Shanghai International Airport (600009) H1 2025 earnings summary

Executive summary

• Achieved revenue of ¥6.35 billion for H1 2025, up 4.78% year-over-year, with net profit attributable to shareholders at ¥1.04 billion, up 28.14% year-over-year.

• Passenger and cargo throughput at both airports increased, with international traffic showing strong recovery.

• Maintained high operational efficiency and safety, with continued investment in digital transformation and service upgrades.

Financial highlights

• Operating income: ¥6.35 billion, up 4.78% year-over-year.

• Net profit attributable to shareholders: ¥1.04 billion, up 28.14% year-over-year.

• Basic and diluted EPS: ¥0.42, up 27.27% year-over-year.

• Operating cash flow: ¥2.55 billion, up 0.38% year-over-year.

• Gross margin improved due to cost control and increased business volume.

Outlook and guidance

• Management expects continued recovery in international air travel and stable domestic demand.

• Focus remains on high-quality development, digital transformation, and service innovation.

• Risks from macroeconomic uncertainty, policy changes, and competition from other transport modes are highlighted.