Guangzhou Baiyun International Airport (600004.SH) is expected to achieve a net profit of 832 million to 1.017 billion yuan in 2024, an increase of 88.39% to 130.25% compared to the previous year.

Guangzhou Baiyun International Airport (600004.SH) announced that the company expects to achieve a net profit attributable to shareholders of the parent company of 832 million to 1.017 billion yuan in 2024. This represents an increase of 390.5868 million to 575.5851 million yuan compared to the same period last year, with a year-on-year increase of 88.39% to 130.25%. The main reason for the company's performance increase this time is due to the gradual recovery of the aviation market demand, leading to an increase in production and operation data of Guangzhou Baiyun International Airport compared to the same period last year. This has driven growth in the company's aviation-related business income and non-aviation business income. At the same time, the company continues to optimize its cost structure, enhancing cost flexibility, with cost increases far lower than revenue growth.