黄金内湾天穹之下，一场深刻变革正在上演。 9月，香港国际机场动作频频。其三跑道系统全面运作。二号客运大楼扩建部分，正分阶段启用。其 中，离境大堂计划明年3、4月启用。枢纽潜能正被进一步释放；10月，广州白云国际机场T3航站楼与 第五跑道正式投运，使其成为中国民航首个拥有五条商用跑道的机场；11月，深圳宝安机场第三条跑道 正式启用，迎来"三跑道时代"；近日，广东省公共资源交易平台连发多则招标公告。公告显示，广州新 机场航站楼桩基础及土石方工程，暂定于12月30日开工…… 从T1到T3，变化的不仅是航站楼的规模，更是广州城市发展的维度与格局。 大湾区核心航空枢纽的建设浪潮，节奏密集。一个世界级机场群的轮廓，愈发清晰。这场变革不仅是基 础设施的竞赛，更是响应《粤港澳大湾区发展规划纲要》的系统工程，将有力支撑大湾区参与全球顶级 城市群竞争，重塑区域竞争格局。作为一个多层次、多功能的机场体系，大湾区机场群影响力已远超交 通范畴，正深刻作用于区域经济脉络，塑造大湾区开放格局。 硬核升级：枢纽再造，功能跃升 大湾区机场群的硬件能级，正经历集体跃升。其强度前所未有。 香港国际机场是成熟的世界级枢纽。其第三跑道投入运作。但它的 ...

Core Viewpoint - The A-share market experienced a collective adjustment in key indices, while the Hainan Free Trade Port concept saw significant gains, particularly benefiting the tourism sector as the closure date approaches [1] Group 1: Market Performance - On December 3rd, major A-share indices such as the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all faced adjustments [1] - The tourism ETF turned positive during trading, driven by the Hainan Free Trade Port concept [1] Group 2: Sector Analysis - The China Securities Tourism Theme Index, tracked by the tourism ETF, has approximately 26.87% exposure to the Hainan Free Trade Port concept and 29.76% to the duty-free shop concept, indicating potential benefits from the upcoming Hainan closure and duty-free policies [1] - The upcoming New Year holiday and the "longest" Spring Festival are expected to boost residents' travel intentions, positively impacting sectors such as airlines, airports, scenic spots, hotels, and duty-free shopping [1]

Group 1 - Shenzhen Airport has officially entered the "three-runway era," enhancing its role as a composite international aviation hub and injecting new vitality into the construction of a world-class airport cluster in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The passenger throughput at Shenzhen Airport is expected to exceed 60 million in 2024 and reach 65 million in 2025, with cargo throughput projected to surpass 2 million tons for the first time [1] - The airport is accelerating the construction of a "3+3+3+1" infrastructure layout, which includes three terminals, three cargo areas, three runways, and one satellite hall, aiming to meet an annual passenger throughput demand of 80 million and cargo throughput of 4.5 million tons [1] Group 2 - The Greater Bay Area is becoming one of the regions with the highest airport runway density globally, with seven airports and 15 runways across 56,000 square kilometers [2] - The development plan for the Greater Bay Area emphasizes the construction of a world-class airport cluster, with significant expansions at Shenzhen, Guangzhou, and Hong Kong airports expected to optimize industrial layout and activate regional resources [4] - The establishment of a collaborative mechanism among the five major airports in the Pearl River Delta aims to address competition and enhance cooperation, with each airport focusing on different market segments [4][5]

深圳民航年旅客吞吐量将提升至8000万人次，较现有容量增长约78% 深圳商报记者 陈发清 通讯员 刘韶滨 林科禄 邝颖瑄 11月29日，深圳机场（000089）三跑道正式投运。当天上午10时08分，深圳航空ZH9103航班从三跑道 顺利起飞，10时13分，南方航空（600029）CZ3590航班在三跑道平稳降落，分别成为深圳机场三跑道 投运后首个起飞和首个降落的航班。随着三跑道正式投入运行，深圳机场全面迈入"三跑道时代"，迎来 了枢纽能级、保障能力、运行效率、发展空间的多重跃升，不仅为区位门户复合型国际航空枢纽建设提 供了有力支撑，更为粤港澳大湾区世界级机场群建设注入了新活力。 投运后机场形成三跑道联动格局 深圳机场一跑道在1991年伴随机场通航投入使用，二跑道于2011年建成投用。在三跑道投用前，深圳机 场是国内最繁忙的双跑道运行机场之一，年航班保障量最高达到42.8万架次，单日航班保障量最高超过 1300架次。 深圳机场三跑道的投运将彻底打破机场运力瓶颈，奠定深圳机场营收增长的基础。深圳机场三跑道是国 家"十四五"重大项目和广东省重点工程，处在二跑道与广深沿江高速之间，跑道长3600米、宽45米，可 满足 ...

深圳机场三跑道处在二跑道与广深沿江高速之间。 11月29日，深圳机场三跑道正式投运。当天上午10时08分，深圳航空ZH9103航班从三跑道顺利起飞； 10时13分，南方航空CZ3590航班在三跑道平稳降落，成为深圳机场三跑道投运后首个起飞和首个降落 的航班。 在粤港澳大湾区经济社会活力的带动下，深圳机场近年来航空主业快速发展。2024年，机场年客流量首 次突破6000万人次大关。2025年，机场年旅客吞吐量预计将突破6500万人次，年货邮吞吐量预计将首次 跨越200万吨大关。在业务量持续攀升的背景下，三跑道的启用成为深圳机场进一步提升枢纽能级的关 键基础设施。 据介绍，正式投入运行的三跑道将与深圳机场既有的两条跑道协同运作，跑道运行模式将进一步优化， 可根据不同时段航班量，实现南北双方向共计8种运行模式，有效分流起降航班，缓解运行压力，为开 辟更多客货运航线、加密航班班次和提升航空容量创造更有利条件，为提升机场运行效率、航班正点率 和旅客出行体验开辟更广阔空间。 除了三跑道之外，深圳机场T2航站区、北货运区及综合配套工程已于今年8月开工。深圳机场正加速构 建三个航站区、三个货运区、三条跑道及一个卫星厅的"3+ ...

Core Insights - Shenzhen Airport has officially entered the "three-runway era," enhancing its role as a composite international aviation hub and injecting new vitality into the construction of a world-class airport cluster in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The airport's passenger throughput is expected to exceed 60 million in 2024 and reach 65 million in 2025, with cargo throughput surpassing 2 million tons for the first time [1] - The Greater Bay Area is experiencing an unprecedented expansion of its airport infrastructure, with multiple airports undergoing significant upgrades and expansions [2][4] Infrastructure Development - Shenzhen Airport is constructing a "3+3+3+1" infrastructure layout, which includes three terminals, three cargo areas, three runways, and one satellite hall, aiming to accommodate an annual passenger throughput of 80 million and cargo throughput of 4.5 million tons [1] - Other airports in the Greater Bay Area, such as Guangzhou Baiyun International Airport and Hong Kong International Airport, are also expanding their facilities to enhance operational capacity [2][4] Competitive Landscape - The Greater Bay Area is becoming one of the regions with the highest airport runway density globally, with seven airports and 15 runways [2] - The airports in the region are focusing on different market segments: Guangzhou Airport on a broad route network, Hong Kong Airport on high-end international passenger and cargo transport, and Shenzhen Airport on cross-border business and e-commerce logistics [4] Economic Impact - The development of the airport cluster is expected to optimize industrial layout and activate regional resources, providing essential infrastructure and service capabilities for the Greater Bay Area's international competitiveness [4] - The region's population of nearly 100 million and an economic output of approximately 15 trillion yuan can support multiple international aviation hubs, fostering healthy competition that reduces travel and logistics costs [4]

（文章来源：证券日报） 证券日报网讯 12月2日，白云机场在互动平台回答投资者提问时表示，关于T3的使用方式问题，公司正 与控股股东机场集团在符合机场行业监管要求的前提下进行协商论证。公司将依照上市规则、公司章程 等规定履行内部审议程序，并积极维护股东权益。 ...

民用机场占地面积大、能源需求大，是建设分布式光伏电站的最佳场所之一，然而推动光伏绿电在机场 应用，眩光是必须破解的难题。为此，浦东国际机场在项目选型阶段就对光伏组件提出了严格的要求 ——不仅要具备高效发电能力，还要兼顾安全性、可靠性和防眩光性能。最终，通过采用全黑边边框、 应用了特殊防眩光涂层的定制组件，实现了有效散射光线并最大限度消除金属反光。同时，考虑日常天 气条件，光伏设备采用了双螺母锁死设计和背面抱箍装置，更好应对沿海多发强风等极端天气。机场还 通过仿真模型分析，优化光伏板敷设角度等举措，从设计源头上更好满足机场净空环境管控要求。 近年来，浦东国际机场根据上海机场《绿色机场建设规划(2020—2035)》要求，大力推进绿色机场建 设。自2023年以来，1.59兆瓦P4长时停车库屋顶光伏项目、13.61兆瓦一、三跑道北侧一期项目，10.8兆 瓦浦东国际机场四期扩建工程屋顶光伏项目先后并网发电。未来，还将继续向百兆瓦级分布式光伏规模 迈进，助力上海机场绿色低碳发展迈向更高水平。(完) 建设规模 中新网上海12月2日电 (记者 殷立勤)近日，建设规模23.92兆瓦的浦东国际机场一、三跑道北侧二期分布 式光伏 ...

Core Insights - The aviation and airport sector experienced a decline of 0.34% on December 2, with Huaxia Airlines leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Xiamen Airport (600897) closed at 16.34, up 1.18% with a trading volume of 72,500 shares and a turnover of 119 million yuan [1] - Baiyun Airport (600004) closed at 9.75, up 0.93% with a trading volume of 176,000 shares and a turnover of 171 million yuan [1] - Shenzhen Airport (000089) closed at 6.99, up 0.72% with a trading volume of 108,500 shares and a turnover of 7.56 million yuan [1] - China Eastern Airlines (600115) remained unchanged at 5.12 with a trading volume of 674,100 shares and a turnover of 345 million yuan [1] - Huaxia Airlines (002928) closed at 9.93, down 2.36% with a trading volume of 206,800 shares and a turnover of 207 million yuan [2] Capital Flow - The aviation and airport sector saw a net outflow of 82.29 million yuan from institutional investors and 44.87 million yuan from retail investors, while individual investors had a net inflow of 127 million yuan [2] - Notable capital flows included: - Southern Airlines (600029) had a net inflow of 15.42 million yuan from institutional investors [3] - Spring Airlines (601021) saw a net inflow of 9.77 million yuan from institutional investors [3] - China Eastern Airlines (600115) experienced a net outflow of 5.52 million yuan from institutional investors [3]

Core Viewpoint - Shanghai Airport announced that the first extraordinary shareholders' meeting in 2025 will be held on December 10 to review two proposals related to asset transfers and land compensation agreements [1] Group 1: Asset Transfer - The first proposal involves transferring the related rapid transit assets of the Pudong Airport Phase III expansion to the airport group, with a book net value of 157 million yuan and a transfer amount (excluding tax) of 161 million yuan, totaling 176 million yuan including tax, which will have a positive impact on current financials [1] Group 2: Land Compensation Agreement - The second proposal includes signing an agreement with the airport group and the Pudong Land Acquisition Office for the recovery of state-owned land use rights and facility compensation, where 146,400 square meters of state-owned land will be reclaimed, with a compensation amount of 496 million yuan, which will positively affect future financials [1] - Both related transactions do not constitute a major asset reorganization [1]