Core Insights - Shenzhen Airport is projected to achieve significant growth in both passenger and cargo volumes by 2025, with passenger throughput reaching 66.48 million and cargo volume exceeding 2.05 million tons [1][2]. Passenger Business - In 2025, Shenzhen Airport is expected to handle a total of 66.48 million passengers, with international passenger traffic surpassing 6.3 million, reflecting a growth of over 20% compared to 2019 [1]. - The airport will expand its domestic route network by adding 12 new domestic destinations, aiming for over 60.1 million domestic passengers, maintaining its position as the second-largest in China [1]. - Internationally, 14 new international routes will be launched, and 14 existing routes will see increased frequency, bringing the total to 61 international and regional destinations [1]. - Marketing efforts to attract diverse passenger sources include promotional activities in regions like Xinjiang and Yunnan, and the introduction of a new city lounge in Hong Kong [1]. Cargo Business - Cargo and mail throughput is expected to exceed 2.05 million tons in 2025, marking a 9% increase, with international cargo volume reaching 1.06 million tons, a 10% growth [2]. - Cross-border e-commerce is identified as a key driver for international cargo growth, with over 350,000 tons of cargo expected, reflecting an increase of over 8% [2]. - The airport is enhancing its domestic cargo operations by establishing three new cargo stations and leveraging partnerships with logistics companies to maximize transport capacity [2]. Infrastructure Development - Shenzhen Airport is set to enhance its infrastructure with the completion of three runways and the commencement of construction on the T2 terminal and other facilities, aiming to accommodate 80 million passengers and 4.5 million tons of cargo annually [3]. - The airport management emphasizes a commitment to high-quality development and service upgrades during the 14th Five-Year Plan period [3].

从经营模式来看，目前国内机场商业主要有三种经营模式：一是自营，即机场管理机构自己经营；二是 特许经营、租赁外包或委托管理；三是联合或合作经营。不同机场的商业管理及运营模式是在各地机场 历史发展演变的多种因素影响下形成的。 内容概要：机场商业对城市经济发展、旅客体验提升及文化交流传播都有着不可忽视的作用。国内枢纽 机场商业收入的驱动力主要源自多方面协同作用。机场商业生态是一个多元且紧密关联的体系，是机场 非航收入的重要来源。在非航业务中，最具代表性的是广告、商业零售和餐饮业务，是非航业务收入中 占比最大的业务板块。非航业务各板块相互协作，共同打造便捷、舒适且具商业活力的机场环境，满足 旅客多样化需求，提升机场整体运营效益。2024年我国机场商业市场规模1136.7亿元，其中，航空性收 入502.62亿元，非航空收入634.08亿元。在非航空收入中，机场零售额151.64亿元，机场广告收入95.72 亿元，机场餐饮收入134.59亿元，机场物流收入116.51亿元，租赁及其他收入135.62亿元。 相关企业：上海国际机场股份有限公司、广州白云国际机场、海南机场设施股份有限公司、深圳市机场 （集团）有限公司、厦门高 ...

Market Overview - The aviation and airport sector experienced a decline of 0.33% on January 8, with Xiamen Airport leading the drop [1] - The Shanghai Composite Index closed at 4082.98, down 0.07%, while the Shenzhen Component Index closed at 13959.48, down 0.51% [1] Stock Performance - Notable stock performances include: - CITIC Hainan Airlines (Code: 6600000) rose by 2.26% to close at 21.27 with a trading volume of 249,100 shares and a turnover of 530 million yuan [1] - Spring Airlines (Code: 601021) increased by 0.66% to 59.43 with a turnover of 310 million yuan [1] - China Eastern Airlines (Code: 600115) saw a rise of 0.65% to 6.18 with a trading volume of 827,800 shares [1] - Xiamen Airport (Code: 600897) fell by 1.86% to 17.39 with a turnover of 162 million yuan [2] Capital Flow - The aviation and airport sector saw a net outflow of 222 million yuan from major funds, while retail investors contributed a net inflow of 243 million yuan [2] - The capital flow for individual stocks indicates: - CITIC Hainan Airlines had a net outflow of 33.83 million yuan from major funds [3] - Shanghai Airport experienced a net inflow of 11.45 million yuan from major funds [3] - Xiamen Airport had a net outflow of 15.54 million yuan from major funds but a net inflow of 16.07 million yuan from retail investors [3]

格隆汇1月8日｜摩根大通发表报告指，中国机场业踏入2026年迎来国际旅游强劲复苏，但投资者需应对 免税特许权重设，对盈利带来的影响。中国去年国际旅客量按年增长18%至22%，主要机场客流量已超 越疫前水平。该行上调对上海机场评级并视为行业首选，其新成立的免税合资企业预计将推动今明两年 盈利增长12%，并凭借业主+股东模式确立行业领先地位。北京首都机场新合约带来的上行空间有限， 且对旅客增长敏感度较低。白云机场受惠高收益分成模式及强劲国际客流，深圳机场仍以国内业务为 主。 该行把上海机场评级由"中性"上调至"增持"，目标价由35元上调至45元；维持白云机场"增持"评级 及13元目标价；但下调北京首都机场评级至"中性"，目标价由4港元降至3港元；维持深圳机场"减持"评 级及目标价6元。 ...

Core Viewpoint - The aviation and airport sector experienced a slight decline of 0.2% on January 7, with CITIC Hainan Airlines leading the drop. The Shanghai Composite Index rose by 0.05%, while the Shenzhen Component Index increased by 0.06% [1]. Group 1: Stock Performance - Xiamen Airport (600897) closed at 17.72, up by 2.72% with a trading volume of 151,500 shares and a transaction value of 268 million yuan [1]. - Southern Airlines (600029) closed at 8.15, up by 0.74% with a trading volume of 448,600 shares and a transaction value of 366 million yuan [1]. - Spring Airlines (601021) closed at 59.04, up by 0.63% with a trading volume of 63,900 shares and a transaction value of 379 million yuan [1]. - China Eastern Airlines (600115) closed at 6.14, up by 0.16% with a trading volume of 873,400 shares and a transaction value of 538 million yuan [1]. - China National Aviation (601111) closed at 9.15, down by 0.54% with a trading volume of 581,300 shares and a transaction value of 534 million yuan [2]. Group 2: Capital Flow - The aviation and airport sector saw a net outflow of 247 million yuan from institutional investors, while retail investors contributed a net inflow of 184 million yuan [2]. - Xiamen Airport had a net inflow of 41.95 million yuan from institutional investors, accounting for 15.68% of its total trading [3]. - Shanghai Airport experienced a net inflow of 28.87 million yuan from institutional investors, representing 7.73% of its total trading [3]. - China Eastern Airlines had a net outflow of 21.72 million yuan from institutional investors, with retail investors contributing a net inflow of 13.25 million yuan [3].

Core Insights - The aviation and airport sector saw a 0.5% increase on January 6, with Juneyao Airlines leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up 1.5%, while the Shenzhen Component Index closed at 14022.55, up 1.4% [1] Stock Performance - Juneyao Airlines (603885) closed at 15.26, up 3.32% with a trading volume of 252,100 shares and a turnover of 379 million yuan [1] - China Eastern Airlines (600115) closed at 6.13, up 1.32% with a trading volume of 2,259,400 shares and a turnover of 1.373 billion yuan [1] - Shenzhen Airport (000089) closed at 7.05, up 1.15% with a trading volume of 135,900 shares and a turnover of 95.385 million yuan [1] - Shanghai Airport (600009) closed at 32.97, up 0.83% with a trading volume of 121,000 shares and a turnover of 398 million yuan [1] - Xiamen Airport (600897) closed at 17.25, up 0.29% with a trading volume of 73,800 shares and a turnover of 12.7 million yuan [2] Capital Flow - The aviation and airport sector experienced a net outflow of 146 million yuan from institutional investors, while retail investors saw a net inflow of 10.53 million yuan [2] - Major stocks like Juneyao Airlines and Shanghai Airport attracted significant net inflows from retail investors, while others like Xiamen Airport and Spring Airlines faced net outflows [3]

Market Overview - The aviation and airport sector experienced a decline of 0.31% on January 5, with China National Aviation leading the drop [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China National Aviation closing at 9.20, down 1.81%, and China Eastern Airlines at 6.05, up 0.83% [2] - The trading volume and turnover for major stocks included: - China National Aviation: 1.22 million shares, turnover of 1.11 billion [2] - China Eastern Airlines: 1.79 million shares, turnover of 1.07 billion [2] - Xiamen Airport: 66,800 shares, turnover of 115 million [2] Capital Flow - The aviation and airport sector saw a net inflow of 119 million from institutional investors, while retail investors experienced a net outflow of 173 million [2] - The capital flow for specific stocks indicated: - China Eastern Airlines had a net inflow of 94.70 million from institutional investors [3] - China National Aviation faced a net outflow of 18.89 million from institutional investors [3] - Shenzhen Airport had a net inflow of 12.24 million from institutional investors [3]

证券代码：000089 证券简称：深圳机场 公告编号：2026-001 深圳市机场股份有限公司 （四）会议召开的日期、时间： 1.现场会议时间：2026 年 1 月 12 日（星期一）14:30 2.网络投票时间：2026 年 1 月 12 日（星期一） 关于召开2026年第一次临时股东会的提示性公告 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。 深圳市机场股份有限公司（以下简称"公司"）于 2025 年 12 月 27 日在《中国证券 报》《证券时报》和巨潮资讯网 （http://www.cninfo.com.cn）上刊登了《深圳市机场 股份有限公司关于召开 2026 年第一次临时股东会的通知》，定于 2026 年 1 月 12 日（星 期一）以现场表决和网络投票相结合的方式召开公司 2026 年第一次临时股东会，现将会 议有关事项再次提示如下： 一、召开会议的基本情况 （一）会议届次：2026 年第一次临时股东会。 （二）会议召集人：公司董事会。经公司第八届董事会第十六次临时会议审议通过， 公司定于 2026 年 1 月 12 日（星期一）在深圳宝安国际 ...

南都讯 "南方航空（600029）8473，可以起飞。"2025年12月31日23时58分，随着深圳宝安塔台管制员 的指令下达，深圳空管圆满完成2025年度深圳宝安国际机场航班运行保障任务。统计数据显示，2025年 深圳空管共保障宝安机场航班起降44.78万架次，同比增长4.6%，日均保障1227架次，单日保障高峰达 1379架次，再创新高。其中，单日航班起降超1300架次的天数达42天，是2024年的5倍；1200架次以上 的天数占全年的76%，航班放行正常率稳定在89%。 随着深圳机场（000089）第三跑道于2025年11月27日正式投运，深圳机场自此迈入 "三跑道时代"。深 圳空管站依托运协委平台深化与机场、航司协同，联合攻关东机坪运行优化、临界延误航班分析等课 题，对接上级部门优化航班时刻参数，缓解高峰时段运行压力。同时抓住三跑道投运与大湾区空域优化 契机，常态化开展双跑道全混合运行，推进目视进近试点，系统性精简进离场飞行程序，从 107条优化 至36条。投运后实现南北双方向八种运行模式，有效破解机场长期超负荷运行难题。2025年，深圳空管 坚守"安全隐患零容忍"底线，深化双重预防机制，全年持续开展 ...

广东人气真的是旺旺旺！有多旺？看看地铁和机场的人流就知道了。 其他机场体量虽然较小，但也迎来突破。譬如惠州机场，"十四五"期间运输生产实现跨越式增长，旅客 吞吐量从2020年的198万人次攀升至2024年的287万人次；2025年预计突破336万人次，创历史新高；货 邮吞吐量首次突破1万吨。 目前，广东是全国首个拥有四个千万级机场的省份，同时也是全国年旅客吞吐量最高的省份。 值得一提的是，白云机场国内2号货站也在日前正式投入运营，建筑面积达5.87万平方米，白云机场三 期货运设施将随之陆续投产，将进一步助力广州空港型国家物流枢纽建设；惠州机场开通首条全货机航 线，将大幅提升跨境电商、电子产品等高附加值产业的物流效率。 元旦首日，继广州地铁宣布单日客运量刷新历史纪录的同时，机场方面也传来捷报。 2026年1月1日，南方财经记者获悉，广东机场系统交出了一份靓丽的成绩单。2025年全年，广东机场集 团管理的机场旅客吞吐量首次突破1亿人次，达1.0065亿人次；全省机场旅客吞吐量超过1.8亿人次，居 全国各省区市首位。其中，白云机场（600004）枢纽建设各项生产指标除国际旅客外，均创历史新高。 公开资料显示，广东机 ...