海南机场：收购美兰空港 加速转型发展 23.39 亿

Core Viewpoint - Hainan Airport plans to acquire controlling stake in Meilan Airport, aiming to enhance its focus on airport operations and achieve a significant increase in passenger throughput [1] Group 1: Acquisition Details - Hainan Airport intends to purchase 237.5 million shares of Meilan Airport for a total consideration of 2.339 billion yuan, equating to 9.85 yuan per share [1] - Upon completion of the transaction, Hainan Airport and its wholly-owned subsidiary will hold at least 50.19% of Meilan Airport's shares, becoming the controlling shareholder [1] - The acquisition is part of a broader strategy to consolidate operations across three major airports in Hainan, targeting an annual passenger throughput exceeding 50 million [1] Group 2: Operational Strategy - In 2024, Meilan Airport achieved a record passenger throughput of 26.89 million, reflecting a year-on-year growth of 10.5% [1] - Hainan Airport is focusing on "de-real estate" initiatives, with plans to increase the proportion of airport management revenue to over 60% post-acquisition [1] - The company aims to leverage credit management and big data analysis to enhance policy implementation and project execution, while also expanding international flight routes [1] Group 3: Market Positioning - The acquisition is a key component of Hainan Airport's annual market value management plan, which includes shareholder buybacks and profit distributions [1] - The company is positioning itself to create a unique "airport + duty-free" flow entry point within the island, aiming for differentiated development in the airport sector [1]