Core Viewpoint - Xiamen Airport (600897) has shown steady growth in both business volume and net profit, leading to an "Accumulate" rating by Pacific Securities [1] Financial Performance - For the first half of 2025, Xiamen Airport reported total revenue of 991 million, a year-on-year increase of 7.1% - The net profit attributable to shareholders was 253 million, up 1.1% year-on-year - The net profit excluding non-recurring items was 219 million, reflecting a year-on-year increase of 15.41% - Basic earnings per share for the half-year stood at 0.61, with a weighted ROE of 5.53% - The net cash flow from operating activities was 317 million [2] Dividend Policy - The company plans to distribute cash dividends of approximately 133 million for the fiscal year 2024, which represents 31% of the annual net profit - The annual dividend will be distributed once, with a per-share dividend of 0.32 (including tax) - The dividend yield, based on the closing price on the annual report disclosure date, is approximately 2.3% [2] Operational Highlights - Xiamen Airport serves as a regional aviation hub, covering an area where the GDP exceeds 60% of Fujian Province's total - In 2024, the airport opened 225 flight routes to 136 cities, including 175 domestic and 50 international routes - The passenger throughput reached a historical high of 27.91 million in 2024 - In the first half of 2025, the airport completed 97,000 takeoffs and landings, with passenger throughput of 14.32 million and cargo throughput of 185,400 tons, representing year-on-year growth of 3.83%, 5.96%, and 3.91% respectively [3] Business Segmentation - The company's operations are primarily divided into aviation and non-aviation businesses - In the 2024 annual report, aviation transportation revenue was 1.22 billion, accounting for 64.9% of total revenue, while leasing and franchise income was 440 million, making up 23.4% [3] Future Outlook - The company has indicated that the new Xiang'an Airport is under the investment and management of the controlling shareholder, with no undisclosed matters related to it - The new airport is expected to commence operations by the end of 2026, with the relocation of the existing Gaoqi Airport being a high-probability event - The integration of operations between the new and old airports is anticipated to be a focal point for the market - The company has shown growth in both business volume and profits, and the shareholder return plan for 2025-2027 covers the transition period between the two airports, instilling market confidence [4]

Market Performance - On August 18, the aviation and airport sector rose by 0.47% compared to the previous trading day, with Huaxia Airlines leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Stock Performance - Huaxia Airlines (002928) closed at 9.04, with a gain of 1.80% and a trading volume of 237,600 shares, amounting to a transaction value of 214 million yuan [1] - HNA Holding (600221) closed at 1.53, up 1.32%, with a trading volume of 4,299,600 shares [1] - China National Aviation (601111) closed at 7.45, gaining 1.09% with a trading volume of 1,050,700 shares [1] - Other notable performances include China Eastern Airlines (600115) at 4.03, up 0.50%, and Shanghai Airport (600009) at 31.87, up 0.22% [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 7.03 million yuan from institutional investors, while retail investors saw a net inflow of 12.1 million yuan [2][3] - The capital flow for specific stocks showed that Shanghai Airport had a net inflow of 30.52 million yuan from institutional investors, while HNA Holding had a net inflow of 29.26 million yuan [3]

Market Performance - On August 15, the aviation and airport sector rose by 1.7%, with China Eastern Airlines leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Stock Performance - China Eastern Airlines (600115) closed at 4.01, up 4.16% with a trading volume of 1.8955 million shares and a turnover of 750 million yuan [1] - Other notable performers included CITIC Offshore Helicopter (000099) at 23.58, up 3.19%, and Xiamen Airport (600897) at 14.79, up 0.48% [1][2] Capital Flow - The aviation and airport sector saw a net inflow of 193 million yuan from institutional investors, while retail investors experienced a net outflow of 60.53 million yuan [2][3] - Major stocks like China Eastern Airlines and Southern Airlines had varying capital flows, with China Eastern Airlines seeing a net inflow of 1.76 million yuan from institutional investors [3]

证券之星消息，8月14日航空机场板块较上一交易日下跌0.89%，华夏航空领跌。当日上证指数报收于 3666.44，下跌0.46%。深证成指报收于11451.43，下跌0.87%。航空机场板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002928 | 华夏航空 | 8.75 | -2.99% | 21.23万 | 1.87亿 | | 600221 | 海航控股 | 1.48 | -2.63% | 340.24万 | 5.09亿 | | 000099 | 中信海直 | 22.85 | -2.56% | 27.52万 | 6.35亿 | | 603885 | 吉祥航空 | 12.55 | -1.41% | 17.58万 | 2.21亿 | | 601021 | 春秋航空 | 52.30 | -1.04% | 5.12万 | 2.69 Z | | 000089 | 深圳机场 | 7.18 | -0.97% | 11.51万 | 8316.22万 | | 601111 | 中国国航 ...

Core Viewpoint - The article emphasizes the importance of strengthening air defense safety measures and ensuring operational safety during peak travel periods and major events through comprehensive inspections and oversight by the Xiamen Civil Aviation Regulatory Bureau [1][4]. Group 1: Safety Inspections - The Xiamen Civil Aviation Regulatory Bureau conducted a thorough safety inspection at Xiamen Airport using various methods such as reviewing surveillance footage, on-site inspections, and surprise checks [4]. - The inspection focused on several key areas, including the progress of the second phase of the damaged runway boundary reinforcement project and the construction of double boundaries [4]. - Random checks were performed on fire safety equipment in the terminal and on the tarmac, as well as compliance of vehicle drivers with regulations [4]. Group 2: Recommendations and Requirements - The Xiamen Regulatory Bureau issued three main requirements for Xiamen Airport: establishing a comprehensive management system for emergency equipment, enhancing security checks based on the characteristics of peak travel, and addressing identified issues promptly [4][5]. - A unified electronic ledger for emergency equipment management was recommended to eliminate equipment hazards and ensure effective emergency responses [4]. - The security personnel were advised to dynamically adjust inspection strategies to address specific risks, such as concealed weapons and increased child travelers [4]. Group 3: Future Actions - The Xiamen Regulatory Bureau plans to maintain a high level of oversight to ensure that safety responsibilities are upheld, particularly during critical periods [5].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | --- | --- | --- | --- | --- | --- | --- | | 002928 | 华夏航空 | 9.02 | 4.04% | | 36.87万 | 3.28亿 | | 603885 | 吉祥航空 | 12.73 | 1.43% | | 23.07万 | 2.93亿 | | 000099 | 中信海直 | 23.45 | 0.64% | | 27.27万 | 6.38亿 | | 601111 | 中国国航 | 7.33 | 0.55% | | 77.45万 | 5.67亿 | | 600115 | 中国东航 | 3.87 | 0.52% | | 73.55万 | 2.84亿 | | 000089 | 深圳机场 | 7.25 | 0.42% | | 10.87万 | 7856.87万 | | 600029 | 南方航空 | 5.76 | 0.35% | | 63.31万 | 3.64亿 | | 601021 | 春秋航空 | 52.85 | 0.28% | | 2.71万 | 1.43亿 | | 6 ...

Business Performance - Luxshare Technology plans to issue H-shares and list on the Hong Kong Stock Exchange [1] - China Shipbuilding Industry Corporation will suspend trading from August 13 until delisting [1] - Hikvision's chairman proposed a mid-term dividend of 4 yuan per 10 shares (including tax) for 2025 [1] - North Medical's subsidiary has essentially halted its main business since June [1] - Shenzhen Huangting Plaza will be judicially auctioned with a starting price of 3.053 billion yuan [1] - ST Suwu's controlling subsidiary has initiated arbitration against Regen Biotech for default, which has been accepted [1] - ST Yigou plans to pay 220 million yuan to reach a debt settlement agreement with Carrefour [1] - Shanghai Jianke's director is under disciplinary review and investigation [1] Mergers and Acquisitions - Xincheng Technology has terminated the acquisition of 96.96% equity in Tianyi Enhua [1] - Guangku Technology intends to purchase 100% equity in Suzhou Anjie Xun Optoelectronics, with resumption of trading on the 12th [1] - ST Biology plans to acquire 51% equity in Huize Pharmaceutical, expected to constitute a major asset restructuring [1] - Dongfang Guoxin aims to gain control of Shituo Cloud to deepen its layout in the intelligent computing power sector [1] - Jinding Investment intends to control Nanjing Shenyuan, entering a key segment of the robotics industry chain [1] - Huangshanghuang plans to acquire 51% equity in Lixing Food for 495 million yuan [1] Financial Performance - Xianggang Technology reported a net profit of 78.32 million yuan in the first half, a year-on-year increase of 432.14% [1] - Yonghe Co. reported a net profit of 271 million yuan in the first half, a year-on-year increase of 140.82% [1] - Fuda Co. reported a net profit of 146 million yuan in the first half, a year-on-year increase of 98.77% [1] - Desay SV reported a net profit of 1.223 billion yuan in the first half, a year-on-year increase of 45.82% [1] - Dier Laser reported a net profit of 327 million yuan in the first half, a year-on-year increase of 38.37% [1] - Rijiu Optoelectronics reported a net profit of 45.61 million yuan in the first half, a year-on-year increase of 37.87% [1] - Wolong Electric Drive reported a net profit of 537 million yuan in the first half, a year-on-year increase of 36.76% [1] - Satellite Chemical reported a net profit of 2.744 billion yuan in the first half, a year-on-year increase of 33.44% [1] Other Financial Results - High Stakes Mining reported a net profit of 69.2 million yuan in the first half, a year-on-year increase of 25.7% [2] - Yingliu Co. reported a net profit of 188 million yuan in the first half, a year-on-year increase of 23.91% [2] - Nanwei Medical reported a year-on-year net profit increase of 17.04% and plans to distribute a dividend of 5 yuan per 10 shares (including tax) [2] - Zhejiang Huaye reported a year-on-year net profit increase of 6.66% and plans to distribute a dividend of 4 yuan per 10 shares (including tax) [2] - New Strong Union reported a net profit of 400 million yuan in the first half, returning to profitability [2] - Aobi Zhongguang reported a net profit of 60.19 million yuan in the first half, returning to profitability [2] - Action Education reported a year-on-year net profit decrease of 3.51% and plans to distribute a dividend of 10 yuan per 10 shares (including tax) [2] - Wanhu Chemical reported a net profit of 6.123 billion yuan in the first half, a year-on-year decrease of 25.10% [2] - New World reported a net profit of 78.03 million yuan in the first half, a year-on-year decrease of 30.01% [2] - Huafeng Chemical reported a net profit of 983 million yuan in the first half, a year-on-year decrease of 35.23% [2] - Hefo China reported a consolidated revenue of 425 million yuan in the first seven months, a year-on-year decrease of 22.66%, with a narrowing decline [2] - Shengnong Development reported a sales revenue of 2.129 billion yuan in July, a year-on-year increase of 22.02% [2] - Xiamen Airport reported a passenger throughput of 2.6248 million in July, a year-on-year increase of 8.58% [2]

证券日报网讯8月11日晚间，厦门空港（600897）发布公告称，2025年7月运输生产情况简报显示，飞机 起降总计18070架次，同比增长8.42%；旅客吞吐量262.48万人次，同比增长8.58%；货邮吞吐量3.25万 吨，同比增长9.79%。境内航线飞机起降15335架次，同比增长8.69%；旅客吞吐量226.87万人次，同比 增长8.88%；货邮吞吐量1.25万吨，同比增长18.68%。境外航线飞机起降2576架次，同比增长6.49%；旅 客吞吐量35.61万人次，同比增长6.69%；货邮吞吐量2万吨，同比增长4.90%。 ...

Core Viewpoint - Xiamen Airport (600897.SH) announced that its passenger throughput for July 2025 is projected to reach 2.6248 million, representing a year-on-year growth of 8.58% [1] Company Summary - The company is expecting a significant increase in passenger traffic, indicating positive growth trends in its operations [1] Industry Summary - The growth in passenger throughput reflects a broader recovery and expansion in the aviation industry, suggesting increased demand for air travel [1]

证券代码：600897 证券简称：厦门空港 公告编号：临2025-023 重要说明： 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。 元翔（厦门）国际航空港股份有限公司 董事会 2025 年 8 月 12 日 元翔（厦门）国际航空港股份有限公司 2025年7月运输生产情况简报 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个别及连带责任。 | 项目 | | 飞机起降（架次） | | 旅客吞吐量（万人次） | | 货邮吞吐量（万吨） | | --- | --- | --- | --- | --- | --- | --- | | | 本月实际 | 同比增长 | 本月实际 | 同比增长 | 本月实际 | 同比增长 | | 总计 | 18070 | 8.42% | 262.48 | 8.58% | 3.25 | 9.79% | | 境内航线 | 15335 | 8.69% | ...