Group 1 - The core viewpoint of the article highlights the peak shipping season for fresh-cut flowers in Yunnan due to the overlap of the Spring Festival and Valentine's Day, with a focus on meeting domestic and international demand for festive flowers [1][2] Group 2 - The characteristics of flower transportation during this period include tighter timelines, smaller batch sizes, and higher quality requirements, with key flower varieties like roses, lilies, and carnations being shipped from Yunnan to various domestic and international markets, including Singapore, Kuala Lumpur, and Dubai [2] - Eastern Airlines Logistics Southwest Branch has proactively planned and dynamically optimized capacity allocation, coordinating passenger flights to manage cargo space and flexibly adjusting flight schedules to ensure sufficient transport capacity [2] - The on-site support team has established dedicated green channels for flowers and express shipments, increased collection windows, and optimized the entire process from receiving, security checks, to loading, ensuring rapid warehousing, priority loading, and timely departures [2] - Strict adherence to light loading and unloading protocols by operational staff maximizes the freshness of the flowers, while enhancing sorting efficiency and precise matching of cargo space ensures timely delivery of the flowers [2]

Group 1 - The core point of the news is that Eastern Airlines Logistics plans to acquire a 49% stake in Shanghai Eastern Airlines Supply Chain Management Co., Ltd. for approximately 200 million yuan, aiming for full ownership to enhance operational efficiency in the aviation materials supply chain [1] Group 2 - In the past week, Eastern Airlines Logistics' stock price has shown a fluctuating upward trend with a range increase of 2.94%. On February 9, the stock rose by 3.20% due to the acquisition news, with significant trading volume [2] - The latest closing price on February 11 was 19.23 yuan, reflecting a daily increase of 1.37%, although there was a net outflow of main funds, indicating short-term capital divergence [2] - The stock has outperformed related sectors during the same period [2] Group 3 - Institutional views on Eastern Airlines Logistics are neutral, with a comprehensive target price set at 20.30 yuan, indicating potential upside from the current price [3] - Profit forecasts suggest a slight increase in net profit for 2025, with an expected acceleration in growth for 2026, primarily driven by the efficiency improvements from the integration of the aviation materials supply chain [3] - Recent institutional ratings have been predominantly neutral [3]

Core Viewpoint - Eastern Airlines Logistics has initiated its Spring Festival supply guarantee operations, focusing on the smooth circulation of essential goods and festive products during the 2026 Spring Festival, with an average daily cargo handling volume exceeding 7,000 tons in Shanghai alone during the first week of the Spring Festival [1]. Group 1 - Eastern Airlines Logistics has dynamically optimized capacity allocation to meet the demand for festive goods transportation, ensuring that capacity matches market needs through measures such as charter flights and flight adjustments [2]. - Safety is prioritized in operations, with the company implementing a series of measures including aircraft airworthiness management, weather warning systems, and strict operational monitoring to establish a robust safety defense for holiday supplies [2]. - The company has enhanced personnel and facility support to ensure efficient last-mile delivery of festive goods, optimizing workforce scheduling and completing key facility maintenance in advance [2]. Group 2 - Regional branches of Eastern Airlines Logistics have tailored their logistics services to meet local specialty goods and essential needs, such as upgrading the "land-to-air" model in North China to facilitate the distribution of fresh produce [3]. - The Southwest branch has established a temporary storage area and priority channel for flowers to minimize ground handling time, while the South China branch has reinforced temperature control to maintain the quality of aquatic products [3]. - These logistics initiatives collectively contribute to the efficient delivery of regional specialties and festive flavors across the country, supporting the concept of a "flowing China" through a reliable logistics network [3].

截至目前，东航物流华北分公司各单位已全面启动新春保供机制，从市场销售、产地集货到冷链陆运、 航班配载，各环节无缝衔接、高效运转。无论是从沿海城市运抵哈尔滨餐桌的鲜活海鲜，还是从西北高 原出发运往江南水乡餐桌的精品牛羊肉，均在东航物流华北分公司的专业保障下安全准时抵达，为千家 万户送去丰富多样的"年味"。 作为服务乡村振兴和消费升级的物流力量，东航物流华北分公司将持续优化多式联运方案，为更多优质 农产品开辟"空中走廊"，继续以专业、高效、温暖的航空物流服务，让新春暖意随航班飞越山河、抵达 心间。（编辑：陈虹莹 校对：李佳洹 审核：程凌） 《中国民航报》、中国民航网 记者蒲婉莹 通讯员牛子璇 报道：今年春运自2月2日正式启动。自春运以 来，东航物流华北分公司全力保障年货航空运输畅通。面对春运保障任务，东航物流华北分公司迅速响 应、周密部署，组织召开专题动员会，细化保障方案，强化生产组织与跨部门协同机制，全面进入春运 保供状态。 春运期间，东航物流华北分公司持续拓展服务版图，创新升级"陆转航"多式联运模式。在巩固内蒙古牛 羊肉主产区货源基础的同时，进一步联动乌鲁木齐、兰州等西部地区，将高原特色生鲜高效集运至北 京、 ...

本次股权转让将有利于公司聚焦航空主业，通过本次交易，东航供应链将成为东航物流的全资子公司。 公司将充分利用并发挥东航物流在航材供应链运输和管理业务领域的优势，从而为公司提供更加高效优 质的航材供应链管理和物流保障服务。 中国东方航空股份(00670)公布，2026年2月9日，公司的全资附属公司东航进出口与东航物流 （601156）签署《转让协议》，东航进出口将所持东航供应链49%股权转让给东航物流，股权转让价款 约为人民币1.998亿元。 ...

证券代码：601156 证券简称：东航物流 公告编号：临2026-002 东方航空物流股份有限公司 关于收购东航供应链 49%股权暨关联交易的公告 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： 东方航空物流股份有限公司（以下简称"公司"或"东航物流"）与东方 航空进出口有限公司（以下简称"东航进出口"）于 2026 年 2 月 9 日签署股权转 让协议，公司收购东航进出口持有的上海东航供应链管理有限公司（以下简称"东 航供应链"）49%股权，交易对价为 19,984.65 万元。本次股权收购完成后，公司 持有东航供应链的股权比例将从 51%增加至 100%，不会导致公司合并报表范围发 生变更。 中国东方航空集团有限公司（以下简称"中国东航集团"）为公司控 股股东、实际控制人，东航进出口为中国东航集团间接控股的企业，根据《上 海证券交易所股票上市规则》（以下简称《上市规则》）的相关规定，东航进 出口为公司关联方。本次交易构成关联交易，不构成重大资产重组。 本次交易已经公司第三届董事会 2025 年第 4 次例会 ...

东航供应链是一家专业从事包括发动机在内的航材供应链服务及精密仪器运输的专业公司，是各大航空 公司发动机、航材、大型精密仪器的指定物流解决方案服务商，主营业务是仓储、操作业务、国内空运 和零担业务、国际空运业务和专车运输业务。 格隆汇2月9日丨东航物流(601156.SH)公布，为进一步整合业务资源，有效推动"航空运输+航材物流"一 体化运作，提升航材供应链业务的运营效率和协同水平，公司与东方航空进出口有限公司(以下简称"东 航进出口")于2026年2月9日签署股权转让协议，公司拟收购东航进出口持有的上海东航供应链管理有限 公司(以下简称"东航供应链")49%股权，交易对价为2亿元。本次股权收购完成后，公司持有东航供应链 的股权比例将从51%增加至100%，不会导致公司合并报表范围发生变更。 ...

Group 1 - The company announced on February 9 that it signed a share transfer agreement with Eastern Airlines Import and Export Co., Ltd. to acquire a 49% stake in Shanghai Eastern Airlines Supply Chain Management Co., Ltd. for a transaction price of 199.8465 million yuan [1] - Following the completion of this share acquisition, the company's ownership in Eastern Airlines Supply Chain will increase from 51% to 100%, and this will not result in any changes to the company's consolidated financial reporting scope [1] - This transaction is classified as a related party transaction and does not constitute a major asset restructuring [1]

格隆汇2月9日｜中国东航公告，下属公司东航进出口与控股股东中国东航集团的控股子公司东航物流签 署股权转让协议，东航进出口将其持有的上海东航供应链管理有限公司49%股权转让至东航物流，交易 价格约为2亿元。交易完成后，东航进出口将不再持有东航供应链的股权，东航供应链将成为东航物流 的全资子公司。本次交易构成关联交易，不构成重大资产重组。 ...

Investment Rating - The report maintains an "Overweight" rating for the transportation industry [7] Core Views - The report highlights three main investment themes for February: aviation, oil shipping, and road transportation, driven by the Spring Festival travel peak and geopolitical factors [1][2][3] - The aviation sector is expected to benefit from improved supply-demand dynamics, with a focus on major airlines [1][2] - Oil shipping is anticipated to see price increases due to geopolitical tensions affecting supply [1][3] - The road transportation sector is viewed as a stable dividend asset amid market volatility, with specific recommendations for certain stocks [1][5] Aviation - The passenger load factor for 2025 is projected to rise to 85.1%, with ticket prices showing a mixed trend [2][14] - The Spring Festival is expected to catalyze stock price movements, with a forecast of 95 million passengers during the travel period, a 5.3% increase year-on-year [16][28] - The report notes that fuel price increases are manageable, as fuel surcharges can cover most cost increases [20][21] Oil Shipping - In January, oil shipping rates continued to strengthen due to increased demand from geopolitical tensions in Venezuela and Iran [3][34] - The report indicates that oil shipping rates are expected to rise further post-Spring Festival, despite a potential short-term dip during the holiday season [34][36] Logistics - The express delivery sector is experiencing a slowdown in volume growth, while prices remain stable [4] - There are signs of recovery in the hazardous materials logistics sector, driven by improved supply-demand dynamics in the upstream chemical industry [4] Road Transportation - The road transportation sector is characterized by high demand for both passenger and freight services, with a notable increase in short-distance travel during the Spring Festival [5][28] - The report recommends specific stocks in the road sector, highlighting their potential for stable returns amid market fluctuations [1][5] Airport Operations - The report emphasizes the steady growth in passenger throughput at listed airports, with international routes contributing significantly to this growth [28] - It also notes that new capacity coming online may impact profitability, particularly for airports undergoing capital expenditure cycles [28][33]