Hainan Airport Infrastructure (600515) Stock Price, Fundamentals & Analysis

What 600515 does

Hainan Airport Infrastructure (600515) operates airports and related commercial properties in China. Its activities include aeronautical services such as take-off and landing, parking, passenger bridges, and security checks, as well as non-aeronautical services like ground handling, duty-free and taxable retail, advertising, cargo, and office leasing. The company also manages commercial real estate, hotels, catering, and property assets. Formerly known as HNA Infrastructure Investment Group Co., LTD, it adopted its current name in January 2022 and was founded in 1993, with headquarters in Haikou, China.

Key numbers explained

• The current price is 2.69 CNY, reflecting a -1.47% change today.
• The trailing P/E ratio of 134.5 is very high, which typically suggests the stock is priced for strong future growth or that recent earnings are unusually low.
• The forward P/E ratio of 33.6 (based on expected earnings) is much lower, indicating that analysts expect earnings to grow significantly.
• The dividend yield of 0.19% is modest; the company pays out 27% of its earnings as dividends, with the next ex-dividend date on Jul 21, 2026.
• The beta of 0.24 suggests the stock is less volatile than the broader market.
• The debt-to-equity ratio of 89.8% indicates the company uses a substantial amount of debt relative to shareholder equity.
• The price-to-book ratio of 1.27 means the market values the company slightly above its accounting book value.

What to watch

As a diversified real estate company operating airports, Hainan Airport Infrastructure (600515) is sensitive to travel demand, tourism policy, and regional economic growth in Hainan. Investors often compare it with peers like Future Land Holdings (601155), Poly Real Estate Group (600048), and China Development Holdings (600606) to gauge the Real Estate sector's direction. Its low beta of 0.24 may appeal to those seeking stability, while its high trailing P/E ratio of 134.5 warrants attention to whether future earnings can justify the current valuation. The company is not part of the CSI 300 index, which focuses on large-cap A-shares, so its liquidity and index-tracking flows differ from those of larger constituents. For a broader view of the Shanghai Stock Exchange, see Shanghai Stock Exchange stocks.