Core Insights - The aviation and airport sector saw a 0.5% increase on January 6, with Juneyao Airlines leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up 1.5%, while the Shenzhen Component Index closed at 14022.55, up 1.4% [1] Stock Performance - Juneyao Airlines (603885) closed at 15.26, up 3.32% with a trading volume of 252,100 shares and a turnover of 379 million yuan [1] - China Eastern Airlines (600115) closed at 6.13, up 1.32% with a trading volume of 2,259,400 shares and a turnover of 1.373 billion yuan [1] - Shenzhen Airport (000089) closed at 7.05, up 1.15% with a trading volume of 135,900 shares and a turnover of 95.385 million yuan [1] - Shanghai Airport (600009) closed at 32.97, up 0.83% with a trading volume of 121,000 shares and a turnover of 398 million yuan [1] - Xiamen Airport (600897) closed at 17.25, up 0.29% with a trading volume of 73,800 shares and a turnover of 12.7 million yuan [2] Capital Flow - The aviation and airport sector experienced a net outflow of 146 million yuan from institutional investors, while retail investors saw a net inflow of 10.53 million yuan [2] - Major stocks like Juneyao Airlines and Shanghai Airport attracted significant net inflows from retail investors, while others like Xiamen Airport and Spring Airlines faced net outflows [3]

北京商报讯（记者 关子辰 牛清妍）1月6日，华夏航空发布"关于防范虚假招聘的严正声明"。声明表示，近期，部分网络平台及社交媒体上出现了冒 用"华夏航空"名义发布的虚假招聘信息，此类信息内容具有较强误导性与欺诈性，可能对应聘者权益造成损害。 华夏航空在声明中列出其官方招聘信息发布平台，分别为华夏航空的招聘官网、名为"华夏航空伯乐君"的招聘公众号以及智联招聘网、猎聘网、民航资 源网、BOSS直聘4个招聘网站。其他渠道发布的招聘信息均为非官方信息。 华夏航空还强调，从未委托任何第三方机构或个人开展招聘工作；从未要求应聘者前往非本华夏航空官方指定的场所参加面试或培训；严禁以任何名义 向应聘者收取任何费用，包括但不限于押金、保证金、推荐费、介绍费、招待费、活动费、中介费等。 华夏航空向广大应聘者发出提醒：务必提高警惕，仔细甄别信息真伪，保护个人隐私与财产安全。如遇可疑情况，及时通过官方渠道核实；若已遭受损 失，请立即向公安机关报案。 三、对于任何冒用华夏航空名义发布或传播虚假招 聘信息的行为,我司将保留追究当事人法律责任的 权利。请广大应聘者务必提高警惕，仔细甄别信息 真伪,保护个人隐私与财产安全。如遇可疑情况, 请及 ...

Market Overview - The aviation and airport sector experienced a decline of 0.31% on January 5, with China National Aviation leading the drop [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China National Aviation closing at 9.20, down 1.81%, and China Eastern Airlines at 6.05, up 0.83% [2] - The trading volume and turnover for major stocks included: - China National Aviation: 1.22 million shares, turnover of 1.11 billion [2] - China Eastern Airlines: 1.79 million shares, turnover of 1.07 billion [2] - Xiamen Airport: 66,800 shares, turnover of 115 million [2] Capital Flow - The aviation and airport sector saw a net inflow of 119 million from institutional investors, while retail investors experienced a net outflow of 173 million [2] - The capital flow for specific stocks indicated: - China Eastern Airlines had a net inflow of 94.70 million from institutional investors [3] - China National Aviation faced a net outflow of 18.89 million from institutional investors [3] - Shenzhen Airport had a net inflow of 12.24 million from institutional investors [3]

格隆汇1月5日丨华夏航空(002928.SZ)公布，截至2025年12月31日，公司通过回购专用证券账户以集中 竞价交易方式累计回购股份数量为13,203,450股，占公司股份总数的比例为1.03%，最高成交价为人民 币11.74元/股，最低成交价为人民币9.75元/股，成交总金额为人民币139,001,185.25元（不含交易费 用）。本次回购股份资金来源为股票回购专项贷款及自有资金，回购价格未超过回购方案中拟定的上限 13.54元/股（含），本次回购符合相关法律法规的要求，符合既定的回购股份方案。 ...

格隆汇1月5日丨华夏航空(002928.SZ)公布，截至2025年12月31日，公司通过回购专用证券账户以集中 竞价交易方式累计回购股份数量为13,203,450股，占公司股份总数的比例为1.03%，最高成交价为人民 币11.74元/股，最低成交价为人民币9.75元/股，成交总金额为人民币139,001,185.25元（不含交易费 用）。本次回购股份资金来源为股票回购专项贷款及自有资金，回购价格未超过回购方案中拟定的上限 13.54元/股（含），本次回购符合相关法律法规的要求，符合既定的回购股份方案。 ...

证券代码：002928 证券简称：华夏航空 公告编号：2026-002 华夏航空股份有限公司 关于回购股份比例达到公司总股本 1% 暨回购进展的公告 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。 华夏航空股份有限公司（以下简称"公司"）于 2025 年 09 月 15 日召开公 司第四届董事会第一次会议审议通过了《关于以集中竞价交易方式回购公司股 份方案的议案》。公司拟使用自有资金及股票回购专项贷款资金以集中竞价交 易方式回购部分公司已发行的社会公众股份（A 股人民币普通股），用于员工 持股计划或者股权激励。本次回购金额不低于人民币 8,000.00 万元且不超过人 民币 16,000.00 万元，回购价格不超过人民币 13.54 元/股（按回购金额上限和 回购价格上限测算，预计可回购股份数量为 11,816,839 股，占公司总股本的比 例为 0.92%，具体回购数量以回购期限届满或回购股份实施完毕时实际回购的 股份数量为准），回购期间为自董事会审议通过之日起不超过 6 个月。具体内 容详见公司于 2025 年 09 月 16 日披露于巨潮资讯网的《关于回 ...

Investment Rating - The industry investment rating is "Buy" [4] Core Insights - The New Year holiday travel showed strong growth, with a total of 803 million people traveling across regions from December 31, 2025, to January 3, 2026, averaging 201 million people per day, a year-on-year increase of 19.75%. The total passenger transport volume reached 209 million, with a daily average of 52 million, up 31.1% year-on-year [4][7] - The aviation sector experienced both volume and price increases, with daily flight numbers averaging 14,900 during the holiday, a 2.9% increase compared to 2025 and a 13.2% increase compared to 2019. The average ticket price for domestic economy class reached 684.6 CNY, showing a year-on-year increase of 9.8% [4][9] - The railway and waterway transport sectors outperformed the market, with year-on-year growth rates of 54.5% and 32.7%, respectively, during the holiday period [4][7] Summary by Sections Holiday Travel Data - Total national passenger transport volume reached 20,943.4 million, with a year-on-year growth of 31.1% [7] - Railway passenger transport volume was 6,476.9 million, with a year-on-year growth of 54.5% [7] - Road passenger transport volume was 13,374 million, with a year-on-year growth of 23.2% [7] - Waterway passenger transport volume was 287.4 million, with a year-on-year growth of 32.7% [7] - Civil aviation passenger transport volume was 805.1 million, with a year-on-year growth of 13.1% [7] Investment Recommendations - The report recommends focusing on airlines with stable volume growth and improving prices, specifically mentioning Hainan Airlines, China National Aviation Holding, and Spring Airlines [4] - In the railway sector, it highlights the growth potential of Guangzhou-Shenzhen Railway and Beijing-Shanghai High-Speed Railway due to increased capacity and network effects [4]

Investment Rating - The report maintains an "Overweight" rating for the transportation industry [2] Core Views - The report highlights a significant year-on-year increase in travel demand during the New Year holiday period, attributed to a low base effect from the previous year [6] - The aviation sector is expected to benefit from limited supply growth, rising ticket prices, and improved profitability due to favorable oil prices and currency exchange rates [9] Summary by Sections Travel Demand Growth - During the 2026 New Year holiday, cross-regional travel reached 595 million trips, averaging 198 million trips per day, with a year-on-year growth of 19.62% [6] - Rail travel saw the highest growth at 52.6%, while civil aviation grew by 10.4% and intercity buses by 20.8% [6] Aviation Sector Insights - Civil aviation passenger volume reached 5.88 million during the holiday, with a daily average of 1.96 million, reflecting a 10.4% increase year-on-year [6] - Average domestic economy class ticket prices rose to 684.6 yuan, showing a recovery trend after a decline in the previous year [6] Road and Rail Travel - Road travel accounted for 540 million trips, with a daily average of 18 million, marking a 15.7% increase year-on-year [7] - Rail travel demand remained strong, with an estimated 48.09 million trips during the holiday, reflecting a 52.7% year-on-year increase [8] Investment Recommendations - The report recommends focusing on the aviation sector for 2026, anticipating strong performance during the Spring Festival and sustained demand growth in the medium to long term [9] - Key stocks recommended include Huaxia Airlines, Spring Airlines, and China Southern Airlines, all rated as "Buy" with target prices set for 2026 [5][12]

Investment Rating - The report maintains a positive outlook on the shipping industry, particularly in light of recent developments in Venezuela and the increase in new ship prices [1][2]. Core Insights - Venezuela's political changes are expected to benefit compliant tanker markets, with a potential increase in oil exports leading to higher demand for Aframax tankers and VLCCs [3][4]. - New ship prices have shown an upward trend, with a 0.5% increase reported, particularly in gas carriers which rose by 1% [3]. - The report highlights a significant drop in VLCC freight rates, which fell by 36% week-on-week, while the Atlantic market remains relatively stable [3][4]. Summary by Sections Shipping Market - The report notes that the recent escalation in Venezuela's situation could lead to a 1.4% increase in compliant VLCC oil transport demand and a 4.0% increase for Aframax tankers [3][4]. - The average VLCC freight rate was reported at $43,895 per day, with Middle East to Far East rates dropping to $38,690 per day, a decrease of 45% from the previous week [3][4]. New Ship Prices - New ship prices have increased by 0.5% to 185.59 points, although they are down 1.85% compared to the beginning of 2025 [3][4]. Oil and Product Transport - The LR2-TC1 freight rate increased by 5% to $42,671 per day, supported by tight capacity in previous weeks [3]. - The report indicates a decline in MR average freight rates by 5% to $23,103 per day, with the Atlantic market remaining stable despite the holiday season [3][4]. Air Transport - The report anticipates significant improvements in airline profitability due to supply constraints and increasing passenger volumes, recommending several airlines for investment [3][4]. Express Delivery - The express delivery sector is entering a new phase of competition, with three potential scenarios outlined for future performance [3][4]. Rail and Road Transport - Rail freight volumes and highway truck traffic are expected to maintain steady growth, with recent data showing a slight decrease in volumes [3][4].

证券代码：002928 证券简称：华夏航空 公告编号：2026-001 华夏航空股份有限公司 关于公司非公开发行 A 股股票部分募投项目结项 并注销募集资金专项账户的公告 由华夏航空变更为华夏航空的全资子公司云飞飞机租赁（上海）有限公司（以下 简称"云飞飞机"），后续所涉募集资金由华夏航空以借款形式提供给云飞飞机 用于实施募投项目。"引进 4 架 A320 系列飞机"原拟投入募集资金金额为 119,210.20 万元，"引进 2 架 A320 系列飞机"拟投入募集资金金额为 75,410.20 万元，剩余募集资金 43,800.00 万元将调整至新募投项目"引进 5 架 C909 系列 飞机"。 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、募集资金基本情况 （一）非公开发行 A 股股票实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准华夏航空股份有限公司非公开发行股 票的批复》（证监许可[2022]1662 号）的核准，公司向特定对象非公开发行人 民币普通股不超过 304,070,293 股，每股面值为人民币 1.00 元，募集资金总额 ...