Core Points - Hainan Airlines flight HU7712 was forced to divert to Taiyuan due to sudden heavy rain in Beijing, causing passenger anxiety, particularly for one passenger needing urgent medical attention [2][5] - The flight took off from Shenzhen at 18:25 and was scheduled to arrive in Beijing at 21:15 but landed in Taiyuan at 22:38 instead [5] - Hainan Airlines activated an emergency response plan, arranging for 36 passengers to be driven to Beijing overnight and providing accommodation for those choosing to return the next day [6] Group 1 - The incident involved a passenger who, in distress over a scheduled surgery, pleaded for assistance from staff, highlighting the emotional impact of flight disruptions [2][5] - Hainan Airlines' staff stated that they needed to report the situation to higher management for resource allocation, which delayed immediate solutions for passengers [5][6] Group 2 - The airline's emergency measures included a supplementary flight (HU771X) that departed Taiyuan at 12:05 on September 10 and arrived in Beijing at 12:57 [6] - Passengers opting to return on their own were promised refunds for unused segments of their tickets [6] Group 3 - The incident sparked controversy regarding communication, as the captain made announcements first in English, leading to passenger dissatisfaction; the airline clarified this was in accordance with operational protocols [7] - Questions arose about the captain's qualifications, but industry experts confirmed that all pilots are trained to operate under various weather conditions, and the diversion was solely due to safety standards [7] - Regulations regarding crew flight time limits were cited as a reason for the inability to resume the flight immediately after the diversion [7]

Core Viewpoint - Hainan Airlines has officially launched the Chongqing-Haikou-Auckland international route, enhancing economic and cultural exchanges between China and New Zealand [1] Group 1: Route Information - The Chongqing-Haikou-Auckland route will operate two round trips per week, with flight HU785 departing from Chongqing every Thursday and Saturday at 21:55, arriving in Auckland at 18:10 the next day [3] - The return flight HU786 will leave Auckland every Friday and Sunday at 20:45, arriving back in Chongqing at 09:50 the following day [3] - The total flight duration for HU785 is approximately 16 hours and 15 minutes, while HU786 takes about 17 hours and 5 minutes [3] Group 2: Strategic Importance - Chongqing is a key strategic point for the western development initiative and serves as a crucial link in the Belt and Road Initiative and the Yangtze River Economic Belt [5] - Hainan Airlines is committed to developing its business in Chongqing and aims to promote the construction of an international aviation hub in the region [5] - The airline has established a comprehensive international route network from Chongqing, covering destinations such as Seattle, Paris, Rome, Madrid, Osaka, Bangkok, and Auckland [6] Group 3: Service Offerings - Hainan Airlines provides various travel options for passengers, including seat selection, prepaid baggage, in-flight upgrades, and business packages to cater to diverse travel needs [3] - The airline has restored, newly opened, and plans to operate over 70 international and regional round-trip passenger routes from various cities, including Beijing, Shanghai, Shenzhen, and Guangzhou [6]

Core Points - Hainan Airlines has officially launched the Chongqing-Haikou-Auckland international route as of September 13, 2023 [1] - The new route will operate two round trips per week, enhancing connectivity between China and New Zealand [3] Flight Schedule - The outbound flight HU785 departs from Chongqing Jiangbei International Airport every Thursday and Saturday at 21:55, with a stopover in Haikou and arriving in Auckland at 18:10 the next day, taking approximately 16 hours and 15 minutes [3] - The return flight HU786 departs from Auckland International Airport every Friday and Sunday at 20:45, with a stopover in Haikou and arriving in Chongqing at 9:50 the next day, taking approximately 17 hours and 5 minutes [3]

Core Points - The new international passenger route "Chongqing ⇌ Haikou ⇌ Auckland" has been launched, enhancing the connectivity between mainland China, Haikou, and Australia/New Zealand, facilitating trade and cultural exchanges [1][3]. Group 1: Route Details - The route is operated by Hainan Airlines using Boeing 787 wide-body aircraft, with flights scheduled twice a week on Thursdays and Saturdays [3]. - The outbound flight HU785 departs Chongqing at 21:55 Beijing time, arrives in Haikou at 00:25 the next day, and then departs Haikou at 2:55, reaching Auckland at 18:10 local time [3]. - The return flight HU786 leaves Auckland at 20:45 local time, arrives in Haikou at 5:00 Beijing time the next day, and then departs Haikou at 7:30, arriving in Chongqing at 9:50 [3]. Group 2: Passenger Experience Enhancements - Starting from August, Haikou Meilan International Airport has upgraded benefits for international and regional transfer passengers, offering dining vouchers or free hotel stays based on transfer duration [5]. - Non-Haikou residents traveling from Meilan Airport on international and regional outbound flights can also enjoy similar benefits [5]. - Passengers are advised to complete check-in procedures at least 45 minutes before the scheduled departure time [5].

Core Viewpoint - HNA Group announced the appointment of Mr. Li Mingshu as Vice President during its board meeting held on September 12, 2025, and reported its revenue composition for the first half of 2025 [1] Group 1: Company Announcement - The 45th meeting of the 10th board of directors of HNA Group was held via communication on September 12, 2025 [1] - The board reviewed the proposal to appoint Mr. Li Mingshu as Vice President [1] Group 2: Financial Performance - For the first half of 2025, HNA Group's revenue composition was as follows: passenger revenue accounted for 87.52%, other business revenue for 8.12%, and cargo and excess baggage revenue for 4.36% [1] - As of the report date, HNA Group's market capitalization was 69.6 billion yuan [1]

本次聘任副总裁事项已经公司第十届董事会提名委员会第十六次会议审议通过， 具体审核意见为：根据公司工作需要，并经本委员会审核通过，同意提名李明帅先生 为公司副总裁，并提交公司董事会审议。 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 2025-087 海南航空控股股份有限公司 第十届董事会第四十五次会议决议公告 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。 2025 年 9 月 12 日，海南航空控股股份有限公司（以下简称"公司"）第十届董 事会第四十五次会议以通讯方式召开，应参会董事 12 名，实际参会董事 12 名，符合 《公司法》和《公司章程》的有关规定。会议审议并通过《关于聘任李明帅先生为公 司副总裁的议案》。 公司董事会同意聘任李明帅先生为公司副总裁，任期与公司第十届董事会任期一 致，自本次董事会批准之日起生效。 2 附件：李明帅先生简历 李明帅，男，1985 年 2 月出生，籍贯吉林省长春市，毕业于中国民航大学自动 化专业，本科学历。2007 年参加工作，现任海南航空控 ...

Core Insights - The aviation and airport sector experienced a slight increase of 0.27% on September 12, with HNA Holding leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Group 1: Stock Performance - HNA Holding (600221) closed at 1.61, with a rise of 1.90% and a trading volume of 5.605 million shares [1] - China Eastern Airlines (600115) saw a decline of 0.98%, closing at 4.04 with a trading volume of 771,500 shares [2] - China National Aviation (601111) increased by 1.17%, closing at 7.81 with a trading volume of 525,700 shares [2] Group 2: Capital Flow - The aviation and airport sector experienced a net outflow of 205 million yuan from institutional investors, while retail investors saw a net inflow of 167 million yuan [2] - HNA Holding had a net inflow of 98.86 million yuan from institutional investors, representing 9.67% of its total trading volume [3] - China National Aviation experienced a net outflow of 22.93 million yuan from institutional investors, accounting for 3.78% of its trading volume [3]

Core Viewpoint - The Hainan Free Trade Zone sector experienced a significant surge, with Haiqi Group hitting the daily limit, alongside other companies like Haima Automobile and Hainan Highway, following news of potential tax policy adjustments for duty-free goods aimed at enhancing residents' benefits [1] Group 1: Market Reaction - Hainan Free Trade Zone stocks, including Haiqi Group, Haima Automobile, and Hainan Highway, saw substantial gains, indicating strong market optimism regarding upcoming policy changes [1] - The surge in stock prices reflects investor confidence in the potential for increased consumer spending and economic activity within the region [1] Group 2: Policy Developments - National authorities are conducting research on tax policies for duty-free goods to enhance the purchasing power of local residents, which is expected to have a broad impact [1] - A new round of optimization and adjustment of the offshore duty-free policy is underway, aimed at increasing the attractiveness of the policy and promoting the return of overseas consumption [1]

Group 1 - The company has provided an irrevocable joint liability guarantee for its subsidiary Urumqi Airlines, covering a maximum amount of 353.93 million yuan for a lease agreement of a B737-800 aircraft [2][4] - The company approved a mutual guarantee limit of 15.8 billion yuan for 2025, with 11.3 billion yuan allocated for subsidiaries with a debt-to-asset ratio above 70% and 4.5 billion yuan for those below [3][4] - As of the announcement date, the total guarantee balance for the subsidiary is 2.466 billion yuan, which accounts for 108.51% of the company's audited net assets for 2024 [10] Group 2 - The guarantee period for the obligations is set for three years after the fulfillment of the main debt, with provisions for extensions if the debt terms change [8] - The company maintains absolute control over the subsidiary's operations and financial status, ensuring manageable risk levels for the guarantee provided [8][9] - The board of directors has authorized the management to handle specific guarantee procedures within the approved mutual guarantee limit without needing further board or shareholder meetings [5][6] Group 3 - The company will hold a half-year performance briefing on September 18, 2025, to discuss its operational results and financial indicators for the first half of 2025 [12][13] - Investors can participate in the briefing through an online interactive platform, with opportunities to submit questions in advance [14][17] - Key executives, including the chairman and president, will be present to address investor inquiries during the session [15][16]

Core Viewpoint - The Chinese civil aviation market is experiencing growth in transport scale and competition, with overall transport turnover, passenger transport volume, and seat occupancy rate increasing year-on-year, despite challenges from excessive competition and a complex demand environment [1] Domestic Market - The domestic market is characterized by a "volume increase and price decrease" phenomenon, leading to a decline in operational revenue for most airlines on domestic routes [1][5] - In the first half of 2025, the total transport turnover in the domestic market grew by 11.4%, and passenger transport volume increased by 3.9%, while the average ticket price for economy class fell by 6.9% compared to the same period in 2024 [5] - Major airlines like China Southern Airlines, China Eastern Airlines, and Air China reported varying degrees of revenue growth, with respective revenues of 862.91 billion, 807.57 billion, and 668.22 billion yuan, reflecting year-on-year growth rates of 1.77%, 1.6%, and 4.09% [1][3] Profitability - Despite pressure on domestic route prices, factors like falling oil prices and currency appreciation have alleviated some cost pressures for airlines [2] - Among the three major airlines, China Eastern Airlines had the least net profit loss, while China Southern Airlines saw an increase in its net profit loss [2] - The four major private airlines showed varying degrees of improvement in profitability [2] International Market - The international market saw significant capacity expansion, with a net increase of 123 international routes and a 28.5% year-on-year growth in international passenger transport volume in the first half of 2025 [11] - The three major airlines increased their international route capacity by 24.38%, 16.7%, and 22.5%, respectively, leading to growth in international passenger revenue despite some decline in passenger kilometer revenue [12][14] - Private airlines also expanded their international capacity significantly, with Spring Airlines, Juneyao Airlines, and Hainan Airlines increasing their international capacity by 41.04%, 65.55%, and 60.09%, respectively [13][14] Operational Strategies - Airlines are focusing on expanding international routes, particularly in Northeast Asia and Southeast Asia, with significant capacity increases noted for routes to Japan and South Korea [15][16] - Domestic airlines are also enhancing their route networks, particularly in the Yangtze River Delta region, to improve connectivity and operational efficiency [16][17] Industry Regulations - The "anti-involution" policy has been initiated in the domestic aviation industry, with the release of the "Self-Regulation Convention for Air Passenger Transport" aimed at curbing unhealthy market practices [8][9]