TacticScaleWhat Guangzhou Baiyun International Airport (白云机场) Does & How It Makes Money (600004.SS)
Updated October 2026 · reflects Guangzhou Baiyun International Airport's latest reported financials
Operator of Guangzhou Baiyun International Airport, a major Chinese air hub. It earns aviation fees from airlines for takeoff, landing, parking, passenger, security and ground-handling services.
How Guangzhou Baiyun International Airport makes money
It earns aviation fees from airlines for takeoff, landing, parking, passenger, security and ground-handling services. It also makes non-aviation revenue from commercial leasing, franchising, advertising, ground transportation and hotels at the airport.
What Guangzhou Baiyun International Airport does
Guangzhou Baiyun International Airport Company Limited manages and operates Guangzhou Baiyun International Airport in China. Its core aviation business covers aircraft takeoff, landing and parking, passenger services, security checks, and ground support for aircraft, passengers, cargo and mail. The company also runs aviation-related side businesses, including commercial venue leasing, franchising, advertising, ground transportation and hotels. It was founded in 2000, is headquartered in Guangzhou, and is a subsidiary of Guangdong Airport Management Group Limited.
Products & services
- Aircraft takeoff, landing and parking services
- Passenger and security check services
- Ground support and cargo/mail handling
- Commercial venue leasing and franchising
- Airport advertising
- Hotel and ground transportation services
白云机场是做什么的？
广州白云国际机场股份有限公司负责经营管理广州白云国际机场，为飞机、旅客、货物和邮件提供航空服务，包括飞机起降与停场、旅客服务、安全检查和地面保障等。 公司还经营商业场地租赁、特许经营、地面交通、广告、酒店等航空延伸业务。公司成立于2000年，总部位于广州，是广东省机场管理集团有限公司的子公司。
What is Guangzhou Baiyun International Airport worth?
On an owner-earnings DCF, Guangzhou Baiyun International Airport's most-likely value is about ¥16 versus a recent price near ¥8 (52% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥8) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Shenzhen Airport (000089.SZ) · Shanghai International Airport (600009.SS) · Guangzhou Port (601228.SS) · China Southern Airlines (600029.SS) · Hainan Airport Infrastructure (600515.SS)