Core Viewpoint - The A-share market experienced a high opening followed by a decline, with all three major indices turning negative, despite the ChiNext index initially rising over 1% [1] Market Performance - The half-day trading volume in the Shanghai and Shenzhen markets reached 1.77 trillion yuan, an increase of 142.6 billion yuan compared to the previous trading day. Over 3,200 stocks in the market saw an increase [2] - The commercial aerospace sector showed a sustained recovery, with over ten constituent stocks hitting the daily limit. Major stocks like Jieli Suojue and Zhongchao Holdings reached the limit as well. The oil and gas sector continued its strong performance, with Intercontinental Oil and Gas hitting the limit. The coal sector also saw a rapid rise, with Dayou Energy hitting the limit. The robotics sector showed repeated strength, with stocks like Fulai New Materials and Yichang Technology hitting the limit. Conversely, the precious metals sector experienced a pullback, with stocks like Western Gold and Xiaocheng Technology dropping over 5% [2] - By the end of the trading session, the Shanghai Composite Index fell by 0.15%, the Shenzhen Component Index by 0.17%, and the ChiNext Index by 0.4% [2] Company Specifics - Fenglong Co., Ltd. achieved a 17 consecutive trading limit increase, with its stock price reaching 90.48 yuan per share and over 220,000 buy orders [5] - The company stated that there are no plans for asset restructuring or injection from Shenzhen Youbixuan Technology Co., Ltd. in the next 36 months, and emphasized that the current stock price is significantly detached from its fundamentals, indicating potential risks of market sentiment overheating and irrational speculation [5] - The company's Q3 report indicated a revenue of 373 million yuan, a year-on-year increase of 9.47%, and a net profit of 21.52 million yuan, a year-on-year increase of 1714.99%, with basic earnings per share at 0.1000 yuan and a weighted average return on equity of 2.37% [7] - The recent market rally is closely linked to the company's disclosed control change plan, where the controlling shareholder signed a share transfer agreement with Shenzhen Youbixuan Technology Co., Ltd. on December 24, 2025. This transaction is expected to enhance business synergy and integration between the two companies, with Youbixuan focusing on intelligent robotics and Fenglong specializing in precision manufacturing [8]

Group 1 - Cathay Group announced that its two airlines, Cathay Pacific and HK Express, will carry over 36 million passengers in 2025, representing a 27% year-on-year increase [1][3] - On December 27, 2025, the combined passenger count of Cathay Pacific and HK Express exceeded 125,000, setting a new single-day record for the group [3] - Just days later, on January 3, 2026, the airlines surpassed 126,000 passengers in a single day, marking another new high [3] Group 2 - In December of the previous year, Cathay Pacific's passenger volume increased by 22% to approximately 2.74 million, while HK Express saw a 24% rise to 782,000 passengers [3] - For the entire previous year, Cathay Pacific's passenger volume grew by about 27% to 28.87 million, and HK Express's volume increased by 30% to 7.91 million [3] - In terms of cargo, Cathay's cargo volume in December increased by 6% to 152,000 tons, and the total cargo volume for 2025 is projected to grow by 9.4% to approximately 1.677 million tons [3] Group 3 - Cathay's Customer and Business President, Ronald Lam, stated that the group will hold a series of events to celebrate its 80th anniversary in 2026, aiming to enhance service experience and reinforce Hong Kong's status as a leading international aviation hub [3]

Core Viewpoint - Cathay Pacific is experiencing significant growth in passenger and cargo volumes, with projections indicating a strong demand for travel and freight services in 2025, driven by increased capacity and a robust recovery in travel demand post-pandemic [1][2]. Passenger Capacity and Growth - Cathay Pacific's passenger capacity in December 2025 is expected to increase by 22% compared to December 2024, with available seat kilometers rising by 23% [1] - The total passenger volume for 2025 is projected to grow by 27% year-on-year, exceeding 36 million passengers [1] - Hong Kong Express is also seeing growth, with December 2025 passenger numbers expected to exceed 780,000, a 24% increase from December 2024, and an overall annual increase of 30% [1] Cargo Volume and Performance - Cathay Pacific's cargo volume in December 2025 is anticipated to rise by 6% compared to December 2024, with available cargo ton kilometers increasing by 8% [1] - The total cargo volume for 2025 is expected to exceed 1.6 million tons, reflecting a growth of over 9% from 2024 [1] Market Demand and Trends - The demand for inbound travelers is stable, particularly from students returning from North America, Oceania, and the UK, as well as visitors from Northeast Asia, Thailand, and India during the holiday season [1] - Outbound travel demand is notably strong during the holiday peak, especially to Northeast and Southeast Asia, with mainland China emerging as a popular destination for Hong Kong travelers [1] Future Outlook and Safety Recognition - Following the holiday season, flight bookings for the Lunar New Year are steadily increasing, with a focus on leveraging key events in Hong Kong and the region to drive travel demand [2] - Cathay Pacific has been recognized by Airline Ratings as one of the top two safest airlines globally for 2026 in the traditional full-service category, underscoring its commitment to operational safety [2] - Hong Kong Express has also been awarded as the world's safest low-cost airline for two consecutive years, reflecting its high safety standards [2] Special Events and Customer Experience - In 2026, Cathay Pacific plans to celebrate its 80th anniversary with a series of special events, aiming to enhance customer experience and solidify its position as a leading international aviation hub [2]

Core Viewpoint - Cathay Pacific is experiencing significant growth in passenger and cargo capacity, with projections indicating a strong demand for travel and freight services in 2025 compared to 2024 [1][2] Passenger Capacity - Cathay Pacific's passenger capacity in December 2025 is expected to increase by 22% year-on-year, with available seat kilometers rising by 23% [1] - The total passenger volume for 2025 is projected to grow by 27% compared to 2024, reaching over 36 million passengers [1] - Hong Kong Express is also seeing growth, with December 2025 passenger numbers expected to exceed 780,000, a 24% increase from December 2024 [1] Cargo Capacity - Cathay Pacific's cargo volume in December 2025 is anticipated to rise by 6% year-on-year, with available cargo ton kilometers increasing by 8% [1] - The total cargo volume for 2025 is expected to exceed 1.6 million tons, reflecting a growth of over 9% compared to 2024 [1] Market Demand - The demand for inbound travelers is stable, particularly from students returning from North America, Oceania, and the UK, as well as visitors from Northeast Asia, Thailand, and India during the year-end holiday [1] - Outbound travel demand is notably strong during the holiday peak, especially to Northeast and Southeast Asia, with mainland China emerging as a popular destination for Hong Kong travelers [1] Future Outlook - Following the year-end holiday, flight bookings for the Lunar New Year are steadily increasing, with a focus on leveraging key events in Hong Kong and the region to drive travel demand leading up to Easter [2] - Cathay Pacific has been recognized as one of the top two safest airlines globally for 2026, reflecting its commitment to operational safety [2] - Hong Kong Express has also been awarded as the safest low-cost airline globally for two consecutive years, underscoring its high safety standards [2] - The company plans to celebrate its 80th anniversary in 2026 with special events aimed at enhancing customer experience and reinforcing Hong Kong's status as a leading international aviation hub [2]

格隆汇1月21日丨国泰航空(00293.HK)公布 2025 年 12 月份客、货运量资料。 国泰顾客及商务总裁刘凯诗表示：「12 月是传统客运旺季，顾客外游需求强健。在 2025 年 12 月 27 日，国泰航空和香港快运合共载客超过 12 万 5 千人次，创下集团单日载客量新纪录。我们很高兴于短 短数日後再度打破纪录，2026 年 1 月 3日的单日载客人次突破 12 万 6 千，再创历史新高，为新一年揭 开亮丽序幕。 国泰货运于2025年12月的载货量较2024年同月增加6%，可用货物吨公里数按年增加8%。2025年全年载 货量较2024年增加超过9%。 「2025 年全年，国泰航空和香港快运合共接载乘客逾 3,600 万人次，按年增长27%。此乃受惠于集团客 运运力于年内显着提升，可用座位公里数较 2024 年上升逾 25%。此外，国泰货运全年载货量超过 160 万吨，较 2024 年增长超过 9%。 香港快运于2025年12月的载客量逾78万人次，较2024年同月增加24%，可用座位公里数则增加19%。 2025年的全年载客量较2024年增加了30%。 「踏入 2026 年，我们将举办一系列特别活动 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CATHAY PACIFIC AIRWAYS LIMITED 國泰航空有限公司 (於香港註冊成立的有限公司) (股份代號：293) 二零二五年十二月份客、貨運量數據 附上的新聞稿載列國泰航空有限公司（「公司」，連同其附屬公司，統稱「國泰集 團」或「集團」）的二零二五年十二月份客、貨運量數據。新聞稿載列的資料可能 為股價敏感資料。因此，本公告附上新聞稿乃按《證券及期貨條例》第 XIVA 部發 出。新聞稿載列的資料乃在內部管理記錄的基礎上編制，未經外聘核數師審核或審 閱。 本公告乃公司根據《證券及期貨條例》第 XIVA 部發出。 本公告載列的資料乃在內部管理記錄的基礎上編制，未經外聘核數師審核或審閱。 投資者在買賣公司股票時務必審慎行事。 於本公告所載日期，公司的在任董事如下： 承董事局命 CATHAY PACIFIC AIRWAYS LIMITED 常務董事： 賀以禮（主席）、林紹波、劉凱詩、麥皓雲、沈碧 ...

1月19日上午，国泰航空有关负责人就此事回应南都记者称，涉事航班CX507因技术问题需要取消，工程人员已进 行检查及维修。航司已安排乘客改乘其他航班，并向部分需要在大阪过夜的乘客作出赔偿或提供酒店。在等候期 间，航司机场服务团队也向所有乘客派发了餐券。 该负责人还表示，目前航司已为所有乘客安排航班回港，有部分乘客会搭乘19日晚的航班。国泰航空一向以旅客 及机组人员的安全为首要考虑，航司就事件为乘客带来的不便深表歉意。 涉事航班信息。 据公开信息披露，当地时间1月18日18时许，国泰航空从大阪飞往香港的CX507航班在大阪关西机场临近起飞前半 小时，机组人员告知乘客航班取消，导致大量乘客滞留机场。 航旅纵横信息显示，CX507航班于当地时间1月18日18时6分取消，执飞机型为波音777-367宽体机，飞机编号为 BHNG，机龄27.6年。 当地时间1月18日，国泰航空从大阪飞往香港的CX507航班临近起飞前突然取消，致大量乘客滞留机场，引发关 注。19日，国泰航空有关负责人回应南都N视频记者称，涉事航班因技术问题取消，工程人员已进行检查及维 修。目前航司已为所有乘客安排航班回港，有部分乘客会搭乘19日晚的航班， ...

交易新进展：各方作出稳定承诺 记者注意到，这轮行情的起点，与公司此前披露的一则控制权变更计划密切相关。 2025年12月24日，公司控股股东及实际控制人等与深圳市优必选科技股份有限公司签署了股份转让协议，优必选拟通 过"协议转让+要约收购"的方式入主锋龙股份，交易完成后公司控股股东及实际控制人将发生变更。 这宗被誉为"人形机器人第一股"收购传统精密制造企业的交易，迅速点燃了市场对其业务协同与产业整合的想象空 间，成为股价上涨的直接催化剂。 随着复牌公告的发布，本次控制权变更事项也出现了新进展。公告透露，交易各方近日作出了进一步的承诺：优必选 承诺在股份过户后60个月内维持其控股股东地位；而公司的原控股股东及一致行动人则承诺，在股份过户后的18个月 内不减持其持有的剩余股份。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1月18日，锋龙股份（002931）发布公告，宣布针对公司股票交易的停牌核查已完成，股票将于1月19日（星期一）开 市起复牌。此次停牌核查直接源于公司股价近期出现的异常剧烈波动。 交易行情显示，2025年12月17日至2026年1月13日，锋龙股份区间累计涨幅245 ...

随着复牌公告的发布，本次控制权变更事项也出现了新进展。公告透露，交易各方近日作出了进一步的 承诺：优必选承诺在股份过户后60个月内维持其控股股东地位；而公司的原控股股东及一致行动人则承 诺，在股份过户后的18个月内不减持其持有的剩余股份。 此外，为确保要约收购的履行，优必选已按规将约1.01亿元（相当于本次要约收购所需最高资金总额的 20%）存入指定账户作为履约保证金。 1月18日，锋龙股份（002931）发布公告，宣布针对公司股票交易的停牌核查已完成，股票将于1月19日 （星期一）开市起复牌。此次停牌核查直接源于公司股价近期出现的异常剧烈波动。 交易行情显示，2025年12月17日至2026年1月13日，锋龙股份区间累计涨幅245.39%。截至1月13日停 盘，公司股价收于涨停价61.79元/股，总市值135亿元。 交易新进展：各方作出稳定承诺 记者注意到，这轮行情的起点，与公司此前披露的一则控制权变更计划密切相关。 2025年12月24日，公司控股股东及实际控制人等与深圳市优必选科技股份有限公司签署了股份转让协 议，优必选拟通过"协议转让+要约收购"的方式入主锋龙股份，交易完成后公司控股股东及实际控制人 ...

（在香港註冊成立之有限公司） （股份代號：293) CATHAY PACIFIC AIRWAYS LIMITED 國泰航空有限公司 擬進行場外股份回購 寄發通函 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或部份內容而產生或因依賴該 等內容而引致的任何損失承擔任何責任。 於本公告日期，本公司董事為： 常務董事：賀以禮（主席）、林紹波、劉凱詩、麥皓雲、沈碧嘉； 非常務董事：劉鐵祥（副主席）、白德利、麥廣能、孫玉權、施銘倫、鄧健榮、 王明遠、肖烽；及 獨立非常務董事：陳智思、鄭嘉麗、馬焜圖及王小彬。 獨立董事委員會及獨立股東的獨立財務顧問 茲提述(i)國泰航空有限公司（「本公司」）於二零二五年十一月五日刊發有關（其中 包括）股份回購之公告；(ii)本公司於二零二五年十一月二十六日刊發有關延遲寄 發通函（「通函」）之公告；及(iii)日期為二零二六年一月十四日之通函。除文義另 有所指外，本公告所用之詞彙與通函所界定者具有相同涵義。 本公司欣然宣佈，載有（其中包括）(i)回購契約詳情；(ii)獨立董事委員會就股份 回購及回 ...