2025年 A股 -、 (一 )实 1.2020年 A股 2019年 10月 30日 2019年 12月 27日 2019年 2019 A股 2019年 H股 ,并 2020年 5月 14日 (证 (2020〕 918号 )的 ,本 2,453,434,457股 (以 "2020年 A股 " )。 2020年 6月 11日 ,本 (A股 )2,453,434,457股 ,每 1.00元 , 5.21元 ,募 12,782,393,520.97元 ,扣 (含 )人 2,000,000.00元 ,实 12,780,393,520.97元 ,上 (特 )验 ,并 2000486号 (含 )共 4,308,207.55元 ,实 1 12,7769085,313.42元 2.2020年 A股 2020年 5月 14日 2020年 6月 30日 2019年 2020年 A股 2020年 H股 ,并 2020年 9月 16日 (证 (2020〕 2264号 )的 ,本 160亿 A股 (以 "2020年 A股 " )。 2020年 10月 21 ,本 160,000,000张 ,每 100.00元 ,每 100.00元 , ...

经出席本次监事会的监事审议并表决，一致通过以下议案： 1 （一）关于公司 2025 年半年度报告全文、摘要及业绩公告 的议案； 公司监事会全体成员对本公司 2025 年半年度报告全文、摘 要及业绩公告进行了审核，发表审核意见如下： 证券代码：600029 证券简称：南方航空 公告编号：临 2025-042 中国南方航空股份有限公司 第十届监事会第八次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 2025 年 8 月 28 日，中国南方航空股份有限公司（以下简称 "本公司""公司"）第十届监事会第八次会议在广州市白云区 齐心路 68 号中国南方航空大厦 34 楼 33A12 会议室以现场会议 方式召开。应出席会议监事 3 人，实际出席会议监事 3 人，杨斌 监事因公未亲自出席本次会议，授权魏振兴监事代为出席会议并 表决。本次会议由监事会主席张弢先生主持，公司部分高级管理 人员列席。本次会议的通知和资料已以书面方式发出。会议的召 开及表决等程序符合《中华人民共和国公司法》、本公司章程和 本 ...

南方航空上半年营收862.9亿元人民币，净亏损15.3亿元人民币。 ...

Investment Rating - The report recommends a "Buy" rating for the aviation sector, highlighting potential long-term benefits from the civil aviation authority's "anti-involution" policy and the expected recovery in airline revenues [90][91]. Core Insights - The global aviation market is experiencing a normalization phase with a year-on-year increase in passenger turnover (RPK) of 5.1% in H1 2025, driven by a higher growth rate in international RPK at 7.0% compared to domestic RPK at 2.0% [3][5]. - The U.S. aviation industry shows signs of stabilization with a profit margin of 3.6% in H1 2025, an increase of 0.9 percentage points year-on-year, despite a 1% increase in revenue and a 1% rise in costs [30][32]. - The European aviation market faces uncertainties but shows potential for profit growth, with ticket prices fluctuating significantly due to seasonal factors [66][72]. - In Asia, key markets like Southeast Asia and Japan are witnessing a recovery in passenger volumes, with some airports exceeding pre-pandemic levels [78][81]. Summary by Sections Global Aviation Market Overview - The global aviation market's growth rate has slowed, with H1 2025 showing a 5.1% increase in RPK and a 4.8% increase in available seat kilometers (ASK) [3][5]. - The market's load factor improved to 82.5%, reflecting a 0.2 percentage point increase year-on-year [3]. U.S. Aviation Market Tracking - The U.S. aviation sector's profit margin reached 3.6% in H1 2025, with a 1% increase in revenue and a 1% rise in costs, including a 13% decrease in fuel costs [30][32]. - Ticket prices in the U.S. have seen a decline, with a 5.1% drop in inflation-adjusted prices from January to July 2025 [34][38]. European Aviation Market Tracking - The European aviation market's ticket prices showed volatility, with significant fluctuations in early 2025, but overall recovery in passenger volumes is noted [66][63]. - Major airlines like Lufthansa and IAG reported profit growth in Q2 2025, driven by increased ticket prices and demand recovery [66][72]. Asian Aviation Market Tracking - Southeast Asia and Japan's airports are experiencing a resurgence in passenger traffic, with notable increases in throughput compared to pre-pandemic levels [78][81]. - Key transit airports in the region, such as Singapore and Doha, also reported growth in passenger numbers [81]. Investment Analysis Opinion - The report suggests that the seasonal increase in passenger volume coupled with a decrease in ticket prices has been adequately reflected in market expectations, indicating a favorable outlook for airline profitability [90]. - The report recommends focusing on airlines such as China Southern Airlines, China Eastern Airlines, and Spring Airlines, as well as global aircraft leasing companies and airport operators [90][91].

Core Points - China Southern Airlines (CSA) has launched the "Instant Boarding" service on the Shanghai Hongqiao-Guangzhou route, following its pilot implementation on the Guangzhou-Beijing Daxing route [1][5] - The service eliminates the previous check-in cut-off time of 30 minutes before flight departure for passengers without checked luggage, allowing them to complete security checks and reach the boarding gate up to 15 minutes before the scheduled departure [1][5] - The Shanghai Hongqiao-Guangzhou route operates 10 round trips daily, all of which will implement the "Instant Boarding" service [5] Service Details - CSA aims to enhance operational efficiency and reduce waiting times for passengers by optimizing key processes such as check-in and baggage sorting [5] - The service is designed to cater to business travelers, who make up a significant portion of passengers on this route, and will be expanded to more routes in the future [5] - The "Instant Boarding" service is an upgrade from CSA's "Fast Line" service, with dedicated check-in counters set up at Shanghai Hongqiao International Airport [5] Limitations - The "Instant Boarding" service is not available for passengers requiring checked baggage, who must still adhere to the 30-minute cut-off time for baggage [6]

Core Viewpoint - The resumption of the direct flight route between Urumqi and Dubai by China Southern Airlines is significant for enhancing trade, energy exchanges, and cultural interactions between China and the Middle East, contributing to the Belt and Road Initiative [1][2] Group 1: Flight Details - The Urumqi to Dubai route will resume on September 25, becoming the only direct passenger flight from Xinjiang to the UAE [1] - The flight number is CZ6069/CZ6070, operating every Thursday and Sunday, using Boeing 737-8 aircraft with a one-way flight time of approximately 6 hours [1] - Each round trip can accommodate over 300 seats, with departure from Urumqi at 23:50 Beijing time and arrival in Dubai at 02:15 local time the next day [1] Group 2: Market Impact - From January to August, China Southern Airlines carried 552,000 international and regional passengers in Xinjiang, marking a 65% year-on-year increase, indicating a significant enhancement in Urumqi's hub efficiency [1] - The reopening of this air route is expected to inject new momentum into economic cooperation and exchanges among Belt and Road countries [2] Group 3: Travel Convenience - The UAE has implemented a visa-free policy for Chinese citizens, allowing entry with a valid ordinary passport of more than six months, facilitating greater ease of travel for both domestic and international passengers [1]

於其他市場發佈的公告 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條而作出。 茲載列中國南方航空股份有限公司在上海證券交易所網站刊登的《中國南方航空股份有限 公司關於召開2025年半年度業績說明會的公告》及《中國南方航空股份有限公司關於變更 審計項目質量控制復核人的公告》，僅供參閱。 承董事會命 中國南方航空股份有限公司 聯席公司秘書 陳威華及劉巍 中華人民共和國，廣州 2025年8月25日 於本公告日期，董事包括執行董事馬須倫及韓文勝；及獨立非執行董事何超瓊、郭為、張 俊生及祝海平。 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的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1055） 证券代码：600029 证券简称：南方航空 公告编号：临 2025-039 中国南方航空股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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， ...

中国南方航空股份有限公司 关于变更审计项目质量控制复核人的公告 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。 中国南方航空股份有限公司（以下简称"本公司""公司"） 于 2025 年 3 月 26 日召开第十届董事会第六次会议，并于 2025 年 5 月 23 日召开 2024 年年度股东会，审议通过《关于续聘公司 2025 年外部审计师的议案》，同意续聘毕马威华振会计师事务 所（特殊普通合伙）（以下简称"毕马威华振"）为公司 2025 年度国内财务报告和内部控制报告审计师。详情请见公司分别于 2025 年 3 月 27 日及 2025 年 5 月 24 日在上海证券交易所网站 （www.sse.com.cn）发布的相关公告。 一、本次审计项目质量控制复核人变更情况 公司收到毕马威华振《关于变更中国南方航空股份有限公司 2025 年度质量控制复核人的函》。毕马威华振作为公司 2025 年 度国内财务报告和内部控制报告的审计机构，原指派项目合伙人 为李丹，签字注册会计师为李丹、林雪华，质量控制复核人为彭 菁。鉴于工作调整原因 ...

证券代码：600029 证券简称：南方航空 公告编号：临 2025-039 中国南方航空股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： http://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心视频录播和网络互动 ● 投资者可于 2025 年 8 月 25 日（星期一）至 8 月 28 日（星 期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏 目或通过公司邮箱 ir@csair.com 进行提问，邮件标题请注明"600029 业绩说明会"，公司将在说明会上对投资者普遍关注的问题进行回 答。 中国南方航空股份有限公司（以下简称"公司"）2025 年 8 月 29 日发布公司 2025 年半年度报告，为便于广大投资者全面深入 1 ● 会议召开时间：2025 年 8 月 29 日（星期五）16:00-17:00 ● 会议召开地点：上海证券交易所上证路演中心（网址： 地了解公司 2025 年上半年经营成果、财务 ...

Group 1 - From August 18 to August 24, brokers issued a total of 463 target prices for listed companies, with the highest target price increases for Hengmingda at 63.83%, Jiangsu Shentong at 62.24%, and Dongfang Caifu at 60.29%, belonging to the consumer electronics, general equipment, and securities industries respectively [1] - A total of 559 listed companies received broker recommendations during the same period, with Beixin Building Materials receiving 22 recommendations, Yanghe Co. receiving 21, and Runben Co. receiving 20 [1] - During this period, brokers upgraded ratings for 9 companies, including Dongbei Securities upgrading Changhai Co. from "Hold" to "Buy", and Pacific Securities upgrading Chuanjinno from "Hold" to "Buy" [1] Group 2 - Brokers downgraded ratings for 11 companies, including Minsheng Securities downgrading Taoli Bread from "Recommended" to "Cautious Recommendation", and Zhongyin International Securities downgrading Southern Airlines from "Hold" to "Increase" [1] - From August 18 to August 24, brokers provided 97 instances of initial coverage, with Southern Airlines receiving an "Increase" rating from Zhongyin International Securities, and Cuihua Jewelry receiving a "Buy" rating from Tianfeng Securities [2] - Other companies receiving initial coverage include Feiyada with a "Buy" rating from Dongbei Securities, Lihua Co. with an "Increase" rating from Huaxi Securities, and Sanhuan Group with a "Buy" rating from Huayuan Securities [2]