Group 1 - The company announced the convening of the fifth session of the third employee representative assembly on September 16, 2025 [1] - Liu Jiliang was elected as the employee director of the company, with his term starting from the date of the election [1] - The term will last until the end of the ninth board of directors' term, which concludes at the annual general meeting for the fiscal year ending December 31, 2025 [1]

Core Viewpoint - Beijing Capital International Airport Company Limited (00694.HK) held its fifth session of the third employee representative assembly on September 16, 2025, where Liu Jiliang was elected as the employee director, with his term effective from the election date until the end of the ninth board's term, which concludes at the annual shareholders' meeting for the fiscal year ending December 31, 2025 [1] Group 1 - The company convened the employee representative assembly on September 16, 2025 [1] - Liu Jiliang was elected as the employee director during the assembly [1] - The term of Liu Jiliang will last until the end of the ninth board's term, specifically until the annual shareholders' meeting in 2025 [1]

董事名單與其角色和職能 北京首都國際機場股份有限公司（「本公司」）董事會（「董事會」）成員載列如下： 執行董事： 宋鵾先生 （董事長） 李勇兵先生 （總經理） 非執行董事： 杜強先生 薛榮國先生 沈蘭成先生 職工董事： 劉基亮先生 獨立非執行董事： - 2 - 張加力先生 許漢忠先生 王化成先生 段東輝女士 - 1 - 本公司設立四個董事會轄下的專門委員會，各董事會成員擔任該等專門委員會成員之資 料載列如下： | | | 薪酬與考核 | 審核與風險 | 戰略與可持續 發展(ESG) | | --- | --- | --- | --- | --- | | 董事 | 提名委員會 | 委員會 | 管理委員會 | 委員會 | | 宋鵾先生 | 成員 | | | 主席 | | 李勇兵先生 | 成員 | | | 成員 | | 杜強先生 | | | | | | 薛榮國先生 | | | | | | 沈蘭成先生 | | 成員 | | | | 劉基亮先生 | | | | | | 張加力先生 | 主席 | 成員 | 成員 | 成員 | | 許漢忠先生 | 成員 | 主席 | 成員 | | | 王化成先生 | 成員 | 成員 | 主 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 劉基亮先生，57歲，高級政工師。劉先生畢業於中國人民公安大學公安管理專業，獲法 學學士學位，並持有律師職業資格。劉先生於一九九一年七月至一九九三年十二月，任 首都機場公安分局科員；於一九九三年十二月至一九九四年十二月，任民航總局（「民航 總局」）公安局辦公室科員；於一九九四年十二月至二零零八年九月，先後任民航總局辦 公廳秘書處科員、副主任科員；局長辦公室副主任科員；秘書處主任科員；行政管理接 待信訪處主任科員、副處長；秘書處副處長；於二零零八年九月至二零零九年七月，任 民航局辦公廳秘書處處長；於二零零九年七月至二零一二年七月，任民航局綜合司秘書 處處長；於二零一二年七月至二零一五年四月，任北京首都機場餐飲發展有限公司黨委 書記、副總經理；於二零一五年四月至二零一八年四月，任北京首都機場航空安保有限 選舉職工董事 本公告由北京首都國際機場股份有限公司（「本公司」）董事（「董事」，各自為一名「董事」） 會（ ...

Group 1 - BlackRock increased its stake in Beijing Capital International Airport (00694) by 134,000 shares at a price of HKD 2.858 per share, totaling approximately HKD 383,000 [1] - Following the increase, BlackRock's total shareholding in the company is approximately 132 million shares, representing a holding percentage of 7% [1]

Group 1 - BlackRock increased its stake in Beijing Capital International Airport (00694) by 134,000 shares at a price of HKD 2.858 per share, totaling approximately HKD 383,000 [1] - Following the increase, BlackRock's total shareholding in the company is approximately 132 million shares, representing a 7% ownership stake [1]

Core Points - Beijing Capital International Airport has been awarded the "2024 Excellent Service Quality Award for Civil Airports with a Capacity of 10 Million Passengers or More" at the 2025 International Airport Expo, marking the eighth time it has received this accolade and maintaining its position in the top tier of airports in China [1] Group 1: Service Quality and Innovation - The airport has focused on enhancing passenger, airline, and employee satisfaction through a structured feedback mechanism and a digital platform called "Voice of Airlines" [3] - Six new service product lines have been launched, addressing core customer needs and improving overall service efficiency [3] - A collaborative service ecosystem has been established with 29 on-site units, achieving over 99% online processing rate for internal approvals [3] Group 2: Brand Promotion and Engagement - The airport showcased its service brand "First National Gate, Let Love Gather" at the expo, highlighting its service innovations [4] - Interactive activities at the expo engaged visitors, allowing them to experience the airport's service enthusiasm and promoting the brand on social media [7] - The event successfully increased brand reputation and member engagement, contributing to the long-term development of the airport's service platform [8]

Group 1 - The company achieved a revenue of 2.755 billion yuan in the first half of 2025, representing a year-on-year growth of 2.6%, with aviation revenue at 1.345 billion yuan, up 4.6%, and non-aviation revenue at 1.410 billion yuan, up 0.8% [1] - The company's net loss after tax was 164 million yuan, a significant reduction from a loss of 376 million yuan in the same period last year [1] - Passenger throughput reached 34.17 million, a year-on-year increase of 4.5%, with international passenger throughput growing by 21.3%, increasing its share from 17.4% to 20.2% [1] Group 2 - Non-aviation revenue was 1.410 billion yuan, with a slight year-on-year increase of 0.8%, while franchise income decreased by 4.5% to 749 million yuan [2] - Advertising revenue fell by 3.5% to 343 million yuan due to the impact of new media, while retail (duty-free) revenue grew by 1.2% to 262 million yuan, which was below the growth rate of international passenger volume [2] - Operating costs totaled 2.779 billion yuan, a decrease of 4.2% year-on-year, with franchise management fees down by 24.9% to 138 million yuan [2] Group 3 - The company maintains a strong position as an international aviation hub, with long-term commercial value expected to gradually release profitability [3] - Short-term challenges include the diversion of traffic to Daxing Airport and a slowdown in duty-free consumption growth, leading to a slower-than-expected recovery in non-aviation revenue [3] - Net profit forecasts for 2025-2027 have been adjusted to -173 million, 88 million, and 342 million yuan respectively, while maintaining a "recommended" rating [3]

Investment Rating - The report maintains a "Recommended" rating for Beijing Capital International Airport Co., Ltd. [3][5] Core Views - The company has shown a significant reduction in net loss due to effective cost control, with a tax-adjusted net loss of 164 million yuan in the first half of 2025, compared to a loss of 376 million yuan in the same period last year [1][3] - Revenue for the first half of 2025 reached 2.755 billion yuan, a year-on-year increase of 2.6%, driven by a 4.6% increase in aviation revenue and a 0.8% increase in non-aviation revenue [1][2] - The recovery in passenger volume is ongoing, with a total of 34.17 million passengers in the first half of 2025, representing a 4.5% year-on-year increase, and international passenger volume growing by 21.3% [1][2] Revenue and Profitability - Non-aviation revenue for the first half of 2025 was 1.41 billion yuan, with a decline of 4.5% in concession revenue, primarily due to a decrease in advertising revenue [2][3] - The company has successfully reduced operating costs by 4.2% year-on-year, with concession management fees down by 24.9% [2][3] - Profit forecasts for 2025-2027 have been adjusted to -173 million yuan, 88 million yuan, and 342 million yuan respectively, indicating a gradual recovery in profitability [3][4] Financial Metrics - Projected revenue for 2023 is 4.558 billion yuan, with a growth rate of 104.33%, and expected to reach 6.473 billion yuan by 2027 [4] - The net profit margin is projected to improve from -37.22% in 2023 to 5.28% in 2027, reflecting a positive trend in profitability [4] - The return on equity (ROE) is expected to turn positive by 2026, reaching 2.49% in 2027 [4]

Group 1 - BlackRock, Inc. increased its stake in Beijing Capital International Airport Co., Ltd. by purchasing 256,000 shares at an average price of HKD 3.1116 per share, totaling approximately HKD 796,600 [1][3] - Following this transaction, BlackRock's total holdings in the company rose to 131,642,593 shares, which represents a 7.00% ownership stake, up from 6.99% [1][3] - The transaction occurred on August 26, 2025, as per the latest disclosure from the Hong Kong Stock Exchange [1][2]