Xiamen International Airport Co Ltd

China

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Xiamen Airport plans to participate in specialized operations at Xiang'an Airport and dispose of Gaoqi Airport assets

Xiamen Airport announced that the company plans to participate in the operation of Xiang'an Airport through a combined model of specialized operations, asset purchases, and asset leasing, involving passenger ground services, duty-paid commercial management in the terminal, and route maintenance. At the same time, the company plans to hand over the terminal assets of Gaoqi Airport to the government for land reserve, with implementation scheduled to be completed by December 31, 2027. The terminal area and airfield supporting assets are planned to be transferred to its controlling shareholder, Xiangye Group, within 180 days after the new airport is put into use. The company expects to shift from an asset-heavy to an asset-light operating model after the relocation, and has committed to reducing the proportion of related-party transaction revenue to below 50 percent by fiscal year 2028.

Xiamen Interna…

600897.CG · Capital · Neutral Plans to participate in Xiang'an Airport operations via specialized operations, asset purchases and leasing, and dispose of Gaoqi Airport terminal assets to the government and Xiangye Group, shifting to an asset-light model.

厦门翔业集团有限公司 · Capital · Neutral As controlling shareholder, Xiangye Group is set to receive Gaoqi Airport terminal and airfield supporting assets within 180 days after the new airport opens.

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China

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Xiamen Airport's 2026 interim net profit was 250 million yuan, down 10.79% year-on-year

Xiamen Airport released its 2026 interim report. Total operating revenue was 1.249 billion yuan, down 3.75% year-on-year. Net profit attributable to the parent company was 250 million yuan, down 10.79% year-on-year. Net cash inflow from operating activities was 72.1519 million yuan, a sharp year-on-year decline of 76.40%. The company's asset-liability ratio was 34.35%, gross margin was 35.59%, ROE was 6.07%, and diluted earnings per share was 0.60 yuan. Total asset turnover has risen for four consecutive years, while inventory turnover fell sharply year-on-year. The number of shareholders was 20,700, and the top ten shareholders held 73.63% of the total share capital.

Xiamen Interna… ▼

600897.CG · Capital · Negative Net profit down 10.79% YoY, operating cash flow down 76.40%

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China

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Xiamen Airport's July cargo and mail throughput drops nearly 8% year-on-year, international routes plunge 13.21%

Xiamen Airport disclosed its transport production data for July 2026. Cargo and mail throughput was 29,900 tonnes, down 7.99% year-on-year. Among this, international route cargo and mail throughput was 14,100 tonnes, a year-on-year decline of 13.21%, dragging down overall performance. Aircraft movements for the month totalled 17,907, a slight decrease of 0.90% year-on-year. Passenger throughput reached 2.6485 million, up 0.90% year-on-year. Overseas route movements were 2,755, up 6.95% year-on-year, with passenger throughput of 370,200, up 3.96% year-on-year, but cargo and mail throughput was 18,000 tonnes, down 9.98% year-on-year. The company notes that the data comes from internal statistics and is for investor reference only.

Xiamen Interna… ▼

600897.CG · Demand · Negative Cargo and mail throughput fell 7.99% YoY, with international routes down 13.21%, indicating weaker demand for air freight services.

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