Core Insights - The aviation and airport sector experienced a slight increase of 0.17% on October 17, with Xiamen Airport leading the gains [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Xiamen Airport (600897) closed at 15.33, up 4.93% with a trading volume of 140,100 shares and a turnover of 211 million yuan [1] - Other notable performers include: - 吉祥航空 (603885) at 14.10, up 3.30% [1] - 中国国航 (601111) at 8.46, up 1.32% [1] - 中国东航 (600115) at 4.48, up 0.67% [1] - Conversely, 深圳机场 (000089) closed at 7.10, down 0.42% [1] Capital Flow - The aviation and airport sector saw a net inflow of 175 million yuan from institutional investors, while retail investors experienced a net outflow of 195 million yuan [2] - The detailed capital flow for key stocks includes: - 中国国航 (601111) with a net inflow of 14.4 million yuan from institutional investors [3] - 吉祥航空 (603885) with a net inflow of 64.3 million yuan from institutional investors [3] - 海航控股 (600221) had a net outflow of 54.3 million yuan from retail investors [3]

Core Viewpoint - The aviation and airport sector experienced a slight increase of 0.01% on October 16, with HNA Holding leading the gains. The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25 [1]. Group 1: Stock Performance - HNA Holding closed at 1.70, up 1.80%, with a trading volume of 7.57 million shares and a transaction value of 1.268 billion [1]. - China Eastern Airlines closed at 4.45, up 1.37%, with a trading volume of 1.857 million shares and a transaction value of 824 million [1]. - China Southern Airlines closed at 6.26, down 0.63%, with a trading volume of 801,400 shares and a transaction value of 505 million [1]. - Xiamen Airport closed at 14.61, down 0.20%, with a trading volume of 15,700 shares and a transaction value of 22.9132 million [1]. Group 2: Capital Flow - The aviation and airport sector saw a net inflow of 77.165 million from institutional investors, while retail investors contributed a net inflow of 196 million. However, speculative funds experienced a net outflow of 273 million [2][3]. - China National Airlines had a net inflow of 126 million from institutional investors, representing 14.80% of its total capital flow [3]. - HNA Holding experienced a net inflow of 99.195 million from institutional investors, accounting for 7.82% of its total capital flow [3].

Core Insights - The aviation and airport sector experienced a significant increase of 4.15% on October 15, with Huaxia Airlines leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance Summary - Huaxia Airlines (002928) closed at 10.76, up 10.02% with a trading volume of 355,600 shares and a transaction value of 369 million [1] - China National Aviation (601111) closed at 8.27, up 6.99% with a trading volume of 1,570,800 shares and a transaction value of 1.269 billion [1] - 吉祥航空 (603885) closed at 14.05, up 6.76% with a trading volume of 391,300 shares and a transaction value of 539 million [1] - China Eastern Airlines (600115) closed at 4.39, up 5.78% with a trading volume of 2,425,000 shares and a transaction value of 1.046 billion [1] - China Southern Airlines (600029) closed at 6.30, up 5.18% with a trading volume of 1,435,300 shares and a transaction value of 889 million [1] - Spring Airlines (601021) closed at 53.68, up 2.85% with a trading volume of 107,000 shares and a transaction value of 566 million [1] - HNA Holding (600221) closed at 1.67, up 2.45% with a trading volume of 5,192,500 shares and a transaction value of 859 million [1] - Shenzhen Airport (000089) closed at 7.10, up 1.28% with a trading volume of 141,200 shares and a transaction value of 99.67 million [1] - Shanghai Airport (600009) closed at 31.88, up 0.92% with a trading volume of 91,400 shares and a transaction value of 290 million [1] - Baiyun Airport (600004) closed at 9.60, up 0.63% with a trading volume of 212,200 shares and a transaction value of 203 million [1] Capital Flow Analysis - The aviation and airport sector saw a net inflow of 362 million from institutional investors, while retail investors experienced a net outflow of 206 million [2] - Major stocks like HNA Holding and China Southern Airlines had varying net inflows and outflows from different investor types, indicating mixed investor sentiment [3] - HNA Holding had a net inflow of 11.7 million from institutional investors, while retail investors showed a net outflow of 47.34 million [3]

Core Insights - Shenzhen Airport's stock closed at 7.01 yuan on October 14, 2025, with a slight increase of 0.29% and a trading volume of 125,900 shares, amounting to a transaction value of 88.2 million yuan [1]. Trading Information Summary - On October 14, 2025, there was a net outflow of 1.7465 million yuan from institutional investors and 2.1339 million yuan from speculative funds, while retail investors saw a net inflow of 3.8804 million yuan [1][3]. Company Announcement Summary - In September 2025, Shenzhen Airport reported a passenger throughput of 5.1016 million, representing a year-on-year increase of 3.18%. The international passenger throughput was 456,800, showing a significant growth of 14.45% [1]. - Cumulatively, for the year, the total passenger throughput reached 48.9135 million, up 8.15%, with international routes contributing 4.2889 million, a growth of 25.76% [1]. - In terms of cargo and mail throughput, September figures reached 170,800 tons, marking a 4.94% increase year-on-year, while the cumulative total for the year was 1.4988 million tons, up 11.73% [1]. - The number of flight takeoffs and landings in September was 34,616, a decrease of 0.86% year-on-year, but the cumulative total for the year was 331,830, reflecting a growth of 4.87%, with international routes increasing by 19.54% [1].

Core Insights - The aviation and airport sector saw a slight increase of 0.31% on October 14, with China Eastern Airlines leading the gains [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - China Eastern Airlines (600115) closed at 4.15, up 1.22% with a trading volume of 1.0534 million shares and a transaction value of 436 million [1] - Xiamen Airport (600897) closed at 14.56, up 1.04% with a trading volume of 19,800 shares [1] - Baiyun Airport (600004) closed at 9.54, up 0.85% with a trading volume of 179,400 shares [1] - HNA Holding (600221) closed at 1.63, up 0.62% with a trading volume of 5.3673 million shares [1] - Spring Airlines (601021) closed at 52.19, up 0.35% with a trading volume of 42,000 shares [1] Capital Flow - The aviation and airport sector experienced a net outflow of 54.71 million from institutional investors, while retail investors saw a net inflow of 97.49 million [2][3] - Major stocks like China Eastern Airlines and HNA Holding had mixed capital flows, with significant outflows from institutional and speculative investors [3]

Group 1: Passenger and Cargo Throughput Data - In September, the overall passenger throughput in the airport industry showed a year-on-year increase, while cargo throughput varied among companies [1][2] - Baiyun Airport reported 43,300 takeoffs, a 9.15% increase year-on-year, with passenger throughput of 6.601 million, up 10.84%, and cargo throughput of 201,300 tons, down 0.78% [1] - Xiamen Airport recorded 15,900 takeoffs, a 0.66% increase year-on-year, with passenger throughput of 2.3113 million, up 3.05%, and cargo throughput of 32,700 tons, down 2.04% [1] - Shenzhen Airport's cumulative passenger throughput since 2025 reached 48.9135 million, up 8.15%, with cargo throughput of 1,498.8 million tons, up 11.73% [1] - In September, Shenzhen Airport had a passenger throughput of 5.1016 million, up 3.18%, and cargo throughput of 170,800 tons, up 4.94% [1] Group 2: Port Cargo Throughput Data - Beibu Gulf Port reported a cargo throughput of 30.1612 million tons in September, a year-on-year increase of 9.00%, with a cumulative throughput of 266.8605 million tons, up 10.01% since 2025 [2] - Zhuhai Port's third-quarter cargo throughput was 14.7796 million tons, down 5.44% year-on-year, with a cumulative throughput of 41.7485 million tons, up 1.25% for the year [2] - Guangzhou Port expected to complete a container throughput of 2.051 million TEUs in September, down 0.8%, while cargo throughput was projected at 47.845 million tons, up 4.1% [2]

Core Insights - Shenzhen Airport's stock closed at 6.99 yuan on October 13, 2025, down 1.41% with a turnover rate of 0.88% and a trading volume of 180,400 shares, amounting to a transaction value of 126 million yuan [1]. Trading Information Summary - On October 13, 2025, the net outflow of main funds was 10.57 million yuan, while speculative funds saw a net inflow of 10.19 million yuan, and retail investors had a net inflow of 385,200 yuan [1][3]. Company Announcement Summary - Shenzhen Airport released its voluntary production and operation report for September 2025, indicating a passenger throughput of 5.10 million, a year-on-year increase of 3.18%. The international passenger throughput was 456,800, up 14.45% [1]. - Cumulatively, the passenger throughput for the year reached 48.91 million, reflecting an 8.15% year-on-year growth, with international routes contributing 4.29 million, a 25.76% increase [1]. - In terms of cargo and mail throughput, September saw 170,800 tons, a 4.94% increase year-on-year, with a cumulative total of 1.50 million tons for the year, up 11.73% [1]. - The number of flight takeoffs and landings in September was 34,616, a decrease of 0.86% year-on-year, while the cumulative total for the year was 331,830, reflecting a 4.87% increase [1].

Core Viewpoint - Shenzhen Airport reported a slight decline in stock price, while showing positive growth in passenger and cargo throughput for September 2025, indicating a recovery trend in the aviation sector [1]. Group 1: Stock Performance - As of October 13, 2025, Shenzhen Airport's stock closed at 6.99 yuan, down 1.41% from the previous trading day, with a total market capitalization of 14.335 billion yuan [1]. - The stock opened at 7.00 yuan, reached a high of 7.05 yuan, and a low of 6.93 yuan, with a trading volume of 1.26 billion yuan and a turnover rate of 0.88% [1]. Group 2: Passenger Throughput - In September 2025, the passenger throughput reached 5.1016 million, representing a year-on-year increase of 3.18%, with international passenger throughput at 456,800, up 14.45% [1]. - Cumulatively, the passenger throughput for the year reached 48.9135 million, an increase of 8.15%, with international passenger throughput totaling 4.2889 million, up 25.76% [1]. Group 3: Cargo and Mail Throughput - Cargo and mail throughput in September was 17.08 million tons, reflecting a year-on-year growth of 4.94%, with a cumulative total of 149.88 million tons for the year, up 11.73% [1]. - International cargo and mail throughput for the year reached 72.06 million tons, marking a 13.35% increase [1]. Group 4: Flight Operations - The number of flight takeoffs and landings in September totaled 34,616, a decrease of 0.86% year-on-year, while the cumulative total for the year was 331,830, an increase of 4.87% [1]. - International flight operations for the year reached 43,981, showing a year-on-year growth of 19.54% [1].

Group 1: Passenger and Cargo Throughput Performance - In September, the overall passenger throughput in the industry showed a year-on-year increase, while cargo throughput varied among companies [1][2] - Baiyun Airport reported a passenger throughput of 6.601 million, up 10.84% year-on-year, and a cargo throughput of 20.13 thousand tons, down 0.78% [1] - Xiamen Airport recorded a passenger throughput of 2.3113 million, up 3.05% year-on-year, and a cargo throughput of 3.27 thousand tons, down 2.04% [1] - Shenzhen Airport's passenger throughput reached 5.1016 million, up 3.18%, with cargo throughput at 17.08 thousand tons, up 4.94% [1] - Beibu Gulf Port reported a cargo throughput of 30.1612 million tons in September, up 9.00% year-on-year [1] Group 2: Cumulative Performance Data - As of October 13, Shenzhen Airport's cumulative passenger throughput for the year reached 48.9135 million, up 8.15%, and cargo throughput was 1.4988 million tons, up 11.73% [2] - Domestic passenger throughput at Shenzhen Airport was 44.2489 million, up 6.70%, while international passenger throughput was 4.2889 million, up 25.76% [2] - Zhuhai Port reported a cumulative cargo throughput of 41.7485 million tons for the year, up 1.25%, with a third-quarter throughput of 14.7796 million tons, down 5.44% [2] Group 3: Container and Cargo Throughput Forecasts - Guangzhou Port expects to complete a container throughput of 2.051 million TEUs in September, down 0.8%, and a cargo throughput of 47.845 million tons, up 4.1% [3] - For the first nine months of 2025, Guangzhou Port anticipates a container throughput of 20.165 million TEUs, up 7.0%, and a cargo throughput of 433.678 million tons, up 2.7% [3] - Qinhuangdao Port, Caofeidian Port, and Huanghua Port reported respective throughput increases of 4.55%, 4.96%, and 8.24% for the nine months ending September 30, 2025 [3]

Core Insights - Shenzhen Airport (000089.SZ) reported a passenger throughput of 5.1016 million in September 2025, representing a year-on-year increase of 3.18% [1] - The cargo and mail throughput reached 170,800 tons, showing a year-on-year growth of 4.94% [1] - The number of flight takeoffs and landings was 34,616, which reflects a year-on-year decrease of 0.86% [1]