Core Viewpoint - The company reported a steady growth in revenue and net profit for the first half of 2025, with a focus on the performance of its aviation and non-aviation businesses [1][2]. Financial Performance - In 1H25, the company achieved revenue of 6.353 billion yuan, a year-on-year increase of 4.78%, and a net profit attributable to shareholders of 1.044 billion yuan, up 28.14% [1]. - For 2Q25, revenue reached 3.181 billion yuan, reflecting a year-on-year growth of 4.84% and a quarter-on-quarter increase of 0.28%. The net profit for the quarter was 525 million yuan, showing a year-on-year rise of 22.39% and a quarter-on-quarter increase of 1.19% [1]. - The aviation business generated revenue of 2.916 billion yuan in 1H25, marking an 8.35% increase year-on-year, driven by the recovery in airport traffic [1]. - Non-aviation business revenue grew by only 2% year-on-year in 1H24, with commercial catering and logistics services increasing by 2% and 1%, respectively [1]. Cost and Investment - Operating costs and expenses increased slightly by 1% in 1H25, with labor, amortization, and maintenance costs remaining stable compared to the previous year, indicating operational leverage [2]. - Investment income improved significantly, reaching 457 million yuan in 1H25, a 27% increase year-on-year, primarily due to better returns from investments in various companies [2]. Development Trends - The company is expected to focus on the progress of new duty-free contract negotiations, as the current contract with its duty-free partner is set to expire at the end of 2025 [3]. Profit Forecast and Valuation - The profit forecasts for 2025 and 2026 remain unchanged at 2.261 billion yuan and 2.742 billion yuan, respectively. The current stock price corresponds to a price-to-earnings ratio of 35.6 times for 2025 and 29.3 times for 2026 [4]. - The company maintains an outperform rating and a target price of 34.5 yuan, which implies a 7% upside potential from the current stock price [4].

Core Viewpoint - Shanghai Airport (600009.SH) reported a revenue of 6.353 billion yuan for the first half of 2025, reflecting a year-on-year growth of 4.78% [1] - The net profit attributable to shareholders reached 1.044 billion yuan, marking a year-on-year increase of 28.14% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.027 billion yuan, showing a year-on-year growth of 27.51% [1] - Basic earnings per share stood at 0.42 yuan [1]

Core Viewpoint - The successful test flight of the Jiaxing Nanhu Airport marks a significant step towards the establishment of a world-class airport cluster in the Yangtze River Delta region, with plans for multiple new airports to enhance connectivity and capacity [5][7]. Group 1: Airport Developments - The first commercial flight landed at Jiaxing Nanhu Airport, indicating its transition from construction to operational phase, with a target to officially open by the end of 2025 [5]. - The establishment of the Nantong New Airport, referred to as Shanghai's "third airport," is part of a broader initiative to enhance air travel infrastructure in the Yangtze River Delta [5][9]. - The Bengbu Tenghu Airport is also nearing completion, aiming for a passenger capacity of 1.8 million annually and a cargo capacity of 10,000 tons [5]. Group 2: Regional Airport Capacity - Airports in the Yangtze River Delta are experiencing increasing passenger volumes, with Nanjing Lukou International Airport projected to exceed 31 million passengers in 2024, nearing its design limit of 40 million [8]. - The total passenger throughput for the Greater Bay Area's seven airports is expected to surpass 214 million in 2024, highlighting the competitive landscape for airport capacity in the region [8]. Group 3: Strategic Development - The development of airports in the Yangtze River Delta is not just about quantity but also about clear positioning, collaborative operations, and differentiated management to transform scale advantages into quality advantages [8]. - The collaboration between cities in the Yangtze River Delta for airport construction, such as the shared airport between Wuhu and Xuancheng, exemplifies the trend towards integrated regional development [9]. - The Jiaxing Nanhu Airport is strategically positioned to serve as a complementary facility to major airports in the vicinity, focusing on tourism and local economic development [9].

1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到www.sse.com.cn网站仔细阅读半年度报告全文。 登录新浪财经APP 搜索【信披】查看更多考评等级 1.2本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司代码：600009 公司简称：上海机场 1.3公司全体董事出席董事会会议。 第一节 重要提示 单位：元 币种：人民币 1.5董事会决议通过的本报告期利润分配预案或公积金转增股本预案 ■ 2.3前10名股东持股情况表 单位: 股 ■ 公司2025年度中期决定以实施权益分派股权登记日登记的总股本扣除公司股份回购专用证券账户的股份 数后的股本为基数分配利润。本次利润分配方案为：拟向全体股东每10股派发现金红利2.1元（含 税），截至2025年6月30日，公司总股本为2,488,481,340股，扣除回购专用证券账户股份数144,351股， 拟以2,488,336,989股共计派发现金红利522,550,767.69元（含税），2025年度中期公司现金 ...

Core Viewpoint - The article highlights the successful conclusion of the "Happy Summer, Endless Beauty" event at Pudong International Airport, showcasing traditional Chinese culture through various performances and immersive spaces [1]. Group 1: Event Overview - The event featured a special performance for the Qixi Festival, transforming the airport's departure and arrival areas into six immersive spaces celebrating Eastern romance [1]. - The airport collaborated with the Shanghai Light Music Troupe to present traditional music and opera performances, turning the terminal into a cultural interaction space [1]. Group 2: Performances and Activities - Artists from the Shanghai Light Music Troupe performed various pieces using traditional instruments, including "Flower Good Moon Round" and "Jasmine Flower," while airport staff also participated in performances [4]. - Airport staff dressed in Hanfu and distributed customized gifts such as handkerchiefs and bookmarks to travelers, enhancing the cultural experience [4]. Group 3: Cultural Branding - During the summer travel season, Pudong Airport organized 16 performances over five weeks, focusing on promoting red culture, Shanghai culture, and Jiangnan culture through diverse artistic expressions [5]. - The series included traditional drama, song performances, and non-heritage puppet shows, aimed at providing a unique cultural experience for both domestic and international travelers [5].

Group 1 - The core issue revolves around the repurchase and cancellation of restricted stock by Shanghai International Airport Co., Ltd., which has attracted market attention [1] Group 2 - The incentive plan's progression included multiple meetings and approvals, culminating in the granting of 8.2625 million shares of restricted stock to 289 incentive recipients at a price of 18.21966 yuan per share [2] Group 3 - The repurchase and cancellation of restricted stock were necessitated by the termination of employment and changes in positions for 13 incentive recipients, resulting in the cancellation of 116,000 shares and 52,300 shares respectively [3] - The adjusted grant price for the restricted stock was modified from 18.21966 yuan to 17.70966 yuan per share due to prior cash dividends [3] Group 4 - As of the issuance of the legal opinion, the repurchase and cancellation have received the necessary approvals, but the company must still fulfill its information disclosure obligations [4]

证券代码：600009 证券简称：上海机场 公告编号：临 2025-042 上海国际机场股份有限公司 2025 年半年度募集资金存放与实际使用 情况的专项报告 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。 根据《上市公司募集资金监管规则》《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，现将公司 2025 年半年度募集资金存放与实 际使用情况专项报告如下： 一、募集资金基本情况 （一）上海国际机场股份有限公司（以下简称"公司"或"本公 司"）于 2022 年 4 月 25 日收到中国证券监督管理委员会《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"）发行股份募 集配套资金不超过 50 亿元。公司以非公开发行方式发行人民币普通 股（A 股）股票 127,583,567 股，发行价格为 39.19 元/股，募集 资金 ...

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 （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 8 月 18 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 8 月 28 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。 证券代码：600009 证券简称：上海机场 公告编号：临 2025-040 上海国际机场股份有限公司 第九届董事会第二十六次会议决议公告 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、关于推荐公司控股公司董事人选的议案 表决结果：同意 8 票，反对 0 票，弃权 0 票 2、公司 2025 年度中期利润分配方案 1 截至 2025 年 6 月 30 日，公司母公司报表中期末未分配利润为 199.9 亿元。公司 2025 年度中期以实施权益分派股权登记日登记的 总股本扣除公司股份回购专用证券账户的股份数后的股本为基数分 配利润。本次利润分配方案如下 ...

证券代码：600009 证券简称：上海机场 公告编号：临 2025-041 上海国际机场股份有限公司 2025 年度中期利润分配方案公告 （一）利润分配方案的具体内容 截至 2025 年 6 月 30 日，公司母公司报表中期末未分配利润为 199.9 亿元。公司 2025 年度中期以实施权益分派股权登记日登记的 总股本扣除公司股份回购专用证券账户的股份数后的股本为基数分 配利润。本次利润分配方案如下： 向全体股东每 10 股派发现金红利 2.1 元（含税），截至 2025 年 6 月 30 日，公司总股本 2,488,481,340 股，扣除回购专用证券账户 股 份 数 144,351 股 ， 以 2,488,336,989 股 共 计 派 发 现 金 红 利 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： 每股分配比例：每股派发现金红利 0.21 元 本次利润分配以实施权益分派股权登记日登记的总股本为 基数，具体日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，拟 维持 ...

上海国际机场股份有限公司（以下简称"公司"）于2025年8月28日召 开第九届董事会第二十六次会议，审议通过了《关于回购注销部分限制性 股票及调整限制性股票回购价格的议案》。根据公司2024年第一次临时股 东大会的授权和《上海国际机场股份有限公司A股限制性股票激励计划（草 案修订稿）》（以下简称"《激励计划》"或"本激励计划"）的相关规 1 本次回购激励对象已获授但尚未解除限售的限制性股票合计 168,300股，占公司回购前总股本的0.0068%，涉及激励对象13 人。本次回购注销完成后，公司总股本将由2,488,481,340股减 少至2,488,313,040股。 本次回购注销的限制性股票回购价格为17.70966元/股（调整 后）。 本次拟用于回购的资金约为3,026,531.32元，回购资金为公司 自有资金。 证券代码：600009 证券简称：上海机场 公告编号：临2025-043 上海国际机场股份有限公司 关于回购注销部分限制性股票及调整限制性 股票回购价格的公告 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。 重 ...