GLONGHUI, September 14 | Haitong International released a research report saying that due to a decline in passenger throughput, number of flights taken off and landing, and duty-free sales per unit, the bank adjusted Meilan Airport's 23E/24E/25E EPS to -0.22 yuan, 0.51 yuan, and 1.37 yuan/share, respectively (the original EPS forecast was 0.29 yuan, 1.03 yuan/share, 2.10 yuan/share), with a target price of HK$13.86. The report mentioned that the “double terminal, double runway” model at Meilan Airport is currently running smoothly. The bank believes that the bottleneck in production capacity no longer exists, and that the additional production capacity needs to be released urgently. As Hainan Island's tax exemption policy continues to advance, Meilan Airport, as a major port of import and export and transportation hub for tourist routes, is expected to further strengthen its passenger flow advantage. The company's medium- to long-term plans are clear, and will continue to push for ongoing expansion applications and preparations for Phase III expansion projects, further opening up space for future development.