Core Insights - Capital Airport is experiencing a peak in outbound travel ahead of the National Day holiday, with new integrated luggage service counters introduced to enhance passenger experience [2][3] - The airport expects to transport 1.67 million passengers during the holiday period, averaging 208,800 passengers daily, and will operate 9,903 flights, averaging 1,238 flights per day [2] - A series of cultural and promotional activities will be held at the airport, including a "Flower and Moon Reunion" event and a month-long "Flying Chinese Style" theme, aimed at enhancing passenger engagement [3] Passenger Services - The newly launched integrated luggage service counters consist of 7 locations within the terminal, offering services such as luggage packing, storage, pet delivery, and oversized item transport [3] - Senior passengers aged 70 and above can enjoy a discount of 50 yuan on luggage packing services, while foreign travelers with specific transit visas can benefit from free luggage storage for three days [3] Holiday Traffic Expectations - The peak travel days are anticipated to be from September 30 to October 2, with an expected daily passenger flow of 220,000, and October 1 is projected to be the busiest day [2]

Core Insights - The capital airport is experiencing a travel peak ahead of the National Day holiday, with a festive theme display titled "Red Boat Carrying Love" symbolizing the country's progress [1] Passenger Traffic and Flight Operations - During the National Day holiday, the capital airport is expected to transport 1.67 million passengers, averaging 208,800 passengers per day, and handle 9,903 flights, averaging 1,238 flights per day [3] - The peak travel demand is anticipated from September 30 to October 2, with an average of 220,000 passengers per day, and October 1 is expected to be the busiest day [3] - Major travel destinations include Shanghai, Chengdu, Guangzhou, Sanya, as well as international cities like Tokyo, Osaka, London, and Seoul [3] - Hainan Airlines anticipates a 10% to 15% year-on-year increase in passenger volume in the Beijing area during the holiday period, with an average of about 160 domestic flights in and out per day [3] Passenger Experience Enhancements - The capital airport will host various experiential activities during the holiday, including a "Flower and Moon Reunion" cultural event on October 5-6, where travelers can create keepsakes under the guidance of intangible cultural heritage practitioners [5] - A month-long "Flying Chinese Style" theme will be launched in select dining and retail outlets starting October 1, featuring special performances and promotions [5] - A new integrated baggage service counter has been introduced, offering seven unique services including baggage packing, storage, and transportation [5] Security and Travel Advisory - Travelers are reminded of regulations regarding carrying power banks on flights, including restrictions on capacity and the requirement for prior approval for certain models [6] - The airport advises passengers to confirm their flight details and arrive early to allow sufficient time for check-in and security procedures, especially during peak hours [6] - Weather conditions such as rain or strong winds may occur during the holiday, prompting travelers to monitor weather updates and flight statuses [7]

数据显示，节前客流高峰预计出现在9月30日至10月2日，日均保障旅客达到22万人次。假期后半程迎来 返程高峰，预计10月7日和8日日均保障旅客达到22万人次。 今年国庆、中秋假期叠加，旅客旅游度假、探亲访友等出行需求旺盛，出行目的地主要集中在上海、成 都、广州、三亚以及东京、大阪、伦敦和首尔等城市。 智通财经从首都机场获悉，2025年国庆、中秋假期期间，首都机场预计运送旅客167万人次，日均20.88 万人次；保障航班9903架次，日均1238架次。 ...

Financial Performance - For the first half of 2025, the company's revenue reached RMB 2,754,574,000, representing a 2.6% increase compared to RMB 2,683,873,000 in 2024[4] - The company's profit before interest, tax, depreciation, and amortization (EBITDA) increased by 39.9% to RMB 688,121,000 from RMB 491,708,000 in 2024[4] - Operating loss for the period was RMB 74,495 thousand, significantly improved from a loss of RMB 258,087 thousand in the previous year[64] - Net loss attributable to shareholders was RMB 163,861 thousand, compared to a net loss of RMB 376,494 thousand for the same period last year[64] - The company reported a basic and diluted loss per share of RMB 0.036, an improvement from RMB 0.082 in the previous year[64] - The company’s total comprehensive loss for the period was RMB 172,266 thousand, compared to RMB 401,042 thousand in the same period of 2024[64] Revenue Breakdown - Aviation business revenue totaled RMB 1,344,510,000, reflecting a 4.6% increase from RMB 1,285,649,000 in 2024[9] - Non-aeronautical business revenue amounted to RMB 1,410,064,000, a slight increase of 0.8% from RMB 1,398,224,000 in the previous year[12] - Revenue from aviation-related services amounted to RMB 1,344,510,000, compared to RMB 1,285,649,000 in 2024, indicating a growth of 4.6%[77] - Non-aviation revenue totaled RMB 1,410,064,000, slightly increasing from RMB 1,398,224,000 in the previous year, which is a growth of 0.1%[77] Operating Expenses - Operating expenses decreased by 4.2% to RMB 2,778,553,000 from RMB 2,900,362,000 in the previous year[4] - The company's aviation security and protection expenses were RMB 427,720,000, down about 2.6% year-on-year, primarily due to cost reduction measures[16] - Repair and maintenance expenses decreased by approximately 5.0% to RMB 424,844,000, attributed to enhanced cost control[17] - Financial costs for the six months ended June 30, 2025, were RMB 144,722,000, a decrease from RMB 151,012,000 in 2024, showing a reduction of 4.3%[80] Cash Flow and Liquidity - The net cash generated from operating activities in the first half of 2025 was RMB 982,758,000, significantly up from RMB 136,046,000 in the same period last year[24] - Cash and cash equivalents as of June 30, 2025, were RMB 2,716,935,000, compared to RMB 1,427,698,000 at the end of 2024[23] - The company reported a net cash increase of RMB 1,289,307,000 for the six months ended June 30, 2025, compared to RMB 1,972,578,000 in the same period of 2024[69] - The company has sufficient bank credit facilities available for daily operations and to meet financial obligations due within the next twelve months[73] Assets and Liabilities - Total assets as of June 30, 2025, amounted to RMB 31,556,376 thousand, an increase from RMB 30,675,358 thousand at the end of 2024[66] - Total liabilities rose to RMB 18,261,557 thousand from RMB 17,219,480 thousand, indicating an increase of 6.1%[67] - The company's asset-liability ratio increased to 57.87% as of June 30, 2025, compared to 56.13% at the end of 2024[24] - The total borrowings as of June 30, 2025, amounted to RMB 10,136,722,000, up from RMB 9,517,913,000 as of December 31, 2024, indicating a growth of about 6.5%[106] Shareholder Information - The total issued share capital as of June 30, 2025, was RMB 4,579,178,977, with 4,579,178,977 shares issued at a par value of RMB 1 per share[38] - The major shareholder, Capital Airport Group Co., Ltd., holds 2,699,814,977 domestic shares, representing 58.96% of the total issued shares[39] - The company has a 58.96% equity stake held by the Capital Airport Group as of June 30, 2025, consistent with the previous year[117] Corporate Governance - The Audit and Risk Management Committee, consisting of four independent non-executive directors, is responsible for overseeing the company's financial reporting and risk management[49] - The company has complied with the Corporate Governance Code, with a minor deviation regarding the attendance of non-executive directors at the annual general meeting held on June 27, 2025[51] - The company strictly adhered to the Securities Trading Code for directors and employees during the six months ending June 30, 2025[52] Management Changes - Mr. Song Kun will be appointed as the executive director and chairman of the board starting June 26, 2025[53] - Mr. Li Yongbing will become the general manager of the company starting June 30, 2025[53] - The company will no longer have a supervisory board starting August 28, 2025, following the resignation of Mr. Liu Chuncheng as supervisor and chairman of the supervisory board[55] - The board currently consists of 10 members, including 2 executive directors, 3 non-executive directors, 1 employee director, and 4 independent non-executive directors[57] Future Plans - The company plans to enhance operational efficiency and improve passenger experience in the second half of 2025[20] - The company will focus on optimizing resource allocation and maximizing value in its duty-free business[21] - The company plans to issue up to RMB 4 billion in medium-term notes and RMB 4 billion in short-term financing bonds, pending approval at the extraordinary general meeting on August 28, 2025[48] Miscellaneous - There were no significant mergers or disposals during the six-month period ending June 30, 2025[26] - The company did not conduct any purchases, sales, or redemptions of its listed securities during the same period[27] - The company has no significant investments or plans for major investments, capital assets, or significant financing as of June 30, 2025[30][31] - The company has no major litigation or arbitration cases as of June 30, 2025[36]

来源：格隆汇APP 格隆汇9月26日丨根据联交所最新权益披露资料显示，2025年9月23日，北京首都机场股份(00694.HK)遭 Mitsubishi UFJ Financial Group, Inc.在场内以每股均价2.8271港元减持111.6万股，涉资约315.5万港元。 减持后，Mitsubishi UFJ Financial Group, Inc.最新持股数目为168,838,000股，持股比例由9.04%下降至 8.98%。 | 表相序财 | 大股票/董事/励墓行及人員名 作出授鼎的夏人 / 贺出城市及的 母版的平均價 | | | 持有機益的股份點目 估已發行的內閣事件的目 相關法黨及 個權證借益 | | | --- | --- | --- | --- | --- | --- | | | 反始數目 | | | (具备受上述*E 资股票都股票(日/月/ 份權益 | | | | | | | 伊 出来国际 | | | CS20250925E00007 Mitsubishi UFJ Financial | 110 11 | Sales on France Ca | STATUTION OF COLLEC ...

| 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 費出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的有關事件的日 相關法 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 原因 | 股份數目 | | | (請參閱上述*註 有投票權股期(日/月/ 份權益 | | | | | | | | | 份百分比 年) | | | | | | | | | 96 | | | CS20250925E00007 | 1201(L) Mitsubishi UFJ Financial | | | 1,116,000(L) | HKD 2.8271 | 168,838,000(L) | 8.98(L)23/09/2025 | | | Group, Inc. | | | | | | | 格隆汇9月26日丨根据联交所最新权益披露资料显示，2025年9月23日，北京首都机场股份(00694.HK)遭Mitsubishi UFJ Financial Group, Inc.在场内以每股均价 2.8271港元减持111.6万股，涉资 ...

Group 1 - Mitsubishi UFJ Financial Group, Inc. reduced its stake in Beijing Capital International Airport (00694) by 1.116 million shares at a price of HKD 2.8271 per share, totaling approximately HKD 3.155 million [1] - After the reduction, Mitsubishi UFJ's latest shareholding stands at approximately 169 million shares, representing a holding percentage of 8.98% [1]

Group 1 - Mitsubishi UFJ Financial Group, Inc. reduced its stake in Beijing Capital International Airport (00694) by 1.116 million shares at a price of HKD 2.8271 per share, totaling approximately HKD 3.155 million [1] - After the reduction, Mitsubishi UFJ Financial Group's remaining shareholding is approximately 169 million shares, representing a holding percentage of 8.98% [1]

Group 1 - Mitsubishi UFJ Financial Group, Inc. reduced its stake in Beijing Capital International Airport (00694) by 1.116 million shares at a price of HKD 2.8271 per share, totaling approximately HKD 3.155 million [1] - After the reduction, Mitsubishi UFJ's latest shareholding stands at approximately 169 million shares, representing a holding percentage of 8.98% [1]

Core Viewpoint - Airline stocks collectively declined, with significant drops observed in major airlines such as China Southern Airlines, Air China, and China Eastern Airlines, indicating a challenging market environment for the sector [1] Group 1: Market Performance - As of the report, China Southern Airlines (600029) fell by 4.93% to HKD 3.86, Air China (601111) decreased by 4.34% to HKD 5.29, China Eastern Airlines (00670) dropped by 2.6% to HKD 3, and Capital Airport (00694) declined by 1.43% to HKD 2.75 [1] - The report from Cathay Securities highlighted a recovery in commercial demand year-on-year for April and May, which supported airlines in reducing fuel costs during the off-peak season, leading to a significant reduction in losses for Q2 [1] Group 2: Demand and Pricing Dynamics - Unexpected weakness in commercial demand during July and August resulted in a lack of profitability during the summer travel season, despite a projected year-on-year increase in summer profits due to the offsetting effects of falling ticket prices and oil prices [1] - The report suggests monitoring the recovery of commercial demand after the important October meetings, with initial signs of strong demand in September potentially indicating that the summer's unexpected weakness may be temporary [1] Group 3: Future Outlook - If the recovery in commercial demand proves sustainable, it is anticipated that the profit center for airlines will significantly rise starting in 2026, with state-owned airlines in China expected to benefit from reduced internal competition [1] - The Civil Aviation Administration of China is expected to continue controlling flight schedule growth for the winter season of 2025/26, which, along with low-price management during the off-peak season, will help airlines significantly reduce losses and potentially achieve profitability for the entire year of 2025 [1]