Core Insights - The aviation and airport sector experienced a significant increase of 3.36% on January 19, with China Eastern Airlines leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Stock Performance - China Eastern Airlines (600115) closed at 6.13, up 6.06%, with a trading volume of 1.6115 million shares and a transaction value of 979 million [1] - Southern Airlines (600029) closed at 7.75, up 4.31%, with a trading volume of 937,300 shares and a transaction value of 720 million [1] - Air China (601111) closed at 8.81, up 4.14%, with a trading volume of 1.3003 million shares and a transaction value of 1.141 billion [1] - Spring Airlines (601021) closed at 58.46, up 3.87%, with a trading volume of 75,900 shares and a transaction value of 441 million [1] - Other notable performances include Xiamen Airport (600897) at 17.27, up 2.37%, and Shanghai Airport (600009) at 31.72, up 1.05% [1] Capital Flow - The aviation and airport sector saw a net inflow of 27.1067 million in main funds, while retail funds experienced a net inflow of 54.5283 million [2] - The sector's overall capital flow indicates a mixed sentiment, with main funds showing a net outflow in some stocks while retail investors contributed positively [2][3] Individual Stock Capital Flow - Hainan Airlines (600221) had a main fund net outflow of 56.1893 million, while retail investors showed a net outflow of 28.2785 million [3] - Shanghai Airport (600009) recorded a main fund net inflow of 41.0025 million, but retail investors had a net outflow of 50.1886 million [3] - Southern Airlines (600029) saw a main fund net inflow of 23.9450 million, with retail investors also showing a net outflow of 13.4306 million [3] - Other stocks like Xiamen Airport (600897) and Shenzhen Airport (000089) also reflected varied capital flows, indicating differing investor sentiments across the sector [3]

Core Insights - The Baiyun Airport port has seen over 1 million inbound and outbound passengers since the beginning of 2026, achieving this milestone three days earlier than in 2025, with a year-on-year increase of 20.5%, setting a new record for the same period [1][3] - The rapid growth in foreign passenger traffic at the port reflects the resilience and vitality of the region's high-level openness, with over 430,000 foreign travelers recorded from January 1 to January 19, 2026, marking a 56.9% increase year-on-year [3][5] - The airport has entered an operational phase with "five runways and three terminals," establishing a route network covering 105 major cities globally, with over 146 international routes and nearly 30 intercontinental destinations [5][7] Passenger Traffic and Services - The port is expected to experience a new peak in passenger traffic during the upcoming Spring Festival, with daily inbound and outbound passenger flow potentially reaching 58,000 [7] - To enhance efficiency in processing the growing passenger traffic, the Baiyun border inspection station has introduced the "Zhuoyue Zhixun" intelligent assistant and optimized temporary entry permit services, promoting online filling of entry cards [7] - The station has also improved its smart border inspection capabilities, increasing the quick clearance rate for crew members from 11% to 90%, thereby supporting efficient international air transport operations [7]

格隆汇1月19日丨白云机场(600004.SH)公布，鉴于2026年春运临近，为进一步优化航站楼资源配置，营 造欢乐祥和、顺畅高效的出行环境，更好满足广大旅客出行需求，T1航站楼航司将分批转场至T3航站 楼，部分国内航班将仍在T1运营，转场时间另行确定。 ...

重要内容提示： 案件所处的诉讼（仲裁）阶段：判决阶段 上市公司子公司所处的当事人地位：被上诉人（一审被告） 证券代码：600004 证券简称：白云机场 公告编号：2026－004 广州白云国际机场股份有限公司 关于子公司收到民事判决书的公告 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。 广州白云国际机场股份有限公司（以下简称"公司"）全资子公 司广州白云国际机场二号航站区管理有限公司（以下简称"二号航管 公司"）近日收到广东省高级人民法院《民事判决书》（（2025）粤 民终 1051 号），现将主要内容公告如下： 一、 基本情况 本判决为终审判决。 三、 对公司本期利润或期后利润等的影响 公司将依据会计准则的要求和实际情况进行相应的会计处理，对 公司本期利润或期后利润影响以会计师年度审计确认后的结果为准。 本次判决对公司生产经营未产生实质性影响。 四、尚未披露的其他诉讼、仲裁事项 广州德高空港广告有限公司因经营合同纠纷起诉二号航管公司， 该案具体情况详见公司 2025 年 3 月 5 日披露的《关于子公司收到民 事判决书的公 ...

证券代码：600004 证券简称：白云机场 公告编号：2026－003 广州白云国际机场股份有限公司 关于白云机场 T1 航站楼航司分批转场至 T3 航站楼的 公告 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。 广州白云国际机场股份有限公司（以下简称"公司"）于 2026 年 1 月 16 日发布《关于 T1 航站楼切换运营并暂时关闭的公告》（公 告编号 2026-002），鉴于 2026 年春运临近，为进一步优化航站楼资 源配置，营造欢乐祥和、顺畅高效的出行环境，更好满足广大旅客出 行需求，T1 航站楼航司将分批转场至 T3 航站楼，部分国内航班将仍 在 T1 运营，转场时间另行确定。敬请广大投资者理性投资，注意投 资风险。 特此公告。 广州白云国际机场股份有限公司董事会 2026 年 1 月 20 日 ...

白云机场公告称，鉴于2026年春运临近，为优化航站楼资源配置，T1航站楼航司将分批转场至T3航站 楼，部分国内航班仍在T1运营，转场时间另行确定。公司曾于1月16日发布T1航站楼切换运营并暂时关 闭的公告。 ...

Core Insights - The Baiyun Airport port has seen over 1 million inbound and outbound passengers as of January 19, 2026, marking a 20.5% year-on-year increase and setting a new record for the same period [1] - The airport serves as a key hub in the Guangdong-Hong Kong-Macao Greater Bay Area, with an average daily traffic of over 55,000 passengers, achieving a strong start to the year [1] - With the Spring Festival approaching in 2026, the port is expected to experience another surge in passenger flow, potentially reaching 58,000 passengers in a single day [1]

Core Insights - The Guangzhou Baiyun Airport Phase III project, the largest airport expansion in China's civil aviation history, has made significant progress with the delivery of 5,220 housing units for displaced residents [1][3] - The total investment for the Baiyun Airport expansion exceeds 100 billion yuan, affecting 62 villages and displacing approximately 62,000 residents [1] - The Phase III housing project includes 15 resettlement areas with a total construction area of over 12.5 million square meters, making it the largest ongoing resettlement housing project in Guangdong Province [1] Group 1 - The first batch of resettlement housing, covering an area of about 76,000 square meters and totaling 370,000 square meters in construction, includes 15 residential buildings and supporting facilities, accommodating 2,652 households [3] - The construction team implemented an integrated construction system that includes aluminum formwork and full cast-in-place exterior walls, achieving a maximum construction efficiency of one floor every five days, significantly exceeding industry averages [3] - The project was completed six months ahead of schedule, with a comprehensive acceptance achieved [3] Group 2 - The Baiyun Airport T3 terminal opened in October last year, along with the successful operation of the fourth and fifth runways, creating a new hub layout of "three terminals and five runways" [4] - This expansion has greatly enhanced the airport's physical capacity and fundamentally optimized its operational layout, significantly improving the comprehensive support capabilities of Baiyun Airport [4] - The opening of T3 has led to plans for the closure and renovation of the T1 terminal, with airlines transitioning in phases [4]

Core Viewpoint - The establishment of a dedicated pet terminal at Guangzhou Baiyun International Airport signifies a growing trend in the pet industry, catering to the increasing demand for pet travel services and products, enhancing the travel experience for pet owners and their pets [5][20]. Group 1: Pet Terminal Services - The Baiyun Pet Terminal offers comprehensive services including pet quarantine document processing, ticket booking, check-in, pet boarding, grooming, and calming services, allowing for a seamless travel experience for pets and their owners [9][15]. - The check-in process for pets has been significantly streamlined, reducing the time required from two hours to just half an hour, and the processing time for pet travel documents has decreased from seven days to two to three days [19][20]. - The terminal has partnered with 22 airlines, providing over 100 routes that allow pets to travel in the cabin, making it more convenient for pet owners to travel with their pets [20][21]. Group 2: Pet Care Products - The first batch of "Meng Pet Goods" includes two specially designed pet care packages for dogs and cats, each containing 12 professional products for daily care, minor illness treatment, and post-illness care [22][26]. - These care packages aim to address common issues such as gastrointestinal discomfort and colds, ensuring pets remain healthy and happy during travel and at home [29]. - The introduction of these care packages reflects a shift in perspective, treating pets as family members rather than mere cargo during travel [23].

Core Viewpoint - By 2025, China's total air passenger population is expected to exceed 500 million, leading to a recovery and growth in the civil aviation market, which provides fertile ground for the construction of aviation hubs [1] Group 1: Aviation Hub Rankings and Development - The top three cities in terms of passenger throughput in 2025 are Shanghai, Beijing, and Chengdu, followed by Guangzhou, Shenzhen, Hangzhou, Chongqing, Kunming, Xi'an, and Nanjing [2] - The Civil Aviation Administration of China (CAAC) will release the implementation plan for the top ten international aviation hubs in 2026, emphasizing international connectivity [1][3] - The "3+7+N" framework for international aviation hub development includes three major hubs (Beijing, Shanghai, Guangzhou), seven regional hubs (Chengdu, Shenzhen, Chongqing, Kunming, Xi'an, Urumqi, Harbin), and several other regional hubs [1][3] Group 2: Chengdu's Growth as an Aviation Hub - Chengdu's international aviation hub is projected to achieve a passenger throughput of over 90 million by 2025, making it the third city in mainland China to enter the "90 million club" [4] - The Chengdu Tianfu Airport is ranked fifth among national airports, maintaining a stable position [4] - Chengdu's dual airport strategy, with Tianfu and Shuangliu airports, enhances its global competitiveness and supports local economic growth [5][6] Group 3: Guangzhou's Infrastructure Developments - Guangzhou's Baiyun Airport is set to become the first airport in China with five operational runways, increasing its capacity to serve 140 million passengers [7] - The new airport project in Guangzhou has received official approval, marking a significant step in enhancing the city's status as an international aviation hub [8] Group 4: Economic Impact of Aviation Hubs - International aviation hubs are crucial for attracting global talent and innovation, enhancing the efficiency of supply chains and logistics for high-tech industries [9][10] - The integration of aviation networks supports the development of financial hubs, facilitating capital flow and market access [9][10] Group 5: Future Plans and Strategic Goals - The CAAC aims to establish a comprehensive international aviation hub system by 2035, focusing on enhancing transportation scale, international coverage, and transfer efficiency [16] - The "3+7+N" framework reflects the optimization of China's economic spatial structure, with different tiers of hubs playing various strategic roles in regional development [16]