Core Viewpoint - Baiyun Airport's stock has experienced fluctuations, with a recent decline of 2.09% and a total market value of 23.29 billion yuan, despite a year-to-date increase of 4.20% [1][2]. Financial Performance - For the period from January to September 2025, Baiyun Airport achieved a revenue of 5.697 billion yuan, representing a year-on-year growth of 7.48%, and a net profit attributable to shareholders of 1.096 billion yuan, which is a significant increase of 64.06% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Baiyun Airport was 81,900, showing a slight increase of 0.08% from the previous period. The average circulating shares per person decreased by 0.08% to 28,881 shares [2]. Dividend Distribution - Since its A-share listing, Baiyun Airport has distributed a total of 5.88 billion yuan in dividends, with 548 million yuan distributed over the past three years [3]. Major Shareholders - The top circulating shareholders include Hong Kong Central Clearing Limited, holding 27.47 million shares (a decrease of 5.58 million shares), and Southern CSI 500 ETF, holding 17.18 million shares (a decrease of 364,000 shares). New shareholder, Fortune CSI Tourism Theme ETF, holds 9.66 million shares [3].

Core Viewpoint - Baiyun Airport's stock price has shown fluctuations, with a recent decline of 2.06%, while the company has experienced a year-to-date increase of 5.47% in stock price [1] Financial Performance - For the period of January to September 2025, Baiyun Airport achieved a revenue of 5.697 billion yuan, representing a year-on-year growth of 7.48% - The net profit attributable to shareholders reached 1.096 billion yuan, marking a significant increase of 64.06% compared to the previous year [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Baiyun Airport was 81,900, reflecting a slight increase of 0.08% from the previous period - The average circulating shares per person decreased by 0.08% to 28,881 shares [2] Dividend Distribution - Since its A-share listing, Baiyun Airport has distributed a total of 5.88 billion yuan in dividends, with 548 million yuan distributed over the past three years [3] Major Shareholders - As of September 30, 2025, the largest circulating shareholder was Hong Kong Central Clearing Limited, holding 27.4745 million shares, a decrease of 5.5804 million shares from the previous period - Other notable shareholders include Southern CSI 500 ETF and ICBC Dividend Preferred Mixed A, with varying changes in their holdings [3]

Group 1 - Baiyun Airport's stock price decreased by 0.52% on September 10, with a trading volume of 98.77 million yuan [1] - The financing data on September 10 shows a financing buy amount of 12.56 million yuan and a financing repayment of 13.39 million yuan, resulting in a net financing buy of -0.83 million yuan [1] - As of September 10, the total balance of margin trading for Baiyun Airport is 400 million yuan, with a financing balance of 399 million yuan, accounting for 1.75% of the circulating market value, which is below the 40th percentile level over the past year [1] Group 2 - As of June 30, Baiyun Airport had 81,900 shareholders, a decrease of 8.39% from the previous period, while the average circulating shares per person increased by 9.15% to 28,905 shares [2] - For the first half of 2025, Baiyun Airport achieved an operating income of 3.726 billion yuan, a year-on-year increase of 7.68%, and a net profit attributable to shareholders of 750 million yuan, a year-on-year increase of 71.32% [2] Group 3 - Baiyun Airport has cumulatively distributed 5.88 billion yuan in dividends since its A-share listing, with 548 million yuan distributed in the past three years [3] - As of June 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 33.05 million shares, an increase of 14.27 million shares from the previous period [3] - Other notable shareholders include Southern CSI 500 ETF, holding 17.55 million shares, and E Fund Yuxiang Return Bond A, holding 15.23 million shares, both of which have increased their holdings compared to the previous period [3]

Core Insights - Beijing Capital International Airport Company reported a total revenue of 2.755 billion RMB for the first half of 2025, representing a year-on-year increase of 2.63% [1] - The company recorded a net loss of 164 million RMB, which is a 56.48% improvement compared to the previous year [1] - The company experienced stable growth in air traffic volume due to strong passenger travel demand [1] Financial Performance - The total number of aircraft takeoffs and landings reached 217,305, an increase of approximately 2.8% year-on-year [1] - Passenger throughput totaled 34,168,396, reflecting a year-on-year growth of about 4.5% [1] - Cargo and mail throughput amounted to 746,268 tons, marking a year-on-year increase of approximately 5.9% [1] Revenue Breakdown - Aviation-related business revenue totaled 1.344 billion RMB, showing a year-on-year increase of about 4.6% [1] - Aircraft takeoff and related revenue was 689.412 million RMB, up approximately 1.9% year-on-year, influenced by minor fluctuations in domestic market demand [2] - Passenger service revenue reached 655.098 million RMB, a year-on-year increase of about 7.5%, driven by growth in international passenger traffic [2]