Market Performance - The Hong Kong stock market indices experienced significant gains, with the Hang Seng Tech Index rising by 2.24%, reaching a new high for the period [1] - In September, the Hang Seng Tech Index accumulated a nearly 14% increase, while the Hang Seng Index and the National Enterprises Index rose by 7.09% and 6.79%, respectively [1][2] Sector Highlights - Major technology stocks saw collective gains, with Kuaishou leading with a rise of over 7%, followed by Alibaba and NetEase with increases of 2% [2][4] - Semiconductor stocks remained strong, with Huahong Semiconductor surging nearly 11% to set a new high [2][8] - Apple-related stocks also saw gains as Apple reportedly notified its supply chain to increase production capacity [2][9] Gold and Copper Stocks - Gold stocks rallied, with Zijin Mining International soaring over 68%, and other gold-related companies also showing strong performance [6] - Copper stocks followed suit, with China Molybdenum rising by 11.84% and Jiangxi Copper gaining over 8% [7] Biopharmaceutical Sector - The biopharmaceutical sector showed positive movement, with WuXi AppTec increasing by over 8% and other companies like Zai Lab and BeiGene also experiencing gains [12][13] Airline Industry - Airline stocks generally rose, with China Eastern Airlines up by 6.73% and both China Southern Airlines and Air China increasing by over 4% [11] - Citic Securities noted strong demand for air travel during the upcoming holidays, suggesting potential for positive performance in the sector [11] Oil and Gas Sector - Oil stocks collectively declined, with China Petroleum falling by 2.75% and other major oil companies also experiencing losses [14] - Reports indicated that OPEC+ plans to increase oil production in November, contributing to the downward pressure on oil prices [14] Gaming and Telecom Stocks - Casino and gaming stocks mostly fell, with Sands China down by 2.25% and other major gaming companies following suit [15] - Telecom stocks also saw declines, with China Telecom and China Mobile both experiencing slight drops [17] Capital Inflows - Southbound capital saw a net inflow of HKD 15.48 billion, indicating strong investor interest in the Hong Kong market [19] Future Outlook - Everbright Securities highlighted the strong overall profitability of Hong Kong stocks, particularly in sectors like internet, new consumption, and innovative pharmaceuticals, suggesting that despite recent gains, valuations remain low and long-term investment potential is high [19]

国泰海通证券指，重视航空长逻辑，Q3盈利有望实现逆势增长，十一假期出游旺盛，关注公商务恢复 持续性。该行表示，9月公商需求旺盛，十一假期出游旺盛。受益暑运压制性公商需求释放与10月重大 会议致公商需求前移，9月公商需求旺盛且有望创历史同期新高，高客座率推动国内含油票价同比转 正，9月淡季将再次大比例留存燃油成本缩减，助力2025Q3业绩同比增长。考虑国庆中秋连休且拼假效 应明显该行预计十一黄金周出游需求旺盛，航司预期乐观且预售量价良好，建议关注拼假或对临近收仓 票价影响。 三大航集体走高，截至发稿，中国国航（601111）(00753)涨3.23%，报5.75港元；东方航空(00670)涨 3.21%，报3.22港元；南方航空（600029）(01055)涨2.01%，报4.06港元。 消息面上，航旅纵横大数据显示，截至9月26日，2025年国庆中秋假期国内航线机票预订量已突破1019 万张，日均预订量较去年同期增长约6%；出入境航线机票预订量超过169万张，日均预订量较去年同期 增长约12%。 此外，航班管家DAST数据显示，截至9月25日，今年国庆假期预售机票裸票价为819元， 价格较2024年同期上涨9 ...

每经AI快讯，9月30日，港股三大航集体走高，截至发稿，中国国航(00753.HK)涨3.23%，报5.75港元； 东方航空(00670.HK)涨3.21%，报3.22港元；南方航空(01055.HK)涨2.01%，报4.06港元。 ...

责任编辑：栎树 | 代码 | 名称 | 最新价 涨跌幅 v | | --- | --- | --- | | 00753 | 中国国航 | 5.780 3.77% | | 00670 | 中国东方航空股 | 3.220 3.21% | | 01055 | 中国南方航空股 | 4.060 2.01% | | 00357 | 美兰空港 | 10.510 0.67% | 港股航空股普遍上涨，其中，中国国航涨近4%，中国东方航空涨3.2%，中国南方航空涨2%，美兰空港 跟涨。 消息上，中信证券研报指出，2025年国庆中秋假期航空出游需求旺盛，量价或有超预期表现，释放积极 信号。民航"反内卷"工作逐步展开，或从托底价、控时刻、代销监管等方面加强监管，有望对行业价格 形成支撑，建议关注航司业绩弹性。飞机低引进+发动机维修使得有效供给延续低增长，新订单对行业 供给影响或有限，无需过分担忧。四季度行业量价表现或迎拐点，关注淡季布局时机。 ...

智通财经APP获悉，三大航集体走高，截至发稿，中国国航(00753)涨3.23%，报5.75港元；东方航空 (00670)涨3.21%，报3.22港元；南方航空(01055)涨2.01%，报4.06港元。 国泰海通证券指，重视航空长逻辑，Q3盈利有望实现逆势增长，十一假期出游旺盛，关注公商务恢复 持续性。该行表示，9月公商需求旺盛，十一假期出游旺盛。受益暑运压制性公商需求释放与10月重大 会议致公商需求前移，9月公商需求旺盛且有望创历史同期新高，高客座率推动国内含油票价同比转 正，9月淡季将再次大比例留存燃油成本缩减，助力2025Q3业绩同比增长。考虑国庆中秋连休且拼假效 应明显该行预计十一黄金周出游需求旺盛，航司预期乐观且预售量价良好，建议关注拼假或对临近收仓 票价影响。 消息面上，航旅纵横大数据显示，截至9月26日，2025年国庆中秋假期国内航线机票预订量已突破1019 万张，日均预订量较去年同期增长约6%；出入境航线机票预订量超过169万张，日均预订量较去年同期 增长约12%。 此外，航班管家DAST数据显示，截至9月25日，今年国庆假期预售机票裸票价为819元， 价格较2024年同期上涨9.1%。 值 ...

消息上，中信证券研报指出，2025年国庆中秋假期航空出游需求旺盛，量价或有超预期表现，释放积极 信号。民航"反内卷"工作逐步展开，或从托底价、控时刻、代销监管等方面加强监管，有望对行业价格 形成支撑，建议关注航司业绩弹性。飞机低引进+发动机维修使得有效供给延续低增长，新订单对行业 供给影响或有限，无需过分担忧。四季度行业量价表现或迎拐点，关注淡季布局时机。 港股航空股普遍上涨，其中，中国国航涨近4%，中国东方航空涨3.2%，中国南方航空涨2%，美兰空港 跟涨。 | 代码 | | 最新价 涨跌幅 v | | --- | --- | --- | | 00753 | 中国国航 | 5.780 3.77% | | 00670 | 中国东方航空股 | 3.220 3.21% | | 01055 | 中国南方航空股 | 4.060 2.01% | | 00357 | 美兰空港 | 10.510 0.67% | ...

证券研究报告 交通运输 行业定期报告 hyzqdatemark 2025 年 09 月 29 日 证券分析师 孙延 SAC：S1350524050003 sunyan01@huayuanstock.com 刘晓宁 SAC：S1350523120003 liuxiaoning@huayuanstock.com 王惠武 SAC：S1350524060001 wanghuiwu@huayuanstock.com 曾智星 SAC：S1350524120008 zengzhixing@huayuanstock.com 张付哲 SAC：S1350525070001 zhangfuzhe@huayuanstock.com 联系人 板块表现： 国庆中秋假期出行有望迎来景气 投资评级： 看好（维持） —交通运输行业周报（2025 年 9 月 22 日-2025 年 9 月 28 日） 投资要点： 一、行业动态跟踪 快递物流： 1）"通达兔"快递企业宣布上调上海市电商快递价格，全国快递涨价区域已达 93%。 根据东方网， 9 月 22 日极兔、中通、圆通、申通、韵达宣布上调上海地区快递收 件价格，电商件单票价格上涨 0.2-0. ...

中国国际航空股份有限公司 二○二五年十月 会 议 须 知 为确保中国国际航空股份有限公司（以下简称"本公司"、 "公司"或"中国国航"）股东在公司2025年第二次临时股 东会（以下简称"本次会议"或"会议"）依法行使权利， 保证会议秩序和议事效率，制定相关注意事项如下： 一、公司根据《中华人民共和国公司法》《中华人民共 和国证券法》《中国国际航空股份有限公司章程》（以下简 称《公司章程》）及《中国国际航空股份有限公司股东会议 事规则》规定，认真做好本次会议的各项工作。 二、公司董事会在会议过程中，应当认真履行法定职责， 维护股东合法权益。 三、公司股东出席本次会议，依法享有《公司章程》规 定的各项权利，并认真履行法定义务，不得侵犯其他股东的 合法权益，不得扰乱会议的正常秩序。 四、本次会议议案的表决采取现场记名投票与网络投 票相结合的方式投票表决。参加网络投票的股东，投票操作 方式请参照本公司发布的股东会投票注意事项。 I 二○二五年第二次临时股东会 会议资料 主持人：副董事长 王明远先生 议程： 一、主持人宣布会议开始。 二、董事会秘书报告与会股东代表有表决权的股份情况 和会议合法性情况。 五、本次会议审议 ...

证券之星消息，9月24日航空机场板块较上一交易日下跌0.24%，中国国航领跌。当日上证指数报收于 3853.64，上涨0.83%。深证成指报收于13356.14，上涨1.8%。航空机场板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000099 | 中信海直 | 23.03 | 3.93% | 37.87万 | 8.56亿 | | 002928 | 华夏航空 | 9.67 | 1.68% | 11.07万 | 1.06亿 | | 600115 | 中国东航 | 4.05 | 0.50% | 78.80万 | 3.17亿 | | 000089 | 深圳机场 | 7.02 | 0.29% | 9.40万 | 6589.87万 | | 600009 | 上海机场 | 31.93 | 0.16% | 6.87万 | 2.19亿 | | 600004 | 白云机场 | 9.47 | 0.11% | 12.59万 | 1.19亿 | | 600897 | 厦门空港 | 14.43 | ...

Group 1 - The core viewpoint of the news is that China National Aviation Holdings Company (Air China) has experienced a decline in stock price and significant net outflow of funds, indicating potential investor concerns [1][2]. - As of September 24, Air China's stock price dropped by 2.05% to 7.65 CNY per share, with a total market capitalization of 133.48 billion CNY [1]. - Year-to-date, Air China's stock has decreased by 3.29%, with a 5.44% drop over the last five trading days [2]. Group 2 - Air China's main business revenue composition includes 90.64% from passenger air transport, 4.93% from other services, and 4.43% from cargo and mail transport [2]. - As of June 30, 2025, Air China reported operating revenue of 80.76 billion CNY, a year-on-year increase of 1.56%, while the net profit attributable to shareholders was -1.81 billion CNY, reflecting a year-on-year growth of 35.11% [2]. - The company has not distributed any dividends in the past three years, with a total payout of 13.32 billion CNY since its A-share listing [3]. Group 3 - As of June 30, 2025, the number of shareholders for Air China decreased by 14.55% to 129,200, with an average of 0 circulating shares per shareholder [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 279 million shares, an increase of 35.08 million shares from the previous period [3]. - The company is classified under the transportation industry, specifically in the aviation sector, and is part of various concept sectors including civil aviation and large-cap stocks [2].