Core Viewpoint - The recent data from major airports in Shanghai, Shenzhen, and Guangzhou indicates a continued growth in passenger throughput, particularly in international routes, which is a significant driver for performance recovery [1][2] Group 1: Passenger Traffic Growth - In May, Shanghai Airport reported a passenger throughput of 7.0742 million, a year-on-year increase of 13.03%, with international passenger traffic growing by 25.8% [2] - Shenzhen Airport recorded a passenger throughput of 5.5387 million, up 15.67%, with international routes seeing a substantial increase of 30.99% [2] - Guangzhou Baiyun Airport had a passenger throughput of 6.8636 million, a 14.27% increase, with international passenger traffic rising by 19.87% [2] Group 2: Factors Driving Growth - The combination of the "Labor Day" and "Dragon Boat Festival" holidays in May led to a surge in travel demand, supported by stable flight availability [1] - The implementation of visa-free policies and payment conveniences for inbound travelers has enhanced the attractiveness of China as a travel destination [1][2] Group 3: Financial Performance Improvement - Shanghai Airport's revenue for 2024 is projected to be nearly 12.4 billion, a 12% increase, with net profit expected to reach 2 billion, doubling year-on-year [3] - In Q1 2025, Shanghai Airport reported revenues exceeding 3 billion and net profits over 500 million, reflecting a nearly 35% year-on-year growth [3] Group 4: Challenges and Strategic Responses - Despite the recovery in passenger throughput, international passenger numbers and duty-free sales have not fully returned to pre-2019 levels, impacting overall performance [3] - Airports are focusing on enhancing connectivity with international hubs and expanding routes to Southeast Asia, the Middle East, and other regions to recover international passenger volumes [4] - Airports are also encouraged to improve service quality and explore non-aeronautical revenue streams such as retail and dining to boost profitability [4]

2025年4月30日，厦门空港(600897.SH)发布2024年年报。 公司营业总收入为18.82亿元，较去年同报告期营业总收入增加1.86亿元，实现2年连续上涨，同比较去 年同期上涨10.98%。归母净利润为4.31亿元，在已披露的同业公司中排名第6，较去年同报告期归母净 利润增加7716.18万元，实现2年连续上涨，同比较去年同期上涨21.80%。经营活动现金净流入为7.02亿 元，较去年同报告期经营活动现金净流入增加8873.18万元，实现2年连续上涨，同比较去年同期上涨 14.47%。 公司最新资产负债率为17.51%，在已披露的同业公司中排名第1，较去年同期资产负债率减少1.39个百 分点。 公司最新总资产周转率为0.34次，较去年同期总资产周转率增加0.01次，实现2年连续上涨，同比较去年 同期上涨2.91%。最新存货周转率为2096.36次，在已披露的同业公司中排名第1，较去年同期存货周转 率增加525.91次，实现2年连续上涨，同比较去年同期上涨33.49%。 公司股东户数为1.69万户，前十大股东持股数量为3.07亿股，占总股本比例为73.57%，前十大股东持股 情况如下： | 序号 | ...

根据民航局数据，2024年全行业运输总周转量、旅客运输量、货邮运输量同比均实现了约20%的增长， 全行业同比减亏206亿元，总体实现扭亏为盈。 梳理国内其他机场上市公司已发布的财报数据，记者发现，2024年机场上市公司业绩分化明显，深圳机 场（000089）、白云机场（600004）营收净利润双双增长。白云机场2024年飞机起降架次、旅客吞吐 量、货邮吞吐量较上年均实现两位数增长，带动了公司航空性业务收入和非航空性业务收入增长。而海 南机场（600515）受非航空业务拖累影响明显，最终导致净利润腰斩。 4月28日晚，上海机场（600009）发布2024年年报和2025年一季报。2024年全年营收近124亿元，同比增 长约12%；归属于上市公司股东的净利润近20亿元，同比实现翻倍增长。2025年第一季度营收超30亿 元，同比微增，净利润超5亿元，同比增长近35%。 公司表示，业绩增长主要是因为2024年上海浦东和虹桥两大机场年旅客吞吐量超1.24亿人次，创下历史 新高，两场年货邮吞吐量超420万吨，超过2019年水平。 《每日经济新闻》记者注意到，2024年上海两大机场国际航线恢复显著，2024年浦东机场国际航 ...