Core Viewpoint - The company, 吉祥航空, is responding to concerns raised by the Jiangsu Consumer Protection Committee regarding the "excessive seat locking" issue and is currently conducting internal evaluations and self-corrections as required by the committee [1] Group 1: Company Response - 吉祥航空 is one of the few airlines that has publicly addressed the "seat locking" rectification issue following the committee's discussions [1] - The company is in the process of reviewing relevant clauses and conducting self-assessments in response to the committee's requirements [1] Group 2: Industry Context - The Jiangsu Consumer Protection Committee has conducted online discussions with over ten airlines regarding the "seat locking" issue, including major carriers such as 东方航空, 南方航空, and 中国国航 [1] - 四川航空 has also indicated that it is progressing with related work in coordination with the committee and will provide follow-up feedback by the agreed date [1]

Core Insights - The aviation and airport sector experienced a decline of 0.34% on December 2, with Huaxia Airlines leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Xiamen Airport (600897) closed at 16.34, up 1.18% with a trading volume of 72,500 shares and a turnover of 119 million yuan [1] - Baiyun Airport (600004) closed at 9.75, up 0.93% with a trading volume of 176,000 shares and a turnover of 171 million yuan [1] - Shenzhen Airport (000089) closed at 6.99, up 0.72% with a trading volume of 108,500 shares and a turnover of 7.56 million yuan [1] - China Eastern Airlines (600115) remained unchanged at 5.12 with a trading volume of 674,100 shares and a turnover of 345 million yuan [1] - Huaxia Airlines (002928) closed at 9.93, down 2.36% with a trading volume of 206,800 shares and a turnover of 207 million yuan [2] Capital Flow - The aviation and airport sector saw a net outflow of 82.29 million yuan from institutional investors and 44.87 million yuan from retail investors, while individual investors had a net inflow of 127 million yuan [2] - Notable capital flows included: - Southern Airlines (600029) had a net inflow of 15.42 million yuan from institutional investors [3] - Spring Airlines (601021) saw a net inflow of 9.77 million yuan from institutional investors [3] - China Eastern Airlines (600115) experienced a net outflow of 5.52 million yuan from institutional investors [3]

Core Viewpoint - The issue of "seat locking" and paid seat selection services by airlines has sparked widespread discussion among consumers, with many reporting that desirable seats in economy class are often locked and require additional fees to select [1] Group 1: Investigation Results - The Jiangsu Provincial Consumer Rights Protection Committee conducted a survey of 10 domestic airlines, including China Southern Airlines, Air China, Hainan Airlines, Xiamen Airlines, Shenzhen Airlines, Shandong Airlines, Sichuan Airlines, Eastern Airlines, Spring Airlines, and Juneyao Airlines [1] - The survey revealed that all 10 airlines engage in seat locking practices, with Xiamen Airlines having a seat locking rate as high as 42.5%, while most airlines reported seat locking rates exceeding 30%, and some even surpassing 50% [1] - The Jiangsu Provincial Consumer Rights Protection Committee has issued clear rectification requirements to the 10 airlines regarding the seat locking issue, demanding written reports on corrective actions within 15 working days [1]

Core Points - The company has approved a share repurchase plan to buy back shares using its own and raised funds, with a total repurchase amount between RMB 25 million and RMB 50 million, at a maximum price of RMB 15.80 per share, within a 12-month period [1] Group 1: Share Repurchase Basic Information - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives [1] - The repurchase will be conducted through centralized bidding [1] Group 2: Progress of Share Repurchase - As of November 2025, the company has repurchased a total of 36,474,886 shares, representing 1.67% of the total share capital, with a total expenditure of RMB 463,348,666.73 [2] - The highest purchase price was RMB 13.46 per share, and the lowest was RMB 11.93 per share [2] Group 3: Changes or Termination of Repurchase Plan - The company has changed the purpose of 15 million repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital, which was executed on July 1, 2025 [2] - This change is aimed at enhancing long-term investment value and improving earnings per share [2] Group 4: Adjustments to Repurchase Price Cap - The maximum repurchase price was adjusted from RMB 15.80 to RMB 15.7017 per share starting June 4, 2025, while other aspects of the repurchase plan remain unchanged [3] Group 5: Other Matters - The company will adhere to relevant regulations and will make repurchase decisions based on market conditions, ensuring timely disclosure of progress [5]

Core Viewpoint - The recent practice of airlines locking seats and charging for seat selection has sparked widespread consumer dissatisfaction, with many feeling that their rights to choose seats are being unfairly restricted [1][19]. Group 1: Consumer Feedback - Many consumers, like Ms. Zhang, have experienced locked seats and expressed frustration over the additional costs required to select preferred seats, which they believe should be included with the purchase of an economy class ticket [3][19]. - The investigation revealed that consumers are often required to use points or pay extra fees to unlock desirable seats, which they feel is an unfair practice [11][13]. Group 2: Investigation Findings - The Jiangsu Provincial Consumer Protection Committee conducted an investigation into 10 domestic airlines, finding that all had locked seats in economy class, with the locking rate ranging from 19.9% to 62.1%, averaging 38.7% [4][5]. - The investigation highlighted that the locked seats are primarily located in the front rows and preferred window or aisle positions, limiting consumer choices to less desirable seats [9][11]. Group 3: Airline Justifications - Airlines have provided various justifications for locking seats, such as reserving them for special passengers or maintaining flight balance, but these reasons have been contradicted by the investigation results showing high locking rates [15][16]. - The lack of a unified standard for seat locking across airlines has led to significant discrepancies in how and why seats are locked [16]. Group 4: Legal and Regulatory Concerns - The practice of locking seats has been deemed to infringe upon multiple consumer rights, including the right to know, the right to choose, and the right to fair trade [19][22]. - Experts have pointed out that airlines' failure to clearly communicate seat selection policies and locking criteria violates consumer protection laws [20][22]. Group 5: Regulatory Actions - The Jiangsu Provincial Consumer Protection Committee has called for the 10 airlines to rectify their practices, specifically addressing the excessive locking of seats and the imposition of fees for seat selection [23][24]. - Airlines are required to ensure transparency in their policies, provide equal selection opportunities for all passengers, and respect consumer rights [27][29].

Group 1: BYD Performance - BYD announced a production of 474,200 new energy vehicles (NEVs) and sales of 480,200 NEVs in November 2025 [1] - Cumulative production for the year reached 4,117,600 units, representing a year-on-year increase of 7.29% [1] - Cumulative sales for the year totaled 4,182,000 units, with a year-on-year growth of 11.30% [1] - In November, BYD exported 131,900 NEVs and installed approximately 27.669 GWh of power batteries and energy storage batteries [1] Group 2: Investment Initiatives - Lushin Venture Capital plans to establish a 400 million yuan investment fund focusing on life sciences, advanced manufacturing, and AI [2] - Chint Electric's wholly-owned subsidiary intends to invest up to 201 million yuan in a green private equity investment fund with a total scale of 700 million yuan [8] Group 3: Corporate Actions - Qianwei Central Kitchen will conduct a shareholder reward activity, offering a product package worth 200 yuan to individual shareholders holding 100 shares or more [3] - Huaxia Happiness plans to use trust beneficiary rights to offset financial debts totaling up to 24 billion yuan as part of its debt restructuring plan [4] - Tailong Pharmaceutical's controlling shareholder is planning a share transfer, leading to a temporary suspension of the company's stock [5] - ST Xianhe has applied to revoke other risk warnings, pending approval from the Shenzhen Stock Exchange [6] - *ST Yuancheng's stock will be delisted due to a market value below 500 million yuan for 20 consecutive trading days [7] Group 4: Sales and Contracts - SAIC Group reported sales of 4,108,000 vehicles from January to November 2025, a year-on-year increase of 16.4% [10] - Geely Automobile's total sales in November reached 310,428 units, marking a 24% increase year-on-year [11] - Far East Holdings' subsidiaries secured contracts worth 2.383 billion yuan in November, positively impacting future earnings [18] - Samsung Medical's subsidiary signed a contract for an annual bidding project in Indonesia worth approximately 160 million yuan [19] - Zhongchao Holdings' subsidiaries recently won contracts totaling 1.318 billion yuan [20] - Changhua Group received a project development notice from a domestic automaker, with an expected total sales amount of approximately 732 million yuan [21]

上海吉祥航空股份有限公司 证券代码：603885 证券简称：吉祥航空 公告编号：2025-082 关于以集中竞价交易方式回购公司股份的回购进展公告 | 回购方案首次披露日 | 2025/2/6 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 1 月 1 | 27 | 日~2026 | 年 | 月 | 26 日 | | 预计回购金额 | 25,000万元~50,000万元 | | | | | | | 回购用途 | √减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | □用于转换公司可转债 □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 36,474,886股 | | | | | | | 累计已回购股数占总股本比例 | 1.67% | | | | | | | 累计已回购金额 | 463,348,666.73元 | | | | | | | 实际回购价格区间 | 11.93元/股~13.46元/股 | | | | | | 一、回购股份的基本情况 2025 年 1 ...

Group 1 - The core point of the article is that 吉祥航空 (China Eastern Airlines) has repurchased a total of 36.4749 million shares, which represents 1.67% of the company's total share capital, as of November 30, 2025 [1] - The highest purchase price for the repurchased shares was RMB 13.46 per share, while the lowest price was RMB 11.93 per share [1] - The total amount spent on the share repurchase, excluding transaction fees, is RMB 463 million [1]

Group 1 - The core point of the article is that 吉祥航空 (Juneyao Airlines) has announced a share buyback program, repurchasing approximately 36.47 million shares, which represents 1.67% of its total share capital of about 2.184 billion shares, with a total expenditure of approximately 463 million RMB [1][1][1] - The highest purchase price for the shares was 13.46 RMB per share, while the lowest was 11.93 RMB per share [1][1][1] - As of the report, the market capitalization of 吉祥航空 is 29.1 billion RMB [1][1][1] Group 2 - For the first half of 2025, the revenue composition of 吉祥航空 is entirely from transportation, warehousing, and postal services, accounting for 100% [1][1][1]

吉祥航空公告称，2025年1月27日公司拟以2.5亿元-5亿元回购股份，用于员工持股计划或股权激励，回 购期限至2026年1月26日。截至11月30日，累计回购36,474,886股，占总股本1.67%，支付总金额4.63亿 元，回购价11.93元/股-13.46元/股。此外，公司变更1500万股用途并注销，自6月4日起，回购价格上限 由15.80元/股调整为15.7017元/股。 ...