- Business
- Shenzhen Airport Co., Ltd. (000089.SZ) operates and manages Shenzhen Bao'an International Airport, a key aviation hub in the Guangdong-Hong Kong-Macao Greater Bay Area of China; its core activities encompass aviation ground support and agency services including aircraft takeoff and landing coordination, parking support, flight control, runway and facility maintenance, passenger boarding and arrival/departure handling, aircraft maintenance, cargo ground handling; aviation logistics such as air cargo processing, terminal operations, logistics park leasing and management, air freight forwarding; and non-aviation value-added services like advertising in terminals, commercial leasing, retail, and property development. Founded in 1991 and headquartered in Shenzhen, China, the company functions as a subsidiary of Shenzhen Airport (Group) Co., Ltd., a state-owned entity established in 1989, serving domestic and international passengers, airlines, cargo operators, and commercial tenants primarily in southern China with expanding global connectivity. In recent developments, it signed a Sister Airport agreement in September 2025 with Hamad International Airport in Doha, Qatar, fostering collaboration on market insights, route planning, technology adoption, and enhanced passenger and cargo flows between China, the Middle East, and beyond, amid Shenzhen Airlines' launch of direct Doha-Shenzhen flights in October 2024 and growing e-commerce-driven cargo throughput exceeding 1.8 million tons in 2024; the airport also advanced infrastructure with ongoing construction of a third runway, Terminal 2, North Cargo Area, and other expansions under its "3+3+3+1" master plan, achieving record passenger traffic of over 61 million in 2024.