GBIAC(600004)2024-11-15 07:35Group 1: International Business Recovery - The recovery of international air travel is constrained by geopolitical factors, particularly affecting routes to North America and India, with full recovery not yet achieved [1] - By the end of the year, the international market is expected to recover to over 80% of 2019 levels, with higher recovery anticipated next year [1] Group 2: Financial Performance - Third-quarter business data exceeded that of the second quarter; however, profits were lower due to increased costs from completed maintenance projects [2] - Financial expenses increased in the third quarter due to the impact of leasing standards and a decline in interest income from bank deposits [2] Group 3: Market Opportunities - The establishment of duty-free shops in urban areas is seen as beneficial for the company, enhancing market influence and increasing commercial revenue [3] - The company is actively engaging with luxury brands to maximize resource value and align with Guangzhou's goal of becoming an international consumption center [3] Group 4: Operational Developments - The third-phase expansion project of Baiyun Airport is still under construction, with the company committed to timely disclosure of usage patterns and related information upon completion [4] - The company is evaluating the funding needs for the third-phase project, with the parent group responsible for financing [4]