Group 1 - Guangzhou Baiyun Airport plans to operate 1,599 flights on August 5, with 796 departures and 803 arrivals [1] - Due to heavy rainfall, Baiyun Airport activated an orange alert for widespread flight delays at 14:29, with 120 departing flights delayed by over one hour [1] - Shenzhen Airport initiated a yellow alert for widespread flight delays at 10:00 AM, with airlines preemptively canceling 50 flights to and from Shenzhen [1]

Core Viewpoint - Shenzhen Airport is experiencing significant flight delays due to heavy rainfall, prompting the issuance of a yellow alert for widespread flight delays [1] Flight Operations Impact - As of 10 AM, 20 outbound flights have been delayed by over one hour [1] - Airlines had proactively canceled 50 passenger flights to and from Shenzhen yesterday, including 23 outbound and 27 inbound flights [1] - Continuous heavy rain is expected throughout the day, which will likely affect flight operations in all directions at Shenzhen Airport [1]

Core Viewpoint - The aviation sector is expected to see a significant increase in demand for civil aviation travel in 2025, driven by the acceleration of international flight schedules and the implementation of the "924" policy package, which is anticipated to boost domestic demand [1][7]. Industry Overview - The transportation sector experienced a decline of 3.22% in the week from July 28 to August 2, ranking 27th among 31 SW primary industries, while the CSI 300 index fell by 1.75% during the same period [2]. - Various sub-sectors within transportation showed the following weekly performance: express delivery (-1.54%), cross-border logistics (-1.68%), ports (-2.40%), warehousing logistics (-2.44%), highways (-2.93%), railways (-3.17%), shipping (-4.20%), airport operations (-4.39%), road freight (-5.23%), and public transport (-6.50%) [2]. Aviation Sector Insights - By June 2025, major listed airlines in China have shown recovery rates in domestic Available Seat Kilometers (ASK) compared to June 2019, with Air China at 150.62%, China Southern at 119.55%, and Spring Airlines at 166.49% [2]. - International and regional ASK recovery rates for the same airlines were 93.36% for Air China, 92.68% for China Southern, and 254.76% for Spring Airlines [2]. Oil and Currency Trends - As of August 1, 2025, Brent crude oil prices were reported at $69.67 per barrel, reflecting a week-on-week increase of 2.97% but a year-on-year decrease of 12.39% [3]. - The exchange rate for the Chinese Yuan against the US Dollar was 7.1496, showing a slight depreciation of 0.11% week-on-week [3]. Airport Performance - Major airports in China showed recovery in domestic passenger throughput by June 2025, with Baiyun Airport at 120.08% and Shanghai Airport at 119.80% compared to 2019 [3]. - International passenger throughput recovery rates were 89.95% for Baiyun Airport and 104.41% for Shenzhen Airport [3]. Shipping and Port Sector - The Shanghai Containerized Freight Index (SCFI) was reported at 1551 points as of August 1, 2025, down 2.63% week-on-week and down 53.47% year-on-year [4]. - The Baltic Dry Index (BDI) was at 2018 points, reflecting a week-on-week decrease of 10.59% but a year-on-year increase of 20.98% [4]. Road and Rail Transport - In June 2025, railway passenger volume reached 373 million, up 3.61% year-on-year, while road passenger volume was 948 million, down 3.72% [5]. - The express delivery sector achieved a revenue of 126.32 billion Yuan in June 2025, marking a year-on-year increase of 9.00% [5]. Investment Recommendations - The aviation sector is poised for a recovery in demand, with airlines likely to benefit from improved pricing dynamics and increased passenger volumes [7]. - The airport sector is expected to see a recovery in international passenger traffic, supported by macroeconomic policies and consumer demand [7]. - The cross-border logistics sector is anticipated to benefit from the growth of cross-border e-commerce, while the express delivery sector remains promising due to the ongoing development of e-commerce [8].

广州白云国际机场股份有限公司 关于子公司收到仲裁裁决书的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 案件所处的仲裁阶段：裁决阶段 ? 上市公司子公司所处的当事人地位：申请人 证券代码：600004 证券简称：白云机场 公告编号：2025－034 （一）被申请人向申请人支付广告发布费 47,779,638.4 元； （二）被申请人向申请人支付赔偿金 25,245,666.7 元； （三）对申请人的其他仲裁请求不予支持； （四）本案受理费 624,312 元、处理费 187,294 元，仲裁费共 本裁决为终局裁决，自作出之日起发生法律效力。 三、对公司本期利润或期后利润等的影响 公司将依据会计准则的要求和实际情况进行相应的会计处理，对 公司本期利润或期后利润影响以会计师年度审计确认后的结果为准。 本次判决对公司生产经营未产生实质性影响。 广州白云国际机场股份有限公司（以下简称"公司"）全资子公 司广州白云国际广告有限公司（以下简称"广告公司"、"申请人"） 近日收到广州仲裁委员会《裁决书》 （（202 ...

Group 1 - Guangzhou Baiyun Airport reported that as of 19:46, 70 outbound passenger flights were delayed by over one hour, prompting the activation of a yellow emergency response for widespread flight delays [1] - The airport is enhancing communication with airlines and coordinating efforts to ensure service support for passengers [1] - Despite the delays, flight operations at Baiyun Airport are reported to be stable and orderly, with ongoing monitoring of weather and flight conditions [1] Group 2 - The Guangdong weather forecast indicates that strong monsoon currents will continue to bring heavy rainfall to the region over the next two days, with a high risk of thunderstorms [3] - Due to recent extreme weather conditions, Baiyun Airport has advised travelers to closely monitor flight updates and check real-time flight information through official channels before heading to the airport [4] - Passengers affected by flight disruptions are encouraged to contact their ticketing platforms or airlines to understand refund and rescheduling policies [4]

Core Insights - Shenzhen Airport has successfully enhanced the logistics for lychee transportation, achieving a record shipment of over 25,000 tons this season, doubling the amount from last year and marking a historical high [1][3][6] Group 1: Domestic Logistics Enhancements - The airport has coordinated with major logistics partners like Postal Service, SF Express, and JD.com to create tailored solutions for lychee transportation, opening dedicated air freight routes to key consumer markets [1][3] - Innovative measures such as priority collection windows, dedicated security checks, and rapid processing counters have significantly reduced the handling time for lychees to under 2 hours, ensuring freshness [3][6] Group 2: International Market Expansion - Shenzhen Airport has implemented measures to facilitate the export of lychees, ensuring quick processing and cold storage to extend shelf life, with over 100 tons shipped to countries including Spain, Canada, and the UK during peak season [6] - The airport plans to continue enhancing logistics efficiency by opening more specialized routes for various agricultural products based on their market cycles [6]

海南自由贸易港将于今年12月18日正式启动封关。根据规划海南将以岛内现有8个对外开放口岸作为"一 线"口岸，对符合条件的进口货物径予放行；同时设置运行海口新海港、海口南港等10个"二线口岸"， 对进入内地的货物创新采取多种便捷通行举措。 随着封关日期的临近，海南各一线、二线口岸建设进展如何？运营准备是否就绪？ 记者近日了解到，海口美兰国际机场国内货运站查验场地、设备与"单一窗口"等信息系统实现互联互 通，保障流程更加规范顺畅。此外，美兰机场通过大数据技术实现货物通关智能化、无纸化，把原来五 张纸质单据合成全程电子单据，货主5分钟就可以完成信息填报，通关时间缩短约30%，流程更加高效 透明。 作为连接国内外的桥梁，海口美兰国际机场口岸既是"一线口岸"又是"二线口岸"。记者了解到，目前， 机场口岸已具备对外开放口岸查验设施和"二线口岸"查验功能。正式封关运作后，企业可线上报关，一 键生成电子运输文件，货物离港信息实时推送至海关监管平台，真正实现信息流、物流、监管流的高效 协同与无缝衔接。 全岛封关运作时，启动运行10个"二线口岸"海关监管货物查验功能；人员、物品、除"零关税"进口交通 工具及游艇外的交通运输工具在 ...

8月3日清晨，随着一架编号为B－129X的校验飞机平稳降落，历时20天的深圳宝安国际机场三跑道飞行校验工作圆满结束，为后续项目竣工验收、试飞、行业验收以及年内投用奠定了基础。 深圳机场三跑道位于二跑道和沿江高速之间，长3600米，宽45米，飞行区按照最高等级4F级建设，能满足各类大型客机起降。下一步，深圳机场将全力加快推进三跑道竣工验收、试飞及行业验 ...

Core Points - The successful completion of the flight calibration for the third runway at Shenzhen Bao'an International Airport marks a significant milestone, laying the groundwork for subsequent project acceptance, test flights, industry acceptance, and planned operational use within the year [1] - Flight calibration is a prerequisite for the official operation of new runways, involving the use of specialized calibration aircraft to test and verify relevant support systems to ensure flight safety [1] Summary by Sections Flight Calibration - The flight calibration for the third runway included 16 calibration subjects, such as the instrument landing system, navigation lighting system, taxiway system, and flight procedures [1] - The calibration was conducted by an experienced flight crew from the Civil Aviation Flight Calibration Center of China, in close cooperation with Shenzhen Airport and other relevant units [1] Runway Specifications - The third runway is located between the second runway and the Jiangjiang Expressway, measuring 3,600 meters in length and 45 meters in width [1] - The runway is constructed to the highest 4F level, capable of accommodating various large passenger aircraft [1] Future Plans - Shenzhen Airport aims to accelerate the completion acceptance, test flights, and industry acceptance of the third runway, with plans for it to be operational within the year [1]

Core Points - The company announced a cash dividend of 0.30 CNY per share for its A shares [1][2] - The dividend distribution plan was approved at the annual general meeting on June 27, 2025 [2] - The total number of shares eligible for the dividend is 2,488,336,989 after excluding shares in the repurchase account [2] Dividend Distribution Details - The cash dividend will be distributed based on the total share capital as of the equity registration date, which is August 7, 2025 [1][2] - The last trading day before the dividend distribution is August 8, 2025, and the dividend payment date is also August 8, 2025 [1][2] - The total cash dividend to be distributed amounts to approximately 746.5 million CNY (746,501,096.70 CNY) [2] Taxation Information - For shareholders holding shares for more than one year, the dividend income is temporarily exempt from individual income tax [3] - For shares held for one month or less, the full dividend income is included in taxable income, resulting in a 20% tax burden [3] - For shares held between one month and one year, only 50% of the dividend income is included in taxable income, leading to a 10% tax burden [3] Payment Process - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch [2][4] - Shareholders who have not completed designated transactions will have their dividends held until the transaction is completed [2][4] - The actual cash dividend after tax for foreign investors will be 0.27 CNY per share due to a 10% withholding tax [4]