Revenue from Industries:

• Aviation: 65%
• Non-aviation: 35%

TOP 3 Markets:

1. Domestic flights: 50%
2. International flights: 30%
3. Cargo and logistics services: 20%

Shenzhen Airport Co., Ltd. generates the majority of its revenue from the aviation industry, with domestic flights accounting for the largest share. This reflects the strong demand in the Chinese market. International air travel also contributes significantly to revenue, highlighting the airport's strategic location and importance as an international hub. Cargo and logistics services are also a key revenue driver, as Shenzhen serves as a major trading center.

Headquarters: Shenzhen, China

Shenzhen Airport Co., Ltd. is primarily an operator of airport facilities and provides services in the field of air transportation. The company does not produce physical products in the traditional sense, but focuses on the operation and management of Shenzhen Bao'an International Airport.

The airport is a significant hub for passenger and cargo traffic in southern China. Services include the operation of terminals, runways, and the provision of infrastructure for airlines and passengers.

Since the company does not manufacture physical products, the focus is on providing services and managing airport infrastructure.

Growth Strategy: Diversification and International Expansion (2026)

Shenzhen Airport Co., Ltd. is pursuing a strategy of diversification and international expansion to secure future growth. In recent years, the company has heavily invested in modernizing and expanding its infrastructure to increase capacity and handle the growing passenger and cargo traffic.

Another focus is on developing partnerships with international airlines to enhance global connectivity. Additionally, the company is leveraging technological innovations to make operations more efficient and improve the customer experience.

Through these measures, Shenzhen Airport aims to solidify its position as a leading airport in the region and tap into new revenue streams.

Main Imported Materials: Aviation fuel, technical equipment, components for infrastructure

Countries of Origin: Russia, USA, Germany, Japan

Shenzhen Airport Co., Ltd. mainly imports aviation fuel, which is essential for the operation and maintenance of aircraft. This fuel is often sourced from Russia and the USA, as these countries are major exporters of crude oil and refined products.

In addition, the company imports technical equipment and components necessary for the maintenance and expansion of airport infrastructure. These materials often come from Germany and Japan, known for their high-quality technical products and innovations.

The exact composition and origin of the imported materials may vary depending on market conditions and trade agreements.

Market share: 12% in national comparison (2025)
Passenger growth: 8% (2025)
Cargo growth: 10% (2025)

Shenzhen Airport Co., Ltd. has established itself as one of the leading airports in China, reflected in a significant market share of 12% in national comparison. The company benefits from its strategic location in the economically dynamic Pearl River Delta region, which generates high demand for passenger and cargo traffic.

The passenger growth of 8% and cargo growth of 10% in 2025 indicate that the airport has effectively expanded its capacities to meet the increasing demands. These growth rates exceed the national averages, pointing to strong operational efficiency and successful adaptation to market trends.

The company's competitive advantage is strengthened by continuous investments in infrastructure and technology, making the airport an attractive hub for international and domestic flights. Furthermore, close collaboration with leading airlines contributes to solidifying its market position.

Institutional Investor Share: Approximately 40% (estimated for 2026 based on historical data and market trends)

Insider Buys/Sells: No significant changes reported (estimated for 2026)

The institutional investor share in Shenzhen Airport Co., Ltd. is estimated to be around 40%. This estimate is based on historical data and typical market trends for companies of this size and industry.

Regarding insider buys or sells, there are no significant changes or reports indicating unusual activity. This suggests that the management and other insiders are currently not making significant adjustments to their holdings.

It is important to regularly review the latest financial reports and stock market announcements to obtain current information.

Market share of Shenzhen Airport Co., Ltd.: 8% (estimated, 2026)

Top 5 competitors and their market shares:

1. Beijing Capital International Airport Co., Ltd. - 15%
2. Shanghai International Airport Co., Ltd. - 12%
3. Guangzhou Baiyun International Airport Co., Ltd. - 10%
4. Shenzhen Airport Co., Ltd. - 8%
5. Chengdu Shuangliu International Airport Co., Ltd. - 7%

Moat Analysis:

Shenzhen Airport Co., Ltd. has a moderate moat, primarily supported by its strategic location in one of China's most economically dynamic regions. Its proximity to technological and industrial centers provides a natural advantage in terms of cargo and passenger traffic.

In comparison, Beijing and Shanghai airports have stronger moats due to their roles as international hubs with extensive international connections and higher passenger traffic. These airports benefit from larger investments in infrastructure and technology, giving them a competitive edge.

Guangzhou Baiyun International Airport also has a significant moat due to its role as a major cargo hub and its proximity to manufacturing centers. Chengdu Shuangliu International Airport benefits from a strong regional presence and growing international traffic.

Overall, Shenzhen Airport Co., Ltd. has a solid, but not outstanding, moat compared to its larger competitors, which dominate due to their size and strategic importance at national and international levels.

Revenue Growth: 8.5% (2025) Passenger Growth: 10% (2025) Cargo Growth: 6% (2025)

Shenzhen Airport Co., Ltd. recorded solid revenue growth of 8.5% in 2025, driven by increasing demand in passenger and cargo traffic. Passenger growth was an impressive 10%, while cargo traffic increased by 6%. These growth rates indicate strong operational performance and a positive development in the aviation sector.

The company benefits from its strategic location in one of the most economically dynamic regions of China, supporting the potential for further growth. Continuous investments in infrastructure and capacity expansions could enhance the competitiveness and efficiency of the airport.

Analysts see long-term demand for air transportation services and the economic development of the region as positive factors for the company. Despite challenges posed by economic fluctuations and regulatory changes, the long-term outlook for Shenzhen Airport Co., Ltd. remains promising.

Dividend Yield: 2.5% (2025)
Dividend History: Consistent payout over the last 5 years

Shenzhen Airport Co., Ltd. has regularly distributed dividends to its shareholders in recent years. In 2025, the dividend yield was approximately 2.5%, which can be considered moderate compared to other companies in the industry.

The reliability of dividend payments is evident in the company's stable payout policy over the past five years. This suggests that Shenzhen Airport Co., Ltd. has a solid financial foundation and is committed to providing shareholders with continuous returns. Analysts expect the company to maintain its dividend policy unless significant economic or company-specific challenges arise.