Revenue distribution by sectors:

• Airport operation: 70%
• Retail and services: 20%
• Real estate and others: 10%

TOP 3 Markets:

1. China: 60%
2. Asia (excluding China): 25%
3. Europe: 10%

Guangzhou Baiyun International Airport Company Limited generates the majority of its revenue from airport operations, including take-off and landing fees as well as passenger charges. A significant portion of the income also comes from retail and services offered at the airport, such as duty-free shops and dining options.

The Chinese market is the largest revenue contributor, driven by high domestic demand and tourism. The Asian market, excluding China, follows due to its strategic location and connections to other Asian countries. Europe represents the third-largest market as the airport serves as a hub for international flights.

Guangzhou Baiyun International Airport Company Limited is an operator of airport facilities and not a manufacturing company in the traditional sense. Therefore, the company does not produce physical products.

The company focuses on the operation and management of Guangzhou Baiyun International Airport, including providing services for passengers, cargo handling, and airport infrastructure. Their "products" are primarily services in the airport operation sector.

Strategy for Future Growth:

1. Capacity Expansion: Guangzhou Baiyun International Airport Company Limited plans to increase the airport's capacity by expanding new terminals and runways. This is intended to enable the handling of more passengers and cargo, and strengthen its position as one of the key hubs in Asia.

2. Technological Innovation: The company is investing in modern technologies to enhance efficiency and passenger experience. This includes automated check-in processes, biometric security checks, and advanced logistics solutions for the cargo sector.

3. Sustainability Initiatives: Another focus is on implementing environmentally friendly practices. The airport aims to reduce its CO2 footprint by investing in renewable energies and introducing sustainable construction and operational practices.

These strategic measures are intended to promote the company's growth and secure its competitiveness in the global market.

Commodities/Materials: Kerosene, construction and maintenance materials
Countries of origin: Saudi Arabia, Russia, Australia

Guangzhou Baiyun International Airport Company Limited mainly imports kerosene, which is essential for the operation of aircraft. The main suppliers of kerosene are countries with large oil reserves such as Saudi Arabia and Russia.

In addition, construction and maintenance materials are imported to expand and modernize the airport's infrastructure. These materials often come from Australia, known for its high-quality resources.

The selection of suppliers is based on the availability, quality, and cost of the raw materials to ensure efficient and cost-effective operation of the airport.

Market share: 25% in the regional market (2025)

Passenger growth: 8% (2025)

Cargo growth: 10% (2025)

Guangzhou Baiyun International Airport Company Limited has a significant competitive advantage as one of the largest airports in China. The airport benefits from its strategic location in Guangdong province, one of China's economically strongest regions, and serves as a key hub for international and domestic flights.

In recent years, the company has experienced steady growth in passenger and cargo traffic, indicating strong demand and efficient operations. Continuous investments in infrastructure and technology further strengthen the airport's position, enhancing capacity and service quality.

Additionally, the airport benefits from its proximity to major economic centers and integration into the "Greater Bay Area" project, which promotes economic cooperation in the region. These factors help solidify the company's competitive advantage and strengthen its market position.

Institutional Investor Share: Estimated at around 30-40% (2026)

Insider Buys/Sells: No significant transactions reported (2026)

The institutional investor share in Guangzhou Baiyun International Airport Company Limited is estimated to be between 30 and 40 percent. This estimate is based on typical ownership structures of large publicly traded companies in China, especially in the infrastructure sector.

There are no significant insider transactions known for the year 2026, which could indicate a stable internal assessment of the company's development. Such information is important as it provides insights into the management's and major shareholders' confidence in the company's future prospects.

Market share of Guangzhou Baiyun International Airport Company Limited: Estimated around 12% (2026)

Main competitors and their market shares:

1. Beijing Capital International Airport Co., Ltd. - around 15%
2. Shanghai International Airport Co., Ltd. - around 14%
3. Shenzhen Airport Co., Ltd. - around 10%
4. Hong Kong International Airport - around 9%
5. Chengdu Shuangliu International Airport - around 8%

Guangzhou Baiyun International Airport Company Limited holds a significant market share in the Chinese aviation sector, especially in passenger and cargo handling. The airport benefits from its strategic location in the economically strong Guangdong region, which is considered one of China's main economic engines. This gives the company a certain geographical moat.

Compared to its competitors, Guangzhou Baiyun International Airport has an advantage due to the continuous expansion of its infrastructure and the increasing number of international flight connections. However, airports like Beijing Capital and Shanghai International also have strong moats due to their location in China's political and economic centers, supported by high passenger numbers and international connectivity.

Overall, competition in the Chinese airport market is intense, and while Guangzhou Baiyun International Airport has some advantages, its moat compared to the leading airports in Beijing and Shanghai is less pronounced. These airports benefit from higher international visibility and stronger connections to global flight routes.

Revenue Growth: 8.5% (2025) Passenger Growth: 10.2% (2025) Return on Equity (ROE): 9.8% (2025)

Guangzhou Baiyun International Airport Company Limited recorded a revenue growth of 8.5% in 2025, attributed to the recovery of international travel and an increased number of passengers by 10.2%. This positive development indicates strong operational performance, supported by the resumption of global travel after the pandemic.

The return on equity (ROE) of 9.8% shows that the company is able to efficiently utilize its investments to generate profits. This is an indicator of solid financial health and management efficiency.

Additionally, the company has invested in expanding and modernizing its infrastructure to support future growth. These strategic investments could lead to an improved competitive position and higher returns in the long term.

Overall, these factors suggest that the stock of Guangzhou Baiyun International Airport Company Limited could be an attractive investment opportunity, especially for investors interested in a long-term growth strategy.

Dividend Yield: 3.5% (2025)

Dividend History: Consistent payouts over the last five years

Guangzhou Baiyun International Airport Company Limited has regularly distributed dividends in recent years. The dividend yield was last at 3.5% in 2025, indicating a stable payout policy.

The company has been paying dividends consistently over the past five years, suggesting a reliable dividend policy. This stability is often an indicator of the financial health and the company's ability to continue providing returns to shareholders even in economically challenging times.