| 3 月金股组合 | | | --- | --- | | 股票代码 | 股票名称 | | 0119.HK | 保利置业集团 | | 000099.SZ | 中信海直 | | 601872.SH | 招商轮船 | | 600352.SH | 浙江龙盛 | | 002409.SZ | 雅克科技 | | 002709.SZ | 天赐材料 | | 300760.SZ | 迈瑞医疗 | | 605338.SH | 巴比食品 | | 1579.HK | 颐海国际 | | 601888.SH | 中国中免 | | 689009.SH | 九号公司-WD | | 688630.SH | 芯碁微装 | | 市场指数 | | | | --- | --- | --- | | 指数名称 | 收盘价 | 涨跌% | | 上证综指 | 4182.59 | 0.47 | | 深证成指 | 14465.79 | (0.20) | | 沪深 300 | 4728.67 | 0.38 | | 中小 100 | 8847.90 | 0.14 | | 创业板指 | 3294.16 | (0.49) | 证券研究报告——晨会聚焦 2026 年 3 ...

Investment Rating - The report rates the transportation industry as "Outperform" [2] Core Insights - The military strike by the US against Iran and the closure of the Strait of Hormuz have profound impacts on the global oil transportation market, potentially leading to supply chain disruptions and increased oil transportation costs [3][15] - Tesla's Cybercab, designed for fully autonomous driving, has been launched, marking a significant step towards the original dedicated era of Robotaxi services [3][17] - A strategic partnership between Youjia Innovation, Didi, and Wall Street Technology aims to advance the large-scale deployment of driverless logistics vehicles, filling a market gap for vehicle-grade autonomous logistics [3][32] - The pre-sale ticket prices for economy class flights during the 2026 Spring Festival have shown a year-on-year increase, indicating stable industry performance as demand is released [3][34] - Uber has launched the Uber Air service supported by Joby, integrating ground and air travel booking, which validates the commercial viability of eVTOL [3][41] Industry Dynamics - The Baltic Air Freight Price Index has decreased month-on-month and year-on-year, while domestic air freight flights have seen a decline [4][44] - The shipping and port sector has experienced an increase in domestic shipping rates, while dry bulk freight rates have also risen [4][52] - The express logistics sector reported a 2.30% year-on-year increase in business volume and a 0.70% increase in revenue as of December 2025 [4] - The average number of international flights operated daily in the last week of February 2026 was 1992.86, reflecting a month-on-month increase of 3.73% and a year-on-year increase of 19.22% [4] - The number of trucks passing through national highways decreased by 40.04% from February 9 to February 15 [4] Investment Recommendations - Focus on opportunities in the shipping sector, particularly oil transportation, dry bulk, and container shipping due to geopolitical tensions, with recommendations for China Merchants Energy Shipping and COSCO Shipping [5] - Consider investments in low-altitude economy and autonomous driving sectors, recommending CITIC Offshore Helicopter and monitoring Cao Cao Mobility [5] - Explore investment opportunities in the travel sector driven by increased demand during the Spring Festival, recommending Air China, China Southern Airlines, and China Eastern Airlines [5] - Look into international market expansion opportunities in express logistics, recommending SF Express and Jitu Express [5] - Pay attention to investment opportunities in the highway sector, recommending Sichuan Chengyu Expressway and other major expressway companies [5]

智通财经记者 | 陈怡轩 2月12日，一架满载纺织布匹与机械部件的空客A330-200P2F客改货机从重庆江北机场启航，飞往南 亚。这架货机于1月7日投入机队，并于2026年1月30日国内首航，曾搭载新疆牛羊肉往返于乌鲁木齐与 北京。 对于空客而言，这架货机背后代表了一个重要的新客户——京东航空。据悉，该货机是京东航空货机机 队的第12架飞机，也是首架空客A330宽体客改货机，此前以波音737-800改装全货机为主。 2025年初，空客团队开始与京东接洽宽体货机引入项目。空客全球副总裁、空客中国商务负责人王璀表 示，双方共同完成了定制化商务条款解决方案、租赁协议协同及国际化资源对接。通常情况下，引进一 架宽体飞机需耗时一年多，但这次前后只用了五个月。 "近几年，空客货机在内地市场逐渐实现从0到1，从无到有的突破。"王璀指出。去年11月，6架空客 A350F货机获得最新一笔国内航司订单，买家是国货航。 空客方面告诉智通财经，目前空客在国内航司货机机队中的市场份额正持续提升。空客A350F买家除国 货航外，还有国泰和星宇航空；A330客改货机也已逐渐成为国货航、川航、江西货航的主力机型。 作为京东航空机队首款宽体 ...

Core Viewpoint - China International Cargo Airlines Co., Ltd. has shown a significant increase in revenue and net profit, indicating strong growth potential in the air logistics sector [2]. Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 16.636 billion yuan, representing a year-on-year growth of 16.92% [2]. - The net profit attributable to shareholders reached 1.836 billion yuan, marking a substantial year-on-year increase of 66.21% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 17.77% to 135,000, while the average circulating shares per person increased by 21.60% to 6,362 shares [2]. - The company has distributed a total of 794 million yuan in dividends since its A-share listing [3]. Stock Market Activity - On February 9, the stock price of China International Cargo Airlines rose by 0.17%, with a trading volume of 126 million yuan [1]. - The financing buy-in amount for the day was 10.8762 million yuan, while the financing repayment was 14.844 million yuan, resulting in a net financing outflow of 3.9678 million yuan [1]. - The total balance of margin trading and securities lending stood at 257 million yuan, with the financing balance accounting for 2.80% of the circulating market value, which is below the 30th percentile level over the past year [1]. Institutional Holdings - As of September 30, 2025, the largest circulating shareholder is Huatai-PB CSI 300 ETF, holding 14.4426 million shares, an increase of 126,700 shares compared to the previous period [3]. - The second-largest shareholder is E Fund CSI 300 ETF, with 10.5164 million shares, which decreased by 362,000 shares [3].

Group 1 - The company announced the appointment of a new Chief Pilot, Mr. Xin Hang, following a resolution passed by the board of directors during its eighth meeting of the second session [2] - The appointment was proposed by the company's president, Mr. Li Jun, and approved by the board's nomination committee after a qualification review [2] - Mr. Xin Hang's term will last from the date of the board's approval until the end of the current board's term [2]

Group 1 - The company, Guohang, announced that its second session of the eighth board meeting will be held on February 6, 2026, in Shunyi District, Beijing, combining in-person and remote voting methods [1] - The meeting will review the proposal regarding the 2026 annual major operational risk prediction and assessment report [1]

Group 1 - The company announced that it will hold the eighth meeting of the second board of directors on February 6, 2026, to review the proposal for the appointment of a chief pilot [1] - The appointment of Mr. Xin Hang as the chief pilot has been approved, based on the nomination by President Li Jun and the qualification review by the board's nomination committee [1] - The term of the newly appointed chief pilot will last until the end of the current board's term [1]

证券代码：001391 证券简称：国货航 公告编号：2026-004 中国国际货运航空股份有限公司 关于聘任高级管理人员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 中国国际货运航空股份有限公司（以下简称"国货航"、 "公司"）于 2026 年 2 月 6 日召开第二届董事会第八次会议， 审议通过了《关于聘任总飞行师的议案》。因公司日常经营 管理工作的需要，根据《公司法》《深圳证券交易所上市公 司自律监管指引第 1 号——主板上市公司规范运作》等相关 法律法规和《公司章程》的规定，经公司总裁李军先生提名， 并经董事会提名委员会资格审查通过，同意聘任辛杭先生为 公司总飞行师（简历详见附件），任期自董事会审议通过之 日起至第二届董事会届满之日止。 特此公告。 中国国际货运航空股份有限公司董事会 2026 年 2 月 7 日 2 1 附件： 辛杭先生简历 辛杭先生：1975 年 8 月出生，大学本科学历、一级飞行 员。曾任国货航飞行运行技术管理部副总经理（主持工作）、 总经理，飞行部党委书记、副总经理等职，现任国货航飞行 部总经理、党委副书记。 截至本公告 ...

证券代码：001391 证券简称：国货航 公告编号：2026-003 中国国际货运航空股份有限公司 第二届董事会第八次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中国国际货运航空股份有限公司（以下简称"国货航"、 "公司"）第二届董事会第八次会议（以下简称"本次会议"） 于 2026 年 2 月 6 日在北京市顺义区天柱路 29 号院公司会议 室以现场结合通讯表决方式召开，会议通知已于 2026 年 1 月 29 日以电子邮件方式送达全体董事。本次会议应出席董 事 15 人，实际出席董事 15 人（其中，李军董事、李萌董事、 祝继高独立董事及陆涛职工董事通过现场方式出席会议，其 余董事以通讯方式出席。有 3 位董事因另有公务，委托其他 董事出席会议并表决，分别为陈松董事长委托李军董事代为 出席会议并表决，邓健荣董事委托郑家驹董事代为出席并表 决，熊伟董事委托李萌董事代为出席会议并表决）。经过半 数董事推举，会议由董事、总裁李军先生主持。公司部分高 级管理人员列席本次会议。本次会议的召开符合《中华人民 共和国公司法》等法 ...

Core Viewpoint - The logistics sector experienced a rise of 1.86% on February 4, with Tian Shun Co. leading the gains, while the overall market indices also showed positive movement [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4102.2, up by 0.85% [1]. - The Shenzhen Component Index closed at 14156.27, increasing by 0.21% [1]. Group 2: Top Gainers in Logistics Sector - Tian Shun Co. (002800) closed at 17.89, with a gain of 5.92% and a trading volume of 94,000 shares, amounting to a transaction value of 167 million yuan [1]. - ST Xuefa (002485) closed at 4.24, up by 4.95% with a trading volume of 50,400 shares [1]. - Milkewei (603713) closed at 63.10, increasing by 3.73% with a trading volume of 26,600 shares [1]. - YTO Express (600233) closed at 17.70, up by 3.69% with a trading volume of 197,100 shares [1]. - Jianfa Co. (600153) closed at 69.6, gaining 3.53% with a trading volume of 319,100 shares [1]. Group 3: Fund Flow in Logistics Sector - The logistics sector saw a net inflow of 172 million yuan from institutional investors, while retail investors experienced a net outflow of 70.86 million yuan [2]. - Major stocks like SF Holding (002352) had a net inflow of 165 million yuan from institutional investors, but a net outflow of 16.95 million yuan from retail investors [3]. - Jianfa Co. (600153) had a net inflow of 52.36 million yuan from institutional investors, with a net outflow of 36.65 million yuan from retail investors [3].