航空股逆市上扬，截至发稿，东方航空(00670)涨1.92%，报4.78港元；南方航空（600029）(01055)涨 1.16%，报5.25港元；中国国航（601111）(00753)涨0.94%，报6.43港元。 消息面上，12月16日，在岸、离岸人民币对美元汇率再次走强。其中，离岸人民币对美元汇率再次击穿 7.04，盘中一度升至7.03725，创2024年10月4日以来新高。此外，三大航淡季客座率仍较为强势。东方 航空11月客座率为87.37%，同比上升3.04个百分点；南方航空11月客座率为86.29%，同比上升1.36个百 分点；中国国航11月平均客座率83.3%，同比上升4个百分点。 华泰证券研报指出，往后展望，淡季高频数据或难以形成催化，短期波动市场关注度较低，更为关注26 年春运数据表现；中长期行业供给增速或将保持低位，景气改善有望传导至票价提升，同时油价和美元 兑人民币汇率有望降低成本压力，共同改善航司盈利。首选高胜率+高赔率的国有三大航AH，再选其 他民营航司。 ...

Group 1 - Unicom Guowei has established a Central Research Institute focusing on the development of edge AI chips for applications in autonomous driving, embodied robots, and low-altitude flying vehicles [2] - The research will also include new types of storage devices based on two-dimensional materials and high-performance special sensor chips [2] - Aerospace Electronics plans to increase its investment in Aerospace Long March Rocket Technology Co., Ltd. by 728 million yuan, maintaining the existing shareholding structure [3] Group 2 - Aerospace Rainbow successfully completed the first flight test of its self-developed Rainbow-7 high-altitude, high-speed, long-endurance drone, achieving all preset parameters [4] - The project is still in the research and testing phase, with further rigorous testing and validation required before mass production [4] Group 3 - Changchun High-tech's subsidiary signed an exclusive licensing agreement for the GenSci098 injection project, potentially earning up to 1.365 billion USD in milestone payments [5] - The agreement includes an initial payment of 120 million USD and additional milestone payments related to development and commercialization [5] Group 4 - TCL Technology plans to acquire a 10.7656% stake in Shenzhen Huaxing Semiconductor for 6.045 billion yuan, increasing its ownership from 84.2105% to 94.9761% [26] - This acquisition aims to enhance TCL's competitiveness and profitability in the semiconductor display industry [26] Group 5 - Zhongmin Resources announced the successful ignition of its Tsumeb smelting plant's multi-metal comprehensive recycling project, with an annual processing capacity of 80,000 tons [11] - The project will produce various products, including germanium ingots and zinc ingots, with a design capacity of 33 tons/year for germanium [11] Group 6 - Xinhua Insurance reported a 16% year-on-year increase in original insurance premium income, totaling 188.85 billion yuan from January to November 2025 [43] - This growth reflects the company's strong performance in the insurance market [43]

货运方面，2025年11月货运运力投入(按可利用吨公里—货邮运计)同比上升11.61%;货邮周转量(按收入 吨公里—货邮运计)同比上升7.17%;货邮载运率为53.39%，同比下降2.21 个百分点。 中国南方航空（600029）股份(01055)发布公告，2025年11月，本集团客运运力投入(按可利用座公里计) 同比上升8.68%，其中国内、地区和国际分别同比上升5.55%、9.75%和17.44%;旅客周转量(按收入客公 里计)同比上升10.42%，其中国内、地区和国际分别同比上升7.36%、12.38%和18.99%;客座率为 86.29%，同比上升1.36个百分点，其中国内、地区和国际分别同比上升1.46、1.85和1.12个百分点。 2025年11月，本集团新增主要航线情况如下：哈尔滨-宁波-哈尔滨、贵阳-南通-贵阳、长春-海口-长春、 长春-珠海-长春(均为每周七班)。 2025年11月，本集团引进7架飞机(包含5架A320NEO飞机和2架B737-8飞机)。截至2025年11月底，本集 团合计运营966架运输飞机。 ...

Group 1 - Shareholder Zhang Yu of Kehua Holdings plans to reduce his stake by up to 3%, amounting to no more than 5.83 million shares within three months [1] - Shanghai Ailu has signed a strategic cooperation agreement with Southern Road Machinery to provide packaging products for the dry-mixed mortar industry [2] - Xingyuan Zhuomei appointed Gong Chunming as the new deputy general manager [3] Group 2 - Tongyi Zhong's shareholder has set a preliminary transfer price of 15.47 yuan per share for a total of 4.27 million shares [4] - Anada's shareholder did not implement the planned share reduction of up to 2% by the deadline [5] - Rongchang Bio plans to repurchase shares worth between 20 million to 40 million yuan at a price not exceeding 95 yuan per share [6] Group 3 - Hainan Airport reported an 8.16% year-on-year increase in passenger throughput for November, totaling 2.09 million passengers [7] - Lanjian Intelligent plans to apply for a bank credit line of up to 1.2 billion yuan for various financial operations [8] - Xinlei Co. received a total of 561.43 million yuan in land acquisition and compensation payments [9] Group 4 - Foster reported a surplus of 321 million yuan from four fundraising projects, which will be used to supplement working capital [10] - China Southern Airlines experienced a 10.42% year-on-year increase in passenger turnover for November [12] - China National Airlines reported a 10.1% year-on-year increase in passenger turnover for November [17] Group 5 - Sanyou Chemical plans to register and issue mid-term notes not exceeding 1.3 billion yuan [18] - Quanyuan Spring used 60 million yuan of idle funds to purchase structured deposits [19] - Su Keng Agricultural Development appointed Zou Yi as the new deputy general manager [20] Group 6 - Jingneng Real Estate received approval to register mid-term notes totaling up to 2 billion yuan [21] - Dechang Co. received approval from the CSRC for a targeted issuance of shares [23] - Jiufeng Bio obtained a medical device registration certificate for its fructosamine testing kit [24] Group 7 - Jinzi Ham's president Guo Bo resigned for personal reasons, while Zheng Hu was appointed as the new president [25] - China Eastern Airlines reported a 10.35% year-on-year increase in passenger turnover for November [26] - Fengfan Co.'s controlling shareholder is in the process of acquiring 17.32% of the company's shares [27] Group 8 - Zhenghai Bio signed a technical development contract with the Chinese Academy of Agricultural Sciences for a collagen product project worth 12 million yuan [28] - Xinhua Insurance reported a 16% year-on-year increase in cumulative original insurance premium income for the first 11 months [29] - Jingjia Microelectronics' subsidiary completed key stages of its AI SoC chip project [30] Group 9 - Shanghai Pharmaceuticals' hydrochloride sotalol tablets passed the consistency evaluation for generic drugs [31] - Heshun Technology's subsidiary's carbon fiber project has entered a stable operational phase [32] - Spring Airlines reported an 18.02% year-on-year increase in passenger turnover for November [33] Group 10 - Huaxin New Materials proposed a mid-term dividend plan of 1 yuan per 10 shares [34] - Keda Li plans to increase capital by 300 million yuan for its wholly-owned subsidiary [35] - Jinguang Electric won a bid for a high-voltage direct current transmission project worth 84.86 million yuan [36] Group 11 - XGIMI Technology's subsidiary received a development notification for a vehicle-mounted projection project from a well-known domestic automotive manufacturer [37]

Core Viewpoint - China Southern Airlines announced an increase in passenger capacity and turnover for November 2025, indicating growth in both domestic and international markets [1] Passenger Operations - Passenger capacity (measured in available seat kilometers) is expected to rise by 8.68% year-on-year, with domestic, regional, and international segments increasing by 5.55%, 9.75%, and 17.44% respectively [1] - Passenger turnover (measured in revenue passenger kilometers) is projected to grow by 10.42% year-on-year, with domestic, regional, and international segments increasing by 7.36%, 12.38%, and 18.99% respectively [1] - The passenger load factor is reported at 86.29%, an increase of 1.36 percentage points year-on-year, with domestic, regional, and international segments rising by 1.46, 1.85, and 1.12 percentage points respectively [1] Cargo Operations - Cargo capacity (measured in available ton kilometers) is expected to increase by 11.61% year-on-year [1] - Cargo turnover (measured in revenue ton kilometers) is projected to rise by 7.17% year-on-year [1] - The cargo load factor stands at 53.39%, a decrease of 2.21 percentage points year-on-year [1] New Routes and Fleet Expansion - New major routes introduced in November 2025 include Harbin-Ningbo-Harbin, Guiyang-Nantong-Guiyang, Changchun-Haikou-Changchun, and Changchun-Zhuhai-Changchun, each operating seven flights per week [1] - The company has introduced 7 new aircraft, including 5 A320NEO and 2 B737-8 planes, bringing the total operational fleet to 966 aircraft by the end of November 2025 [1]

货运方面，2025年11月货运运力投入(按可利用吨公里—货邮运计)同比上升11.61%；货邮周转量(按收 入吨公里—货邮运计)同比上升7.17%；货邮载运率为53.39%，同比下降2.21个百分点。 2025年11月，集团新增主要航线情况如下：哈尔滨-宁波-哈尔滨、贵阳-南通-贵阳、长春-海口-长春、长 春-珠海-长春(均为每周七班)。 格隆汇12月15日丨中国南方航空股份(01055.HK)公告，2025年11月，集团客运运力投入(按可利用座公 里计)同比上升8.68%，其中国内、地区和国际分别同比上升5.55%、9.75%和17.44%；旅客周转量(按收 入客公里计)同比上升10.42%，其中国内、地区和国际分别同比上升7.36%、12.38%和18.99%；客座率 为86.29%，同比上升1.36个百分点，其中国内、地区和国际分别同比上升1.46、1.85和1.12个百分点。 ...

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） 主要營運數據公告 本公告乃根據將在上海證券交易所刊登的本集團2025年11月主要營運數據，上市規則第 13.09條及第13.10B條，以及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條 文（定義見上市規則）而作出。 相關主要運營數據來自本集團內部統計，可能與相關期間定期報告披露的數據有差異。投 資者應注意不恰當信賴或使用相關信息可能造成投資風險。 本公告乃根據將在上海證券交易所刊登的中國南方航空股份有限公司（「本公司」）及其 附屬公司（統稱「本集團」）2025年11月主要營運數據，香港聯合交易所有限公司證券上 市規則（「上市規則」）第13.09條及第13.10B條，以及香港法例第571章證券及期貨條例第 XIVA部項下之內幕消息條文（定義見上市規則）而作出。 2025年11月，本集團客運運力投入（按可利用座公里計）同比上升 ...

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。 2025年11月，中国南方航空股份有限公司及所属子公司（以 下简称"本集团"）客运运力投入（按可利用座公里计）同比上 升8.68%，其中国内、地区和国际分别同比上升5.55%、9.75%和 17.44%；旅客周转量（按收入客公里计）同比上升10.42%，其中 国内、地区和国际分别同比上升7.36%、12.38%和18.99%；客座 率为86.29%，同比上升1.36个百分点，其中国内、地区和国际分 别同比上升1.46、1.85和1.12个百分点。 证券代码：600029 证券简称：南方航空 公告编号：临 2025-063 货运方面，2025年11月，货运运力投入（按可利用吨公里— 货邮运计）同比上升11.61%；货邮周转量（按收入吨公里—货邮 运计）同比上升7.17%；货邮载运率为53.39%，同比下降2.21个 百分点。 中国南方航空股份有限公司 2025 年 11 月主要运营数据公告 2025年11月，本集团新增主要航线情况如下：哈尔滨-宁波- 1 2025年11月，本集团 ...

南方航空（600029）(600029.SH)发布公告，2025年11月，集团客运运力投入(按可利用座公里计)同比上 升8.68%，其中国内、地区和国际分别同比上升5.55%、9.75%和17.44%;旅客周转量(按收入客公里计)同 比上升10.42%，其中国内、地区和国际分别同比上升7.36%、12.38%和18.99%;客座率为86.29%，同比 上升1.36个百分点，其中国内、地区和国际分别同比上升1.46、1.85和1.12个百分点。 货运方面，2025年11月，货运运力投入(按可利用吨公里—货邮运计)同比上升11.61%;货邮周转量(按收 入吨公里—货邮运计)同比上升7.17%;货邮载运率为53.39%，同比下降2.21个百分点。 ...

智通财经APP讯，南方航空(600029.SH)发布公告，2025年11月，集团客运运力投入(按可利用座公里计) 同比上升8.68%，其中国内、地区和国际分别同比上升5.55%、9.75%和17.44%;旅客周转量(按收入客公 里计)同比上升10.42%，其中国内、地区和国际分别同比上升7.36%、12.38%和18.99%;客座率为 86.29%，同比上升1.36个百分点，其中国内、地区和国际分别同比上升1.46、1.85和1.12个百分点。 货运方面，2025年11月，货运运力投入(按可利用吨公里—货邮运计)同比上升11.61%;货邮周转量(按收 入吨公里—货邮运计)同比上升7.17%;货邮载运率为53.39%，同比下降2.21个百分点。 ...