春运旺季向好持续看好航空，油运上行可期提示投资机会 交通运输 证券研究报告/行业定期报告 2026 年 02 月 07 日 | 评级： 增持（维持） | | | 重点公司基本状况 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 简称 | 股价 | | | EPS | | | | | PE | | | 评级 | | 分析师：杜冲 | | | （元） | 2023A | 2024A | 2025E | 2026E | 2027E | 2023A | 2024A | 2025E | 2026E | 2027E | | | 执业证书编号：S0740522040001 | | 南方航空 | 8.22 | -0.23 | -0.09 | 0.30 | 0.44 | 0.54 | -35.74 | -91.33 | 27.22 | 18.87 | 15.09 | 买入 | | | | 中国东航 | 6.30 | -0.37 | - ...

（文章来源：证券日报） 证券日报网讯 2月3日，东莞控股在互动平台回答投资者提问时表示，截至1月30日，公司股东人数为 26965户。 ...

【环球网消费综合报道】2026年2月2日，A股市场白酒板块表现强劲，个股呈现普涨格局。截至收盘，金徽酒、皇台酒业涨停，中信尼雅、水 井坊、金种子酒等白酒股亦有不俗表现，五粮液、贵州茅台、山西汾酒、古井贡酒也均上涨，板块整体情绪显著回暖。 | 代码 | 名标 | | *● | 最新 | 涨幅%↓ | 张跌 | 员量 | 现量 | 买入价 | 卖出价 | 张速% | 换手% | 金额 | 市盈率 | 所属行业 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | BK0477 酿酒行业 | | | | 48951.83 | 1.23 | 596.51 | 907万 | 155a | - | - | -0.06 | 2.96 | 406.31 亿 | 18.93 | - | | 603919 | 金徽酒 | B | 1 | 23.98 | 10.00 | 2.18 | 39.5万 | 821 | 23.98 | - | 0.00 | 7.78 | 9.15 亿 | 2 ...

消息面上，随着春节假期的日益临近，白酒行业迎来了传统的销售旺季。近期，茅台酒批价震荡回升，这一信号对白酒股形成了有力的价格支 撑。中信证券发布的研报指出，白酒行业即将开启春节旺季营销活动，行业有望在新改革和新方向下重新聚焦市场培育和消费者教育，促进开 瓶动销并为经销商减负。综合考虑到动销已逐步平稳、2026年春节假期较往年多一天以及春节消费场景丰富等因素，中信证券判断2026年春节 白酒实际动销有望维持平稳，市场预期正在逐步修复。 【环球网消费综合报道】2026年2月2日，A股市场白酒板块表现强劲，个股呈现普涨格局。截至收盘，金徽酒、皇台酒业涨停，中信尼雅、水 井坊、金种子酒等白酒股亦有不俗表现，五粮液、贵州茅台、山西汾酒、古井贡酒也均上涨，板块整体情绪显著回暖。 除了春节旺季的短期催化外，宏观政策环境的改善也为白酒板块注入了强心剂。国投证券分析认为，白酒是典型的顺周期行业，其市场定价离 不开内需和地产运行情况这两个重要外部因素。近期高层明确将提振内需置于重要规划的首位，1月20日高层表示2026年将研究制定出台2026— 2030年扩大内需战略实施方案，给政策提供了明确的时间节点。 | 代码 | 名标 | ...

1月29日，A股白酒板块迎来罕见大涨。截至当日收盘，酒ETF上涨10.08%，中证白酒指数上涨9.79%。 白酒行业专家、武汉京魁科技有限公司董事长肖竹青对《证券日报》记者表示，本轮上涨是茅台"主动控量稳价"与季节性需求叠加共同作用的结果。 "白酒作为强周期、高社交属性的品类，自然成为资金提前布局的标的。"蔡学飞表示，"此轮上涨更多是资本市场对行业'拐点'的博弈，终端消费能否真 正回暖，仍需观察春节传统旺季的实际表现。" 然而，与二级市场的火热行情形成对比的是，部分白酒企业近期披露的业绩预告仍显压力。截至1月29日，已有5家白酒上市公司发布2025年度业绩预 告，行业整体承压态势明显。其中，洋河股份、口子窖、水井坊的预计归母净利润同比最大降幅均超过60%；金种子酒、*ST岩石则预计继续亏损。 多家酒企在业绩预告中提及，报告期内，白酒行业处于深度调整期，行业竞争格局深刻变革，存量竞争加剧。在此背景下，公司受到市场需求减少、品 牌势能减弱、渠道库存加大、渠道利润下降等挑战。 西南证券分析师也认为，白酒厂家主动调整库存，渠道逐步向健康发展，高端酒亦尊重市场规模，不再强制要求做增量，高端酒批价有望企稳；从中长 期看配 ...

证券日报网讯1月27日，东莞控股（000828）在互动平台回答投资者提问时表示，莞深高速主线目前采 用双向六车道通行标准，其改扩建工程按双向十车道(局部路段采用双向十二车道)标准推进建设。该工 程自2022年启动施工以来，始终以最大限度降低对车流的干扰为核心原则，施工重点聚焦外围路段开 展。期间仅临时封闭东莞站、管理中心站等个别站点，未实施主线单侧封闭的管制措施，保障了主线通 行秩序的稳定。改扩建工程预计2028年底完工。 ...

Investment Rating - The report maintains a "Buy" rating for major airlines including China Southern Airlines, China Eastern Airlines, Spring Airlines, and others, while recommending "Hold" for YTO Express and Shentong Express [2]. Core Insights - The report highlights a positive outlook for the aviation sector driven by multiple factors, including the upcoming Spring Festival travel peak, the appreciation of the RMB easing cost pressures, and the increase in visa-free countries for Chinese citizens, which is expected to boost international travel demand [4][7]. - The anticipated passenger transport volume during the 2026 Spring Festival is projected to reach a historical high of 95 million, with a daily average of 2.38 million passengers, reflecting a year-on-year growth of approximately 5.3% [4]. - The report emphasizes the cyclical recovery of the civil aviation market, with expectations of rising passenger load factors and ticket prices, driven by a gradual recovery in demand and limited capacity growth [4][7]. Summary by Sections Aviation and Airports - Daily flight operations from January 19 to January 23 showed slight fluctuations, with Eastern Airlines and Southern Airlines operating 2,245.80 and 2,221.80 flights respectively, while year-on-year comparisons indicate a decrease in operations [4]. - The average aircraft utilization rates during the same period were reported, with Spring Airlines achieving the highest at 9.20 hours per day, although all airlines showed a decline compared to the previous year [4]. - The report suggests that the upcoming Spring Festival will significantly enhance market demand, particularly from student travelers, as the holiday season approaches [4][7]. Logistics and Express Delivery - The report notes a divergence in the growth rates of express delivery companies, with a total of approximately 4.073 billion packages collected from January 12 to January 18, reflecting a year-on-year decline of 11.82% [7]. - It highlights the ongoing high-quality development of the express delivery industry, with policies aimed at reducing competition ("anti-involution") expected to improve profitability [7]. - The report recommends focusing on express companies with significant profit elasticity, such as Shentong Express and YTO Express, as well as those with strong growth potential in overseas markets like Jitu Express [7]. Infrastructure - The report tracks various transportation metrics, including highway and railway freight volumes, indicating a mixed performance across sectors [7]. - It suggests that the low-interest-rate environment will continue to support investment in infrastructure, with a focus on high-quality assets [7]. - Specific recommendations include investing in highway companies like Shandong Highway and Anhui Expressway, as well as railway companies like Daqin Railway and Beijing-Shanghai High-Speed Railway [7]. Shipping and Trade - The report indicates a mixed performance in shipping rates, with the SCFI index showing a decline of 7.39% week-on-week and a year-on-year drop of 28.73% [7]. - It emphasizes the potential for investment opportunities in oil and bulk shipping due to geopolitical factors and structural demand growth [7]. - Recommendations include focusing on companies like COSCO Shipping Energy and COSCO Shipping Holdings for oil shipping investments, as well as Hai Tong Development for bulk shipping [7].

Group 1 - The company Dongguan Holdings (000828) reported that as of January 20, 2026, the number of shareholders is 26,271 [1]

证券日报网讯 1月16日，东莞控股在互动平台回答投资者提问时表示，截至2026年1月9日，公司股东人 数为26025户。 （文章来源：证券日报） ...

证券日报网讯1月16日，东莞控股（000828）在互动平台回答投资者提问时表示，公司将按照《深圳证 券交易所股票上市规则》等相关规定及实际情况履行信息披露义务。 ...