Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2026 on March 2 at 14:30 [2] - The meeting will be convened by the board of directors [2] - Voting will be conducted through a combination of on-site and online methods [2] - The on-site meeting will take place at the company's headquarters in Guangzhou, China [2] Voting Details - The online voting system will be provided by the Shanghai Stock Exchange [3] - Voting will be available on March 2 during specific trading hours: 9:15-9:25, 9:30-11:30, and 13:00-15:00 [3] - Shareholders can vote via the trading system or the internet voting platform [7] Shareholder Participation - Only shareholders registered by the close of trading on the registration date are eligible to attend the meeting [12] - Shareholders can appoint proxies to attend and vote on their behalf [12][14] - Registration for the meeting will be open from February 12 to February 24, 2026 [17] Agenda and Proposals - The meeting will review and vote on two proposals that have already been approved by the board [6] - There are no special resolutions or proposals requiring separate voting for minority investors [7] Voting Procedures - Shareholders must complete identity verification to vote online for the first time [8] - Votes exceeding the number of shares held will be considered invalid [9] - The first voting result will prevail in case of duplicate votes [9] Additional Services - The company will provide a reminder service for small and medium investors to ensure they can participate in the meeting [8] - Investors will receive notifications about the meeting and proposals via SMS [8]

Market Overview - The market has experienced significant fluctuations recently, with a notable decline observed today [1][9]. - A total of 5,180 A-shares were listed, with 3,669 shares rising and 1,485 shares falling today [10]. A-Share Performance - The A-share market saw 1,586 stocks increase in value, while 3,462 stocks decreased, resulting in a median increase of -0.77% [11]. - The Shanghai Composite Index fell by 1.02%, while the Shenzhen Component Index also experienced a decline [10][11]. Sector Performance - The leading sectors included Beauty Care, which rose by 3.21%, followed by Banking at 1.57% and Food & Beverage at 1.31% [11]. - Conversely, the sectors that faced the most significant declines were Non-ferrous Metals, down 4.57%, Power Equipment, down 3.41%, and Telecommunications, down 2.39% [11]. Convertible Bonds - The average increase for convertible bonds was -0.82%, with the corresponding underlying stocks averaging a decline of -1.20% [12]. - A total of 373 convertible bonds were reported, with 20 bonds in the main portfolio averaging a decrease of -0.75% [12]. Investment Strategy Insights - The company attended an investment strategy meeting, noting that the account experienced a slight decline of 0.77%, outperforming the convertible bond index [13]. - The company is monitoring the increasing number of convertible bonds approaching strong redemption conditions, indicating a growing trend in the market [13]. Historical Performance of Investment Strategies - A comparison of the Dividend Low Volatility Total Return Index and the company's strategy from January 1, 2014, to February 4, 2026, shows that the strategy has outperformed the index in most years, with a total return of 914.98% compared to the index's 314.61% [13][14]. - The annualized return for the company's strategy stands at 21.12%, significantly higher than the index's 12.48% [13][14].

证券代码：600029 证券简称：南方航空 公告编号：2026-008 中国南方航空股份有限公司 关于召开2026年第一次临时股东会的通知 召开的日期时间：2026 年 3 月 2 日 14 点 30 分 召开地点：中国广东省广州市白云区齐心路 68 号中国南方航空大厦 33 楼 股东会召开日期：2026年3月2日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 3301 会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 3 月 2 日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东会类型和届次 中国南方航空股份有限公司（以下简称"公司""本公司"）2026年第一次临时股 东会 至2026 年 3 月 2 日 采用上海证券交 ...

2026 年第一次临时股东会 中国南方航空股份有限公司 CHINA SOUTHERN AIRLINES CO., LTD. 2026 年第一次临时股东会 会议资料 2026 年 2 月 5 日 1 | 一、会议须知··········································3 | | --- | | 二、会议议程··········································5 | | 三、会议议案··········································6 | | 四、附件··········································8 | 2026 年第一次临时股东会 中国南方航空股份有限公司 2026 年第一次临时股东会会议须知 为确保中国南方航空股份有限公司（以下简称"本公司""公 司"）股东在公司 2026 年第一次临时股东会（以下简称"临时 股东会"）期间依法行使股东权利，保证临时股东会的会议秩序 和议事效率，依据中国证券监督管理委员会《上市公司股东会规 则》及《中国南方航空股份有限公司章程》（以下简称"《 ...

【环球网消费报道 记者 刘晓旭】2026年全国春运已经正式拉开帷幕。作为一年中最重要的运输时段，民航各大机场再次迎来了繁忙的运营时刻，这更是民 航客流强劲反弹的重要窗口期。 IBA的统计数据进一步印证了这一趋势：2025年，中国航司在中欧航线上的运力占比已提升至77%，远高于2019年的55%。这主要得益于国内航司在航路规 划上的灵活性与效率提升。相较之下，部分国外航司受限于地理及空域因素，面临航程延长、运营成本增加的压力。国内航司凭借更短的航程和更高的燃油 效率，在中远程航线上具备了更强的成本控制能力和市场定价权，从而在国际市场竞争中占据了主动。 根据民航局公布的数据，春运首日全国民航预计保障航班19080班，运输旅客219万人次。展望整个春运期间，全国民航旅客运输量有望达到9500万人次，预 计保障航班78万班，日均19400班，同比增长5%。 春运客流高峰显现 供需两旺利好市场预期 对于2026年民航春运的市场表现，华泰证券交运行业首席分析师沈晓峰表达了明确的乐观预期。他认为，在假期结构优化与消费政策利好的双重驱动下，今 年春运民航市场呈现出供需两旺的积极态势。 近期，国家发展改革委、工信部等部门联合印 ...

Group 1: Real Estate Industry Insights - The report analyzes the real estate cycle in the UK, highlighting a significant decline in transaction volumes and prices post-2007 crisis, with second-hand home transactions dropping for 23 months by 64% and new home transactions falling for 54 months by 59% [1][5] - Currently, second-hand transaction volumes have recovered to 66% of their peak, while new home transactions are at 45% of their peak. House prices have increased to 1.55 times the pre-crisis peak after 83 months of recovery [1][5] - The report notes that the UK real estate market has been influenced by quantitative easing (QE) and stamp duty adjustments, with the latter having a more significant impact on market fluctuations [6] Group 2: Transportation Sector - China Southern Airlines - China Southern Airlines is projected to achieve a net profit of RMB 8 billion to RMB 10 billion for the year 2025, with a loss in Q4 2025 expected to be between RMB 13.07 billion and RMB 15.07 billion, indicating a reduction in losses compared to Q4 2024 [10][11] - The airline's operational metrics show steady improvement, with available seat kilometers (ASK) and revenue passenger kilometers (RPK) increasing by 6.57% and 8.28% respectively in 2025, and a slight rise in passenger load factor to 85.74% [10][11] - The long-term demand for civil aviation in China is viewed positively, supported by the airline's strategic route planning, leading to a maintained "overweight" rating for the stock [10][11] Group 3: Fixed Income Market Analysis - The report indicates that convertible bond valuations are becoming increasingly bubble-like, with lower cost-effectiveness for investors. However, the long-term bullish trend in equities remains intact, suggesting potential upward movement in convertible bond valuations [14] - The report emphasizes the importance of focusing on sectors with sustained growth and high earnings realization, particularly in AI technology and commodities, while advising caution regarding high-risk convertible bonds [14][16] - In January, the convertible bond market saw a slight increase in issuance, with a total of 57.8 billion RMB in new bonds, reflecting a mixed demand from various investor types [16]

Investment Rating - The report maintains an "Overweight" rating for the transportation industry [7] Core Views - The report highlights three main investment themes for February: aviation, oil shipping, and road transportation, driven by the Spring Festival travel peak and geopolitical factors [1][2][3] - The aviation sector is expected to benefit from improved supply-demand dynamics, with a focus on major airlines [1][2] - Oil shipping is anticipated to see price increases due to geopolitical tensions affecting supply [1][3] - The road transportation sector is viewed as a stable dividend asset amid market volatility, with specific recommendations for certain stocks [1][5] Aviation - The passenger load factor for 2025 is projected to rise to 85.1%, with ticket prices showing a mixed trend [2][14] - The Spring Festival is expected to catalyze stock price movements, with a forecast of 95 million passengers during the travel period, a 5.3% increase year-on-year [16][28] - The report notes that fuel price increases are manageable, as fuel surcharges can cover most cost increases [20][21] Oil Shipping - In January, oil shipping rates continued to strengthen due to increased demand from geopolitical tensions in Venezuela and Iran [3][34] - The report indicates that oil shipping rates are expected to rise further post-Spring Festival, despite a potential short-term dip during the holiday season [34][36] Logistics - The express delivery sector is experiencing a slowdown in volume growth, while prices remain stable [4] - There are signs of recovery in the hazardous materials logistics sector, driven by improved supply-demand dynamics in the upstream chemical industry [4] Road Transportation - The road transportation sector is characterized by high demand for both passenger and freight services, with a notable increase in short-distance travel during the Spring Festival [5][28] - The report recommends specific stocks in the road sector, highlighting their potential for stable returns amid market fluctuations [1][5] Airport Operations - The report emphasizes the steady growth in passenger throughput at listed airports, with international routes contributing significantly to this growth [28] - It also notes that new capacity coming online may impact profitability, particularly for airports undergoing capital expenditure cycles [28][33]

Group 1 - The aviation and airport sector experienced a significant increase of 5.9% on February 4, with Huaxia Airlines leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the aviation sector showed notable price increases, with Huaxia Airlines rising by 10.02% to a closing price of 11.53, and China Eastern Airlines increasing by 9.98% to 6.28 [1] Group 2 - The net inflow of main funds in the aviation and airport sector was 796 million yuan, while retail funds saw a net outflow of 396 million yuan [1] - Major stocks like Hainan Airlines and China Eastern Airlines had varying levels of net fund inflow and outflow, with Hainan Airlines seeing a net inflow of 336 million yuan from main funds [2] - Retail investors showed a negative trend, with significant outflows from stocks such as China Eastern Airlines and China Southern Airlines, indicating a cautious sentiment among smaller investors [2]

2月4日，三大指数涨跌不一，截至收盘，上证指数涨0.85%，深证成指涨0.21%，创业板指跌0.4%，科创50跌1.2%。两市超过3100只股票飘红，两市成交额 约2.48万亿元。 消息面上，上海市启动首批收购二手住房用于保障性租赁住房项目试点，聚焦浦东新区、静安区、徐汇区的小户型二手房源。机构认为，上海二手房收储试 点是积极举措，有助于缓解供给压力。此外，二手房市场率先回暖显示"小阳春"行情提前显现，核心城市韧性凸显，可能推动房企去库存和业绩改善。 机场航运概念走强，中国东航（600115.SH）、华夏航空（002928.SZ）涨停10%，南方航空（600029.SH）、中国国航（601111.SH）涨幅居前。 消息面上，近日全国春运电视电话会议预计，2026年春运跨区域人员流动量将达95亿人次，同比增长约5.3%，或将再创历史新高。 跌幅榜上，黄金、商业航天等概念走弱，臻镭科技（688270.SH）跌9.79%，四川黄金（001337.SZ）跌近9%，航天动力（600343.SH）跌4.81%。 AI应用、AI算力等人气板块亦走弱，壹网壹创（300792.SZ）跌8.57%，新易盛（300502.SZ）跌 ...

深圳机场联合航空公司新开深圳—铜仁航线，加密白山、沈阳、哈尔滨、大理、武汉、太原等多条航 线，覆盖东北、西南、华中、华北等多个出行方向，国际方面重点加密东南亚方向航线，为旅客旅游度 假提供出行优选。 中国民航网 通讯员刘韶滨、邝颖瑄 报道：春运首日，深圳机场"热气腾腾"，航站楼"换上新装"，处处 洋溢着"以梦为马，福运同行"的主题；出发大厅客流量比平日已明显增加，旅客们"大包小包"或早早踏 上返乡之旅，或外出旅游，一路欢声笑语；以"共赴騏骥年"为主题的楹联文化活动如约而至，书法大师 泼墨挥毫，送上"文化年货"，活泼的"大湾鸡"人偶与小朋友们俏皮互动，深圳少年警营交警乐团文艺先 锋队、深圳机场"地坪线"乐队、深圳机场音舞协会带来精彩表演。共同汇成了温暖的"春运图景"。 今年春运将迎来"史上最长春节假期"，务工流、探亲流与旅游流深度叠加，为航空出行市场注入强劲动 力，深圳机场客流量与航班量均有望创下历年新高。根据预测，深圳机场春运期间日均运送旅客有望超 过19.5万人次，日均航班量超过1250架次。 2月19日至2月25日（大年初三到大年初九）期间为旅客量高峰阶段，日均进出港旅客量预计达到20.5万 人次；2月2 ...