Guangzhou Baiyun International Airport Company (600004) investor relations material

Executive summary

• Revenue reached ¥7.96 billion in 2025, up 7.16% year-over-year; net profit attributable to shareholders was ¥1.47 billion, up 58.60% year-over-year.

• Passenger throughput hit 83.58 million, cargo/mail 2.44 million tons, and aircraft movements 550,512, all ranking second nationwide.

• Major expansion: T3 terminal and fifth runway commenced operation, making it the first airport in China with five commercial runways.

• Dividend proposal: cash dividend of ¥2.85 per 10 shares, totaling ¥734.51 million, representing 50.02% payout ratio.

Financial highlights

• Operating income: ¥7.96 billion, up 7.16% year-over-year; operating cost: ¥5.94 billion, up 9.69%.

• Total assets: ¥29.68 billion, up 9.93% from previous year; net assets attributable to shareholders: ¥21.02 billion, up 14.60%.

• Basic and diluted EPS: ¥0.62, up 58.97% year-over-year; ROE: 7.45%.

• Net cash from operating activities: ¥3.07 billion, down 9.83% year-over-year.

• Significant non-recurring gains: land compensation income of ¥387.24 million and advertising contract compensation of ¥178.01 million.

Outlook and guidance

• Aims to exceed 90 million passengers in 2026 and maintain top-tier global hub status.

• Focus on efficiency, safety, and service upgrades; targets flight punctuality rate above 85%.

• Plans to further expand international routes and enhance commercial value.