2025年内蒙古空港贵宾服务公司以高质量服务标准圆满完成全国两会、自治区两会、中蒙博览会等重大 活动与会代表顺利抵离呼和浩特机场、呼和浩特火车东站的服务保障任务，期间以认真的工作态度、良 好的职业素养、高效的服务保障得到了与会宾客广泛好评。这些重大活动的成功保障，不仅彰显了内蒙 古空港贵宾服务公司的专业能力，更体现了其在服务地方发展中的重要作用。 服务地方：使命担当助力地方发展 作为展示内蒙古自治区对外开放形象的重要窗口单位，内蒙古空港贵宾服务公司始终以服务地方发展、 服务航空公司、服务广大旅客为己任。为更好地助力内蒙古自治区地方经济发展，内蒙古空港贵宾服务 公司不断优化完善服务流程、创新服务举措。多年来为全国、自治区等大型会议、活动代表抵离呼和浩 特机场提供了安全、便捷、舒适的服务。 中国民航网 通讯员包颖异 报道：内蒙古空港贵宾服务公司2025年共收到包括旅客及客户送来的锦旗20 面、感谢信75封、96777转来旅客感谢86次、12326转来旅客感谢142次。这些数字背后是无数个真实场 景：应对航班延误时的耐心帮助，关注特殊旅客出行时的细节服务，面对紧急情况时的责任担当。一封 封写满了朴实话语的感谢信，一 ...

中国民航网 通讯员包颖异 报道：近日，内蒙古空港贵宾服务公司员工活动室完成升级，变身集饮品、 健康监测、运动健身、生活服务于一体的"能量补给站"。新设施聚焦员工需求，以"咖啡+养生"为特 色，成为工作小憩的"温馨港湾"。运行服务部员工娜玛拿着刚萃取的咖啡说道："以前靠速溶咖啡提 神，现在胶囊咖啡醇香浓郁，提神效果更持久！" 针对员工健康与形象管理的需求，补给站增设了医药箱，电子血压计和挂烫机。医药箱内置创可贴、退 烧药、消毒棉片等常用药品，定期检查补充。运行服务部员工尹志国说："40岁后总担心血压问题，现 在随时能测，心里踏实多了。"挂烫机解决了临时熨烫工装的难题。市场部员工屈晨旭分享："上周接待 客户前发现衣服有点皱，用挂烫机3分钟搞定，形象立马提升！"。运动区除跑步机、椭圆仪以外，还配 备了跳绳、瑜伽垫、脊柱舒缓器等健身器材供员工使用。驻外业务管理部员工王敏捷说："坐久了来拉 伸一下，腰酸能缓解不少。" 健康与生活：血压计与挂烫机的"安心组合" 新设施投入使用后，活动室日均使用量提升40%，成为员工高频打卡区。娜玛补充："现在同事们都爱 来这里聊聊天，氛围特别轻松。"陈琦则说到："公司关注这些细节，让我们 ...

中国民航网 通讯员包颖异 报道:近日，内蒙古空港贵宾服务公司工会以"点单式"服务为员工送上定 制"四件套温暖礼包"。用"有温度"的行动，将公司的人文关怀传递给每一位员工。 在活动筹备阶段，内蒙古空港贵宾服务公司工会通过线上问卷、线下座谈等形式广泛征集员工意 见，"今年想要一条厚实的围巾，上班路上就不怕脖子灌风了""工会前几年送的保温杯质量非常好，还 想要一个大一点容量的""想要一个容量小，微波炉能用的饭盒"……工会认真梳理后发现，保暖性、实 用性、便携性与安全性是大家最为关注的要点。最终确定"四件套"方案，包含围巾、保温杯、饭盒套 装、暖贴等实用物品。 细节彰显温度 每一件物品都是承诺 此次发放的温暖礼包中，每件物品都藏着暖意。在考虑价格和品质的前提下，1.8米长度的加厚围巾， 男女同款有三种颜色可选，既保暖又时尚；500ml容量316材质的保温杯，兼顾审美与实用，能长时间 保持水温；密封、耐高温材质饭盒搭配316材质餐具，既便携又安全；还有12小时长效暖贴，持续为身 体加温；袋子方面选取了大小适中且有防水效果的款式，方便携带。"从选品到定制，我们对比同品类 中的10余款产品，确保每一件物品兼具实用性和安全性 ...

《中国民航报》、中国民航网 记者徐业刚 通讯员许嘉薇 报道：为深入践行"人民航空为人民"理念，检 验贵宾服务标准化成果，浙江省空港贵宾服务有限公司12月18日成功举办首届"禧悦杯"服务技能大赛。 来自杭州、宁波、温州三地各服务单位及协作外包单位组成的7支精英队伍同台竞技，以赛促进，以比 促学，充分展现了新时代民航贵宾服务人员的精湛技艺与职业风采。 作为深化"禧悦"服务品牌建设、夯实人才队伍根基的重要载体，大赛以"以赛促学强技能，以赛促练提 服务"为宗旨，在破解服务竞赛量化难、呈现难、应用难的痛点上，通过别具创新的赛事编排，实现了 三方面的突破性尝试。一是设置仪容仪表、业务实操、应急处置、语言应用等多要素多维度的核心竞赛 模块，充分以实战化场景考核，全面检验选手专业素养；二是赛题框架提前一月公布、选手名单赛前一 周随机产生、赛题细节比赛当日抽取，以此方式促使参赛单位全员备赛，充分达到以赛促练的目的；三 是赛后各单位按照"深复盘、找差距、强短板，对标杆"的脉络，将比赛成果延伸运用，搭建起全员技能 交流、经验共享的优质平台。 选手进行水果拼盘比赛 赛场上，选手们在各模块中展现出扎实的业务功底、高效的应急能力与卓越的 ...

埃利奥尔集团主席兼行政总裁达尼埃尔·德里什堡表示，对香港作为国际大都会和航空枢纽的实力充满 信心，将持续加大在港投资，构建涵盖人才培训、航空工程维修及飞机零件回收在内的"航空三部曲"， 致力为香港打造可持续发展的航空生态系统。 据了解，新设立的培训中心将面向在职航空维修工程人员，提供涵盖理论与实操的综合课程，包括飞机 结构设计、系统运作及相关行业规范等。 （文章来源：新华网） 香港国际航空学院18日宣布，与法国航空服务公司埃利奥尔集团合作，在香港成立航空工程培训中心。 香港特区行政长官李家超在中心启动仪式上表示，香港拥有世界级机场及完善的航空服务网络，是重要 的国际航空枢纽，尤其在航空货运领域成就突出。特区政府正积极推动香港发展为区域内领先的飞机回 收及零部件交易中心。实现这一愿景的关键，在于稳定培育飞机维修技工和工程技术人才。香港国际航 空学院与埃利奥尔的合作，将为相关人才培养提供有力支持。 香港机场管理局行政总裁张李佳蕙指出，香港国际机场具备世界一流的专业飞机维修设施与服务。埃利 奥尔作为法国重要的航空服务企业，此次合作将引入国际先进经验，助力香港航空工程水平进一步提 升。 ...

Core Viewpoint - The rebound in air travel presents investment opportunities in local stocks, particularly comparing SATS Limited and SIA Engineering as potential beneficiaries of this trend [1]. SATS Limited (SGX: S58) - SATS is one of the largest providers of air cargo and handling services globally and Asia's leading airline caterer [2]. - For the second quarter of FY26, SATS reported an 8.4% year-on-year revenue increase to S$1.57 billion, with profit after tax rising 13.3% to S$78.9 million [3]. - Operating cash flow and free cash flow turned positive at S$77.2 million and S$3.4 million, respectively, indicating a recovery post-pandemic with net earnings of S$244 million for FY2025 [4]. - The company is expanding its global reach through the integration of the WFS acquisition, covering 225 stations in 27 countries, with 50% of global air cargo volume flowing through these routes [4][5]. - Future growth is expected from increased cargo volume handling and cross-selling Food Solutions to the WFS network [5]. SIA Engineering (SGX: S59) - SIAEC operates in the maintenance, repair, and overhaul (MRO) space, with a 26.5% year-on-year turnover increase to S$729 million in the first half of FY26, and profit after tax up over 21% to S$83.3 million [7]. - The operating margin improved to 1.8%, up from 0.6% in the previous year [7]. - SIAEC is pursuing strategic joint ventures with global airlines and OEMs, recently expanding its relationship with Safran Aircraft Engines [8]. - Future growth is contingent on the rebound in air travel, which will drive demand for MRO services [9]. Head-to-Head Comparison - SATS has a global revenue growth potential post-WFS acquisition, while SIAEC's revenue is more reliant on steady MRO demand in the Asian region [10]. - SATS has a debt-to-equity ratio of 1.4 times with total borrowings of S$2.45 billion, whereas SIAEC has a low debt-to-equity ratio of 0.05 times and borrowings of S$4.9 million [11]. - SIAEC has a better dividend history, missing only two annual payments in six years compared to SATS's three missed payments [11]. - Both companies have sustainable dividends, with SIAEC's payout ratio at 69% and SATS at around 32% [12]. - SIAEC's MRO services are expected to be more resilient during downturns compared to SATS [12]. Investment Considerations - For investors seeking higher growth potential, SATS may be more appealing, albeit with higher execution risks related to the WFS integration [13]. - Conversely, for those preferring stability, SIAEC offers a better balance sheet, steadier dividends, and cash flows, albeit with slower growth [13].

Report Summary Core Viewpoints - The new energy vehicle industry in China has shown strong growth, with production and sales approaching 15 million units from January to November this year, a year-on-year increase of over 30%, and exports reaching 2.315 million units, doubling year-on-year [1]. - The Central Economic Work Conference emphasizes innovation - driven development, aiming to cultivate new growth drivers, and proposes measures for the real - estate market, including risk control, inventory reduction, and supply optimization [1]. Industry Overview Upstream - Copper prices in the non - ferrous sector are continuously rising; egg prices in the agricultural sector are rebounding; and liquefied natural gas prices in the energy sector are continuously falling [2]. Midstream - In the chemical industry, the operating rates of PX and PTA are stable at a low level, while those of urea and polyester are continuously declining; power plant coal inventories are low, and coal consumption is continuously increasing; the asphalt production for road construction is at a low level [2]. Downstream - The sales of commercial housing in first, second, and third - tier cities are continuously warming up; the number of domestic and international flights is decreasing [3]. Price Index Tracking - As of December 11, 2025, the prices of some products such as corn, eggs, and copper have increased year - on - year, while the prices of palm oil, aluminum, and WTI crude oil have decreased year - on - year [39].

近期，有多位网友在社交平台发文称，收到航旅纵横发布的航班取消的消息，但是在重新订票时发现航 班并未取消，平白多花费了一笔退票费用。航旅纵横表示，对于受影响的用户，航旅纵横将根据其实际 损失提供赔偿。有相关需求的用户，可通过官方邮箱、客服电话或者航旅纵横App在线客服进行联系。 新京报贝壳财经讯（记者王真真）12月2日，针对"航旅纵横误发多个航班取消信息导致多人退改机 票"一事，新京报贝壳财经记者从航旅纵横获悉，11月29日15点10分至15点26分，航旅纵横部分航班动 态信息出现误报，航旅纵横第一时间排查并完成修复。目前，已通过多渠道收集受影响用户的情况，将 根据用户实际损失提供专项补偿。 校对 刘军 ...

Report Summary 1. Investment Rating - No investment rating information is provided. 2. Core View - The report focuses on the overall situation of multiple industries, including upstream, mid - stream, and downstream sectors, and also mentions relevant policies and price trends. It points out that there are policy promotions in the downstream of the real estate industry and the service industry, and there are price fluctuations and changes in the operating conditions in various industries [1][2][3]. 3. Industry - Specific Summaries Upstream - **Black**: Coal prices have slightly declined [2]. - **Agriculture**: The prices of eggs and palm oil have rebounded, while the price of cotton has a 0.38% change. The average wholesale price of pork has a 0.45% change. The prices of some agricultural products such as corn, eggs, palm oil, and cotton are tracked in the price index table, with varying degrees of year - on - year changes [2][36]. - **Energy**: The price of liquefied natural gas is fluctuating, and the coal price has a - 1.57% year - on - year change on December 1 [2][36]. Mid - stream - **Chemical**: The operating rates of PX and urea have declined [3]. - **Energy**: The coal consumption of power plants is at a low level [3]. - **Infrastructure**: It is the off - season for asphalt construction [3]. Downstream - **Real Estate**: The sales of commercial housing in first, second, and third - tier cities have slightly rebounded [3]. - **Service**: The number of domestic flights is at a low level [3]. 4. Policy Information - **Production Industry**: The Ministry of Industry and Information Technology encourages Chinese photovoltaic, wind power, lithium battery, and new energy vehicle enterprises to "go global" and participate in the construction of green energy projects in countries along the "Belt and Road" [1]. - **Service Industry**: Chinese citizens can travel and conduct business in Russia without a visa from December 1, 2025, to September 14, 2026, for up to 30 days. Many cities are intensively implementing a new round of housing purchase subsidy policies, with Changzhou offering a maximum subsidy of 200,000 yuan, and about 100 cities and districts such as Hangzhou and Wuhan increasing subsidy efforts this year [1].

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints - The downstream real estate sector shows a slight recovery, while the service industry's domestic flight frequency experiences a minor decline [1][3]. - Upstream nickel and egg prices rise, while international crude oil and liquefied natural gas prices fluctuate downward. Mid - stream PX, urea, and PTA prices fall, power plant coal consumption is at a low level, and asphalt construction is in the off - season [3]. 3) Summary by Related Catalogs A. Mid - view Event Overview - **Production Industry**: At the National Development and Reform Commission's November press conference on November 27, the commission responded to market hot - spot issues such as humanoid robots and the expansion of infrastructure REITs project issuance. It aims to prevent high - repetition humanoid robot products from flooding the market and promote the healthy and standardized development of the embodied intelligence industry [1]. - **Service Industry**: Li Qiang chaired an executive meeting of the State Council to deploy the promotion of provincial - level overall planning of basic medical insurance. This is an important measure to improve the universal medical insurance system [1]. B. Industry Data - **Upstream**: - **Non - ferrous Metals**: Nickel prices rise slightly, with the spot price on November 27 at 119,366.7 yuan/ton, a 1.98% year - on - year increase [3][38]. - **Agriculture**: Egg prices recover, with the spot price on November 27 at 6.4 yuan/kg, a 2.74% year - on - year increase [3][38]. - **Energy**: International crude oil and liquefied natural gas prices fluctuate downward. On November 27, the spot price of WTI crude oil is 58.7 dollars/barrel, a 1.33% year - on - year decrease; the spot price of Brent crude oil is 62.5 dollars/barrel, a 1.53% year - on - year decrease; and the spot price of liquefied natural gas is 4,084 yuan/ton, a 2.34% year - on - year decrease [3][38]. - **Mid - stream**: - **Chemical Industry**: PX, urea, and PTA prices fall. On November 27, the spot price of PTA is 4,628.3 yuan/ton, a 0.61% year - on - year decrease; the spot price of polyethylene is 6,980 yuan/ton, a 0.26% year - on - year decrease [3][38]. - **Energy**: Power plant coal consumption is at a low level [3]. - **Infrastructure**: Asphalt construction is in the off - season [3]. - **Downstream**: - **Real Estate**: The sales of commercial housing in first - tier cities rise slightly [3]. - **Service**: The number of domestic flights decreases slightly [3].