Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,311,368,965.44, representing a year-on-year increase of 7.98%[5] - Net profit attributable to shareholders for the same period was ¥155,877,101.29, up 2.17% year-on-year, while the net profit after deducting non-recurring gains and losses increased by 12.28% to ¥141,797,559.24[5] - The total profit for the year-to-date period was ¥591,262,127.53, which is a 44.84% increase compared to the previous year[9] - Total operating revenue for the current period reached ¥3,839,498,821.13, an increase of 10.8% compared to ¥3,465,307,094.68 in the previous period[22] - Net profit for the current period was ¥468,164,374.57, representing a significant increase of 43.2% from ¥326,735,056.37 in the previous period[22] - The net profit attributable to the parent company shareholders was approximately ¥468.1 million, an increase from ¥326.9 million in the previous period, representing a growth of 43.1%[23] - The total comprehensive income attributable to the parent company owners reached approximately ¥468.1 million, compared to ¥326.9 million in the prior period, indicating a growth of 43.1%[23] - Basic and diluted earnings per share were both ¥0.2283, up from ¥0.1594 in the previous period, reflecting a 43.3% increase[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥24,074,714,514.60, showing a decrease of 0.41% compared to the end of the previous year[5] - The total assets at the end of the period were ¥24,074,714,514.60, slightly down from ¥24,173,851,433.49 at the beginning of the period[20] - Current assets increased to ¥5,452,947,319.74 from ¥4,687,776,684.51, marking a growth of 16.3%[20] - Non-current assets decreased to ¥18,621,767,194.86 from ¥19,486,074,748.98, a decline of 4.4%[20] - Total liabilities decreased to ¥12,483,232,064.08 from ¥12,803,300,567.24, a reduction of 2.5%[20] - The company's equity attributable to shareholders increased to ¥11,572,424,770.36 from ¥11,351,554,963.89, an increase of 1.9%[21] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥1,527,548,270.82, down 4.80% compared to the same period last year[5] - Cash inflow from operating activities totaled approximately ¥4.42 billion, compared to ¥3.83 billion in the previous period, marking an increase of 15.5%[24] - The net cash flow from operating activities was approximately ¥1.53 billion, slightly down from ¥1.60 billion in the previous period, a decrease of 4.0%[24] - Cash inflow from investment activities was approximately ¥3.10 billion, up from ¥2.37 billion in the previous period, representing a growth of 30.8%[24] - The net cash flow from investment activities was approximately ¥829.1 million, significantly up from ¥212.7 million in the previous period, indicating a growth of 289.5%[24] - The cash and cash equivalents at the end of the period amounted to approximately ¥2.99 billion, compared to ¥1.61 billion at the end of the previous period, an increase of 85.6%[24] - The company reported a total cash outflow from financing activities of approximately ¥894.2 million, compared to ¥841.6 million in the previous period, reflecting an increase of 6.3%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,917, with the largest shareholder, Shenzhen Airport Group, holding 56.97% of the shares[11] Financial Assistance and Investments - The company has repaid a total of RMB 2.275 billion in financial assistance to the controlling shareholder, Shenzhen Airport Group, for early repayment of government bonds[14] - As of September 30, 2025, the outstanding balance of financial assistance from Shenzhen Airport Group is RMB 3.73526 billion[15] - The company plans to use up to RMB 5 billion in financial assistance from Shenzhen Airport Group for the satellite hall project, with RMB 2.275 billion being a refund for previously repaid government bonds[14] - The company has approved the use of up to RMB 2 billion of its own funds for investment in bank wealth management products within one year[15] - The company has also approved the use of up to RMB 1 billion for purchasing bank wealth management products, with a focus on ensuring operational and construction funding needs[16] - The company invested RMB 1 billion in a structured deposit with Huaxia Bank, with expected annualized returns of 0.85%, 2.42%, or 2.68%[17] - The company has another structured deposit of RMB 1 billion with Huaxia Bank, with expected annualized returns of 0.1%, 2.2%, or 2.35%[18] - The company has repaid a principal amount of RMB 269.51 million and incurred interest of RMB 101.37 million from the financial assistance received[15] Compliance and Management - The company has conducted a financial audit and is ensuring compliance with local government bond management requirements[14] - The company is actively managing its financial resources to support ongoing projects and investments while ensuring safety and liquidity[16]

Group 1 - The aviation and airport sector experienced a decline of 1.41% on October 24, with China National Aviation leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] - Xiamen Airport saw a closing price of 15.70, with an increase of 2.28%, while China Eastern Airlines closed at 4.85, down 1.82% [1] Group 2 - The aviation and airport sector had a net outflow of 197 million yuan from institutional investors, while retail investors saw a net inflow of 100 million yuan [2] - Shenzhen Airport had a net inflow of 14.99 million yuan from institutional investors, while China National Aviation experienced a net outflow of 10.24 million yuan [2] - The overall capital flow showed that retail investors contributed positively to some stocks, despite the overall sector decline [2]

Market Overview - On October 23, the aviation and airport sector rose by 0.38% compared to the previous trading day, with Shenzhen Airport leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Shenzhen Airport (000089) closed at 7.40, up 3.06% with a trading volume of 554,900 shares and a turnover of 408 million yuan [1] - Xiamen Airport (600897) closed at 15.35, up 1.12% with a trading volume of 67,900 shares and a turnover of 105 million yuan [1] - China Eastern Airlines (600115) closed at 4.94, up 0.82% with a trading volume of 966,200 shares and a turnover of 473 million yuan [1] - China Southern Airlines (600029) closed at 6.66, up 0.45% with a trading volume of 608,500 shares and a turnover of 403 million yuan [1] Capital Flow - The aviation and airport sector saw a net inflow of 32.22 million yuan from institutional investors, while retail investors experienced a net inflow of 35.07 million yuan [2] - However, speculative funds recorded a net outflow of 67.29 million yuan [2] Individual Stock Capital Flow - China Southern Airlines (600029) had a net inflow of 69.47 million yuan from institutional investors, while it faced a net outflow of 34.49 million yuan from speculative funds [3] - China Eastern Airlines (600115) saw a net inflow of 39.42 million yuan from institutional investors, with a net outflow of 3.79 million yuan from speculative funds [3] - Shenzhen Airport (000089) experienced a net outflow of 11.13 million yuan from institutional investors, but had a net inflow of 5.62 million yuan from retail investors [3]

Market Overview - On October 22, the aviation and airport sector declined by 0.19% compared to the previous trading day, with Huaxia Airlines leading the decline [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China Eastern Airlines up by 0.82% to 4.90, while Huaxia Airlines fell by 2.36% to 10.77 [2][3] - The trading volume and turnover for major stocks included: - China Eastern Airlines: 1.0972 million shares, turnover of 534 million yuan - Huaxia Airlines: 327,400 shares, turnover of 351 million yuan - Xiamen Airport: 48,400 shares, turnover of 73.69 million yuan [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 152 million yuan from institutional investors, while retail investors saw a net inflow of 168 million yuan [2][3] - Detailed capital flow for selected stocks included: - China Eastern Airlines: Net inflow of 50.62 million yuan from institutional investors - Huaxia Airlines: Net inflow of 2.51 million yuan from institutional investors - Xiamen Airport: Net outflow of 6.81 million yuan from institutional investors [3]

Group 1 - The 138th Canton Fair has concluded its first phase and the second phase will take place from October 23 to 27, indicating a significant event for international trade [1] - The fair has led to an increase in the number of inbound and outbound travelers at various ports in Guangdong compared to the same period last year [1] - At Shenzhen Bao'an International Airport, foreign travelers accounted for approximately 40% of the arrivals during the period from October 13 to 21, highlighting the fair's role in attracting international visitors [1] Group 2 - Shenzhen Airport is the closest open port to the Canton Fair, benefiting from rich international flight routes and convenient entry policies, which facilitate foreign travelers attending the fair [2] - Over 47,000 foreign travelers passed through Shenzhen Airport between October 13 and 21, showcasing the airport's significance in supporting the fair's attendance [2]

Core Points - The 138th Canton Fair's first phase has concluded, with the second phase scheduled from October 23 to 27, indicating a significant event for international trade [1] - There has been a notable increase in the number of inbound and outbound travelers at various ports in Guangdong, particularly in Shenzhen, where foreign travelers exceeded 47,000 from October 13 to 21, marking a 25% year-on-year growth [1] - Shenzhen Bao'an International Airport has seen a surge in international flights, with foreign travelers making up approximately 40% of arrivals, many of whom are attending the Canton Fair [1] Traveler Insights - A Mexican traveler mentioned participation in the fair to showcase products related to IP telephony and access control devices [1] - A Malaysian traveler expressed excitement about visiting China for the first time, highlighting the convenience of visa-free policies that save time [1] Airport Operations - Shenzhen Airport is the closest open port to the Canton Fair, benefiting from rich international flight routes and favorable entry policies, contributing to the increase in foreign travelers [1] - The peak daily passenger flow at Shenzhen Airport has increased by 50% compared to normal levels during this period [1] - The deputy team leader of the Shenzhen Airport border inspection station anticipates further growth in foreign traveler numbers during the upcoming phases of the Canton Fair [1]

近日，第138届广交会第一期落下帷幕。记者从深圳边检总站了解到，连日来，受广交会影响，深圳宝 安国际机场外籍旅客数量显著攀升。据深圳边检总站数据显示，截至10月19日，一个星期来，经深圳机 场口岸出入境的外国人数量同比增长40%。其中，单日最大客流量较平常增长50%，每日5时至7时、12 时至13时、16时至18时是入境客流高峰时段。（深圳特区报） ...

Core Insights - The 138th Canton Fair's first phase concluded on October 19, leading to a 40% year-on-year increase in foreign passenger traffic at Shenzhen Airport [1][3] - The peak daily passenger flow increased by 50% compared to normal levels, with specific high-traffic hours identified [1] - The number of foreign visitors entering Shenzhen from October 13 to 19 rose by 54%, with 64% of these visitors benefiting from visa-free entry, marking a 128% increase [1] Group 1 - Shenzhen Airport is the closest international port to the Canton Fair, facilitating a significant influx of foreign travelers [1][3] - Major countries contributing to the foreign visitor count include Malaysia, South Korea, and Singapore [1] - The airport has implemented measures to ensure efficient customs processing, including enhanced communication with airlines and a specialized foreign passenger inspection model [3] Group 2 - Many foreign travelers expressed interest in attending the Canton Fair to explore high-tech products and business opportunities [3] - The airport's measures include providing dedicated personnel for guidance, language translation, and policy interpretation to improve the entry experience [3]

Core Insights - The aviation and airport sector experienced a significant increase of 3.27% on October 20, with China Eastern Airlines leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Stock Performance - China Eastern Airlines (600115) closed at 4.78, up 6.70%, with a trading volume of 3.0187 million shares and a turnover of 1.412 billion [1] - Southern Airlines (600029) closed at 6.60, up 6.28%, with a trading volume of 1.7359 million shares and a turnover of 1.122 billion [1] - Xiamen Airport (600897) saw a decline of 0.85%, closing at 15.20, with a trading volume of 130,300 shares [2] Capital Flow - The aviation and airport sector saw a net inflow of 757 million in main funds, while retail investors experienced a net outflow of 534 million [2][3] - Southern Airlines had a net inflow of 184 million from main funds, but a net outflow of 134 million from retail investors [3] - China Eastern Airlines recorded a net inflow of 150 million from main funds, with a net outflow of 147 million from retail investors [3]

Core Insights - Shenzhen Customs reported that the international and regional cargo throughput at Shenzhen Airport reached 771,000 tons in the first nine months of this year, marking a year-on-year increase of 12.7%, which is a historical high for the same period [1] Group 1 - The cargo throughput at Shenzhen Airport demonstrates strong logistics vitality [1]