格隆汇12月19日｜今天，全球首台交付航司的国产大飞机C919飞行模拟机在东航研发中心正式启用， 标志着东航在国产大飞机运行保障能力建设上迈出关键一步。截至2025年12月，东航C919机队已累计 安全飞行超4万小时，承运旅客突破245万人次。 ...

工作中的刘毅君 一场始于"飞行制服梦"的双向奔赴 《中国民航报》、中国民航网 记者钱擘 报道：2024年举行的首届中国民航飞行员职业技能大赛，是一 个广大民航飞行员切磋技艺、磨砺专业，在竞技中互相学习、共同成长的舞台。在这片舞台上，同样有 着民航女飞行员"巾帼不让须眉"的身影，唯一入围决赛的女飞行员、来自东航飞行总队飞行六大队一中 队A330副驾驶、大赛A330机型机组综合成绩二等奖获得者、全国民航技术能手刘毅君，就是其中的佼 佼者。 "她学习理论知识时认真刻苦，不放过任何一个细节；在模拟机训练中，她每个动作都力求标准规范； 训练结束后，还常常主动复盘总结。"刘毅君的同事、东航飞行总队飞行六大队的一名飞行员告诉记 者。 "小时候还真没想到，电视里那身帅气的制服，未来真的会成为我的坚守和荣光。" 谈及自己的飞行之 路，来自山西晋中的刘毅君，眼神中满是坚定与热爱。从一名对飞行懵懂好奇的高三学生，到如今驾驶 现代化喷气式客机穿梭于国内外航点，她在蓝天之上书写了属于自己的"双向奔赴"故事。 刘毅君与飞行的缘分，起初是源于家里那台老电视机。年少时，她常常喜欢守在屏幕前，看着电视里飞 行员身着笔挺制服、从容执飞的模样，心 ...

Group 1: Airline Industry Performance - In November 2025, the six major listed airlines in China achieved a total passenger transport volume of approximately 48.615 million, representing an 18.4% increase compared to the same period in 2019 [1] - China National Airlines led with a passenger transport volume of 13.0717 million, including 1.6374 million on international routes, which is a 19.7% increase from 2019 [1] - The international routes became a key growth driver, with a total of 6.305 million passengers transported, marking a 16.6% increase compared to 2019 [1] Group 2: Capacity and Load Factor - The overall load factor for the six major airlines remained high, with Spring Airlines leading at 92.3%, an increase of 5.8 percentage points from 2019 [2] - Other airlines also reported healthy load factors: China Eastern Airlines at 87.4% (up 7.2 percentage points), China Southern Airlines at 86.3%, and China National Airlines at 83.3% [2] Group 3: Competitive Landscape and Strategy - The aviation industry is experiencing a clear pattern of "overall recovery with internal differentiation," with hub airlines leveraging their network advantages for steady growth [3] - Private airlines like Juneyao Airlines and Spring Airlines are adopting flexible strategies to penetrate international markets, showcasing significant results [3] - The competition is shifting from scale expansion to quality improvement, indicating a transition towards high-quality development in the aviation sector [3] Group 4: Airbus A320 Production Milestone - Airbus delivered its 800th A320 series aircraft from the Tianjin assembly line, marking a significant milestone in its operations in China [5] - The A321neo aircraft, received by China National Airlines, features advanced engines and a comfortable cabin layout, reflecting Airbus's commitment to enhancing its production capabilities in China [5] - The establishment of a second A320 assembly line in Tianjin further strengthens Airbus's global production network, which includes ten assembly lines worldwide [5][8] Group 5: Sustainable Aviation Initiatives - The A320neo series aircraft is designed to reduce fuel consumption and CO2 emissions by 20% compared to previous generations [6] - Airbus aims for all its aircraft to operate on up to 100% sustainable aviation fuel (SAF) by 2030, highlighting its commitment to sustainability in aviation [6] Group 6: Localization and Global Integration - The delivery of the 800th A320 aircraft signifies China's evolution from a market and component supplier to a core assembly and delivery center in the global aviation manufacturing landscape [8] - This development underscores the quality and efficiency of China's high-end manufacturing system, aligning with international standards in aircraft manufacturing [8]

Market Overview - The Hong Kong stock market showed resilience with a slight increase of 0.12% after a stable influx of funds [1] - The U.S. is increasing pressure on Venezuela, which may tighten oil supply, benefiting companies like Sinopec and Shanghai Petrochemical with stock increases of over 3% and 2% respectively [1] - The U.S. announced a historic $11 billion arms sale to Taiwan, which China strongly opposes, potentially impacting market sentiment [1] Industry Insights - The Hainan Free Trade Port initiative aims to enhance China's openness, benefiting companies like Meilan Airport and Junda Co., with stock increases of around 4% [2] - The aviation sector is experiencing a surge, with Eastern Airlines reporting a passenger load factor of 87.37%, leading to stock increases of over 8% for the company [3] - Kingston's SSD business anticipates a significant shortage of NAND flash memory, which is expected to drive up SSD prices, positively impacting Shanghai Fudan's non-volatile memory business [4] Corporate Developments - MicroPort Medical's merger with CRM Cayman is set to enhance synergies in structural heart disease and arrhythmia management, with stock rising over 7% [5][6] - Sany International reported a 13.9% year-on-year increase in excavator sales, with significant growth in both domestic and export markets, indicating strong performance in the construction machinery sector [9] - The coal industry is encouraged to upgrade to cleaner technologies, benefiting leading companies like China Shenhua and Yanzhou Coal [7][8]

（东航供图） "谢谢你们，在我最难的时候，帮我度过难关。" 12月的严寒中，东航MU2294（喀什—西安）航班的廊 桥口，67岁的刘杏军老人紧紧握住地服人员的手，眼眶泛红。一场因突发丧子之痛而起的紧急出行，在 东航机组、服保团队与地服人员的无缝接力中，化作了冬日里最暖的出行记忆。 哭声揪紧了所有人的心。王维騉立即蹲在旅客身边，飞机起飞后第一时间向责任机长蒋经纬说明情 况："老人年纪大了，候机楼路不熟，要是落地后找不着高铁站，肯定更急，能不能请地面派专人全程 帮他？"蒋经纬没有丝毫犹豫，当即通过卫星电话联系地面签派协调。10分钟后"地面保障已就位"的回 复，让王维騉悬着的心落了地。为了让刘先生落地后能"零耽误"，他又逐一对公务舱旅客、经济舱31- 34排旅客温柔解释请老人优先下机。旅客们异口同声"没问题"，让这份温暖在客舱里悄悄蔓延。 几乎在机组联动地面的同时，东航西北分公司服保经理接到了指挥长的紧急通知，服保经理立即核查航 班信息--确认无直飞航班后，安排地服专人接机，帮他买票、指引，绝不让老人多走一步冤枉路。 14:02，航班稳稳落地。舱门刚开启一条缝，地服值班经理便带着地服员王若晨、吴萌春迎了上来，接 过 ...

2025年是澳门回归祖国26周年，中国东方航空与澳门航空在上海—澳门航线上推出航班互相签转服务。 该举措将为往来沪澳两地的旅客提供更加灵活便捷的出行选择。 据悉，此次双方推出的"互相签转服务"，是指购买了东上航或澳门航空实际承运的"上海—澳门/澳门— 上海"直飞航班机票的旅客，在行程需要调整时，可在原出票渠道申请将航班签转至另一家承运人执飞 的航班(注：特价票等不可变更客票除外，签转时需依原客票规则办理并补足可能的票价差额)。 例如，旅客小李在东航APP预定了东航17:25分从浦东机场飞往澳门机场的MU9991航班，但出发途中遇 到特殊情况晚到机场。由于该航班是东航当天最后一班，小李只能放弃当天行程或退票重买，选择十分 有限。新服务上线后，小李无需放弃行程，只需拨打东航95530服务热线提交变更申请，按规定支付相 应手续费及可能的票价差额，就能便捷签转至同天20:45分起飞的澳门航空NX101航班，从而继续行 程。这是两家航司首次推出全渠道自愿签转服务，能实现客票自由变更执飞日期和班次(客票有效期内 均可变更)，帮助有变更出行需求的旅客守住重要行程。 目前，东上航每周执行上海—澳门往返航班78班，澳门航空每周 ...

目前，东上航每周执行"上海—澳门"往返航班78班，澳门航空每周执行56班。双方已基于该航线现有的 运营规模，建立了相应的服务保障流程与合作机制。未来，双方将持续关注航线运行情况，不断优化服 务流程，为旅客提供更为便捷高效的出行体验。（编辑：张薇，校对：张彤，审核：程凌） 据悉，此次双方推出的"互相签转服务"，是指购买了东上航或澳门航空实际承运的"上海—澳门/澳门— 上海"直飞航班机票的旅客，在行程需要调整时，可在原出票渠道申请将航班签转至另一家承运人执飞 的航班（特价票等不可变更客票除外，签转时需依原客票规则办理并补足可能的票价差额）。 例如，一位旅客在东航App预定了当天东航17：25从浦东机场飞往澳门机场的MU9991航班，但出发途 中遇到特殊情况晚到机场。由于该航班是东航当天最后一班，过去这位旅客只能放弃当天行程或退票重 买，选择十分有限；新服务上线后，旅客无需放弃行程，只需拨打东航95530服务热线提交变更申请， 按规定支付相应手续费及可能的票价差额，就能便捷签转至同天20：45起飞的澳门航空NX101航班，从 而继续行程。这是两家航司首次推出全渠道自愿签转服务，能实现客票自由变更执飞日期和班次(客票 ...

Market Overview - The Hong Kong stock market showed mixed performance, with the Hang Seng Index closing up 0.12% at 25,498.13 points, while the Hang Seng Tech Index fell 0.73% to 5,418.29 points. The total trading volume was HKD 162.38 billion [1] - Huatai Securities noted that the market's downside is manageable, but the upside potential remains limited. Market sentiment indicators are still in a pessimistic range, indicating a bottoming phase [1] Blue-Chip Stocks Performance - Hang Lung Properties (00101) led the blue-chip decline, falling 2.91% to HKD 8.68, contributing to a 0.74-point drop in the Hang Seng Index. The company announced the retirement of CEO Lu Weibao by August 31, 2026 [2] - Other notable blue-chip movements included CSPC Pharmaceutical (01093) rising 6.52% to HKD 8.01, contributing 6.31 points to the index, and Sinopec (00386) increasing 3.37% to HKD 4.6, adding 5.49 points [2] Sector Highlights - The aviation sector saw significant gains, with China Eastern Airlines (00670) up 8.08% to HKD 5.35, driven by improved passenger load factors and ticket prices. The overall industry supply-demand relationship is favorable [3][4] - Coal stocks generally rose, with China Shenhua (01088) increasing 2.29% to HKD 39.34, supported by new government guidelines tightening coal consumption standards [4][5] - Pharmaceutical stocks were active, with CSPC Pharmaceutical (01093) up 6.52% and CanSino Biologics (09966) rising 4.3% after receiving breakthrough therapy designation from the FDA for a new treatment [5][11] Notable Stock Movements - MicroPort Scientific (00853) surged 7.5% to HKD 10.9 following the approval of a strategic merger aimed at enhancing its capabilities in cardiac care [8] - Zhaojin Mining (01818) rose 6.21% to HKD 31.12, benefiting from the discovery of a significant underwater gold mine in Shandong province [9] - CICC (03908) resumed trading with a 2.53% increase to HKD 19.44, following its merger with Dongxing Securities and Xinda Securities, which is expected to significantly boost its asset scale [10]

Market Overview - The Hong Kong stock market showed mixed performance, with the Hang Seng Index closing up 0.12% at 25,498.13 points, while the Hang Seng Tech Index fell 0.73% to 5,418.29 points. The total trading volume was HKD 162.38 billion [1] - Huatai Securities noted that the market's downside is manageable, but the upside potential remains limited. Market sentiment indicators are still in a pessimistic range, indicating a bottoming phase similar to November 2024 [1] Blue-Chip Stocks Performance - Hang Lung Properties (00101) led the blue-chip decline, falling 2.91% to HKD 8.68, contributing to a 0.74-point drop in the Hang Seng Index. The company announced the retirement of CEO Richard Lu by August 31, 2026 [2] - Other notable blue-chip movements included CSPC Pharmaceutical (01093) rising 6.52% to HKD 8.01, contributing 6.31 points to the index, and Sinopec (00386) increasing 3.37% to HKD 4.6, adding 5.49 points [2] Sector Highlights - The aviation sector saw significant gains, with China Eastern Airlines (00670) up 8.08% to HKD 5.35, driven by improved passenger load factors and ticket prices. The overall industry supply-demand relationship is favorable [3][4] - Coal stocks generally rose, with China Shenhua (01088) increasing 2.29% to HKD 39.34, supported by new government guidelines tightening coal consumption standards [4][5] - Pharmaceutical stocks were active, with CSPC Pharmaceutical (01093) up 6.52% and CanSino Biologics (09966) rising 4.3% after receiving breakthrough therapy designation from the FDA for a new treatment [5][11] Notable Stock Movements - MicroPort Scientific (00853) surged 7.5% to HKD 10.9 following the approval of a strategic merger with its subsidiary [8] - Zhaojin Mining (01818) rose 6.21% to HKD 31.12, benefiting from the discovery of a significant underwater gold mine in Shandong [9] - CICC (03908) resumed trading with a 2.53% increase to HKD 19.44 after announcing a merger with Dongxing Securities and Xinda Securities, expected to enhance its asset scale significantly [10]

| 名称 | 最新价 | 涨跌幅 | | --- | --- | --- | | 恒生指数 | 25498.13 | +0.12% | | 800000 | | | | 国企指数 | 8841.51 | -0.02% | | 800100 | | | | 恒生科技指数 | 5418.29 | -0.73% | | 800700 | | | 盘面上，受美股科技股集体下挫影响，港股权重科技股多数表现弱势影响市场情绪，其中，小米跌 2.47%，阿里巴巴跌1.3%，百度、京东飘绿；分析认为四季度航司利润端亏损有望大幅收窄，三大航空 股涨幅明显，中国东方航空大涨8%表现十分抢眼；中金料明年内银股营业收入及纯利按年上升，净息 差压力进一步收窄，内银股普遍上涨；石油股、煤炭股、燃气股等能源板块多数走俏。 另一方面，纸业股、锂电池股、苹果概念股、汽车股、铜业股下跌明显，其中，玖龙纸业跌超8%，锂 电龙头宁德时代跌超3%，新能源车"蔚小理"均走低。(格隆汇) 格隆汇12月18日｜港股三大指数午后拉升回暖，恒生指数尾盘翻红，最终收涨0.12%，国企指数、恒生 科技指数依旧呈现下跌，分别收跌0.02%及0.73%，科指盘中曾跌至1 ...