Group 1 - The core activity of Eastern Airlines Gansu Branch on February 16, 2026, is the "Cloud New Year's Eve" event, designed to create a unique experience for passengers during the Lunar New Year [1] - Flight attendants wore distinctive uniforms and presented New Year blessings to passengers, enhancing the festive atmosphere [2] - The "Cloud New Year's Eve" event included interactive segments that allowed passengers and crew to share memorable moments together, contributing to a warm and joyful flying experience [2]

Core Viewpoint - The article highlights the dedication and responsibility of airline ground staff, particularly focusing on the role of a driver, Jiang Peifeng, who ensures that flight crews are safely transported to their aircraft during the busy Spring Festival travel period [4][5]. Group 1: Employee Dedication - Jiang Peifeng, a 50-year-old driver for Eastern Airlines, has been working on New Year's Eve for many years, showcasing his commitment to his role [4]. - He wakes up early to ensure that flight crews do not have to wait for him, reflecting a strong sense of responsibility [4]. - The interactions between Jiang and the flight crews are warm and friendly, contributing to a positive work environment [4][5]. Group 2: Operational Efficiency - Jiang drives a specific route multiple times a day, ensuring timely transportation of flight crews to their designated aircraft [5]. - The driving conditions on the tarmac require careful observation and adherence to safety protocols, as there are no traffic lights [5]. - The introduction of new energy vehicles has improved operational efficiency, allowing for the transportation of larger groups of crew members with fewer vehicles [5]. Group 3: Workplace Improvements - The workplace has recently moved to a new building closer to the tarmac, enhancing the working environment for staff [5]. - The fleet has been updated with several new energy vehicles, which are more spacious and capable of accommodating larger crews [5].

Core Viewpoint - China Eastern Airlines Corporation Limited has announced the issuance of its first tranche of medium-term notes for 2025, with a total issuance amount of 2 billion yuan [1] Group 1: Bond Details - The bond is referred to as "25东航股MTN001" and has a bond code of 102580807 [1] - The interest rate for this bond is set at 1.89% for the current interest period [1] - The interest payment date is scheduled for February 26, 2026, with provisions for postponement in case of public holidays [1] Group 2: Payment Method - The payment of interest will be managed through the China Central Depository & Clearing Co., Ltd., where the issuer will transfer funds to a designated account [1] - Subsequently, the clearing house will distribute the funds to the bondholders' accounts [1] Group 3: Underwriting Information - The lead underwriter for this bond issuance is CITIC Bank Corporation Limited [1]

Market Overview - The Hang Seng Index opened down 0.25% at 26,501.2 points, while the Hang Seng Tech Index fell 0.19% to 5,350.25 points, and the National Enterprises Index decreased by 0.08% to 9,025.6 points [1] - Major tech stocks experienced declines, with Alibaba down 1.8%, Tencent down 0.38%, and JD.com down 0.85%. However, Netease saw an increase of 1.83% [3][4] Industry Insights - Huatai Securities reported that the Hong Kong market experienced fluctuations last week, driven by global "reflation" trades and upgrades in AI domestic applications, leading to rebounds in resource products and certain software sectors. However, concerns over the intensifying competition among e-commerce giants suppressed the performance of heavyweight stocks [3] - The market remains volatile, with key factors influencing it being US stock performance, consumer activity during the Spring Festival, and advancements in AI technology [3] Regulatory News - The State Administration for Market Regulation held discussions with major platform companies including Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao, emphasizing compliance with various laws and regulations to enhance promotional practices [5] Company Developments - Qunhe Technology received approval from the China Securities Regulatory Commission for overseas issuance and listing, planning to issue up to approximately 312 million shares in Hong Kong, marking a significant step for the company [6] - China Merchants Energy signed shipbuilding contracts for one ethylene ship and eighteen oil tankers, totaling RMB 7.882 billion [7] - China Shenhua reported coal sales of 33.2 million tons in January, a year-on-year increase of 9.9%, and total electricity sales of 20.96 billion kWh, up 34.4% year-on-year [7] - China Southern Airlines saw a 1.1% decrease in passenger capacity and a 2.86% decline in passenger turnover in January, with a seat load factor of 83.26%, down 1.51 percentage points year-on-year [7] - China Eastern Airlines reported a 3.54% decrease in passenger capacity and a 1.03% decline in passenger turnover, with a seat load factor of 85.01%, up 2.16 percentage points year-on-year [7] - Huizhong Network completed the acquisition of a 25% stake in Jintongling, advancing its "production and sales integration" strategy [7] Performance Metrics - China General Nuclear Power completed 1,647.8 GWh of electricity generation in January, a year-on-year increase of 7.9% [8] - R&F Properties reported a contract sales revenue of approximately RMB 720 million in January, down 8.05% year-on-year [9] - Hopson Development Group recorded a contract sales amount of approximately RMB 591 million in January, a year-on-year increase of 24.95% [10] - Kaisa Group reported contract sales of RMB 325 million in January, down 35.3% year-on-year [11] - Jianye Real Estate reported contract sales of RMB 398 million in January, a year-on-year decrease of 31.1% [12] - Shanghai Fudan projected total revenue of approximately RMB 3.982 billion for 2025, a year-on-year increase of 10.92%, but a net profit decrease of 59.42% [12] - Ruian Real Estate issued a profit warning, expecting a net loss of between RMB 1.7 billion and 1.8 billion for the 2025 fiscal year [12]

Core Viewpoint - China Eastern Airlines (600115.SH) reported a decrease in passenger capacity and turnover for January 2026, while cargo turnover showed an increase [1] Group 1: Passenger Operations - The passenger capacity input (measured in available seat kilometers) for January 2026 decreased by 3.54% year-on-year [1] - The passenger turnover (measured in revenue passenger kilometers) for January 2026 decreased by 1.03% year-on-year [1] - The passenger load factor was 85.01%, which represents an increase of 2.16 percentage points year-on-year [1] Group 2: Cargo Operations - The cargo and mail turnover (measured in cargo mail ton kilometers) for January 2026 increased by 8.33% year-on-year [1] Group 3: Fleet Status - No new aircraft were introduced in January 2026, and one B737 series aircraft was retired [1] - As of the end of January 2026, the company operated a total of 825 aircraft [1]

Investment Rating - The report assigns an "Accumulate" rating for the aviation industry [5]. Core Insights - The demand for civil aviation during the 2026 Spring Festival is expected to be strong, with limited additional flights, leading to a gradual narrowing of passenger growth rates. Ticket prices are anticipated to continue rising year-on-year during and after the holiday period. Coupled with lower oil prices, airline profitability is expected to improve significantly compared to the previous year [3][4]. Summary by Sections Industry Overview - The 2026 Spring Festival travel season officially began on February 2, with strong demand expected to set a new historical high for passenger flow. As of February 12, the overall flow of people increased by 2.3% year-on-year, with aviation leading at a growth rate of 5.4% [5][6]. Passenger Flow Analysis - Passenger flow for various transportation modes showed the following year-on-year growth rates: aviation at 5.4%, rail at 2.6%, and road at 2.2%. The first week of travel was impacted by adverse weather, but recovery was noted in the second week as conditions improved [5][6][8]. Airline Performance - Daily average passenger volume for civil aviation reached approximately 2.36 million, with a year-on-year increase of 5.4%. The growth rate is in line with expectations, although the limited number of additional flights may lead to a slight decrease in growth rates as the holiday approaches [5][8]. Ticket Pricing Trends - The report estimates that domestic load factors increased by about 1 percentage point year-on-year, with ticket prices (excluding fuel surcharges) rising by approximately 1-2%. Despite a 13% year-on-year decrease in jet fuel prices, the net ticket prices are expected to rise, indicating an improvement in airline gross margins [5][8]. Future Outlook - The report anticipates a "super cycle" for the Chinese aviation industry, driven by sustained demand growth and a shift towards market-driven pricing. The upcoming peak season is expected to significantly enhance airline profitability, with the first quarter of 2026 likely to see industry-wide profitability [5][8]. Recommended Stocks - The report recommends accumulating shares of key airlines, including Air China, Juneyao Airlines, China Eastern Airlines, China Southern Airlines, and Spring Airlines, based on their expected performance and market conditions [5][13].

《中国民航报》、中国民航网 记者钱擘 通讯员贾宁卿 报道：2026年2月12日，农历腊月二十五，正值 春运客流高峰期。在MU6282"呼和浩特—兰州"航班上，东航甘肃分公司机组成员见证并参与了一场关 于亲情与感恩的温暖接力。 旅客们开始有序登机时，公务舱金卡旅客苏女士递给乘务员一本飞行日志。在不违反航空安全规定的前 提下，飞行机组认真阅读并为其填写了相关内容。当航班乘务长准备将日志交还给苏女士时，日志中一 段深情的文字引起了她的注意—— 原来，当天是苏女士母亲的生日。她在日志中写道，由于平日工作繁忙，早年在经济条件有限时，只能 在母亲生日时通过电话送去问候。经过多年努力打拼，如今事业有成的她，特意选择搭乘最快的航班实 现当天往返，只为能陪在母亲身边，亲手送上自己精心定制的蛋糕，作为生日惊喜。 苏女士给东航乘务组成员写下致谢文字（东航甘肃分公司供图） 当这份满载着敬意与祝福的礼物送到苏女士手中时，她激动不已。苏女士表示，在这个冬日里，乘务组 的服务如同暖阳一般，照亮了她的归途，温暖了她和家人的心，并为热心的东航人写下致谢文字。（编 辑：张薇，校对：张彤，审核：程凌） 了解到苏女士这份跨越千里的心意后，乘务组全体 ...

2014 年接机合影，左一为东航飞行员谢成光 B-1836飞机是东航浙江分公司的首架空客A320鲨鳍小翼飞机，十二年中，它累计安全飞行36177小时、 起落16170架次。十二年的岁月同行，这架飞机也从机务维修人员口中的"那架新来的"变成了"老伙 计"。接下来，负责B-1836飞机接机的工作人员将完成数百项检查、维修、记录整理，确保飞机以良好 状态交还。（编辑：陈虹莹 校对：李佳洹 审核：程凌） 2026 年退租合影，左二为东航飞行员谢成光（本文图片均由东航浙江分公司提供） 《中国民航报》、中国民航网 记者赵瑜 通讯员韩伟、郑雨婷报道: 2月12日凌晨，东航浙江分公司机长 谢成光驾驶编号为B-1836的飞机，平稳降落在马来西亚苏邦国际机场，这是B-1836飞机在东航浙江分公 司服役的最后一段航程。 十二年前，谢成光作为该飞机的接机飞行员，从欧洲将这架崭新的B-1836飞机接到中国来，如今由他执 行这架飞机退租前的最后一班调机任务。在他心里，彼时是"迎新"的期待，此刻是"退租"的不舍。从迎 接飞机到告别飞机，也伴随着飞行员谢成光从青涩到成熟的成长道路，同一架飞机与同一名飞行员是相 伴十二年的"蓝天同路人"。当年 ...

Company News - China Power (02380.HK) signed three independent general contracting agreements with State Nuclear Power Technology Corporation and Shandong Institute, involving a total investment of 768 million yuan [1] - Huitongda Network (09878.HK) completed the acquisition of a 25% stake in Jintongling (300091.SZ), accelerating the implementation of its "integrated production and sales" strategy [1] - CGN New Energy (01811.HK) reported a power generation of 1,647.8 GWh in January, an increase of 7.9% year-on-year [1] - R&F Properties (02777.HK) recorded a contract sales revenue of approximately 720 million yuan in January, a decrease of 8.05% year-on-year [1] - Hopson Development (00754.HK) reported a contract sales amount of approximately 591 million yuan in January, an increase of 24.95% year-on-year [1] - Aoyuan Group (01813.HK) reported contract sales of 325 million yuan in January, a decrease of 35.3% year-on-year [1] - Jianye Real Estate (00832.HK) reported a contract sales amount of 398 million yuan in January, a decrease of 31.1% year-on-year [1] Financial Performance - Shanghai Fudan (01385.HK) projected total revenue of approximately 3.982 billion yuan for 2025, a year-on-year increase of 10.92%, while net profit is expected to be around 232 million yuan, a decrease of 59.42% year-on-year [2] - Ruian Real Estate (00272.HK) issued a profit warning, expecting a net loss attributable to shareholders between 1.7 billion yuan and 1.8 billion yuan for the 2025 fiscal year [2] - YTO Express (06123.HK) issued a profit warning, anticipating a net loss of approximately 145 million to 154 million HKD for the 2025 fiscal year [3] - Baisheng Group (03368.HK) issued a profit warning, expecting a net loss attributable to shareholders of approximately 186 million yuan for the 2025 fiscal year [3] - IFBH (06603.HK) expects a year-on-year decrease in net profit of approximately 27% to 32% for 2025 [4] Strategic Developments - Yingxing Holdings (01440.HK) is exploring the establishment of its AI infrastructure and Software as a Service (SaaS) capabilities to support its AI-driven business plans [5] - Yinger International (08379.HK) has decided to focus on new business in artificial intelligence and industrial digital transformation, concentrating on technology research and commercial applications in the field of digital finance [5] - Samsonite (01910.HK) is seeking shareholder approval for a dual listing share issuance authorization [5] Buyback Activities - Xiaomi Group-W (01810.HK) repurchased 2.7 million shares for a total of approximately 98.36 million HKD, with a buyback price ranging from 36.30 to 36.48 HKD [6] - Geely Automobile (00175.HK) repurchased 1.595 million shares for approximately 26.91 million HKD, with a buyback price ranging from 16.71 to 16.98 HKD [6] - NetEase Cloud Music (09899.HK) repurchased 92,000 shares for approximately 14.96 million HKD, with a buyback price ranging from 160.3 to 166.5 HKD [6] - Kingsoft (03888.HK) repurchased 725,000 shares for approximately 19.99 million HKD, with a buyback price ranging from 27.38 to 27.76 HKD [6] Industry Performance - China Shenhua (01088.HK) reported coal sales of 33.2 million tons in January, an increase of 9.9% year-on-year, and total electricity sales of 20.96 billion kWh, an increase of 34.4% year-on-year [7] - China Southern Airlines (01055.HK) reported a year-on-year decrease of 1.10% in passenger capacity input and a decrease of 2.86% in passenger turnover, with a seat occupancy rate of 83.26%, down 1.51 percentage points year-on-year [7] - China Eastern Airlines (00670.HK) reported a year-on-year decrease of 3.54% in passenger capacity input and a decrease of 1.03% in passenger turnover, with a seat occupancy rate of 85.01%, up 2.16 percentage points year-on-year [7]

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，概不對因本公告全部或任何部分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。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 海外監管公告 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列中國東方航空股份有限公司在上海證券交易所網站刊登的以下資料中文全文，僅供參 閱： 2026年2月13日 於本公告日期，本公司董事包括王志清（董事長）、高飛（副董事長、總經理）、成國偉（董事）、孫錚（獨立非執行董 事）、陸雄文（獨立非執行董事）、羅群（獨立非執行董事）、馮詠儀（獨立非執行董事）、鄭洪峰（獨立非執行董事）及 揭小清（職工董事）。 债券代码:175802. SH 债券简称:21 东航 01 中国东方航空股份有限公司 2021 年公开发行公司债券(第一 期)(品种一)2026年债券回售实施结果公告 一、本期债券回售登记情况如下: 1、债券代码:175802. SH 2、债券简称:21 东航 01 承董事會命 中國東方航空股份有限公 ...