Core Viewpoint - UBS reports that Hainan's duty-free sales from January 1 to 3 increased by 129% year-on-year to 712 million yuan, with the number of duty-free shoppers rising by 61% [1] Group 1: Sales Performance - The average duty-free spending per person is estimated at 8,527 yuan, representing a year-on-year increase of 42.5% [1] - The quantity of purchased goods also saw a year-on-year growth of 52.4% [1] - All reported data exceeded market expectations [1] Group 2: Factors Driving Growth - The strong sales growth is attributed to the relaxation of shopping policy restrictions for local residents and departing travelers in Hainan since October of the previous year, which has boosted shopper traffic [1] - Significant increases in average spending are driven by luxury categories such as clothing, footwear, handbags, jewelry, and mobile products [1] - Local government continues to provide subsidies for duty-free shopping [1] Group 3: Investment Outlook - The company is optimistic about China Duty Free Group's A-shares and H-shares, setting target prices at 99.59 yuan and 90.73 Hong Kong dollars, respectively, with a "buy" rating [1] - The company also has a positive outlook on Shanghai Airport, as new contracts may help the company return to a high growth trajectory, alongside no significant capital expenditures, which is expected to improve return on equity [1]

Core Viewpoint - UBS reports that Hainan's duty-free sales from January 1 to 3 increased by 129% year-on-year to 712 million yuan, with the number of duty-free shoppers rising by 61% [1] Group 1: Sales Performance - Duty-free sales growth is attributed to the relaxation of shopping policy restrictions for local residents and departing travelers in Hainan since October last year [1] - The average duty-free spending per person is estimated at 8,527 yuan, reflecting a year-on-year increase of 42.5% [1] - The quantity of purchased items also saw a year-on-year growth of 52.4%, indicating strong consumer demand [1] Group 2: Product Categories and Government Support - The increase in average spending is driven by luxury categories such as clothing, footwear, handbags, jewelry, and mobile phones [1] - Local government continues to provide subsidies for duty-free shopping, further stimulating consumer spending [1] Group 3: Investment Outlook - UBS maintains a positive outlook on China Duty Free Group's A-shares and H-shares, setting target prices at 99.59 yuan and 90.73 Hong Kong dollars, respectively, with a "buy" rating [1] - The firm is also optimistic about Shanghai Airport, as new contracts may lead the company back to a high growth trajectory, with no significant capital expenditures expected, which could improve return on equity [1]

Market Overview - The city commercial bank sector increased by 0.26% on January 5, with Hangzhou Bank leading the gains [1] - The Shanghai Composite Index closed at 4023.42, up by 1.38%, while the Shenzhen Component Index closed at 13828.63, up by 2.24% [1] Individual Bank Performance - Hangzhou Bank (600926) closed at 15.45, with a rise of 1.11% and a trading volume of 580,400 shares, amounting to a transaction value of 893 million yuan [1] - Chengdu Bank (601838) closed at 16.24, up by 0.74%, with a trading volume of 278,200 shares and a transaction value of 450 million yuan [1] - Beijing Bank (601169) closed at 5.52, increasing by 0.73%, with a trading volume of 1,428,800 shares and a transaction value of 787 million yuan [1] - Guizhou Bank (601997) closed at 5.91, up by 0.68%, with a trading volume of 255,700 shares and a transaction value of 151 million yuan [1] - Qindao Bank (002948) closed at 4.51, increasing by 0.67%, with a trading volume of 419,600 shares and a transaction value of 188 million yuan [1] - Jiangsu Bank (616009) closed at 10.46, up by 0.58%, with a trading volume of 1,271,800 shares and a transaction value of 1.331 billion yuan [1] - Xian Bank (600928) closed at 3.72, increasing by 0.54%, with a trading volume of 198,300 shares and a transaction value of 73.3 million yuan [1] - Zhengzhou Bank (002936) closed at 1.94, up by 0.52%, with a trading volume of 723,100 shares and a transaction value of 140 million yuan [1] - Lanzhou Bank (001227) closed at 2.33, increasing by 0.43%, with a trading volume of 290,200 shares and a transaction value of 67.5 million yuan [1] - Ningbo Bank (002142) closed at 28.15, up by 0.21%, with a trading volume of 271,700 shares and a transaction value of 764 million yuan [1] Capital Flow Analysis - The city commercial bank sector saw a net inflow of 380 million yuan from main funds, while retail funds experienced a net outflow of 134 million yuan [2] - The main funds' net inflow and outflow for individual banks include: - Jiangsu Bank (600919) had a net inflow of 10.4 million yuan, with a 7.78% share of main funds [3] - Shanghai Bank (601229) had a net inflow of 87.04 million yuan, with a 13.64% share of main funds [3] - Hangzhou Bank (600926) had a net inflow of 79.04 million yuan, with an 8.86% share of main funds [3] - Nanjing Bank (600000) had a net inflow of 67.86 million yuan, with a 9.68% share of main funds [3] - Ningbo Bank (002142) had a net inflow of 58.14 million yuan, with a 7.61% share of main funds [3] - Qilu Bank (601665) had a net inflow of 57.72 million yuan, with a 14.60% share of main funds [3] - Qingdao Bank (002948) had a net inflow of 22.18 million yuan, with an 11.82% share of main funds [3] - Suzhou Bank (002966) had a net inflow of 6.29 million yuan, with a 2.71% share of main funds [3] - Xiamen Bank (601187) had a net inflow of 520,450 yuan, with a 5.25% share of main funds [3] - Xian Bank (600928) had a net inflow of 287,550 yuan, with a 3.92% share of main funds [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601111 | 中国国航 | 9.20 | -1.81% | 122.27万 | 11.13亿 | | 600221 | 海航控股 | 1.78 | -1.66% | 682.03万 | 12.12亿 | | 002928 | 华夏航空 | 10.91 | -1.27% | 20.95万 | 2.26亿 | | 603885 | 吉祥航空 | 14.77 | -0.74% | 18.90万 | 2.76亿 | | 601021 | 春秋航空 | 59.21 | -0.49% | 5.64万 | 3.33亿 | | 000089 | 深圳机场 | 6.97 | -0.29% | 11.68万 | 8132.58万 | | 600009 | 上海机场 | 32.70 | -0.18% | 11.74万 | 3.83亿 | | 600004 | 白云机场 | 9.46 | 0.00% | 18.46万 | 1.74亿 | | 600897 | 厦门空港 ...

2026.01. 04 本文字数：2208，阅读时长大约4分钟 作者 | 第一财经 陈姗姗 2026年元旦期间（1.01-1.03），民航旅客运输量约588.5万人次（仅含境内航司承运数据），日 均约196.2万人次，同比增长10.8%。 这是记者今日从航班管家获得的最新数据。今年元旦旅客人数同比大增，一方面与不少旅客"请3休 8"的拼假模式催热了东南亚、欧洲出境游有关，另一方面，外籍游客入境游也在持续增长。 赴日航班量大降40.5% 2026年元旦比2025年多放2天假，令不少游客有时间出境游。去哪儿平台数据显示，元旦期间热门 地区出境机票预订增4成以上，其中韩国、越南机票预订涨2倍以上。 从热度蹿升最快的目的地来看，飞往韩国首尔的出境机票量同比增长3.3倍，是增幅最高的目的地， 也是大学生群体元旦出境游首选；飞往越南胡志明市、河内的机票增幅分别达3.2倍和2.4倍，成为 23-30岁"工作党"的热门选择。 还有不少"请3休8"拼假族，选择在元旦前飞向南半球过夏天，带动前往新西兰的机票预订增长1.1 倍。此外，2025年底航线加密后，在元旦期间飞往巴西的机票增长近3倍；飞往格鲁吉亚、乌兹别 克斯坦、哈萨克斯 ...

《中国民航报》、中国民航网 记者钱擘 通讯员尚机轩 报道：2025年，上海机场苏州工业园区、苏州高新区、昆 山等异地城市航站楼全年服务旅客人数突破15万人次，同比增长44.5%。其中，上海机场苏州工业园区城市航站楼全 年服务旅客突破10万人次，以便捷高效的空地联运模式服务长三角地区旅客航空出行和互联互通，为提升上海机场全 方位门户复合型功能提供了有力支持。 值得一提的是，2025年6月，联合国环境规划署金融倡议（UNEP FI）会议在苏州举行，苏州城市航站楼为参会嘉 宾提供了多语种的值机、行李托运、航班改签，以及跨多种交通方式的抵离服务保障超120人次。会后，负责大会服 务的保障单位发出感谢信，为苏州城市航站楼的专业能力和国际化水平点赞。（编辑：许浩存 校对：张薇 审核：韩 磊） （善见 / 摄） 2025年，上海机场积极服务协调航司入驻城航楼，先后引入成都航空、英国航空、国泰航空、香港航空等多家航 司，为旅客提供更加丰富的出行选择。目前，已有18家中外航司在上海机场异地城航楼提供服务。 在服务产品创新上，上海机场联合入驻航司打造了多元化特色的服务矩阵，精准匹配商务出行、家庭出行、跨国 出行等场景。其中，东方 ...

中新网上海1月2日电 (记者 殷立勤)2025年，上海机场苏州工业园区、高新区、昆山等异地城市航站楼 全年服务旅客人数突破15万人次。其中，上海机场苏州工业园区城市航站楼全年服务旅客量突破10万人 次，以便捷高效的空地联运模式服务长三角地区旅客航空出行和互联互通，为提升上海机场全方位门户 复合型功能提供了有力支持。 工作人员 为旅客办理登机服务。上海机场集团供图 在服务产品创新上，上海机场联合入驻航司打造了多元化特色的服务矩阵，精准匹配商务出行、家庭出 行、跨国出行等场景。东方航空"空巴优享"服务为商务旅客提供值机托运接驳全流程快速衔接；春秋航 空面向家庭出行和自助出行旅客推出值机托运提前开放服务；国泰航空面向出境旅客推出"空巴联运"服 务，南航推出免费专车接驳服务……在提升便捷度的同时，进一步增强旅客航空出行的获得感和幸福 感。(完) 工作人员 为旅客服务。上海机场集团供图 上海机场异地城市航站楼分别位于苏州、昆山等城市核心区域或交通枢纽附近，提供上海浦东、虹桥两 大国际机场购票、值机、行李预安检与托运、贵宾休息、行李"门到门"等服务，旅客乘坐专车或其他方 式抵达机场后，无需提取行李即可从快速通道直达登机口 ...

12月31日 晚，旅客行走在浦东国际机场T2航站楼内。中新网记者 殷立勤 摄 枢纽网络通达性持续提升 中新网上海1月1日电 (记者 殷立勤)2025年12月31日23时59分50秒，随着HU7723航班降落在上海浦东国 际机场，上海机场圆满完成2025年运输保障任务。上海机场集团党委书记、董事长冯昕在浦东国际机场 运行指挥中心宣布："上海浦东国际机场连续实现第26个安全年，上海虹桥国际机场连续实现第38个安 全年。2025年上海机场集团全年保障进出港航班量达83.9万架次，全年旅客吞吐量超过1.35亿人次。其 中，虹桥国际机场年旅客吞吐量首次突破5000万人次，跻身全球'5000万级俱乐部'。全年货邮吞吐量达 到450万吨。" 上海机场 集团领导在浦东国际机场运行指挥中心合影。中新网记者 殷立勤 摄 深夜的上海机场航站楼和机坪灯火通明，广大干部职工们坚守一线，在凛冽的寒风中仔细巡查跑道、装 卸货物，在繁忙的航站楼里热情提供问询帮助、安全检查，在建设工地紧锣密鼓进行夜间施工，上海机 场人奋战在各自的岗位上，为保障航班安全起降、旅客顺畅出行、推进枢纽建设默默贡献力量。 高质量推进浦东国际机场四期扩建工程建设，南区 ...

人民财讯1月1日电，记者从上海机场（600009）集团了解到，2025年上海机场全年进出港航班量83.9万 架次，同比增长4.5%。全年旅客吞吐量超过1.35亿人次，同比增长8.3%，其中，虹桥机场年旅客吞吐量 首次突破5千万人次，跻身全球"5000万级俱乐部"。全年货邮吞吐量达到450万吨，同比增长7.9%，三大 生产运输指标再创历史新高。 ...

格隆汇1月1日｜据澎湃，从上海机场集团获悉，2025年上海机场全年进出港航班量83.9万架次，同比增 长4.5%；全年旅客吞吐量超过1.35亿人次，同比增长8.3%，其中虹桥机场年旅客吞吐量首次突破5000万 人次，跻身全球"5000万级俱乐部"；全年货邮吞吐量达到450万吨，同比增长7.9%。以上三大生产运输 指标再创历史新高。 ...