Hainan Airport Infrastructure(SH:600515) Zhong Guo Xin Wen Wang·2025-12-12 08:28Core Insights - Hainan's three major airports are expected to exceed 50 million passengers for the first time this year, setting a historical record, with international passenger volume projected to surpass 2.4 million, a 30% year-on-year increase [1][2] Group 1: Airport Capacity and Infrastructure Development - The "14th Five-Year Plan" period has seen Hainan enhance airport "guarantee capabilities," with a focus on the construction of a free trade port airport cluster, including the renovation of Haikou Meilan Airport's international transfer area and the expansion of Sanya Phoenix and Qionghai Boao airports [1] - After the completion of these projects, the three airports on the island will have a combined annual passenger throughput capacity of 68 million [1] Group 2: International Connectivity and Route Expansion - Hainan is accelerating the development of an aviation hub facing the Pacific and Indian Oceans, optimizing its "air network" by expanding intercontinental and medium-to-long-haul routes [1] - By 2025, the proportion of medium-to-long-haul routes operated by wide-body aircraft is expected to increase from 10% to 20%, significantly improving connectivity to Europe, Oceania, and the Middle East [1] - The number of international transfer routes has increased significantly, with enhanced frequency and connectivity to international hubs such as Hong Kong, Singapore, and Thailand [1] Group 3: Service Improvement and Operational Efficiency - Hainan is focused on improving aviation service levels by implementing "time management" strategies to shorten check-in, security, and baggage claim times, thereby enhancing passenger satisfaction [2] - The flight punctuality rate has improved from 84.96% at the beginning of the "14th Five-Year Plan" to 92.53% [2]