Core Viewpoint - Eastern Airlines Logistics has experienced a decline in stock price and revenue, indicating potential challenges in its operational performance and market position [1][2]. Group 1: Stock Performance - On January 9, Eastern Airlines Logistics' stock fell by 2.02%, trading at 17.92 yuan per share, with a total market capitalization of 28.449 billion yuan [1]. - Year-to-date, the stock price has decreased by 2.66%, with a 6.67% increase over the past 20 days and a 14.43% increase over the past 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Eastern Airlines Logistics reported a revenue of 17.249 billion yuan, a year-on-year decrease of 2.40%, and a net profit attributable to shareholders of 2.001 billion yuan, down 3.19% year-on-year [2]. - Cumulative cash dividends since the company's A-share listing amount to 2.726 billion yuan, with 1.630 billion yuan distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 26.75% to 39,500, while the average circulating shares per person increased by 36.52% to 23,935 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 10.085 million shares, a decrease of 6.9774 million shares from the previous period [3].

Core Viewpoint - Eastern Airlines Logistics (601156.SH) announced the acquisition of Shanghai Airlines' property for the establishment of a new operational center, indicating strategic expansion plans in the logistics sector [1] Group 1: Company Actions - The subsidiary China Cargo Airlines signed a real estate purchase contract with Shanghai Airlines on January 5, 2026 [1] - The property acquired is located at the Shanghai Hongqiao Base on Sui Ning Road, Changning District, Shanghai [1] - The transaction price is based on the assessed value, amounting to 137.6018 million yuan [1]

本次交易已经公司第三届董事会第 5 次普通会议审议通过，根据《上市 规则》《东方航空物流股份有限公司章程》等有关规定，本次关联交易无需提交 公司股东会审议。 证券代码：601156 证券简称：东航物流 公告编号：临2026-001 东方航空物流股份有限公司 关于子公司购买土地房产暨关联交易的公告 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"）子公司中国货运航空有 限公司（以下简称"中货航"）与上海航空有限公司（以下简称"上海航空"）于 2026 年 1 月 5 日签署了《上海市房地产买卖合同》，中货航购置上海航空位于上 海市长宁区绥宁路的上海航空虹桥基地土地使用权及其地上房屋建筑、附属设施 设备（以下简称"上航虹桥基地"），交易对价为 13,760.18 万元。本次交易价格 以相关主管部门备案的评估价值为基础确定。 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，上海航空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 ...

南财智讯1月5日电，东航物流公告，子公司中国货运航空有限公司与上海航空有限公司于2026年1月5日 签署《上海市房地产买卖合同》，以13,760.18万元（约13.76亿元）的价格购置其位于上海市长宁区绥 宁路的上航虹桥基地土地使用权及地上房屋建筑、附属设施设备，交易价格以评估价值为基础确定，支 付方式为一次性付款，在合同生效且收到发票后10个工作日内全额支付。该土地位于国内，面积为 32,828平方米，规划用途为工业用地，通过协议转让方式取得，资金来源为自有资金。此次交易旨在筹 建新运营中心，有利于公司优化运营布局。本次交易构成关联交易，但不构成重大资产重组，不会对公 司财务状况和经营成果产生重大不利影响。 ...

Group 1: Core Insights - The report maintains a "recommended" investment rating for the express logistics industry, highlighting the expected orderly competition and gradual optimization of the competitive landscape [1] - The express logistics sector is projected to benefit from the growth of e-commerce and reverse logistics, with a significant increase in business volume and revenue in 2025 [7][12] - The average price in the express industry has shown signs of recovery due to anti-involution policies, with a narrowing year-on-year decline in prices [18][24] Group 2: Industry Overview - In 2025, the total express business volume reached 180.74 billion pieces, a year-on-year increase of 14.9%, while total revenue was 1,355.06 billion yuan, up 7.1% [7][12] - The growth in express logistics is attributed to the expansion of e-commerce into lower-tier markets and the increasing demand for reverse logistics [12][14] - The average price per package has decreased by 12.5% year-on-year, reflecting the impact of low-cost e-commerce and live-streaming sales [12][14] Group 3: Competitive Landscape - Major companies like SF Express and YTO Express have seen an increase in market share, with SF Express's market share rising by 1.3 percentage points year-on-year [24][31] - The competitive dynamics have shifted, with leading companies maintaining growth while smaller firms face pressure to adapt to pricing strategies [24][25] - The report emphasizes the importance of head companies having stable cash flows and low debt levels, positioning them as quasi-dividend stocks [8][12] Group 4: Investment Strategy - The report suggests that the express logistics industry is currently undervalued, with expectations for improved profitability as competition stabilizes and pricing levels stabilize [7][12] - Key investment targets include Zhongtong Express, YTO Express, Shentong Express, and Yunda Express, which are expected to benefit from the evolving market dynamics [7][12] - The cross-border logistics segment is also highlighted for its growth potential, particularly in Southeast Asia and emerging markets, driven by the expansion of e-commerce [7][12]

Group 1 - Eastern Airlines Logistics Co., Ltd. is based in Changning District, Shanghai, and was established on August 23, 2004, with its listing date on June 9, 2021 [1] - The company's main business includes air express, ground comprehensive services, and integrated logistics solutions, with revenue composition as follows: integrated logistics solutions 46.66%, air express 41.77%, ground comprehensive services 11.44%, and others 0.14% [1] Group 2 - The fund "Xinda Aoya Fund" holds a significant position in Eastern Airlines Logistics, with 322,500 shares, accounting for 5.98% of the fund's net value, ranking as the eighth largest holding [2] - The fund "Xinda Aoya Fund" has a total scale of 78.3842 million, with a year-to-date return of 15.31%, ranking 5062 out of 8085 in its category [2] - The fund manager, Dong Xuan, has been in position for 1 year and 119 days, with the best fund return during this period being 33.19% and the worst being 31.77% [2]

Core Viewpoint - Eastern Airlines Logistics successfully concluded its "Hefei-Liege" all-cargo international route in 2025, marking a significant step in enhancing its international air freight network [1] Group 1: Route Performance - The "Hefei-Liege" route executed a total of 176 flights in 2025, transporting nearly 14,000 tons of cargo [1] - The route operates with a B777 wide-body freighter, offering three round trips per week, primarily transporting cross-border e-commerce goods, electronics, clothing, and daily necessities [1] Group 2: Operational Efficiency - To ensure the safe, smooth, and efficient operation of the route, Eastern Airlines Logistics established a specialized support team that actively collaborates with Hefei Airport, customs, and border defense [1] - The company optimized internal scheduling and tailored special support plans and emergency response strategies based on local operational realities [1] Group 3: Strategic Impact - The "Hefei-Liege" route provides a faster logistics channel to Europe for enterprises in Anhui and surrounding areas, promoting deep integration of regional industrial chains with global supply chains [1] - Eastern Airlines Logistics plans to further develop a three-dimensional route network that radiates globally [1]

Core Viewpoint - Eastern Airlines' MU6232 flight marked the first outbound passenger flight from Jiaxing Nanhu Airport, carrying 600 kilograms of high-value local goods, showcasing the airport's operational capabilities and Eastern Airlines Logistics' preparedness [1] Group 1: Operational Readiness - Eastern Airlines Logistics' East China branch implemented thorough preparations for the first cargo transport, ensuring safety and efficiency [1] - The logistics team established a comprehensive control system by conducting in-depth research on operational characteristics and key information regarding the airport's layout [1] - A 24-hour collaborative mechanism was set up with clients and airport support departments to ensure precise remote control and efficient on-site operations [1] Group 2: Strategic Development - Eastern Airlines Logistics plans to leverage Jiaxing's multi-modal transport hub advantages to align with the national strategy of integrated development in the Yangtze River Delta [1] - The company aims to build a modern air cargo network in East China, enhancing routes to core domestic regions in the northwest and southwest [1] - This initiative is expected to facilitate the convenient transportation of high-quality manufacturing products from Jiaxing and surrounding areas, contributing to regional economic development [1]

重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 293 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,100,822,625 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 69.3407 | | 份总数的比例（%） | | 证券代码：601156 证券简称：东航物流 公告编号：临2025-048 东方航空物流股份有限公司 2025年第二次临时股东会决议公告 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。 (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 公司 2025 年第二次临时股东会由董事会召集，董事长郭丽君主持。会议采 用现场记名投票和网络投票相结合的方式审议全部议案，会议的召集、召开及表 决方式符合《公司法》和《公司章程》的规定。 (一) 股东会召开的时间：2025 年 12 月 30 日 (二) 股东会召开的地点：上海虹桥国际机场希尔顿酒店 3 楼虹桥厅 (三) 出席 ...

FANGDA PARTNERS http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: 86-21-2208-1166 邮政编码：200041 传 真 Fax: 86-21-5298-5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai 200041, PRC 上海市方达律师事务所 关于东方航空物流股份有限公司 2025 年第二次临时股东会的法律意见书 致：东方航空物流股份有限公司 上海市方达律师事务所（以下简称"本所"）是具有中华人民共和国境内法 律执业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席东方航空 物流股份有限公司（以下简称"公司"）2025 年第二次临时股东会（以下简称 "本次股东会"），并就本次股东会的召集和召开程序、参与表决和召集会议人 员的资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书依据《中华人民共和国公司法》《中华人民共 ...