华夏航空8月6日股价报8.50元，与前一交易日持平。当日成交量为118484手，成交额达1亿元，振幅 1.41%。 来源：金融界 8月6日主力资金净流出1158.43万元，占流通市值0.11%。近五日主力资金净流出5963.44万元，占流通 市值0.55%。 风险提示：航空运输业受宏观经济、油价波动、市场竞争等因素影响较大，投资者需注意相关风险。 华夏航空属于航空机场板块，是国内支线航空运输企业。公司主要经营国内支线航空客货运输业务，构 建了以支线航线网络为核心的航空运输体系。 公司暑运计划执行航线211条，通达国内138个城市及2个国际城市，新开32条航线，加密8条航线。上半 年公司预计归母净利润为2.2亿元至2.9亿元，同比增长741.26%至1008.93%。 ...

Investment Rating - The report maintains an "Overweight" rating for the transportation sector [8] Core Views - The express delivery sector is expected to see significant profit recovery due to an early price increase trend, while the aviation sector is still at the bottom of the economic cycle, with potential for mid-term improvements in supply and demand [1][2][3] Summary by Sections Express Delivery - In June, the retail sales and express delivery volumes showed year-on-year increases of 5.3% and 15.8% respectively, although the growth rate has slowed compared to May [3] - The price increase trend has started in core grain-producing areas, which could lead to significant profit recovery for express delivery companies if this trend spreads across all price ranges [3][10] - Key companies recommended include ZTO Express, YTO Express, and Shunfeng Express [10] Aviation - The summer travel season has shown weak performance, with domestic ticket prices declining by 7.5% year-on-year, despite a slight increase in passenger load factor [2][16] - The aviation sector is currently at a low point, but improvements in supply growth and demand could enhance profitability in the medium term [26] - Recommended stocks include China National Aviation and Huaxia Airlines, which are expected to benefit from supply-demand improvements [26] Logistics - The logistics sector is experiencing an early price increase in express delivery, and the bulk supply chain is expected to recover alongside rising commodity prices [3][65] - The cross-border e-commerce logistics sector is showing resilience as tariff impacts diminish [3] Shipping and Ports - In July, shipping rates for container shipping and oil transport declined, while dry bulk shipping rates increased due to seasonal demand [35][36] - The report anticipates stable supply-demand dynamics in August, with shipping rates expected to remain volatile [35] Road and Rail - The road transport sector is under pressure due to rising risk preferences and potential impacts from upstream industry dynamics [5] - Rail transport is expected to see flat growth in passenger traffic during the summer, with ongoing observations needed for the impact of upstream industry changes [5]

Core Insights - The summer travel season has seen a significant increase in passenger flow at Shanghai ports, with July recording 23,000 inbound and outbound flights and 3.673 million passengers, marking year-on-year growth of 10.5% and 11.8% respectively [1] Industry Overview - The civil aviation sector is experiencing a positive cycle of volume and price, with high passenger load factors expected to drive ticket prices upward [2] - In July, the total number of passenger flights operated by civil aviation reached 524,000, averaging 16,900 flights per day, a year-on-year increase of 3.5%. Domestic flights grew by 2.2%, while international flights surged by 14.1% [3] - Major airlines are increasing their international flight capacity, with China Eastern Airlines expanding routes to Istanbul, Cairo, and other destinations, resulting in a 22% year-on-year increase in international and regional flights [3] Company Performance - Xiamen Airport reported a revenue of 991 million yuan, a 7.1% increase year-on-year, and a net profit of 219 million yuan, up 15.41%. The airport handled 14.3164 million passengers in the first half of the year, a 5.96% increase, with international passenger numbers rising by 15.51% [4] - Huaxia Airlines plans to operate 211 routes during the summer travel season, reaching 138 domestic cities and 2 international cities, with a projected net profit increase of 741.26% to 1008.93% year-on-year [5] Market Trends - The regional aviation market is expected to continue growing rapidly, driven by the economic development of smaller cities and increasing consumer demand for air travel [6] - The passenger load factor for regional routes was 77.3%, which is 8.7 percentage points lower than that of trunk routes, but both types of routes saw improvements compared to the same period in 2024 [7] - The summer travel season is characterized by a significant increase in passenger load factors, with a shift in customer demographics towards leisure travelers, impacting ticket pricing strategies [8]

华夏航空最新一期业绩显示，截至2025一季报，公司营业总收入17.74亿元、同比增长9.78%，归属净利 润8197.68万元，同比增长232.31%，扣非净利润7590.25万元，同比增长399.10%，流动比率0.796、速动 比率0.762、资产负债率83.91%。 金融界消息 截至2025年8月5日收盘，华夏航空（002928）报收于8.5元，上涨0.35%，换手率0.83%，成 交量10.57万手，成交金额8984.42万元。 资金流向方面，今日主力资金净流出1017.57万元，占比成交额11.33%。其中，超大单净流出639.97万 元、占成交额7.12%，大单净流出377.60万元、占成交额4.2%，中单净流出流入502.66万元、占成交额 5.59%，小单净流入514.91万元、占成交额5.73%。 通过天眼查大数据分析，华夏航空股份有限公司共对外投资了35家企业，参与招投标项目383次，知识 产权方面有商标信息268条，专利信息9条，此外企业还拥有行政许可22个。 天眼查商业履历信息显示，华夏航空股份有限公司，成立于2006年，位于贵阳市，是一家以从事航空运 输业为主的企业。企业注册资本12 ...

Summary of Key Points from Conference Call Records Industry or Company Involved - **Industries**: Rental, Express Delivery, Aviation, Chemical, Cobalt, Coal - **Companies**: China Shipbuilding Leasing, Bank of China Aviation Leasing, Jitu, Shentong, Zhongtong, Yunda, SF Express, Huaxia Airlines, China Shenhua, Huayi Chemical, Wanhua, Hualu, Yangnong, Satellite Chemical, New Chemical, Huayou Cobalt, Likin, Shengtun, Jiayou International Core Points and Arguments 1. **U.S. Labor Market Impact**: The U.S. labor market data has raised expectations for a 25 basis point rate cut in September, increasing the likelihood to 75%, which is favorable for leasing companies like China Shipbuilding Leasing and Bank of China Aviation Leasing [1][2] 2. **Express Delivery Industry**: The political bureau meeting focused on capacity governance rather than production governance, which is expected to accelerate the anti-involution in the express delivery industry. Price increases are anticipated in regions like Yiwu and Guangdong, with recommended companies including Jitu, Shentong, Zhongtong, Yunda, SF Express [1][4] 3. **Aviation Industry Challenges**: Despite efforts to combat market involution, the aviation industry faces skepticism regarding joint price increases due to high transparency of data. Recommended stocks include Huaxia Airlines and major A-share airlines [1][5] 4. **Chemical Industry Trends**: The chemical sector is experiencing a bottoming out, with PPI showing continuous negative growth. However, prices for certain chemicals like epoxy chloropropane and lithium carbonate are rising due to downstream replenishment [1][8][10] 5. **Cobalt Market Tightness**: The cobalt market is experiencing supply tightness, with prices expected to average 250,000 yuan/ton this year. Companies like Huayou Cobalt and Likin are recommended for investment [1][19][20] 6. **Coal Industry Developments**: China Shenhua's acquisition of National Energy Group assets is expected to enhance its strength and positively impact the coal sector. Current coal prices remain strong despite recent declines in stock performance [1][22][23] Other Important but Possibly Overlooked Content 1. **Chemical Industry Profitability**: The chemical industry saw a revenue growth of 1.4% in June 2025, but profit growth was negative at -9%, indicating a widening profit decline despite revenue increases [1][12] 2. **Market Sentiment in Chemical Sector**: The increase in Penghua Chemical ETF shares by 1.1 billion yuan indicates a growing market interest in the chemical sector, despite it being at a relative bottom compared to other cyclical sectors [1][13] 3. **Potential for Price Stabilization**: The possibility of production limits in the chemical sector could help stabilize prices, as seen in past successful interventions [1][16] 4. **Investment Opportunities in New Materials**: Companies like Dongcai Technology and Xinzhou Bang are highlighted as key players in the new materials sector, particularly in the high-performance resin supply chain [1][17] 5. **Gold and Silver Market Dynamics**: Recent trends show that while industrial metals have risen, precious metals like gold have not seen similar increases, suggesting potential investment opportunities in gold stocks [1][18]

Group 1 - The core stock price of Huaxia Airlines as of August 4, 2025, is 8.47 yuan, reflecting an increase of 0.03 yuan from the previous trading day [1] - The stock opened at 8.38 yuan, reached a high of 8.70 yuan, and a low of 8.37 yuan, with a trading volume of 222,780 hands and a transaction amount of 1.90 billion yuan [1] - Huaxia Airlines is a domestic regional airline with operational bases in Chongqing, Guiyang, and Dalian, focusing on the development of the regional aviation market [1] Group 2 - On August 4, the stock price of Huaxia Airlines experienced a rapid rebound around 9:30 AM, with an increase of over 2% within five minutes, reaching a price of 8.56 yuan and a transaction amount of 7.432 million yuan [1] - In terms of capital flow, Huaxia Airlines saw a net outflow of 12.01 million yuan on that day, with a cumulative net outflow of 80.91 million yuan over the past five days [1]

证券之星消息，8月4日航空机场板块较上一交易日上涨0.55%，中信海直领涨。当日上证指数报收于 3583.31，上涨0.66%。深证成指报收于11041.56，上涨0.46%。航空机场板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 6600000 | 中信海直 | 1.43 Z | 8.70% | -8804.93万 | -5.36% | -5484.46万 | -3.34% | | 601021 | 春秋航空 | 2998.53万 | 14.06% | 983.11万 | 4.61% | -3981.63万 | -18.67% | | 601111 | 中国国航 | 2630.30万 | 6.91% | -231.62万 | -0.61% | -2398.68万 | -6.30% | | 6038882 | 吉祥航空 | 2215.69万 | 11.75% | -2337.93万 | -12. ...

Trading Information Summary - On August 1, 2025, Huaxia Airlines closed at 8.44 yuan, up 1.32%, with a turnover rate of 1.18%, trading volume of 150,700 shares, and a transaction amount of 126 million yuan [1]. - On the same day, the capital flow situation showed a net outflow of 18.12 million yuan from main funds, a net outflow of 1.36 million yuan from speculative funds, and a net inflow of 19.49 million yuan from retail investors [1][3]. Company Announcement Summary - Huaxia Airlines announced that it would provide guarantees for its wholly-owned subsidiary up to 1.7 billion yuan or equivalent foreign currency, primarily for aircraft introduction, prepayments, project construction, purchase of aviation materials, equipment procurement, and daily operations [1]. - The guarantee amount for Huaxia Aircraft Maintenance Engineering Co., Ltd. is set at 500 million yuan, with an actual guarantee balance of 267.02 million yuan as of the announcement date [1][3]. - The total external guarantee balance for the company and its subsidiaries is 721.14 million yuan, accounting for 21.48% of the latest audited net assets, with no overdue guarantees or litigation-related guarantees [1].

Group 1 - The core point of the announcement is that Huaxia Airlines has confirmed that neither the company nor its subsidiaries have any overdue external guarantees [2] - The company also stated that there are no guarantees involved in any lawsuits, nor any losses incurred due to being judged against in such cases [2]

证券代码：002928 证券简称：华夏航空 公告编号：2025-035 华夏航空股份有限公司 关于为全资子公司提供担保的进展公告 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。 （其中，21,701.97 万元为 2024 年年度股东大会审议通过《关于为全资子公司 提供担保的议案》前已提供且仍在担保期限内的担保余额）；截至本公告披露之 日，公司对全资子公司华夏维修的实际担保余额为 26,701.97 万元（含本次担保 3,000.00 万元），尚余可提供担保额度为 45,000.00 万元。 上述担保事项在公司董事会及股东大会审议通过的对外担保额度范围内，担 保程序符合《上市公司监管指引第 8 号——上市公司资金往来、对外担保的监管 要求》《深圳证券交易所股票上市规则》及其他有关监管法规的要求。本次担保 对象为公司的全资子公司，财务状况和偿债能力较好；公司为其提供担保，有利 于促进全资子公司业务发展，提高其经济效益和盈利能力。 三、公司与浦发银行重庆分行签订的《最高额保证合同》主要内容 1、保证人：华夏航空股份有限公司 一、担保额度审批情况概述 华夏航空股份有 ...