问：近期公司经营情况，国内市场近期恢复情况？答：今年以来，深圳机场积极联合航空公司加快航线 拓展，客货运增长势头强劲，呈现进出两旺的良好态势。截至 2025 年 4月底，深圳机场完成国内旅客 吞吐量 1,983.47 万人次，同比增长8.01%；国内货邮吞吐量 29.85 万吨，同比增长 6.85%。 问：公司远期国际化目标和进展？答：截至 2025年 4 月底，深圳机场完成旅客吞吐量 2,187.24万人次， 同比增长 10.03%，其中国际旅客吞吐量 188.57 万人次，同比增长 37.74%，地区旅客吞吐量 15.19万人 次，同比增长 3.60%。后续，深圳机场将根据城市对外交往和产业发展需要，通过助推基地航空公 司"走出去"、积极将外航"引进来"，加快推进区位门户复合型国际航空枢纽建设。 问：目前资本开支以及远期产能规划？答：目前，深圳机场暂无较大的资本开支计划。发达的航线网 络，充足的运行资源储备和完善的配套设施是公司航空主业平稳发展的强大保障。深圳机场始终重视和 把握基础性资源、战略资源的获取、调配和开发，未来将建成"三条跑道、三个航站区、三个货运区、 一个卫星厅"的运行格局，打造成为"海、陆 ...

Core Viewpoint - The lighting of the navigation aid system for the Shenzhen Airport's third runway marks the completion of a significant phase in the construction of this major national project, which is expected to enhance the airport's operational capacity and support the development of the Shenzhen International Aviation Hub and the Guangdong-Hong Kong-Macao Greater Bay Area airport cluster [1][3]. Group 1 - The third runway project is located between the second runway and the Jiang Highway, with a length of 3,600 meters and a width of 45 meters, designed to accommodate large aircraft including the A380 [1][3]. - The project has overcome challenges and accelerated construction, achieving key milestones ahead of schedule, including the completion of the main runway and the lighting system [3][5]. - The navigation aid lighting system consists of over 4,700 lighting fixtures and involves 67 circuits, with more than 400 kilometers of cable laid, ensuring safe operations during night or low visibility conditions [3][5]. Group 2 - The construction utilized optimized techniques, such as deep bucket lighting to save costs and reduce energy consumption, and prefabricated cable wells to enhance efficiency and safety [5]. - Shenzhen Airport is committed to completing the final stages of construction, including flight tests and acceptance checks, to ensure the third runway is operational on schedule [5].

Core Viewpoint - The 2025 International Airport Expo is set to take place in Guangzhou from September 8 to 11, 2025, marking a significant global aviation event following the 2018 World Route Development Forum [2][3]. Group 1: Event Details - The expo will feature the theme "Innovative Hubs, Global Opportunities" and aims to showcase advancements in the aviation industry [2][3]. - The event's logo, flag, and mascot "Yangyang Tong" were unveiled, symbolizing the expo's vision of connectivity and success in the aviation sector [3][4]. Group 2: Collaboration and Partnerships - A cooperation memorandum was signed between the China Civil Airports Association and Guangzhou Baiyun International Airport, along with a service agreement with the Canton Fair to enhance resource integration and service capabilities [4]. - Various exhibitors and sponsors have signed agreements to showcase innovations across different sectors, including air travel, culture, and new economic models [4]. Group 3: Exhibition Format - The expo will adopt a "Three Meetings and Five Exhibitions" format, integrating multiple conferences and exhibitions to highlight China's civil aviation achievements and the vitality of the Guangdong-Hong Kong-Macao Greater Bay Area [5]. - Key themes will include digital twin airport platforms, smart airport solutions, and applications of artificial intelligence in flight scheduling and passenger flow prediction [5]. Group 4: Strategic Importance - Guangzhou Baiyun International Airport serves as a crucial hub connecting the Greater Bay Area to the world and plays a significant role in the "Belt and Road" initiative [6]. - The airport currently operates with approximately 80 airlines, connecting nearly 100 international and regional destinations, forming a "4-hour air traffic circle" with Southeast Asia and a "12-hour air traffic circle" with major global cities [6]. Group 5: Future Projections - With the upcoming operation of Terminal 3, Baiyun Airport is expected to handle 120 million passengers and over 3.8 million tons of cargo by 2030, enhancing its status as a comprehensive international aviation hub [7].

Group 1 - The 2025 International Airport Expo will take place from September 8 to 11, 2025, at the Guangzhou Import and Export Fair Complex, marking another global aviation event in Guangzhou following the 2018 World Route Development Forum [1] - The theme of this year's expo is "Innovative Hubs, Global Opportunities," with the event's logo, flag, and mascot "Yangyang Tong" unveiled during the press conference [1] - A memorandum of cooperation was signed between the China Civil Airport Association and Guangzhou Baiyun International Airport, along with a service agreement with the Canton Fair to enhance resource integration and service capabilities [1] Group 2 - The expo will adopt a "Three Meetings and Five Exhibitions" model, linking the 2025 ACI Airport Experience Global Congress, the 10th China Airport Service Conference, and the Sino-British Economic and Trade Committee Aviation Working Group Annual Meeting [1] - Five thematic exhibitions will be held, including the Airport Service Innovation Product Exhibition, Civil Aviation Professional Equipment Exhibition, Civil Aviation Engineering Technology and New Productivity Exhibition, Aviation, Tourism, and Sports Integration Exhibition, and New Business Formats in Airport Industry Exhibition [1] - The exhibitions will showcase advancements in hard technology and industry integration, including digital twin airport platform construction, smart airport 3D visualization solutions, and applications of artificial intelligence in flight scheduling and passenger flow prediction [2]

Core Insights - Qingdao Airport is expected to handle 1,513 flight takeoffs and landings and accommodate 210,000 passengers during the Dragon Boat Festival holiday from May 31 to June 2, 2025 [1] Flight Operations - The airport has optimized its route network by increasing flight frequencies to domestic cities such as Guangzhou, Changsha, Hohhot, Shenyang, Xishuangbanna, Jingdezhen, and Guilin, and has added a direct flight to Kashgar while resuming the route to Longnan [3] - For international travel, popular destinations during the holiday include South Korea, Japan, Malaysia, and Singapore, with an expected outbound and inbound passenger flow of over 27,000 [3] Passenger Services - Qingdao Airport has implemented measures to enhance passenger experience, including dynamically increasing check-in counters and security channels during peak times, and deploying volunteers for assistance [3] - The airport has optimized its bus services to the West Coast, adding 9 new energy business vehicles and increasing daily trips to 36, extending operational hours from 4:30 AM to 12:30 AM the next day [3] Cultural Activities - The airport has created a festive atmosphere with Dragon Boat Festival-themed decorations and interactive experiences, offering free gifts and activities such as quizzes and crafts for travelers [4] - A "Dragon Boat Culture Corner" has been set up in the international departure area to showcase Chinese traditional culture, with staff in traditional attire providing information and gifts to travelers [5] Marketing Initiatives - Qingdao Airport has partnered with several brands to launch themed marketing activities for the Dragon Boat Festival and Children's Day, featuring discounts and promotional gifts to enhance the travel experience [5]

《中国民航报》、中国民航网 记者许晓泓 通讯员宋灵子、秦玉良 报道：为更好推进"航空+旅游+经 济"的有效融合，满足更多外籍旅客的沟通需求，近日，济南机场在航站楼国内、国际4个问询岗位配备 双面屏显语音翻译设备，进一步优化外籍旅客的出行体验。 从飞机在济南落地的一刻起，到达口设置的多语种服务柜台，AI智能翻译设备可提供实时翻译服务； 入境旅客服务中心处，旅客可根据自身需求，申办短期联通电话卡，还可以在第一时间收到精心制作的 旅游宣传手册、境外服务手册；机场成立的国际业务特需服务小组，为外籍特服旅客提供"一站式"服 务，助力旅客完成入关、行李提取及交通换乘。作为入境"第一站"，机场服务品质的提升，也让越来越 多的外国旅客更加安心顺畅开启China Travel。 接下来，济南机场将持续创新服务举措、优化服务流程，提升服务品质，致力于为广大旅客提供美好的 出行体验，全力打造国际化服务新标杆。（编辑：李季威 校对：张薇 审核：韩磊） 该款语音翻译设备支持中、英、日、韩、法、德、俄、泰、越、阿拉伯、西班牙、葡萄牙等15个世界主 要语种的在线实时翻译。设备屏幕采用透明屏设计，国际旅客仅需站在透明屏前，选择自己熟悉的外语 ...

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]