Major Events - SMIC is planning to issue A-shares to acquire minority stakes in its subsidiary, with stock suspension starting from September 1, 2025, for up to 10 trading days. The transaction is not expected to constitute a major asset restructuring but is classified as a related party transaction [4] - China Shipbuilding Industry Corporation's A-shares will be delisted on September 5, 2025, with a conversion ratio of 1:0.1339 to China Shipbuilding's A-shares [5] - Kweichow Moutai has completed a share buyback of 3.9276 million shares, totaling 6 billion yuan, which will be used for capital reduction [6][7] Performance Overview - BYD reported a net profit of 15.511 billion yuan for the first half of 2025, a year-on-year increase of 13.79%, with revenue of 371.281 billion yuan, up 23.30% [8] - Wingtech Technology's net profit for the first half of 2025 was 474 million yuan, a significant increase of 237.36%, despite a revenue decline of 24.56% [9] - Pianzaihuang's net profit decreased by 16.22% to 1.442 billion yuan, with revenue down 4.81% [10] - Shanshan reported a net profit of 207 million yuan, up 1079.59%, with revenue growth of 11.78% [11] - China Rare Earth achieved a net profit of 162 million yuan, reversing a loss from the previous year, with revenue growth of 62.38% [12] - China Shipbuilding reported a net profit of 2.946 billion yuan, up 108.59%, with revenue growth of 11.96% [13] - Guotai Junan's net profit surged by 213.74% to 15.737 billion yuan, with revenue growth of 77.71% [15] - China Shenhua's net profit decreased by 12% to 24.641 billion yuan, with revenue down 18.3% [16] - Lattice Semiconductor's net profit increased by 95.41% to 1.159 billion yuan, with revenue growth of 58.17% [17] - Guotou Zhonglu reported a net profit of 25.08 million yuan, up 2149.03%, with revenue growth of 39.68% [18] - Jianfeng Group's net profit increased by 1196.93% to 618 million yuan, despite a revenue decline of 4.42% [19] - OmniVision's net profit for the first half of 2025 was 2.028 billion yuan, up 48.34%, with revenue growth of 15.42% [20] - Haili's net profit increased by 694% to 33.3546 million yuan, with revenue growth of 13.16% [21] - Huaxia Airlines reported a net profit of 251 million yuan, up 859%, with revenue growth of 12.41% [22] - BeiGene turned a profit with a net profit of 450 million yuan, compared to a loss of 287.7 million yuan in the previous year, with revenue growth of 46.03% [24] - China Merchants Bank's net profit was 74.93 billion yuan, a slight increase of 0.25%, with a revenue decline of 1.73% [25] - Agricultural Bank of China reported a net profit of 139.51 billion yuan, up 2.7%, with revenue growth of 0.7% [26] - Bank of China reported a net profit of 117.591 billion yuan, with revenue growth compared to the previous year [27] - Industrial and Commercial Bank of China reported a net profit of 168.103 billion yuan, with slight revenue growth [28] - Bank of Communications reported a net profit of 46.016 billion yuan, up 1.61%, with revenue growth of 0.72% [29] - China Construction Bank's net profit was 162.076 billion yuan, a decrease of 1.37%, with revenue growth of 2.95% [30]

Growth - Huayin Power reported a net profit of 207 million yuan for the first half of the year, a year-on-year increase of 4146.80% [1] - Guotou Zhonglu achieved a net profit of 25.08 million yuan, up 2149.03% year-on-year [1] - Jianfeng Group's net profit reached 618 million yuan, reflecting a year-on-year growth of 1196.93% [1] - Haixiang New Materials reported a net profit of 64.95 million yuan, with a year-on-year increase of 1099.05% [1] - Shanshan Co. posted a net profit of 207 million yuan, up 1079.59% year-on-year [1] - Huaxia Airlines achieved a net profit of 251 million yuan, a year-on-year increase of 858.95% [1] - Haitan Ruisheng reported a net profit of 3.80 million yuan, reflecting a year-on-year growth of 813.65% [1] - Wentai Technology's net profit was 474 million yuan, up 237.36% year-on-year [1] - ST Yigou reported a net profit of 48.69 million yuan, a year-on-year increase of 230.03% [1] - Youyan New Materials achieved a net profit of 130 million yuan, reflecting a year-on-year growth of 218.47% [1] - Guotai Haitong reported a net profit of 15.737 billion yuan, up 213.74% year-on-year [1] - Batian Co. posted a net profit of 456 million yuan, reflecting a year-on-year increase of 203.71% [1] - Changjiang Securities achieved a net profit of 1.737 billion yuan, up 120.76% year-on-year [1] - China Shipbuilding reported a net profit of 2.946 billion yuan, reflecting a year-on-year growth of 108.59% [1] - Shenwan Hongyuan posted a net profit of 4.284 billion yuan, up 101.32% year-on-year [1] - Zhongwei Semiconductor reported a net profit of 86.47 million yuan, reflecting a year-on-year increase of 100.99% [1] - Lankai Technology achieved a net profit of 1.159 billion yuan, up 95.41% year-on-year [1] - CICC reported a net profit of 4.33 billion yuan, reflecting a year-on-year growth of 94.35% [1] - TCL Technology posted a net profit of 1.883 billion yuan, up 89.26% year-on-year [1] - Guoxin Securities achieved a net profit of 5.367 billion yuan, reflecting a year-on-year increase of 71% [1] - Haowei Group reported a net profit of 2.028 billion yuan, up 48.34% year-on-year [1] - GF Securities posted a net profit of 6.47 billion yuan, reflecting a year-on-year growth of 48.31% [1] - Huatai Securities achieved a net profit of 7.549 billion yuan, up 42.16% year-on-year [1] - Lingyi Manufacturing reported a net profit of 930 million yuan, reflecting a year-on-year increase of 35.94% [1] - Guoxuan High-Tech achieved a net profit of 367 million yuan, up 35.22% year-on-year [1] - Zoomlion reported a net profit of 2.765 billion yuan, reflecting a year-on-year growth of 20.84% [1] - Yunnan Baiyao posted a net profit of 3.633 billion yuan, up 13.93% year-on-year [1] - BYD achieved a net profit of 15.511 billion yuan, reflecting a year-on-year increase of 13.79% [1] Decline and Loss - Agricultural Bank reported a net profit of 139.51 billion yuan, a year-on-year increase of 2.7% [2] - Gujing Gongjiu achieved a net profit of 3.662 billion yuan, up 2.49% year-on-year [2] - Bank of Communications reported a net profit of 46.016 billion yuan, reflecting a year-on-year increase of 1.61% [2] - Postal Savings Bank achieved a net profit of 49.228 billion yuan, up 0.85% year-on-year [2] - China Rare Earth reported a net profit of 16.2 million yuan, turning from loss to profit [2] - New Hope achieved a net profit of 75.5 million yuan, turning from loss to profit [2] - BeiGene reported a net profit of 450 million yuan, turning from loss to profit [2] - Shenghe Resources achieved a net profit of 37.7 million yuan, turning from loss to profit [2] - China Great Wall reported a net profit of 13.8 million yuan, turning from loss to profit [2] - Tianqi Lithium reported a net profit of 8.441 million yuan, turning from loss to profit [2] - Yunda Holdings reported a net profit of 52.9 million yuan, a year-on-year decline of 49.19% [2] - Magmi Te reported a net profit of 17.4 million yuan, down 44.82% year-on-year [2] - Youa Holdings reported a net profit of 5.348 million yuan, down 45.61% year-on-year [2] - Yanzhou Coal reported a net profit of 4.652 billion yuan, down 38.53% year-on-year [2] - Changfei Optical Fiber reported a net profit of 296 million yuan, down 21.71% year-on-year [2] - Pianzaihuang reported a net profit of 1.442 billion yuan, down 16.22% year-on-year [2] - China Shenhua reported a net profit of 246.41 billion yuan, down 12% year-on-year [2] - China Railway reported a net profit of 118.27 billion yuan, down 17.17% year-on-year [2] - Luzhou Laojiao reported a net profit of 766.3 million yuan, down 4.54% year-on-year [2] - Industrial and Commercial Bank reported a net profit of 168.103 billion yuan, down 1.4% year-on-year [2] - China Construction Bank reported a net profit of 162.076 billion yuan, down 1.37% year-on-year [2] - Jingwang Electronics reported a net profit of 64.9 million yuan, down 1.06% year-on-year [2] - Bank of China reported a net profit of 117.591 billion yuan, down 0.85% year-on-year [2] - Beijing-Shanghai High-Speed Railway reported a net profit of 6.316 billion yuan, down 0.64% year-on-year [2] - Baike Biotechnology reported a net loss of 73.5734 million yuan, turning from profit to loss [2] - ST Xintong reported a net loss of 95.1607 million yuan, turning from profit to loss [2] - Gemdale Group reported a net loss of 3.701 billion yuan [2] - China Eastern Airlines reported a net loss of 1.431 billion yuan [2] Additional Losses - Garden Holdings reported a net loss of 74.4346 million yuan [3] - Wantong Development reported a net loss of 28.0411 million yuan [3]

Group 1 - The core point of the article is that Huaxia Airlines reported significant financial growth for the first half of 2025, with a notable increase in both revenue and net profit [1] Group 2 - The company achieved operating revenue of 3,609,647,378.95 yuan, representing a year-on-year growth of 12.41% [1] - The net profit attributable to shareholders of the listed company was 250,778,905.56 yuan, showing a remarkable year-on-year increase of 858.95% [1]

Investment Rating - The report maintains an "Outperform" rating for Huaxia Airlines [2] Core Insights - Huaxia Airlines reported a strong performance in the first half of 2025, with total revenue reaching 3.61 billion yuan, a year-on-year increase of 12.41%, and a net profit attributable to shareholders of 251 million yuan, up 858.95% year-on-year, exceeding expectations [7] - The company benefits from the continuous improvement in civil aviation travel demand, actively increasing flight volumes and enhancing fleet utilization, leading to improved operational quality [7] - The airline's available seat kilometers (ASK) reached 8.86 billion, a 21.41% increase year-on-year, while passenger kilometers (RPK) reached 7.22 billion, up 27.13% year-on-year, with a seat load factor of 81.53%, an increase of 3.67 percentage points year-on-year [7] Financial Data and Profit Forecast - For 2025, total revenue is projected to be 7.94 billion yuan, with a year-on-year growth rate of 18.6%, and net profit is expected to reach 624 million yuan, reflecting a 132.7% increase year-on-year [6] - The gross profit margin is expected to improve significantly from 2.9% in the first half of 2025 to 10.1% in 2025E, and return on equity (ROE) is projected to rise to 15.7% in 2025E [6] - The company plans to enhance its route network, particularly in remote areas, which is expected to further increase comprehensive route revenue [7]

智通财经APP讯，华夏航空(002928.SZ)发布2025年半年度报告，该公司营业收入为36.1亿元，同比增长 12.41%。归属于上市公司股东的净利润为2.51亿元，同比增长858.95%。归属于上市公司股东的扣除非 经常性损益的净利润为2.27亿元，同比增长1706.60%。基本每股收益为0.1969元。 ...

华夏航空股份有限公司 章 程 二〇二五年八月 1 | 第一章 | 总则 | 3 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 4 | | 第三章 | 股份 | 5 | | 第一节 | 股份发行 | 5 | | 第二节 | 股份增减和回购 | 6 | | 第三节 | 股份转让 | 8 | | 第四章 | 股东和股东会 | 9 | | 第一节 | 股东的一般规定 | 9 | | 第二节 | 控股股东和实际控制人 12 | | | 第三节 | 股东会的一般规定 13 | | | 第四节 | 股东会的召集 | 15 | | 第五节 | 股东会的提案与通知 17 | | | 第六节 | 股东会的召开 | 19 | | 第七节 | 股东会的表决和决议 22 | | | 第五章 | 董事和董事会 | 27 | | 第一节 | 董事的一般规定 27 | | | 第二节 | 董事会 | 31 | | 第三节 | 独立董事 | 38 | | 第四节 | 董事会专门委员会 41 | | | 第六章 | 高级管理人员 | 43 | | 第七章 | 财务会计制度、利润分配和审计 | 46 | | 第一 ...

华夏航空股份有限公司 董事会议事规则 第一章 总则 第一条 为规范华夏航空股份有限公司（以下简称"公司""本公司"）董事 会议事和决策程序，促使董事和董事会有效地履行职责，提高董事会规范运作和科学 决策水平，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共 和国证券法》（以下简称《证券法》）、《上市公司治理准则》《上市公司章程指引》 《深圳证券交易所股票上市规则》（以下简称《上市规则》）、《深圳证券交易所上 市公司自律监管指引第 1 号——主板上市公司规范运作》（以下简称《规范运作指 引》）等有关法律、法规、规章、规范性文件和《华夏航空股份有限公司章程》（以 下简称《公司章程》）的有关规定，并结合本公司的实际情况，制定本规则。 第二条 董事会对股东会负责，维护公司和全体股东的利益，在《公司法》 《公司章程》和股东会赋予的职权范围内行使决策权。 第三条 公司设董事会秘书，负责公司股东会和董事会会议的筹备、文件保管 及公司股东资料的管理，办理信息披露事务、投资者关系工作等事宜，并保管董事会 印章。 董事会下设董事会办公室作为董事会常设工作机构，处理董事会日常事务。 第四条 董事会设立战略委员会、薪 ...

第一章 总则 第一条 为适应公司战略发展需要，增强公司核心竞争力，确定公司规划， 健全投资决策程序，加强决策科学性，提高重大投资决策的效率和决策的质量， 完善公司治理结构，根据《中华人民共和国公司法》（以下简称《公司法》）、 《上市公司治理准则》《深圳证券交易所上市公司自律监管指引第 1 号——主板 上市公司规范运作》等有关法律、法规、规章、规范性文件和《华夏航空股份有 限公司章程》（以下简称《公司章程》）的有关规定，结合公司实际情况，制定 本规则。 第二条 董事会战略委员会（以下简称"战略委员会"）是公司董事会下 设的专门委员会，对董事会负责。 第三条 战略委员会主要负责对公司长期发展战略和重大投资决策进行研 究并提出建议。 第二章 战略委员会委员 第四条 战略委员会由 5 名公司董事组成。 华夏航空股份有限公司 董事会战略委员会议事规则 第五条 首届战略委员会委员由董事长提名，其他由提名委员会提名，由 董事会选举产生。战略委员会设召集人一名，由董事长提名、董事会审议通过产 生，负责主持委员会工作。 第六条 不符合《公司章程》规定的董事任职条件的人员不得当选为战略 委员会委员。 战略委员会委员在任职期间出现 ...

第一条 为保障股东合法权益，保证华夏航空股份有限公司（以下简称 "公司"）股东会依法行使职权，根据《中华人民共和国公司法》（以下简称 《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上市公 司治理准则》《上市公司股东会规则》《深圳证券交易所股票上市规则》（以下 简称《上市规则》）、《深圳证券交易所上市公司自律监管指引第 1 号——主板 上市公司规范运作》（以下简称《规范运作指引》）等有关法律、法规、规章、 规范性文件和《华夏航空股份有限公司章程》（以下简称《公司章程》）的有关 规定，制定本规则。 华夏航空股份有限公司 股东会议事规则 第一章 总则 第二条 公司应当完善股东会运作机制，平等对待全体股东，保障股东依 法享有的知情权、查询权、分配权、质询权、建议权、股东会召集权、提案权、 提名权、表决权等权利，积极为股东行使权利提供便利，切实保障股东特别是中 小股东的合法权益。 第三条 公司应当严格按照《公司法》《证券法》《公司章程》和本规则 的规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当 勤勉尽责，确保股东会正常召开和依法行使职权。 ...

华夏航空股份有限公司 内部审计制度 第一章 总则 第一条 为了建立和完善华夏航空股份有限公司（以下简称"公司"）内 部审计监督制约机制，加强公司内部审计工作，发挥内部审计在强化内部控制、 改善风险管理、完善组织治理结构中的作用，促进公司战略目标实现，特制定本 制度； 第二条 本制度根据《中华人民共和国公司法》《企业内部控制基本规范》 等有关法律、法规、规范性文件和《华夏航空股份有限公司章程》制定。 第三条 本制度所称内部控制，是指公司董事会、高级管理人员及全体员 工为实现下列目标而提供合理保证的过程： （一）遵守国家法律、法规、规章； （二）提高公司经营的效率和效果； （三）维护公司合法权益，保障公司资产安全； （四）确保公司信息的真实、准确、完整。 第四条 本制度所称内部审计，是指由公司内部审计部门依据国家有关法 律法规和本制度的规定，在公司董事会的领导下，对公司的内部控制和风险管理 的有效性、财务信息的真实性和完整性以及经营活动的效率和效果开展的评价活 动以及反舞弊活动，并在审计过程中发挥监督、咨询作用。 第五条 内部审计的基本原则： （一） 独立原则，内部审计机构应在组织上、精神上与审计对象上保持相 对 ...