转自：贝壳财经 【#春秋航空否认开低温引导买毛毯#:严格按照客舱温度要求设定】#春秋航空发声明#近日，有乘客吐 槽乘坐春秋航空客舱太冷，部分乘客质疑机舱温度被故意调低，以引导购买毛毯，并放出客舱充满"水 汽"的视频。对此，@春秋航空 发布声明称：经我公司核实，视频中展示的是夏季客舱内的潮湿空气和 空调制造的干冷空气相遇后，形成正常的冷凝水汽现象。飞机起飞后，冷凝水汽现象就会很快消失。该 现象是常见的物理反应。我司已于2023年8月在相关媒体回复并辟谣，这几年也通过官方各类途径向旅 客进行了科普，我司严格按照客舱要求设定，确保客舱温度保持在舒适范围内，不存在故意调低客舱温 度售卖毛毯的情况。#春秋航空回应付费毛毯# ...

《辟谣财知道》注意到，近日，不少乘客反映春秋航空（601021）机舱温度偏低，机舱内空调大开犹如 冷库。向空姐索要毛毯防寒，却被告知航班不提供免费毛毯，需扫码购买15元一条。部分乘客质疑机舱 温度被故意调低，以引导购买毛毯。 8月25日，春秋航空发布声明称，公司关注到网络上出现大量"将夏季客舱内出现的正常冷凝水汽现象与 客舱销售强行关联"的不实信息。 经核实，视频中展示的是夏季客舱内的潮湿空气和空调制造的干冷空气相遇后，形成正常的冷凝水汽现 象。飞机起飞后，冷凝水汽现象就会很快消失。该现象是常见的物理反应。 声明称，公司已于 2023 年 8 月在相关媒体回复并辟谣，这几年也通过官方各类途径向旅客进行了科 普。公司严格按照客舱要求设定，确保客舱温度保持在舒适范围内，不存在故意调低客舱温度售卖毛毯 的情况。公司已对相关网络谣言全面取证，并敦促发布不实信息的媒体及网络用户立即删除相关内容。 对于任何恶意损害公司商誉的行为，春秋航空将依法采取诉讼等法律途径，向恶意造谣、传谣的相关主 体追究法律责任。 声明 我们已关注到网络上出现大量"将夏季客舱内出现的正常冷凝水 汽现象与客舱销售强行关联"的不实信息。 经我公司核实 ...

Core Viewpoint - Spring Airlines has issued a statement denying allegations that it intentionally lowers cabin temperatures to sell blankets, clarifying that the condensation observed in summer cabins is a normal physical reaction due to the interaction of humid air and dry air from the air conditioning [1][3][5]. Group 1 - The company has noted a significant amount of misinformation online linking the normal condensation phenomenon in summer cabins to blanket sales [1][3][5]. - The condensation observed is a common physical reaction that disappears shortly after takeoff, and the company ensures that cabin temperatures are maintained within a comfortable range [1][5]. - Spring Airlines has taken legal measures to collect evidence against those spreading false information and has urged media and users to delete such content [1][5]. Group 2 - The company has previously addressed this issue in August 2023 through various media channels and has been educating passengers about this phenomenon [1][5]. - Spring Airlines emphasizes that it does not engage in practices that would intentionally compromise passenger comfort for profit [1][5]. - The company calls for a collaborative effort to maintain a civilized and healthy online environment, urging the public not to spread or believe in rumors [1][5].

对此，@春秋航空 发布声明称：经我公司核实，视频中展示的是夏季客舱内的潮湿空气和空调制造的 干冷空气相遇后，形成正常的冷凝水汽现象。飞机起飞后，冷凝水汽现象就会很快消失。该现象是常见 的物理反应。 我司已于2023年8月在相关媒体回复并辟谣，这几年也通过官方各类途径向旅客进行了科普。我司严格 按照客舱要求设定，确保客舱温度保持在舒适范围内，不存在故意调低客舱温度售卖毛毯的情况。#春 秋航空回应付费毛毯# 声明 我们已关注到网络上出现大量"将夏季容舱内出现的正常冷凝水 汽现象与客舱销售强行关联"的不实信息。 经我公司核实:视频中展示的是夏季容舱内的潮湿空气和空调制 造的干冷空气相遇后,形成正常的冷凝水汽现象。飞机起飞后,冷凝 水汽现象就会很快消失。该现象是常见的物理反应。 【#春秋航空否认故意开低温卖毛毯#：严格按照客舱温度要求设定】#春秋航空发声明# 近日，有乘客 吐槽乘坐春秋航空客舱太冷，部分乘客质疑机舱温度被故意调低，以引导购买毛毯，并放出客舱充 满"水汽"的视频。 网络不是法外之地,诚挚呼吁广大网友,不造谣、不传谣、不信 谣,共同维护文明、和谐、健康的网络环境。 c oll # 01 # 0 11 11 ...

证券之星消息，8月25日航空机场板块较上一交易日上涨1.54%，中信海直领涨。当日上证指数报收于 3883.56，上涨1.51%。深证成指报收于12441.07，上涨2.26%。航空机场板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000099 | 中信海直 | 24.38 | 2.22% | 42.25万 | | 10.22亿 | | 600115 | 中国东航 | 4.17 | 2.21% | 83.65万 | | 3.45亿 | | 600029 | 南方航空 | 6.00 | 2.04% | 84.93万 | | 5.05亿 | | 600221 | 海航控股 | 65" I | 1.92% | 520.64万 | | 8.23亿 | | 601111 | 中国国航 | 7.54 | 1.89% | 121.59万 | | 2660'6 | | 601021 | 春秋航空 | 53.46 | 1.44% | 6.90万 | | 3.67亿 | | ...

Summary of Key Points from the Conference Call Industry Overview - **Industry Focus**: The conference call primarily discusses the **Chinese airline and logistics industries** in the context of the **2025 anti-involution campaign** aimed at addressing aggressive competition and stabilizing market conditions [2][4][18]. Core Insights and Arguments - **Anti-involution Campaign**: The campaign is a strategic initiative by the Chinese government to stabilize pricing and enhance service quality across various sectors, particularly logistics and airlines, during a downward economic cycle [2][4][8]. - **Logistics Sector**: The logistics industry is experiencing regulatory efforts to curb over-competition, with price adjustments and guidance from authorities like the State Post Bureau and NDRC. This is expected to improve industry stability and profitability [2][3][18]. - **Airline Sector Challenges**: Airlines face unique challenges, including weak demand and a shift to rail travel, rather than just aggressive competition. The dominance of Online Travel Agencies (OTAs) complicates pricing regulations, as they control 70-80% of flight ticket sales [2][3][10][18]. - **Stock Recommendations**: The analysis maintains a cautious stance on Chinese airlines due to ongoing unprofitability, while expressing a positive outlook on logistics companies like ZTO, SF Holdings, and JD Logistics, which are expected to benefit from regulatory measures [3][4][18]. Additional Important Content - **Passenger Volume Trends**: Despite an increase in passenger volumes during the summer, airlines continue to face pricing pressures, with domestic air passenger volume rising by 2.7% year-over-year in July, while international passenger volume increased by approximately 16% [9][11]. - **Pricing Power Issues**: The average airfare for domestic economy class dropped by 7.5% year-over-year, remaining 5% below pre-COVID levels, indicating persistent demand challenges [11][10]. - **High-Speed Rail Competition**: The growth of high-speed rail (HSR) is diverting passengers from air travel, particularly for short-haul flights, exacerbating the challenges faced by airlines [10][12][14]. - **Regulatory Focus**: The logistics sector has seen a narrowing decline in Average Selling Prices (ASP) due to intensified regulatory supervision, which may serve as a model for potential measures in the airline sector, although challenges remain [18][21]. Conclusion - The conference call highlights the contrasting dynamics between the logistics and airline sectors in China, emphasizing the need for regulatory interventions to stabilize pricing and improve profitability, particularly in the logistics industry, while the airline sector continues to grapple with deeper-rooted demand issues and competitive pressures.

Investment Rating - The report maintains a "Positive" outlook on the shipping sector, particularly highlighting the potential for VLCC (Very Large Crude Carrier) rates to strengthen in the upcoming months [4]. Core Insights - The report indicates that tanker rates have exceeded expectations during the off-season, with VLCC rates expected to perform strongly from September to December due to reduced exports from Iran and increased production in the Middle East [4]. - The report recommends specific companies such as China Merchants Energy Shipping and highlights the potential for consolidation in the Chinese shipping industry [4]. - The report emphasizes the resilience of freight volumes in rail and highway transport, suggesting steady growth in these sectors [4]. Summary by Sections Shipping Sector - VLCC rates increased by 32% this week, reaching $45,800 per day, driven by limited supply and increased demand from the Atlantic market [4]. - The report notes that the average export volume from Iran has decreased to 1.3-1.5 million barrels per day, down from 1.7-1.9 million barrels per day in July [4]. - The Suez crude oil tanker rates rose by 15% to $59,563 per day, supported by strong demand from the West African market [4]. Dry Bulk Shipping - The Baltic Dry Index (BDI) fell by 4.9% to 1,944 points, primarily due to a decline in large vessel rates, while smaller vessels showed stronger performance [5]. - The report remains optimistic about the Capesize bulk carrier market in the second half of the year, citing expected increases in shipments from major miners [4]. Air Transport - The report suggests that the "anti-involution" policy from the Civil Aviation Administration is likely to optimize competition in the airline industry, benefiting airline profitability in the long term [4]. - Recommended airlines include China Eastern Airlines, Spring Airlines, and China Southern Airlines, with a focus on the potential for improved earnings due to supply constraints and demand recovery [4]. Express Delivery - The report anticipates a price increase in the express delivery sector driven by the "anti-involution" policy, with expectations for sustained profitability in the e-commerce delivery segment [4]. - Companies such as Shentong Express and YTO Express are highlighted as having strong potential for recovery and valuation improvement [4]. Rail and Highway Transport - Data from the Ministry of Transport indicates that rail freight volume increased by 1.22% week-on-week, while highway freight traffic rose by 3.06% [4]. - The report identifies two main investment themes in the highway sector: high dividend yield stocks and potential value recovery in undervalued stocks [4].

格隆汇8月22日丨春秋航空(601021.SH)公布，2025年8月22日，公司按计划完成全部回购操作，已实施 回购公司股份5,787,255股，占公司总股本的比例约为0.5915%。回购成交的最高价为55.99元/股，最低 价为48.25元/股，回购均价51.83元/股，支付的资金总额为人民币3亿元（不含印花税、交易佣金等交易 费用）。 ...

回购方案首次披露日 2024/11/6 回购方案实施期限 2024 年 11 月 6 日~2025 年 8 月 22 日 预计回购金额 15,000万元~30,000万元 回购价格上限 59.1842元/股 □减少注册资本 √用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 □为维护公司价值及股东权益 实际回购股数 5,787,255股 实际回购股数占总股本比例 0.5915% 实际回购金额 299,946,510.69元 实际回购价格区间 48.25元/股~55.99元/股 关于股份回购实施结果暨股份变动的公告 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： 一、 回购审批情况和回购方案内容 春秋航空股份有限公司（以下简称"公司"）于 2024 年 11 月 4 日召开第五届 董事会第八次会议，审议通过了《关于以集中竞价交易方式回购公司股份的议案》 （以下简称"本次回购方案"），同意公司拟使用自有资金和自筹资金通过上海证 券交易所交易系统以集中竞价交易方式回购公司已发行的部分人民币普通股股票， 并将 ...

2024 年 8 月 28 日，春秋航空股份有限公司（以下简称"公司"）第五届董事 会第六次会议及第五届监事会第五次会议审议通过了《关于使用部分闲置募集资金 临时补充流动资金的议案》，同意公司在不影响本次募集资金使用的情况下，将不 超过 19,430,049 元闲置募集资金临时补充流动资金，用于与公司主营业务相关的生 产经营费用，使用期限自董事会审议通过之日起不超过 12 个月，详见公司于 2024 年 8 月 30 日披露的《春秋航空关于使用部分闲置募集资金临时补充流动资金的公 告》（公告编号：2024-043）。 2025 年 8 月 22 日，公司将前述临时补充流动资金 19,430,049 元提前归还至募 集资金专户，以满足募集资金项目的建设需要，该资金使用期限未超过 12 个月。 公司在闲置募集资金临时补充流动资金期间，对资金进行了合理的安排与使用，没 有影响募集资金投资计划的正常进行，资金运用情况良好。 截至本公告披露日，公司已将上述用于临时补充流动资金的募集资 19,430,049 元全部归还至募集资金专用账户，使用期限未超过 12 个月。同时，公司已经及时 将上述资金的归还情况通知了保荐机构和 ...