中国民航网 通讯员杜静波、王本 报道：1月15日，中国航信跨航司签转自动化功能在澳门航空正式上 线，并顺利完成客票跨航空公司签转业务办理，为深化民航跨航司服务协同提供了高效解决方案。 恰逢春运保障关键节点，中国航信跨航司签转自动化功能的及时投产，为旅客畅通出行筑牢了服务保障 防线，也为民航业在出行高峰期提升服务质量、优化服务体验提供了有力支撑。 未来，中国航信将持续优化航空"一体化"签转能力，进一步丰富航空公司签转规则配置维度，助力航空 公司完善签转服务线上线下全场景自动化处理流程，以更成熟的签转服务体系为民航高质量发展持续注 入力量。（编辑：张薇，校对：李季威，审核：韩磊） 此次该功能在澳门航空成功落地，不仅验证了功能的有效性，同时构建形成了可面向航空公司通用推广 的跨航司签转业务模式，即通过定制化规则配置、全流程自动校验的技术能力，能够快速适配不同航空 公司、不同航线的协作需求，为后续向全国航空公司规模化推广奠定坚实基础。 跨航司签转自动化是中国航信为解决航空公司跨航司签转流程繁琐、依赖人工的行业痛点推出的新功 能，该功能以自动退改签功能为技术底座，新增跨航司签转规则管理、客票使用条件自动校验两大核心 能 ...

#斯塔默说对中国视而不见不明智#【#斯塔默访华先把合作谈下来再说#】英国首相斯塔默正式访华，一 直停留到1月31日。斯塔默此行是明显以经济议题为核心的高规格访问。如果说过去几年中英关系呈现 出"政治先行、经济退位"的特征，那么这次更像是一次"经济先行、政治降噪"的重新排序。为什么这么 说？第一，时间点很不一般。这是英国首相时隔八年再访中国。八年前是特雷莎·梅，那还是"中英黄金 时代"的尾声。后来中英关系一路降温。现在斯塔默上台半年，就把访华提上日程，本身就是一个方向 性选择。第二，看随行名单，比看表态更真实。斯塔默此行将前往北京和上海，随行人员包括财政大臣 里夫斯、商业贸易大臣凯尔、国家安全事务顾问鲍威尔。企业这边，汇丰、渣打、阿斯利康、捷豹路 虎、施罗德和伦敦证券交易所集团等多名重量级企业高管，全是"压箱底"的牌。一言以蔽之，这是政府 在为资本和市场重建通往中国的通道。第三，英国真的很缺增长。脱欧之后，英国经济一直没缓过来。 财政有220亿英镑缺口，产业老化，新产业又没接上。而中国，是英国第五大贸易伙伴，双边贸易额近 千亿英镑。斯塔默自己说得很直白："中国是全球第二大经济体，视而不见是不明智的。"第四，这次 ...

1月29日，中国航空运输协会财务金融审计标准化技术委员会发布通知，就《公共航空运输企业航班预 留座位规则 （征求意见稿）》征求意见。 中国航空运输协会表示，近年来，随着航空出行需求持续增长，旅客对"美好出行"向往加强，对个性 化、定制化服务需求日益增多，座位选择服务体验已受到广大旅客的高度关注。在实际运营中，部分航 空公司在国际航线选座服务中存在较大差异，旅客在选择中难以识别，导致旅客权益保障不足、服务体 验参差不齐。为保障旅客合法权益，进一步规范预留座位行为，同时考虑企业合理经营情况，拟通过设 立团体标准引导行业规范有序开展预留座位服务。同时，在实践中发现，国内航线亦存在类似问题，急 需规范。因此，本标准在原定仅覆盖国际航线的基础上，扩展至涵盖国内航线，以实现标准全覆盖，为 国内规则与世界接轨奠定基础。 本标准拟定参照了现行多家航空公司预留座位数据。按照常旅客与普通旅客选座行为分析，充分考量线 上线下实际业务需求，确保各项比例、时限设定科学合理，具备可操作性。同时，大幅减少航司预留座 位的数量，提供更多的免费座位为普通旅客选择。 其中规定，国内航班免费可选座位比例最低70%，国际及地区航班免费可选座位比例不 ...

格隆汇1月23日丨*ST岩石(600696.SH)公布，公司预计2025年度实现营业收入为4,800.00万元至6,000.00 万元、扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入为4,500.00万元至5,700.00 万元、利润总额为-24,000.00万元至-30,000.00万元、归属于上市公司股东的净利润为-18,000.00万元 至-25,000.00万元、归属于上市公司股东的扣除非经常性损益后的净利润为-13,000.00万元至-18,000.00万 元、归属于上市公司股东的净资产为15,000.00万元至22,000.00万元。 公司预计2025年度实现归属于上市公司股东的扣除非经常性损益前后的净利润均为负值，且扣除与主营 业务无关的业务收入和不具备商业实质的收入后的营业收入低于3亿元。根据《上海证券交易所股票上 市规则》，公司股票将因触及财务类退市情形被终止上市。 ...

Market Overview - The A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 4165.29 points, up 1.09%. The Shenzhen Component Index increased by 1.75%, and the ChiNext Index rose by 1.82%. The total market turnover reached 3.64 trillion yuan, an increase of over 490 billion yuan compared to the previous trading day, with more than 4100 stocks closing higher [1]. Historical Highs - A total of 185 stocks reached their historical closing highs today, excluding newly listed stocks from the past year. The defense, machinery, and electronics sectors had a significant concentration of stocks hitting new highs, with 28, 27, and 24 stocks respectively. The average price increase for these stocks was 9.28%, with notable gainers including Tianrun Technology, Zhongcheng Technology, and Xingtou Measurement Control, all hitting the daily limit [2]. Top Gainers - Key stocks that saw significant price increases include: - Tianrun Technology: 34.93 yuan, up 30.00% - Zhongcheng Technology: 41.60 yuan, up 30.00% - Xingtou Measurement Control: 130.16 yuan, up 29.99% - Tianli Composite: 119.99 yuan, up 24.96% - Fujida: 56.00 yuan, up 21.74% [3][4]. Institutional Activity - In the market, 20 stocks were net bought by institutions, with 22 stocks net sold. The top net buy was Shanzi Gaoke, with an amount of 484.2 million yuan, followed by Leike Defense at 235 million yuan. On the sell side, Kunlun Wanwei saw the highest net sell at 536 million yuan [5][6]. Northbound Capital - Northbound funds saw net purchases in 13 stocks, with Shanzi Gaoke leading at 532 million yuan. Other notable net buys included BlueFocus and Yanshan Technology, both exceeding 250 million yuan. Conversely, Kunlun Wanwei had the highest net sell at 250 million yuan, despite its stock hitting the daily limit [7][8]. Company Announcements - *ST Yanshi (600696)*: Expected to have an operating income of less than 300 million yuan in 2025, with both net profits before and after deductions being negative, leading to potential delisting [10]. - Honor Biologics signed a licensing agreement with AbbVie, potentially receiving up to 4.95 billion USD in milestone payments [10]. - BlueFocus reported that AI-driven revenue constitutes a small portion of its overall revenue [15].

Core Viewpoint - The company *ST Yanshi (600696) is facing potential delisting due to triggering the delisting red line, with a projected revenue of less than 300 million yuan for 2025 and negative net profits, marking it as the first A-share stock expected to be forcibly delisted this year [1][4]. Financial Performance - For the first three quarters of 2025, *ST Yanshi reported a total revenue of 34.76 million yuan and a net loss of 112 million yuan [4]. - The stock price has seen a dramatic decline, with a single-quarter drop of 50.51% in Q4 2025, following heightened delisting risk expectations [4]. Market Reactions - The stock experienced a three-day limit-up rally from January 8 to January 12, 2026, driven by market speculation about a potential restructuring, but subsequently fell to a limit-down on January 12, closing at 3.04 yuan per share, a drop of over 94% from its historical high of 51.66 yuan [4][10]. Brand and Legal Issues - The company lost the "Guijiu" trademark due to a legal dispute, necessitating a complete rebranding, which could severely impact sales [10]. - Ongoing legal issues, including contract disputes and the criminal measures against the actual controller, have hindered restructuring efforts [10]. Shareholder Information - As of September 30, 2025, the company had a total of 25,525 shareholders [7]. Strategic Outlook - The company is reportedly seeking strategic investors and optimizing its resources, but the actual controller's legal troubles pose significant challenges to any potential restructuring [10].

Core Viewpoint - *ST岩石 is facing a potential delisting warning due to projected financial difficulties, with expected revenue for 2025 falling below 300 million yuan and negative profit figures [1][4]. Financial Performance - For the first three quarters of 2025, *ST岩石 reported cumulative revenue of 34.76 million yuan and a net profit attributable to shareholders of -112 million yuan [4]. - In 2021, the company achieved revenue of 603 million yuan and a net profit of 61.93 million yuan, while in 2022, revenue exceeded 1 billion yuan [4]. - The company experienced significant growth in 2023, with revenue surpassing 1.6 billion yuan and a net profit exceeding 87 million yuan [4]. - However, in 2024, revenue drastically declined to 285 million yuan due to a drop in white liquor sales [4]. Audit and Compliance Issues - The 2024 financial report received a qualified opinion from the auditing firm, citing major uncertainties regarding the company's ability to continue as a going concern [5]. - The audit report highlighted issues such as significant declines in revenue, negative operating cash flow, and a current ratio indicating that current liabilities exceed current assets [5]. - The company is currently undergoing an audit process, and the resolution of the issues raised in the qualified opinion remains uncertain [5][6]. Management and Operational Challenges - The company has faced operational challenges, including staff reductions and halted production and construction activities due to financial constraints [5]. - The actual controller of *ST岩石, 韩啸, has been subjected to criminal measures due to allegations of illegal fundraising related to 海银财富管理有限公司 [6]. Market Reaction - Despite the looming delisting warning and operational issues, *ST岩石's stock experienced a limit-up on January 12, with a market capitalization of approximately 1.1 billion yuan [6].

Market Overview - The A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 4165.29 points, up by 1.09% [1] - The total market turnover reached 3.64 trillion yuan, an increase of over 490 billion yuan compared to the previous trading day, with more than 4100 stocks closing higher [1] Sector Performance - The Sora concept led the gains, with stocks like Yidian Tianxia and Zhongwen Online hitting the daily limit [1] - Other rising concepts included MLOps, AI corpus, and Zhipu AI, while sectors such as insurance, oil and gas extraction and services, and agricultural chemicals saw declines [1] Historical Highs - A total of 185 stocks reached historical closing highs, with significant concentrations in the defense, machinery, and electronics sectors, recording 28, 27, and 24 stocks respectively [2] - The average price increase for stocks reaching historical highs was 9.28%, with notable gainers including Tianrun Technology, Zhongcheng Technology, and Xingtou Measurement Control [2] Institutional Activity - In the Dragon and Tiger list, 20 stocks were net bought, with 22 stocks net sold; 17 stocks had net purchases exceeding 10 million yuan, led by Shanzi Gaoke with 484 million yuan [5] - The top net selling stock was Kunlun Wanwei, with a net sell amount of 536 million yuan [5] Notable Stocks - Stocks like Tianrun Technology and Xingtou Measurement Control saw significant daily increases of 30% and 29.99% respectively, while other notable gainers included Tianli Composite and Fujida [3][4] - The net buying activity from institutions included stocks such as Zhongke Xingtou and Bolite, with net purchases of 186.5 million yuan and 127.68 million yuan respectively [6] Announcements - *ST Yanshi is expected to have an operating income of less than 300 million yuan in 2025, leading to potential delisting due to financial issues [11] - Rongchang Bio signed a licensing agreement with AbbVie, potentially earning up to 4.95 billion USD in milestone payments [11]

Core Viewpoint - *ST Rock (600696) has announced a projected loss for the fiscal year 2025, which may lead to the termination of its stock listing due to financial criteria [2][4]. Group 1: Financial Performance - The company anticipates that its operating revenue for 2025 will be below 300 million yuan, with either total profit, net profit, or net profit after deducting non-recurring gains and losses expected to be negative [2]. - The 2024 financial report received a qualified audit opinion from Zhongxing Caiguanghua Accounting Firm, indicating significant uncertainties regarding the company's ability to continue as a going concern [4]. Group 2: Stock Listing Risks - If the 2025 financial report receives a qualified opinion, or if there are negative opinions on internal controls, the company's stock may be delisted due to financial criteria [4]. - The company's stock has experienced three consecutive trading limit increases, and it has issued a notice regarding abnormal stock trading fluctuations [4]. Group 3: Shareholder Issues - The controlling shareholder, Shanghai Guijiu Enterprise Development Co., Ltd., and its concerted parties have had a total of 216,740,245 shares judicially frozen, representing 64.80% of the company's total share capital [4].

Core Viewpoint - *ST Rock (600696) has announced a preliminary forecast indicating a significant decline in revenue and potential delisting due to financial issues in 2025 [2][4]. Financial Performance - The company expects its 2025 annual revenue to be below 300 million yuan, with total profit, net profit, or net profit after deducting non-recurring gains and losses expected to be negative [2]. - The 2024 financial report received a qualified opinion from the auditing firm, indicating major uncertainties regarding the company's ability to continue as a going concern [4]. Stock Market Implications - Due to the anticipated financial performance, the company's stock may face delisting under financial criteria as per the Shanghai Stock Exchange regulations [4]. - As of the report, *ST Rock's stock price has experienced three consecutive trading limit increases, despite the looming delisting risk [4]. Shareholder Issues - The controlling shareholder, Shanghai Guijiu Enterprise Development Co., Ltd., and its concerted parties have had a total of 216,740,245 shares judicially frozen, representing 64.80% of the company's total share capital [4]. Legal Matters - The actual controller of the company, Mr. Han Yao, has been subjected to criminal coercive measures due to the illegal fundraising activities of Haiyin Wealth Management Co., Ltd. [5].