香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：1055） 於其他市場發佈的公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 证券代码：600029 证券简称：南方航空 公告编号：临 2026-001 转债代码：110075 转债简称：南航转债 中国南方航空股份有限公司 可转债转股结果暨股份变动公告 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。 重要内容提示： 累计转股情况：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 10,103,780,000 元南航转债转换成公司 A 股股票，累计转 股股数为 1,619,195,753 股，占南航转债转股前公司已发行股份 总额的比例约为 ...

证券代码：600029 证券简称：南方航空 公告编号：临 2026-001 转债代码：110075 转债简称：南航转债 中国南方航空股份有限公司 可转债转股结果暨股份变动公告 公司于 2022 年 8 月 10 日完成向南龙控股有限公司发行 368,852,459 股 H 股普通股，根据《中国南方航空股份有限公司 公开发行 A 股可转换公司债券募集说明书》的相关条款，自 2022 年 8 月 12 日起，"南航转债"的转股价格由人民币 6.24 元/股调 整为人民币 6.20 元/股。 公司于 2022 年 11 月 23 日完成向中国南方航空集团有限公 司发行 803,571,428 股 A 股普通股，根据《中国南方航空股份有 限公司公开发行 A 股可转换公司债券募集说明书》的相关条款， 自 2022 年 11 月 28 日起，"南航转债"的转股价格由人民币 6.20 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。 重要内容提示： 累计转股情况：南航转债的转股期间为 2021 年 4 月 21 日至 2026 年 10 月 ...

呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01055 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,643,997,308 | RMB | | 1 | RMB | | 4,643,997,308 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 4,643,997,308 | RMB | | 1 | RMB | | 4,643,997,308 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | ...

Market Overview - The Shanghai Composite Index rose by 1.38% on January 5, with 26 out of 28 sectors experiencing gains, led by Media and Pharmaceutical sectors, which increased by 4.12% and 3.85% respectively [1] - The sectors that saw declines included Oil & Gas and Banking, with decreases of 1.29% and 0.34% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets was 8.334 billion yuan, with 15 sectors experiencing net inflows [1] - The Electronics sector had the highest net inflow, totaling 9.481 billion yuan, with a daily increase of 3.69% [1] - The Pharmaceutical sector followed with a net inflow of 4.379 billion yuan and a daily increase of 3.85% [1] - Conversely, 16 sectors experienced net outflows, with the Machinery Equipment sector leading at a net outflow of 3.694 billion yuan [1] - The Defense and Aerospace sector also saw significant outflows, totaling 3.411 billion yuan [1] Transportation Sector Performance - The Transportation sector declined by 0.30%, with a net outflow of 999 million yuan [2] - Out of 126 stocks in this sector, 64 stocks rose while 55 stocks fell [2] - The stocks with the highest net inflows included China Eastern Airlines, with a net inflow of 114 million yuan, followed by Wuzhou International and Southern Airlines with inflows of 78.9247 million yuan and 67.8255 million yuan respectively [2] - The stocks with the highest net outflows included COSCO Shipping Holdings, with a net outflow of 199.4076 million yuan, followed by Daqin Railway and HNA Holding with outflows of 175.7832 million yuan and 159.9235 million yuan respectively [4]

Market Overview - The aviation and airport sector experienced a decline of 0.31% on January 5, with China National Aviation leading the drop [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China National Aviation closing at 9.20, down 1.81%, and China Eastern Airlines at 6.05, up 0.83% [2] - The trading volume and turnover for major stocks included: - China National Aviation: 1.22 million shares, turnover of 1.11 billion [2] - China Eastern Airlines: 1.79 million shares, turnover of 1.07 billion [2] - Xiamen Airport: 66,800 shares, turnover of 115 million [2] Capital Flow - The aviation and airport sector saw a net inflow of 119 million from institutional investors, while retail investors experienced a net outflow of 173 million [2] - The capital flow for specific stocks indicated: - China Eastern Airlines had a net inflow of 94.70 million from institutional investors [3] - China National Aviation faced a net outflow of 18.89 million from institutional investors [3] - Shenzhen Airport had a net inflow of 12.24 million from institutional investors [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國南方航空股份有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01055 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,643,997,308 | RMB | | 1 | RMB | | 4,643,997,308 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 4,643,997,308 | RMB | | 1 | RMB | | 4,643,997,308 | | 2. ...

Investment Rating - The report maintains an "Overweight" rating for the transportation industry [2] Core Views - The report highlights a significant year-on-year increase in travel demand during the New Year holiday period, attributed to a low base effect from the previous year [6] - The aviation sector is expected to benefit from limited supply growth, rising ticket prices, and improved profitability due to favorable oil prices and currency exchange rates [9] Summary by Sections Travel Demand Growth - During the 2026 New Year holiday, cross-regional travel reached 595 million trips, averaging 198 million trips per day, with a year-on-year growth of 19.62% [6] - Rail travel saw the highest growth at 52.6%, while civil aviation grew by 10.4% and intercity buses by 20.8% [6] Aviation Sector Insights - Civil aviation passenger volume reached 5.88 million during the holiday, with a daily average of 1.96 million, reflecting a 10.4% increase year-on-year [6] - Average domestic economy class ticket prices rose to 684.6 yuan, showing a recovery trend after a decline in the previous year [6] Road and Rail Travel - Road travel accounted for 540 million trips, with a daily average of 18 million, marking a 15.7% increase year-on-year [7] - Rail travel demand remained strong, with an estimated 48.09 million trips during the holiday, reflecting a 52.7% year-on-year increase [8] Investment Recommendations - The report recommends focusing on the aviation sector for 2026, anticipating strong performance during the Spring Festival and sustained demand growth in the medium to long term [9] - Key stocks recommended include Huaxia Airlines, Spring Airlines, and China Southern Airlines, all rated as "Buy" with target prices set for 2026 [5][12]

Investment Rating - The report maintains a positive outlook on the shipping industry, particularly in light of recent developments in Venezuela and the increase in new ship prices [1][2]. Core Insights - Venezuela's political changes are expected to benefit compliant tanker markets, with a potential increase in oil exports leading to higher demand for Aframax tankers and VLCCs [3][4]. - New ship prices have shown an upward trend, with a 0.5% increase reported, particularly in gas carriers which rose by 1% [3]. - The report highlights a significant drop in VLCC freight rates, which fell by 36% week-on-week, while the Atlantic market remains relatively stable [3][4]. Summary by Sections Shipping Market - The report notes that the recent escalation in Venezuela's situation could lead to a 1.4% increase in compliant VLCC oil transport demand and a 4.0% increase for Aframax tankers [3][4]. - The average VLCC freight rate was reported at $43,895 per day, with Middle East to Far East rates dropping to $38,690 per day, a decrease of 45% from the previous week [3][4]. New Ship Prices - New ship prices have increased by 0.5% to 185.59 points, although they are down 1.85% compared to the beginning of 2025 [3][4]. Oil and Product Transport - The LR2-TC1 freight rate increased by 5% to $42,671 per day, supported by tight capacity in previous weeks [3]. - The report indicates a decline in MR average freight rates by 5% to $23,103 per day, with the Atlantic market remaining stable despite the holiday season [3][4]. Air Transport - The report anticipates significant improvements in airline profitability due to supply constraints and increasing passenger volumes, recommending several airlines for investment [3][4]. Express Delivery - The express delivery sector is entering a new phase of competition, with three potential scenarios outlined for future performance [3][4]. Rail and Road Transport - Rail freight volumes and highway truck traffic are expected to maintain steady growth, with recent data showing a slight decrease in volumes [3][4].

Investment Rating - The report maintains an "Accumulate" rating for the transportation industry [5] Core Views - The domestic flight ticket bookings for the New Year period in 2026 exceeded 3.83 million, a year-on-year increase of 28%, while international flight bookings surpassed 740,000, up 14% year-on-year, indicating strong demand [1][2] - The report remains optimistic about the long-term outlook for the aviation sector under the themes of "expanding domestic demand" and "anti-involution" [2][12] - In the oil shipping sector, attention is drawn to the support for freight rates during the off-season and the timing of investments, particularly focusing on China Merchants Energy Shipping and COSCO Shipping Energy [3][15] Summary by Sections Weekly Insights and Market Review - The transportation sector index fell by 0.70% during the week of December 29, 2025, to January 2, 2026, underperforming the Shanghai Composite Index by 0.83 percentage points [18] - The best-performing segments were air transportation and warehousing logistics, with increases of 5.14% and 0.41%, respectively [18][19] Travel - The report highlights the strong recovery in air travel demand, with a focus on the low growth rate of capacity supply and the continuous recovery of demand, which is expected to narrow the supply-demand gap [2][12] Shipping and Ports - Oil shipping rates have continued to decline, with VLCC market rates dropping to $34,158 per day as of December 31 [3][13] - The dry bulk shipping indices have also seen a decline, with the BDI index at 1,882 points on January 2, 2026 [14] - The report emphasizes the importance of monitoring the support for freight rates during the off-season and the potential impact of geopolitical developments on shipping logistics [15] Logistics - The report identifies two main investment themes in the express delivery sector: 1. Expansion into overseas markets, with Jitu Express planning significant investments in new market operations [4][16] 2. The impact of anti-involution on the industry, where the growth rate is slowing due to increased competition and rising prices, leading to a concentration of market share among leading companies [4][17]

中央纪委国家监委网站1月4日消息，经中共中央批准，中央纪委国家监委对中国东方航空集团有限公司 原党组书记、董事长刘绍勇严重违纪违法问题进行了立案审查调查。 经查，刘绍勇丧失理想信念，背弃初心使命，对抗组织审查，搞迷信活动；违反中央八项规定精神，违 规接受宴请和打高尔夫球活动安排；在职工录用工作中为他人谋取利益并收受财物；廉洁底线失守，违 规收受礼金，利用职权或职务上的影响为亲属从事私募基金等经营活动谋取利益，违规拥有非上市公司 股份；毫无纪法底线，将公权力异化为谋取个人私利的工具，大搞权钱交易，利用职务便利为他人在项 目承揽、航班管理、飞机租赁等方面谋利，并非法收受巨额财物。 刘绍勇严重违反党的政治纪律、组织纪律、廉洁纪律和生活纪律，构成严重职务违法并涉嫌受贿犯罪， 且在党的十八大后不收敛、不收手，性质严重，影响恶劣，应予严肃处理。依据《中国共产党纪律处分 条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定，经中央纪委常 委会会议研究并报中共中央批准，决定给予刘绍勇开除党籍处分；按规定取消其享受的待遇；收缴其违 纪违法所得；将其涉嫌犯罪问题移送检察机关依法审查起诉，所涉财物一并移送。 ...