YTO(SH:600233) Nan Fang Du Shi Bao·2025-12-26 15:28Core Viewpoint - The launch of the "Huizhou=Jiaxing" cargo route by YTO Airlines marks a significant milestone for Huizhou Airport, being its first all-cargo flight and the first domestic cargo aircraft operation in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] Group 1: Route and Operational Details - The "Huizhou=Jiaxing" cargo route is operated by YTO Airlines and enhances logistics efficiency for high-value industries such as cross-border e-commerce and electronics [1] - The route signifies a transition from cargo being carried in passenger aircraft to dedicated all-cargo operations, providing a reliable air freight option between the Greater Bay Area and the Yangtze River Delta [1] - The inaugural flight utilized the domestically developed C909 all-cargo aircraft, which is designed for high-altitude adaptability and short-distance takeoff and landing capabilities [1] Group 2: Strategic Implications - The opening of this cargo route will accelerate the operational capabilities of Huizhou Airport and provide opportunities for the C909 aircraft to expand into the Southeast Asian market [2] - YTO Airlines, a subsidiary of YTO Express, aims to establish Huizhou as a regional air logistics hub, integrating into a high-efficiency freight network with domestic and international reach [2] - The airport's growth is aligned with the national strategy for transportation and the promotion of high-end equipment autonomy, reflecting a commitment to enhancing regional logistics capabilities [2] Group 3: Performance Metrics - Huizhou Airport has seen significant growth in passenger throughput, increasing from 1.98 million in 2020 to an expected 2.87 million in 2024, with projections to exceed 3.36 million by 2025 [2] - The cargo volume is anticipated to surpass 10,000 tons for the first time, showcasing the economic vitality of the Greater Bay Area [2] - The launch of the C909 all-cargo aircraft marks a new development phase for Huizhou Airport, contributing to the strategic development of the regional airport network [2]