Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The report highlights the strong growth in Southeast Asia's e-commerce logistics, particularly benefiting from TikTok Shop's significant GMV growth in Q2 2025, with increases of 93% in Thailand, 145% in Indonesia, 191% in Vietnam, 245% in the Philippines, 211% in Malaysia, and 30% in Singapore [4] - The report notes that the civil aviation sector is entering a peak travel season, with over 21.01 million domestic flight tickets booked in the first month of the summer travel period, indicating a 5.2% increase in flight numbers compared to the previous year [6][7] - The report emphasizes the ongoing demand resilience in the express delivery sector, with major players like SF Express and JD Logistics expected to benefit from cyclical recovery and cost reduction efforts [15] Summary by Sections Express Logistics - TikTok Shop's Q2 2025 GMV growth indicates a robust demand for Southeast Asian express delivery services, with Jitu's market share reaching 28.6% [4] - Shentong plans to deploy 2,000 unmanned vehicles in 2025 to enhance delivery capabilities [5] - JD Logistics has launched a self-developed VAN unmanned light truck, which can save approximately 60% in costs compared to traditional transport [5] Civil Aviation - The civil aviation sector is experiencing a peak in passenger flow, with a significant increase in ticket bookings and expected price hikes for popular routes [6] - The Civil Aviation Administration has established a leadership group to promote the development of general aviation and low-altitude economy [7] - The resumption of aircraft engine exports from the US to China signals a thaw in trade tensions [7] Shipping and Ports - OPEC+ plans to increase oil production by 548,000 barrels per day in August, aiming to regain market share [8] - China Shipbuilding's merger with China Shipbuilding Heavy Industry has been approved, indicating consolidation in the industry [9] - The Shanghai export container freight index has decreased by 5.3%, while oil tanker freight rates have also declined [10][11] Road and Rail - The report notes a slight decrease in toll revenue for Shenzhen Expressway in May, while the overall logistics operations remain stable [14] - National railway freight transport has shown a slight increase, indicating steady logistics performance [14] Overall Market Performance - The A-share transportation index decreased by 0.33% during the week, underperforming the Shanghai Composite Index, which increased by 1.40% [20] - The report provides a detailed breakdown of various sub-sectors, highlighting the performance of express delivery, aviation, shipping, and logistics [22][25][49][55]

各地各部门积极应对降雨天气。 今日摘要 上世纪80年代，时任厦门市委常委、常务副市长的习近平同志，牵头组织制定了一部纵跨15年的"厦门 发展战略"。它的成功实践所带来的诸多启示，对编制"十五五"规划有着重要意义。《新闻联播》推出 系列报道《"厦门发展战略"启示》，今天播出第一集《把顶层设计和问计于民统一起来》。 习近平总书记致全国青联十四届全委会和全国学联二十八大的贺信在广大青年中引发热烈反响。 韩正出席第十三届世界和平论坛开幕式并致辞。 全国夏粮收购进入高峰，截至目前，收购总量超5000万吨。 国务院新闻办举行新闻发布会，介绍中国人民抗日战争暨世界反法西斯战争胜利80周年主题展览和推出 优秀文艺作品、文艺活动有关情况。 俄罗斯称，打击乌克兰军工企业等目标。乌克兰称，摧毁俄军坦克、火炮系统等。 内容速览 "厦门发展战略"启示：把顶层设计和问计于民统一起来 目前，党中央正在组织起草"十五五"规划建议。科学谋划"十五五"时期经济社会发展，对于全面落实党 的二十大战略部署、推进中国式现代化意义重大。上世纪80年代，时任厦门市委常委、常务副市长的习 近平同志，历时一年半，牵头组织制定了《1985年—2000年厦门经济 ...

智通财经7月3日电，今天《新闻联播》主要内容有： 1、"厦门发展战略"启示：把顶层设计和问计于民统一起来； 2、勇担历史使命 奋力书写挺膺担当的青春篇章——习近平总书记致全国青联十四届全委会和全国学联 二十八大的贺信在广大青年中引发热烈反响； 3、韩正出席第十三届世界和平论坛开幕式并致辞； 4、全国夏粮收购进入高峰 收购总量超5000万吨； 5、国务院新闻办举行新闻发布会 介绍抗战胜利80周年主题展览和推出优秀文艺作品 文艺活动有关情 况； 6、今年前五个月软件业收入利润均实现两位数增长； 7、多地出现降雨天气 各地各部门积极应对； 8、国务院新闻办举行"新征程上的奋斗者"中外记者见面会； 9、"外媒看中国"采访活动走进青海； 10、《推进"空铁联运"高质量发展重点工作任务清单（2025—2027）》印发； 11、9部门公布推进高效办成"个转企"一件事指导意见； 12、全国总工会部署开展2025年工会送清凉工作； 13、北京口岸今年出入境人员突破1000万人次； 14、我国成功发射试验二十八号B星01星； 15、海军山东舰航母编队抵达香港开启访问活动； 16、宁夏中卫黑山峡黄河大桥主桥合龙； 17、俄称打击乌 ...

分析师：张刚 登记编码：S0730511010001 zhanggang@ccnew.com 021-50586990 晨会聚焦 资料来源：Wind,中原证券 -10% -4% 2% 7% 13% 19% 25% 30% 2024.07 2024.10 2025.03 2025.06 上证指数 深证成指 | 国内市场表现 | | | | | --- | --- | --- | --- | | 指数名称 | | 昨日收盘价 | 涨跌幅(%) | | 上证指数 | | 3,454.79 | -0.09 | | 深证成指 | | 10,412.63 | -0.61 | | 创业板指 | | 2,022.77 | -0.47 | | 沪深 | 300 | 3,943.68 | 0.02 | | 上证 | 50 | 2,443.97 | -0.52 | | 科创 | 50 | 891.46 | 0.14 | | 创业板 | 50 | 1,924.26 | -0.67 | | 中证 | 100 | 3,736.25 | 0.08 | | 中证 | 500 | 5,892.95 | -0.70 | | 中证 | 1000 ...

Group 1 - The construction of Hegang Luobei Airport in Heilongjiang Province has received preliminary design approval, marking the completion of preliminary work and the transition to full construction phase [2][3] - The airport is designed to handle an annual passenger throughput of 450,000 and a cargo throughput of 1,600 tons, featuring a 2,500-meter runway and a terminal building of 5,008 square meters [2][4] - The airport project aims to support the transformation of Hegang, a resource-depleted city, by enhancing air transport connectivity and promoting tourism and diversified industries [4][3] Group 2 - The planning for Hegang Airport began in 2013, with various approvals received over the years, including a joint approval from the State Council and Central Military Commission in 2022 [3][4] - The local government aims to start construction by June 2024 and expects the airport to be operational by 2027 [4] - Heilongjiang Province currently has 14 civil transport airports, ranking fifth in the country, and the new airport will enhance the regional transportation network [4] Group 3 - The Civil Aviation Administration and China National Railway Group are promoting the development of air-rail intermodal transport, focusing on collaboration and integration [5] - A new superconductor base with an investment of 2.5 billion yuan has commenced construction in Pudong, which will be the largest project in the global superconducting field [6] - Hubei Province has established a 10 billion yuan humanoid robot investment fund, focusing on core areas of humanoid robots and artificial intelligence [8]

Group 1 - The China Securities Regulatory Commission emphasizes maintaining market stability as a primary task and aims to create a favorable environment for high-quality capital market development [1] - The People's Bank of China issued a notice regarding anti-money laundering and anti-terrorist financing management for precious metals and gemstone institutions, effective from August 1, 2025 [2] - The first batch of 10 science and technology innovation bond ETFs has been approved, enhancing the bond ETF market in China [2] Group 2 - The Longhua District of Shenzhen released a three-year action plan to promote listing cultivation, encouraging social participation and cooperation with financial research institutions [3] - The Guangzhou Housing Provident Fund Management Center is seeking public opinion on a draft implementation plan for converting commercial housing loans to provident fund loans, with specific measures based on loan rate thresholds [3] Group 3 - The Civil Aviation Administration and China National Railway Group jointly issued a task list for promoting high-quality development of "air-rail intermodal transport" from 2025 to 2027, focusing on collaboration and integration [4] Group 4 - Kweichow Moutai has repurchased a total of 3.3821 million shares as of June 30, 2025, with a total expenditure of 5.202 billion yuan [6] - Jiangnan Water Services has been targeted by Life Insurance Company of China, increasing its shareholding to 5.03% [8] - Hainan Highway plans to acquire a 51% stake in Jiaokong Petrochemical, which is expected to constitute a major asset restructuring [8]

2025.06. 19 本文字数：2639，阅读时长大约5分钟 作者 | 第一财经 林靖 苏超热度不断上升。18日下午，微信公众号"常州发布"的消息显示，当天中午12点，6月21日"苏 超"常州队主场对战南京队的比赛，一经开票迅速售罄。 根据常州发布，江苏省城市足球联赛（常州赛区）组委会发布的公告显示，6月21日常州主场对阵南 京的门票全部售罄，票务资源已全部释放完毕，本场比赛不再安排第二轮售票。本次门票中外省专享 通道与全民购票通道放票比例为1:3.9。因本场比赛仅预约购票人数即达到76万人，导致购票成功率 较低。 有网友感叹：（常州主场对阵南京的门票）"比Labubu都难抢！" 眼下，"跟着苏超游江苏"正成为出行关键词。苏超不仅吸引大量省内城市游客异地旅游消费的同 时，也吸引着越来越多省外球迷涌入赛场，江苏游热度节节升高。 外省球迷涌入苏超赛场 据江苏智慧文旅平台监测，6月14-15日，无锡、扬州、徐州、连云港、淮安5个主场城市外地游客 量较上个周末增长48.28%。银联商务数据显示，6月14-15日，5个主场城市银联渠道异地文旅消 费总额较上个周末增长15.15%，其中无锡的增幅最为显著，达29.58% ...

以下文章来源于财经杂志 ，作者蒋雨彤 王静仪 财经杂志 . 《财经》杂志官方微信。《财经》杂志由中国证券市场研究中心主办，1998年创刊，秉承"独立、独家、独到"的新闻理念，以权威性、公正性、专业性报 道见长，是政经学界决策者、研究者、管理者的必读刊物。 尽管京沪线上高铁的客流量是民航的几倍，但民航的增速已经明显超越高铁。 文 ｜ 蒋雨彤 王静仪 编辑 ｜ 王静仪 来源｜ 财经杂志（ID： i-caijing ） 封面来源 ｜ 铁路官网 中国交通行业有一条黄金线路：京沪线。 连接北京和上海，穿梭于中国唯二两座人口超过2000万的一线城市之间，不管是民航还是高铁，京沪线都是客流最大、最能赚钱的所在。 这段1300公里的旅途，假如坐高铁，最快仅4小时18分，最短4分钟一班；如果坐飞机，不到2小时即到，航班在北京首都、北京大兴、上海虹桥、上海浦 东四座机场里交错。 各有优势，也各有劣势，从2011年京沪高铁通车之初，这里就是民航与高铁的必争之地。2025年5月开始，新一轮竞争加速。 航班管家提供给 " 财经 " 的数据显示，不论东航还是国航，5月京沪线的客座率和乘客数量都有明显提升。东航京沪线的乘客数量同比增长了约 ...

尽管京沪线上高铁的客流量是民航的几倍，但民航的增速已经明显超越高铁。 文 ｜ 蒋雨彤 王静仪 编辑 ｜ 王静仪 来源｜ 财经杂志（ID： i-caijing ） 封面来源 ｜ 铁路官网 中国交通行业有一条黄金线路：京沪线。 连接北京和上海，穿梭于中国唯二两座人口超过2000万的一线城市之间，不管是民航还是高铁，京沪线都是客流最大、最能赚钱的所在。 以下文章来源于财经杂志 ，作者蒋雨彤 王静仪 财经杂志 . 《财经》杂志官方微信。《财经》杂志由中国证券市场研究中心主办，1998年创刊，秉承"独立、独家、独到"的新闻理念，以权威性、公正性、专业性报 道见长，是政经学界决策者、研究者、管理者的必读刊物。 这段1300公里的旅途，假如坐高铁，最快仅4小时18分，最短4分钟一班；如果坐飞机，不到2小时即到，航班在北京首都、北京大兴、上海虹桥、上海浦 东四座机场里交错。 各有优势，也各有劣势，从2011年京沪高铁通车之初，这里就是民航与高铁的必争之地。2025年5月开始，新一轮竞争加速。 上海虹桥机场联合北京首都机场、中国东航和中国国航，从5月初试行推出往返上海虹桥和北京首都机场的快线跨航司自愿签转服务。满足客票条件的旅 ...

在本届丝博会期间，东航物流展示了其深度融入陕西"一带一路"核心区建设、持续强化西安枢纽布局的 举措，东航物流正在当地构建现代化物流基础设施、拓展多元化业务生态、打造智慧化服务体系，有力 助推陕西形成"陆海内外联动、东西双向互济"的全方位开放新格局。未来，东航物流将继续发挥自身优 势，为高质量共建"一带一路"贡献更多的东航力量，与各方携手共绘丝路物流发展的崭新蓝图。（编 辑：李季威 校对：张薇 审核：韩磊） 丝博会站台（东航物流供图） 近年来，东航物流抢抓西安中欧班列发展机遇，2024年创新推出"空铁联运"模式，通过航班与年开行量 达498列的西安中欧班列实现高效协同。这一战略布局实现了航空货运与铁路运输的无缝衔接，成为助 推陕西打造"123交通出行圈"（省内1小时通勤、全国主要城市2小时直达、全球主要城市3天送达）的重 要引擎。通过发挥航空货运的全球网络优势与中欧班列的陆路运输特长，东航物流正在参与重塑陕西国 际物流大通道，为区域经济发展注入新动能。 《中国民航报》、中国民航网 记者钱擘 报道：第九届丝绸之路国际博览会暨中国东西部合作与投资贸 易洽谈会近日在西安国际会展中心举行，东航物流联手东航股份西北分公司 ...