Shanghai International Airport (600009) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached RMB 3.36 billion, up 7.46% year-over-year; year-to-date revenue was RMB 9.71 billion, up 5.69% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 589.86 million, up 52.52% year-over-year; year-to-date net profit was RMB 1.63 billion, up 35.98% year-over-year.

• Growth driven by increased air traffic at both Shanghai airports, higher operating profit, and improved investment income.

Financial highlights

• Q3 total profit was RMB 842.10 million, up 54.46% year-over-year; year-to-date total profit was RMB 2.31 billion, up 38.30%.

• Basic and diluted EPS for Q3 were RMB 0.24, up 50% year-over-year; year-to-date EPS was RMB 0.66, up 37.5%.

• Operating cash flow for the first nine months was RMB 4.19 billion, up 10.06% year-over-year.

• Gross margin and other detailed cost metrics not explicitly stated.

Outlook and guidance

• Management highlights ongoing efforts to strengthen advertising and duty-free business segments to maintain market leadership and ensure sustainable growth.