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]

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 slight decline of 0.86% compared to the previous year [1]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。本公告属自愿性信息披露。 | 项目 | 本月实际 | 同比增长 | 本年累计 | 同比增长 | | --- | --- | --- | --- | --- | | 旅客吞吐量（万人次） | 510.16 | 3.18% | 4,891.35 | 8.15% | | 其中：国内航线 | 460.37 | 2.14% | 4,424.89 | 6.70% | | 地区航线 | 4.11 | 8.14% | 37.56 | 7.84% | | 国际航线 | 45.68 | 14.45% | 428.89 | 25.76% | | 货邮吞吐量（万吨） | 17.08 | 4.94% | 149.88 | 11.73% | | 其中：国内航线 | 8.35 | 3.67% | 72.81 | 10.67% | | 地区航线 | 0.53 | 3.92% | 5.00 | 4.72% | | 国际航线 | 8.21 | 6.33% | 72.06 | 13.35% | | 航班起降架次（架次） | 34,616 | -0.86 ...

Core Insights - Shenzhen Airport announced a projected passenger throughput of 5.1016 million for September 2025, representing a year-on-year increase of 3.18% [1] - The cargo and mail throughput is expected to reach 170,800 tons, with a year-on-year growth of 4.94% [1] - The number of flight takeoffs and landings is projected to be 34,616, showing a slight decline of 0.86% compared to the previous year [1] Year-to-Date Performance - Cumulatively, the passenger throughput for the year stands at 48.9135 million, reflecting an 8.15% year-on-year increase [1] - The cargo and mail throughput for the year is 1,498.8 million tons, which is an 11.73% increase compared to the same period last year [1] - The total number of flight takeoffs and landings for the year is 331,800, marking a 4.87% increase year-on-year [1] Domestic and International Breakdown - Domestic passenger throughput reached 44.2489 million, with a year-on-year growth of 6.70% [1] - Domestic cargo and mail throughput was 728,100 tons, showing a 10.67% increase year-on-year [1] - International passenger throughput was 4.2889 million, reflecting a significant year-on-year increase of 25.76% [1] - International cargo and mail throughput reached 720,600 tons, with a year-on-year growth of 13.35% [1] - The number of international flight takeoffs and landings was 43,981, representing a year-on-year increase of 19.54% [1]

Core Insights - The National Day and Mid-Autumn Festival holiday period saw a significant increase in passenger traffic at Shenzhen Airport, with a total of 1.602 million passengers, averaging over 200,000 daily, reflecting a 5.4% increase compared to last year's holiday [2][4] - Cargo operations were also robust, with a total of 38,000 tons of cargo and mail handled, representing a 12.9% year-on-year increase [2][4] - The airport introduced new international routes to meet rising travel demand, contributing to high average seat occupancy rates on intercontinental flights [2][3] Passenger Traffic - During the holiday, domestic passenger volume reached 1.471 million, with a daily increase of 4.5% year-on-year, while international and regional passenger volume was 131,000, showing a 16.9% increase [2] - Peak travel days were evident, with daily passenger throughput exceeding 200,000 on five days, including a peak of 109,100 on October 1 [4][5] Cargo Operations - The airport handled 16,000 tons of domestic cargo, with a year-on-year increase of 4.8%, and 22,000 tons of international and regional cargo, which saw a 19.7% increase [2] - New international cargo routes were launched, enhancing the airport's role in international freight growth [2] Operational Enhancements - To manage the increased passenger flow, Shenzhen Airport implemented measures such as adding staff during peak times and optimizing security check processes [4] - The airport also enhanced transportation services to nearby cities, increasing the frequency of shuttle services [4] Cultural Engagement - The airport organized various cultural activities to enhance the festive atmosphere, including themed marketing and promotional events during the holiday [6]

Core Insights - The recent National Day and Mid-Autumn Festival holiday saw a significant increase in passenger traffic at Shenzhen Bao'an International Airport, with nearly 140,000 people and over 900 flights recorded, marking year-on-year growth of over 16% and 12% respectively [1] - The total number of inbound and outbound passengers at Shenzhen Airport has surpassed 5 million this year, achieving a year-on-year increase of over 22%, reaching this milestone 60 days earlier than last year, setting a historical record for the same period [1] - The number of foreign travelers using Shenzhen Airport has approached 1.1 million this year, reflecting a substantial year-on-year growth of 44% [3] Passenger Trends - Domestic travelers are increasingly choosing Southeast Asian destinations, with Malaysia and Vietnam being popular choices [1] - The introduction of convenient policies for international travel has contributed to the rising passenger flow, enhancing the attractiveness of Shenzhen as a travel hub [1] - Foreign tourists are expressing positive experiences regarding the visa-free policies, which have streamlined their travel plans in China [2]

Core Viewpoint - The aviation and airport sector experienced a rise of 0.82% on October 9, with Southern Airlines leading the gains, while the Shanghai Composite Index rose by 1.32% and the Shenzhen Component Index increased by 1.47% [1]. Group 1: Stock Performance - Southern Airlines (600029) closed at 6.17, up by 1.98% with a trading volume of 1.2 million shares and a transaction value of 724 million yuan [1]. - China Eastern Airlines (600115) closed at 4.22, up by 1.69% with a trading volume of 2.3 million shares and a transaction value of 941 million yuan [1]. - Hainan Airlines (600221) closed at 1.64, up by 1.23% with a trading volume of 4.6 million shares and a transaction value of 752 million yuan [1]. - Xiamen Airport (600897) closed at 14.37, down by 0.62% with a trading volume of 19,700 shares and a transaction value of 28.2 million yuan [2]. - Baiyun Airport (600004) closed at 9.44, down by 0.42% with a trading volume of 201,000 shares and a transaction value of 18.9 million yuan [2]. Group 2: Capital Flow - The aviation and airport sector saw a net outflow of 119 million yuan from institutional investors, while retail investors contributed a net inflow of 27.67 million yuan [2]. - China National Airlines (601111) had a net inflow of 33.72 million yuan from institutional investors, but a net outflow of 36.14 million yuan from retail investors [3]. - Hainan Airlines (600221) experienced a net inflow of 22.03 million yuan from institutional investors, while retail investors had a net inflow of 231,800 yuan [3].

Core Insights - Shenzhen Airport's border crossing volume has exceeded 5 million this year, marking a year-on-year increase of over 22%, reaching this milestone 60 days earlier than last year, setting a historical record for the same period [1][2] Group 1: Passenger Traffic - During the recent eight-day National Day and Mid-Autumn Festival holiday, Shenzhen Airport's border inspection station processed nearly 140,000 inbound and outbound passengers, with over 900 flights, representing year-on-year increases of over 16% and 12% respectively [1] - The number of outbound mainland residents increased by nearly 10%, with Southeast Asian countries like Malaysia and Vietnam being the primary destinations [1] Group 2: International Travel Trends - The number of foreign visitors entering through Shenzhen Airport has reached nearly 1.1 million this year, showing a year-on-year growth of over 44% [1] - Approximately 60% of the foreign visitors entered under visa-free policies, which is a year-on-year increase of over 141%, with travelers from Malaysia, Singapore, and Thailand leading the numbers [1] Group 3: Route Expansion - Shenzhen Airport has launched new round-trip international routes to destinations such as Da Nang in Vietnam, Manado in Indonesia, Sihanoukville in Cambodia, and Male in the Maldives, bringing the total number of international and regional destinations to over 50 [2] - Plans are in place to open new routes to Hai Phong in Vietnam and Melbourne in Australia [2]