北京市海问律师事务所 关于中国国际货运航空股份有限公司 二〇二四年度股东会的法律意见书 致：中国国际货运航空股份有限公司 三、本次会议的表决程序与表决结果 北京市海问律师事务所（以下简称"本所"）作为中国国际货运航空股份有限 公司（以下简称"国货航"或"公司"）的常年法律顾问，应国货航要求，根据《中 华人民共和国公司法》《中华人民共和国证券法》（以下统称"有关法律"）及《中 国国际货运航空股份有限公司章程》（以下简称"公司章程"）的规定，就国货航 于 2025 年 5 月 23 日召开的二〇二四年度股东会（以下简称"本次会议"）出具本 法律意见书。 一、本次会议的召集和召开程序 经核查《中国国际货运航空股份有限公司第一届董事会第四十五次会议决议公 告》及《中国国际货运航空股份有限公司关于召开二〇二四年度股东会的通知》并 经见证本次会议，本次会议由公司董事会召集，会议召开的时间、地点、方式与会 议通知中所告知的时间、地点、方式一致，本次会议由公司董事长阎非先生主持。 本所律师认为，本次会议的召集和召开程序、召集人的资格符合有关法律和公 司章程的有关规定。 二、出席本次会议现场会议人员资格 海问律师事务所 HAI ...

证券代码：001391 证券简称：国货航 公告编号：2025-033 中国国际货运航空股份有限公司 二〇二四年度股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东会未出现否决提案的情形； 2.本次股东会未涉及变更以往股东会已通过决议的情 形。 一、会议召开和出席情况 （一）会议召开情况 1.召开时间： (1)现场会议召开时间：2025年5月23日（星期五）9:30 (2)网络投票时间： 通过深圳证券交易所交易系统投票的时间为2025年5月 23日上午9:15—9:25，9:30—11:30和下午13:00—15:00； 通过深圳证券交易所互联网投票系统 （http://wltp.cninfo.com.cn）投票的时间为2025年5月23 日9:15－15:00期间的任意时间。 2.现场会议召开地点：中国北京市顺义区空港工业区天 柱路29号国货航总部综合楼三楼会议室 1 3.召开方式：采取现场表决与网络投票相结合的方式 4.召集人：本公司董事会 5.主持人：本公司董事长阎非先生 6.本次会议的召开符合《中华人民共和国公司法》 ...

交通运输行业资金流出榜 沪指5月14日上涨0.86%，申万所属行业中，今日上涨的有24个，涨幅居前的行业为非银金融、交通运 输，涨幅分别为3.99%、1.79%。交通运输行业位居今日涨幅榜第二。跌幅居前的行业为国防军工、美 容护理，跌幅分别为0.74%、0.39%。 资金面上看，两市主力资金全天净流入45.92亿元，今日有13个行业主力资金净流入，非银金融行业主 力资金净流入规模居首，该行业今日上涨3.99%，全天净流入资金87.55亿元，其次是交通运输行业，日 涨幅为1.79%，净流入资金为25.32亿元。 主力资金净流出的行业有18个，电力设备行业主力资金净流出规模居首，全天净流出资金28.94亿元， 其次是电子行业，净流出资金为20.89亿元，净流出资金较多的还有国防军工、机械设备、汽车等行 业。 交通运输行业今日上涨1.79%，全天主力资金净流入25.32亿元，该行业所属的个股共125只，今日上涨 的有97只，涨停的有15只；下跌的有21只，跌停的有1只。以资金流向数据进行统计，该行业资金净流 入的个股有78只，其中，净流入资金超亿元的有9只，净流入资金居首的是中远海控，今日净流入资金 4.73亿元， ...

Quantitative Models and Construction Methods 1. Model Name: Index Adjustment Prediction Model - **Model Construction Idea**: The model predicts the adjustment of constituent stocks in major indices (CSI 300 and CSI 500) based on the index compilation rules published by the China Securities Index Company[12][13][15] - **Model Construction Process**: - **Data Reference**: The model uses trading and financial data from May 1 of the previous year to April 30 of the current year for mid-year reviews, and from November 1 of the previous year to October 31 of the current year for year-end reviews[12] - **Adjustment Date**: Adjustments occur on the trading day following the second Friday of June and December each year[12] - **Sample Space**: - Excludes ST, *ST stocks, and delisted securities - Includes STAR Market and ChiNext stocks listed for over a year, or those with daily average market capitalization ranking in the top 30 since listing[12] - **Selection Method**: - For CSI 300: Securities are ranked by daily average trading volume, with the bottom 50% excluded, and then ranked by daily average market capitalization, selecting the top 300[12] - For CSI 500: Excludes CSI 300 constituents and the top 300 by market capitalization, then ranks by trading volume and market capitalization, selecting the top 500[12] - **Buffer Zone Rules**: - CSI 300: New samples ranked in the top 240 are prioritized for inclusion, while existing samples ranked in the top 360 are prioritized for retention[12] - CSI 500: New samples ranked in the top 400 are prioritized for inclusion, while existing samples ranked in the top 600 are prioritized for retention[12] 2. Model Name: Event Return Analysis Model - **Model Construction Idea**: This model analyzes the relationship between index sample adjustments and the cumulative excess returns of the adjusted stocks before and after the adjustment date[24] - **Model Construction Process**: - Collects data on all adjustment cycles since 2010 for CSI 300 and CSI 500 indices[24] - Calculates the cumulative excess returns of adjusted stocks relative to the index over a 60-day window before and after the adjustment date[24] - **Model Evaluation**: The model highlights that pre-adjustment event returns are more significant for investment strategies, as investors can trade in advance based on predictions or announcements[24] --- Model Backtesting Results 1. Index Adjustment Prediction Model - CSI 300 Index: Predicted 7 constituent stock adjustments, with additions primarily in the transportation and defense industries, and removals concentrated in the electrical equipment industry[13][14] - CSI 500 Index: Predicted 49 constituent stock adjustments, with additions mainly in the electronics, electrical equipment, and computer industries, and removals concentrated in the electrical equipment and pharmaceutical industries[15][16][23] 2. Event Return Analysis Model - **CSI 300 Index**: Stocks removed from the index showed negative excess returns before the adjustment date, while no significant conclusions were drawn for added stocks[5][24] - **CSI 500 Index**: Stocks added to the index exhibited positive excess returns before the adjustment date, while removed stocks showed negative excess returns[5][24]

- The report predicts adjustments to the sample stocks of seven major broad-based indices in the Chinese market, including CSI 300, CSI 500, SSE 50, STAR 50, STAR 100, ChiNext Index, and ChiNext 50, based on the index compilation rules and data as of April 30, 2025 [1][7] - The CSI 300 Index selects stocks from the Shanghai and Shenzhen markets that meet criteria such as good operational status, no significant financial issues, and no abnormal price fluctuations. The selection process involves ranking stocks by daily average trading volume and market capitalization over the past year, applying buffer rules, and excluding stocks with significant losses or long-term suspensions. Adjustments are limited to 10% of the constituent stocks per review [8] - The CSI 500 Index excludes CSI 300 constituents and follows a similar methodology, focusing on stocks with good operational status, no financial irregularities, and stable price movements. Stocks are ranked by daily average trading volume and market capitalization, with buffer rules applied, and adjustments are capped at 10% of the constituent stocks [10] - The SSE 50 Index is derived from the SSE 180 Index, selecting stocks based on daily average market capitalization and trading volume over the past year. The accuracy of SSE 50 predictions depends on the SSE 180 Index's accuracy. Adjustments are limited to 10% of the constituent stocks [13] - The STAR 50 Index represents the top 50 securities on the STAR Market by market capitalization and liquidity. Stocks are ranked by daily average market capitalization, with buffer rules applied, and adjustments are capped at 10% of the constituent stocks [15] - The STAR 100 Index includes 100 mid-sized securities from the STAR Market, reflecting the performance of mid-cap companies. The selection process is similar to STAR 50, with adjustments limited to 10% of the constituent stocks [17] - The ChiNext Index selects stocks from the ChiNext Board based on the top-ranked daily average market capitalization over the past six months. Buffer rules are applied, and stocks with significant losses or long-term suspensions are excluded. Adjustments are capped at 10% of the constituent stocks [20] - The ChiNext 50 Index selects the most liquid stocks from the ChiNext Index's 100 constituents, considering industry coverage and applying buffer rules. Adjustments are limited to 10% of the constituent stocks [24]

Group 1 - The core viewpoint is that while cargo logistics airlines are performing better than passenger airlines, they are beginning to face challenges from uncertainties in international trade [1][5] - All listed airlines in A-shares have disclosed their 2024 financial reports and Q1 2025 reports, with private airlines achieving profitability while state-owned airlines continue to incur losses [1][2] - Spring Airlines reported the highest net profit of 677 million yuan in Q1, marking it as the most profitable listed airline in mainland China for the quarter [2][3] Group 2 - The performance disparity among airlines is primarily related to the recovery pace of international routes, with international flights still not fully recovering to pre-pandemic levels [2][3] - The three major state-owned airlines have the highest proportion of international routes and wide-body aircraft, making them more susceptible to the slow recovery of international markets [3] - In Q1, average ticket prices declined significantly due to increased competition and the impact of high-speed rail, leading to a downward trend in net profits for most listed airlines [3][4] Group 3 - Cargo logistics airlines, such as China National Aviation and Eastern Air Logistics, reported strong profits in Q1, with net profits of 579 million yuan and 545 million yuan respectively [4] - The strong performance of cargo logistics airlines is attributed to the booming demand for international air freight driven by cross-border e-commerce [4] - Despite the positive performance, the cargo air freight market is expected to face challenges in Q2 due to geopolitical factors and changes in customs policies [5]

登录新浪财经APP 搜索【信披】查看更多考评等级 (3)异地股东可以通过信函或电子邮件的方式于上述时间登记，信函以抵达本公司的时间为准，信函上 请注明"股东会"字样，不接受电话登记。 4.会务联系方式： 联系人：傅小宇、陈正 联系电话：010- 61465083，010-61465094 电子邮箱：accdongmi@airchinacargo.com 邮寄地址：中国北京市顺义区空港工业区天柱路29号国货航总部综合楼董事会办公室 5.本次股东会的会期不超过一个工作日，公司股东参加会议的食宿及交通费用自理。 四、参加网络投票的具体操作流程 本次股东会，公司将向股东提供网络投票平台，股东可以通过深圳证券交易所交易系统或互联网投票系 统（http://wltp.cninfo.com.cn）参加网络投票，参加网络投票时涉及具体操作需要说明的内容和格式详 见附件一。 五、备查文件 1．第一届董事会第四十四次会议决议； 2．第一届监事会第十五次会议决议； 3．第一届董事会第四十五次会议决议； 4．第一届监事会第十六次会议决议。 2025年4月29日 附件一： 参加网络投票的具体操作流程 一、网络投票的程序 1.普通股的投 ...

一、主要会计数据和财务指标 | 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 段焰伟 | 917.56 | 1.09 | 新进 | | 香港中央结算有限公司 | 744.36 | 0.89 | 新进 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 216.47 | 0.26 | -297.64 | | 王健 | 206.01 | 0.25 | 新进 | | 殷洪光 | 188.00 | 0.22 | 新进 | | 张寿贤 | 186.76 | 0.22 | 新进 | | 杜小敏 | 180.30 | 0.21 | 新进 | | 何永权 | 139.33 | 0.17 | 新进 | | 陈扬 | 125.01 | 0.15 | 新进 | | 胡小斌 | 122.17 | 0.15 | 新进 | | 较上个报告期退出前十大股东有 | | | | | BARCLAYS BANK PLC | 259.59 | 0.31 | 退出 | | 中信证券股份有限公司 | ...

中国国际货运航空股份有限公司 股东会议事规则 第一章 总 则 第一条 为维护中国国际货运航空股份有限公司（以下 简称"公司"）和股东的合法权益，明确股东会的职责和权 限，保证公司股东会规范、高效、平稳运作及依法行使职权， 根据《中华人民共和国公司法（2023 修订）》（以下简称"《公 司法》"）、《上市公司章程指引》、《上市公司治理准则》、《上 市公司股东会规则》等法律法规以及《中国国际货运航空股 份有限公司章程》（以下简称"公司章程"）的有关规定，特 制定本规则。 第二条 本规则适用于公司股东会，对公司、股东、出 席股东会的股东代理人、公司董事以及列席股东会会议的其 他有关人员均具有约束力。 临时股东会不定期召开，有下列情形之一的，公司应当 在事实发生之日起两（2）个月内召开临时股东会： （一）董事人数不足《公司法》规定的最低人数，或者 少于公司章程规定人数的三分之二时； （二）公司未弥补亏损达股本总额的三分之一时； （三）单独或合计持有公司 10%以上股份的股东请求时； 第三条 公司董事会应严格遵循有关法律、法规及公司 章程关于召开股东会的各项规定组织股东会。公司董事不得 阻碍股东会依法行使职权。 1 第 ...