Core Viewpoint - The aviation and airport sector experienced a slight increase of 0.23% on January 12, with CITIC Offshore Helicopter leading the gains. The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1]. Group 1: Stock Performance - CITIC Offshore Helicopter (000099) closed at 22.36, up 4.24% with a trading volume of 401,400 shares and a transaction value of 886 million yuan [1]. - Xiamen Airport (600897) closed at 17.47, up 1.22% with a trading volume of 82,500 shares and a transaction value of 143 million yuan [1]. - China Eastern Airlines (600115) closed at 6.00, up 0.33% with a trading volume of 1,101,000 shares [1]. Group 2: Capital Flow - The aviation and airport sector saw a net outflow of 18.41 million yuan from institutional investors, while retail investors had a net inflow of 25.28 million yuan [2]. - Major stocks like Hainan Airlines (600221) experienced a net inflow of 77.03 million yuan from institutional investors, but a net outflow of 49.07 million yuan from retail investors [3]. - Xiamen Airport (600897) had a net outflow of 9.17 million yuan from institutional investors, while retail investors contributed a net inflow of 469,890 yuan [3].

据广州白云国际机场消息，1月22日起，白云机场T1航站楼的所有航司将切换至T3航站楼运营。T1航站 楼未来将进行升级改造。 国内航班方面，自2026年1月22日02:00起，国航、海航等12家国内航司的国内进出港航班业务将调整至 T3航站楼。 国际航班方面，自2026年1月22日11:30起，34家国内外航司的所有国际进出港航班均调整至T3航站楼运 营。 白云机场提示，旅客出发前要仔细留意机场和航司发布的航班及所在航站楼信息，避免走错。（央视新 闻） ...

从广州白云国际机场了解到，1月22日起，白云机场T1航站楼的所有航司将切换至T3航站楼运营。T1航 站楼未来将进行升级改造。国内航班方面，自2026年1月22日02:00起，国航、海航等12家国内航司的国 内进出港航班业务将调整至T3航站楼。国际航班方面，自2026年1月22日11:30起，34家国内外航司的所 有国际进出港航班均调整至T3航站楼运营。 ...

Core Viewpoint - The aviation and airport sector experienced a decline of 1.19% on January 9, with China Eastern Airlines leading the drop, while the overall Shanghai Composite Index rose by 0.92% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4120.43, up 0.92%, and the Shenzhen Component Index closed at 14120.15, up 1.15% [1] - The aviation and airport sector saw a net outflow of 408 million yuan from major funds, while retail investors contributed a net inflow of 377 million yuan [2] Group 2: Individual Stock Performance - China Eastern Airlines (600115) closed at 5.98, down 3.24%, with a trading volume of 1.3034 million shares and a transaction value of 778 million yuan [2] - Other notable declines included Spring Airlines (601021) down 1.87% and China National Airlines (601111) down 1.64% [2] - The highest trading volume was recorded for Hainan Airlines (600221) with 4.4577 million shares traded, despite a decline of 10.85% in net inflow from major funds [3] Group 3: Fund Flow Analysis - Major funds showed significant outflows in several stocks, including Hainan Airlines with a net outflow of 83.62 million yuan, and Spring Airlines with a net outflow of 28.47 million yuan [3] - Retail investors showed a positive net inflow in several stocks, with Hainan Airlines seeing a retail net inflow of 64.82 million yuan [3]

白云机场提醒 1月8日，据白云机场发布：自2026年1月15日零时起，九元航空、浙江长龙航空、成都航空等3家航司出 发/到达广州的航班将变更至广州白云机场T2航站楼运营，值机区域安排在F区。 据航空公司透露，目前在T1运营的其余国内航空公司与全部外航预计将于1月22日零时起转场T3航站楼 运行，T1航站楼自1月22日起关闭。 某购票平台信息显示，目前海航、深航等部分原位于白云机场T1的航司已显示1月22日起乘机航站楼变 更为白云机场T3。 据了解，T3航站楼西侧国内候机区域与国际区域坪也将一同于1月22日启用。 本文转自【广州日报】； 随着广州白云国际机场T3航站楼启用，白云机场T1航站楼计划关闭改造。 有业内人士透露：白云机场T1航站楼预计将于1月22日起关闭，原有航空公司将分批搬迁至T2和T3。其 中，1月15日起，有三家原在T1航站楼运行的航空公司进出港航班调整至T2航站楼。 请旅客关注订票信息及航司提示短信，确认出行日期及所在航站楼，出发旅客请预留充足的时间到达机 场办理乘机手续；到达旅客请结合航班落地时间提前规划出行安排。如不慎走错，白云机场提供24小时 免费穿梭巴士，连接T1、T2、T3航站楼。此 ...

证券代码：600004 证券简称：白云机场 公告编号：2026-001 广州白云国际机场股份有限公司 广州白云国际机场股份有限公司董事会 2026年1月9日 一、上述数据本月数为快报数据，与实际数据可能存在差异。 二、因存在其他形式的飞行，部分项目分项数字之和与总计数存在差异。 三、上述运输生产数据源自公司内部统计，仅供投资者参考。 白云机场2025年12月生产经营数据快报 ■ 重要说明： 2025年12月生产经营数据快报 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 Viewpoint - The recent significant drop in domestic flight ticket prices is attributed to a temporary imbalance in supply and demand, with airlines adopting a strategy of lowering prices to increase passenger volume, despite ongoing high operational costs [3][5][8]. Group 1: Price Trends and Market Dynamics - Following the New Year holiday, domestic flight ticket prices have sharply decreased, with some routes offering prices as low as 1.7% of the full fare, such as flights from Guangzhou to Beijing priced at 428 yuan [2][3]. - The current low ticket prices are expected to be a short-term phenomenon, as demand is anticipated to rise again with the upcoming winter break and the Spring Festival, leading to a potential rebound in prices [4][6]. - Airlines are facing a paradox where they report losses while simultaneously offering low prices to fill seats, indicating a struggle between cost management and revenue generation [5][6]. Group 2: Competitive Landscape and Regulatory Environment - The competitive landscape is intensifying, with airlines increasingly adopting a "price for volume" strategy, resulting in a 12.7% year-on-year decline in average economy class ticket prices for 2024 [6]. - The rise of online travel agencies (OTAs) has made price comparisons easier for consumers, further pressuring airlines to maintain competitive pricing [6][7]. - Regulatory bodies are focusing on addressing "involutionary" competition among airlines, aiming to prevent predatory pricing below cost and improve market efficiency through various measures [9][10]. Group 3: Impact of Alternative Transportation - The dominance of rail transport, especially for distances under 800 kilometers, is increasing, with railways capturing a larger share of the market, which is forcing airlines to adapt their strategies towards longer routes [7]. - The trend of self-driving trips during holidays is also contributing to a decline in air travel, as families find it more economical compared to flying [7]. Group 4: Future Outlook - The aviation industry is expected to continue facing challenges in balancing operational costs with competitive pricing strategies, as the market adjusts to changing consumer preferences and regulatory pressures [5][9]. - The upcoming adjustments in airport operations, such as the transition of airlines to new terminals, may also influence operational efficiency and customer experience [11].

Core Viewpoint - Guangzhou Baiyun Airport is undergoing significant changes with the opening of Terminal 3 (T3) and the planned closure and renovation of Terminal 1 (T1) starting January 22, 2026 [2] Group 1: Terminal Changes - Starting from January 15, 2026, three airlines, including Juneyao Airlines, Zhejiang Changan Airlines, and Chengdu Airlines, will move their operations from T1 to Terminal 2 (T2) [2] - All other domestic airlines and international carriers are expected to transition to T3 starting January 22, 2026, with T1 officially closing on the same date [2] - Some airlines, such as Hainan Airlines and Shenzhen Airlines, have already updated their ticketing platforms to reflect the change to T3 from January 22, 2026 [2] Group 2: Passenger Guidance - Baiyun Airport advises passengers to pay attention to booking information and airline notifications to confirm their travel dates and terminal locations [2] - Travelers are encouraged to allow sufficient time to complete check-in procedures and to plan their travel arrangements based on flight arrival times [2] - A 24-hour free shuttle bus service will be available to connect T1, T2, and T3 for passengers who mistakenly go to the wrong terminal [2]

Group 1 - Jinli Permanent Magnet expects a net profit of 660 million to 760 million yuan for 2025, representing a year-on-year growth of 127% to 161% [1] - Wens Foodstuffs anticipates a net profit of 5 billion to 5.5 billion yuan for 2025, a decrease of 40.73% to 46.12% compared to the previous year [2] - New Open Source plans to repurchase shares worth 40 million to 50 million yuan, with a maximum repurchase price of 25.77 yuan per share [3] Group 2 - Fosun Pharma's subsidiary has had a drug registration application accepted for a new drug targeting ALK-positive non-small cell lung cancer [4] - Leike Film reported a net profit of -86 million yuan for the first three quarters of 2025, indicating a potential annual loss [5] - Crown Stone Technology's application for a specific issuance of A-shares has been accepted by the Shanghai Stock Exchange [6] Group 3 - Dongxin Technology has completed the business registration change for its subsidiary, Lishuan Technology, and has invested 211 million yuan in it [7] - Tianci Materials has increased its commodity futures hedging business limit from 150 million to 300 million yuan [8] - Gaode Infrared's actual controller has reduced his shareholding by 0.54%, bringing his stake down to 62.95% [9] Group 4 - Tianyong Intelligent expects a net profit of 10 million to 15 million yuan for 2025, marking a turnaround from losses [10][11] - China Merchants Energy anticipates a net profit of 6 billion to 6.6 billion yuan for 2025, an increase of 17% to 29% year-on-year [18] - Guangdong Electric Power A's Huizhou Power Plant's Unit 5 has been put into commercial operation, with an investment of 8.05 billion yuan [19] Group 5 - Jianghuai Automobile reported a 42.24% year-on-year increase in sales volume for December 2025 [25] - China Pharmaceutical's subsidiary has received a drug registration certificate for a new medication [26] - TianNeng Co. plans to use up to 12 billion yuan of its own funds for entrusted wealth management [27] Group 6 - Luoyang Huizhong reported a 10.55% month-on-month decrease in sales revenue from live pigs for December 2025 [28] - Baolidi expects a net profit of 145 million to 152 million yuan for 2025, a year-on-year increase of 27.17% to 33.30% [30] - Changchun High-tech's subsidiary has had a melatonin granule registration application accepted [31] Group 7 - Zhongmin Energy reported a 4.46% year-on-year decrease in cumulative on-grid electricity for 2025 [32] - Huaxin Electronics reported a 7.79% year-on-year decrease in consolidated operating revenue for December 2025 [35] - Xiamen Airport reported a 2.79% year-on-year increase in passenger throughput for December 2025 [36] Group 8 - Baiyun Airport reported a 12.27% year-on-year increase in passenger throughput for December 2025 [37] - Pulaike has received a new veterinary drug registration certificate for a chewable tablet [38] - Yunnan Energy Holdings' subsidiary has reduced its stake to 84% after a capital increase [39] Group 9 - Gansu Energy Chemical's new thermal power project has successfully completed trial operation [41] - Zhenghong Technology reported a significant decrease in sales revenue from live pigs for December 2025 [42] - Huasheng Lithium Battery is planning to issue H-shares for listing on the Hong Kong Stock Exchange [43] Group 10 - Jincheng Mining has signed a mining production contract with an estimated total price of approximately 510 million yuan [44] - Microchip Biotech has received approval for clinical trials of a new drug for pancreatic cancer [45] - Yahon Pharmaceutical has completed the first patient enrollment for a Phase I clinical trial of its drug [46]

Market Overview - The aviation and airport sector experienced a decline of 0.33% on January 8, with Xiamen Airport leading the drop [1] - The Shanghai Composite Index closed at 4082.98, down 0.07%, while the Shenzhen Component Index closed at 13959.48, down 0.51% [1] Stock Performance - Notable stock performances include: - CITIC Hainan Airlines (Code: 6600000) rose by 2.26% to close at 21.27 with a trading volume of 249,100 shares and a turnover of 530 million yuan [1] - Spring Airlines (Code: 601021) increased by 0.66% to 59.43 with a turnover of 310 million yuan [1] - China Eastern Airlines (Code: 600115) saw a rise of 0.65% to 6.18 with a trading volume of 827,800 shares [1] - Xiamen Airport (Code: 600897) fell by 1.86% to 17.39 with a turnover of 162 million yuan [2] Capital Flow - The aviation and airport sector saw a net outflow of 222 million yuan from major funds, while retail investors contributed a net inflow of 243 million yuan [2] - The capital flow for individual stocks indicates: - CITIC Hainan Airlines had a net outflow of 33.83 million yuan from major funds [3] - Shanghai Airport experienced a net inflow of 11.45 million yuan from major funds [3] - Xiamen Airport had a net outflow of 15.54 million yuan from major funds but a net inflow of 16.07 million yuan from retail investors [3]