证券代码：601021 证券简称：春秋航空 公告编号：2025-042 春秋航空股份有限公司 关于股份回购实施结果暨股份变动的公告 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。 重要内容提示： | 回购方案首次披露日 | 2024/11/6 | | | | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 年 6 日~2025 年 8 月 | 11 | 月 | 22 日 | | 预计回购金额 | 15,000万元~30,000万元 | | | | | 回购价格上限 | 59.1842元/股 | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | 实际回购股数 | □为维护公司价值及股东权益 5,787,255股 | | | | | 实际回购股数占总股本比例 | 0.5915% | | | | | 实际回购金额 | 299,946,510.69元 | | | | | 实际回购价格区间 | 48.25元/股~55. ...

Market Overview - On August 22, the aviation and airport sector declined by 0.92%, with China Eastern Airlines leading the drop [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with notable declines in several major companies: - China Eastern Airlines (code: 600115) closed at 4.08, down 1.69% with a trading volume of 952,200 shares and a turnover of 389 million yuan [2] - China Southern Airlines (code: 600029) closed at 5.88, down 1.34% with a trading volume of 951,400 shares and a turnover of 558 million yuan [2] - Spring Airlines (code: 601021) closed at 52.70, down 1.42% with a trading volume of 81,200 shares and a turnover of 427 million yuan [2] Capital Flow - The aviation and airport sector experienced a net outflow of 178 million yuan from institutional investors, while retail investors saw a net inflow of 191 million yuan [2] - The capital flow for individual stocks indicated that: - CITIC Hainan Airlines (code: 6600000) had a net inflow of 42.84 million yuan from institutional investors [3] - Shenzhen Airport (code: 000089) had a net inflow of 41.85 million yuan from institutional investors [3] - China Eastern Airlines saw a net outflow of 14.21 million yuan from institutional investors [3]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 6600000 | 中信海直 | 23.45 | -1.55% | 25.13万 | 5.94亿 | | 601111 | 中国国航 | 7.52 | -0.13% | 70.34万 | 5.31亿 | | 600115 | 中国东航 | 4.15 | 0.00% | 76.01万 | 3.16亿 | | 600029 | 南方航空 | 5.96 | 0.17% | 54.18万 | 3.24亿 | | 000089 | 深圳机场 | 7.21 | 0.28% | 29.20万 | 2.11亿 | | 600009 | 上海机场 | 32.47 | 0.56% | 15.58万 | 5.06亿 | | 603885 | 吉祥航空 | 12.82 | 0.63% | 17.74万 | 2.27亿 | | 601021 | 春秋航空 | 53.46 | 0.94% | 5.40万 | 2.88亿 | | 002928 | 华夏航空 | 9.14 | 0 ...

Core Insights - Xiamen Airlines and Spring Airlines have launched cargo services in the belly hold of passenger flights from Tianjin to Japan, indicating a growing demand for air cargo in this region [1][2] - The Tianjin Binhai Airport has established a closed-loop cooperation platform among airlines, the airport, and cargo owners to enhance cargo logistics efficiency and meet increasing transportation needs [2] - The new cargo services are expected to facilitate trade between Tianjin and Japan, with a projected import and export total of 42.37 billion yuan in 2024 [2] Group 1 - Xiamen Airlines has initiated belly hold cargo operations on its Tianjin-Tokyo route, with two flights per week carrying approximately 1 ton of international cargo [1] - Spring Airlines has expanded its cargo services on the Tianjin-Osaka route, now offering four flights per week, with plans to increase to daily flights starting September 10 [1] - The introduction of these cargo services is part of a broader strategy to enhance Tianjin's international air logistics network, particularly towards Japan [1][2] Group 2 - Tianjin Binhai Airport has identified a significant growth trend in air transport demand towards Japan, which current flight capacities cannot fully satisfy [2] - The airport has engaged with logistics companies to optimize the use of belly hold space on passenger flights, alleviating capacity constraints and attracting more cargo to Tianjin [2] - The airport's logistics departments have improved communication and collaboration to ensure efficient cargo handling and service quality [2][3] Group 3 - Tianjin Binhai Airport aims to establish itself as a Chinese international air logistics center, currently operating 62 flights per week to Japan and South Korea, providing around 1,500 tons of available cargo capacity [3] - The airport operates 14 dedicated freighter flights weekly, primarily using wide-body aircraft such as Boeing 747F and 767F [3]

Market Overview - The Shanghai Composite Index is at 3777.53 points, above the annual line, with a change of 0.30% [1] - The total trading volume of A-shares today is 1,949.327 billion yuan [1] Stocks Breaking Annual Line - A total of 28 A-shares have broken above the annual line today [1] - Notable stocks with significant deviation rates include: - Meihua Medical: 13.20% - Changhong Meiling: 3.88% - Kangle Weishi: 3.73% [1] Stocks with Minor Deviations - Stocks with smaller deviation rates that have just crossed the annual line include: - Spring Airlines: 0.02% - Qingdao Port: 0.07% - Shanghai Pharmaceuticals: 0.08% [2] Performance of Selected Stocks - Meihua Medical shows a daily increase of 16.34% with a turnover rate of 29.76% [1] - Changhong Meiling has increased by 5.74% with a turnover rate of 6.32% [1] - Kangle Weishi has risen by 3.83% with a turnover rate of 3.18% [1] Additional Notable Stocks - Other stocks with notable performance include: - Mindray Medical: 4.41% increase, 1.15% turnover [1] - CNOOC Services: 2.70% increase, 0.67% turnover [1] - Qifeng New Materials: 4.08% increase, 4.75% turnover [1]

Group 1 - The A-share market showed mixed performance on August 21, 2025, with the transportation ETF (159666) rising by 0.59%, indicating strong momentum in the sector [1] - In the first seven months of this year, fixed asset investment in rural roads reached 206.24 billion yuan, with 51% of the annual target already completed through the construction of 51,000 kilometers of new and renovated rural roads [1] - During the "14th Five-Year Plan" period, a total of 716,000 kilometers of rural roads are planned to be newly constructed or renovated, resulting in a total length of 4.644 million kilometers, which is a 6% increase compared to the end of the "13th Five-Year Plan" [1] Group 2 - Dongxing Securities believes that the highway sector will benefit from a long-term interest rate cut cycle due to its stable performance and high dividend willingness, suggesting a strong outlook for the sector [1] - The transportation ETF (159666) and its linked funds (019405/019404) are the only ETFs tracking the CSI All-Transportation Index, reflecting the overall performance of listed companies in the A-share transportation industry, including logistics, railways, highways, shipping ports, and airports [1] - Companies within the transportation sector are characterized by high dividends, low valuations, and stable performance, making them attractive investment opportunities [1]

Core Viewpoint - Spring Airlines has seen a continuous net buying trend in financing activities, indicating positive investor sentiment towards the company [1][4]. Financing Activities - On August 20, 2025, Spring Airlines had a financing buy-in of 17.64 million yuan and a financing repayment of 16.17 million yuan, resulting in a net financing buy of 1.48 million yuan [1]. - The financing balance stood at 461 million yuan, with a cumulative net buy of 29.45 million yuan over the last three trading days [1]. - In the last 20 trading days, there were 14 days with net financing buy activities [1]. Margin Trading Data - On August 20, 2025, the margin trading balance was 466 million yuan, reflecting an increase of 1.85 million yuan or 0.40% from the previous day [4]. - The margin trading balance has shown a consistent upward trend over the past few days, with notable increases on August 19 and August 18 [4]. Short Selling Activities - On August 20, 2025, there were 8,000 shares sold short, with 1,200 shares repaid, resulting in a net short sale of 6,800 shares [2]. - The short selling balance was recorded at 9,470 shares, with a corresponding short selling balance of 5.02 million yuan [3].

Core Viewpoint - The article highlights the successful integration of vocational education and industry practice through the collaboration between Shanghai Civil Aviation Vocational College and Spring Airlines, exemplified by the experience of teacher Wu Jianghua, who transitioned from teaching to practical training in the aviation sector [1][12]. Group 1: Collaboration and Training Initiatives - The modern apprenticeship pilot project between the Civil Aviation Vocational College and Spring Airlines officially started in February 2024, with Wu Jianghua serving as both project leader and a mentor for the 2023 apprentice class [3]. - Wu Jianghua participated in nearly 400 hours of intensive training alongside students, covering essential topics such as aviation regulations, aircraft equipment, and safety protocols, culminating in the successful completion of over 30 rigorous assessments [3][4]. Group 2: Practical Experience and Skill Development - After completing ground training, Wu Jianghua advanced to the flight operation phase, where she actively participated in flight duties, ensuring meticulous attention to detail in safety checks and service procedures [5]. - During her time in the air, she completed 20 flight segments and over 50 hours of flight tasks, demonstrating exceptional professional skills and practical abilities [5]. Group 3: Impact on Vocational Education - Wu Jianghua's experience represents a significant shift towards the "integration of knowledge and action" in vocational education, allowing her to bring real-world practices back to the classroom, thereby enhancing the collaboration between educational institutions and the aviation industry [12]. - This journey has provided valuable insights into transforming theoretical knowledge into practical skills, offering a replicable model for training "dual-qualified" teachers in vocational education [12].

证券之星消息，8月20日航空机场板块较上一交易日上涨0.94%，中国东航领涨。当日上证指数报收于 3766.21，上涨1.04%。深证成指报收于11926.74，上涨0.89%。航空机场板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600115 | 中国东航 | 4.15 | 1.97% | 94.84万 | 3.89 Z | | 600004 | 白云机场 | 9.70 | 1.89% | 19.70万 | 1.89亿 | | 000099 | 中信海直 | 23.82 | 1.36% | 29.77万 | 7.05亿 | | 600009 | 上海机场 | 32.29 | 1.32% | 14.23万 | 4.56亿 | | 000089 | 深圳机场 | 7.19 | 1.27% | 21.62万 | 1.54亿 | | 002928 | 华夏航空 | 9.05 | 1.12% | 14.47万 | 1.30亿 | | 600029 | 南方航空 | 5.95 | ...

智通财经APP获悉，东兴证券发布研报称，7月上市公司整体客座率较去年同期提升约0.6pct，但环比6 月则下降1.0pct。今年年初以来航司客座率整体高于去年同期，但7月旺季客座率增幅收窄至0.6pct，叠 加旺季客座率反而环比走低，说明今年旺季需求端或弱于航司的预期。国际航线方面，7月客座率环比6 月基本持平，较去年同期也持平，客座率维持稳定。此外，8月14日，由中国航空运输协会牵头编制的 《中国航空运输协会航空客运自律公约》正式发布，预计公约的出台短期将有效遏制市场乱象、规范经 营行为，对行业的票价水平会有一定提振作用。 东兴证券主要观点如下： 国内航线：客座率表现低于预期，需求端偏弱 7月上市公司国内航线运力投放同比提升2.3%，环比6月提升约20.5%。行业进入旺季，运力投放环比提 升较为明显，但从同比角度考虑，增速并不算很高。大航中，南航与东航运力投放同比增长较明显，分 别为5.5%和4.9%，国航与海航则分别下降0.4%和1.1%。环比看，海航、南航、东航与国航运力投放环 比分别增长24.3%、23.0%、19.6%和18.4%。中型航司方面，春秋与吉祥运力投放同比分别为增长5.7% 和下降8.3 ...