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白云机场: 中国国际金融股份有限公司关于广州白云国际机场股份有限公司向特定对象发行股票之上市保荐书（2025年半年报财务数据更新版）
GBIACGBIAC(SH:600004) Zheng Quan Zhi Xing·2025-09-01 16:18

Core Viewpoint - Guangzhou Baiyun International Airport Co., Ltd. is preparing for a specific issuance of A-shares in 2024, aiming to enhance its capital structure and support its operational growth [1][2]. Company Overview - Company Name: Guangzhou Baiyun International Airport Co., Ltd. - Registered Capital: 236,671.8283 million RMB - Established: September 19, 2000 - Listed on: Shanghai Stock Exchange on April 28, 2003 - Main Business: Provides passenger transit services, ground services related to air transport, and various aviation-related services [2][3]. Financial Data - Total Assets: 2,734,215.96 million RMB (2022), 2,699,793.48 million RMB (2023), 2,619,004.56 million RMB (2024) - Total Liabilities: 834,923.94 million RMB (2022), 840,596.07 million RMB (2023), 838,370.27 million RMB (2024) - Operating Revenue: 397,095.99 million RMB (2022), 643,086.83 million RMB (2023), 742,359.72 million RMB (2024), 372,604.62 million RMB (2025, 1-6 months) - Net Profit: -109,178.99 million RMB (2022), 48,100.37 million RMB (2023), 96,575.30 million RMB (2024), 76,977.14 million RMB (2025, 1-6 months) [6][10][11]. Business Operations - The company operates as a composite hub airport, being one of the three major gateway airports in China, with a focus on both aviation services and aviation-related extended services [10][12]. - The main revenue sources include aviation services (42.27% of total revenue) and aviation-related extended services (57.73% of total revenue) [10]. Issuance Details - The company plans to issue A-shares to specific investors, with a maximum of 210,526,315 shares and total fundraising not exceeding 160,000 million RMB [19][20]. - The issuance price is set at 7.60 RMB per share, which is not less than 80% of the average trading price over the previous 20 trading days [18][19]. Regulatory Compliance - The issuance has been approved by the company's board and requires further approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [25][26].