This year marks the 10th anniversary of the Beijing-Tianjin-Hebei collaborative development upgrade to a national strategy. With the official opening of Daxing International Airport in 2019, the Beijing-Tianjin-Hebei Airport Cluster was promoted to form a “dual-core, two-wing, multi-point linkage” pattern with Beijing's capital and Daxing as the core, Tianjin and Shijiazhuang airports as the two wings, and other regional airports collaboratively developed. At the same time, with the improvement of regional transportation facilities and the construction of the Rinkong Economic Zone, the Beijing-Tianjin-Hebei region is more closely linked. It has become a new engine driving regional economic and social development, and also plays a role as a hub node in the joint construction of the “Belt and Road”.

Today, China's core infrastructure asset service provider Shoucheng Holdings (0697.HK) announced that it has successfully signed an “Operation Rights Transfer Agreement” with Tianjin Binhai International Airport Co., Ltd., and successfully signed a four-year parking business management rights transfer project at Tianjin Binhai International Airport located in the Beijing-Tianjin-Hebei urban area. It is expected to contribute to the collaborative economic development of Beijing-Tianjin-Hebei Province to a certain extent, thereby adding fresh strength to the Beijing-Tianjin-Hebei world-class airport cluster and regional economic development process.

According to the “Management Rights Transfer Agreement” signed by the two parties, Shoucheng Holdings obtained the right to operate/manage a total of 0.325 million square meters of social parking lots, ground employee parking lots, and taxi depots at Tianjin Binhai International Airport for a total of about 2,842 parking spaces for a total of 4 years, and the agreement can be renewed once. This is another major breakthrough in the Beijing-Tianjin-Hebei airport parking business after acquiring Beijing Capital International Airport, Daxing International Airport, and Hebei Zhangjiakou Airport. On the one hand, it shows that Shoucheng Holdings' brand advantage and operational service capabilities in airport parking asset management have once again been recognized by the market; on the other hand, winning the bid complements the company's important role in the parking market in the Beijing-Tianjin-Hebei Economic Zone, and will further consolidate the company's leading position in parking management in the Beijing-Tianjin-Hebei economic circle, and establish brand influence for the future further layout of the parking lot market in the Beijing-Tianjin-Hebei region, which will help it to accelerate its acquisition of the parking lot market in the Beijing-Tianjin-Hebei region. More great parking resources.

The company won the bid for the Tianjin Airport project this time, which is of great significance. First, the vigorous economic activity in Tianjin and the huge traffic at the airport brought about by frequent business travel activities will bring real benefits to the company and enhance the performance of the company's overall parking business. Tianjin Binhai International Airport has a prominent strategic position. It is a regional hub airport, China's international aviation logistics center, a national first-class air port open to the outside world, and one of China's major air cargo centers. However, as the first free trade zone in northern China, the Tianjin Pilot Free Trade Zone in its city, has played an important role in serving the domestic and international dual cycle. Its foreign economic activity is booming, driving the city's airport traffic to continue to rise. From 2024, the passenger throughput of Tianjin Binhai International Airport increased significantly. From January to July, Tianjin Airport operated 174 passenger and cargo routes and 121 navigation cities. The total passenger throughput was 11.779 million passengers, an increase of 11.9% over the previous year; the total cargo and mail throughput was 0.076 million tons, an increase of 2.4% year on year. During the summer travel season, Tianjin Binhai Airport is expected to transport more than 3.77 million passengers. In 2023, the total passenger throughput reached 18.473 million passengers, an increase of 216.2% over the previous year.

Second, Shoucheng Holdings will take advantage of the airport project to lay the foundation for continued entry into other parking lot projects in the region. In the future, Shoucheng Holdings can rely on the Beijing Capital International Airport project, Beijing Daxing International Airport project, and the Zhangjiakou Ningyuan Airport project to co-operate with Tianjin Binhai International Airport and efficiently empower them. With rich management experience in the parking field, Shoucheng Holdings can continue to consolidate its leading position in the parking business in the Beijing-Tianjin-Hebei region and radiate brand influence throughout the country.

Furthermore, the company will use this as an opportunity to deepen the cooperative relationship with Tianjin and contribute to the collaborative development of Beijing-Tianjin-Hebei Province. By improving the Beijing-Tianjin-Hebei integrated travel support service, the company will promote a significant improvement in the level of collaborative development of the Beijing-Tianjin-Hebei world-class airport cluster, focus on promoting the overall service and operation management capabilities to reach the international advanced level, and move towards a high-quality development path, thereby promoting the collaborative development of Beijing-Tianjin-Hebei Province and strengthening the role of the Beijing-Tianjin-Hebei airport cluster in the joint construction of the “Belt and Road” international hub node.

The Beijing-Tianjin-Hebei economic circle with the in-depth layout of Shoucheng Holdings has huge potential for market growth. In 2023, the Beijing-Tianjin-Hebei Airport Cluster opened more than 200 domestic and foreign routes, with more than 300 destinations, completed passenger throughput of 0.123 billion passengers, an increase of 244.5% over the previous year, and completed cargo and mail throughput of 1.55 million tons, an increase of 19.9% over the previous year. Compared with the other three major domestic airport clusters, the Beijing-Tianjin-Hebei Airport Group had the highest increase in passenger and cargo volume. Among them, Beijing completed the “two games” with a passenger throughput of 92.28 million passengers, ranking first in the country.

Shoucheng Holdings has been deeply involved in the parking market in China for many years. Currently, it has formed a nationwide parking business layout running through east, west, north, and south, and has rich experience in managing complex airport parking formats. As a leading enterprise in the domestic parking and travel field, the company empowers operational efficiency, relies on a self-developed intelligent parking management platform to comprehensively intelligently control parking lots, and continues to iteratively upgrade the parking management system, thus continuously improving the company's performance for the first half of 2024. The recently announced results for the first half of 2024 It shows a sharp increase in the company's revenue and gross profit, of which gross profit increased by about 135% year over year. In the future, Shoucheng Holdings will continue to refine the operating capabilities of transportation hub projects, expand its leading edge in this field, continuously acquire more infrastructure core assets, give back to the market with more high-quality products and services, and further consolidate the company's leading position in the field of infrastructure asset management.