9月9日，国货航跌0.44%，成交额1.27亿元。两融数据显示，当日国货航获融资买入额2039.62万元，融 资偿还1221.39万元，融资净买入818.22万元。截至9月9日，国货航融资融券余额合计2.63亿元。 融资方面，国货航当日融资买入2039.62万元。当前融资余额2.62亿元，占流通市值的4.53%。 机构持仓方面，截止2025年6月30日，国货航十大流通股东中，华泰柏瑞沪深300ETF（510300）位居第 一大流通股东，持股1431.59万股，为新进股东。易方达沪深300ETF（510310）位居第二大流通股东， 持股1087.84万股，为新进股东。香港中央结算有限公司位居第三大流通股东，持股946.28万股，相比上 期增加201.91万股。华夏沪深300ETF（510330）位居第四大流通股东，持股795.11万股，为新进股东。 嘉实沪深300ETF（159919）位居第五大流通股东，持股685.13万股，为新进股东。 融券方面，国货航9月9日融券偿还800.00股，融券卖出700.00股，按当日收盘价计算，卖出金额4725.00 元；融券余量10.67万股，融券余额72.02万元。 责任编 ...

证券日报网讯国货航9月9日在互动平台回答投资者提问时表示，公司高度重视与各类投资者的沟通交 流。根据《深圳证券交易所创业板上市公司自律监管指南第1号——业务办理》的规定，上市公司应当 尽量避免在年度报告、半年度报告披露前三十日内接受投资者现场调研、媒体采访等。后续公司如有相 关调研活动将履行相应的信息披露义务。 （文章来源：证券日报） ...

证券日报网讯 国货航（001391）9月4日在互动平台回答投资者提问时表示，公司建立了包括应收账款 管理在内的健全的内部控制体系，体系运行良好，目前公司在应收账款方面的风险可控。就关联交易而 言，公司建立了严格的关联交易管理制度，并已严格按照监管要求进行信息披露，相关内容请详见 《2025年度日常关联交易预计公告》。 ...

Core Viewpoint - China International Cargo Airlines Co., Ltd. has shown significant growth in revenue and net profit, indicating a strong position in the domestic air logistics market [2][3]. Financial Performance - For the period from January to June 2025, the company achieved operating revenue of 10.935 billion yuan, representing a year-on-year increase of 21.92% [2]. - The net profit attributable to shareholders reached 1.240 billion yuan, marking an impressive year-on-year growth of 86.15% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 19.93% to 164,100, while the average circulating shares per person increased by 27.85% to 5,232 shares [2]. - The company has distributed a total of 794 million yuan in dividends since its A-share listing [3]. Stock Market Activity - On August 29, the stock price of China International Cargo Airlines fell by 1.01%, with a trading volume of 251 million yuan [1]. - The financing buy-in amount for the same day was 24.5458 million yuan, while the financing repayment was 21.7952 million yuan, resulting in a net financing buy of 2.7507 million yuan [1]. - The total financing and securities lending balance reached 254 million yuan, with the financing balance accounting for 4.31% of the circulating market value [1].

Group 1 - The company held its second board meeting on August 14, 2025, where the election of the chairman was approved [1] - The company has completed the registration change for its legal representative and obtained a new business license from the Beijing Market Supervision Administration [1] - The registered capital of the company is 1,220,888.1225 million yuan, and it was established on November 14, 2003 [1] Group 2 - The company's business scope includes international and domestic air cargo, mail transportation, and related ground services [1] - The legal representative of the company is Chen Song [1] - The company operates in mainland China, Hong Kong, and Macau [1]

证券代码：001391 证券简称：国货航 公告编号：2025-055 中国国际货运航空股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 一、基本情况 中国国际货运航空股份有限公司（以下简称"公司"、"国 货航"）于 2025 年 8 月 14 日召开了第二届董事会第四次会 议，审议通过了《关于选举第二届董事会董事长的议案》。 具体情况详见公司于 2025 年 8 月 15 日深圳证券交易所网站 （www.szse.cn）及指定媒体披露的相关公告。 二、工商变更登记情况 根据《中国国际货运航空股份有限公司章程》规定，董 事长为公司的法定代表人。近日，公司完成了法定代表人的 工商变更登记，并取得了北京市市场监督管理局换发的《营 业执照》，具体登记信息如下： 名称：中国国际货运航空股份有限公司 统一社会信用代码：91110000710932056L 类型：股份有限公司（港澳台投资、上市） 1 成立日期：2003 年 11 月 14 日 住所：北京市顺义区天柱路 29 号院 1 幢 1 至 9 层 经营范围：内地、 ...

Core Insights - The company reported a total operating revenue of 10.935 billion yuan for the first half of 2025, representing a year-on-year increase of 21.92% [1] - The net profit for the same period reached 1.24 billion yuan, showing a significant year-on-year growth of 86.22% [1] Revenue Breakdown - The main business revenue amounted to 10.893 billion yuan, with a year-on-year growth of 22.22% [1] - The revenue from the air cargo segment increased by 16.51%, while costs rose by 11.25%, leading to a gross margin increase of 3.91 percentage points [1] - The air cargo station segment saw a revenue increase of 2.15%, with costs decreasing by 0.05%, resulting in a gross margin increase of 2.10 percentage points [1] Operational Factors - The growth in profitability is attributed to the expansion and optimization of the fleet size and route structure, along with effective capacity input and a decrease in aviation fuel prices [1] - The transformation towards a platform-based operational model for cargo stations has enhanced quality and efficiency, with a continuous increase in cargo station throughput driving improved performance [1]

Core Viewpoint - The recent financial report of Guohang Airlines (001391) shows significant growth in revenue and net profit for the first half of 2025, indicating improved profitability and operational efficiency [1]. Financial Performance - Total revenue for the first half of 2025 reached 10.935 billion yuan, a year-on-year increase of 21.92% [1]. - Net profit attributable to shareholders was 1.24 billion yuan, up 86.15% year-on-year [1]. - In Q2 2025, total revenue was 5.753 billion yuan, reflecting a 16.09% increase compared to the same quarter last year [1]. - Q2 net profit attributable to shareholders was 661 million yuan, marking a 62.04% year-on-year growth [1]. - Gross margin improved to 16.46%, a 30.92% increase year-on-year, while net margin rose to 11.34%, up 52.74% [1]. Cost Management - Total selling, administrative, and financial expenses amounted to 363 million yuan, accounting for 3.32% of revenue, a decrease of 8.89% year-on-year [1]. - The company reported a significant increase in operating cash flow per share to 0.14 yuan, up 63.84% year-on-year [1]. Asset and Liability Management - Cash and cash equivalents increased to 5.475 billion yuan, a rise of 34.48% year-on-year [1]. - Interest-bearing debt decreased to 112 million yuan, down 40.75% from the previous year [1]. - Accounts receivable rose to 3.106 billion yuan, a 6.31% increase year-on-year [1]. Business Model and Strategy - The company relies heavily on capital expenditures for growth, necessitating careful evaluation of capital projects [3]. - The company aims to enhance its operational management and risk resilience while expanding its route network and collaborating with partners to support China's logistics and export growth [4]. Market Position - The largest fund holding Guohang Airlines is the Southern CSI A100 ETF, with a current scale of 161 million yuan and a recent net value decline of 1.33% [4]. - The fund has seen a 34.09% increase over the past year, indicating positive market sentiment towards the company [4].

Core Viewpoint - In the first half of 2025, Guohang achieved significant growth in revenue and profit, driven by expansion in its air cargo and logistics operations, alongside improvements in operational efficiency and cost management [1][2]. Financial Performance - Total revenue reached 10.935 billion yuan, a year-on-year increase of 21.92% - Main business revenue was 10.893 billion yuan, growing by 22.22% - Net profit stood at 1.240 billion yuan, reflecting an impressive year-on-year growth of 86.22% [1]. Air Cargo Segment - The air cargo segment saw a revenue increase of 16.51%, with costs rising by 11.25% - Gross margin improved by 3.91 percentage points, attributed to fleet expansion, optimized route structure, and a decrease in aviation fuel prices [1]. Air Cargo Station Segment - Revenue from the air cargo station segment grew by 2.15%, while costs decreased by 0.05% - Gross margin increased by 2.10 percentage points, driven by the transition to a platform-based operational model and alignment of station layout with route networks [1]. Comprehensive Logistics Segment - The comprehensive logistics segment experienced a revenue surge of 53.78%, with costs increasing by 45.07% - Gross margin rose by 5.02 percentage points, due to the company's focus on innovation and expansion of cross-border e-commerce partnerships [1]. Operational Efficiency - Guohang's long-distance cargo aircraft achieved 45,600 flight hours, a year-on-year increase of 61.62% - The on-time performance rate was maintained at 89.00%, with cargo and mail transport volume reaching 902,100 tons, up by 24.79% year-on-year [2].

Core Insights - The company reported a total revenue of 10.935 billion yuan for the first half of the year, representing a year-on-year growth of 21.92% and a net profit of 1.24 billion yuan, with a significant increase of 86.15% [2] - The company operates as a comprehensive aviation logistics service provider, with its main business segments including air freight services, air cargo station services, and integrated logistics solutions [3] Financial Performance - For the first half of 2025, the company achieved a main business revenue of 10.893 billion yuan, up 22.22% year-on-year, and a gross profit of 1.765 billion yuan, which is an increase of 63.63% [3] - The overall gross margin improved to 16.20%, reflecting an increase of 4.10 percentage points compared to the previous year [3] Segment Analysis - The air freight segment saw a revenue increase of 16.51%, with costs rising by 11.25%, leading to a gross margin increase of 3.91 percentage points, attributed to fleet expansion and optimization of route structures, along with a decrease in aviation fuel prices [3] - The air cargo station segment experienced a revenue growth of 2.15% and a slight cost reduction of 0.05%, resulting in a gross margin increase of 2.10 percentage points, driven by the transformation towards a platform-based operational model [3] - The integrated logistics segment reported a revenue increase of 53.78% and a cost increase of 45.07%, with a gross margin improvement of 5.02 percentage points, due to the company's efforts in expanding its cross-border e-commerce client base [3]