Core Viewpoint - The aviation and airport sector experienced a slight decline of 0.2% on January 7, with CITIC Hainan Airlines leading the drop. The Shanghai Composite Index rose by 0.05%, while the Shenzhen Component Index increased by 0.06% [1]. Group 1: Stock Performance - Xiamen Airport (600897) closed at 17.72, up by 2.72% with a trading volume of 151,500 shares and a transaction value of 268 million yuan [1]. - Southern Airlines (600029) closed at 8.15, up by 0.74% with a trading volume of 448,600 shares and a transaction value of 366 million yuan [1]. - Spring Airlines (601021) closed at 59.04, up by 0.63% with a trading volume of 63,900 shares and a transaction value of 379 million yuan [1]. - China Eastern Airlines (600115) closed at 6.14, up by 0.16% with a trading volume of 873,400 shares and a transaction value of 538 million yuan [1]. - China National Aviation (601111) closed at 9.15, down by 0.54% with a trading volume of 581,300 shares and a transaction value of 534 million yuan [2]. Group 2: Capital Flow - The aviation and airport sector saw a net outflow of 247 million yuan from institutional investors, while retail investors contributed a net inflow of 184 million yuan [2]. - Xiamen Airport had a net inflow of 41.95 million yuan from institutional investors, accounting for 15.68% of its total trading [3]. - Shanghai Airport experienced a net inflow of 28.87 million yuan from institutional investors, representing 7.73% of its total trading [3]. - China Eastern Airlines had a net outflow of 21.72 million yuan from institutional investors, with retail investors contributing a net inflow of 13.25 million yuan [3].

Core Viewpoint - The aviation industry is expected to see a significant recovery in passenger turnover and profitability by 2025, with a projected passenger turnover of 1,099 billion person-kilometers in November 2025, representing an 18.2% increase compared to 2019 and a 9.6% increase compared to 2024 [1]. Aviation Passenger Transport Key Data - Demand: In November 2025, domestic passenger turnover (excluding regional) is projected to be 809 billion person-kilometers, up 19.6% from 2019 and 6.3% from 2024. International and regional passenger turnover is expected to reach 291 billion person-kilometers, reflecting a 14.5% increase from 2019 and a 19.9% increase from 2024 [1]. - Supply: The available seat kilometers in November 2025 are projected to be 1,283 billion, up 12.4% from 2019 and 6.4% from 2024. The passenger load factor is expected to be 85.7%, an increase of 4.2 percentage points from 2019 and 2.5 percentage points from 2024 [2]. - Ticket Prices: In November, the average full ticket price for domestic routes is expected to rise by 3.5% year-on-year, while the bare ticket price is expected to increase by 3.8% [2]. - Performance of Listed Airlines: In November, the year-on-year RPK changes for major airlines on domestic routes are as follows: China Southern +7.4%, Air China +7.4%, China Eastern +5.1%, Hainan Airlines +4.5%, Spring Airlines +17.9%, and Juneyao Airlines +0.8%. The ASK changes for these airlines are +5.4%, +3.8%, +2.1%, +2.8%, +16.3%, and -0.5% respectively [2]. Air Cargo Key Data - In November 2025, the number of international and regional cargo flights is expected to reach 15,977, reflecting a 12.4% increase month-on-month and a 14% increase year-on-year. The theoretical cargo capacity is projected to be 110 million tons, with an 8.2% month-on-month increase and a 12.2% year-on-year increase [3]. - The average TAC Shanghai outbound air freight price index is expected to be 5,469 points, reflecting a 1.5% month-on-month increase and a 16.2% year-on-year increase [3]. Investment Perspective - The increase in holiday time and significant year-on-year growth in industry volume and price suggest a positive outlook for Q1 spring travel performance. The recent seven-day passenger flow shows a year-on-year increase of 12.9%, with domestic passenger flow up 13.7% and bare ticket prices up 7.9% [4]. - The industry is expected to benefit from supply-demand recovery, improved oil and exchange rate conditions, and a clear trend of profitability recovery. The fourth quarter is anticipated to see a significant reduction in losses due to demand growth and stabilized ticket prices, with 2025 expected to be the first year of profitability for major airlines [4]. - Recommended stocks include Air China (601111), China Southern Airlines (600029), Juneyao Airlines (603885), Spring Airlines (601021), and Huaxia Airlines (002928), with a suggestion to pay attention to China Eastern Airlines (600115) [4].

#专升本考生发现收款方为南方航空#【#四川考试院回应考试收款方南方航空#：可能是备注错误，正在 核查】近日，四川省2026年普通高校专升本考试报名工作正在进行。然而，部分考生在缴费过程中发 现，支付页面显示的收款方信息为"南方航空"，而非"四川省教育考试院"。这一异常情况，让部分考生 对缴费及报名是否成功产生担忧。1月6日，大皖新闻记者从四川省教育考试院获悉，出现这种情况可能 是因备注错误导致。目前，该考试院正在进一步核查该事件。大皖新闻记者注意到，有考生在社交媒体 上发帖称，尽管缴费成功后下方商户全称确为"四川省教育考试院"，但页面上方却出现了"南方航空"字 样，而往届考生表示以前未遇到过此类问题。在相关讨论中，多名考生表示遇到了相同情况，并附上了 缴费前同样显示"南方航空"的页面截图，有考生直言"当时连缴费都不敢交""好心慌"。不过，也有部分 考生的支付信息显示正常，收款方为四川省教育考试院。1月6日，大皖新闻记者咨询了四川省教育考试 院。一位工作人员表示，若付款界面中，商品全称为四川省教育考试院，收单机构为广州合利宝支付科 技有限公司，则没有问题。出现这种情况可能是因为备注错误，目前教育考试院正在核实此 ...

中新网新疆新闻1月7日电（薛越 骆俊峰）298万元——当这个数字最终定格在南航新疆驻村工作队的年 度报告上时，工作队队员们先是陷入一阵沉默，随即响起一阵轻轻的、如释重负的掌声。这不仅仅是南 航产业帮扶为三个定点帮扶村带来的集体增收，更是一张张被烈日刻黑的脸庞上终于绽放的笑容，是曾 经荒芜的土地上生长出的新绿，是深夜里饲料机终于平稳运转时那一声动人的轰鸣。 转折发生在7月15日清晨。经过又一次调试，饲料机启动后持续发出"嗡嗡"声，再未中断。金黄色的饲 料颗粒如细雨般洒落，鹅群涌来争相啄食。队员们互相看了看，谁也没说话，只是不约而同地长舒一口 气，眼底却有热意涌上来。从那一天起，一切开始走向正轨。鹅苗一天天变得雪白丰腴，像一片移动的 云朵落在金黄的沙土地上。 集中出栏那天，村里犹如过年。四批共4400多只大白鹅被送上卡车，老乡们围在路边，目光追随着车 辆，眼中满是骄傲、不舍，更有对未来的憧憬。所有人都明白，送走的不仅是鹅，更是这片土地沉睡多 年后被唤醒的生机。 养鹅的成功，像一把钥匙，打开了更多可能。曾经被认为"种不出东西"的沙土地，试种的黑枸杞顽强扎 下了根；试种的七彩花生亩产高达600公斤，远超全国平均水平； ...

Core Viewpoint - The Southern Airlines Xinjiang Branch has initiated a year-end early departure business inspection to address challenges posed by complex weather conditions at the end of the year and beginning of the new year, ensuring a solid safety foundation for operations in 2026 [1] Group 1: Safety Measures - The inspection aims to evaluate the effectiveness of previous deployments and strengthen safety measures to ensure smooth operations [1] - The inspection team focuses on communication skills, emotional management, and the ability to identify abnormal behaviors among crew members [1] - Emphasis is placed on effective communication and adherence to regulations to prevent conflicts during complex situations [1] Group 2: Responsibility and Training - The Southern Airlines Xinjiang Branch actively promotes safety responsibility through the year-end inspection, aiming to improve safety protocols and training [1] - The company reinforces a "red line" awareness and "bottom line" thinking among all staff to ensure the implementation of air defense safety measures [1] - The focus is on risk prevention in flight safety production to ensure compliance with safety standards [1]

Core Insights - The aviation and airport sector saw a 0.5% increase on January 6, with Juneyao Airlines leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up 1.5%, while the Shenzhen Component Index closed at 14022.55, up 1.4% [1] Stock Performance - Juneyao Airlines (603885) closed at 15.26, up 3.32% with a trading volume of 252,100 shares and a turnover of 379 million yuan [1] - China Eastern Airlines (600115) closed at 6.13, up 1.32% with a trading volume of 2,259,400 shares and a turnover of 1.373 billion yuan [1] - Shenzhen Airport (000089) closed at 7.05, up 1.15% with a trading volume of 135,900 shares and a turnover of 95.385 million yuan [1] - Shanghai Airport (600009) closed at 32.97, up 0.83% with a trading volume of 121,000 shares and a turnover of 398 million yuan [1] - Xiamen Airport (600897) closed at 17.25, up 0.29% with a trading volume of 73,800 shares and a turnover of 12.7 million yuan [2] Capital Flow - The aviation and airport sector experienced a net outflow of 146 million yuan from institutional investors, while retail investors saw a net inflow of 10.53 million yuan [2] - Major stocks like Juneyao Airlines and Shanghai Airport attracted significant net inflows from retail investors, while others like Xiamen Airport and Spring Airlines faced net outflows [3]

Group 1 - The three major airlines in Hong Kong have collectively risen in stock prices, indicating positive market sentiment [1] - China Southern Airlines (01055.HK) increased by 3.21%, reaching HKD 6.11 [1] - China Eastern Airlines (00670.HK) rose by 2.38%, with a stock price of HKD 5.59 [1] - Air China (00753.HK) saw a 2.1% increase, trading at HKD 7.3 [1]

Core Viewpoint - The three major airlines in China have seen a collective rise in stock prices, indicating positive market sentiment driven by anticipated growth in passenger traffic and favorable industry trends [1] Group 1: Airline Stock Performance - China Southern Airlines (600029) increased by 3.21%, reaching HKD 6.11 [1] - China Eastern Airlines (00670) rose by 2.38%, reaching HKD 5.59 [1] - Air China (601111) gained 2.1%, reaching HKD 7.3 [1] Group 2: Passenger Traffic Projections - The Ministry of Transport forecasts that from December 31, 2025, to January 2, 2026, the total civil aviation passenger volume will reach 5.976 million, representing a year-on-year growth of 13% [1] - On January 3, the national civil aviation is expected to transport 2.08 million passengers, marking a year-on-year increase of 21.8% [1] Group 3: Industry Outlook - Huayuan Securities suggests that Q3 performance may signal the start of a long-term market trend [1] - Current demand growth is stable and sustainable, with both existing and new supply tightening [1] - Improvements in cost due to oil and exchange rates, along with a consensus on "anti-involution" within the industry, are forming clear trends [1] - It is recommended to position investments in advance [1]

截至2025年12月31日，尚未转股的南航转债金额为人民币58.96亿元，占南航转债发行总量的比例约为 36.85%。 智通财经APP讯，中国南方航空股份(01055)发布公告，南航转债的转股期间为2021年4月21日至2026年 10月14日。截至2025年12月31日累计已有人民币101.04亿元南航转债转换成公司A股股票，累计转股股 数为16.19亿股，占南航转债转股前公司已发行股份总额的比例约为10.56%。 自2025年10月1日至2025年12月31日期间，南航转债累计转股金额为人民币2.3万元，累计转股股数为 3726股。 ...

智通财经APP讯，中国南方航空股份(01055)发布公告，南航转债的转股期间为2021年4月21日至2026年 10月14日。截至2025年12月31日累计已有人民币101.04亿元南航转债转换成公司A股股票，累计转股股 数为16.19亿股，占南航转债转股前公司已发行股份总额的比例约为10.56%。 自2025年10月1日至2025年12月31日期间，南航转债累计转股金额为人民币2.3万元，累计转股股数为 3726股。 截至2025年12月31日，尚未转股的南航转债金额为人民币58.96亿元，占南航转债发行总量的比例约为 36.85%。 ...