China Express(SZ:002928) Sou Hu Cai Jing·2026-01-14 18:01Summary of Key Points Core Viewpoint - Huaxia Airlines (002928) has received a significant government subsidy that will greatly impact its financial performance for the upcoming fiscal year [1][2]. Trading Information - On January 14, Huaxia Airlines closed at 10.5 yuan, down 1.5%, with a turnover rate of 1.9%, a trading volume of 242,700 shares, and a transaction value of 254 million yuan [1]. - The net inflow of main funds was 15.76 million yuan, indicating increased short-term interest from major investors [2]. Company Announcement - Huaxia Airlines has been notified of a subsidy of 525.90 million yuan from the Civil Aviation Development Fund for 2025, which represents 196.25% of the company's audited net profit attributable to shareholders for 2024 [1][2]. - This subsidy is related to the company's regular operating activities and will be recorded under "other income" [1]. - The subsidy amount has not yet been received, and the final impact will depend on the audit results [1].