Core Insights - During the summer travel period of 2025, Guangzhou Baiyun International Airport served a total of 14.46 million passengers, with an average of 233,200 passengers per day, marking a year-on-year increase of 5.30% [1] - The airport handled 96,600 flights during this period, averaging 1,558 flights per day, which represents a year-on-year growth of 6.93% [1] Passenger Flow Highlights - The airport experienced 34 days with daily passenger flow exceeding 230,000, 20 days exceeding 240,000, and 6 days exceeding 250,000, with a peak of 274,900 passengers on July 19, showcasing strong demand for air travel in Guangzhou [3] Service Innovations - Starting July 8, the airport launched a "Fast Track" service for passengers traveling without luggage on the route to Beijing Daxing Airport, allowing them to arrive at the boarding gate just 15 minutes before departure [4] - From July 28, Hainan Airlines upgraded check-in services for its Guangzhou-Beijing route, reducing the check-in cut-off time from 40 minutes to 30 minutes [4] Increased Flight Capacity - The airport coordinated with airlines to increase flight frequencies on popular summer tourist routes to destinations such as Urumqi, Altay, Hailar, Xining, Yinchuan, Lijiang, and Shangri-La, catering to the needs of travelers visiting family and for leisure [4] Marketing Initiatives - The airport launched various marketing campaigns in collaboration with online travel agencies (OTAs) to stimulate travel interest, including activities targeting families, students, and group travelers [4] - A "Aviation + Cultural Tourism" plan was introduced for inbound travelers from Malaysia, enhancing the airport's service chain with unique cultural tourism resources [4] Cultural and Recreational Activities - The airport hosted a "Summer You Wonderful" event series, including a food festival with discounts at 77 dining outlets and a beauty festival featuring various brands [7][8] - Cultural performances such as parades and traditional music were organized to enhance the travel experience, creating a pleasant atmosphere for passengers [8]

Core Viewpoint - The report presents the operational data for Guangzhou Baiyun International Airport for August 2025, emphasizing the importance of the data as a preliminary report that may differ from actual figures [1]. Group 1 - The data provided is preliminary and may not reflect the final operational statistics [1]. - There may be discrepancies in the sum of individual items due to other forms of flights not being included in the totals [1]. - The transportation production data is sourced from internal statistics of the company and is intended for investor reference [1].

Core Insights - The Greater Bay Area is experiencing a significant expansion in airport infrastructure, driven by increasing passenger and cargo traffic growth in the first half of the year [1][6] - Major projects include the construction of the T2 terminal at Shenzhen Airport and the expansion of Guangzhou Baiyun International Airport to become the first airport in the country with five runways [3][6] Infrastructure Development - The T2 terminal project at Shenzhen Airport is a complex undertaking, with a total length of 420 meters and construction challenges due to its proximity to the metro system [3][4] - Advanced technologies such as GPS positioning and modular construction methods are being utilized to ensure safety and quality during the construction process [4] Cargo and Passenger Growth - The cargo throughput for Hong Kong, Guangzhou, and Shenzhen airports is projected to reach 9.2 million tons by 2024, accounting for 7.2% of global cargo volume [7] - Shenzhen Airport's international and regional cargo volume increased by 16.3% year-on-year, reaching nearly 500,000 tons in the first half of 2025 [11] International Demand - The demand for international passenger travel is also on the rise, with over 4.5 million people traveling through Shenzhen Bao'an International Airport since 2025, marking a 24.4% increase year-on-year [13]

一、上述数据本月数为快报数据，与实际数据可能存在差异。 二、因存在其他形式的飞行，部分项目分项数字之和与总计数存在 差异。 三、上述运输生产数据源自公司内部统计，仅供投资者参考。 广州白云国际机场股份有限公司董事会 2025 年 9 月 13 日 证券代码：600004 证券简称：白云机场 公告编号：2025-043 广州白云国际机场股份有限公司 2025 年 8 月生产经营数据快报 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。 重要说明： 项目 月度 累计 本月数 同比增长 累计数 同比增长 一、起降架次（架次） 48,164.00 5.96% 362,386.00 7.00% 其中：国内航线 37,769.00 5.20% 283,562.00 5.15% 地区航线 393.00 -5.30% 3,005.00 -2.69% 国际航线 10,002.00 9.47% 75,819.00 15.00% 二、旅客吞吐量（人次） 7,338,365.00 4.33% 54,497,274.00 8.16% 其中：国内航线 5, ...

Core Points - Beijing Daxing International Airport has seen over 4 million inbound and outbound passengers this year, marking a 26.1% increase compared to the same period last year [1] - Among the total passengers, foreign travelers account for 27.5% [1] - Starting from September 15, China will implement visa-free policies for ordinary passport holders from Russia, which is expected to further increase passenger traffic at Daxing Airport [1] Summary by Categories Passenger Traffic - The total number of inbound and outbound passengers at Beijing Daxing International Airport has surpassed 4 million this year, reflecting a growth of 26.1% year-on-year [1] - Foreign travelers represent 27.5% of the total passenger volume [1] Visa Policies - Since June, China has expanded its visa-free transit policy to 55 countries, contributing to the surge in tourism [1] - The upcoming visa-free policy for Russian passport holders is anticipated to enhance the airport's attractiveness and increase passenger numbers [1] Operational Improvements - Daxing Airport's border inspection station is enhancing the efficiency of the customs process through various measures, including optimized duty organization and improved passenger flow forecasting [1] - Collaboration with various port units and airlines is being deepened to provide high-quality management services for international exchanges [1]

Group 1 - The core viewpoint of the article highlights the operational performance of Baiyun Airport in August, showing positive growth in key metrics [1] Group 2 - In August, the number of takeoffs and landings reached 48,164, representing a year-on-year increase of 5.96% [1] - The passenger throughput was 7.3384 million, reflecting a year-on-year growth of 4.33% [1] - The cargo and mail throughput amounted to 202,000 tons, which is a year-on-year increase of 1.59% [1]

Core Viewpoint - Baiyun Airport (600004.SH) reported an increase in passenger and cargo throughput for August, indicating a positive trend in operational performance [1] Group 1: Passenger Traffic - In August, the passenger throughput reached 7.3384 million, representing a year-on-year growth of 4.33% [1] Group 2: Cargo Traffic - The cargo and mail throughput for August was 202,000 tons, showing a year-on-year increase of 1.59% [1]

Core Insights - Shanghai's "smart" ports, including Yangshan Port and Pudong Airport, are enhancing efficiency and convenience in customs operations, showcasing China's foreign trade vitality [1][3]. Group 1: Yangshan Port - In August, Yangshan Port achieved a record container throughput of 2.57 million TEUs, marking the highest monthly volume [3]. - The implementation of the H986 container inspection system has reduced the time for physical inspections from 30 minutes to just a few minutes, significantly saving time for businesses [3]. - The "linked unloading" regulatory model promotes integrated supervision and enhances regional cooperation in the Yangtze River Delta, reflecting a commitment to green and efficient operations [3]. Group 2: Pudong Airport - Since June 2025, Pudong Airport has seen international transit cargo volumes reach historical highs for three consecutive months, with 17,000 tons of goods monitored in the first eight months of this year, representing a 153% year-on-year increase [6]. - The Shanghai Customs has facilitated cargo transfer between Pudong and Hongqiao airports, optimizing the efficiency of international cargo transit [4]. - Automated customs verification terminals for tax refunds at Pudong Airport have streamlined the process, allowing travelers to complete refunds in under 10 seconds, with around 500 transactions daily [6].

Core Insights - China's cross-border e-commerce is experiencing rapid growth, becoming a new engine for high-quality foreign trade development [1] - In 2024, the cargo volume for cross-border e-commerce at Pudong Airport reached 477,700 tons, a year-on-year increase of 30%, ranking first among national air ports [1] - The Shanghai Airport Group has implemented a pilot scheme to facilitate the transportation of sensitive goods, ensuring safety while simplifying the logistics process [1] Group 1: Cross-Border E-Commerce Growth - Pudong Airport's cross-border e-commerce cargo volume from January to August 2024 reached 379,800 tons, with a year-on-year growth of 30.1% [1] - In 2024, Shanghai Airport supported 272 flights for sensitive goods transportation, including 31 charter flights, moving a total of 3,003 tons of sensitive goods [2] - Since 2025, the transportation of sensitive goods has further increased, with 32,800 tons shipped, including 339 charter flights [2] Group 2: Customs and Logistics Optimization - Shanghai Customs is continuously optimizing the customs supervision system at air ports to promote clearance facilitation and support the development of the Shanghai aviation hub [3] - From June 2023, Pudong Airport's international transshipment cargo volume has reached historical highs for three consecutive months, with 17,000 tons monitored by customs in the first eight months of the year, a 153% year-on-year increase [3] - The Yangshan Port has achieved an annual throughput of 26 million TEUs, enhancing logistics efficiency through a "linked unloading" supervision model [3][6] Group 3: Integrated Logistics Solutions - The "linked unloading" model allows for integrated supervision of cargo, reducing overall logistics costs and improving operational efficiency [6] - The newly opened Haining Port-Yangshan Port "linked unloading" service reduces comprehensive logistics costs for foreign trade enterprises by approximately 200 yuan per TEU [6]

Core Insights - The "Vibrant China Research Tour" highlighted advancements in smart services at Shanghai Pudong International Airport, including self-service tax refund terminals and intelligent baggage handling robots [1][2] - Shanghai Customs has innovated regulatory support to enhance the fuel supply capabilities for bonded vessels at Yangshan Port, which is the first port in China to offer multiple fuel types [3][4] Group 1: Smart Services at the Airport - The self-service tax refund terminals allow travelers to complete refund procedures quickly and conveniently, enhancing operational efficiency at the airport [1] - Intelligent collaboration robots are utilized for baggage transport, featuring autonomous navigation and multi-functional recognition, which improves the speed and accuracy of logistics operations [2] - From January to August this year, Pudong Airport Customs managed 25 million inbound and outbound travelers, a 20% increase year-on-year, with international transit passengers growing by 26% [2] Group 2: Cross-Border E-commerce Growth - Cross-border e-commerce at Shanghai Pudong International Airport is projected to reach 477,700 tons in 2024, marking a 30% year-on-year increase, making it the leading air port for such activities in China [3] - As of January to August 2025, the airport has already handled 379,800 tons of cross-border e-commerce, reflecting a 30.1% increase [3] Group 3: Fuel Supply Innovations - Yangshan Port has developed capabilities for supplying liquefied natural gas (LNG), green methanol, biofuel oil, and ultra-low sulfur marine fuel oil, aligning with international maritime regulations [3][4] - Shanghai Customs has implemented a collaborative mechanism to streamline the approval process for ultra-low sulfur fuel oil, significantly reducing the time required for fuel oil logistics [4] - The regulatory model employs a "dual warehouse function" approach, cutting the time for fuel oil entry and exit by over 50%, enhancing global competitiveness [4]