Net Income (Common)
151
N/A
212
+41%
248
+17%
277
+11%
277
+0%
295
+6%
253
-14%
233
-8%
256
+10%
256
0%
362
+42%
381
+5%
395
+4%
443
+12%
408
-8%
421
+3%
436
+4%
439
+1%
574
+31%
519
-10%
308
-41%
282
-8%
245
-13%
233
-5%
453
+94%
517
+14%
575
+11%
609
+6%
658
+8%
662
+1%
714
+8%
702
-2%
700
0%
704
+1%
657
-7%
667
+2%
587
-12%
576
-2%
579
+1%
559
-4%
621
+11%
606
-2%
500
-17%
401
-20%
303
-24%
218
-28%
268
+23%
297
+11%
359
+21%
414
+15%
522
+26%
563
+8%
570
+1%
594
+4%
562
-5%
573
+2%
616
+7%
656
+7%
661
+1%
675
+2%
714
+6%
735
+3%
668
-9%
683
+2%
606
-11%
572
-6%
594
+4%
300
-50%
135
-55%
52
-61%
28
-46%
199
+609%
270
+35%
102
-62%
(34)
N/A
(383)
-1 013%
(745)
-94%
(936)
-26%
(1 124)
-20%
(952)
+15%
(577)
+39%
(89)
+85%
397
N/A
599
+51%
626
+4%
560
-11%
443
-21%
511
+15%
581
+14%
584
+1%
EPS (Diluted)
0.11
N/A
0.15
+36%
0.17
+13%
0.2
+18%
0.2
N/A
0.21
+5%
0.18
-14%
0.16
-11%
0.18
+13%
0.18
N/A
0.25
+39%
0.26
+4%
0.27
+4%
0.31
+15%
0.28
-10%
0.3
+7%
0.31
+3%
0.31
N/A
0.34
+10%
0.3
-12%
0.18
-40%
0.18
N/A
0.14
-22%
0.14
N/A
0.27
+93%
0.31
+15%
0.34
+10%
0.36
+6%
0.39
+8%
0.39
N/A
0.42
+8%
0.41
-2%
0.41
N/A
0.35
-15%
0.39
+11%
0.32
-18%
0.34
+6%
0.28
-18%
0.28
N/A
0.28
N/A
0.36
+29%
0.3
-17%
0.3
N/A
0.22
-27%
0.17
-23%
0.14
-18%
0.16
+14%
0.18
+13%
0.17
-6%
0.22
+29%
0.27
+23%
0.28
+4%
0.28
N/A
0.29
+4%
0.27
-7%
0.27
N/A
0.29
+7%
0.31
+7%
0.32
+3%
0.33
+3%
0.35
+6%
0.36
+3%
0.33
-8%
0.32
-3%
0.29
-9%
0.27
-7%
0.29
+7%
0.15
-48%
0.07
-53%
0.03
-57%
0.01
-67%
0.09
+800%
0.12
+33%
0.04
-67%
-0.02
N/A
-0.19
-850%
-0.36
-89%
-0.46
-28%
-0.55
-20%
-0.46
+16%
-0.28
+39%
-0.04
+86%
0.19
N/A
0.29
+53%
0.31
+7%
0.27
-13%
0.22
-19%
0.25
+14%
0.28
+12%
0.28
N/A

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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