Core Viewpoint - The aviation and airport sector experienced a decline of 2.43% on September 18, with Huaxia Airlines leading the drop. The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1]. Group 1: Stock Performance - The following stocks in the aviation and airport sector showed notable performance: - Hainan Airlines (600221) closed at 1.73, up 1.17% with a trading volume of 15.53 million shares [1]. - Baiyun Airport (600004) closed at 9.54, down 1.24% with a trading volume of 265,400 shares [1]. - Shanghai Airport (600009) closed at 31.94, down 1.39% with a trading volume of 146,200 shares [1]. - Spring Airlines (601021) closed at 53.31, down 1.82% with a trading volume of 63,800 shares [1]. - Xiamen Airport (600897) closed at 14.43, down 1.84% with a trading volume of 44,300 shares [1]. - Shenzhen Airport (000089) closed at 7.06, down 1.94% with a trading volume of 172,400 shares [1]. - Juneyao Airlines (603885) closed at 13.25, down 2.50% with a trading volume of 254,300 shares [1]. - CITIC Offshore Helicopter (000099) closed at 22.35, down 2.78% with a trading volume of 253,700 shares [1]. - Air China (601111) closed at 7.81, down 3.46% with a trading volume of 859,500 shares [1]. - China Eastern Airlines (600115) closed at 4.04, down 3.81% with a trading volume of 1,648,800 shares [1]. Group 2: Capital Flow - The aviation and airport sector saw a net outflow of 370 million yuan from institutional investors, while retail investors contributed a net inflow of 210 million yuan [2]. - The following stocks experienced significant capital flow: - Shenzhen Airport (000089) had a net inflow of 9.26 million yuan from institutional investors, but a net outflow of 733.53 million yuan from retail investors [3]. - Huaxia Airlines (002928) had a net inflow of 5.35 million yuan from institutional investors, with a net outflow of 137.69 million yuan from retail investors [3]. - Xiamen Airport (600897) had a net inflow of 1.24 million yuan from institutional investors, but a net outflow of 890.25 million yuan from retail investors [3]. - Shanghai Airport (600009) experienced a net outflow of 17.38 million yuan from institutional investors, while retail investors contributed a net inflow of 453.53 million yuan [3]. - Baiyun Airport (600004) had a net outflow of 21.21 million yuan from institutional investors, but a net inflow of 1.26 million yuan from retail investors [3].

Core Insights - The aviation and airport sector experienced a 2.16% increase on September 17, with China Eastern Airlines leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - China Eastern Airlines (600115) closed at 4.20, up 4.48% with a trading volume of 2.43 million shares and a turnover of 1.007 billion [1] - Xiamen Airport (600897) saw a slight decline of 0.14%, closing at 14.70 with a trading volume of 29,500 shares [2] - The highest gainers included China Eastern Airlines, Xiamen Airlines, and Southern Airlines, with respective increases of 4.48%, 3.03%, and 2.98% [1][2] Capital Flow - The aviation and airport sector saw a net inflow of 106 million in main funds, while retail funds had a net inflow of 103 million [2] - The main funds showed a net outflow of 210 million, indicating a mixed sentiment among institutional investors [2] Individual Stock Capital Flow - China Eastern Airlines had a net outflow of 50.94 million from main funds but a net inflow of 34.51 million from retail investors [3] - China Southern Airlines experienced a net inflow of 6.64 million from main funds, indicating positive retail sentiment despite overall mixed capital flow [3] - Xiamen Airport faced a significant net outflow of 15.59 million from main funds, suggesting weaker institutional interest [3]

Core Points - The company is set to list 127,583,567 shares through a non-public offering, with the circulation date scheduled for September 23, 2025 [1][6] - The shares are classified as limited condition circulating shares, with a lock-up period of 36 months for the subscribers [2][3] - The total number of shares issued in this transaction amounts to 561,522,892 shares, which includes the shares issued for asset acquisition and fundraising [1][2] Summary by Sections Type of Restricted Shares - The shares being listed are limited condition circulating shares from a non-public offering [1] - The company received approval from the China Securities Regulatory Commission for the issuance of shares to acquire assets and raise funds [1] Changes in Share Capital - There have been no changes in the company's share capital due to distribution or capital reserve transfers since the formation of the restricted shares [2] Lock-up Commitments - The airport group has committed that the shares acquired through this transaction will not be transferred for 36 months post-issuance [3] - Any additional shares obtained through company actions like stock dividends will also be subject to the same lock-up arrangement [3] Related Party Transactions - As of the announcement date, there are no instances of fund occupation by the controlling shareholder or its affiliates [4] Independent Verification - The independent financial advisor has confirmed that the release of restricted shares for circulation complies with relevant laws and regulations [5] - There are no objections from the independent financial advisor regarding the listing of the restricted shares [5] Listing Details - The total number of restricted shares being listed is 127,583,567 [6] - The listing date for these shares is confirmed as September 23, 2025 [6]

Core Viewpoint - The announcement details the listing of restricted shares resulting from a non-public issuance of shares by Shanghai International Airport Co., Ltd. to Shanghai Airport (Group) Co., Ltd. for asset acquisition and fundraising purposes, with a total of 127,583,567 shares set to be listed on September 23, 2025 [1][5]. Group 1: Share Issuance and Listing - The company received approval from the China Securities Regulatory Commission on April 25, 2022, to issue 433,939,325 shares for asset acquisition and to raise up to 5 billion yuan, with the actual issuance being 127,583,567 shares [2]. - The newly issued shares are classified as restricted shares, which cannot be transferred for 36 months following the issuance [3][4]. - The total number of restricted shares to be listed is 127,583,567, with the listing date set for September 23, 2025 [6]. Group 2: Compliance and Commitments - The airport group has committed that the shares acquired through this transaction will not be transferred for 36 months from the issuance date, and any additional shares acquired through company actions will also be subject to the same lock-up period [4]. - As of the announcement date, the airport group has adhered to its commitments regarding the lock-up period [5]. - Independent financial advisor Guotai Junan Securities Co., Ltd. confirmed that the listing of the restricted shares complies with relevant laws and regulations [5].

国泰海通证券股份有限公司 关于上海国际机场股份有限公司 发行股份购买资产并募集配套资金暨关联交易之 国泰海通证券股份有限公司（以下简称"国泰海通"或"本独立财务顾问"） 作为上海国际机场股份有限公司（以下简称"上海机场"或"公司"）2022 年发 行股份购买资产并募集配套资金暨关联交易（以下简称"本次重组"）的独立财 务顾问，根据《上海证券交易所股票上市规则》《上海证券交易所上市公司自律 监管指引第 1 号——规范运作》等有关法律法规的要求，对上市公司本次限售股 份解除限售上市流通事项进行了核查，具体情况如下： 一、本次申请解除限售股份的基本情况 公司于 2022 年 4 月 25 日收到中国证券监督管理委员会核发的《关于核准上 海国际机场股份有限公司向上海机场（集团）有限公司发行股份购买资产并募集 配套资金的批复》（证监许可[2022]833 号），核准公司向上海机场（集团）有限 公司（以下简称"机场集团"）发行 433,939,325 股股份购买相关资产；核准公司 向机场集团发行股份募集配套资金不超过 50 亿元，实际发行数量为 127,583,567 股，合计发行股份数量为 561,522,892 股。 ...

证券代码：600009 证券简称：上海机场 公告编号：2025-047 上海国际机场股份有限公司 发行股份购买资产并募集配套资金暨 关联交易部分限售股上市公告 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、准确性和完整性依法 承担法律责任。 重要内容提示： 本次股票上市类型为非公开发行股份；股票认购方式为网下， 上市股数为127,583,567股。 本次股票上市流通总数为127,583,567股。 本次股票上市流通日期为2025 年 9 月 23 日。 一、本次限售股上市类型 公司本次限售股上市类型为非公开发行的有限售条件流通股。 公司于 2022 年 4 月 25 日收到中国证券监督管理委员会核发的《关 于核准上海国际机场股份有限公司向上海机场（集团）有限公司发行 股份购买资产并募集配套资金的批复》（证监许可[2022]833 号），核 准公司向上海机场（集团）有限公司（以下简称"机场集团"）发行 433,939,325 股股份购买相关资产；核准公司向机场集团发行股份募集 1 配套资金不超过 50 亿元，实际发行数量为 127,583,567 股，合计 ...

Core Insights - The aviation and airport sector experienced a rise of 1.24% on September 16, with HNA Holding leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Stock Performance - HNA Holding (600221) closed at 1.69, with a gain of 4.32% and a trading volume of 10.23 million shares, amounting to a turnover of 1.702 billion yuan [1] - Huaxia Airlines (002928) closed at 9.80, up 3.92%, with a trading volume of 211,400 shares and a turnover of 204 million yuan [1] - Spring Airlines (601021) closed at 53.50, gaining 1.98% with a trading volume of 74,400 shares and a turnover of 397 million yuan [1] - China National Airlines (601111) closed at 7.92, up 1.67%, with a trading volume of 714,600 shares and a turnover of 564 million yuan [1] - China Eastern Airlines (600115) closed at 4.02, gaining 1.01% with a trading volume of 2.1582 million shares and a turnover of 866 million yuan [1] - Other notable performances include: - Xiamen Airlines (600897) down 0.07% to 14.72 [1] - Shanghai Airport (600009) down 0.06% to 32.06 [1] Capital Flow - The aviation and airport sector saw a net outflow of 271 million yuan from institutional investors, while retail investors contributed a net inflow of 178 million yuan [2] - HNA Holding experienced a net inflow of 79.14 million yuan from institutional investors, despite a net outflow from retail investors [2] - Spring Airlines had a net inflow of 7.38 million yuan from institutional investors, with retail investors contributing positively [2] - China National Airlines faced a net outflow of 4.23 million yuan from institutional investors, while retail investors had a significant net outflow [2] - Xiamen Airport saw a net outflow of 1.34 million yuan from institutional investors, but retail investors contributed positively [2]

Market Overview - On September 15, the aviation and airport sector declined by 0.43%, with Huaxia Airlines leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Stock Performance - Key stocks in the aviation and airport sector showed varied performance, with Hainan Airlines closing at 1.62, up 0.62%, and Huaxia Airlines closing at 9.43, down 1.46% [1][2] - The trading volume and turnover for major stocks included Hainan Airlines with 6.048 million shares traded and a turnover of 983 million yuan, while Huaxia Airlines had 171,800 shares traded with a turnover of 163 million yuan [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 281 million yuan from institutional investors, while retail investors saw a net inflow of 236 million yuan [2] - The capital flow data indicated that major stocks like China Eastern Airlines and Huaxia Airlines faced significant net outflows from institutional investors, amounting to 4665.96 million yuan and 4426.03 million yuan respectively [3] Individual Stock Analysis - Baiyun Airport had a net inflow of 8.754 million yuan from institutional investors, while Shenzhen Airport saw a net inflow of 7.5584 million yuan [3] - In contrast, stocks like Spring Airlines and Hainan Airlines faced substantial net outflows, with Spring Airlines experiencing a net outflow of 33.8408 million yuan [3]

Group 1 - Dashi Intelligent signed a contract worth 23.86 million yuan for the Xiaomi Wuhan Phase II smart project, providing a comprehensive smart space solution [1] - ST Tian Sheng's subsidiary passed the consistency evaluation for sodium bicarbonate injection, used for treating metabolic acidosis and certain drug poisonings [1] - Yongyue Technology's actual controller Chen Xiang was released on bail due to allegations of information disclosure violations, while the company's operations remain normal [2] Group 2 - Jushen Co. experienced a stock price fluctuation with a cumulative increase of over 20% over three trading days, while also planning to reduce repurchased shares [2][3] - Shanghai Airport reported a 6.9% year-on-year increase in passenger throughput at Pudong International Airport, totaling 7.9471 million passengers in August [3][4] - Jianlong Micro-Nano announced plans for shareholders to reduce up to 3% of company shares due to fund expiration and exit arrangements [5][6] Group 3 - Yunyong Technology's shareholders plan to reduce up to 2.99% of company shares due to personal funding needs [6] - Zitian Tui's stock entered a delisting arrangement period, expected to last 15 trading days [7] - Pruis's shareholders plan to reduce up to 3% of company shares for personal funding needs [9] Group 4 - Dayilong's shareholders plan to reduce up to 3% of company shares for personal financial arrangements [10] - Yihua New Materials' shareholders plan to reduce up to 1% of company shares for personal funding needs [12] - Huibo Yuntong's controlling shareholder's affiliates plan to acquire a controlling stake in Baode Computer [13] Group 5 - Wanda Information's shareholders plan to reduce up to 3% of company shares for operational needs [14] - Jiafa Education's shareholders plan to reduce up to 3% of company shares for personal funding needs [15] - Guangkang Biochemical's shareholders plan to reduce up to 1.8% of company shares for personal funding needs [16] Group 6 - Yingxin Development's shareholders plan to reduce up to 0.67% of company shares due to bankruptcy asset disposal [18] - Weiye Co.'s shareholders plan to reduce a total of up to 2% of company shares [19] - Kelin Electric plans to raise up to 1.5 billion yuan through a private placement to supplement working capital [20]

Core Insights - The domestic airport passenger and cargo throughput in China showed a significant recovery in August compared to the same period last year, with record-breaking passenger volumes during the summer travel season [1][2] Group 1: Passenger Traffic Growth - In August, Shanghai Airport reported a total passenger throughput of 12.3986 million, reflecting a growth trend [1] - Pudong Airport's passenger throughput increased by 6.9% year-on-year, while Hongqiao Airport saw a 2.18% increase [1] - International routes at Pudong Airport experienced a notable growth of 18.06%, and Hongqiao's international routes grew by nearly 20% [1] - Baiyun Airport's passenger throughput reached 7.3384 million in August, up 4.33% year-on-year, with international routes growing by 14.08% [1] - Shenzhen Airport's international passenger throughput grew by approximately 12%, with a year-to-date increase of nearly 27% [1] - Xiamen Airport's international routes saw a year-on-year increase of about 9% [1] Group 2: Cargo Volume Growth - Cargo and mail throughput at major airports also increased in August, with Pudong and Hongqiao airports seeing year-on-year growth of approximately 11% and 8%, respectively [1] - Shenzhen Airport's cargo throughput grew by 8.26% year-on-year, while Xiamen Airport's cargo throughput increased by about 5% [1] Group 3: International Route Expansion - The international passenger market is experiencing strong growth due to optimized entry and exit policies and expanded route networks [2] - Shanghai Airport has enhanced its intercontinental connectivity by adding new routes to Belgrade, Casablanca, and Geneva, and has strengthened its Asian route network [2] - Shenzhen Airport anticipates that by 2025, passenger volume will exceed 11.2 million during the summer travel season, with flight numbers surpassing 76,000 [2] - Shenzhen Airport has opened or increased frequency on several international routes, significantly boosting international passenger traffic [3] Group 4: Financial Performance - Airport listed companies generally reported profit growth in the first half of the year, with Shenzhen Airport's net profit attributable to shareholders increasing by nearly 80%, the highest growth rate among peers [3] - Shenzhen Airport has implemented measures to improve customs environments, such as a 144-hour transit visa exemption and streamlined border inspection processes, to support rapid international business growth [3]