Group 1 - The aviation and airport sector experienced a decline of 1.41% on October 24, with China National Aviation leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] - Xiamen Airport saw a closing price of 15.70, with an increase of 2.28%, while China Eastern Airlines closed at 4.85, down 1.82% [1] Group 2 - The aviation and airport sector had a net outflow of 197 million yuan from institutional investors, while retail investors saw a net inflow of 100 million yuan [2] - Shenzhen Airport had a net inflow of 14.99 million yuan from institutional investors, while China National Aviation experienced a net outflow of 10.24 million yuan [2] - The overall capital flow showed that retail investors contributed positively to some stocks, despite the overall sector decline [2]

一、离任的基本情况 证券代码：600009 证券简称：上海机场 公告编号：2025-050 上海国际机场股份有限公司 关于公司董事、总经理离任的公告 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。 | 姓名 | 离任职务 | 离任时间 | 原定任期 | 离任原因 | 是否继续在上 市公司及其控 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 到期日 | | 股子公司任职 | （如适用） | 毕的公开 | | | | | | | | | 承诺 | | 黄铮霖 | 董事、总 | 2025 年 10 月 24 日 | 至本届董事 | 个人原因 | 否 | 不适用 | 否 | | | 经理 | | 会任期届满 | | | | | | | | | 止 | | | | | 2025 年 10 月 25 日 1 二、 离任对公司的影响 2025 年 10 月 24 日，上海国际机场股份有限公司（以下简称"公司"）董事 会收到董事、总 ...

上海机场公告称，2025年10月24日，公司董事会收到董事、总经理黄铮霖的书面辞职报告。因个人原 因，黄铮霖申请辞去公司董事、董事会专门委员会委员及总经理职务，辞职后不在公司及其控股子公司 任职。其辞职自报告送达董事会时生效，未导致董事会成员低于法定最低人数。公司已指定副总经理李 政佳代行总经理职责。 ...

Market Overview - On October 23, the aviation and airport sector rose by 0.38% compared to the previous trading day, with Shenzhen Airport leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Shenzhen Airport (000089) closed at 7.40, up 3.06% with a trading volume of 554,900 shares and a turnover of 408 million yuan [1] - Xiamen Airport (600897) closed at 15.35, up 1.12% with a trading volume of 67,900 shares and a turnover of 105 million yuan [1] - China Eastern Airlines (600115) closed at 4.94, up 0.82% with a trading volume of 966,200 shares and a turnover of 473 million yuan [1] - China Southern Airlines (600029) closed at 6.66, up 0.45% with a trading volume of 608,500 shares and a turnover of 403 million yuan [1] Capital Flow - The aviation and airport sector saw a net inflow of 32.22 million yuan from institutional investors, while retail investors experienced a net inflow of 35.07 million yuan [2] - However, speculative funds recorded a net outflow of 67.29 million yuan [2] Individual Stock Capital Flow - China Southern Airlines (600029) had a net inflow of 69.47 million yuan from institutional investors, while it faced a net outflow of 34.49 million yuan from speculative funds [3] - China Eastern Airlines (600115) saw a net inflow of 39.42 million yuan from institutional investors, with a net outflow of 3.79 million yuan from speculative funds [3] - Shenzhen Airport (000089) experienced a net outflow of 11.13 million yuan from institutional investors, but had a net inflow of 5.62 million yuan from retail investors [3]

Core Viewpoint - The 2025 North Bund International Shipping Forum in Shanghai focuses on "collaboration to promote global shipping sustainable development," highlighting the integration of technology and innovation in the aviation and tourism sectors [2][3]. Group 1: Forum Overview - The forum includes a main session on international green shipping, an international maritime forum, and an international aviation forum, along with several sub-forums and special activities [2]. - Nearly 300 representatives from the global aviation sector participated in discussions on new trends and paths for aviation development [2]. Group 2: Shanghai's Aviation Strategy - Shanghai aims to build a world-class, comprehensive international aviation hub, enhancing its global influence through innovation and technology [2]. - The city is positioned at a critical juncture for upgrading its international aviation hub capabilities amid significant global changes [2]. Group 3: Technological Integration - The Civil Aviation Administration of China emphasizes the importance of technology innovation in achieving a smart and sustainable aviation sector [3]. - The "smart chain" initiative aims to connect technological elements, integrate industry ecosystems, and link global cooperation [3]. Group 4: New Business Models - The "Aviation + Business Travel and Cultural Exhibition" initiative aims to create a new service ecosystem, promoting innovative practices in the aviation and tourism sectors [4]. - China Eastern Airlines (CEA) and Shanghai Airport showcased their "Aviation + Culture and Tourism" innovations through immersive technology experiences [4]. Group 5: New Consumer Offerings - CEA launched the "China Pass Card," offering various exclusive benefits for inbound travelers, aiming to create a trillion-level inbound consumption ecosystem [5]. - The card includes discounts on CEA tickets, in-flight Wi-Fi, and free half-day tours for transit passengers [5]. Group 6: Flight Experience Enhancements - CEA introduced themed flights on nearly 400 routes to promote the forum's values and enhance passenger experience [6]. - The airline's new routes and network expansions aim to strengthen its position as a leading international carrier [6]. Group 7: Hub Development Metrics - In 2024, CEA is expected to handle 8.36 million international transfer passengers at Pudong Airport, accounting for 80.9% of total airport traffic [7]. - The airline's international transfer passenger numbers are projected to grow by 26.8% in the first half of 2025 [7]. Group 8: Collaborative Achievements - CEA and Shanghai Airport have worked together to establish Shanghai as China's largest aviation hub, with CEA being the domestic airline with the most international destinations [8]. - The focus on innovation and high-quality development is seen as essential for the future of the civil aviation industry [8].

Market Overview - On October 22, the aviation and airport sector declined by 0.19% compared to the previous trading day, with Huaxia Airlines leading the decline [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China Eastern Airlines up by 0.82% to 4.90, while Huaxia Airlines fell by 2.36% to 10.77 [2][3] - The trading volume and turnover for major stocks included: - China Eastern Airlines: 1.0972 million shares, turnover of 534 million yuan - Huaxia Airlines: 327,400 shares, turnover of 351 million yuan - Xiamen Airport: 48,400 shares, turnover of 73.69 million yuan [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 152 million yuan from institutional investors, while retail investors saw a net inflow of 168 million yuan [2][3] - Detailed capital flow for selected stocks included: - China Eastern Airlines: Net inflow of 50.62 million yuan from institutional investors - Huaxia Airlines: Net inflow of 2.51 million yuan from institutional investors - Xiamen Airport: Net outflow of 6.81 million yuan from institutional investors [3]

Core Insights - Shanghai Airport Group, Eastern Air Logistics, and Swissport held a high-level meeting to discuss strategic collaboration for mutual benefits [1] - Shanghai Zhihui Port Logistics Service Co., a joint venture between Shanghai Airport Logistics and Eastern Air Logistics, signed an operational service management agreement with Swissport [1] Group 1 - The intelligent cargo station project at Pudong Airport, set to be operational by the end of the year, is a collaboration with Swissport, aiming to enhance global air logistics [1] - Shanghai Airport aims to become a key node and organizational center for global resource flow, providing stable and forward-looking air cargo solutions [1] - The collaboration seeks to create a smart logistics operational management model unique to Shanghai, attracting global air cargo resources and building a tighter collaborative network [1] Group 2 - Swissport operates a service network covering 279 airports globally, providing integrated ground and cargo solutions to over 850 clients [2] - Swissport will leverage its global network and operational resources to support the intelligent cargo station project at Pudong Airport, enhancing the efficiency of cargo movement [2] - The meeting included key executives from Shanghai Airport Group, Eastern Air Logistics, and Swissport, highlighting the importance of this collaboration for the development of Shanghai's international air cargo hub [2]

Core Viewpoint - Shanghai Zhihui Port Logistics Service Co., Ltd. has signed an operational service management cooperation agreement with Swissport, a leading global provider of ground and cargo services, to enhance the operational efficiency of the new intelligent cargo station at Pudong Airport, expected to be operational by the end of this year [1][5]. Group 1 - The intelligent cargo station at Pudong Airport is part of the Phase IV expansion project and is a key infrastructure for Shanghai's international aviation hub [2]. - The station will integrate advanced logistics technologies such as 5G, big data, and artificial intelligence to improve operational efficiency and automate cargo handling processes [2]. - The goal is to create a new benchmark for intelligent cargo station operations both nationally and globally, with full visibility, control, and traceability of the entire process [2]. Group 2 - Swissport, established in 1996, operates in 279 airports worldwide and provides integrated ground and cargo solutions to over 850 clients [5]. - The collaboration aims to achieve breakthroughs in intelligent cargo station management, process optimization, and standardization, facilitating deeper integration between Shanghai Airport and international markets [5]. - By 2024, Shanghai Airport's cargo throughput is projected to reach 4.206 million tons, ranking it second globally, significantly contributing to the regional economy [5].

Core Viewpoint - The Shanghai Airport Group aims to leverage technological multiplier effects to achieve a reduction in carbon emissions, despite challenges in producing aviation fuel from waste sources [1] Group 1: Conference Overview - The "2025 Sustainable Global Leaders Conference" was held in Shanghai, focusing on the theme "Joining Hands to Address Challenges: Global Action, Innovation, and Sustainable Growth" [1] - Approximately 500 prominent guests attended, including around 100 international participants, discussing nearly 50 topics related to energy, carbon neutrality, green finance, sustainable consumption, and technology for public welfare [1] Group 2: Technological Initiatives - The Shanghai Airport Group is implementing various technologies for energy conservation and emission reduction, aiming to save costs [1] - The concept of "turning waste into treasure" is highlighted, with the potential to extract aviation fuel from waste cooking oil using specialized technology [1] Group 3: Waste Cooking Oil and Emission Reduction - China generates approximately 4 to 5 million tons of waste cooking oil, which could lead to a reduction of 2 million tons of CO2 emissions and save the civil aviation sector 10 billion yuan if converted into aviation fuel [1] - However, relying solely on waste cooking oil for aviation fuel production is insufficient given the annual demand of 40 million tons [1] Group 4: Future Prospects - The company suggests that additional methods, such as synthesizing sustainable aviation fuel from CO2 and hydrogen, could enhance supply and contribute to energy conservation and emission reduction [1] - Future advancements in domestic power technology, material and energy development, and reduced computing costs are expected to further ease the challenges of synthesizing aviation fuel [1]

Group 1 - The 2025 Sustainable Global Leaders Conference was held in Shanghai, focusing on the theme "Tackling Challenges Together: Global Action, Innovation, and Sustainable Growth" with around 500 attendees, including approximately 100 international guests [1] - Discussions at the conference covered nearly 50 topics, including energy and "dual carbon," green finance, sustainable consumption, and technology and public welfare [1] - Shanghai Airport Group's Vice President Song Xuefeng emphasized the company's commitment to reducing carbon emissions through technological advancements, despite challenges in producing aviation fuel [1] Group 2 - The Shanghai Airport Group is implementing various technologies for energy conservation and emission reduction, aiming to save costs [1] - The concept of "turning waste into treasure" was highlighted, with the potential to extract aviation fuel from waste cooking oil, which could reduce carbon emissions by 2 million tons and save the civil aviation industry 10 billion yuan [1] - However, relying solely on waste cooking oil for aviation fuel production is insufficient, as the annual demand for aviation fuel is 40 million tons, necessitating additional methods such as synthesizing sustainable aviation fuel from carbon dioxide and hydrogen [1]