Group 1 - The core viewpoint of the news is that Eastern Airlines Logistics has shown a positive stock performance with a year-to-date increase of 8.37% and a recent rise of 2.22% in intraday trading, reflecting strong market interest and investment activity [1] - As of December 18, the stock price is reported at 17.97 yuan per share, with a total market capitalization of 28.528 billion yuan and a trading volume of 1.07 billion yuan [1] - The company has experienced significant net inflows of capital, with a net inflow of 18.33 million yuan from major funds and a notable buying activity from large orders [1] Group 2 - Eastern Airlines Logistics operates in the transportation and logistics sector, specifically in cross-border logistics, and is involved in various concept sectors including the Belt and Road Initiative and overseas expansion [2] - For the period from January to September 2025, the company 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] - The company has distributed a total of 2.726 billion yuan in dividends since its A-share listing, with 1.630 billion yuan distributed over the past three years [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300873 | 海晨股份 | 21.88 | 3.75% | 3.53万 | > 7600.46万 | | 601156 | 东航物流 | 17.58 | 2.87% | 13.24万 | 2.29亿 | | 002468 | 申通快递 | 14.37 | 2.20% | 11.55万 | 1.65亿 | | 603713 | 密尔克卫 | 54.88 | 2.18% | 1.93万 | 1.05亿 | | 603836 | 海程邦达 | 13.86 | 2.06% | 7.04万 | 9856.11万 | | 603117 | 万林物流 | 4.75 | 1.93% | 7.73万 | 3623.45万 | | 001202 | 炬申股份 | 15.06 | 1.76% | 2.04万 | 3020.09万 | | 600603 | 广汇物流 | 6.39 | 1.11% | 10.10万 | 6369.47万 | | 603056 | 德邦股 ...

《中国民航报》、中国民航网 记者胡夕姮 报道：12月5日，第十八届中国可持续信息披露国际研讨会 暨"金蜜蜂2025优秀企业可持续发展报告榜"发布典礼在京举行。东航物流凭借其发布的《2024年可持续 发展（ESG）报告》，荣获"金蜜蜂2025优秀企业可持续发展报告·环境责任信息披露奖"。该奖项标志 着东航物流ESG报告的质量与规范性获得了权威肯定，也印证了公司在环境责任信息批露方面的实践成 效。 本次研讨会由金蜜蜂智库与中国可持续发展工商理事会联合主办，聚焦"全球标准与本土实践融合、自 然与气候风险应对"等核心议题，对企业可持续信息的实质性披露能力等提出更高要求。金蜜蜂智库自 2008年起已连续17年开展中国企业可持续发展报告评估，其构建的评价体系涵盖结构完整性、内容实质 性等六大维度和16项核心参数，在行业内具有广泛公信力。 此次获奖报告为东航物流发布的第三份ESG专项报告，以"创新领航 链接世界"为主题，紧密贴合航空 物流行业特色与企业发展战略。"创新领航"展现公司通过推进数字化转型、应用智慧系统以及创新商业 模式等一些列举措，系统构建航空物流新质生产力；"链接世界"则强调公司依托全球航线网络，积极融 入" ...

证券日报网讯 12月10日晚间，东航物流发布公告称，选举钟中为职工董事。 （文章来源：证券日报） ...

特此公告。 东方航空物流股份有限公司董事会 2025 年 12 月 11 日 1 证券代码：601156 证券简称：东航物流 公告编号：临 2025-046 东方航空物流股份有限公司 关于选举职工董事的公告 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。 东方航空物流股份有限公司（以下简称"公司"）2025 年第一次临时股东大 会审议通过了《关于修订<公司章程>的议案》，根据《中华人民共和国公司法》 及修订后的《公司章程》等相关规定，公司董事会设职工董事一名，职工董事由 公司职工通过职工代表大会、职工大会或者其他形式民主选举产生。 公司于近日召开了第三届第二次职工代表大会，会议审议通过选举钟中（简 历见附件）担任公司第三届董事会职工董事。任期自第三届第二次职工代表大会 审议通过之日起至第三届董事会任期届满之日止。钟中的任职资格符合相关法 律、法规、规范性文件和《公司章程》的有关规定。 本次选举完成后，公司第三届董事会中兼任公司高级管理人员以及由职工代 表担任的董事人数总计未超过公司董事总数的二分之一。 2 附件 钟中简历 钟中 ...

Market Overview - The logistics sector increased by 0.67% on December 10, with Longzhou Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3900.5, down 0.23%, while the Shenzhen Component Index closed at 13316.42, up 0.29% [1] Top Performers in Logistics Sector - Longzhou Co., Ltd. (002682) closed at 10.49, up 9.96% with a trading volume of 3.12 million shares and a transaction value of 3.12 billion [1] - Jiacheng International (603535) closed at 11.09, up 4.72% with a trading volume of 130,100 shares [1] - Eastern Airlines Logistics (601156) closed at 16.80, up 3.51% with a trading volume of 165,000 shares [1] Underperformers in Logistics Sector - Tiens Co., Ltd. (002800) closed at 14.92, down 3.12% with a trading volume of 52,500 shares [2] - Haicheng Bangda (603836) closed at 14.46, down 2.03% with a trading volume of 59,700 shares [2] - Dongfang Jiasheng (002889) closed at 16.15, down 2.00% with a trading volume of 98,900 shares [2] Capital Flow Analysis - The logistics sector experienced a net outflow of 429 million yuan from institutional investors, while retail investors saw a net inflow of 344 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - SF Holding (002352) had a net inflow of 1.05 billion yuan from institutional investors, but saw outflows from both retail and speculative investors [3] - Jianfa Co., Ltd. (600153) had a net inflow of 26.63 million yuan from institutional investors, with outflows from speculative and retail investors [3] - Xiamen Guomao (600755) recorded a net inflow of 19.93 million yuan from institutional investors, while also experiencing outflows from other investor types [3]

Summary of Eastern Airlines Logistics Conference Call Company Overview - **Company**: Eastern Airlines Logistics - **Period**: First three quarters of 2025 Key Financial Metrics - **Net Profit**: 712 million yuan, slightly decreased year-on-year [2][3] - **Fleet Expansion**: Increased cargo aircraft to 18 [2][3] Industry Insights Market Performance - **European Market**: Strong demand with a 17% year-on-year increase in air cargo volume from China to Europe [2][5] - **US Market**: Despite challenges from US tariff policies, cargo volume remained stable due to strategic adjustments [2][5] Strategic Adjustments - **Route Adjustments**: New routes opened to Hanoi, Vietnam, and from Hefei to Europe, enhancing cargo volume [2][3] - **Client Structure**: Adjusted client structure and partnered with tech giants to mitigate tariff impacts [3][5] Future Outlook Capacity and Demand - **Capacity Expansion**: Plans to continue expanding capacity in 2026, anticipating a reduction in US market volatility due to improved trade relations [2][6] - **Market Demand**: Expectation of steady growth in air cargo demand driven by increased Chinese exports [6][33] New Routes - **Chongqing Hub**: New routes from Shanghai via Hong Kong to Chongqing and from Chongqing to Frankfurt, leveraging Chongqing's strategic position [2][7][8] Financial Performance Analysis Revenue and Profit Trends - **Revenue Growth**: Revenue increased quarter-on-quarter, but profits slightly decreased due to rising costs and reduced subsidies [3][12] - **Gross Margin**: Ground service business gross margin declined but recovered to around 40% in Q3 [12][13] Pricing and Cost Dynamics - **Pricing Trends**: Slight decline in freight rates year-on-year, with expectations of stable rates due to supply constraints [16][17] - **Cost Pressures**: Rising costs from fuel prices and operational adjustments impacted profit margins [12][15] Regulatory and Policy Impact Tariff Policies - **US Tariff Changes**: The cancellation of small package exemptions and increased tariffs have affected trade dynamics, but the company has adapted effectively [3][28] - **EU Policy Changes**: Anticipated changes in small value tax policies in the EU expected to have a lesser impact compared to the US [6][9][23] Operational Challenges Supply Constraints - **Capacity Bottlenecks**: Limited new aircraft production and recent incidents affecting cargo aircraft availability have intensified supply constraints [20][21] Future Aircraft Plans - **Aircraft Acquisition**: Plans to introduce 15 new aircraft in 2026, focusing on existing markets and adjusting based on demand [29][30] Conclusion - **Long-term Outlook**: The company maintains a cautiously optimistic view on future air cargo market growth, supported by strategic expansions and resilience in operations [33]

证券代码：601156 证券简称：东航物流 公告编号：临2025-045 东方航空物流股份有限公司 关于召开2025年第二次临时股东会的通知 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、 召开会议的基本情况 (一) 股东会类型和届次 2025年第二次临时股东会 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的 投票，应按照《上海证券交易所上市公司自律监管指引第 1 号—规范运作》等 有关规定执行。 召开的日期时间：2025 年 12 月 30 日 14 点 00 分 召开地点：上海虹桥国际机场希尔顿酒店 3 楼虹桥厅 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 30 日 股东会召开日期：2025年12月30日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东 ...

Investment Rating - The report rates the transportation industry as "Outperform" [2] Core Views - Crude oil freight rates have declined from high levels, with mixed changes in ocean freight rates. The China Import Crude Oil Composite Index (CTFI) was reported at 2321.90 points on December 4, down 7.9% from November 27. The VLCC market has seen transactions at major loading ports, with shipowners trying to maintain price levels despite a cooling market [3][14] - China Eastern Airlines has launched the world's longest one-way flight route from Shanghai to Buenos Aires, reducing travel time by over 4 hours. Additionally, a ton-class eVTOL was included in urban firefighting drills for the first time [3][16] - In November, China's express delivery volume exceeded 180 billion items for the first time, marking a new record. The first full schedule China-Europe freight train departed from Shijiazhuang [3][24] Summary by Sections Industry Hot Events - Crude oil freight rates have decreased, with the Middle East route showing a 9.76% drop. The Shanghai port's export rates to Europe and the US have also seen declines of 0.3%, 5.0%, and 4.7% respectively [14][15] - The launch of the longest flight route by China Eastern Airlines connects Shanghai to Buenos Aires, significantly shortening travel time [16][17] - The express delivery volume in China reached a record high of 180 billion items in November, reflecting strong economic vitality [24][26] High-Frequency Data Tracking - The Baltic Air Freight Price Index has increased month-on-month but decreased year-on-year. The Shanghai outbound air freight price index was reported at 5721.00 points, up 2.4% year-on-year [28] - Domestic freight flight numbers decreased by 2.03% year-on-year in November, while international flights increased by 14.88% [30] - The SCFI index for container shipping was reported at 1397.63 points, down 0.39% week-on-week and down 38.06% year-on-year [37] Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [5] - Attention to the transportation demand increase driven by hydropower station construction in the Yarlung Tsangpo River downstream [5] - Investment opportunities in low-altitude economy trends, recommending CITIC Offshore Helicopter [5] - Opportunities in the highway and railway sectors, recommending Gansu Expressway, Beijing-Shanghai High-Speed Railway, and others [5] - Investment opportunities in the cruise and ferry sectors, recommending Bohai Ferry and Haixia Shares [5] - E-commerce and express delivery investment opportunities, recommending SF Express, Jitu Express, and Yunda [5] - Opportunities in the aviation sector, recommending Air China, China Southern Airlines, and others [5]

相关企业：南方航空物流股份有限公司、顺丰航空有限公司、杭州圆通货运航空有限公司、三亚佳翔航 空货运服务有限公司、中都友邦国际物流（北京）有限公司、中交航空港有限公司、北京富来特国际货 运代理有限责任公司、南通机场集团有限公司、金鹏航空有限责任公司、上海腾达国际物流股份有限公 司、上海傲湃国际货物运输代理有限公司、西部机场集团航空地勤（西安）有限公司 内容概要：航空货运服务是以航空器为载体、专注于机场至机场空中运输环节的现代物流方式，凭借速 度快、安全性高、空间跨度大等核心优势，成为高附加值、强时效性国际贸易货物运输的关键支撑。近 年来，国家持续强化政策引导，推动行业从"重客轻货"向"客货并重"转型，出台《"十四五"航空物流发 展专项规划》等系列文件，从枢纽建设、运力提升、数据互通等多维度构建支撑体系，为行业规模化、 专业化和国际化发展奠定制度基础。近年来，我国航空货运规模持续增长，2024年货邮运输量达898.2 万吨，其中国际航线表现尤为亮眼，增速接近30%，2025年1-10月继续保持两位数增长，凸显其在国际 供应链中的重要地位。然而，行业仍面临全货机运力供给不足、国际航线网络恢复缓慢等结构性挑战。 供需 ...