下一步，西北民航将在持续丰富首乘服务实践的基础上，积极借助中央、省市、行业媒体宣传首乘服务 好的经验做法，为首乘服务深入开展争取更多资源，营造良好的环境。（编辑：张薇，校对：李季威， 审核：程凌） 人民日报3月18日刊登《约十亿国民从未坐过飞机，民航首乘服务深挖市场潜力》的文章，梳理了近年 来民航系统开展首乘服务的经验，指出"民航首乘服务活动结合国家重大战略、民航重点任务持续推 进，在扩大航空市场有效需求方面取得了积极成果"。国际在线刊登了题为《以首发思维推动首乘服务 向纵深开展》的评论文章，指出新时代新形势下，首乘服务应以扩内需、稳增长为目标，运用首发经济 思维创造更多新的服务产品，推出更多新的服务举措，扩大首乘服务应用场景，提升民航产业发展质 量，从而推动民航业为国民经济发展贡献更大力量。中国网刊登了《民航开展首乘服务，开拓航空市场 新蓝海》的文章，强调首乘服务不仅要聚焦"服务"本身，更应贴合时代要求，着力深挖航空市场潜力， 站在发展现代服务业的高度，助力国家产业加快转型升级。中国网同时关注首乘服务取得的经济效益， 刊登《首乘专属客票销售额达1.86亿元，民航以"首乘服务"提振消费》的报道，指出2024年 ...

Group 1: Market Overview - The Shanghai Composite Index experienced slight fluctuations, closing down 0.07% at 3295.06 points, while the Shenzhen Component Index rose 0.39% to 9917.05 points, and the ChiNext Index increased by 0.59% to 1947.19 points, with a total trading volume of 1.1371 trillion yuan across the three markets [1] - Sectors such as pharmaceuticals, food and beverage, insurance, and agriculture saw declines, while the power sector surged. Other sectors like tourism, home appliances, automotive, textiles, and liquor showed gains, with active themes including CPO concepts, smart healthcare, and AI [1] Group 2: Nuclear Power Projects - The State Council approved several nuclear power projects, including the third phase of the Zhejiang Sanmen project and others in Guangxi, Guangdong, Shandong, and Fujian, totaling five projects and ten new units, all planned to use domestically developed third-generation nuclear technology [2][3] - The approval marks a significant milestone, with an average of over ten nuclear units approved annually since 2022, indicating a normalization of nuclear power construction in China [3] - The total investment for the newly approved ten third-generation nuclear units is expected to reach approximately 200 billion yuan, with equipment investment accounting for over 40% of the total [3] Group 3: Pharmaceutical Industry - The Ministry of Industry and Information Technology, along with six other departments, issued a plan for the digital transformation of the pharmaceutical industry from 2025 to 2030, aiming to establish a comprehensive data system and innovation ecosystem by 2030 [4] - The policy is expected to enhance the value of pharmaceutical data and benefit various segments of the pharmaceutical industry, including research, production, and AI tools [4] Group 4: Aviation Industry - The Civil Aviation Administration of China projected that the passenger transport volume during the upcoming May Day holiday would reach 10.75 million, a year-on-year increase of 8%, marking a historical high for the same period [9] - Major passenger flows are expected to concentrate on key routes among the Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macau, and Chengdu-Chongqing city clusters [9]

央视网消息：国家统计局4月27日发布的数据显示，今年一季度，随着政策效应持续释放，带动工业企业利润由降转增，装备制造业、高 技术制造业利润支撑作用明显，工业经济发展质效持续提升。 中国民航局发布，今年一季度，民航全行业累计完成旅客运输量1.9亿人次，同比增长4.9%；累计完成运输总周转量385.9亿吨公里，同比 增长10.5%；共保障各类飞行158.1万班，日均17564班。 港珠澳大桥今年出入境客流破1000万人次 今年一季度，全国规模以上工业企业实现营业收入32.14万亿元，同比增长3.4%，增速较1—2月份加快。为企业盈利恢复创造有利条件。 一季度，规模以上工业企业实现利润总额15093.6亿元，由上年全年同比下降转为增长0.8%，扭转了自上年三季度以来企业累计利润持续下降 的态势。 装备制造业成为利润增长重要支撑。一季度，装备制造业利润同比增长6.4%，较1—2月份加快1.0个百分点。高技术制造业引领高质量发 展。一季度，航空航天器及设备制造、智能消费设备制造等行业利润分别增长23.9%和63.7%。 中国民航局：预计"五一"假期民航旅客量创同期历史新高 中国民航局27日上午发布的"五一"假期航班计划 ...

Core Insights - The launch of the first eVTOL (electric Vertical Take-Off and Landing) aircraft comparison feature by the domestic aviation data service platform, Flight Butler DAST, marks a significant development in the low-altitude industry [1][3] - The low-altitude industry is recognized as a strategic emerging industry in China, with eVTOL aircraft serving as a core component for future urban air mobility (UAM) [3] Industry Overview - The low-altitude industry is becoming a new engine for China's economic development, with eVTOL aircraft playing a crucial role in enhancing transportation efficiency [3] - Future scenarios for eVTOL aircraft include intercity travel, urban commuting, airport transfers, and aerial sightseeing, significantly improving traditional ground transportation efficiency [3] Technological Advancements - The eVTOL aircraft can reduce travel time significantly, such as the 20-minute flight from Shenzhen to Zhuhai compared to 2.5 hours by ground transport, saving 85% of travel time [3] - The expected reduction in travel time from Shanghai Pudong Airport to Lujiazui Financial District is from 1 hour to 15 minutes [3] Data and Services - Flight Butler has accumulated extensive data on flights, airports, aircraft types, and user travel preferences, which supports precise analysis and scenario development [3] - The DAST platform has gathered a large user base from airports, airlines, financial institutions, and the travel ecosystem, enhancing the integration of low-altitude data information [3] User Features - The eVTOL model comparison feature allows users to compare parameters, development progress, and financing status of different eVTOL models, supporting nearly 50 domestic and international manufacturers and hundreds of models [3][6] - The eVTOL model database will be continuously updated and iterated in real-time [3] Strategic Partnerships - Flight Butler aims to leverage its resources in civil aviation and travel industries to collaborate with eVTOL manufacturers, airports, airlines, financial institutions, and low-altitude ecosystem partners to explore innovative products and services [6]

民航局运输司副司长商可佳介绍 " 五一 " 假期的客流分布情况（本文图片均由记者张哈斯巴根拍摄） 民航局运输司副司长商可佳介绍了"五一"假期的客流分布情况。国内航线方面，民航客源主要集中在京 津冀、长三角、粤港澳、成渝四大城市群间的骨干航线，截至目前，北京、上海、广州三地间以及北京 与深圳、成都间的航线旅客订票量最高；前往西双版纳、拉萨、丽江、喀什、和田等旅游目的地的支线 航线订票量也比较集中。国际航线方面，预计"五一"期间旅客运输量和航班量都将达到二季度以来的最 高峰。旅客出行目的地主要集中在日本、韩国以及东南亚传统旅游市场。随着入境、过境签证便利政策 持续优化，离境退税"即买即退"等服务措施逐步推广，预计入境外国旅客数量将继续增加，带动外航进 一步增加航班。 围绕切实做好"五一"假期民航运输保障工作，商可佳介绍，为了确保旅客平安、便捷、温馨出行，民航 局提前组织分析研判，周密安排部署，做好保障准备：一是严守安全底线，确保运行平稳顺畅。督促各 运行单位高度重视复杂天气应对，及时采取针对性安全措施，加大问题隐患排查整治力度，及时有效处 置突发情况。二是加强分析研判，精准调控航班运力。根据航空公司飞行计划，"五 ...

民航局将督促航空公司持续开展识别和避让危险天气专项训练，提高机组高效利用气象雷达绕飞 危险天气能力。 严格要求天气标准和放行标准，及时调整航班计划，配强机组力量，加强运行控制，增强空地协 同。 督促机场加强设施设备检查维护，确保工作状态安全可靠。 要求空管部门加强极端天气的监测预警和提前预报，为机组改航备降提供可靠的保障支持。 针对即将到来的雷雨季节， 在4月27日上午的民航局例行新闻发布会上，航安办副主任李勇介绍，针对即将到来的雷雨季，民航局 将全面加强统筹管理，细化应对措施，全力保障雷雨季节民航运行安全平稳有序，并于近期将制定印发 《2025年雷雨季节民航运行保障总体方案》。 此外，民航局还将督促各单位进一步完善航班大面积延误和大面积备降应急处置预案，机场会同航空公 司，根据运行态势和航班延误情况灵活配置场面和候机楼保障资源，妥善应对航班和旅客积压情况。 （央视新闻） 民航局航空安全办公室副主任李勇表示，将督促各单位依托"全国-区域-机场"三级协同运行机制，基于 影响因素和综合保障能力研究制定运行策略，结合实际动态优化完善。民航局依托全国民航运行协调视 频会议调度机制，每日组织全行业开展运行调度，充分共享 ...

Group 1: Core Views - The release of the "Opinions on Improving Price Governance Mechanism" aims to enhance market price formation, innovation in price guidance, and optimization of price regulation mechanisms to establish a high-level price governance system [1] - The goal is to improve resource allocation efficiency and enhance macroeconomic governance by refining the price governance mechanism [1][2] Group 2: Price Stability and Macro Control - Maintaining reasonable price levels is a key objective of macroeconomic regulation, with a target inflation rate of around 2% set for 2025 [2] - The "Opinions" emphasize the need for coordinated efforts between price policies and other macroeconomic policies such as fiscal, monetary, and employment policies to enhance price control effectiveness [2][3] Group 3: Market-oriented Price Reform - The "Opinions" call for deepening market-oriented price reforms in various sectors, including electricity and natural gas, and establishing a market-based pricing mechanism for essential goods and services [4][5] - The current marketization level of commodity and service prices in China has reached 97.5% [5] Group 4: Agricultural Price Policies - The "Opinions" propose to improve agricultural price policies to ensure stable and safe supply of essential agricultural products, including the establishment of a coordinated mechanism for prices, subsidies, and insurance [7][8] - The focus is on ensuring that farmers' incomes are protected while allowing market mechanisms to play a larger role in price formation [8] Group 5: Public Utility Pricing Mechanism - The "Opinions" outline the need to clarify the boundaries between government investment and user payment in public utilities, ensuring fair pricing and cost recovery [9][10] - The aim is to optimize pricing structures for public services, including water, electricity, and gas, while considering the affordability for the public [10][11]

家电：龙头海外产能布局领先，美国关税加速出口竞争格局改善。 美国关税带动出口北美的龙头公司短期份额快速提升，所以建议关注对美出口占比 较高的代工企业：新宝股份、欧圣电气、德昌股份。 纺服：上游纺织制造板块预计25Q1业绩稳定。 2025Q1，虽然美国对中国加征关税，出口大环境承压，但是板块内多数公司近年产能全球布局，较好 的抵御了贸易摩擦加剧对业绩的扰动，且个别公司受益大客户订单或产品结构变化，业绩有望大幅增长。 本文作者： 广发策略、机械、家电、纺服、军工、汽车、轻工 报告摘要 从过去2年的股价表现来看，出口链的股票表现存在时间规律，财报季值得关注 ：上涨多发生在业绩期，也就是往往能赚EPS的钱；而在财报空窗 期，股价表现一般。从过去一年股价表现来看，出口链公司很难通过提升估值来赚钱，而往往需要通过景气兑现来赚EPS的钱。股价的上行周期基本 上发生在财报季，也就是交易基本面改善预期。 24年12月进入年报预告季，随着巨星科技等公司预告超预期，出口链受EPS预期驱动迎来一波上涨行情。春节后进入业绩空窗期，出口链再度回调。 当前诸多公司的25年PE已经回落到了10-15X的合意区间。在逐渐步入一季报财报季之际， ...