The Shanghai International Airport Authorities, which operates China's second largest airport, the Shanghai Pudong International Airport released its preliminary financial report today, showing an impressive 31.28 percent growth rate for its net profits in 2017.
The operating revenue of the company is expected to reach 8.059 billion yuan, a rise of 15.94 percent while the net profits surged by 31.28 percent to 3.683 billion yuan last year.
The company attributed the better-than-expected financial performance to the robust market demand, which benefited from the continuous escalation of consumption among Chinese citizens. Meanwhile, their overall operating effectiveness was further improved under the company's persistent efforts.
The annual passengers' volume increased by 6.06 percent to 70.001 million in 2017, which contributes significantly to its growth earnings last year.
Besides, it is notable, other than its operating business, commercial leasing activities saw an even higher growth rate of 36 percent when compared to that for passengers' volume. The rents collected from the shops seated at the airport surged due to the enhanced passengers' consumption added to the efforts of the airport's retail brands management, and the optimization and adjustment of venue arrangements.
The revenue from the investment activities of the company saw a remarkable year-on-year growth of 33.82 percent to stand at 976 million yuan in 2017.
The operating revenue of the company is expected to reach 8.059 billion yuan, a rise of 15.94 percent while the net profits surged by 31.28 percent to 3.683 billion yuan last year.
The company attributed the better-than-expected financial performance to the robust market demand, which benefited from the continuous escalation of consumption among Chinese citizens. Meanwhile, their overall operating effectiveness was further improved under the company's persistent efforts.
The annual passengers' volume increased by 6.06 percent to 70.001 million in 2017, which contributes significantly to its growth earnings last year.
Besides, it is notable, other than its operating business, commercial leasing activities saw an even higher growth rate of 36 percent when compared to that for passengers' volume. The rents collected from the shops seated at the airport surged due to the enhanced passengers' consumption added to the efforts of the airport's retail brands management, and the optimization and adjustment of venue arrangements.
The revenue from the investment activities of the company saw a remarkable year-on-year growth of 33.82 percent to stand at 976 million yuan in 2017.
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