8月6日，国泰航空（股票代码293.HK）在香港公布了2025年中期业绩。国泰集团于2025年上半年录得 股东应占溢利为36.51亿元（港元，下同），同比上升1.1%。南都N视频记者从该集团获悉，其业绩主 要受益于客运运力及客运量增长。 上半年，国泰航空的"可用座位千米数"同比提升约26%，而"收入乘客千米数"则同比上升三成。期内 的"收入乘客运载人次"达到约1363万，同比增加近28%。另外，国泰的货运业务保持发展韧性、燃油成 本下降等因素，也助推其业绩增长。 8月6日，国泰集团在香港召开新闻发布会，介绍2025年中期业绩情况。 另外，公告也显示，国泰集团的联属公司业绩录得应占亏损为1.81亿元，亏损情况较去年上半年的亏损 3.42亿元大幅收窄。 基于上半年业绩，国泰集团宣布，向普通股股东派发第一次中期股息每股20港仙，总额为13亿元。每股 股息金额与去年派发第一次中期股息金额相同。 另外，国泰航空在8月6日宣布行使购买权增添14架波音777-9飞机。这一采购决定使国泰集团对该款客 机的订购总数增加至35架。 南都N视频记者从波音公司了解到，波音公司对国泰航空的这项最新采购表示感谢，国泰航空也因此成 为亚太 ...

Market Overview - The A-share market showed strong performance with the Shanghai Composite Index steadily rising, while the Hong Kong stock market experienced a narrow fluctuation, closing up by 0.03% [1] - Concerns in the market are heightened due to the U.S. President Trump's shortened ultimatum for sanctions against Russia, now set at 10 days, with potential impacts on India and other countries [1] - The U.S. is also set to impose significant tariffs on semiconductor chips and pharmaceuticals, with drug tariffs reaching as high as 250% [1] Company Developments - Jingtai Technology announced a pipeline cooperation agreement with DoveTree worth approximately HKD 470 billion (USD 59.9 billion), leading to a stock surge of over 12% [2] - A-share company Weixin New Materials faced regulatory scrutiny after a stock price surge related to the "embodied intelligent robot" concept and control change expectations [2] - The Shanghai government released a plan for the development of the embodied intelligence industry, aiming for breakthroughs in core algorithms and technologies by 2027 [2] Industry Trends - The 2025 World Robot Conference is set to showcase over 100 new products, nearly double from last year, indicating a growing interest in robotics [3] - The U.S. student loan delinquency rate has reached 12.9%, the highest in 21 years, which may influence Federal Reserve decisions on interest rates [3] - The steel and paper industries are experiencing positive momentum, with companies like Maanshan Steel and Nine Dragons Paper seeing significant stock price increases [3] Defense Sector Insights - The military industry is gaining traction with significant contracts, such as the sale of the Hongqi-9 air defense system and the export of submarines to Pakistan [4] - China Shipbuilding Defense announced a profit increase of 213.25% to 267.73% for the first half of the year, leading to a stock rise of nearly 8% [4] Consumer Market Activity - The new consumption sector is becoming active, with companies like Pop Mart seeing increased attention at recent toy exhibitions [5] - The liquor industry is also responding to market trends, with new product launches and stock price increases [5] Aviation Sector Developments - Cathay Pacific announced an $8.1 billion order for 14 Boeing 777-9 aircraft, marking its first deal with Boeing in 12 years, despite concerns over the safety record of Boeing aircraft [7] - The long delivery timeline for the 777-9 model raises potential issues regarding aircraft aging and maintenance [7] Energy Sector Updates - The State Grid reported record electricity usage due to high temperatures, with peak load reaching 1.233 billion kilowatts, an increase of 53 million kilowatts from last year [8] - Coal prices have risen significantly, impacting the steel industry, which is maintaining high production levels [8] Automotive Sector Performance - XPeng Motors reported a record monthly delivery of 36,717 vehicles in July, a year-on-year increase of 229.4% [10] - The company is expanding its presence in Europe, with significant sales growth and new model launches [11][12]

Group 1 - Cathay Group reported a solid financial performance in the first half of the year, with a profit of approximately HKD 3.65 billion, similar to the same period in 2024 [1] - Cathay Pacific's passenger revenue reached approximately HKD 34.2 billion, an increase of 14% compared to the same period in 2024 [1] - The number of passengers carried by Cathay Pacific was 13.6 million, averaging about 75,000 passengers per day, which is a 27.8% increase year-on-year, with a load factor of 84.8% [1] Group 2 - Cathay's cargo revenue was approximately HKD 11.14 billion, reflecting a year-on-year increase of 2.2%, with overall cargo tonnage increasing by 11.4% to 801,000 tons and a load factor of 58.6% [1] - Hong Kong Express, a wholly-owned low-cost airline of Cathay Group, reported passenger revenue of approximately HKD 3 billion, remaining stable compared to 2024 [1] - The number of passengers carried by Hong Kong Express was 3.8 million, averaging about 20,000 passengers per day [1] Group 3 - The Chairman of Cathay Group, Augustus Tang, attributed the strong financial performance to increased passenger volume, stable cargo performance, and declining fuel prices [1] - Cathay Pacific and Hong Kong Express have announced or launched 19 new routes since 2025, expanding their network to over 100 destinations globally [1] - The company has invested significantly in fleet expansion, cabin products, lounges, and digital upgrades, exceeding the previously announced investment of HKD 100 billion, aiming to strengthen Hong Kong's position as an international aviation hub and enhance passenger experience [2]

Group 1 - Cathay Pacific announced a mid-year profit of HKD 3.7 billion for the first half of 2025, maintaining a similar level to the first half of 2024, driven by increased passenger capacity and volume, despite a decline in yield [1] - The company declared an interim dividend of HKD 0.2 per share, totaling HKD 1.3 billion, consistent with the previous year's interim dividend [1] - Cathay Pacific has ordered an additional 14 Boeing 777-9 aircraft, bringing the total order for this model to 35 [1] Group 2 - Cathay Pacific has been recognized in several industry awards, ranking among the top three 'World's Best Airlines' by Skytrax and winning awards for 'Best Economy Class' and 'Best In-Flight Entertainment' [2] - The airline plans to enhance customer experience with new cabin products, flagship lounges, and dining experiences, including a new business class and entertainment system [2] - Cathay Pacific aims to introduce a leading first-class experience on the Boeing 777-9, scheduled for delivery in 2027 [2] Group 3 - The airline has initiated a comprehensive upgrade plan for its lounges, with the "The Wing" lounge at Hong Kong International Airport recently reopened and new flagship lounges set to open in Beijing and New York [3] - Cathay Pacific's cargo division continues to maintain a leading position with specialized solutions and digital capabilities [3]

Core Viewpoint - Cathay Pacific Airways reported a significant drop in its stock price following the release of its latest earnings report, which showed mixed results despite a year-on-year revenue increase [1][4]. Financial Performance - For the six months ending June 30, 2025, Cathay Pacific Group reported revenues of HKD 54.309 billion, a year-on-year increase of 9.5% [1]. - The profit attributable to shareholders was HKD 3.651 billion, reflecting a modest growth of 1.1% compared to the previous year [1]. - The company declared an interim dividend of HKD 0.2 per share and reported unrestricted cash reserves of HKD 21.504 billion, up 12.7% year-on-year [1]. Passenger and Cargo Operations - Passenger revenue for the first half of 2025 reached HKD 34.208 billion, a 14.0% increase from the same period in 2024 [3]. - The number of passengers carried increased to 13.6 million, averaging 75,300 passengers per day, which is a 27.8% rise year-on-year [3]. - Cargo revenue was HKD 11.141 billion, up 2.2%, with an overall cargo tonnage increase of 11.4% to 801,000 tons [3]. Challenges and Strategic Moves - The company noted challenges due to tariff changes and uncertainties in the market, but highlighted the resilience of its cargo business [4]. - Cathay Pacific is expanding its business beyond aviation services, including ventures in payments, insurance, and lifestyle products [4]. Subsidiary Performance - Hong Kong Express, a wholly-owned low-cost subsidiary, reported passenger revenue of HKD 3.004 billion, remaining stable compared to the previous year [4]. - The airline carried 3.8 million passengers in the first half of 2025, a 33.5% increase year-on-year, although it faced a net loss of HKD 524 million due to external factors [4]. Aircraft Acquisition - The company announced the exercise of a purchase option under a 2013 agreement to acquire 14 Boeing 777-9 aircraft, with a basic price of approximately USD 8.1 billion (around HKD 63.2 billion) [6]. - The actual cost will be lower due to significant discounts from the manufacturer, with payments structured over five installments [6].

国泰航空(00293)发布公告，将于2025年10月9日派发截至2025年12月31日止年度的中期股息每股0.2港 元。 ...

Market Overview - The Hong Kong stock market showed mixed performance with the Hang Seng Index closing at 24,910.63 points, up 0.03% or 8.1 points, with a total turnover of HKD 215.235 billion [1] - The Hang Seng China Enterprises Index fell by 0.21% to 8,932.68 points, while the Hang Seng Tech Index rose by 0.2% to 5,532.17 points [1] - ZheShang International noted that the market fundamentals remain weak, with a cautious outlook on short-term sentiment [1] Blue Chip Performance - BYD Electronics (00285) led blue-chip stocks, rising 6.72% to HKD 37.8, contributing 3.01 points to the Hang Seng Index [2] - Other notable performers included SMIC (00981) up 3.14% and China Shenhua (01088) up 2.99%, while Li Auto-W (02015) fell 5.35% [2] Sector Highlights - Large tech stocks showed mixed results, with Tencent up 1.7% and Alibaba up 0.6%, while Xiaomi fell 0.55% [3] - The "anti-involution" theme gained traction, with paper, coal, and steel stocks generally rising, including a notable increase of over 10% for Nine Dragons Paper [3][4] - New consumption concepts performed well, with Pop Mart (09992) rising 7.87% and Shangmei (02145) up 7.34% [3] Robotics Sector - The robotics sector saw significant gains, with companies like Geekplus (02590) rising 5.68% and MicroPort (02252) up 4.07% [5] - Recent product launches and government initiatives in Shanghai are expected to accelerate the development of the robotics industry [6] Notable Stock Movements - Times Angel (06699) surged 18.29% after announcing a positive earnings forecast for the first half of 2025, expecting a net profit increase of approximately 538.1% to 604.8% [7] - Crystal Technology (02228) rose 12.42% following a significant partnership agreement worth approximately HKD 470 billion [8] - China Shipbuilding Defense (00317) increased by 7.75% due to optimistic profit forecasts based on seasonal factors in the shipbuilding industry [9] - Zhenjiu Lidu (06979) saw a strong performance despite a projected revenue decline, rising 7.89% [10] - Cathay Pacific (00293) fell 9.66% after reporting mid-year earnings that did not meet market expectations [11]

智通财经APP讯，国泰航空(00293)发布公告，将于2025年10月9日派发截至2025年12月31日止年度的中 期股息每股0.2港元。 ...

| 為享有股息權利而行使轉換權之最後 | 2025年8月27日 | 22:00 | | --- | --- | --- | | 時限 | | | | 其他信息 | | | | 其他信息 | 不適用 | | | 發行人董事 | | | | 常務董事： 賀以禮（主席）、林紹波、劉凱詩、麥皓雲、沈碧嘉； | | | | 非常務董事： 馬崇賢（副主席）、白德利、麥廣能、孫玉權、施銘倫、鄧健榮、王明遠、肖烽； | | | | 獨立非常務董事： 陳智思、鄭嘉麗、馬焜圖及王小彬。 | | | 第 2 頁 共 2 頁 v 1.1.1 EF001 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 國泰航空有限公司 | | 股份代號 | 00293 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 40580 CPFIN III B26 ...

摩根士丹利发布研报称，国泰航空(00293)客运收益率低于预期，主要由于长途航线收益率持续正常化 及短途航线竞争加剧，尽管商务舱需求强劲且载客率同比提升。市场普遍预期2025年全年净利润将同比 下降，但该行认为下行风险有限。评级"与大市同步"，目标价12.1港元。 大摩表示，国泰航空公布2025年上半年普通股股东应占净利润为36.5亿港元，同比增长8.3%。经营利润 为59亿港元，与去年同期持平，但低于市场预期66亿港元。受可转债回购影响，摊薄每股盈利同比增长 16.6%。集团上半年总收入为543亿港元，同比增长9.5%。国泰航空上半年营运现金流为112亿港元(2024 年同期为106亿港元)。截至2025年6月，集团可动用流动资金达215亿港元。中期股息维持每股0.2港 元，同比持平。按公告前收盘价计算，股息收益率为1.7%。 ...