Core Points - Hainan Airlines launched the "Dalian-Yichang-Bangkok" route on November 10, significantly reducing the typical preparation time from 30-40 days to just 12 days, achieving over 60% time savings [1] - The new route is expected to operate 79 flights by March 28, 2026, with an estimated passenger volume of 13,000, generating approximately 38 million yuan in revenue for Hainan Airlines' Dalian branch [2] Group 1 - The launch of the new international route facilitates market expansion for local businesses, such as a flooring company aiming to enter the Southeast Asian market [1] - The Dalian government played a crucial role in coordinating various customs and airport authorities to streamline the approval and operational processes for the new route [1][2] - The route is expected to enhance the competitiveness of Dalian as a regional air transport hub, promoting trade, tourism, and economic exchanges with Southeast Asian countries [2]

Core Viewpoint - The aviation and airport sector experienced a decline of 2.05% on November 21, with Hainan Airlines leading the drop, while the Shanghai Composite Index fell by 2.45% and the Shenzhen Component Index decreased by 3.41% [1] Market Performance - The closing prices and percentage changes for key stocks in the aviation and airport sector are as follows: - Hainan Airlines: 1.69, -4.52% - Xiamen Airport: 15.85, -3.94% - CITIC Offshore Helicopter: 19.77, -3.09% - Shenzhen Airport: 6.95, -2.39% - China Southern Airlines: 7.08, -1.67% - China Eastern Airlines: 5.18, -1.52% [1] Capital Flow - The aviation and airport sector saw a net outflow of 571 million yuan from institutional investors, while retail investors contributed a net inflow of 430 million yuan [1] - The detailed capital flow for selected stocks indicates: - China Eastern Airlines: -55.71 million yuan from institutional investors, +34.46 million yuan from retail investors - Xiamen Airport: -19.70 million yuan from institutional investors, +25.76 million yuan from retail investors [2]

Core Insights - The cultural exchange journey between Scotland and China, organized by Hainan Airlines, successfully completed a ten-day immersive inspection tour, highlighting the deepening cooperation in cultural and tourism sectors between China and the UK [1][3] Group 1: Event Overview - The first tourism inspection group from Edinburgh to China was organized by Hainan Airlines, supported by the Chinese Tourism Bureau in London and Edinburgh Airport [1] - The group received significant attention from the Chinese Tourism Bureau, which provided assistance throughout the trip [1] - Hainan Airlines implemented a special support plan to ensure smooth check-in and customs processes for the group [1] Group 2: Cultural and Tourism Exchange - The inspection group engaged in in-depth discussions and site visits regarding urban culture, tourism development, and cooperation potential in cities like Shanghai, Hangzhou, and Beijing [6] - Activities included participation in the "Poetic Zhejiang" promotional event, where the group learned about Jiangnan culture and tourism resources [6] - The group experienced Chinese tea culture, liquor culture, and local cuisine, enhancing their understanding of the vibrancy and cultural appeal of Chinese cities [6] Group 3: Future Plans and Commitment - Hainan Airlines aims to strengthen safety measures and continue to implement a "genuine service" philosophy while expanding its international route network [7] - The airline is committed to optimizing its products and services to provide convenient air passage for international personnel exchanges and economic cooperation [7]

Group 1 - Hainan Airlines Holding Co., Ltd. executed a block trade on November 20, with a transaction volume of 357,100 shares and a transaction amount of 660,600 yuan, at a price of 1.85 yuan, representing a premium of 4.52% over the closing price of the day [1] - The buyer of the block trade was Dongfang Securities Co., Ltd. Shanghai Huangpu District Zhonghua Road Securities Business Department, while the seller was Everbright Securities Co., Ltd. Shanghai Huaihai Middle Road Securities Business Department [1] - In the last three months, Hainan Airlines has recorded a total of four block trades, with a cumulative transaction amount of 35.1 million yuan [1] Group 2 - Hainan Airlines Holding Co., Ltd. was established on December 29, 1995, with a registered capital of 4,321,563.2535 million yuan [1]

关于召开 2025 年第三季度业绩说明会的公告 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： 临时公告 证券代码：600221、900945 证券简称：海航控股、海控 B 股 编号：临 2025-106 海南航空控股股份有限公司 ●会议召开时间：2025 年 11 月 28 日 （星期五） 14:00-15:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于 2025 年 11 月 21 日（星期五）至 11 月 27 日(星期四)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 hhgfdshmsbgs@hnair.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 海南航空控股股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 ...

Summary of Key Points Core Viewpoint - On November 20, a total of 59 stocks in the A-share market experienced block trading, with a total transaction value of 1.91 billion yuan, indicating active trading activity in the market [1]. Group 1: Trading Activity - The top three stocks by transaction value were Zhongji Xuchuang (7.59 billion yuan), Tianyue Advanced (1.29 billion yuan), and Sichuan Shuangma (919.08 million yuan) [1]. - Among the stocks traded, 5 were sold at par value, 2 at a premium, and 52 at a discount [1]. Group 2: Price Changes - The stocks with the highest premium rates were Wantai Biological Pharmacy (6.05%) and HNA Holding (4.52%) [1]. - The stocks with the highest discount rates included Bihaiyuan (20.67%), Juguang Technology (20.53%), and Wens Foodstuff Group (19.52%) [1]. Group 3: Institutional Buying and Selling - The ranking of institutional buying was led by Zhongji Xuchuang (7.59 billion yuan), followed by Tianyue Advanced (93.35 million yuan) and Zhekuang Co. (28.37 million yuan) [1]. - The top three stocks sold by institutional investors were Xiangdian Co. (9.99 million yuan), Wanda Information (7.01 million yuan), and Wukuang New Energy (3.99 million yuan) [2].

Group 1 - HNA Holding's stock closed at 1.77 yuan, with a rise of 0.57% on November 20 [1] - A block trade occurred with a total volume of 357,100 shares and a transaction amount of 660,600 yuan, with a premium rate of 4.52% [1] - The buyer was Dongfang Securities Co., Ltd., and the seller was Everbright Securities Co., Ltd. [1] Group 2 - In the last three months, HNA Holding has had a total of four block trades, amounting to 35.1 million yuan [1] - Over the past five trading days, the stock has declined by 5.35%, with a total net outflow of 551 million yuan from main funds [1]

Group 1 - The core transaction of HNA Holding involved a block trade of 357,100 shares, with a total transaction value of 660,600 yuan, representing 0.07% of the total trading volume for the day [1] - The transaction price was 1.85 yuan per share, which is a premium of 4.52% compared to the market closing price of 1.77 yuan [1]

Core Viewpoint - The aviation and airport sector experienced a decline of 0.8% on November 20, with China Southern Airlines leading the losses. The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1]. Summary by Category Stock Performance - The following stocks in the aviation and airport sector showed notable performance: - Hainan Airlines (600221) closed at 1.77, up 0.57% with a trading volume of 5.3774 million shares and a transaction value of 9.57 billion yuan [1]. - China Eastern Airlines (600115) closed at 5.26, down 0.38% with a trading volume of 808.6 thousand shares and a transaction value of 4.28 billion yuan [2]. - Xiamen Airport (600897) closed at 16.50, down 0.96% with a trading volume of 69.3 thousand shares and a transaction value of 1.14 billion yuan [2]. Capital Flow - The aviation and airport sector saw a net outflow of 123 million yuan from institutional investors, while retail investors contributed a net inflow of 162 million yuan [2]. - The capital flow for specific stocks included: - Shanghai Airport (600009) had a net inflow of 45.5255 million yuan from institutional investors, but a net outflow of 47.5760 million yuan from retail investors [3]. - Hainan Airlines (600221) experienced a net outflow of 5.8716 million yuan from institutional investors, while retail investors had a net inflow of 22.9749 million yuan [3].

Core Points - The upcoming full closure operation of Hainan Free Trade Port on December 18, 2025, is a significant milestone for Hainan's openness and development as an aviation hub [2] - Hainan Airlines is actively expanding its international flight network, adding 74 international and regional flights by November 2025, with a total plan to increase by 80 flights [1][3] - The airline aims to strengthen connections with major countries along the Pacific and Indian Oceans, which is crucial for establishing the "Two Oceans" hub network [2] Group 1: International Route Expansion - Hainan Airlines has recently intensified its international routes from Hainan, including six intercontinental routes to Jeddah, Abu Dhabi, London, Auckland, Sydney, and Melbourne, as well as a route to Kuala Lumpur [1] - By November 2025, Hainan Airlines will operate 22 international and regional routes from Hainan, enhancing global connectivity [1][3] Group 2: Domestic Route Network - In addition to international routes, Hainan Airlines operates nearly 60 domestic routes connecting major cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, and Chengdu [3] Group 3: Enhanced Passenger Experience - Hainan Airlines collaborates with Haikou Meilan International Airport to improve the transit experience for passengers, offering meal vouchers and free hotel stays for those with layovers [4] - The upgrades in ground services complement the expansion of the airline's route network, supporting the development of Hainan as a "Two Oceans" aviation hub [4]