Group 1 - The core point of the article is the operational transition of international flights from T1 to T3 terminal at Baiyun Airport, effective from January 22, 11:30 AM [1] - A total of 30 international (regional) airlines, along with China Eastern Airlines, Hainan Airlines, Shenzhen Airlines, and Spring Airlines, will move their international flights to T3 terminal [1] - Domestic flights operated by Air China, Hainan Airlines, Shenzhen Airlines, and others will continue to operate from T1 terminal, except for Spring Airlines [1] Group 2 - Baiyun Airport's T1 terminal, which has been in operation for over 20 years, plans to initiate upgrade and renovation work after serving the Spring Festival travel peak this year [1] - The upgrade aims to better meet the travel needs of passengers in the future [1]

Group 1 - Starting from January 22 at 11:30, all international (regional) airlines operating in Terminal 1 (T1) will transfer their flights to Terminal 3 (T3) [1] - The domestic flights of Air China, Hainan Airlines, Shenzhen Airlines, and other domestic airlines that originally operated in T1 will continue to operate from T1, except for Spring Airlines [1] - The T1 terminal of Baiyun Airport, which has been in operation for over 20 years, plans to gradually initiate upgrade and renovation work after serving this year's Spring Festival travel peak, aiming to better meet passenger travel needs in the future [1]

Core Insights - Guangzhou Customs reported that by 2025, the total number of imported aircraft under bonded leasing at Guangzhou Baiyun Airport Customs will reach 30, with a total value of approximately 14.56 billion yuan, representing a year-on-year increase of 37% [1] Group 1: Import of Helicopters - The first batch of three imported helicopters arrived at Baiyun Airport, intended for emergency rescue services in Guangdong and transportation support for offshore oil drilling platforms [2] - Two of the helicopters are Airbus H175 models, capable of performing various tasks such as rescue operations, patient transport, and material delivery, addressing the emergency rescue gap in complex scenarios like mountain disasters and maritime emergencies in Guangdong [2] - The third helicopter is an Airbus H160, designed for transporting equipment and personnel to offshore oil drilling platforms, meeting the demand for efficient and safe transportation services in the oil and gas development sector [2] Group 2: Customs Policy and Efficiency - Guangzhou Customs has implemented a "remote entrusted supervision" reform to optimize the regulatory process for bonded leasing aircraft, which is characterized by short leasing periods and high turnover [2] - This policy allows companies to declare in the Nansha Comprehensive Bonded Zone, with on-site supervision conducted by Guangzhou Baiyun Airport Customs, eliminating the need for physical entry and exit of the equipment from the bonded zone to enjoy bonded policies [2] - As a result of this policy, the imported helicopters can directly arrive at Baiyun Airport from abroad, significantly reducing enterprise costs and saving approximately two days of transportation time per flight [2]

Core Viewpoint - The aviation and airport sector experienced a decline of 1.17% on January 21, with China Eastern Airlines leading the drop, while the Shanghai Composite Index rose by 0.08% and the Shenzhen Component Index increased by 0.7% [1]. Group 1: Market Performance - The closing price of China Eastern Airlines was 6.22, reflecting a decrease of 2.20% with a trading volume of 1,109,700 shares and a transaction value of 6.95 million [2]. - The aviation and airport sector saw a net outflow of 84.83 million from major funds, while retail investors experienced a net outflow of 10.9 million, and speculative funds had a net inflow of 194 million [2][3]. Group 2: Individual Stock Performance - China National Aviation (China National Airlines) had a net outflow of 22.99 million from major funds, with a net inflow of 5.52 million from speculative funds and a net outflow of 28.51 million from retail investors [3]. - Xiamen Airport reported a net outflow of 2.03 million from major funds, while speculative funds had a net inflow of 1.35 million, and retail investors saw a net inflow of 0.68 million [3]. - Shenzhen Airport experienced a net inflow of 12.93 million from major funds, with a net inflow of 2.77 million from speculative funds and a net outflow of 15.69 million from retail investors [3].

证券日报网讯 1月20日，白云机场（600004）在互动平台回答投资者提问时表示，公司已建立财务共享 中心，持续推进财务信息化和数字化建设，不断提高会计核算质量，提升财务管理效率。 ...

Core Viewpoint - The aviation and airport sector experienced a notable increase of 2.53% on January 20, with Southern Airlines leading the gains, while the overall stock market indices showed slight declines [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4113.65, down 0.01%, and the Shenzhen Component Index closed at 14155.63, down 0.97% [1]. - Southern Airlines saw a closing price of 8.13, with a rise of 4.90%, and a trading volume of 936,000 shares, resulting in a transaction value of 750 million yuan [1]. - China Eastern Airlines closed at 6.36, up 3.75%, with a trading volume of 1,763,300 shares and a transaction value of 1.111 billion yuan [1]. Group 2: Individual Stock Performance - China National Aviation Holdings closed at 9.10, increasing by 3.29%, with a trading volume of 991,800 shares and a transaction value of 895 million yuan [1]. - Shenzhen Airport's closing price was 7.16, up 2.43%, with a trading volume of 294,900 shares and a transaction value of 209 million yuan [1]. - Shanghai Airport closed at 32.37, rising by 2.05%, with a trading volume of 206,900 shares and a transaction value of 666 million yuan [1]. Group 3: Capital Flow - The aviation and airport sector saw a net inflow of 137 million yuan from main funds, while retail investors experienced a net outflow of 1.22 billion yuan [2]. - Southern Airlines had a net outflow of 57.22 million yuan from main funds, with retail investors also showing a net outflow of 38.10 million yuan [3]. - Shanghai Airport recorded a net inflow of 45.37 million yuan from main funds, while retail investors had a net outflow of 34.33 million yuan [3].

Core Viewpoint - The ground comprehensive service industry in China's civil aviation sector is experiencing rapid growth, driven by the recovery of air transport and supportive government policies, with the market expected to reach 230 billion yuan in 2024, reflecting a year-on-year increase of 2.2% [1][5]. Industry Overview - Ground comprehensive services encompass essential services provided when aircraft arrive and depart from airports, including management, passenger services, baggage handling, cargo services, and aircraft maintenance [3]. - The industry is crucial for aviation safety and significantly impacts the efficiency and quality of services provided to airlines and consumers [3]. Market Size and Trends - The market size of China's ground comprehensive services reached 250 billion yuan in 2019, fluctuated due to the pandemic from 2020 to 2022, and is recovering with a projected market size of 230 billion yuan in 2024 [1][5]. - The number of transport airports in China is expected to increase to 263 by the end of 2024, further driving demand for ground services [5]. Policy Support - The government has introduced various policies to enhance ground services, including guidelines for optimizing first-time passenger services and regulations for managing airport service operations [4]. Competitive Landscape - The ground comprehensive service market is highly competitive, with major players including large airlines like China Eastern Airlines and China Southern Airlines, specialized ground service companies, and airport management firms [6][7]. - Large airlines dominate the market due to their extensive service networks and operational experience, while specialized companies excel in specific service areas [6]. Development Trends - Digital transformation is reshaping the industry, enabling better demand forecasting and resource optimization through data analysis [9]. - The industry is moving towards green and sustainable practices, incorporating eco-friendly vehicles and energy-efficient equipment to reduce environmental impact [10]. - Service models are diversifying to meet individual passenger needs, introducing innovative services like exclusive transfers and smart baggage tracking [12]. - Market competition is intensifying as more companies enter the sector, leading to increased consolidation and a need for companies to enhance their competitiveness [13].

Core Insights - Guangzhou Customs anticipates that by 2025, the total number of inbound and outbound passengers at Baiyun Airport will exceed 18.6 million, representing a year-on-year increase of 19.4%, marking a six-year high [1] - The import and export cargo volume is expected to surpass 1.5 million tons, with an 8.3% year-on-year increase, and air import efficiency ranks among the best in the country [1] Group 1 - Baiyun International Airport is one of China's three major international aviation hubs, covering over 230 global destinations, with an average of over 50,000 inbound and outbound passengers and over 4,000 tons of cargo daily [1] - Guangzhou Customs has implemented 20 detailed measures to further facilitate customs clearance at the airport, enhancing passenger and cargo processing [1] - For passenger clearance, technologies such as pre-inspection, remote background checks, and intelligent image review are utilized to enable "seamless clearance" for compliant travelers [1] Group 2 - For cargo clearance, Guangzhou Customs ensures that fresh, urgent, and special goods are processed immediately upon arrival, while providing appointment-based clearance services for non-urgent cargo [1] - Customized services are offered to key enterprises, addressing their specific needs, and 29 new, enhanced, or restored passenger and cargo routes are planned for Baiyun Airport, with 13 connecting to Belt and Road Initiative countries [1] - Guangzhou Customs is the first in the country to pilot smart air cargo management scenarios, integrating over 30 smart customs projects into the entire customs clearance process and logistics management [2]

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]