Core Viewpoint - The company announced a related party transaction involving the sale of database software to China Southern Airlines for a contract amount of 39.95 million yuan [1] Group 1: Transaction Details - The subsidiary Beijing Digital China Limited plans to sign a procurement contract for database software with China Southern Airlines [1] - The contract amount is 39.95 million yuan [1] - The transaction is classified as a related party transaction due to the company's chairman, Guo Wei, being an independent non-executive director at China Southern Airlines [1] Group 2: Board Approval - The company's 11th Board of Directors held its 19th meeting on September 26, 2025, where the proposal was approved [1] - Guo Wei abstained from voting due to the conflict of interest, while the other seven non-related directors voted in favor [1] - This related party transaction does not require submission for shareholder meeting approval [1]

9月25日晚，随着南方航空CZ6069航班从乌鲁木齐起飞前往迪拜，标志着停航近两年的乌市—迪拜客运 航线正式复航。该航线为新疆唯一直飞阿联酋航线，每周执飞两班。乌鲁木齐天山机场海关积极运用智 慧卫检闸机、红外测温等智能设备，创新实施行李"双预检"机制，有效提升旅客通关效率，为航线复航 提供有力保障。今年以来，该关已监管国际航线32条，其中新开10条，监管运输工具超9500架次，同比 增长128.6%。（海关发布） ...

Group 1 - The core point of the article highlights the expected increase in flight operations during the National Day and Mid-Autumn Festival period, with a total of 17,376 flights planned at Beijing Capital and Daxing airports, representing a 1.2% increase compared to the same period last year [1][3] - Beijing Capital Airport is set to handle 9,705 flights, while Daxing Airport will manage 7,671 flights during the holiday period [1] - The peak travel days are anticipated to be September 30 and October 1 before the holiday, with a subsequent peak on October 7 and 8 after the holiday [1] Group 2 - Multiple airlines are increasing their capacity, with China Southern Airlines planning to add over 2,700 extra flights from September 26 to October 10, totaling 48,000 flights, focusing on domestic routes in popular tourist and hometown return areas [3] - Domestic flight ticket bookings for the upcoming holiday have surpassed 10.19 million, with a daily average increase of approximately 6% compared to last year, while international flight bookings exceed 800,000, showing an 11% increase [3] - The top ten domestic routes from Beijing include five routes, such as Beijing to Shanghai and Beijing to Chengdu, while four of the top ten international routes from Beijing include destinations like Tokyo and Hong Kong [3]

Core Insights - The aviation and airport sector saw a slight increase of 0.44% on September 26, with Spring Airlines leading the gains [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Spring Airlines (601021) closed at 53.49, up 1.60% with a trading volume of 69,400 shares and a transaction value of 371 million yuan [1] - Other notable performers included: - Juneyao Airlines (603885) at 13.60, up 1.49% [1] - China Southern Airlines (600029) at 6.03, up 1.17% [1] - Hainan Airlines (600221) at 1.59, up 0.63% [1] - China Eastern Airlines (600115) remained unchanged at 4.09 [1] Capital Flow - The aviation and airport sector experienced a net outflow of 97.52 million yuan from institutional investors, while retail investors saw a net inflow of 110 million yuan [2] - The detailed capital flow for individual stocks showed: - Shanghai Airport (600009) had a net inflow of 12.24 million yuan from institutional investors [3] - China Southern Airlines (600029) faced a net outflow of 17.22 million yuan from institutional investors [3] - Hainan Airlines (600221) had a net outflow of 2.16 million yuan from institutional investors but a net inflow of 16.92 million yuan from retail investors [3]

该航线在乌鲁木齐新机场天山国际机场运行，将是中国与阿联酋之间航程最短的航线。旅客可便捷 通达新疆地区的喀纳斯、伊犁、喀什等热门目的地，也可以顺畅中转至全国各大城市及中西亚、南亚各 地。 空乘人员摆放纪念复航陈设。南方航空供图 人民网迪拜9月26日电 （记者管克江）中国南方航空于9月25日正式复航乌鲁木齐至迪拜直飞航 线，为中国与中东地区深化交流合作注入新动能。 该航线由波音737机型执飞，每周执行2个往返航班。乌鲁木齐至迪拜航班号CZ6069，每周四、日 当地晚上出发，飞行时间约6.5小时；迪拜至乌鲁木齐航班号CZ6070，每周一、五当地凌晨出发，飞行 时间约5.5小时。 ...

Core Points - The direct flight route from Urumqi to Dubai has officially resumed operations, enhancing economic cooperation and cultural exchanges between the two regions [1][3] - The flight is operated by China Southern Airlines Xinjiang Branch, with flights scheduled every Thursday and Sunday [3] Flight Details - The outbound flight CZ6069 departs from Urumqi at 23:50 Beijing time and arrives in Dubai at 02:15 local time [3] - The return flight CZ6070 leaves Dubai at 04:10 local time and arrives back in Urumqi at 13:40 Beijing time the next day [3] - The first flight carried 164 passengers, with 88 of them being transfer passengers, accounting for over 53% of total passengers [3] Aviation Network Development - Xinjiang has accelerated the construction of its aviation network, significantly improving route accessibility [3] - Currently, Xinjiang has a total of 595 civil aviation routes, including 25 international passenger routes connecting to 17 countries and regions [3]

Market Overview - On September 25, the aviation and airport sector declined by 0.11% compared to the previous trading day, with CITIC Heli leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China Eastern Airlines up by 0.99% to 4.09, and Xiamen Airport down by 0.97% to 14.29 [1][2] - The trading volume and turnover for major stocks were significant, with China Eastern Airlines recording a turnover of 390 million yuan [1] Capital Flow - The aviation and airport sector experienced a net outflow of 283 million yuan from institutional investors, while retail investors saw a net inflow of 103 million yuan [2] - The detailed capital flow indicated that Southern Airlines had a net inflow of 8.66 million yuan from institutional investors, while China National Airlines faced a net outflow of 51.88 million yuan [3]

Core Viewpoint - The article reports on the current flight operations at Shenzhen Bao'an Airport, highlighting the arrival and departure status of various flights, including delays and expected arrivals [1] Flight Operations Summary - Several flights have already departed from other locations and are expected to arrive in Shenzhen around 20:00 [1] - China Southern Airlines flight CZ6386 from Shenyang is scheduled to arrive at 19:48 [1] - Another China Southern Airlines flight CZ5672 on the same route has completed boarding [1] - Multiple inbound flights to Shenzhen are planned for later in the day, including flight CZ8128 from Tokyo, expected to arrive around 19:30 [1] Departure Status Summary - Departures from Shenzhen to destinations such as Dubai, Taipei, Sydney, and Riyadh are showing delays but have not been canceled [1] - Flights scheduled to depart from Shenzhen to Shanghai, Beijing, and Hangzhou after 21:00 are currently not showing any delays or cancellations [1]

Core Viewpoint - The Chinese aviation industry is entering a "super cycle" due to the recovery of supply and demand, with passenger load factors exceeding 2019 levels and expected to continue improving [1][2] Group 1: Market Dynamics - The market for airline ticket prices is becoming more liberalized, allowing for better transmission of high load factors to ticket prices [2] - The growth rate of airline fleets is slowing, reducing the negative impact of increased investment in third and fourth-tier cities on ticket prices [2] - The demand for air travel in China is still in its early stages, with low frequency and penetration, indicating a long-term growth trend [2] Group 2: Seasonal Performance - In Q3, despite a temporary decline in business and commercial demand, profitability is still expected to exceed that of Q3 2019 [3][4] - The recovery of business demand in September is anticipated to set a historical high for the month, with domestic ticket prices turning positive year-on-year [4] Group 3: Future Outlook - The upcoming National Day and Mid-Autumn Festival are expected to drive strong travel demand, with airlines optimistic about pre-sale volumes and prices [5] - Continuous monitoring of business demand recovery post-October meetings is crucial, as sustained recovery could significantly elevate airline profitability by 2026 [5] - The Chinese aviation sector is expected to maintain strict control over flight schedules, which will help airlines reduce losses and improve profitability in the medium term [5] Group 4: Investment Recommendations - The long-term logic of the aviation "super cycle" suggests significant potential for performance and valuation growth, recommending strategic investment in high-quality airline networks [6] - Preferred stocks include China National Aviation (601111.SH), Juneyao Airlines (603885.SH), China Southern Airlines (600029.SH), China Eastern Airlines (600115.SH), and Spring Airlines (601021.SH) [6]

Core Viewpoint - Southern Airlines has successfully integrated traditional cultural elements into its flight experience, enhancing passenger engagement and creating memorable journeys [1][2]. Group 1: Cultural Engagement - On September 21, Southern Airlines' Xinjiang branch organized a unique autumn equinox-themed event on flight CZ6963 from Urumqi to Chengdu, showcasing traditional culture at high altitudes [1]. - The flight crew narrated the characteristics and customs associated with the autumn equinox, such as moon worship and seasonal foods, captivating passengers with the cultural significance of the festival [1]. - A knowledge quiz about the autumn equinox engaged passengers, with questions that sparked enthusiasm and participation [1]. Group 2: Passenger Experience - Passengers expressed that the flight, originally ordinary, became memorable due to Southern Airlines' thoughtful planning, allowing them to enjoy traditional culture during their journey [2]. - The airline's service philosophy of "affectionate and meticulous" was evident, as they aimed to create a culturally rich and warm flying experience [2]. - Specially prepared drinks, such as osmanthus oolong tea, allowed passengers to taste the essence of autumn even at high altitudes [1].