Core Points - The C919 aircraft, China's first domestically developed large passenger jet, successfully completed its inaugural flight on the Beijing-Hong Kong route, marking a significant milestone for the country's aviation industry [1][2]. Group 1 - The C919 is designed to accommodate 158-192 passengers and has a range of 4,075-5,555 kilometers, showcasing its capabilities as a competitive commercial aircraft [2]. - The aircraft was officially launched in November 2015, made its first flight in May 2017, and completed its first commercial flight in May 2023, indicating a rapid development timeline [2]. - A series of themed activities were initiated to celebrate the C919's successful flight, coinciding with the anniversary of the "Two Airlines Uprising," emphasizing national pride and the historical significance of the event [2][3]. Group 2 - The C919's flight to Tianjin will coincide with the 76th anniversary of the "Two Airlines Uprising," serving as a tribute to the patriotic spirit and the evolution of China's civil aviation [2][3]. - A cooperation agreement was signed between the Hong Kong "Two Airlines" Association and the "Two Airlines Uprising" exhibition hall to create a new landmark for patriotic education, further integrating resources for this initiative [3].

Core Viewpoint - The China International Airlines Corporation (Air China) is set to relaunch the C919 aircraft on the historic "Two Airlines Uprising" northern flight route on November 9, commemorating a significant event in Chinese aviation history [1][5]. Group 1: Event Details - The C919 aircraft successfully completed its inaugural flight from Beijing to Hong Kong on November 7, 2023, and was ceremoniously welcomed at Hong Kong International Airport with a "water salute" [3]. - The flight is part of a series of themed activities celebrating the "Two Airlines Uprising," which took place on November 9, 1949, when over 2,000 employees from two airlines took a stand for patriotism [5]. Group 2: Significance and Impact - The event is seen as a meaningful tribute to the "Two Airlines Uprising," with Hong Kong's Deputy Secretary for Administration emphasizing the importance of using domestically developed aircraft to connect the nation with the global market [3]. - The activities include a themed photo exhibition that highlights the historical significance of the "Two Airlines Uprising" and aims to foster patriotism [5]. - A cooperation agreement was signed between the Hong Kong "Two Airlines" Association and the "Two Airlines Uprising" exhibition hall to create a new landmark for patriotic education [5].

Group 1 - The core point of the article is the resignation of Zhang Hua, the Chief Legal Counsel of China National Airlines, due to retirement, effective immediately [2] Group 2 - The announcement was made on the evening of November 7 [2] - The resignation was submitted to the company's board of directors [2]

Core Viewpoint - China International Airlines Co., Ltd. announced the resignation of its General Counsel, Zhang Hua, due to retirement, effective immediately [1] Company Summary - The resignation of the General Counsel, Zhang Hua, was submitted to the board of directors [1] - The resignation is effective immediately upon submission [1]

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之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就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。 中國北京，二零二五年十一月七日 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00753） 海外市場公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條的規定而發表。 附件為中國國際航空股份有限公司於上海證券交易所刊發之 中國國際航空股份有限公司 關於高級管理人員辭任的公告 承董事會命 中國國際航空股份有限公司 公司秘書 肖烽 於本公告日期，本公司的董事為劉鐵祥先生、王明遠先生、崔曉峰先生、Patrick Healy （賀以禮）先生、肖鵬先生、徐念沙先生*、禾雲先生*、譚允芝女士*及高春雷先生*。 * 本公司獨立非執行董事 证券代码：601111 股票简称：中国国航 公告编号：2025-056 中国国际航空股份有限公司 关于高级管理人员辞任的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 ...

Core Points - The C919 aircraft, China's first domestically developed large passenger jet, successfully completed its inaugural flight on the Beijing-Hong Kong route, marking a significant milestone for the country's aviation industry [1][2]. Group 1: C919 Aircraft Overview - The C919 is designed to accommodate 158-192 passengers and has a range of 4,075-5,555 kilometers [2]. - The aircraft was officially assembled in November 2015, made its first flight in May 2017, and completed its first commercial flight in May 2023 [2]. Group 2: Commemorative Events - A series of themed activities were launched to celebrate the C919's inaugural flight, coinciding with the 76th anniversary of the "Two Airlines Uprising" on November 9 [2][3]. - The event gathered over 120 guests from various sectors, including government officials and representatives from patriotic organizations [2]. Group 3: Educational Initiatives - Following the C919's flight to Tianjin, a themed exhibition showcasing the "Two Airlines Uprising" will be held, highlighting the historical significance of the event [3]. - A cooperation agreement was signed between the Hong Kong "Two Airlines" association and the exhibition hall to create a new landmark for patriotic education [3].

中国国际航空股份有限公司 关于高级管理人员辞任的公告 证券代码：601111 股票简称：中国国航 公告编号：2025-056 张华先生确认与公司董事会和公司无不同意见，亦不存在公司股东需要知悉有关 其辞任的其他事宜。董事会对张华先生任职期间对公司做出的贡献表示诚挚的感谢。 特此公告。 中国国际航空股份有限公司董事会 中国北京，二〇二五年十一月七日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国国际航空股份有限公司（以下简称"公司"）董事会于近日收到公司总法 律顾问张华先生递交的辞呈。张华先生因退休，向公司董事会辞去总法律顾问职务。 该辞任即日起生效。 ...

Group 1 - The core point of the article is that *ST Haichin (600753.SH) has completed its share buyback plan, acquiring 4.3799 million A-shares, which represents 1.90% of the total share capital, with a total investment of 30.0607 million RMB [1] Group 2 - The buyback period was from May 12, 2025, to November 7, 2025, indicating a strategic move by Zhejiang Haixin to increase its stake in the company [1] - The total amount invested in the buyback exceeded the lower limit of the planned buyback, suggesting strong confidence in the company's future performance [1]

Core Viewpoint - The successful operation of the domestically produced C919 aircraft on the Beijing to Hong Kong route marks a significant milestone for China's aviation industry, showcasing advancements in domestic aircraft manufacturing capabilities [1] Company Summary - China International Airlines' CA101 flight, utilizing the C919 aircraft, landed smoothly at Hong Kong International Airport, indicating the aircraft's readiness for commercial operations [1] Industry Summary - The C919's inaugural flight on a major route highlights the growing competitiveness of China's aviation sector in the global market, potentially impacting future aircraft sales and market dynamics [1]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company is expected to benefit from improved industry supply and demand dynamics, leading to enhanced revenue levels [2][3] - Recent improvements in ticket prices are attributed to a recovery in business travel demand and a consensus against excessive competition within the industry [2] - The company announced a plan to raise up to 20 billion RMB through a private placement to repay debts and enhance liquidity, which is expected to dilute the share capital by 14.9% if fully subscribed [2][3] Financial Forecast and Valuation - The forecast for the company's net profit attributable to shareholders for 2025-2027 is 4.90 billion RMB, 6.31 billion RMB, and 8.73 billion RMB respectively [3] - The estimated Book Value Per Share (BPS) for 2026 is projected to be 3.27 RMB, with a price-to-book (PB) ratio of 3.2x for A shares and 2.2x for H shares [3] - The target price remains unchanged at 10.45 RMB for A shares and 7.90 HKD for H shares, reflecting a premium valuation based on expected improvements in return on equity (ROE) [3]