Core Points - Jinan Airport has introduced dual-screen voice translation devices at four inquiry positions to enhance the travel experience for foreign passengers and promote the integration of "aviation + tourism + economy" [1][4] - The translation devices support real-time translation in 15 major languages, including Chinese, English, Japanese, Korean, French, German, Russian, Thai, Vietnamese, Arabic, Spanish, and Portuguese [4] - The technology aims to eliminate language barriers, reduce consultation and processing time for foreign travelers, and ensure smooth communication in noisy airport environments [4][5] Summary by Sections Technology Implementation - The voice translation devices feature a transparent screen design, allowing international travelers to ask questions in their preferred language, with staff receiving the corresponding Chinese translation on their screen [4] - The devices integrate real-time translation, transparent touch control, and multi-modal noise reduction technology to ensure clear audio capture in noisy environments [4] Service Enhancement - The introduction of these devices is part of a broader strategy to create a more international and user-friendly service environment at Jinan Airport [4] - The airport is also enhancing its infrastructure and services, including multi-language service counters and a dedicated international service team to assist foreign travelers [5] Future Plans - Jinan Airport plans to continue innovating service measures and optimizing processes to improve service quality, aiming to set a new benchmark for international services [5]

Core Insights - The Guangzhou border inspection station anticipates a total passenger flow of approximately 149,000 during the Dragon Boat Festival holiday, representing a year-on-year increase of about 27.6% compared to the 2024 holiday [1] - The introduction of a new international flight route to Uzbekistan and the implementation of visa exemption policies are expected to further boost passenger traffic at Baiyun Airport [2] Passenger Flow Estimates - Daily average passenger flow at Baiyun International Airport is projected to be 48,000, with other ports like Nansha Passenger Port at 800, Dongguan Humen Passenger Port at 150, and Pazhou Hong Kong-Macao Passenger Terminal at 700 during the holiday [1] - Baiyun Airport is expected to see a daily average of 48,000 passengers during the holiday, with a year-on-year growth of 27.9%, and peak days may exceed 51,000 passengers [2] International Flight Operations - Baiyun Airport is expected to operate over 240 international flights daily during the holiday, reflecting a year-on-year increase of 15.9% [2] - The new international flight route to Uzbekistan commenced on May 19, and the visa exemption agreement with Uzbekistan will take effect on June 1, which is anticipated to increase passenger flow [2] Peak Travel Periods - The peak outbound travel dates are expected to be May 30 and May 31, while the peak inbound travel dates are June 1 and June 2 [2] - Specific peak hours for inbound and outbound traffic at T1 and T2 terminals have been identified, with T1 inbound peaks from 1-3 AM and 3-6 PM, and T2 inbound peaks from 5:30-7 AM and 12-3 PM [2]

Core Viewpoint - Baiyun Airport aims to achieve a passenger throughput of over 80 million for the year 2025 despite slow growth in Q1 due to ongoing construction impacts [2]. Financial Performance - In Q1 2025, Baiyun Airport reported a main revenue of 1.822 billion yuan, an increase of 9.52% year-on-year; net profit attributable to shareholders was 296 million yuan, up 57.71% year-on-year; and net profit excluding non-recurring items was 265 million yuan, a rise of 42.38% year-on-year [5]. - The company's debt ratio stands at 31.0%, with investment income of 28.53 million yuan and financial expenses of 19.58 million yuan, resulting in a gross profit margin of 27.85% [5]. Asset Depreciation - The depreciation period for terminal buildings is set at 40 years, while the main runway has a depreciation period of 30 years; other related facilities and equipment have varying depreciation periods from 4 to 15 years [4]. Profit Distribution Policy - The company emphasizes investor returns, with a historical dividend payout ratio of approximately 47%. It has established a medium to long-term cash dividend plan and aims to provide continuous and stable cash dividends to investors, sharing development results [5]. Market Ratings - Over the past 90 days, four institutions have rated the stock, with two buy ratings and two hold ratings. The average target price from institutions is 10.95 yuan [5]. Financing and Margin Data - In the last three months, the stock has seen a net outflow of 121 million yuan in financing, with a decrease in financing balance; however, there has been a net inflow of 1.4481 million yuan in securities lending, indicating an increase in securities lending balance [7].

作为第三届民航科教创新成果展期间的系列活动之一，"创新技术构建机场新未来"主题会议于2025年5 月27日下午召开。会议由中国民航报社有限公司主办，华为技术有限公司协办，来自首都机场集团、上 海机场集团、重庆机场集团、华为公司等国内10多家知名企业代表，围绕航空5G、AI大模型、数字孪 生等新技术、新应用在机场建设中的实践应用展开了主题演讲和深入研讨，引领全国机场行业培育新质 生产力，向着更安全、高效、环保的方向迈进。中豫航空集团的代表作了题为《数字赋能 流程重塑： 郑州机场货运转型升级之路》的主题发言，在近十分钟的介绍中，与会者或认真记录，或不时用手机拍 照，发言后，来自厦门等地的与会代表找到中豫航空集团专业人员作进一步的了解。 河南省航空货运发展有限公司的刘要南介绍说，过去国内机场货运的运营模式主要依赖人工操作和纸质 单据，效率低、误差率高、协同性差，郑州机场依托自身多年创新而成的集疏运体系，研发上线了多式 联运数据交易服务平台，2020年5月，郑州机场电子货运试点获得中国民航局正式批复，开始进行试点 建设、创新升级等一系列工作，初步解决了国内民航货运行业长期存在的重复填报、多头申报等痛点问 题，2023 ...

Group 1 - The core viewpoint of the articles emphasizes the importance of safety management at Hongqiao Airport, as highlighted by the annual administrative inspection conducted by the Shanghai Civil Aviation Administration [1][2] - The inspection focused on various key areas including the construction of safety personnel's work style, compliance with corporate regulations, self-inspection of legal requirements, and identification and management of safety hazards [1] - The inspection team acknowledged the effectiveness of the safety management system at Hongqiao Airport, which integrates multiple levels of meetings and utilizes tools like mini-programs and SMS systems to promote a culture of safety among all employees [1] Group 2 - The Shanghai Civil Aviation Administration provided specific work requirements for Hongqiao Airport, including the need to improve the dynamic assessment mechanism for safety management and to update regulatory requirements and risk databases [2] - The airport is required to actively organize actions to identify safety hazards as part of the June Safety Production Month, enhancing the quality and effectiveness of risk identification and rectification [2] - There is an emphasis on strengthening the safety information management and sharing mechanism to improve incident investigation capabilities and ensure timely and accurate reporting of safety information [2]

【深圳商报讯】（记者罗凯燕通讯员叶俊超）近日，一批"妃子笑"荔枝经深圳海关验放后，从深圳宝安 国际机场起飞，前往沙特阿拉伯利雅得哈立德国王国际机场。据悉，这批岭南佳果从树枝采摘到中东商 超货架，全程用时不到48小时，成为深圳机场口岸又一批飞赴海外市场"抢鲜"上市的"中国甜"。 当前是岭南荔枝等鲜果的出口旺季，鲜果出口是与时间赛跑的"保鲜战"。针对荔枝等生鲜农产品对时效 和温控的严苛要求，深圳海关持续深化"海空港畅流""空港智慧物流"改革，支持深圳机场前置出口理货 环节，不断优化监管作业系统、场地设施设备、物流路线和作业流程，将出口环节的海关通关时间压缩 至平均9.6分钟。通过将高效的口岸通关效率与航司的生鲜冷链运输优势有机融合，助力深圳机场打造 生鲜水果"空中快线"。 深圳宝安机场海关综合业务科副科长谭敏蕊介绍，宝安机场海关主动对接企业诉求，指派专人跟进航班 动态，指导企业规范提前申报，为荔枝等特色农产品开通"绿色通道"，确保农产品在口岸快查、快放， 同时协调场站优先安排打板装机，让深圳的新鲜特色农产品加速"端上"世界各地消费者的餐桌。 （文章来源：深圳商报） 据悉，今年以来，深圳机场口岸累计出口鲜果、食用水 ...

Meeting Overview - The annual general meeting of shareholders for Guangzhou Baiyun International Airport Co., Ltd. is scheduled for June 5, 2025, at 14:30 [1][2] - The meeting will be held at the comprehensive service building in the southeast work area of Guangzhou Baiyun International Airport [1][2] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange voting system [1][2] Voting Details - The voting time for the on-site meeting is from 9:15 to 15:00 on the day of the meeting [1][2] - Shareholders can vote via the trading system from 9:15-9:25, 9:30-11:30, and 13:00-15:00 [1][2] - The online voting system will be available from 9:15 to 15:00 on the meeting day [1][2] Agenda and Proposals - The meeting will review several proposals, with specific proposals already approved by the board and supervisory committee [2] - There are no related shareholders required to abstain from voting [2] Attendance and Registration - Shareholders registered by the close of trading on May 27, 2025, are eligible to attend the meeting [6] - Shareholders must complete registration procedures to attend the meeting, including providing necessary identification and documentation [6][7] Proxy Voting - Shareholders can appoint proxies to attend and vote on their behalf, with specific documentation required for proxy representation [6][7] - Multiple accounts held by a shareholder can be used to vote, but the total voting rights will be based on the aggregate shares held [4][5] Additional Information - The meeting is expected to last half a day, and attendees are responsible for their own travel and accommodation expenses [8] - Contact information for inquiries is provided, including phone numbers and email addresses [8]

Group 1: Recent Operational Performance - As of April 2025, Shenzhen Airport achieved a domestic passenger throughput of 19.83 million, representing a year-on-year increase of 8.01% [1] - The domestic cargo and mail throughput reached 298,500 tons, with a year-on-year growth of 6.85% [1] - The total passenger throughput for Shenzhen Airport was 21.87 million, marking a 10.03% increase year-on-year, including international passenger throughput of 1.89 million, which grew by 37.74% [2] Group 2: Future Development and Capacity Planning - Shenzhen Airport has no significant capital expenditure plans currently, focusing on leveraging its developed route network and operational resources [2] - Future plans include establishing a structure of "three runways, three terminal areas, three cargo areas, and one satellite hall" to enhance its role as a comprehensive international transportation hub [2] Group 3: Commercial Revenue and Business Operations - The rapid growth in passenger throughput has led to steady improvements in commercial operations, with the introduction of 15 international luxury brands and 9 new projects [2] - Shenzhen Airport aims to enhance non-aeronautical revenue by optimizing advertising placements and adjusting duty-free shop locations [2] Group 4: Regional Competition and Cooperation - Shenzhen Airport is strategically located in the core of the Guangdong-Hong Kong-Macao Greater Bay Area, serving as a hub for domestic and international connections [3] - The airport will leverage its market advantages to develop a route network that aligns with local city functions, catering to the travel needs of passengers in Shenzhen and surrounding areas [4]

证券代码：000089 证券简称：深圳机场 深圳市机场股份有限公司投资者关系活动记录表 编号：2025003 | 投资者关系活动类 | 特定对象调研□分析师会议 | | --- | --- | | 别 | □媒体采访□业绩说明会 | | | □新闻发布会□路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及人 | 天风证券李宁 | | 员姓名 | | | 时间 | 2025 年 5 月 21 日 | | 地点 | T3 商务办公楼 A 座 601 会议室 | | 上市公司接待人员 | 林俊、郝宇明、吴晨阳 | | 姓名 | 1、2024 年经营业绩情况？2025 年业绩展望？ | | | 回答：2024 年，深圳机场完成航班起降 42.8 万架次，旅客吞 | | | 吐量 6,147.7 万人次，全国排名均为第四，分别同比增长 8.9%、 | | | 16.6%；货邮吞吐量 188.1 万吨，同比增长 17.6%，排名全国第三； | | | 其中国际及地区货邮量96.5万吨，同比增长25.3%；国内货邮量91.7 | | 投资者关系活动主 | 万吨，同比增长 ...

Investment Rating - The airport industry is rated with a stable outlook, indicating a positive long-term growth potential supported by government policies and infrastructure investments [34]. Core Insights - The airport industry is a crucial part of China's transportation infrastructure, with 263 civil transport airports as of the end of 2024, reflecting a net increase of 4 airports from the previous year [4][10]. - The revenue structure of airport operations is divided into aviation-related income, which is quasi-public, and non-aviation income, which is market-driven, allowing for improved profitability [5][6]. - The industry is experiencing a robust recovery in operational metrics, with passenger throughput exceeding pre-pandemic levels, although international passenger traffic has not fully recovered [10][14]. Industry Overview - The airport industry is characterized by strategic importance and public service, with strict management by the Civil Aviation Administration of China [4]. - The revenue from aviation-related services includes essential operations such as takeoff and landing fees, while non-aviation services encompass various commercial activities [5]. - The industry is undergoing a transformation with the gradual marketization of non-aviation service fees, enhancing the revenue structure and competitive edge of airport operators [6]. Policy Environment - Recent policies, such as the "Guidance on Promoting International Aviation Hub Construction," aim to enhance the functionality of international aviation hubs and improve operational efficiency [7][9]. - The "14th Five-Year Plan" outlines a target to increase the number of civil transport airports from 241 to at least 270 by 2025, indicating significant growth potential [8][27]. - The government continues to support the industry through subsidies and funding for infrastructure projects, which is crucial for the sector's recovery and expansion [8][30]. Operational Performance - In 2024, the airport industry saw a significant recovery, with passenger throughput increasing by 15.9% year-on-year, surpassing 2019 levels [10][14]. - The total revenue for airport enterprises reached 1136.7 billion yuan, marking an 8.5% increase from the previous year, while the total profit showed a substantial reduction in losses [26]. - The operational metrics indicate a strong recovery trajectory, with domestic passenger traffic growing by 12.2% compared to 2019, while international traffic is still recovering [16][18]. Supply and Demand Dynamics - The airport industry has substantial growth potential, driven by ongoing fixed asset investments and improvements in flight capacity [27][28]. - The demand for air travel is expected to continue rising, supported by economic recovery and increased consumer spending [30]. - The competitive landscape is characterized by regional monopolies, with airports facing limited competition due to geographical and regulatory constraints [32][33]. Future Development - The airport industry is positioned for rapid growth, with ongoing investments in infrastructure and a clear policy framework supporting its expansion [34]. - The recovery of domestic and international travel demand is anticipated to sustain the industry's growth momentum in the coming years [34].