Group 1 - The aviation and airport sector experienced a decline of 1.41% on October 24, with China National Aviation leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] - Xiamen Airport saw a closing price of 15.70, with an increase of 2.28%, while China Eastern Airlines closed at 4.85, down 1.82% [1] Group 2 - The aviation and airport sector had a net outflow of 197 million yuan from institutional investors, while retail investors saw a net inflow of 100 million yuan [2] - Shenzhen Airport had a net inflow of 14.99 million yuan from institutional investors, while China National Aviation experienced a net outflow of 10.24 million yuan [2] - The overall capital flow showed that retail investors contributed positively to some stocks, despite the overall sector decline [2]

Core Insights - 吉祥航空 will fully implement its 2025 winter-spring flight schedule starting October 26, aiming to capitalize on the steady recovery of China's international passenger market [1] - The airline plans to optimize its domestic and international route network, enhance its international strategy, and increase capacity in central and northern China [1] Group 1: International Route Expansion - 吉祥航空 will strengthen flight frequencies to popular destinations along the "Belt and Road" initiative, maintaining daily flights from Shanghai to Bali, Kuala Lumpur, and Penang [1] - The airline will increase flight frequencies to Bangkok, Phuket, Hanoi, and Ho Chi Minh City, providing more options for winter travel and leisure tourism [1] - In Europe, the Shanghai to Manchester route will see increased frequency during peak travel periods, while flights to Japan and South Korea will also be significantly enhanced [1] Group 2: Domestic Route Development - The airline is launching a new route from Shanghai Pudong to Yueyang and Chengdu Tianfu, with four flights per week, connecting East China, Central China, and Southwest China [2] - 吉祥航空 is resuming popular winter tourism routes to Changbai Mountain and Harbin, as well as southern destinations like Zhuhai, Sanya, Xishuangbanna, and Kunming [2] Group 3: Subsidiary and Service Enhancements - The low-cost subsidiary, 九元航空, is resuming flights from Guangzhou to Osaka and launching new international routes from Haikou to Penang and Kuching, while adding domestic destinations [4] - 吉祥航空 is introducing several service upgrades, including a dedicated transfer service from Kansai Airport to Osaka city for travelers heading to Japan [4] - The airline is also launching a "passport information completion reward" program to encourage passengers to update their passport details in advance, offering double rewards and chances to win upgrades and discounts [4]

Market Overview - On October 23, the aviation and airport sector rose by 0.38% compared to the previous trading day, with Shenzhen Airport leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Shenzhen Airport (000089) closed at 7.40, up 3.06% with a trading volume of 554,900 shares and a turnover of 408 million yuan [1] - Xiamen Airport (600897) closed at 15.35, up 1.12% with a trading volume of 67,900 shares and a turnover of 105 million yuan [1] - China Eastern Airlines (600115) closed at 4.94, up 0.82% with a trading volume of 966,200 shares and a turnover of 473 million yuan [1] - China Southern Airlines (600029) closed at 6.66, up 0.45% with a trading volume of 608,500 shares and a turnover of 403 million yuan [1] Capital Flow - The aviation and airport sector saw a net inflow of 32.22 million yuan from institutional investors, while retail investors experienced a net inflow of 35.07 million yuan [2] - However, speculative funds recorded a net outflow of 67.29 million yuan [2] Individual Stock Capital Flow - China Southern Airlines (600029) had a net inflow of 69.47 million yuan from institutional investors, while it faced a net outflow of 34.49 million yuan from speculative funds [3] - China Eastern Airlines (600115) saw a net inflow of 39.42 million yuan from institutional investors, with a net outflow of 3.79 million yuan from speculative funds [3] - Shenzhen Airport (000089) experienced a net outflow of 11.13 million yuan from institutional investors, but had a net inflow of 5.62 million yuan from retail investors [3]

关于控股股东股份解除质押及质押的公告 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： 上海吉祥航空股份有限公司（以下简称"公司"）控股股东上海均瑶（集 团）有限公司（以下简称"均瑶集团"）持有公司股份 1,020,862,080 股，占公司股份总数的 46.74%，均瑶集团累计质押公司股票（含本次） 81,370 万股，占其所持公司股份数的 79.71%，占公司股份总数的 37.26%。 公司于近日收到公司控股股东均瑶集团通知，获悉其将所持有公司的部分股 份办理了解除质押及质押业务，具体事项如下： 一、本次股东股份解除质押基本情况： 注：若有尾差，则是因四舍五入所致。 证券代码：603885 证券简称：吉祥航空 公告编号：临 2025-074 上海吉祥航空股份有限公司 二、本次股东股份质押基本情况： 单位：万股 股东 名称 持股数量 持股比 例 本次解除 质押股数 占其所 持股份 比例 占公 司总 股本 比例 解除日期 质权人 剩余被质 押股份数 量 剩余被质押 股份数量占 其所持股份 比例 剩余被质押 股份数 ...

Market Overview - On October 22, the aviation and airport sector declined by 0.19% compared to the previous trading day, with Huaxia Airlines leading the decline [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China Eastern Airlines up by 0.82% to 4.90, while Huaxia Airlines fell by 2.36% to 10.77 [2][3] - The trading volume and turnover for major stocks included: - China Eastern Airlines: 1.0972 million shares, turnover of 534 million yuan - Huaxia Airlines: 327,400 shares, turnover of 351 million yuan - Xiamen Airport: 48,400 shares, turnover of 73.69 million yuan [1][2] Capital Flow - The aviation and airport sector experienced a net outflow of 152 million yuan from institutional investors, while retail investors saw a net inflow of 168 million yuan [2][3] - Detailed capital flow for selected stocks included: - China Eastern Airlines: Net inflow of 50.62 million yuan from institutional investors - Huaxia Airlines: Net inflow of 2.51 million yuan from institutional investors - Xiamen Airport: Net outflow of 6.81 million yuan from institutional investors [3]

Core Viewpoint - Shanghai Juneyao Airlines Co., Ltd. has received notification from its shareholder, Eastern Airlines Industry Investment Co., Ltd. (hereinafter referred to as "Eastern Airlines Investment"), regarding a reduction in shareholding through centralized bidding transactions [2][3]. Group 1: Shareholder Information - Eastern Airlines Investment has reduced its shareholding from 13.35% to 12.92%, amounting to a total of 9,397,500 shares sold between October 15, 2025, and October 21, 2025 [2][3]. - There are no concerted actions from other shareholders related to Eastern Airlines Investment [2]. Group 2: Impact of Shareholding Change - The reduction in shareholding does not lead to a change in the controlling shareholder or actual controller of the company, nor does it significantly impact the company's governance structure or ongoing operations [3]. - The shareholding change is part of a previously disclosed reduction plan and does not trigger a mandatory tender offer [2][3]. Group 3: Compliance and Disclosure - The company and its shareholders will continue to comply with relevant regulations regarding share reduction and will fulfill information disclosure obligations in a timely manner [3].

Group 1: Shareholder Reductions - Lihe Micro plans to reduce its holdings by no more than 3% [1] - Yiyadi Holdings intends to reduce its stake by no more than 1% [1] - Tongji Technology plans to repurchase no more than 441.55 million shares [1] - Tuoshan Heavy Industry's actual controller plans to reduce holdings by no more than 2.82% [1] - Special Friend Service's Longxin Construction and Jiaxing Chuangze plan to collectively reduce holdings by no more than 2% [1] - Tongyuan Environment's Yuantong Investment plans to reduce holdings by no more than 3% [1] - Huaxiang Co., Ltd.'s controlling shareholder Huaxiang Industry plans to reduce holdings by no more than 3% [1] - Eastern Airlines Investment has cumulatively reduced 9.3975 million shares of Juneyao Airlines [1] - National Integrated Circuit Fund has cumulatively reduced 3.0197 million shares of Zhongjia Port [1] - Shanghai Electric has reduced 13.3333 million shares of Electric Wind Power [1] - Yingqi Management has reduced 799,500 shares of Dagang Holdings [1] - Shareholder Sequoia Capital has cumulatively reduced 1.1739% of Longxun Co., Ltd. [1] - Philips has cumulatively reduced 1.35% of Chuangye Huikang [1] Group 2: Financial Performance - Laimei Pharmaceutical reported a net loss of 45.917 million yuan in the first three quarters [1] - Chuangye Gaisi reported a net loss of 24.9295 million yuan in the first three quarters [1]

重视航空超级周期长逻辑，重申增持 20251021 摘要 中国航空业正处于超级周期的初级阶段，人口红利持续驱动需求增长， 叠加疫情后出行意愿增强，即使宏观经济形势未明显改善，航空需求依 然强劲。 票价市场化改革基本完成，主要干线航线全票价已实现 50%-70%的上 调。同时，"十四五"期间机队增速显著放缓至小个位数，减轻了三四 线城市增投压力，有利于提升行业盈利中枢。 2025 年中国航空业进入供给递增时代，通过优化空域时刻管理、合理 控制飞机引进速度、提高机队周转效率及提升客座率来实现，预计该趋 势将持续 15 年。 自 2019 年以来，中国航空业客座率显著提升，部分航线已接近极限。 未来供需改善将更多体现在票价上，行业已进入供给低增时代，主要受 空域时刻瓶颈和飞机制造产能恢复缓慢等因素影响。 2025 年以来，中国航空市场需求整体稳健增长，与 GDP 增长呈正相关 关系。二季度公商务出行活跃，三季度因私出行强劲，9 月份工商务出 行快速恢复，整体趋势向好。 Q&A 近年来航空板块的投资机会如何？其背后的长逻辑是什么？ 航空板块自 2025 年 9 月以来表现亮眼，我们认为这不仅是短期票价同比上升 和油价 ...

证券代码：603885 证券简称：吉祥航空 公告编号：临 2025-073 上海吉祥航空股份有限公司 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | | □ | 控股股东/实控人 | | | 东方航空产业投资有 | □ | 控股股东/实控人的一致 | √ 91310105MA1FW5107H | | 限公司 | 行动人 | | □ 不适用 | | | √ | 其他直接持股股东 | | 关于持股 5%以上股东权益变动触及 1%刻度的提示性公告 公司股东东方航空产业投资有限公司保证向本公司提供的信息真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少√ | | --- | --- | --- | --- | | 权益变动前合计比例 | 13.35% | | | | 权益变动后合计比例 | 12.92% | | | | 本次变动是否违反已作出的承 | 是□ | 否√ | | | 诺、意向、计划 | | ...

格隆汇10月21日丨吉祥航空(603885.SH)公布，公司于2025年10月21日收到持股5%以上股东东航产投的 告知函，因自身业务安排及需要，东航产投于2025年10月15日至2025年10月21日，通过集中竞价交易方 式累计减持公司股份939.75万股，占公司总股本的比例由13.35%减少至12.92%，权益变动触及1%刻 度。 ...