Group 1 - The core point of the article highlights the proactive measures taken by Nantong Airport in response to a snowstorm, ensuring operational safety and smooth travel for passengers [1][2][4] Group 2 - Nantong Airport activated its Level IV snow and ice removal plan on January 19 at 13:30, demonstrating preparedness for adverse weather conditions [2] - Various support units collaborated effectively, with the engineering department ensuring sufficient de-icing fluid was available and personnel were on standby for aircraft de-icing [2] - Ground services focused on passenger safety and experience by laying down anti-slip mats, providing guidance, and implementing moisture control for luggage [2] - Fuel supply units adhered to operational standards to ensure safe and reliable fuel loading during the cold weather [2] - The airport management organized snow removal efforts to keep access roads clear for vehicle traffic [2] Group 3 - As of January 20 at 18:00, Nantong Airport successfully managed 66 flights, completed de-icing for 19 outbound flights, and transported 4,417 passengers without any delays caused by the weather [4]

Core Viewpoint - Shanghai Airport's stock has shown a slight increase of 2.02% on January 20, with a current price of 32.36 CNY per share and a total market capitalization of 80.52 billion CNY, despite a year-to-date decline of 1.22% [1] Group 1: Financial Performance - For the period from January to September 2025, Shanghai Airport achieved an operating revenue of 9.714 billion CNY, representing a year-on-year growth of 5.69% [2] - The net profit attributable to shareholders for the same period was 1.634 billion CNY, reflecting a significant year-on-year increase of 35.98% [2] - Cumulative cash dividends since the A-share listing amount to 13.162 billion CNY, with 1.817 billion CNY distributed over the past three years [3] Group 2: Shareholder and Market Activity - As of September 30, 2025, the number of shareholders for Shanghai Airport was 181,100, a decrease of 1.62% from the previous period, while the average circulating shares per person increased by 8.41% to 11,297 shares [2] - The stock experienced a net inflow of 14.124 million CNY from major funds, with significant buying activity from large orders [1] - Major shareholders include China Securities Finance Corporation, holding 57.617 million shares, and Hong Kong Central Clearing Limited, which reduced its holdings by 29.2402 million shares [3]

证券日报网讯 1月19日，上海机场在互动平台回答投资者提问时表示，公司统一管理上海两场，经营业 务主要分为航空性业务和非航空性业务，航空性业务指与飞机、旅客及货物服务直接关联的基础性业 务；其余类似延伸的商业、办公室租赁、值机柜台出租、货运站操作业务等都属于非航空性业务。根据 公司2025年半年度报告，2025年1月-6月公司航空性收入为29.16亿元，占总收入比重为45.9%。2025年 以来，在国内市场保持旺盛、国际市场加快恢复的背景下，上海机场围绕民航局"一圈、六廊、五通 道"规划，积极服务航司织密全球航网，新增了塞尔维亚贝尔格莱德、摩洛哥卡萨布兰卡、瑞士日内 瓦、阿根廷布宜诺斯艾利斯4个洲际航点。上海机场航线网络覆盖全球54个国家的302个航点，其中通航 国家数量创下历史新高。 （文章来源：证券日报） ...

Core Viewpoint - Insurance capital has begun to actively participate in equity investments, with the first significant move in 2026 being the acquisition of shares in Shanghai Airport by Taiping Asset Management, marking a continuation of the trend of insurance capital increasing its stake in high-dividend sectors [2][3]. Group 1: Insurance Capital Movements - On January 9, 2026, Taiping Asset Management increased its stake in Shanghai Airport from 2.09% to 5%, acquiring 72.424 million A-shares through block trading [3]. - The total number of insurance capital acquisitions reached 41 in 2025, more than doubling from 20 in 2024, marking the second-highest annual total in history [2][6]. - The trend of insurance capital acquiring stakes is expected to continue, particularly in sectors like banking and public utilities that offer high dividends [2][6]. Group 2: Investment Rationale - Shanghai Airport's monopoly advantage and strong cash flow align with insurance capital's preference for stable, income-generating assets in a low-interest-rate environment [3][4]. - The investment strategy of insurance capital is increasingly driven by the OCI (Other Comprehensive Income) approach, focusing on stable dividend yields rather than short-term capital gains [7]. - Analysts suggest that the preference for high-dividend stocks is a response to declining yields in traditional fixed-income assets, making stable cash flow assets more attractive [4][7]. Group 3: Market Trends and Future Outlook - The ongoing low-interest-rate environment is expected to sustain the demand for high-dividend stocks, with insurance capital actively seeking opportunities in this area [8]. - The energy sector, particularly companies like Chenzhou International, is gaining attention due to innovative operational models and cost advantages in maintenance services [8][9]. - The overall trend indicates that insurance capital will continue to focus on sectors with strong dividend yields and stable cash flows, providing a stabilizing influence in the capital markets [5][8].

Core Insights - The Baiyun Airport port has seen over 1 million inbound and outbound passengers since the beginning of 2026, achieving this milestone three days earlier than in 2025, with a year-on-year increase of 20.5%, setting a new record for the same period [1][3] - The rapid growth in foreign passenger traffic at the port reflects the resilience and vitality of the region's high-level openness, with over 430,000 foreign travelers recorded from January 1 to January 19, 2026, marking a 56.9% increase year-on-year [3][5] - The airport has entered an operational phase with "five runways and three terminals," establishing a route network covering 105 major cities globally, with over 146 international routes and nearly 30 intercontinental destinations [5][7] Passenger Traffic and Services - The port is expected to experience a new peak in passenger traffic during the upcoming Spring Festival, with daily inbound and outbound passenger flow potentially reaching 58,000 [7] - To enhance efficiency in processing the growing passenger traffic, the Baiyun border inspection station has introduced the "Zhuoyue Zhixun" intelligent assistant and optimized temporary entry permit services, promoting online filling of entry cards [7] - The station has also improved its smart border inspection capabilities, increasing the quick clearance rate for crew members from 11% to 90%, thereby supporting efficient international air transport operations [7]

格隆汇1月19日丨白云机场(600004.SH)公布，鉴于2026年春运临近，为进一步优化航站楼资源配置，营 造欢乐祥和、顺畅高效的出行环境，更好满足广大旅客出行需求，T1航站楼航司将分批转场至T3航站 楼，部分国内航班将仍在T1运营，转场时间另行确定。 ...

Group 1 - The ETF market experienced a record net redemption of 157.198 billion yuan in a single week, with over 180 billion yuan sold in just two days, leading to a 0.59% decline in the Shanghai Composite Index during that period [1][4] - Major funds are showing new trends, as the trading volume of the CSI 300 ETF decreased significantly, indicating reduced selling pressure [1] - The adjustment of the financing margin ratio to 100% is expected to impact market structure but not the overall upward trend of the market [3] Group 2 - The current round of leveraged buying is focused on commercial aerospace and AI application sectors, with the increase in financing margin signaling a suppression of thematic speculation [4][6] - The insurance sector is expected to see a significant increase in individual insurance premium income in 2026, with major companies reporting over 30% year-on-year growth [6] - Insurance funds have been actively increasing their equity market investments since the beginning of the year, with notable acquisitions in major banks and airports [6] Group 3 - The insurance funds are utilizing private equity funds to systematically invest in equity assets, with several funds already holding significant stakes in major A-share companies [12] - The top holdings of the Honghu series private equity funds include major companies such as Yili, China Telecom, and PetroChina, indicating a strategic focus on high dividend and strong cash flow stocks [12][14] - The trend towards high dividend stocks aligns with the current low interest rate environment, making them attractive for insurance capital allocation [14]

白云机场公告称，鉴于2026年春运临近，为优化航站楼资源配置，T1航站楼航司将分批转场至T3航站 楼，部分国内航班仍在T1运营，转场时间另行确定。公司曾于1月16日发布T1航站楼切换运营并暂时关 闭的公告。 ...

Core Insights - The Baiyun Airport port has seen over 1 million inbound and outbound passengers as of January 19, 2026, marking a 20.5% year-on-year increase and setting a new record for the same period [1] - The airport serves as a key hub in the Guangdong-Hong Kong-Macao Greater Bay Area, with an average daily traffic of over 55,000 passengers, achieving a strong start to the year [1] - With the Spring Festival approaching in 2026, the port is expected to experience another surge in passenger flow, potentially reaching 58,000 passengers in a single day [1]

"无感通关"更高效、个性化服务更温暖—— 她手足无措跑到行李服务柜台，靠着翻译软件和手势向机场工作人员焦急求助。索菲亚说，机场工 作人员特别耐心，一边温和地安抚她的情绪，一边帮她寻找丢失的行李。不到半小时，工作人员带来好 消息：行李箱被其他旅客误拿，已联系对方送回。 "原本以为会耽误大半天，没想到这么快就解决了。"索菲亚感慨，这份高效与温暖，让她对海南的 好感倍增。 索菲亚的自贸港"丝滑"之旅 海南日报全媒体记者 邵长春 通讯员 陈璐 暖阳洒在三亚凤凰机场国际到达大厅，多种语言的指引牌醒目清晰，俄罗斯游客索菲亚拖着行李 箱，步履轻快，笑意盈盈。她连续三年赴琼度假，此次旅程恰逢海南自贸港全岛封关即将满月。 "以前来海南经常要中转，现在直飞航班越来越多，票价也很实惠。"索菲亚翻出手机里的机票信 息，语气满是惊喜。 封关首月，海南加密多条国际航线，仅俄罗斯至三亚直飞航班每周就达23班。全国首条第七航 权"三亚⇌布拉格"客运航线也顺利落地，打破航空运输地域限制，让全球旅客"说走就走"的旅行照进现 实。 "得益于中国对俄罗斯推出的免签政策，我既没提前办签证，也不用准备复杂材料，只带了护照、 订了直飞三亚的机票就出发了。 ...