Group 1 - A passenger on flight MU552 from London to Shanghai lost her mobile phone during the flight, which was discovered missing after she woke up from sleep [1] - The flight crew, despite being fatigued from a long journey, dedicated over 40 minutes to search for the missing phone in various areas around the passenger's seat [1] - The crew utilized a collaborative approach by involving the maintenance department to expand the search area for the phone [1] Group 2 - The missing phone was eventually found in the gap between the cargo hold and the passenger cabin after nearly an hour of searching [2] - The passenger expressed her gratitude, and her accompanying teacher praised the efforts of the Eastern Airlines staff for their persistence in locating the phone [2]

消息面上，7月22日，2025年全国民航年中工作电视电话会议在京召开，民航局局长宋志勇在会议强 调，优化航线网络布局，积极服务扩大内需和对外开放；加快构建民航领域统一大市场，综合整治行 业"内卷式"竞争。此前6月26日，民航局已召开电话会，专题部署民航领域综合整治"内卷式"竞争工 作。此外，据信达证券，7.1-7.22暑运累计旅客量吞吐量9986.4万人次，同比增加3.0%；航班执行量69.1 万架次，同比增加2.5%；国内线客座率84.3%，累计同比增加1.0pct，客座率持续高位。境内航线平均 票价同比减少7.8%，单位座收同比减少7.6%。 信达证券认为，民航局专题部署民航领域综合整治"内卷式"竞争工作，引导行业回归理性竞争、有序发 展，格局有望持续改善。暑运旺季需求持续增长、客座率高位，供需或将改善，有望带动座收回升。看 好座收回升带来的航司利润弹性。国泰海通证券指出，2025年以来，航空供需持续向好，且4-5月航司 收益管理策略初现改善。"反内卷"将减少过度低价，助力收益管理继续改善，加速行业盈利恢复与中枢 上行。同时，"反内卷"有望保障未来行业机队规划继续低速增长。 智通财经APP获悉，航空股表现 ...

Group 1 - On July 24, 17 Hong Kong-listed companies conducted share buybacks, totaling 17.15 million shares and an amount of 16.89 million HKD [1][2] - China Eastern Airlines repurchased 1.5 million shares for 4.44 million HKD, with a highest price of 2.980 HKD and a lowest price of 2.920 HKD, accumulating a total buyback amount of 606 million HKD for the year [1][2] - Mengniu Dairy repurchased 200,000 shares for 3.45 million HKD, with a highest price of 17.300 HKD and a lowest price of 17.240 HKD, accumulating a total buyback amount of 242 million HKD for the year [1][2] Group 2 - IGG repurchased 560,000 shares for 2.40 million HKD, with a highest price of 4.310 HKD and a lowest price of 4.260 HKD, accumulating a total buyback amount of 56.65 million HKD for the year [1][2] - The highest buyback amount on July 24 was from China Eastern Airlines at 4.44 million HKD, followed by Mengniu Dairy at 3.45 million HKD [1][2] - The largest number of shares repurchased on July 24 was by Ying Group, with a buyback of 5.5 million shares, followed by China Electric Power and Shoujia Technology [1][2]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國東方航空股份有限公司 呈交日期： 2025年7月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00670 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關 ...

Summary of Key Points Core Viewpoint - On July 23, 21 Hong Kong-listed companies conducted share buybacks, totaling 20.97 million shares and an aggregate amount of HKD 44.00 million [1][2]. Group 1: Buyback Details - VITASOY INT'L repurchased 1.402 million shares for HKD 12.98 million, with a highest price of HKD 9.260 and a lowest price of HKD 9.230, accumulating HKD 151.00 million in buybacks for the year [1][2]. - China Eastern Airlines repurchased 2.50 million shares for HKD 7.32 million, with a highest price of HKD 2.970 and a lowest price of HKD 2.900, totaling HKD 601.30 million in buybacks for the year [1][2]. - China Feihe repurchased 1.00 million shares for HKD 4.70 million, with a highest price of HKD 4.700, accumulating HKD 93.00 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on July 23 was from VITASOY INT'L at HKD 12.98 million, followed by China Eastern Airlines at HKD 7.32 million [1][2]. - In terms of share quantity, the most shares repurchased were by Shoujia Technology at 7.40 million shares, followed by China Eastern Airlines at 2.50 million shares [1][2].

呈交日期： 2025年7月23日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國東方航空股份有限公司 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | H 股份類別 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00670 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | 已發行股份（不包括庫存股份）變動 | 佔有關事件前的現有已發 | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不 ...

Core Viewpoint - The article discusses the increasing popularity of travel from Shanghai to Japan, highlighting the convenience, affordability, and positive experiences that drive this trend. Group 1: Flight Connectivity - Shanghai now has direct flights to 20 cities in Japan, with Eastern Airlines leading in expanding routes, operating 37 routes and approximately 50 flights daily [5][4][21] - The recent addition of the Kumamoto route and the revival of the Matsuyama route demonstrate the growing demand for travel to Japan [5][22] - The article notes that the flight time from Shanghai to various Japanese cities is often shorter than domestic travel times within China [11][12] Group 2: Travel Experience and Costs - The article emphasizes the affordability of flights, with prices dropping significantly, sometimes even lower than domestic travel costs [13][14] - The experience of traveling in Japan is highlighted as being more pleasant due to factors like uniform pricing and a sense of safety, which contrasts with domestic travel experiences [17][18] - The article mentions that the cost of travel to Japan has become more attractive due to the depreciation of the Japanese yen against the Chinese yuan, making it feel like a discount for travelers [27][28] Group 3: Visa Policies and Economic Factors - Recent changes in Japan's visa policies have made it easier for Shanghai residents to obtain visas, further encouraging travel [24][26] - The article suggests that as long as economic conditions remain stable, the trend of "weekend trips to Japan" will continue [30][31] - The competition from South Korea, which is also easing visa restrictions and promoting low-cost travel, could impact the travel preferences of Shanghai residents [32][33]

Core Viewpoint - The aviation sector in Hong Kong and mainland China is experiencing a positive performance, with significant stock price increases for major airlines, while the industry is also addressing challenges related to competition and profitability [1][5][6]. Group 1: Stock Performance - Hong Kong aviation stocks showed active performance, with China National Aviation rising by 6.25%, China Southern Airlines and China Eastern Airlines increasing by over 3%, and Cathay Pacific rising by 0.17% [1]. - In the A-share market, Huaxia Airlines rose over 4%, while China National Aviation and Juneyao Airlines increased by over 3% [2]. Group 2: Industry Developments - The Civil Aviation Administration of China (CAAC) held a meeting on July 22, 2025, outlining nine requirements to enhance the aviation sector, including the establishment of a unified market and addressing "involution" competition [3][4]. - In the first half of the year, the aviation industry achieved a total transport turnover of 783.5 billion ton-kilometers and a passenger transport volume of 37 million, marking year-on-year growth of 11.4% and 6% respectively [3]. Group 3: Financial Performance of Airlines - Major state-owned airlines are expected to report significant losses for the first half of 2025, with China Eastern Airlines projecting a net loss of 1.2 to 1.6 billion yuan, China Southern Airlines expecting a loss of 1.338 to 1.756 billion yuan, and China National Aviation forecasting a loss of 1.7 to 2.2 billion yuan [6][8]. - In contrast, Huaxia Airlines anticipates a net profit of 220 to 290 million yuan, reflecting a year-on-year increase of 741% to 1009% [9]. Group 4: Market Recovery and Future Outlook - The international flight recovery remains slow, with only 84% of pre-pandemic levels restored by 2024, and 88% by the first half of 2025, impacting the profitability of major state-owned airlines [8][10]. - The aviation industry is projected to benefit from the "anti-involution" policies, which may stabilize ticket prices and improve revenue management strategies, potentially leading to a recovery in profitability [14][15].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國東方航空股份有限公司 呈交日期： 2025年7月22日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00670 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關 ...

Core Viewpoint - The article highlights a significant operational error by China Eastern Airlines (CEA) during a peak travel period, which resulted in a flight returning to its departure airport due to a maintenance oversight regarding the landing gear safety pin [2][5][6]. Group 1: Incident Details - On July 20, CEA's MU735 flight from Shanghai to Sydney experienced a delay of nearly 4 hours after returning to Shanghai due to circling over the East China Sea and subsequently landing back at Pudong Airport [2][5]. - The flight, which covers a distance of approximately 7,879 kilometers, typically has a flight duration of around 10 hours and 20 minutes [2]. - The incident was attributed to a failure to remove the landing gear safety pin, a critical safety measure before takeoff [5][6]. Group 2: Safety Protocols - The landing gear safety pin is an essential safety device that prevents the landing gear from retracting unexpectedly during flight, similar to a handbrake in a car [7]. - CEA's maintenance protocols include a pre-flight checklist that mandates the removal of the landing gear safety pin, tire pressure checks, and other safety inspections [7]. - The oversight in this incident could lead to severe consequences for the responsible maintenance personnel, as safety is a non-negotiable aspect of aviation operations [6]. Group 3: Industry Context - The incident occurred during the busy summer travel season, a critical period for airlines, which often leads to increased operational pressures and potential for errors [9][10]. - CEA has been actively increasing its flight capacity during this peak season, with plans to operate over 3,200 flights daily, reflecting a 5% increase compared to the previous year [9][10]. - The airline has also announced the opening of 38 new domestic routes and additional international flights to meet rising travel demand [10]. Group 4: Financial Outlook - CEA has projected a significant financial loss for the first half of 2025, estimating losses between 1.2 billion to 1.6 billion yuan [11].