Core Viewpoint - The article discusses the recent advisory from the Chinese Ministry of Foreign Affairs and Chinese embassies in Japan, urging Chinese citizens to avoid traveling to Japan due to safety concerns, which has led to major Chinese airlines offering free ticket changes and refunds for flights to Japan [5][6]. Group 1: Advisory and Airline Responses - The Chinese Ministry of Foreign Affairs has issued a warning regarding the safety of Chinese citizens in Japan, citing an increase in criminal incidents against them [5][6]. - Major Chinese airlines, including Eastern Airlines, Southern Airlines, and Air China, have implemented free ticket change and refund policies for flights to Japan from November 15 to December 31, 2025 [5][6]. - The advisory has sparked significant discussion on social media about the safety of traveling to Japan [7]. Group 2: Travel Trends and Market Impact - Japan was a popular travel destination for Chinese tourists during the recent National Day holiday, with high demand leading to sold-out flights [7]. - Following the holiday, there has been a notable decline in demand for flights to Japan, with ticket prices dropping below 500 yuan, indicating a shift in market dynamics [7]. - The weekly flight volume from mainland China to Japan has decreased significantly, with a reported 14.5% drop compared to the previous week [9]. Group 3: Shift in Travel Preferences - Due to safety concerns in Thailand, there has been a shift in travel demand towards Japan and South Korea, with airlines potentially reallocating capacity from Japan to other routes [9]. - Spring Airlines reported strong demand for South Korea, while the Japanese market has seen an increase in supply, leading to improved demand-supply dynamics [9]. - The Southeast Asian market is gradually recovering as travelers perceive conventional tourism as having no significant risks [9].

Core Viewpoint - The training conducted by Eastern Airlines Anhui Branch, guided by the Civil Aviation Administration of China Anhui Regulatory Bureau, aims to enhance Crew Resource Management (CRM) capabilities, ensuring flight safety through improved communication and emergency response skills among crew members [1][2][3] Group 1: Training Objectives and Implementation - The CRM training focuses on communication, collaboration, decision-making, and risk control among crew members, which are essential for handling unexpected flight situations and ensuring safety [2] - The Anhui Regulatory Bureau emphasized practical training that aligns with real operational needs, highlighting the core principles of "collaboration, efficiency, and precision" to ensure effective outcomes [2] - The training included theoretical explanations and practical scenarios, enhancing the crew's ability to manage special situations and ensuring a reliable safety guarantee for passengers [1][3] Group 2: Training Content and Execution - The training covered critical topics such as emergency communication protocols, risk control for cabin imbalance, and the mechanisms for triggering emergency broadcasts under various risk levels [2] - Practical exercises were conducted for five typical emergency scenarios, including cabin smoke and in-flight arson, to strengthen collaboration, command transmission, and emergency response capabilities among crew members [2] - Participants expressed their commitment to integrating the training insights with real-world CRM requirements, fostering a culture of safety and responsibility in every flight operation [3] Group 3: Regulatory Oversight and Future Actions - The training represents a concrete measure by the Anhui Regulatory Bureau to enhance safety oversight and ensure that airlines fulfill their safety responsibilities [3] - The Anhui Regulatory Bureau will continue to monitor the implementation of CRM training within the region's airlines, urging companies to refine emergency response plans and conduct regular collaborative drills [3]

（文章来源：新华财经） 新华财经上海11月14日电国际航协消息，中国东方航空公司宣布加入国际航协航班计划数据交互项目 （SDEP）。至此，该计划已涵盖中国四大航空公司——中国国际航空公司、中国东方航空公司、中国 南方航空公司和海南航空公司，标志着该计划在中国市场的推进迈出了重要一步。随着中国四大航空公 司加入航班计划数据交互项目，该项目目前涵盖了中国民航75%以上的运力。 ...

Group 1 - The event "From Shanghai to the World: Exploring New Paths for Global Urban Cultural Empowerment" was successfully held, gathering around 20 experts and leaders from various countries to discuss innovative paths for urban cultural development [1][3] - The conference emphasized "cross-border perspectives" and "multinational perspectives," focusing on how to better integrate Shanghai's narrative into global storytelling [3][6] Group 2 - Keynote speeches addressed urban cultural empowerment from various angles, including international relations, aviation and tourism, and technological archaeology, highlighting the need for global cities to redefine their roles in the context of China's participation in global order [6][9] - The "Aviation+" strategy by China Eastern Airlines was discussed as a means to empower urban culture, including initiatives like the world's first "Aerial Museum" themed flight and the "Shanghai Pass" tourism product [6][9] Group 3 - The discussion included the recovery trends in global tourism and aviation, emphasizing the importance of enhancing international routes and inbound tourism to promote economic prosperity [9][10] - Various case studies were presented, such as integrating cultural elements into international sporting events to enhance global urban cultural narratives [10][11] Group 4 - The event featured immersive cultural visits, allowing participants to experience Shanghai's role as a model city for cultural exchange, providing a reference for global urban cultural development [13][14] - The discussions aimed to inject new vitality into urban cultural innovation and explore practical solutions for cultural development [14]

Investment Rating - The report maintains a positive outlook on cyclical sectors, indicating that quality dividend stocks still have upward potential [1]. Core Insights - The transportation industry showed stable performance in the first three quarters of 2025, with infrastructure sector key stocks meeting expectations, shipping stocks recovering, and express delivery volumes and prices increasing due to anti-involution policies [1][7]. - The report emphasizes the importance of monitoring cyclical sector fundamentals and highlights the potential for further gains in quality dividend stocks [1][7]. Summary by Sections Overview of the Transportation Sector - The overall performance of the transportation industry from the beginning of 2025 to November 10 showed an increase of 8.5%, underperforming compared to the Shanghai and Shenzhen 300 index, which rose by 31.6% [11]. - The logistics sector benefited from anti-involution policies, while infrastructure sectors like highways and railways experienced declines [11]. Highway Sector - In the first three quarters of 2025, highway passenger transport decreased by 2.6% year-on-year, while freight transport increased by 4.1% [16]. - The performance of listed companies varied, with some showing stable toll revenue while others faced declines due to network adjustments and acquisitions [16][17]. Port Sector - National port cargo throughput reached 1.357 billion tons, a year-on-year increase of 4.6%, with container throughput growing by 6.3% [18]. - Key companies like China Merchants Port and Qingdao Port maintained stable performance, while Tangshan Port showed significant recovery in Q3 [18][19]. Railway Sector - Railway passenger volume grew by 6% year-on-year, while freight volume increased by 2.8% [22]. - The report anticipates continued growth in passenger transport, driven by new projects, although freight transport may face challenges due to economic conditions [22]. Shipping Sector - The shipping sector experienced a decline in container shipping rates in the first three quarters, but Q3 showed signs of recovery [25]. - The report forecasts improved performance for oil tanker companies in Q4 and 2026 due to favorable market conditions [28]. Express Delivery Sector - The express delivery industry saw a 17.2% increase in business volume in the first three quarters, although average prices fell by 7.1% [30]. - The report predicts a return to price increases in Q4, driven by anti-involution policies, with overall profitability expected to improve [31]. Logistics Supply Chain Sector - Cross-border air transport demand remained resilient, with a 6.4% year-on-year increase in cross-border e-commerce imports and exports [32]. - The report suggests that contract logistics volumes are expected to stabilize as economic conditions improve [33]. Aviation Sector - The aviation industry reported a 9.1% year-on-year increase in passenger turnover, with domestic routes showing a 4.2% increase [35]. - The report anticipates a significant reduction in losses for the industry in Q4, with a potential for profit recovery in 2026 [36]. Airport Sector - The airport sector experienced a 4.4% year-on-year increase in passenger throughput, with significant growth in international travel [38]. - The report highlights the ongoing recovery in airport operations and profitability due to increased passenger volumes and improved cost management [38].

Core Points - Eastern Airlines has launched the "MU Cabin Steward" APP, which includes an electronic handover module for lost items, aimed at improving the efficiency and accuracy of the item recovery process [1] Group 1: Digital Transformation - The traditional process for handling lost items relied on paper documents, which posed risks of miscommunication and errors during handover [1] - The new electronic handover module was developed collaboratively by the cabin service department, ground service department, and Eastern Airlines Digital Science [1] - The module enables real-time input of lost item information by cabin crew through the MU Cabin Steward APP, enhancing transparency and efficiency in information flow [1] Group 2: Process Improvement - The module features a visual workflow that allows for comprehensive tracking and management across departments, significantly reducing the response time for item handover [1] - Ground service personnel can receive and initiate processing of lost items promptly via the Eastern Airlines APP [1] - The system incorporates automatic flight information integration and intelligent verification technology, creating a digital closed-loop management process for the registration, transfer, and claim of lost items [1]

这一活动是为东方万里行会员开启挑战月活动，前100名达成"报名序位+出行履约"双重条件的会员，可 由东航常旅客系统自动、精准地发放活动专属的积分奖励。 东航数科为大赛开发的系统，实现会员自主报名队列的实时处理，当报名人数达到预设阈值时，模块将 自动激活当月挑战活动。在挑战周期内，模块实时追踪所有报名会员的飞行航段数据，智能筛选达标用 户群体；同时，依托强大的实时计算能力，实现竞赛排名机制的自动化校验、实时化处理与公平化结 算，并实现"任务完成即兑现"的自动化奖励发放。（编辑：张彤 校对：张薇 审核：韩磊） 《中国民航报》、中国民航网 记者钱擘 通讯员周思佚、王兆欣 报道：近日，东航正式推出"攀顶1%大 奖赛"创新营销活动。该活动依托东航常旅客系统，构建新模块打造全新互动平台，标志着东航在业务 敏捷营销与深化用户精细化运营方面迈出关键一步。 ...

Core Viewpoint - China Eastern Airlines is convening its third extraordinary general meeting of shareholders in 2025 on December 2, 2025, to discuss various matters related to the company [1]. Group 1: Meeting Details - The meeting will be held on December 2, 2025, at 14:00 in the Eastern Airlines Hotel, located at 99 Konggang San Road, Changning District, Shanghai [2]. - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's shareholder meeting online voting system [2][5]. - The online voting period is set for December 2, 2025, with specific time slots for trading system voting and internet platform voting [2]. Group 2: Voting Procedures - Shareholders involved in margin trading, transfer financing, and other related accounts must follow the regulations outlined in the Shanghai Stock Exchange's self-regulatory guidelines [3]. - There will be no solicitation of shareholder voting rights for this meeting [4]. - Shareholders can vote through the Shanghai Stock Exchange's online voting system, either via the trading system or the internet platform, with identity verification required for first-time users [6][7]. Group 3: Attendance and Registration - Only shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, after the close of trading on the record date are eligible to attend the meeting [9]. - Shareholders must register for the meeting by providing identification and shareholder account information, with registration open from November 27 to December 1, 2025 [12][12]. - The company will provide a reminder service for small and medium-sized investors to ensure they can participate in the meeting [7].

（在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 姓名 H股持股量 身份證╱護照號碼 股東賬號 通訊地址 聯繫電話 簽署： 日期： 年 月 日 附註： 3. 請附上持股證明文件的複印本。 此回執可採用來函（郵政編號：201100）或傳真（傳真號碼：+86 21 62686116）方式送達公司。 1. 請用正楷書寫中英文全名（股東名冊的登記名字）。 2. 請附上載有 閣下名字及相片的身份證╱護照相關頁數的複印本。 2025 年第三次股東特別大會 回 執 致：中國東方航空股份有限公司（「公司」） 本人╱吾等擬親自╱委託代理人出席公司於2025年12月2日（星期二）下午2時正在中國上海市長寧區空港三路99號 東航大酒店舉行的2025年第三次股東特別大會。 4. 對「親自╱委託代理人」及「身份證╱護照號碼」須作出選擇的欄目，請劃去不適用者。 5. 此回執在填妥及簽署後須於2025年11月27日（星期四）至2025年12月1日（星期一）（以郵寄方式或傳真方式）送交中國上海 市閔行區虹翔三路36號東航之家北區A2棟5樓中國東方航空股份有限公司董事會辦公室的辦公地址，並註明董事會辦公室 收。 ...

日期： 年 月 日 （在中華人民共和國註冊成立的股份有限公司） （股份代號：00670） 附註： 2025 年第三次股東特別大會代表委任表格 本人╱吾等 （附註1） ， H股股東賬號（如適用）： ， 地址： （附註1） ， 持有中國東方航空股份有限公司（「本公司」）H股股票 股 （附註2） ， 作為本公司的股東現委任股東特別大會主席，或， 地址為 （附註3） 為本人╱吾等代表，代表本人╱吾等出席2025年12月2日（星期二）下午2時正在中華人民共和國（「中國」）上海市長 寧區空港三路99號東航大酒店舉行的2025年第三次股東特別大會及其任何續會（「股東特別大會」），並於股東特別大 會代表本人╱吾等，依據下列指示就本公司股東特別大會通告（「該通告」）所列決議案投票，如就任何事項無作出指 示，則由本人╱吾等的代表酌情決定會否及如何投票。 附註： 股東於行使下列決議案投票權前應小心閱讀該通告載列的有關決議案。本文所用詞彙與該通告所界定者具相同涵義。 | | 議案 | （附註4） 贊成 | （附註4） 反對 | 棄權 | （附註4） | | --- | --- | --- | --- | --- | --- | | ...