证券代码：603977 证券简称：国泰集团 编号：2025 临 025 号 江西国泰集团股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： （二）会议召开地点：上证路演中心 （三）会议召开方式：上证路演中心网络互动 三、参加人员 副董事长、总经理：洪余和先生 独立董事：邓铁清先生 投资者可于 2025 年 8 月 15 日（星期五）至 2025 年 8 月 21 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 gtirm@jxgtjtgw.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 江西国泰集团股份有限公司（以下简称"公司"）将于 2025 年 8 月 21 日发 布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半 年度经营成果、财务状况，公司计划于 2025 年 8 月 22 日上午 10:30-11:30 举行 2025 年半年度业绩说明会，就投资者关心 ...

Core Viewpoint - Cathay Pacific Group has successfully emerged from the pandemic's impact and is entering a sustained profit cycle, with significant investments planned to enhance its competitive position as Hong Kong's main airline hub [2][3]. Financial Performance - In the first half of 2025, Cathay Group reported revenues of HKD 54.3 billion, a 9.5% increase year-on-year, while net profit was HKD 3.7 billion, reflecting a 1.1% growth [3]. - The group's associated companies reduced their losses to HKD 181 million, down from HKD 342 million in the same period last year [3]. - Passenger volume for Cathay Pacific and HK Express increased by 27.8% and 33.5%, respectively, with available seat kilometers rising by 26.3% and 38.3% [3]. - However, there was a notable decline in yield, with seat kilometer revenue dropping by 9.9% for Cathay Pacific and 27.3% for HK Express [3]. Strategic Investments - Cathay Group announced a total investment exceeding HKD 100 billion for fleet upgrades, cabin products, lounges, and digital transformation [2]. - The group has placed an order for 14 Boeing 777-9 long-range wide-body aircraft, with a catalog price of USD 8.1 billion, increasing its total order for this model to 35 [6][8]. - The new aircraft are expected to be delivered starting in 2027, featuring upgraded first-class products [6]. Market Dynamics - Cathay's summer flight capacity to North America increased by 50%, although it faced challenges due to uncertainties affecting passenger numbers from mainland China [4]. - Despite overall growth, HK Express has not yet turned a profit, raising concerns within the industry [4][5]. - The group remains confident in its dual-brand strategy, particularly with the upcoming third runway at Hong Kong Airport expected to boost the low-cost market [5]. Operational Expansion - Cathay Group achieved its goal of opening 100 new destinations in the first half of the year, with over 300 round-trip flights to 23 mainland destinations and nearly 100 flights to Europe [7][8]. - The group plans to further enhance its network in mainland China, with additional routes and increased flight frequency [8].

Core Viewpoint - Cathay Pacific Group has demonstrated a resilient performance in the first half of 2025, achieving a revenue of HKD 54.309 billion, a year-on-year increase of 9.5%, and a net profit of HKD 3.7 billion, up 1.1%, amidst a challenging global aviation environment [1][9]. Financial Performance - The group reported a passenger revenue of HKD 37.212 billion, a 12.7% increase year-on-year, with a total passenger volume of 13.6 million, reflecting a 27.8% growth [8][10]. - Cargo revenue reached HKD 11.141 billion, up 2.2%, with overall cargo tonnage increasing by 11.4% [8][10]. - The overall revenue from other services and recoveries rose by 13.0% [10]. Strategic Initiatives - Cathay Pacific is expanding its route network strategically, focusing on three main areas: capturing regional economic vitality, leveraging opportunities from the Belt and Road Initiative, and enhancing intercontinental connectivity [3][4]. - The airline has added 19 new passenger destinations, bringing its total to over 100 global destinations, with a significant presence in mainland China [4][8]. Investment in Future Growth - The group announced the purchase of 14 additional Boeing 777-9 aircraft, increasing its total order to 35, which signals a strong commitment to future growth despite current losses in its subsidiary, Hong Kong Express [6][7]. - Total investments exceeding HKD 100 billion are aimed at enhancing customer experience and solidifying Hong Kong's position as an international aviation hub [7][12]. Talent Development - Cathay Pacific is focusing on talent acquisition, planning to recruit 1,000 new employees from mainland China, which will enhance its operational capabilities [11][12]. - The company has initiated a pilot training program for mainland candidates, successfully integrating new talent into its workforce [11]. Brand Recognition - The airline has received accolades, ranking among the top three in Skytrax's "World's Best Airlines" and winning awards for "Best Economy Class" and "Best In-Flight Entertainment" [13].

Group 1 - Cathay Group reported a solid financial performance in the first half of the year, with a profit of approximately HKD 3.65 billion, similar to the same period in 2024 [1] - Cathay Pacific's passenger revenue reached approximately HKD 34.2 billion, an increase of 14% compared to the same period in 2024 [1] - The number of passengers carried by Cathay Pacific was 13.6 million, averaging about 75,000 passengers per day, which is a 27.8% increase year-on-year, with a load factor of 84.8% [1] Group 2 - Cathay's cargo revenue was approximately HKD 11.14 billion, reflecting a year-on-year increase of 2.2%, with overall cargo tonnage increasing by 11.4% to 801,000 tons and a load factor of 58.6% [1] - Hong Kong Express, a wholly-owned low-cost airline of Cathay Group, reported passenger revenue of approximately HKD 3 billion, remaining stable compared to 2024 [1] - The number of passengers carried by Hong Kong Express was 3.8 million, averaging about 20,000 passengers per day [1] Group 3 - The Chairman of Cathay Group, Augustus Tang, attributed the strong financial performance to increased passenger volume, stable cargo performance, and declining fuel prices [1] - Cathay Pacific and Hong Kong Express have announced or launched 19 new routes since 2025, expanding their network to over 100 destinations globally [1] - The company has invested significantly in fleet expansion, cabin products, lounges, and digital upgrades, exceeding the previously announced investment of HKD 100 billion, aiming to strengthen Hong Kong's position as an international aviation hub and enhance passenger experience [2]

Core Insights - Cathay Pacific reported a net profit attributable to shareholders of HKD 3.651 billion for the first half of 2025, representing a year-on-year increase of 1.1% [1] Financial Performance - The increase in net profit was attributed to a rise in passenger volume compared to the same period in 2024, despite a decline in yield [1] - Cargo performance remained stable, and a decrease in fuel prices contributed positively to the group's performance during the first half of the year [1]

Core Points - As of August 5, 2025, Guotai Group (603977) closed at 12.92 CNY, down 0.69% with a turnover rate of 1.5% and a trading volume of 93,300 lots, amounting to 1.21 billion CNY in transaction value [1] - The latest financial report for Guotai Group shows total operating revenue of 483 million CNY for Q1 2025, a year-on-year decrease of 1.26%, and a net profit attributable to shareholders of 43.08 million CNY, down 8.23% year-on-year [1] - The company has a current ratio of 1.595, a quick ratio of 1.416, and a debt-to-asset ratio of 36.28% [1] Financial Performance - Total operating revenue for Q1 2025: 483 million CNY, down 1.26% year-on-year [1] - Net profit attributable to shareholders: 43.08 million CNY, down 8.23% year-on-year [1] - Non-recurring net profit: 39.66 million CNY, up 17.09% year-on-year [1] Market Activity - Main funds experienced a net outflow of 17.94 million CNY, accounting for 14.88% of the transaction value [1] - Large orders saw a net outflow of 12.36 million CNY, representing 10.25% of the transaction value [1] - Small orders had a net inflow of 13.02 million CNY, making up 10.79% of the transaction value [1] Company Overview - Guotai Group, established in 2006, is based in Nanchang and primarily engages in the manufacturing of chemical raw materials and products [2] - The company has invested in 17 enterprises and participated in 310 bidding projects [2] - It holds 5 trademark registrations and 66 patents, along with 30 administrative licenses [2]

江西国泰集团股份有限公司（以下简称"公司"）董事会于近日收到公司总工程师彭学华先生递交的书面 辞职报告。彭学华先生因达到法定退休年龄，申请辞去公司总工程师职务。彭学华先生在任职期间与公 司董事会和管理层无任何意见分歧。辞职后，彭学华先生不在公司担任其他任何职务，彭学华先生辞去 公司总工程师职务不会影响公司相关工作的正常开展。根据《公司法》等相关规定，彭学华先生的辞职 报告自送达公司董事会之日起生效。 彭学华先生在担任公司总工程师期间恪尽职守、勤勉尽责，充分发挥专业能力优势，为公司发展发挥了 积极作用。公司及公司董事会对彭学华先生在任职期间为公司所作出的贡献表示衷心感谢！ 特此公告。 江西国泰集团股份有限公司董事会 二〇二五年八月五日 证券代码：603977 证券简称：国泰集团 编号：2025临024号 江西国泰集团股份有限公司 关于总工程师辞职的公告 本公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或者重大遗漏，并对其内容的真 实、准确和完整承担个别及连带责任。 ...

彭学华先生在担任公司总工程师期间恪尽职守、勤勉尽责，充分发挥专业能 力优势，为公司发展发挥了积极作用。公司及公司董事会对彭学华先生在任职期 间为公司所作出的贡献表示衷心感谢！ 特此公告。 江西国泰集团股份有限公司董事会 证券代码：603977 证券简称：国泰集团 编号：2025 临 024 号 江西国泰集团股份有限公司 关于总工程师辞职的公告 本公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 江西国泰集团股份有限公司（以下简称"公司"）董事会于近日收到公司总 工程师彭学华先生递交的书面辞职报告。彭学华先生因达到法定退休年龄，申请 辞去公司总工程师职务。彭学华先生在任职期间与公司董事会和管理层无任何意 见分歧。辞职后，彭学华先生不在公司担任其他任何职务，彭学华先生辞去公司 总工程师职务不会影响公司相关工作的正常开展。根据《公司法》等相关规定， 彭学华先生的辞职报告自送达公司董事会之日起生效。 二〇二五年八月五日 ...

关于总工程师辞职的公告 本公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 江西国泰集团股份有限公司（以下简称"公司"）董事会于近日收到公司总 工程师彭学华先生递交的书面辞职报告。彭学华先生因达到法定退休年龄，申请 辞去公司总工程师职务。彭学华先生在任职期间与公司董事会和管理层无任何意 见分歧。辞职后，彭学华先生不在公司担任其他任何职务，彭学华先生辞去公司 总工程师职务不会影响公司相关工作的正常开展。根据《公司法》等相关规定， 彭学华先生的辞职报告自送达公司董事会之日起生效。 彭学华先生在担任公司总工程师期间恪尽职守、勤勉尽责，充分发挥专业能 力优势，为公司发展发挥了积极作用。公司及公司董事会对彭学华先生在任职期 间为公司所作出的贡献表示衷心感谢！ 证券代码：603977 证券简称：国泰集团 编号：2025 临 024 号 江西国泰集团股份有限公司 特此公告。 江西国泰集团股份有限公司董事会 二〇二五年八月五日 1 ...

（文章来源：每日经济新闻） 国泰集团（SH 603977，收盘价：13.01元）8月4日晚间发布公告称，彭学华先生因达到法定退休年龄， 申请辞去公司总工程师职务。辞职后，彭学华先生不在公司担任其他任何职务。 ...