公司业务量恢复明显。今年上半年，白云机场飞机起降架次、旅客吞吐量和货邮吞吐量分别为24.84万架次、3665.28万人次和114.05万吨，分别同比增长15.17%、26.67%、25.53%。The number of takeoffs and landings, passengers, and cargo throughput at Guangzhou Baiyun International Airport increased year-on-year in the first half of the year. The company achieved double-digit growth in revenue and net profit in the first half of the year, with a net profit of 0.438 billion yuan, surpassing the same period in 2019.
Benefiting from the gradual recovery of production and operation activities, Guangzhou Baiyun International Airport (600004.SH) has achieved year-on-year growth in the number of aircraft takeoffs and landings, passenger throughput, and cargo throughput, the three main aviation indicators. The company achieved double-digit growth in revenue and net profit in the first half of the year, with a net profit of 0.438 billion yuan, surpassing the same period in 2019.
According to the latest interim performance report disclosed by Guangzhou Baiyun International Airport, the company has added, restored, or increased frequency on nearly 40 international passenger routes operated by airlines in the first half of the year. Three new foreign airlines have been introduced, and new passenger routes have been opened to London Gatwick, Budapest, and other destinations, including the first passenger route from Baiyun International Airport to South America.
The company's business volume has recovered significantly. In the first half of this year, the number of aircraft takeoffs and landings, passenger throughput, and cargo throughput at Guangzhou Baiyun International Airport were 0.2484 million takeoffs and landings, 36.6528 million passengers, and 114.05 million tons, respectively, representing year-on-year growth of 15.17%, 26.67%, and 25.53%.
In terms of performance, Guangzhou Baiyun International Airport achieved revenue of 3.46 billion yuan in the first half of the year, a year-on-year growth of 19.72%; net profit was 0.438 billion yuan, a year-on-year growth of 177.04%, compared to 0.428 billion yuan in the same period of 2019.
In terms of revenue composition, aviation-related revenue and non-aviation-related revenue were 1.44 billion yuan and 2.02 billion yuan, respectively, representing year-on-year growth of 26.62% and 15.24%. The year-on-year changes in aviation-related revenue, passenger-related revenue, leasing franchise comprehensive revenue, and aviation ground and catering revenue were 18.15%, 32.74%, 7.25%, and 35.76%, respectively.
There is strong demand for summer travel, and Guangzhou Baiyun International Airport has also benefited from it. According to data provided by Feichangzhun to Caixin reporters, Guangzhou Baiyun International Airport ranked second in the country in terms of passenger flight volume since the summer transportation season (July 1st to August 29th). The actual number of domestic passenger flights reached 0.068 million flights, an increase of 3% compared to 2023 and an increase of 13% compared to 2019. The actual number of international and regional passenger flights was 0.014 million flights, an increase of 49% compared to 2023, which has recovered to over 80% of the same period in 2019. The domestic passenger volume and international and regional passenger volume reached 10.74 million and 2.63 million, respectively.
Looking ahead, the competition risk in the industry cannot be ignored. Guangzhou Baiyun International Airport also mentioned in its semi-annual report that the domestic aviation market is facing severe competition, with the expansion and renovation of Hong Kong Airport and Shenzhen Airport, as well as the opening of the Shenzhen-Zhongshan Corridor, posing risks of passenger diversion. The "Eight Verticals and Eight Horizontals" high-speed rail network will be fully completed and put into operation, bringing competition pressure to the domestic aviation market with the advantages of ticket prices and service improvements.
