证券代码：601021 证券简称：春秋航空 公告编号：2025-016 春秋航空股份有限公司 2024 年度募集资金存放与实际使用情况的专项报告 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。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集资金管 理和使用的监管要求》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》以 及《上海证券交易所上市公司自律监管指南第 1 号——公告格式》的相关规定，现将春秋 航空股份有限公司（以下简称"春秋航空"或"公司"）2024 年度募集资金存放与使用 情况作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额与资金到账情况 经中国证券监督管理委员会《关于核准春秋航空股份有限公司非公开发行股票的批复》 （证监许可[2022]300 号）的核准，春秋航空本次非公开发行 A 股股票 62,086,092 股，发 行价格为每股人民币 48.32 元，募集资金总额为人民币 2,999,999,965 元。扣除各项交易费 用（不含税）后，募集资金净额为人民币 2, ...

Group 1 - Porsche China clarified that the statements regarding stopping electric vehicle sales and not considering Xiaomi as a competitor were misinterpretations, emphasizing their commitment to electric vehicle development and local solutions [1] - Nvidia denied reports about establishing a joint venture in China, stating that such claims are unfounded and irresponsible [1] - Walmart has reversed its stance on Chinese suppliers, now absorbing tariffs and requesting suppliers to resume shipments due to inventory pressures [1] Group 2 - Elon Musk announced that Grok 3.5, an AI capable of answering complex technical questions, will be released to SuperGrok subscribers next week [2] - Alibaba has open-sourced its new Qwen3 model, which integrates fast and deep reasoning capabilities, significantly reducing costs [3] - Major chip companies like Nvidia, Qualcomm, MediaTek, and AMD have quickly adapted to the new Qwen3 model following its open-source release [4] Group 3 - Tencent has restructured its research and development system for large models, creating new departments focused on language and multimodal models [5] - IBM plans to invest $150 billion over the next five years, with $30 billion allocated specifically for quantum computing advancements [7] - CEOs from Nvidia, Johnson & Johnson, and Eli Lilly are expected to visit the White House to discuss U.S. investment projects [8] Group 4 - Vivo's X200 Ultra saw a record-breaking pre-sale, achieving 148% of the previous model's sales on its first day [9] - TCL plans to transition LGD's Guangzhou factory to normal operations within three months after its acquisition [9] - NIO announced the completion of a battery swap network across all counties in Guangdong, enhancing its service coverage [14] Group 5 - Morgan Stanley appointed Du Feng as Vice Chairman for the Asia-Pacific region, indicating a strengthened focus on the Chinese market [17] - Wang Haihe has been elected as the new chairman of Guohai Securities, succeeding He Chunmei [18] - Huang Yanming has officially taken over as the head of the research institute at Dongfang Securities after a brief transition period [19] Group 6 - Luckin Coffee faced scrutiny for varying prices based on customer profiles, with customer service stating that different discounts lead to price discrepancies [20] - The IPO of "Hushang Auntie" in Hong Kong has seen an oversubscription of nearly 352 times, indicating strong investor interest [20] - Haidilao reported over 25,000 table reservations for the first day of the May Day holiday, reflecting a surge in consumer demand [21] Group 7 - United Imaging's DSA device has received FDA approval, marking a significant milestone as the first domestic DSA device to enter the U.S. market [22] - Yong'an Pharmaceutical refuted rumors regarding a dramatic increase in taurine prices, urging investors to rely on official announcements [23] Group 8 - Gree Real Estate has changed its name to Zhuhai Zhuhai Free Trade Group Co., Ltd., shifting its focus from real estate to duty-free business [24] - Sinopec reported a 69.9% year-on-year decline in investment income, attributing losses to derivative accounting and joint venture performance [25] Group 9 - The top five A-share gaming companies reported a total revenue exceeding 57 billion yuan for 2024, with Century Huatong leading at over 22 billion yuan [27] - Spring Airlines reported a net profit of 677 million yuan for Q1 2025, a decrease of 16.39% year-on-year [28] Group 10 - SF Express increased its registered capital from 200 million to 1 billion yuan, indicating growth and expansion plans [29]

Group 1 - The company plans to publicly issue bonds with a face value of 100 yuan, totaling no more than 2 billion yuan [1] - The bond term will not exceed 5 years, with specific types and term structures to be determined based on market conditions [1] - The raised funds will be used for supplementing working capital, repaying interest-bearing liabilities, purchasing fixed assets, or other compliant purposes [1]

《中国民航报》、中国民航网 记者胡夕姮 报道：在春秋航空的机坪上，29岁的飞机维修工程师申加明 手持工具，专注地检查着一架飞机的机翼。从基层学员到技术骨干，他用七年时间完成职业蜕变，凭借 精湛的技艺和团队协作精神，成为公司维修团队中公认的"技术明星"，为每一架航班的安全翱翔筑牢防 线。 2018年10月，入职不久的申加明以黑马之姿闯入春秋航空第十一届青工比武决赛。面对经验丰富的对 手，他凭借扎实的理论功底与稳定的实操表现，与团队默契配合摘下桂冠，"一战成名"。这次胜利不仅 展现了个人实力，更让他深刻领悟了"技术为骨、协作为魂"的行业真谛。 今年4月上旬的一天晚上，一架飞机在航后检查中查出缝翼存在异物隐患。众人先是配合成功拆下缝 翼，随后小心翼翼地用内窥镜探测出异物的准确方位。但此时，孔探人员已出发去执行其他任务，无法 立即返回。航班运行迫在眉睫，申加明当机立断，一边联系孔探，人员并向维修控制处MCC说明情 况，一边带领同组维修人员在不损伤缝翼的情况下自行尝试。经过不懈努力和精密操作，团队终于成功 取出异物，化解了跨专业协作的技术瓶颈，保障了航班的准时起降。类似案例不胜枚举——维修之路 上，从主导飞机关键部件更 ...

Investment Rating - The transportation industry is rated as "Outperform" [2] Core Insights - Antong Holdings reported a significant increase in net profit of 371.53% year-on-year for Q1 2025, with total revenue reaching 2.042 billion yuan, up 26.35% [3][14] - Air China announced its capacity deployment plan for the summer and autumn of 2025, with Guangzhou Baiyun Airport achieving over 5 million inbound and outbound passengers 26 days earlier than in 2024 [3][16] - Shentong Express reported a net profit growth of over 200% for 2024, with the number of A-level logistics companies in China surpassing 10,000 [3][22] Summary by Sections 1. Industry Hot Events - Antong Holdings' Q1 2025 report shows a net profit increase of 371.53%, driven by improved operational efficiency and freight rates [14] - Air China's summer and autumn capacity plan includes new international routes and a significant increase in passenger traffic at Guangzhou Baiyun Airport [16][17] - Shentong Express achieved a record net profit growth of 205.24% in 2024, reflecting strong performance in the logistics sector [22][23] 2. Industry High-Frequency Data Tracking - Air freight prices from China to the Asia-Pacific region remained stable in early April 2025, with various indices showing slight fluctuations [26][27] - Domestic freight volume in March 2025 increased by 20.30% year-on-year, with total express business revenue reaching 124.6 billion yuan [52] - The number of A-level logistics companies in China has exceeded 10,000, indicating significant growth in the logistics industry [25] 3. Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping, China Merchants Energy, and Huamao Logistics [5] - Consider investment opportunities in the low-altitude economy, recommending CITIC Offshore Helicopter [5] - Explore investment opportunities in the cruise and ferry sectors, recommending Bohai Ferry and Straits Shares [5] - Pay attention to e-commerce and express delivery opportunities, recommending SF Express, Jitu Express, and Yunda Express [5] - Look into investment opportunities in the aviation sector, recommending China National Aviation, Southern Airlines, Spring Airlines, and others [5]

Core Insights - The transportation sector, represented by the CSI All Share Transportation Index, has shown a slight increase of 0.13% as of April 29, 2025, with notable gains from stocks like Longjiang Transportation and Wuchan Zhongda [3][4] - The Transportation ETF (159666) has experienced a 4.07% increase over the past year, with a current price of 0.95 yuan [3][4] - The ETF's net asset value has risen by 4.32% in the last year, with a maximum monthly return of 15.82% since its inception [3][4] Performance Metrics - The Transportation ETF has a year-to-date maximum drawdown of 7.56%, with a tracking error of 0.006% over the past three months [4] - The management fee for the ETF is 0.50%, and the custody fee is 0.10% [4] - The current price-to-earnings ratio (PE-TTM) for the index is 15.13, indicating a valuation lower than 93.56% of the time over the past year [4] Top Holdings - As of March 31, 2025, the top ten weighted stocks in the CSI All Share Transportation Index account for 49.96% of the index, with SF Express and Beijing-Shanghai High-Speed Railway being the largest components [5][7] - The top ten stocks include major players in logistics, rail, and aviation sectors, reflecting the overall performance of the transportation industry [5][7]

基金密集调研跨境电商 今年以来，国内政策持续支持跨境电商行业的繁荣发展，鼓励出海公司在外贸业务扩展多元化路径，着 力在跨境电子商务B2B（企业对企业）方式相关环节的技术标准、业务流程、监管模式和信息化建设等 方面探索创新，这无疑成为公募基金布局跨境电商赛道的重大政策支持。 基金经理在跨境电商赛道看中了"卖铲子"的海外仓业务。 海外仓是指跨境电商企业建立在海外的仓储设施，在跨境贸易电子商务中，一个国家可将该国企业商品 通过大宗运输的形式运往目标市场国家，并在当地建立仓库、储存商品，然后再根据当地的销售订单， 直接从当地仓库进行商品的分拣、发货等操作，既具有减少单件包裹在运输、清关等方面的风险，同时 还具有低成本的物流和税收优势。 随着美国加征所谓"对等关税"以及小额包裹豁免取消等因素对商品出海的影响，具有成本优势的海外仓 因低风险、低成本的本地发货优势，成为基金经理布局跨境电商的核心对象。 长城基金、国联基金、汇添富基金重仓的焦点科技（002315）也在美国布局了海外仓业务。公司此前表 示，在美国洛杉矶搭建了一个近两万平方米的海外仓，并计划以此为支点在北美形成海外仓网络，满足 跨境卖家的多点配货需求。焦点科技海 ...

Core Points - Spring Airlines has officially launched a direct flight route from Yangzhou to Osaka, enhancing travel options for passengers and promoting tourism between China and Japan [1][3][5] Group 1: Flight Details - The inaugural flight, designated as 9C6963, took off on April 26, carrying 145 passengers and operated by an A320 aircraft [1][3] - The new route will operate three times a week on Tuesdays, Thursdays, and Saturdays, with a flight duration of approximately 2.5 hours [3][5] Group 2: Economic and Cultural Impact - The launch coincides with the Yangzhou "Spring Festival" International Economic and Trade Tourism Festival, aiming to boost tourism during the upcoming May Day holiday and the Osaka World Expo [5] - The route is expected to attract more foreign tourists to Yangzhou and provide a new outbound travel option for local residents, facilitating a dual-city experience between Yangzhou and Osaka [5] Group 3: Operational Support - Yangzhou border inspection authorities have coordinated with airlines and airports to ensure efficient customs clearance for the new route, enhancing passenger flow and safety [6] - The border inspection station has reported a year-on-year increase in various entry and exit data, indicating a growing trend in cross-border travel [6]

Group 1: Oil Tanker Market - VLCC, Suez, and Aframax rates have all exceeded $50,000/day, indicating a potentially strong market despite the seasonal downturn [1] - VLCC rates increased by 15% to $51,289/day this week, driven by a relatively abundant cargo supply post-Easter [2] - Suezmax rates rose by 3% to $58,839/day, while Aframax rates decreased by 8% to $51,676/day, reflecting mixed performance across different vessel types [2] Group 2: Shipping and Logistics - The dry bulk index (BDI) increased by 8.9% to 1,373 points, with large vessel rates recovering while smaller vessel rates remain strong [2] - The SCFI index for container shipping fell by 1.7% to 1,347.84 points, with European routes seeing a 4.3% decline [2] - The logistics sector is expected to benefit from policy support aimed at optimizing costs, with major players likely to gain market share through pricing strategies [3] Group 3: Rail and Road Transport - Railway freight volume and highway truck traffic remain strong during the off-season, with a new railway project expected to enhance coal transportation capacity significantly [4] - The project aims to create a 15 million tons/year coal transport capacity, addressing logistical challenges in coal transportation from Xinjiang [4]

党员代表先后参观上海世界会客厅和中共二大会址，在跨越百年的红色印记中体悟初心使命。在二大会 址，讲解员通过珍贵史料与生动影像，还原党的统一战线政策发展历程。 上海监管局第五党支部书记陈俊飞强调，共建要以中央八项规定精神为标尺，推动"三个敬畏"教育与安 全监管同频共振。春秋航空运控中心党支部书记李俊在致辞中表示，支部将依托AOC党员示范岗，深 化"党建+安全"模式，让纪律意识融入航班监控、应急处置等关键环节。 《中国民航报》、中国民航网 记者胡夕姮 通讯员郭庆志 报道：近日，民航上海安全监督管理局第五党 支部与春秋航空运控中心党支部联合开展"学思想强党性共建战斗堡垒，重实践建新功同筑天路长城"主 题联学共建活动。双方党员代表通过学习中央八项规定、签订共建协议、深化党纪学习，推动党建与民 航安全监管、运行保障深度融合，为新时代民航高质量发展注入红色动能。 活动伊始，双方党支部举行共建协议签约仪式。协议以"资源共享、难题共解、安全共筑"为目标，明确 通过联合党课、业务研讨、作风监督等机制，将党建优势转化为保障民航安全的实践效能。 此次共建标志着双方迈入"党建引领、协同发展"新阶段。未来，两支部将围绕党纪学习教育、安 ...