Core Insights - The "2025 Domestic Aircraft Science and Technology Youth Forum" was held in Nanchang, organized by China Eastern Airlines and COMAC, gathering nearly a hundred young representatives from various aviation organizations to discuss domestic aircraft operations and innovations [1][2]. Group 1: Event Overview - The forum focused on topics such as the cultivation of talents in domestic aircraft operations, operational innovations, and brand building, contributing practical ideas for optimizing domestic aircraft operations [2]. - Representatives from various organizations, including the Civil Aviation Youth League and China Eastern Airlines, encouraged young participants to take on responsibilities in domestic aircraft operations [2]. Group 2: Youth Contributions - Young representatives shared their experiences and insights from the front lines of domestic aircraft operations, highlighting their growth alongside domestic aircraft [2]. - A team member from COMAC's large aircraft intelligent operation and maintenance innovation center reported a 95% improvement in business processing efficiency and a 90% improvement in route issue resolution efficiency through self-developed platforms [2]. Group 3: Achievements and Innovations - A young maintenance employee from China Eastern Airlines shared experiences related to the C919 aircraft, emphasizing the importance of safety and innovation in operational practices [2]. - The C909 fleet from China Eastern Airlines has expanded to 9 aircraft, covering 14 destinations, and has become a promotional tool for local agricultural products and the image of Jiangxi province [2]. Group 4: Future Collaboration - The forum included a visit to Hongdu Group for on-site learning about technological innovation and industry advancements in aviation [4]. - The China Eastern Airlines Youth League passed the leadership flag to the next chair, AVIC Group, committing to continue building platforms and deepening collaboration among youth in the domestic aircraft sector [4].

Core Insights - The report highlights a positive growth trend in industrial enterprise profits for the first ten months of 2025, with a total profit of CNY 59,502.9 billion, reflecting a year-on-year increase of 1.9% [5][6] - The report emphasizes the impact of raw material prices on the profitability of industrial enterprises, indicating that these prices remain a significant drag on earnings [5][6] - A new consumption promotion plan issued by six ministries aims to optimize the supply structure of consumer goods by 2027, creating three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots [8][9] Macroeconomic Overview - Industrial enterprises maintained a year-on-year profit growth, although the growth rate slowed by 1.3 percentage points compared to the previous three quarters [5] - In October, industrial profits saw a year-on-year decline of 5.5%, with a month-on-month drop of 27.1 percentage points [5] - The report notes that the mining sector's contribution to profits has been consistently low this year [5] Revenue and Cost Analysis - For the first ten months, industrial enterprises reported a revenue growth of 1.8%, with a slight decrease in revenue per hundred yuan of assets to CNY 74.5 [6] - Operating costs increased by 2.0%, with the profit margin remaining stable at 5.3% [6] - The report indicates that industrial production activities remain active, but pricing pressures persist, with PPI and production material PPI showing negative year-on-year growth [6][7] Consumption Promotion Plan - The plan aims for a significant optimization of the consumer goods supply structure by 2027, with a focus on new technologies and innovative business models [8][9] - It emphasizes the importance of matching supply with diverse consumer needs, including specific demographics such as children, students, and the elderly [10] - The report outlines the creation of new consumption scenarios and business formats, supported by a favorable development environment [11] Investment Recommendations - The report suggests focusing on companies related to employment, tourism, and cultural consumption, as well as those involved in sports events and creative industries [12]

Core Points - The world's longest one-way flight route will officially launch in December, connecting Shanghai Pudong, Auckland, and Buenos Aires, as authorized by the Argentine government [1] - The flight will take approximately 25 hours and is expected to attract a surge of Chinese tourists to Argentina [1] - The route will operate two round trips per week starting from December 4, with high seat occupancy rates reported for initial flights [1] Summary by Sections Flight Route and Operations - The new route is designated as a commercial flight connecting antipodal cities, marking a record for the longest one-way flight [1] - The airline, China Eastern Airlines, has been authorized to operate regular and irregular transport services within Argentina [1] - The flight will have a technical stop in Auckland but will be considered a direct flight as passengers do not need to change planes [1] Passenger Demand and Pricing - Initial occupancy rates are high, with 97% from Shanghai to Auckland, 98% from Auckland to Buenos Aires, 47% from Buenos Aires to Auckland, and 85% from Auckland to Shanghai [1] - Ticket prices for economy class range from 8,490 to 10,240 RMB [1] Tourism Impact - The route is expected to create a "Chinese tourist boom" in Argentina, particularly for popular attractions like Iguazu Falls and Moreno Glacier [2] - New Zealand will implement a transit visa waiver policy for Chinese travelers in Auckland, facilitating easier travel [2]

Market Overview - The U.S. stock market showed a significant upward trend, with major indices rising for the fourth consecutive trading day, indicating a recovery in market sentiment[9] - The CBOE Volatility Index (VIX) dropped approximately 35% over four days, marking its largest decline since mid-April[9] - The Hang Seng Index closed at 25,928, up 0.13% for the day and 29.25% year-to-date[3] Sector Performance - Large tech stocks exhibited mixed results, with Meituan surging 5.65% while Kuaishou fell nearly 3%[9] - Paper stocks led gains, with Nine Dragons Paper up 5% and Lee & Man Paper up 4.88%, driven by price hikes in packaging and cultural paper products[9] - Airline stocks performed strongly, with China Eastern Airlines rising nearly 7%[9] Economic Indicators - The Federal Reserve's Beige Book indicated a further decline in U.S. consumer spending, reflecting a stagnant economic activity[13] - Initial jobless claims in the U.S. fell to 216,000, the lowest level since mid-April, suggesting a tightening labor market[13] - Morgan Stanley economists adjusted their rate predictions, now expecting a rate cut from the Fed in December rather than January[13] International Markets - The Nikkei 225 index in Japan rose by 1.9%, driven by strong tech sector performance and expectations of a potential rate hike by the Bank of Japan[13] - The Singapore Straits Times Index showed a year-to-date performance of 0.00%, indicating a stagnant market[3]

Group 1 - The core viewpoint of the articles highlights the successful resumption of the domestic-international "air-to-air" transit business at Yantai Airport, which enhances the efficiency of cross-border logistics and supports regional international air logistics development [1][2] - The first transit operation involved a shipment of 20 items weighing 361 kilograms, which was efficiently processed from arrival at Yantai to transfer to a subsequent flight to Incheon, receiving positive feedback from shippers and freight forwarding companies [1] - The collaboration between Yantai Airport and the customs office at the airport facilitated a streamlined process, allowing for a "one-stop" service that simplifies customs procedures and enhances overall transit efficiency [1][2] Group 2 - The successful launch of the air-to-air transit service strengthens Yantai Airport's role as an international logistics hub and improves the layout of international freight transit routes, creating a more convenient air bridge between domestic markets and Northeast Asia [2] - Future plans for Yantai Airport include focusing on customer needs, optimizing transit process details, and expanding business coverage to provide safer, more convenient, and efficient air logistics solutions, contributing to the high-quality development of the regional open economy [2]

Core Insights - The report indicates that market volatility is driven by fluctuations in win rates rather than a complete reversal, suggesting that the index is expected to remain in a state of oscillation [5][6] - The overall market liquidity remains ample, with margin financing balances at 2.46 trillion yuan, placing it in the 97.5th percentile over the past three years [3] - The report highlights that the recent market decline reflects a phase of win rate logic fluctuations, primarily influenced by external factors such as the Federal Reserve's interest rate decisions and concerns over AI-related debt [3][4] Market Analysis - The technology sector continues to face adjustments primarily due to expectation volatility, with the AI industry chain experiencing high valuations and limited upside potential [4] - Defensive demand and a slight recovery in domestic inflation are benefiting dividend and cyclical styles, as indicated by a 0.2% year-on-year increase in October CPI, marking the first positive change in four months [4] - The report notes that the win rate logic has not shifted, with the Federal Reserve's interest rate trajectory remaining below expectations, while the U.S. economy may require further rate cuts [5] Investment Strategy - The report suggests a focus on sectors with lower crowding within technology, such as gaming and media, while also recommending global pricing resources like gold and copper due to the backdrop of overseas rate cuts and fiscal expansion [6] - The December stock selection includes a mix of ETFs and individual stocks across various sectors, emphasizing a defensive strategy amid market oscillation [9][10]

Core Viewpoint - China Eastern Airlines (CEA) has officially established its Northeast Branch, marking its first regional company in China that spans multiple provinces, aimed at enhancing its service capabilities to support national strategies and the revitalization of Northeast China [1][3]. Group 1: Company Overview - The Northeast Branch of CEA was inaugurated on November 27, 2025, in Shenyang, with key officials from both the provincial government and CEA in attendance [3]. - The new branch is built on the foundation of CEA's Shenyang operation and includes bases in Harbin and Changchun, as well as a sales office in Dalian, focusing on regional operational support and marketing services [3]. Group 2: Operational Scope - CEA operates 22 stations across the three northeastern provinces, connecting to 45 domestic cities and executing 107 flight routes [6]. - In Liaoning province, CEA has established a comprehensive network covering six major points, including Shenyang and Dalian, with daily departures reaching 61 flights to key cities such as Shanghai, Nanjing, and Guangzhou [6]. Group 3: Future Plans - CEA plans to increase its investment in Northeast China, expand cooperation, enhance capacity deployment, and improve service levels to better support local economic and social development [6].

业务系统运行保障大屏具备跨架构层级的穿透分析能力。运维人员通过统一可视化界面，可实时追踪系 统应用性能、中间件运行状态、数据库查询效率以及服务器资源占用的全链路数据指标，实现故障节点 的快速定位与根因追溯。 此外，创新打造的台风天保障大屏等多维度可视化场景解决方案，则通过构建台风应急响应、线上促销 等关键业务场景的全链路可视化，实现东航业务需求与技术资源的精准对接，既保障了技术资源的高效 调配，又强化了业务运营的安全性和稳定性。（编辑：陈虹莹 校对：李佳洹 审核：韩磊） 《中国民航报》、中国民航网 记者钱擘 通讯员虞烨骅 报道：日前，东航数科创新打造了东航的三级立 体监控展现体系，包括了数字东航全景感知大屏、业务系统运行保障大屏、台风天保障大屏等，更好展 示企业立体监控系统发布的信息。 其中，数字东航全景感知大屏依托全景可视化技术，能够7×24小时不间断呈现东航的跨地域机房设 施、主干网络架构及核心业务系统的实时运行数据，动态追踪关键性能指标与异常波动趋势，并用智能 分析引擎实现故障精准定位与多级告警联动，为运维团队提供可视化决策支持。 ...

《中国民航报》、中国民航网 记者钱擘 通讯员姜静 报道：随着冬春航季来临，民航运输保障工作迎来 岁末大考。东航甘肃分公司正持续通过系统部署与精细准备，筑牢安全防线。在11月24日、兰州出现 2025年入冬首场大雪的考验下，分公司全体员工以风雪为令，用一场保障有序、航班正点的漂亮仗，锤 炼、证明了其冬季运行保障体系的可靠与高效。 针对严寒天气可能给旅客出行造成的影响，东航甘肃分公司践行"人民航空为人民"宗旨，将服务品质融 入每个细节。分公司地面服务部完善极端天气响应体系，在风雪天气加强旅客出行各环节保障，及时清 扫积雪，确保旅客安全通行；客舱服务部推出"暖冬"服务，对航班旅客的厚重衣物单独收纳，提供适宜 温度的餐食和热水，配备无糖茶水满足特殊需求，用细致服务温暖旅途；同时，分公司服务管理部统筹 协调，提前研判冬季服务难点，制定清晰服务流程，确保雨雪天气下服务响应及时有效。当前，东航甘 肃分公司各单元正在空地全维紧密配合，在兰州中川机场T3航站楼首个冬季运行期间，构建起"早发 现、早干预"的主动服务保障体系。 风雪见证坚守，服务传递温情。东航甘肃分公司正通过周全部署和扎实工作，展现专业的冬季运行保障 能力，也将继 ...

飞机"锁座"及有偿选座服务问题近日引发社会广泛关注。江苏省消费者权益保护委员会（以下简称"江 苏省消保委"）一纸调查，直指航司"锁座"乱象，将国内10家主流航空公司推到了风口浪尖。 11月21日，江苏省消保委线上约谈了东方航空、南方航空（600029）、中国国航（601111）等10家主流 航空公司。11月26日，通过公众号发布有关调查结果，详细列举了机票锁座服务市场中存在的诸多问 题，亮明对"锁座"现象长期存在的"零容忍"态度，并要求各公司在15个工作日内将整改情况以书面形式 提交。 专家认为，航司"锁座"行为锁的不仅是座位，还有旅客的知情权和公平交易权。"付费选座"等霸王条款 还可能涉嫌违反《消费者权益保护法》，侵害旅客的自主选择权，属于典型变相收费行为，让旅客暗吃 了不少"哑巴亏"。长此以往，"锁座"行为最终损害的是旅客对航司服务的信任，不利于航空服务业的高 质量发展。 近四成座位被锁 所谓飞机"锁座"，是指航司将经济舱前排、靠窗、靠过道等较为便利舒适的座位单独锁定，要么无法选 择，要么需额外付费或用积分兑换。从范围来看，锁定范围高度集中于经济舱前排、靠窗及靠过道等消 费者偏好的优质座位，仅开放中间区域 ...