Core Viewpoint - The aviation and airport sector experienced a rise of 1.24% on November 13, with Huaxia Airlines leading the gains, while the overall market indices also showed positive performance [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4029.5, up 0.73%, and the Shenzhen Component Index closed at 13476.52, up 1.78% [1]. - Key stocks in the aviation and airport sector showed varying degrees of increase, with Huaxia Airlines rising by 3.19% to a closing price of 12.30 [1]. Group 2: Stock Performance - The following stocks in the aviation and airport sector had notable performances: - Huaxia Airlines: 12.30, +3.19%, volume 287,000 [1] - Xiamen Airport: 17.22, +2.32%, volume 141,500 [1] - Shanghai Airport: 34.55, +1.74%, volume 264,200 [1] - Spring Airlines: 59.82, +1.54%, volume 55,700 [1] - China National Aviation: 8.85, +1.26%, volume 560,500 [1] - Baiyun Airport: 10.33, +1.18%, volume 250,100 [1] - China Eastern Airlines: 5.32, +1.14%, volume 1,091,200 [1] - Southern Airlines: 7.32, +1.10%, volume 456,700 [1] - HNA Holding: 1.87, +1.08%, volume 7,282,400 [1] - Juneyao Airlines: 14.75, +0.55%, volume 216,000 [1]. Group 3: Capital Flow - The aviation and airport sector saw a net outflow of 46.93 million yuan from institutional investors and a net outflow of 104 million yuan from speculative funds, while retail investors contributed a net inflow of 151 million yuan [2]. - Detailed capital flow for specific stocks indicated that: - China Eastern Airlines had a net inflow of 62.69 million yuan from institutional investors [3]. - HNA Holding experienced a net outflow of 31.68 million yuan from speculative funds [3]. - Retail investors showed a net inflow of 22.73 million yuan into Juneyao Airlines [3].

11月7日以来，辽宁省代表团陆续来到沈阳桃仙国际机场前往广州。南航提前收集相关信息和需求，并预留座位，提前打好登机牌。地面服务方 面，设立十五运会和残特奥会专属值机区域和值机柜台，为团队托运行李拴挂优先行李牌，十五运会和残特奥会专属标识牌。在行李托运环节， 运动员行李单独分拣摆放、单独装入拖斗，最后单独装机，并放置在靠近货舱门口位置，便于航班到达目的地后第一时间交给团队旅客。 新华网沈阳11月11日电 第十五届全国运动会开幕以来，辽宁省代表团的各参赛队伍正陆续启程奔赴赛场。南航北方分公司组建联合保障专项组， 确保辽宁省代表团出行安全、高效、便捷。 自今年8月起，南航与辽宁省体育局、辽宁省体育事业发展中心商议专项服务保障工作事宜，详细了解辽宁各参赛队需求，制定了《2025年全运会 辽宁省代表团服务保障方案》。通过积极协调航班运行，确保航班时刻稳定、运力充足，明确了票务保障、预留座位、协助特殊行李托运、安排 快速安检以及优先登机等一系列细致入微的服务保障流程。 在沈阳桃仙国际机场，辽宁省代表团正在托运行李，准备登机前往广州。受访单位供图 ...

Group 1: Horizon Robotics (09660) - Horizon Robotics has experienced a significant decline, with a recent high of 11.32 HKD and a low of 8.03 HKD, closing at 8.33 HKD today. Investors remain optimistic about the stock's potential to break through 11.32 HKD [1] - Currently, there are no related warrants available in the market, only two call options with substantial out-of-the-money margins. Investors may need to wait for more closely priced products to be issued [1] - If investors are optimistic about the stock, they should consider monitoring the stock itself rather than relying on warrants, which may decline significantly if the stock does not rise or remains stagnant [1] Group 2: China Southern Airlines (01055) - China Southern Airlines has shown a strong upward trend, but trading volume has started to weaken, indicating potential fatigue in the stock's performance [2] - Investors are still optimistic, believing the stock could reach 6 HKD or even 6.3 HKD, although the immediate resistance level is around 5.43 HKD [2] - There are limited warrant products available for this stock, with one at an exercise price of 4.88 HKD and another upcoming at 6.66 HKD, making investor choices quite limited [4] Group 3: GCL-Poly Energy (03800) - GCL-Poly Energy's stock price has not performed well, dropping to a low of 1.25 HKD and closing at 1.32 HKD, with significant trading volume during the decline [4] - Despite the downturn, investors remain confident that the stock could rebound above 1.5 HKD, needing to first break the resistance at 1.45 HKD [4] - There are several warrant options available, with some having favorable terms, including three products expiring in March with exercise prices around 1.68 HKD to 1.69 HKD [7] Group 4: China Duty Free Group (01880) - China Duty Free Group's stock has shown volatility, recently reaching a high before closing at 78.9 HKD, with some investors still seeing potential for upward movement [8] - There are multiple warrant options available at exercise prices around 79 HKD and 80 HKD, with one product showing a leverage advantage of 3.5 times and a low implied volatility of 64.8% [8] - The market for warrants related to this stock is competitive, with various products available, indicating a healthy interest from issuers despite the stock being less frequently mentioned [8]

《中国民航报》、中国民航网 记者胡夕姮 通讯员韩筱、 潘水花 报道：11月10日，南航上海分公司在浦 东飞往昆明的CZ3677航班上，成功举办了一场以"锂享安全 木棉畅行"为主题的云端消防课堂。此次活 动聚焦民航出行中的消防安全，特别是锂电池设备的安全使用规范，通过创新互动实操体验，提升广大 旅客的安全出行意识与应急处突能力。 为了强化科普宣传效果，让安全知识入脑入心，航班还设置了趣味盎然的现场互动问答与实操体验环 节。针对锂电池在机上突发起火这一紧急场景，乘务组利用机上常备物品，现场模拟规范、有效的处置 流程，并邀请旅客亲身参与体验。这种寓教于乐的方式得到了旅客们的积极响应和广泛好评。 （本文图片均由南航上海分公司提供） 活动中，乘务组精心设计了"云端小课堂""安全守护站"等多个环节。在"云端小课堂"上，乘务组明确提 示旅客，内含锂电池的电子设备登机需具备3C标识，且必须随身携带，不可托运；在"安全守护站"环 节，乘务组利用现场教学，重点关注旅客充电宝使用情况，对机上违规充电行为做到及时发现、立即制 止，并进行一对一的规范指导与安全提醒，建议旅客将个人携带的锂电池设备妥善存放，避免因意外挤 压碰撞而引发自燃 ...

南方航空（600029）(01055)再涨超5%，截至发稿，涨4.54%，报5.53港元，成交额1.26亿港元。 信达证券（601059）发布研报称，三季度暑运期间，公司单位客收及座收跌幅控制得当，客座率高位提 升，业绩取得亮眼表现。四季度初期国庆假期出行需求旺盛，十月份行业票价明显改善，公商务出行同 比或能明显好转，看好公司座收回升。叠加油价下行及人民币汇率走强等因素，公司全年业绩有望转 盈，看好未来利润弹性增长。 消息面上，南方航空发布2025年三季报。2025年前三季度，公司实现营业收入1377亿元，同比增长 2.2%；实现归母净利23.07亿元，同比增长17.4%。单看第三季度，公司营收514亿元，同比增长3.0%， 归母净利38.4亿元，同比增长20.3%。 ...

信达证券发布研报称，三季度暑运期间，公司单位客收及座收跌幅控制得当，客座率高位提升，业绩取 得亮眼表现。四季度初期国庆假期出行需求旺盛，十月份行业票价明显改善，公商务出行同比或能明显 好转，看好公司座收回升。叠加油价下行及人民币汇率走强等因素，公司全年业绩有望转盈，看好未来 利润弹性增长。 智通财经APP获悉，南方航空(01055)再涨超5%，截至发稿，涨4.54%，报5.53港元，成交额1.26亿港 元。 消息面上，南方航空发布2025年三季报。2025年前三季度，公司实现营业收入1377亿元，同比增长 2.2%；实现归母净利23.07亿元，同比增长17.4%。单看第三季度，公司营收514亿元，同比增长3.0%， 归母净利38.4亿元，同比增长20.3%。 ...

自今年初以来，新疆文旅市场保持高速增长态势，前10个月全疆旅游人数同比增长31.12%，增速居全 国首位。作为新疆规模最大的主基地航空公司，南航今年以运力增大和网络优化双轮驱动，暑运期间加 密乌鲁木齐至深圳、昆明、贵阳、香港、第比利斯等热门旅游城市航班，增加喀什直飞广州、阿勒泰直 飞北京等热门旅游航线，新开喀什—香港、乌鲁木齐—伊斯坦布尔等航线，为旅客提供了更加多样化的 出行选择。 冬春航季，南航在新疆计划执飞航线100条，通航城市达到68个，日均航班量达230架次；同时升级中转 服务，为旅客提供更加便捷的乌鲁木齐中转和衔接方案，成为枢纽效能提升的关键引擎。截至目前，南 航今年在乌鲁木齐枢纽进出港航班靠桥率同比提升9.61%，国际转国内最短中转衔接时间较去年压缩10 分钟。至阿拉木图、比什凯克航线先后推出"通程联运、隔夜一票"服务，旅客在始发站享受通程值机和 托运服务，在乌鲁木齐停留期间免提行李，中转效率大幅提升。疆内中转旅客可享"一票到底、行李直 挂"服务，进一步提升旅客转机效率。今年南航在乌鲁木齐机场累计保障中转旅客114.70万人次，同比 增长7.64%，其中急转旅客5.2万人次，旅客当日成行率达99. ...

Group 1 - The core point of the article is the launch of a direct flight route by China Southern Airlines (CZ6859) from Altay to Shanghai, enhancing connectivity and travel options for passengers [1] - The flight takes approximately 5 hours and operates three times a week, with specific departure and arrival times outlined [1] - This new route is part of a broader strategy by China Southern Airlines to expand its network, having opened a total of 9 routes in the Altay region this winter, connecting to major cities like Beijing, Guangzhou, and Wuhan [4] Group 2 - The Altay region is recognized as the "origin of human skiing," boasting a rich history and resources related to winter sports [4] - China Southern Airlines is integrating aviation with the cultural tourism industry by offering promotional activities such as "free skiing with a ticket" and "worry-free skiing in Xinjiang," which combine flight tickets, skiing, and hotel resources for a comprehensive travel experience [4] - Passengers flying with China Southern Airlines this winter can enjoy discounts on skiing or sightseeing by presenting their boarding passes at designated locations [4]

Core Viewpoint - The arrival of the new snow season has led to an increase in travel demand in the Altay region, prompting Southern Airlines to launch nine new routes to enhance its ice and snow travel network [1]. Group 1: Travel Demand and Airline Response - Southern Airlines has reported a nearly 4% year-on-year increase in passenger volume in the Altay region for October [1]. - The airline has introduced a direct flight route from Altay City to Shanghai Pudong, connecting Altay City with six other cities including Beijing, Guangzhou, and Wuhan [1]. - Southern Airlines continues to operate flights from Urumqi to Altay, Fuyun, and Kanas, promoting the integration of air travel with ice and snow tourism [1]. Group 2: Tourism Initiatives - Altay boasts a rich skiing culture and abundant ice and snow resources, making it an attractive destination for winter sports [1]. - Southern Airlines is actively promoting the integration of aviation and cultural tourism by launching initiatives such as "free skiing with a ticket" and "worry-free snow in Xinjiang," which combine flight tickets, skiing, and accommodation [1]. - These initiatives aim to create a more convenient and enriching one-stop ice and snow tourism experience for travelers [1].

Market Overview - The aviation and airport sector increased by 0.18% on November 12, with Juneyao Airlines leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Juneyao Airlines (603885) closed at 14.67, up 2.88% with a trading volume of 330,300 shares and a turnover of 483 million yuan [1] - Shanghai Airport (600009) closed at 33.96, up 1.28% with a trading volume of 304,800 shares and a turnover of 1.041 billion yuan [1] - China Southern Airlines (600029) closed at 7.24, down 0.69% with a trading volume of 369,200 shares and a turnover of 26.9 million yuan [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 90.94 million yuan from institutional investors, while retail investors saw a net inflow of 72.62 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - HNA Holding (600221) had a net inflow of 11.8 million yuan from institutional investors, but a net outflow of 80.67 million yuan from retail investors [3] - China Eastern Airlines (600115) saw a net inflow of 9.36 million yuan from institutional investors, while retail investors had a net outflow of 22.33 million yuan [3] - Shenzhen Airport (000089) experienced a significant net outflow of 14.59 million yuan from institutional investors, but a net inflow of 12.94 million yuan from retail investors [3]