为进一步打破服务场景限制，西安咸阳机场官宣自10月20日起启动"轻松行"2.0升级：旅客无需依托酒 店前台，通过"西部机场智慧出行"公众号或顺丰APP即可随时随地下单，预约1小时内上门取件。升级 后的服务覆盖西安主城九区，支持行李实时路由查询，凭借专属追踪编号可全程监控转运状态，从根源 上解决 "行李安全顾虑"。值得关注的是，服务严格遵循航空行李标准，对超重、特殊物品实行提前预 警，确保与机场托运流程无缝衔接。 "轻松行"的落地，是西安咸阳机场"感知—网络—平台—应用"全栈数智体系的生动实践——依托75个智 能化系统构建的"智慧中枢"，行李转运信息与航班动态、安检数据实现实时联动，通过AI算法优化运力 调度，将行李错运率控制在0.01% 以下。这一模式与厦门机场"跨航企行李直挂"、北京大兴机场 "一站 式中转"共同构成民航服务精细化升级的典型样本，彰显从"完成流程" 到 "创造体验"的理念转变。 西安咸阳机场 " 轻松行 " （西安咸阳机场供图） 西安咸阳机场相关负责人表示，在安全合规前提下，将进一步探索"市区交运—机场代托—直接装机"的 全流程无人化转运模式，还计划联动高铁、城际交通枢纽，打造"空地联运"行 ...

Core Points - The Xiong'an City Terminal has been officially assigned the airport code NXA by the International Air Transport Association (IATA), enhancing its connectivity with Beijing Daxing International Airport [1] - The terminal, covering an area of approximately 20,000 square meters, will feature 10 international check-in counters, 14 domestic check-in counters, and 3 oversized luggage counters, providing comprehensive services for passengers [1] - The terminal aims to improve the regional air service experience by allowing passengers to complete check-in, security checks, and luggage handling in Xiong'an, thus facilitating a seamless travel experience [1] Transportation Connectivity - The Xiong'an terminal is connected to Daxing Airport via the Jingxiong Express Line, enabling passengers to reach Daxing Airport in 30 minutes and the Beijing Lize Business District in 60 minutes [1] - This connection allows for integration with the Beijing subway system, creating a new transportation framework for the Beijing-Xiong'an area [1] Future Developments - Daxing Airport plans to collaborate with airlines to develop connecting products for routes from Xiong'an to Daxing and other domestic/international cities, enhancing travel convenience for business passengers [2] - The initiative aims to support the launch of international flights from Xiong'an to various global destinations, thereby facilitating business travel and international expansion for companies [2]

Core Viewpoint - Shenzhen Airport reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year [1] Financial Performance - Total revenue reached 2.528 billion yuan, a year-on-year increase of 12.32% [1] - Net profit attributable to shareholders was 312 million yuan, up 79.13% year-on-year [1] - In Q2 2025, total revenue was 1.273 billion yuan, reflecting a 13.45% increase year-on-year [1] - Q2 net profit attributable to shareholders was 149 million yuan, an increase of 87.35% year-on-year [1] - Gross margin improved to 24.16%, a year-on-year increase of 21.73% [1] - Net margin rose to 12.35%, up 59.56% year-on-year [1] Cost Management - Total selling, administrative, and financial expenses amounted to 237 million yuan, accounting for 9.39% of revenue, a decrease of 18.74% year-on-year [1] - The company reported a significant improvement in operational efficiency, as indicated by the reduction in expense ratios [1] Asset and Liability Management - Cash and cash equivalents increased to 2.782 billion yuan, a 50.18% rise year-on-year [1] - Interest-bearing liabilities decreased to 3.877 billion yuan, down 7.45% year-on-year [1] Earnings and Cash Flow - Earnings per share (EPS) increased to 0.15 yuan, a rise of 79.06% year-on-year [1] - Operating cash flow per share was 0.54 yuan, reflecting a 5.71% increase year-on-year [1] - Net asset value per share was reported at 5.57 yuan, up 3.01% year-on-year [1] Operational Insights - The company’s return on invested capital (ROIC) was 3.61%, indicating a relatively weak capital return [3] - The company has faced challenges in the past, with a median ROIC of 4.13% over the last decade and two years of losses since its listing [3] Market and Competitive Environment - The opening of the Shenzhen-Zhongshan Channel has significantly improved transportation convenience, leading to increased passenger traffic at the airport [5] - The company is actively managing flight operations to enhance on-time performance, contributing to the growth in passenger numbers [5] - The company is monitoring the performance of its investment in Chengdu Shuangliu Airport, which has faced challenges but is expected to improve operational efficiency [6]

Core Insights - The article highlights the rapid development of low-altitude logistics in China, particularly in Shenzhen, which is becoming a leader in the low-altitude economy with significant advancements in logistics infrastructure and policy support. Group 1: Low-altitude Logistics Development - In 2024, over 140 new low-altitude logistics routes will be opened in China, with urban routes making up 90% of the total, primarily for last-mile delivery services [1] - Shenzhen has established a total of 250 drone logistics routes as of 2024, with a 27% year-on-year increase in drone cargo flights, reaching 776,000 flights [2] Group 2: Policy and Standards - Shenzhen is leading in the construction of a policy standard system for low-altitude economy, having introduced the first local legislation on low-altitude economy and a framework for standardization [4][5] - The city has initiated the compilation of 18 local standards for low-altitude economy, focusing on practical applications to drive high-quality development [5] Group 3: Smart Logistics Centers - The first "air-ground collaborative" smart logistics center in the country, located in Shenzhen, integrates drone delivery with ground logistics, significantly enhancing delivery efficiency [8] - This logistics center can deliver local packages within 2 hours and cross-city packages within 3 hours, showcasing the effectiveness of the air-ground integration model [9] Group 4: Future Goals and Initiatives - Shenzhen's 2024-2026 work measures aim to promote high-quality development in modern logistics, including the establishment of a national-level air traffic management pilot city and support for "air-ground combined" logistics models [10][11] - The goal is to create a low-altitude economic industrial cluster, with plans to exceed 420 logistics take-off and landing points by 2025 [11]

Group 1: Impact of Transportation Infrastructure - The opening of the Shenzhen-Zhongshan Corridor has significantly improved transportation convenience in the Pearl River Delta, reducing travel time from Zhongshan to Shenzhen Airport to 30 minutes and from Jiangmen to 1 hour [1] - The number of passengers served has increased substantially due to the enhanced air service chain connecting Zhongshan and Jiangmen [1] Group 2: Passenger Volume Growth - April passenger volume growth was notably higher compared to Q1, primarily due to last year's low base caused by adverse weather affecting flight release rates [2] - Improved weather conditions this year have led to a significant increase in flight release rates, supported by the implementation of PLAN X and PLAN A runway operation modes [2] Group 3: Financial Outlook for Chengdu Shuangliu Airport - Shenzhen Airport holds a significant stake in Chengdu Shuangliu Airport and is closely monitoring its development [2] - Due to external factors and the diversion of traffic to Tianfu Airport, Shuangliu Airport has experienced investment losses, but operational improvements are expected following the completion of T1 terminal upgrades [2] - The company anticipates a substantial improvement in operational performance for Shuangliu Airport this year [2]