Core Viewpoint - Baiyun Airport (600004.SH) has signed a cooperation contract with China Duty Free Group for the operation of duty-free projects at the T3 terminal, transferring the operating rights of specific areas to China Duty Free Group for a period of 10 years from the date the international functions of T3 terminal commence [1] Group 1 - The contract allows China Duty Free Group to operate duty-free goods within the scope permitted by national policies [1] - The duration of the contract is set for 10 years, indicating a long-term partnership between Baiyun Airport and China Duty Free Group [1] - The agreement is expected to enhance the airport's revenue through increased duty-free sales [1]

Group 1 - The company, Guangzhou Baiyun International Airport Co., Ltd., released a production and operation data report for July 2025 [1] - The report emphasizes that the data presented is preliminary and may differ from actual figures [1] - The data is sourced from internal statistics and is intended for investor reference [1]

Core Viewpoint - The development of airport city clusters in China is reshaping global connectivity and creating unparalleled competitive advantages in the international aviation sector [1][3]. Summary by Sections Airport City Clusters Performance - The rise of China's airport city clusters has significantly improved global city connectivity, offering higher flight frequencies, diverse route options, and broader international destination networks [1][3]. - In the first half of 2025, the Greater Bay Area airport city cluster showed outstanding performance, with Guangzhou Baiyun International Airport handling 400.36 million passengers, a year-on-year increase of 9.2% [3][4]. - Shenzhen Bao'an International Airport achieved a passenger throughput of 32.57 million, up 10.9% year-on-year, marking a record high for the airport [4][5]. International and Regional Connectivity - Guangzhou Baiyun International Airport has successfully opened or increased multiple international and regional routes, surpassing 1,600 weekly flights to 93 international and regional destinations [4]. - Shenzhen Airport's international passenger volume reached 3.054 million, a 30.7% increase, with over 20,000 international flights, reflecting a 26.1% growth [4][5]. Economic Integration and Development - The development of airport city clusters is accelerating regional economic integration, promoting the formation of "one-hour economic circles" in cities like Beijing, Tianjin, Hebei, and the Greater Bay Area [6][9]. - The four major world-class airport clusters in China accounted for 50.7% of the national passenger throughput in 2024, with significant growth rates observed in the Chengdu-Chongqing cluster [9][10]. Global Aviation Network - China's airport city clusters are breaking the traditional aviation hub distribution dominated by Europe and North America, with major airports like Shanghai Pudong and Beijing Capital leading in passenger throughput [9][14]. - The establishment of a multi-centered network layout is expected to promote a more balanced allocation of global aviation resources, providing new opportunities for developing countries in the international aviation market [14][15].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 项目 月度 累计 本月数 同比增长 累计数 同比增长 一、起降架次（架次） 48,413.00 7.92% 314,222.00 7.16% 其中：国内航线 37,994.00 7.40% 245,793.00 5.15% 地区航线 383.00 -0.78% 2,612.00 -2.28% 国际航线 10,036.00 10.27% 65,817.00 15.89% 二、旅客吞吐量（人次） 7,123,014.00 6.32% 47,158,909.00 8.78% 其中：国内航线 5,627,375.00 4.34% 37,474,574.00 5.91% 地区航线 59,613.00 2.18% 389,068.00 3.57% 国际航线 1,436,026.00 15.06% 9,295,267.00 22.41% 三、货邮吞吐量（吨） 207,154.53 3.84% 1,376,051.09 2.24% 其中：国内航线 71,948.80 12.34% 482,865 ...

Core Viewpoint - Baiyun Airport, a major aviation hub in China, is undergoing significant expansion to enhance its capacity and services, with a focus on the completion of the T3 terminal by the end of 2025 and an overall investment of 53.77 billion yuan in the expansion project [1] Company Overview - Baiyun Airport operates Guangzhou Baiyun International Airport and is involved in various sectors including aviation services, commercial leasing, and ground services [1] - The airport is a key hub in the Guangdong-Hong Kong-Macau Greater Bay Area [1] Expansion Plans - The third phase of the expansion project will add two runways and a comprehensive transportation center, increasing the airport's operational capacity to five runways and two terminal areas [1] - The annual passenger throughput capacity is expected to rise to 140 million passengers [1] - The T3 terminal is projected to be operational by the end of 2025 [1] Passenger Traffic - By 2025, the number of inbound and outbound passengers at Baiyun Airport is anticipated to exceed 10 million, achieving this milestone 41 days earlier than the previous year [1]

Market Performance - The aviation and airport sector increased by 0.23% on August 7, with Shenzhen Airport leading the gains [1] - The Shanghai Composite Index closed at 3639.67, up 0.16%, while the Shenzhen Component Index closed at 11157.94, down 0.18% [1] Individual Stock Performance - Shenzhen Airport (000089) closed at 7.24, up 1.54% with a trading volume of 148,200 shares and a turnover of 107 million yuan [1] - Xiamen Airport (600897) closed at 14.86, up 0.68% with a trading volume of 24,100 shares and a turnover of 35.68 million yuan [1] - Spring Airlines (601021) closed at 52.86, up 0.63% with a trading volume of 29,000 shares and a turnover of 153 million yuan [1] - China Eastern Airlines (600115) closed at 3.83, up 0.52% with a trading volume of 446,600 shares and a turnover of 171 million yuan [1] - China Southern Airlines (600029) closed at 5.74, up 0.35% with a trading volume of 265,100 shares and a turnover of 152 million yuan [1] - China National Aviation (601111) closed at 7.28, up 0.28% with a trading volume of 548,700 shares and a turnover of 26.66 million yuan [1] Capital Flow Analysis - The aviation and airport sector experienced a net outflow of 3.73 million yuan from institutional investors and 5.50 million yuan from speculative funds, while retail investors saw a net inflow of 9.23 million yuan [2] - The capital flow for individual stocks shows that China Southern Airlines had a net inflow of 111.51 million yuan from retail investors, while Xiamen Airport had a net outflow of 342,000 yuan from institutional investors [3]

Core Points - Guangzhou Baiyun International Airport has launched 10 new facilitation measures to enhance customs clearance efficiency, including optimized transit procedures and reduced minimum connection times for international and domestic flights [1][5][6] - The airport is set to enter a new phase with the upcoming T3 terminal and the completion of the third-phase expansion project, aiming to become a world-class aviation hub with a target of reaching Southeast Asia in 4 hours and the globe in 12 hours [5][10] Summary of Measures - The new measures include shortening minimum connection times: 60 minutes for international to international transfers within the same terminal, 90 minutes for international to domestic, and 120 minutes for cross-terminal transfers [6][7] - Upgrades to the international transit area in Terminal 2, including self-service kiosks and optimized temporary entry permit review areas, are part of the new measures [6] - Collaboration with customs and border inspection to provide expedited clearance for urgent transfers, and the introduction of a full-process transfer concierge service for flights from London to Guangzhou [6][7] - Implementation of a paperless boarding pass service in partnership with multiple airlines and a streamlined entry process for high-level talent [6][7] Performance Metrics - The optimization of customs procedures is expected to improve international transfer efficiency by approximately 40% [7] - In the first half of the year, Baiyun Airport handled 26.6 million flights and 40.04 million passengers, with a year-on-year increase of 7.0% and 9.2% respectively [8] - The international and regional business segments showed significant growth, with flight numbers increasing by 16.1% and passenger numbers by 22.9% [8] Infrastructure Developments - The third-phase expansion project, with a total investment of 53.77 billion yuan, includes the construction of the T3 terminal and additional runways, aiming to accommodate 140 million passengers and over 6 million tons of cargo annually [10] - The completion of the fifth runway and the T3 terminal is expected to enhance the airport's global competitiveness [7][10] Strategic Initiatives - Baiyun Airport has opened or enhanced 19 international and regional passenger routes in the first half of the year, expanding its network to cover 93 international and regional destinations [8] - The airport is also focusing on improving the efficiency of cross-border e-commerce and cold chain logistics [9]

广州多区升级暴雨橙色预警信号。据航班管家，截至09:50，广州白云机场延误航班311架次，延误率 38%，取消航班363架次，取消率20%。 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000099 | 中信海直 | 23.66 | 1.76% | 50.05万 | | 11.59亿 | | 600221 | 海航控股 | 1.52 | 1.33% | 412.06万 | | 6.27亿 | | 000089 | 深圳机场 | 7.21 | 1.12% | 19.68万 | | 1.42 Z | | 600004 | 白云机场 | 9.46 | 0.96% | 10.59万 1 | | 9993.12万 | | 603885 | 吉祥航空 | 12.50 | 0.89% | 16.35万 | | 2.04亿 | | 600115 | 中国东航 | 3.82 | 0.79% | 49.67万 | | 1.89亿 | | 600009 | 上海机场 | 32.34 | 0.72% | 6.65万 | | 2.15亿 | | 600029 | 南方航空 | 5.73 | 0.70% | 31.48万 | | 1.80亿 ...

Group 1 - Guangzhou Baiyun Airport plans to operate 1,599 flights on August 5, with 796 departures and 803 arrivals [1] - Due to heavy rainfall, Baiyun Airport activated an orange alert for widespread flight delays at 14:29, with 120 departing flights delayed by over one hour [1] - Shenzhen Airport initiated a yellow alert for widespread flight delays at 10:00 AM, with airlines preemptively canceling 50 flights to and from Shenzhen [1]