Market Overview - The aviation and airport sector declined by 0.49% on January 29, with Huaxia Airlines leading the drop [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Stock Performance - Shanghai Airport (600009) closed at 30.95, up 1.14% with a trading volume of 196,800 shares and a turnover of 605 million yuan [1] - Xiamen Airport (600897) closed at 17.68, up 0.68% with a trading volume of 80,100 shares and a turnover of 141 million yuan [1] - Baiyun Airport (600004) closed at 9.58, up 0.21% with a trading volume of 197,200 shares and a turnover of 188 million yuan [1] - Shenzhen Airport (000089) closed at 7.24, down 0.14% with a trading volume of 212,700 shares and a turnover of 153 million yuan [1] - Spring Airlines (601021) closed at 55.95, down 0.25% with a trading volume of 42,400 shares and a turnover of 236 million yuan [1] - HNA Holding (600221) closed at 1.68, down 0.59% with a trading volume of 3,055,900 shares and a turnover of 513 million yuan [1] - China Southern Airlines (600029) closed at 7.20, down 1.10% with a trading volume of 1,070,300 shares and a turnover of 768 million yuan [1] Fund Flow Analysis - The aviation and airport sector experienced a net outflow of 242 million yuan from institutional investors, while retail investors saw a net inflow of 230 million yuan [3] - Major stocks like Shanghai Airport and Shenzhen Airport had varying net inflows and outflows from different investor types [4] - Shanghai Airport had a net inflow of 28.37 million yuan from institutional investors, while retail investors had a net outflow of 39.44 million yuan [4] - China Southern Airlines had a net outflow of 10.48 million yuan from institutional investors, but a net inflow of 22.85 million yuan from retail investors [4] ETF Performance - The Aerospace ETF (product code: 159227) tracked the National Aerospace Industry Index and saw a 3.00% increase over the last five days, with a net redemption of 78.67 million yuan [6] - The General Aviation ETF (product code: 159230) tracked the National General Aviation Industry Index and had a 2.17% increase, with a net redemption of 5.55 million yuan [7] - The Tourism ETF (product code: 562510) tracked the China Securities Tourism Theme Index and decreased by 4.77%, with a net inflow of 8.09 million yuan [7]

Group 1 - China Eastern Airlines will officially launch the new international direct flight route from Xi'an to Vienna starting April 20, increasing its total number of European routes to 27 [1] - The Xi'an-Vienna route will be operated using the Airbus A330 aircraft, with flights scheduled on Mondays, Thursdays, and Saturdays [1] - The new route establishes an air bridge between the northwest region of China and Austria, enhancing economic cooperation, cultural exchange, and tourism between the two locations [1] Group 2 - Tickets for the Xi'an-Vienna route are now available for purchase, with promotional offers including a "segment discount red envelope" for tickets bought through the Eastern Airlines app from January 30 to March 31 [2] - Eastern Airlines members purchasing round-trip tickets for specific dates in April will receive double points as part of the promotional campaign [2]

证券代码：600115 证券简称：中国东航 公告编号：临2026-004 中国东方航空股份有限公司 董事会2026年第1次会议决议公告 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。 中国东方航空股份有限公司（以下简称"公司"）董事会2026年第1次会议，根据《公司章程》和《董事 会议事规则》的规定，经董事长王志清召集，于2026年1月27日召开。 参加会议的董事确认会前均已收到本次董事会会议通知。本次会议的召开符合《公司法》和《公司章 程》的有关规定，参加本次会议的董事已达法定人数，会议合法有效。 公司董事长王志清，副董事长高飞，董事成国伟，独立董事孙铮、陆雄文、罗群、冯咏仪、郑洪峰，职 工董事揭小清审议了有关议案，一致同意并做出以下决议： 一、审议通过《关于公司2025年套期保值工作总结及2026年工作计划的议案》。 同意公司2025年套期保值工作总结和公司2026年套期保值工作计划。汇率方面，针对美元负债公允价值 汇兑，可开展简单远期交易，期限不超过三年，2026年额度上限为10亿美元；针对美元购汇现金流汇 兑，可开展一 ...

Group 1 - The 2026 Spring Festival travel season will start on February 2 and last for 40 days until March 13, with a significant increase in passenger flow expected due to the longest Spring Festival holiday [1] - China Southern Airlines (CZ) plans to operate over 8,440 flights in and out of Hubei, providing an average of over 23,000 seats daily, with new routes added to popular destinations [1] - China Southern Airlines has optimized schedules for high-density routes, such as Wuhan-Guangzhou and Wuhan-Beijing Daxing, to enhance convenience for travelers [1] Group 2 - China Southern Airlines has introduced "Aurora Routes" during the Spring Festival to facilitate travel to regions with high aurora visibility, including Xinjiang, Heilongjiang, Mongolia, and Northern Europe [2] - Internationally, China Southern Airlines has increased flights to Bangkok and Phuket, with Wuhan to Bangkok now at 4 flights per week and Wuhan to Ho Chi Minh City at 7 flights per week [2] - China Eastern Airlines (MU) plans to increase its flight capacity in Hubei by 2.65% compared to the same period in 2025, with nearly 900 additional flights scheduled [4] Group 3 - China Eastern Airlines is launching new routes to northern ice and snow tourism destinations and increasing flights to southern warm destinations to meet diverse travel needs [4] - The airline is enhancing its service for unaccompanied minors and first-time travelers, ensuring comprehensive support during the travel experience [4] - The peak travel demand is expected from the 24th day of the twelfth lunar month to New Year's Eve and from the fourth to the tenth day of the first lunar month, with concentrated demand for routes from Wuhan to Shenzhen, Kunming, Sanya, and Harbin [5]

美元汇率套期保值和美元现金流套期保值拟采取简单远期等结构简单、流动性强、风险可认知的金融衍 生品进行汇率锁定，美元汇率套期保值期限不超过三年，美元现金流套期保值期限不超过一年，具体操 作策略由公司高风险业务管理委员会负责制定。航油套期保值计划采用原油互换合约、原油期货合约等 合约，以布伦特原油、上海国际能源交易中心原油作为价格基准，套期保值到期时间为2026年至2028 年，将选择合适的合约及时机进行交易。在董事会授权期内，航油套期保值工作连续开展。 本次董事会授权开展套期保值业务的有效期自2026年1月1日至2026年12月31日。如单笔交易的存续期超 过了前述有效期，则自动顺延至该笔交易终止时止，但该笔交易额度纳入下一个审批有效期计算。 （文章来源：新华财经） 新华财经北京1月29日电东方航空1月28日晚间发布关于2026年度开展套期保值业务计划的公告称，为防 范汇率波动带来的不良影响，公司拟在2026年开展美元汇率套期保值交易和美元现金流套期保值交易以 对冲相关汇兑风险。航油成本作为公司最大的运营成本之一，其价格波动对公司效益有着重大影响，公 司拟在2026年开展航油套期保值管理，以部分对冲油价波动对公 ...

Overview of Public FOF Funds in Q4 2025 - As of Q4 2025, there are 549 FOF products in the market with a total scale of 244.188 billion yuan, an increase of 26.20% compared to Q3 2025 [1][2] - FOFs are categorized into three types based on the proportion of equity assets: bond-type FOFs (less than 30%), balanced FOFs (30% to 60%), and equity-type FOFs (more than 60%) [3] - The scale of bond-type FOFs reached 161.113 billion yuan, accounting for 65.98% of the total market FOF scale, which has been increasing since Q1 2024 [4] FOF Fund Manager Preferences - The top three actively managed equity funds with the most FOF holdings are: 1. Fuquan Stable Growth A (31 FOFs) 2. Boda Jiuhang C (22 FOFs) 3. Zhongou Dividend Enjoyment A (21 FOFs) [20] - The largest FOF holdings by scale are: 1. Xingquan Business Model Preferred A (4.77 billion yuan) 2. Yifangda Information Industry Selected C (3.65 billion yuan) 3. Yifangda Kerong (3.59 billion yuan) [20] Changes in FOF Fund Manager Allocations - In Q4 2025, the most net increased actively managed equity funds by FOFs are: 1. Yifangda Reform Dividend (4 FOFs) 2. Jingshun Longcheng Stable Return C (3 FOFs) 3. Zhongou Small Cap Growth C (3 FOFs) [33] - The largest net increase in scale for actively managed equity funds is for Jingshun Longcheng Stable Return C (0.66 billion yuan) [34] FOF Stock Investment Situation - By Q4 2025, 168 FOFs directly invested in stocks, with the highest proportion in balanced FOFs, followed by equity-type FOFs [1] - The top three stocks held by FOFs are: 1. Zijin Mining 2. Ningde Times 3. Hanwujing-U [1] Performance of Different Types of FOFs - In Q4 2025, the median returns for different types of FOFs are: - Bond-type FOFs: 0.33% - Balanced FOFs: -0.64% - Equity-type FOFs: -1.21% [13] - The top-performing bond-type FOFs in Q4 2025 are: 1. Tianhong Pension Target 2030 One-Year Holding (2.92%) 2. Ping An Yingyue Stable Return One-Year Holding A (1.81%) 3. Guotai Ruiyue Three-Month Holding (1.80%) [15][16] FOF Configuration by Fund Managers - The top three fund managers with the most FOF configurations in Q4 2025 are: 1. Yang Meng 2. Fan Yan 3. Liu Jianwei [1] - The most configured bond-type fund is Guangfa Pure Bond A, held by 32 FOFs [27]

根据公告，东方航空2026年度计划持仓美元汇率套期保值上限不超过10亿美元；持仓美元现金流套期保 值上限不超过12亿美元；持仓航油套期保值总量不超过公司2026至2028年三年平均预计航油使用量的 20%（即1425万桶），其间任意月份的实际交割额度不超过119万桶。预计公司2026年汇率、航油套保 交易在任一交易日持有的最高合约价值低于公司最近一个会计年度经审计净资产的50%（即人民币 202.66亿元或等值外币），预计动用的交易保证金和权利金上限低于公司最近一个会计年度经审计净利 润绝对值的50%（即人民币21.13亿元或等值外币）。 众所周知，在航空公司的成本结构中，燃油成本一直占据着重要位置，通常占总运营成本的 20%~30%。国际油价受地缘政治、经济周期、供需关系等多重因素影响，常常出现剧烈波动。东方航 空也表示，航油成本作为公司最大的运营成本之一，其价格波动对公司效益有着重大影响。 1月28日，东方航空发布公告，2026年拟针对美元汇率和航油开展套期保值。 计划采用原油互换合约、原油期货合约等，以布伦特原油、上海国际能源交易中心原油作为价格基准， 套期保值到期时间为2026年至2028年，将选择合 ...

证券代码：600115 证券简称：中国东航 公告编号：临2026-004 中国东方航空股份有限公司 董事会2026年第1次会议决议公告 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。 中国东方航空股份有限公司（以下简称"公司"）董事会2026年第1次会议，根据《公司章程》和《董事 会议事规则》的规定，经董事长王志清召集，于2026年1月27日召开。 参加会议的董事确认会前均已收到本次董事会会议通知。本次会议的召开符合《公司法》和《公司章 程》的有关规定，参加本次会议的董事已达法定人数，会议合法有效。 一、审议通过《关于公司2025年套期保值工作总结及2026年工作计划的议案》。 同意公司2025年套期保值工作总结和公司2026年套期保值工作计划。汇率方面，针对美元负债公允价值 汇兑，可开展简单远期交易，期限不超过三年，2026年额度上限为10亿美元；针对美元购汇现金流汇 兑，可开展一年内日常衍生业务交易，期限不超过一年，2026年额度上限为12亿美元。航油方面，以布 伦特原油、上海国际能源交易中心原油作为价格基准，可开展互换合 ...

截至2026年1月28日收盘，中国东航(600115)报收于5.44元，下跌5.88%，换手率1.66%，成交量283.35万 手，成交额15.71亿元。 当日关注点 交易信息汇总 股价提醒 1月28日中国东航（600115）收盘报5.44元，跌5.88%，当日成交2.83亿元。该股已连续6日下跌。前10 个交易日中，主力资金累计净流出5.35亿元，股价累计下跌6.95%；融资余额累计增加6160.39万元，融 券余量累计减少17.05万股。近90天内，10家机构对该公司给出评级，其中买入评级6家，增持评级4 家；机构目标均价为6.7元。 资金流向 1月28日主力资金净流入2999.82万元，占总成交额1.91%；游资资金净流入9828.73万元，占总成交额 6.26%；散户资金净流出1.28亿元，占总成交额8.17%。 公司公告汇总 中国东方航空股份有限公司董事会2026年第1次会议于2026年1月27日召开，审议通过《关于公司2025年 套期保值工作总结及2026年工作计划的议案》和《关于公司2026年度内部审计工作计划的议案》。会议 同意公司在2026年开展汇率和航油套期保值业务，其中汇率方面，美元负债 ...

截至2026年1月28日收盘，中国东航（600115）报收于5.44元，较前一交易日下跌5.88%，最新总市值为1201.57亿元。该股当日开盘5.82元，最高 5.82元，最低5.4元，成交额达15.71亿元，换手率为1.66%。 近日，中国东方航空股份有限公司披露《关于2026年度开展套期保值业务计划的公告》。公告显示，公司计划在2026年开展美元汇率和航油套期 保值业务，以对冲汇率波动和航油价格波动带来的经营风险。套期保值金额方面，预计任一交易日持有的最高合约价值不超过202.66亿元人民 币，动用的交易保证金和权利金上限不超过21.13亿元人民币。资金来源为自有资金和金融机构授信。公司已于2026年1月27日召开董事会审议通 过该计划，无需提交股东大会审议。公司已制定相关风控措施，包括设定止损线、选择信用良好的金融机构作为交易对手等。 最新公告列表 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 《中国东方航空股份有限公司关于2026年度开展套期保值业务计划的公告》 《中国东方航空股份有限公司董事会2026年第1次会议决议公告 ...