Financial Performance Summary - In 2024, the total operating revenue reached 12.37 billion yuan, an increase of 11.97% compared to the previous year [1] - Operating profit was 2.72 billion yuan, showing a significant growth of 97.24% year-on-year [1] - Total profit amounted to 2.71 billion yuan, reflecting a 95.57% increase from the previous year [1] - Net profit attributable to shareholders was 1.93 billion yuan, with a year-on-year growth of 107.05% [1] - Basic earnings per share increased to 0.78 yuan, representing a 105.26% rise [1] - The weighted average return on equity improved to 4.69%, up by 2.36 percentage points [1] Operational Highlights - The company achieved a record high in passenger throughput, exceeding 1.24 billion passengers, marking a significant recovery post-pandemic [1] - Cargo and mail throughput surpassed 1 million tons, exceeding the levels seen in 2019 [1] - The increase in operating revenue was attributed to strict cost control and compensation received for property requisition [1]

Financial Performance - Total operating revenue for 2024 is expected to reach 12.369 billion yuan, a year-on-year increase of 11.97%[3] - Net profit attributable to shareholders is projected to be 1.934 billion yuan, reflecting a year-on-year growth of 107.05%[3] - Basic earnings per share increased to 0.78 yuan, up 105.26% compared to the previous year[2] - The weighted average return on equity rose to 4.69%, an increase of 2.36 percentage points[2] - Total assets at the end of the reporting period amounted to 70.046 billion yuan, a slight increase of 0.81% from the beginning of the period[2] - Shareholders' equity attributable to the company reached 41.653 billion yuan, up 2.74%[2] Operational Highlights - The company achieved a historical high in annual passenger throughput exceeding 124 million, and cargo throughput surpassing 4.2 million tons[4] - The company maintained strict cost control and benefited from compensation for property expropriation, contributing to robust operational performance[4] - The company continues to focus on enhancing operational quality and expanding its market presence in the recovering aviation sector[3] Cautionary Notes - The financial data presented are preliminary and subject to change in the annual report, highlighting the need for investors to be cautious[5]

Core Points - The China Securities Shanghai State-Owned Enterprises Index (CSI Shanghai SOE Index) decreased by 0.33%, closing at 1326.73 points with a trading volume of 22.22 billion yuan [1] - Over the past month, the CSI Shanghai SOE Index has declined by 3.31%, by 6.62% over the last three months, and by 6.57% year-to-date [2] Index Composition - The top ten weighted stocks in the CSI Shanghai SOE Index include China Pacific Insurance (8.31%), Shanghai Airport (6.27%), Guotai Junan Securities (5.51%), Shanghai Bank (4.71%), Shanghai Electric (3.53%), Sheneng Co. (3.52%), Pudong Development Bank (3.16%), Dongfang Securities (3.09%), Huayu Automotive (3.05%), and Shanghai Pharmaceuticals (3.03%) [2] - The index is composed entirely of stocks listed on the Shanghai Stock Exchange [3] Sector Allocation - The sector distribution of the CSI Shanghai SOE Index includes: Financials (28.28%), Industrials (23.74%), Consumer Discretionary (12.51%), Real Estate (10.02%), Healthcare (7.05%), Information Technology (5.82%), Communication Services (5.42%), Utilities (3.52%), Consumer Staples (2.04%), and Materials (1.59%) [3] Index Adjustment - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - In special circumstances, the index may undergo temporary adjustments, such as when a sample stock is delisted or undergoes mergers, acquisitions, or splits [3]

Investment Rating - The report maintains a "Recommended" rating for the transportation industry [1] Core Insights - The report highlights that U.S. sanctions against Iran are intensifying, and OPEC has reached a consensus to increase production, indicating upward potential for the oil tanker sector [2][7] - The express delivery business volume has shown significant year-on-year growth, with a reported increase of 21.5% in 2024 [3] Summary by Sections Weekly Focus - The U.S. government has announced additional sanctions against Iran, targeting several individuals, entities, and vessels involved in Iranian oil exports, including 10 VLCC supertankers, which constitutes about 20% of the global tanker fleet [7] - OPEC has agreed to gradually increase production starting April, aiming to release 2.2 million barrels per day [7] Industry Data Tracking (2025.03.09 – 03.15) Aviation Data - Domestic flight volume for the week was 84,029 flights, averaging 12,004 flights per day, a slight decrease of 0.10% week-on-week and 0.50% year-on-year [10] - Domestic passenger volume reached 11.43 million, a 0.05% increase week-on-week and a 2.12% increase year-on-year [11] - The average domestic ticket price decreased by 3.49% week-on-week and 6.31% year-on-year [11] Express Delivery Data - For the week of March 3-9, the average daily collection volume was approximately 555 million pieces, a 3.99% increase from the previous week [17] - Year-to-date, the average daily collection volume is about 495 million pieces, reflecting a 36.00% increase year-on-year [17] - In 2024, the express delivery business volume increased by 21.5% year-on-year, with revenue up by 13.8% [3] Shipping Data - The BDI index for dry bulk shipping was reported at 1,517 points, a 20% increase week-on-week [48] - The VLCC-TCE rate was $38,329 per day, a 3% decrease week-on-week [49] Recent Key Reports - The report recommends focusing on companies such as COSCO Shipping Energy, Shandong Highway, and China Eastern Airlines, among others, as part of the investment strategy [4]

证券代码：600009 证券简称：上海机场 公告编号：临 2025-010 上海国际机场股份有限公司 2025年2月运输生产情况简报 一、因存在其他形式的飞行（不以营利为目的的通用航空飞行）， 所以部分项目分项数字之和与总计数存在差异；因数据四舍五入的原 因，部分数据可能存在加总后小数位差异。 二、上述运输生产数据源自公司内部统计，仅供投资者参考。 上海国际机场股份有限公司 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。 | 浦东国际机场 | 飞机起降量（架次） | | 旅客吞吐量（万人次） | | 货邮吞吐量（万吨） | | | --- | --- | --- | --- | --- | --- | --- | | | 本月 | 同比±% | 本月 | 同比±% | 本月 | 同比±% | | 总计 | 42,613 | -0.14 | 645.81 | 2.32 | 25.78 | 4.54 | | 境内航线 | 25,002 | -5.91 | 372.36 | -3.62 | 2.20 | 10.55 | | 境外航 ...

证券代码：600009 证券简称：上海机场 公告编号：临 2025-009 上海国际机场股份有限公司 关于副总经理辞职的公告 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。 特此公告。 上海国际机场股份有限公司 董 事 会 2025 年 3 月 12 日 1 上海国际机场股份有限公司（以下简称"公司"）董事会近日收 到副总经理蒋新生先生提交的书面辞职报告。根据《上海证券交易所 上市公司自律监管指引第 1 号——规范运作》等的相关规定，因工作 安排原因，蒋新生先生申请辞去公司副总经理职务。辞职后，蒋新生 先生无在公司及其控股子公司任职情况。 根据《公司法》《公司章程》等有关规定，蒋新生先生的辞职自 辞职报告送达公司董事会时生效。 公司董事会对蒋新生先生在担任公司副总经理期间所做出的努 力和贡献表示肯定和感谢！ ...

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Insights - The report highlights that the recent decline in oil prices is expected to elevate the profit margins for the aviation sector, with Brent oil prices dropping below $70 per barrel and WTI prices below $67 per barrel [8] - The report suggests that if oil prices remain low, it could lead to cost savings of approximately 4-5 billion yuan for major airlines, equivalent to a ticket price reduction of about 3%-4% [8] - The report emphasizes the importance of monitoring supply-demand dynamics and macroeconomic conditions to ensure that the benefits of lower oil prices translate into profits for the airlines [13] Summary by Sections Weekly Focus - The focus of the week is on the accelerated decline in oil prices, which is expected to enhance the profit margins for the aviation industry [6] Industry Data Tracking (2025.03.02 - 03.08) Aviation High-Frequency Data Tracking - Domestic flight volume for the period was 81,367 flights, with a daily average of 11,624 flights, down 10.07% week-on-week and 7.47% year-on-year [10] - Domestic passenger volume reached 11.0615 million, down 12.05% week-on-week and 4.17% year-on-year [11] - The average full ticket price decreased by 4.76% week-on-week and 3.39% year-on-year [11] - The domestic passenger load factor was 83.18%, an increase of 3.73 percentage points year-on-year [12] - International passenger volume reached 1.315 million, down 5.27% week-on-week but up 26.01% year-on-year [14] Express Delivery High-Frequency Data Tracking - For the week of February 24 to March 2, the average daily express delivery volume was approximately 534 million pieces, with a delivery volume of about 541 million pieces, showing a slight decrease of 0.56% and an increase of 0.05% respectively compared to the previous week [19] - Year-to-date (January 1 to March 2), the average daily express delivery volume was approximately 488 million pieces, up 37.41% year-on-year [20] Shipping High-Frequency Data Tracking - The BDI index for the international dry bulk market was 1,263 points, up 17% week-on-week [51] - The CCFI index for the international container shipping market decreased by 3% week-on-week, while the SCFI index fell by 5% [51] - The VLCC-TCE rate for oil shipping was $39,359 per day, down 1% week-on-week [52] Recent Key Reports - The report includes a recommended investment portfolio consisting of companies such as COSCO Shipping Energy, Shandong Hi-Speed, and China Eastern Airlines, among others [5]

关于以集中竞价交易方式回购股份的进展公告 证券代码：600009 证券简称：上海机场 公告编号：2025-008 上海国际机场股份有限公司 二、 回购股份的进展情况 2025 年 2 月，公司未实施股份回购。截至 2025 年 2 月底，公司已累计回购股 份 840.6851 万股，占公司总股本的比例为 0.3378%，购买的最高价为 35.36 元/ 股、最低价为 32.67 元/股，已支付的总金额为 28,632.0561 万元（不含交易费用 等）。 上述回购进展符合既定的回购股份方案。 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： | 回购方案首次披露日 | 2024/7/23 | | | --- | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | □用于转换公司可转债 | | | | □为维护公司价值及股东权益 | | | 累计已回购股数 | 840.6851 | 万股 | | 累 ...

Core Insights - The Spring Festival travel rush, lasting 40 days, concluded successfully on February 22, with significant increases in both flight operations and passenger traffic compared to the previous year [1] Group 1: Flight Operations - Shanghai Pudong and Hongqiao airports together handled a total of 94,000 flight takeoffs and landings during the Spring Festival period, with Pudong accounting for 63,000 and Hongqiao for 31,000 [1] - This represents a year-on-year increase of 5.5% in flight operations compared to the Spring Festival travel rush of 2024 [1] Group 2: Passenger Traffic - The total number of passengers arriving and departing reached 14.971 million, with Pudong serving 9.529 million and Hongqiao 5.442 million [1] - This marks an 8.8% year-on-year increase in passenger traffic compared to the Spring Festival travel rush of 2024 [1] - Both flight volume and passenger flow set new historical records for the Spring Festival travel period [1]

证券代码：600009 证券简称：上海机场 公告编号：临 2025-007 上海国际机场股份有限公司 | 浦东国际机场 | 飞机起降量（架次） | | 旅客吞吐量（万人次） | | 货邮吞吐量（万吨） | | | --- | --- | --- | --- | --- | --- | --- | | | 本月 | 同比±% | 本月 | 同比±% | 本月 | 同比±% | | 总计 | 47,907 | 10.91 | 714.87 | 21.95 | 30.50 | -0.07 | | 境内航线 | 27,575 | 3.17 | 396.46 | 7.73 | 3.07 | 4.78 | | 境外航线 | 20,179 | 24.15 | 318.41 | 45.93 | 27.43 | -0.58 | | -国际航线 | 17,515 | 29.19 | 276.73 | 52.38 | 24.06 | 0.29 | | -港澳台航线 | 2,664 | -1.19 | 41.68 | 13.94 | 3.37 | -6.39 | | 虹桥国际机场 | 飞机起降量（架次） | | 旅客吞吐量（万人次） ...