证券代码：600009 证券简称：上海机场 公告编号：2025-054 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。 重要内容提示： 经评估，公司决定与上海机场（集团）有限公司（以下简称"机场集团"） 签订《浦东机场三期扩建捷运资产转让合同》，向其转让浦东机场三期扩建捷运 系统工程部分资产，其账面净值为 156,802,842.98 元，转让金额合计为 161,319,898.10 元（不含税） 除日常关联交易外，过去 12 个月内公司与同一关联人或不同关联人未 进行过相同类别的其它交易 一、关联交易概述 （一）本次交易的基本情况 1、本次交易概况 为完善浦东机场旅客捷运系统，增强机场集疏运能力，根据浦东机场四期扩 建工程建设需要，归属于公司的原浦东机场三期扩建捷运系统工程部分资产需转 1 本次交易构成关联交易 本次交易不构成重大资产重组 本次交易尚需提交公司股东会审议 关于向机场集团转让浦东机场三期扩建相关捷运 资产暨关联交易的公告 让后实施拆除。经评估，公司决定与机场集团签订《浦东机场三期扩建捷运资产 转让合同》，向其转 ...

证券代码：600009 证券简称：上海机场 公告编号：临 2025-056 上海国际机场股份有限公司 关于减少公司注册资本暨修订公司章程的 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。 上海国际机场股份有限公司（以下简称"公司"）于 2025 年 11 月 20 日召开了第九届董事会第二十八次会议，审议通过了《关于减 少公司注册资本暨修订公司章程的议案》，现将具体内容公告如下： 按照相关监管规则及股权激励计划方案，结合公司实际，公司已 于近日实施完成回购注销部分限制性股票，根据证券变更登记结果， 公司股本总数已由 2,488,481,340 股变更为 2,488,313,040 股，公司 决定将注册资本由2,488,481,340元减少至2,488,313,040元并修订 《公司章程》，修订内容具体如下： 1 | | | | 原条款 | | | | | | | | | 修订后 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...

重要内容提示： 经评估，公司决定与上海机场（集团）有限公司（以下简称"机场集团"）、 上海市浦东房屋征收服务事务所有限公司（以下简称"浦东征收所"）签订《国 有土地使用权收回及设施补偿协议》，国有土地补偿费为 387,132,894 元，附属 设施补偿费为 108,496,440 元,补偿金额合计为 495,629,334 元。 除日常关联交易外，过去 12 个月内公司与同一关联人或不同关联人未 进行过相同类别的其它交易 一、关联交易概述 关于签订国有土地使用权收回及设施补偿协议 暨关联交易的公告 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。 （一）本次交易的基本情况 1、本次交易概况 为确保浦东机场四期扩建工程的顺利推进，增强浦东机场基础设施服务能力， 保障浦东机场运行及上海国际航运中心建设，公司名下国有土地使用权 146,419.40 平方米列入工程规划建设范围内被实施收回及补偿。经评估，公司 证券代码：600009 证券简称：上海机场 公告编号：2025-055 1 本次交易构成关联交易 本次交易不构成重大资产重组 本 ...

证券代码：600009 证券简称：上海机场 公告编号：2025-057 上海国际机场股份有限公司 关于召开2025年第一次临时股东会的通知 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 10 日 14 点 00 分 召开地点：上海市申昆路 588 号 A 栋 A2-101 多功能厅 (五)网络投票的系统、起止日期和投票时间 1 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。 重要内容提示： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第一次临时股东会 股东会召开日期：2025年12月10日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 10 日 至2025 年 12 月 10 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时 ...

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。 一、董事会会议召开情况 证券代码：600009 证券简称：上海机场 公告编号：临 2025-053 上海国际机场股份有限公司 第九届董事会第二十八次会议决议公告 （一）本次会议的召开符合有关法律、行政法规、部门规章、规 范性文件和《公司章程》的规定。 （二）公司于 2025 年 11 月 14 日以书面方式向全体董事发出召 开本次会议的通知。 （三）公司于 2025 年 11 月 20 日采取"通讯表决"方式召开本 次会议。 （四）公司全体董事进行了议案表决。 二、董事会会议审议情况 会议审议并一致通过了如下决议： 1、关于向机场集团转让浦东机场三期扩建相关捷运资产的议案 2、关于签订国有土地使用权收回及设施补偿协议的议案 为确保浦东机场四期扩建工程的顺利推进，增强浦东机场基础设 施服务能力，保障浦东机场运行及上海国际航运中心建设，公司名下 国有土地使用权 146,419.40 平方米列入工程规划建设范围内被实施 收回及补偿。经评估，公司决定与机场集团、上海市浦东房屋征收服 务 ...

上海机场（600009）(600009.SH)公告，公司与上海机场(集团)有限公司签订《浦东机场三期扩建捷运资 产转让合同》，向其转让浦东机场三期扩建捷运系统工程部分资产，其账面净值为1.57亿元，转让金额 合计为1.61亿元(不含税)。本次关联交易根据浦东机场四期扩建工程建设需要，为完善浦东机场旅客捷 运系统，增强机场集疏运能力。 ...

Core Viewpoint - The company has decided to transfer certain assets related to the Phase III expansion of the Pudong Airport's rapid transit system to Shanghai Airport (Group) Co., Ltd. for a total consideration of 161 million yuan, which is slightly above the book value of 157 million yuan [1] Group 1 - The transaction involves the transfer of assets with a book value of 157 million yuan [1] - The total transfer amount is 161 million yuan, excluding tax [1] - This transaction is classified as a related party transaction and requires approval from the company's shareholders' meeting [1]

Core Viewpoint - The second plenary meeting of the Yangtze River Delta Civil Aviation Airport Collaborative Development Party Building Joint Conference was held, focusing on coordinated and high-quality development in the civil aviation sector of the region [1][2]. Group 1: Meeting Highlights - The meeting was attended by key leaders from various civil aviation organizations, emphasizing the importance of learning from Xi Jinping's thoughts on regional coordinated development [2]. - Significant achievements from the past year were presented, including the establishment of a framework for emergency rescue material sharing and the launch of a collaborative operation verification platform in East China [6][7]. - Future priorities include promoting a comprehensive emergency material sharing mechanism, rapid flight transit, and the implementation of the Hongqiao Airport integration plan [6][7]. Group 2: Organizational Structure and Goals - The Joint Conference is a voluntary platform formed by airport groups from three provinces and one city in the Yangtze River Delta, aiming to integrate party building with business operations [7]. - The conference operates under the principles of "consultation, construction, governance, and sharing," with six specialized committees focusing on operations, services, emergency (safety), logistics, resources, and environment [7]. - The conference aims to leverage high-quality party building to drive high-quality development, addressing challenges in the civil aviation sector through collaborative efforts [7].

Core Insights - On November 19, brokerages provided target prices for listed companies, with notable increases for 易瑞生物 (Yirui Biotech), 中国海诚 (China Haicheng), and 健康元 (Health元), showing target price increases of 44.37%, 40.26%, and 26.01% respectively, across the medical device, professional engineering, and chemical pharmaceutical industries [1][2]. Group 1: Target Price Increases - 易瑞生物 (Yirui Biotech) received a target price of 15.00 yuan with a target increase of 44.37% from 华创证券 (Huachuang Securities) [2]. - 中国海诚 (China Haicheng) has a target price of 15.40 yuan, reflecting a 40.26% increase from 国泰海通证券 (Guotai Junan Securities) [2]. - 健康元 (Health元) was assigned a target price of 15.26 yuan, indicating a 26.01% increase from 国泰海通证券 (Guotai Junan Securities) [2]. Group 2: Brokerage Recommendations - A total of 37 listed companies received brokerage recommendations on November 19, with 伊利股份 (Yili Group) receiving recommendations from 3 brokerages, 南方航空 (Southern Airlines) from 1, and 易瑞生物 (Yirui Biotech) from 1 [3]. - 伊利股份 (Yili Group) closed at 29.58 yuan and was recommended by 3 brokerages in the beverage and dairy industry [3]. Group 3: First Coverage - On November 19, 6 companies received initial coverage from brokerages, including 潮宏基 (Chao Hong Ji) with a "Buy" rating from 首创证券 (Shouchuang Securities) [4]. - 海容冷链 (Hairong Cold Chain) received an "Increase" rating from 兴业证券 (Industrial Securities) [4]. - 风华高科 (Fenghua High-Tech) was rated "Buy" by 中邮证券 (China Post Securities) [4].

Company Dynamics - The Ministry of Finance and four other departments issued a notice on October 31, 2025, regarding the improvement of duty-free shop policies to boost consumption [2] - Shanghai Airport has recently initiated the bidding process for duty-free shop projects at Pudong and Hongqiao International Airports [2] Company Performance - The duty-free business is showing signs of improvement year-on-year, with the company reporting duty-free rental income of 314 million yuan in Q3 2025, an 18% increase compared to the previous year, marking the first positive growth since Q2 2024 [3] - The new duty-free policies from the Ministry of Finance are expected to provide additional growth opportunities for the company's duty-free business, allowing for a broader range of products to be sold at duty-free shops [3] - The new regulations permit the procurement of domestic goods for sale in duty-free shops, which will be treated as exports, exempting them from VAT and consumption tax [3] - The online sales channel may still face some pressure, but it could benefit the offline sales at port duty-free shops [3] Bidding Situation - The new bidding information indicates that certain terms may enhance the bargaining power of airports, allowing qualified domestic and reputable foreign companies to participate in the bidding process [3] - The bidding process divides different terminals at Pudong and Hongqiao airports into three segments, with restrictions on winning multiple segments [3] Profit Forecast and Valuation - The company maintains its profit forecasts for 2025 and 2026 at 2.26 billion yuan and 2.73 billion yuan, respectively [4] - The current stock price corresponds to a P/E ratio of 36.0 times and 29.7 times for 2025 and 2026, respectively, with a target price of 34.5 yuan, indicating a 6% upside potential from the current price [4]