记者丨 柳宁馨 编辑丨陶力 作为我国对外开放的前沿阵地，浦东有着突出的综合优势， 集聚了数千家高端制造与物流企 业，正逐步形成多层次、立体化的供应链出海实践。 当前，全球供应链加速重构，中国企业从"产品出海"向"体系出海"深度转型，供应链的安全、 韧性与效率已成为企业全球化布局的核心关键词。 从出海的市场路径看，中国企业在新兴市场与传统市场同步发力，印证了供应链布局的广度与 韧性。2025年前11个月，我国对共建"一带一路"国家合计进出口增长6%，对东盟、欧盟贸易 分别增长8.5%和5.4%。 浦东是观察中国企业出海的一个鲜明窗口，这里诞生了第一个国家级出口加工区、第一个自贸 试验区。近年来，浦东对外投资始终保持活跃态势，聚焦高端制造、数字服务、跨境物流等产 业链高价值环节，形成了总部决策、研发赋能、全球组网的出海特色，其体系化出海动能持续 凸显。 如何理解供应链出海的内涵与实践逻辑？ 浦东聚焦企业全球化布局实际需求与业务场景，鼓 励物流企业在海内外建设灵活多样的物流供应链基础设施，为"走出去"企业提供多功能和高度 灵活的物流仓储解决方案。依托区块链技术促进航运贸易数字化发展，支持"走出去"企业开展 航运贸易 ...

证券代码：603885 证券简称：吉祥航空 公告编号：2026-006 上海吉祥航空股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性公告 公司股东东方航空产业投资有限公司保证向本公司提供的信息真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少√ | | --- | --- | --- | --- | | 权益变动前合计比例 | 12.92% | | | | 权益变动后合计比例 | 12.00% | | | | 本次变动是否违反已作出的承 | 是□ | 否√ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否√ | | 上海吉祥航空股份有限公司（以下简称"公司"）近日收到公司股东东方航 空产业投资有限公司（以下简称"东航产投"）的通知，获悉东航产投通过集中 竞价交易方式减持公司股份，现将相关情况公告如下： 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | ...

Core Viewpoint - The company, 吉祥航空, has experienced a reduction in shareholding by 东航产投, which has decreased its stake from 12.92% to 12.00% through a series of transactions [1] Group 1 - 东航产投 has cumulatively reduced its holdings by 20.01 million shares from October 22, 2025, to February 5, 2026 [1] - The reduction in shareholding has triggered a change in equity that touches the 1% threshold [1]

从单一产品输出，迈向协同发展新阶段 作为我国对外开放的前沿阵地，浦东有着突出的综合优势，集聚了数千家高端制造与物流企业，正逐步 形成多层次、立体化的供应链出海实践。 当前，全球供应链加速重构，中国企业从"产品出海"向"体系出海"深度转型，供应链的安全、韧性与效 率已成为企业全球化布局的核心关键词。 从出海的市场路径看，中国企业在新兴市场与传统市场同步发力，印证了供应链布局的广度与韧性。 2025年前11个月，我国对共建"一带一路"国家合计进出口增长6%，对东盟、欧盟贸易分别增长8.5%和 5.4%。 浦东是观察中国企业出海的一个鲜明窗口，这里诞生了第一个国家级出口加工区、第一个自贸试验区。 近年来，浦东对外投资始终保持活跃态势，聚焦高端制造、数字服务、跨境物流等产业链高价值环节， 形成了总部决策、研发赋能、全球组网的出海特色，其体系化出海动能持续凸显。 如何理解供应链出海的内涵与实践逻辑？浦东聚焦企业全球化布局实际需求与业务场景，鼓励物流企业 在海内外建设灵活多样的物流供应链基础设施，为"走出去"企业提供多功能和高度灵活的物流仓储解决 方案。依托区块链技术促进航运贸易数字化发展，支持"走出去"企业开展航运贸易 ...

Core Viewpoint - The article highlights the transformation of Chinese enterprises from "product export" to "system export," emphasizing the importance of supply chain security, resilience, and efficiency in global operations. It showcases how Pudong is becoming a key hub for high-end manufacturing and logistics, facilitating a multi-layered and integrated approach to supply chain practices abroad [2][18]. Group 1: Supply Chain Transformation - Chinese enterprises are shifting their focus from simple product exports to comprehensive supply chain systems, with a notable increase in trade with Belt and Road countries, ASEAN, and the EU [2]. - Pudong has established itself as a significant observation point for Chinese enterprises going global, with a focus on high-value segments in manufacturing, digital services, and cross-border logistics [2][3]. - The integration of blockchain technology is being promoted to enhance the digital transformation of shipping and trade, supporting enterprises in their overseas operations [2][3]. Group 2: Logistics and Infrastructure Development - Companies like 吉祥航空 (Juneyao Airlines) and 运去哪 (Yunqian) are leveraging their unique advantages to create comprehensive supply chain support systems for enterprises going abroad [3][9]. - 吉祥航空 has expanded its international flight network significantly, with over 20,000 international flights executed in 2024, marking a 90% increase from 2023 [6]. - 运去哪 has established over 25 subsidiaries globally and built a network of over 500 million square feet of overseas warehouses, enhancing its logistics capabilities [12][13]. Group 3: Digital and Localized Solutions - 运去哪 is transitioning from a traditional logistics provider to a global supply chain platform, focusing on localized services and digital solutions to meet the evolving needs of Chinese enterprises [10][12]. - The company has integrated its digital capabilities to streamline international order processes, enhancing efficiency and reducing customs clearance times [12][13]. - Pudong's initiatives aim to position it as a leading destination for digital enterprise exports, fostering a robust ecosystem for data-driven trade [12][13]. Group 4: Port and Equipment Export - 振华重工 (Zhenhua Heavy Industries) has maintained a leading global market share in port equipment, with a 70% share in the overall market, serving around 300 ports worldwide [15][18]. - The company is evolving from equipment manufacturing to providing comprehensive solutions, including smart port and automated terminal technologies [15][16]. - By leveraging Pudong's policy support and industry collaboration, 振华重工 is enhancing its role in global supply chain infrastructure, contributing to the optimization of operational standards and rules [18].

Group 1 - The aviation and airport sector experienced a significant increase of 5.9% on February 4, with Huaxia Airlines leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the aviation sector showed notable price increases, with Huaxia Airlines rising by 10.02% to a closing price of 11.53, and China Eastern Airlines increasing by 9.98% to 6.28 [1] Group 2 - The net inflow of main funds in the aviation and airport sector was 796 million yuan, while retail funds saw a net outflow of 396 million yuan [1] - Major stocks like Hainan Airlines and China Eastern Airlines had varying levels of net fund inflow and outflow, with Hainan Airlines seeing a net inflow of 336 million yuan from main funds [2] - Retail investors showed a negative trend, with significant outflows from stocks such as China Eastern Airlines and China Southern Airlines, indicating a cautious sentiment among smaller investors [2]

Group 1 - The core viewpoint is that the extension of the Spring Festival holiday in 2026 will continue to support strong demand for family visits and travel [2] - The 2024 Spring Festival holiday will be adjusted to 8 days, extending by 1 day compared to 2023, and encouraging time off from New Year's Eve [2] - The 2025 Spring Festival holiday will increase by 1 day, optimizing the adjustment principles, and the significant "拼假" effect will be evident [2] Group 2 - The expected cross-regional personnel flow during the 2026 Spring Festival is projected to reach 9.5 billion, a year-on-year increase of approximately 5.3%, setting a new historical high [3] - The railway is expected to send 539 million passengers, a 5.0% increase year-on-year, with passenger capacity also increasing by 5.3% [3] - The civil aviation sector anticipates a passenger transport volume of 95 million, a year-on-year growth of 5.3%, with Southern Airlines and Eastern Airlines expecting daily flight increases of 4.2% and 3.6% respectively [3] Group 3 - The 2026 Spring Festival travel demand is expected to be strong, with a gradual increase in passenger flow and ticket prices maintaining year-on-year growth [4] - The pre-holiday week will see a mix of business and travel passengers, with a confirmed peak in passenger flow before the holiday [4] - The average domestic ticket price is expected to continue rising, supported by high passenger load factors and market-driven pricing [4] Group 4 - The Chinese aviation industry is anticipated to enter a "super cycle," driven by market-driven pricing and a recovery in demand and passenger structure [5] - The long-term logic will provide dual space for performance valuation, with continuous positive feedback from fundamentals and seasonal performance catalyzing market optimism [5] - Recommendations include increasing holdings in major airlines such as Air China, Juneyao Airlines, China Eastern Airlines, China Southern Airlines, and Spring Airlines [5]

Core Viewpoint - The A-share aviation sector experienced a significant surge, with major airlines like China Eastern Airlines and Huaxia Airlines hitting the daily limit, while Southern Airlines and Air China saw increases exceeding 6% [2][7]. Group 1: Market Performance - On February 4, 2026, the A-share aviation sector collectively rose, with Huaxia Airlines and China Eastern Airlines reaching the daily limit [2]. - Southern Airlines and Air China recorded gains of over 6% [2]. - The Shanghai Composite Index remained stable at 4067.67, while the ChiNext Index fell by 1.74% [3]. Group 2: Spring Festival Travel - The 2026 Spring Festival travel period began on February 2, with expectations of record-breaking passenger volumes [5]. - On the first day of the Spring Festival travel, civil aviation passenger volume reached 2.19 million, a 5.3% increase compared to the same period in 2025 [5]. - The average domestic economy class ticket price on the first day was 807 yuan, reflecting a 9.3% year-on-year increase, although it was a slight decrease of 1.5% compared to 2019 [5][6]. Group 3: Airline Strategies and Financial Performance - China Eastern Airlines has seen substantial stock price increases, with A-shares and H-shares rising by 50% and 105.79% respectively over the past year, making it the top performer among eight listed airlines in Shanghai and Hong Kong [7]. - The airline's "Three Flying Strategy" has contributed to its success, with the opening of 24 new international routes in 2025 [7]. - Huaxia Airlines is projected to report a net profit of 500 to 700 million yuan for 2025, marking an increase of 86.59% to 161.22% year-on-year [7]. - Southern Airlines is expected to turn a profit with a projected net profit of 800 to 1 billion yuan, while China Eastern and Air China anticipate significant reductions in losses due to tax adjustments [7].

2026.02. 04 本文字数：947，阅读时长大约1分钟 作者 | 第一财经 陈姗姗 2月4日，A股航空板块集体大涨。截至中午收盘，华夏航空和中国东航涨停，南方航空和中国国航涨幅也超过6%。 | 中国国航 | | | 8.94 | | 6.05% | | --- | --- | --- | --- | --- | --- | | 沪 601111 | | | | | | | 美元兑人民币(CFETS) | | | 6.9375 | | 0.02% | | FX USDCNY | | | | | | | NYMEX WTI原油 | | | 63.81 | | 0.95% | | 期 CL | | | | | | | 上证指数 | | | 4067.67 | | 0.00% | | 沪 000001 | | | | | | | 创业板指 | | | 3266.99 | | -1.74% | | 深 399006 | | | | | | | 海航控股 | | | 1.74 | | 4.19% | | 沪 600221 | | | | | | | 南方航空 | | | 8.25 | | 7.84% | | 沪 6 ...

Group 1 - The aviation and airport sector increased by 2.35% on February 3, with Southern Airlines leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the aviation sector showed varied performance, with Southern Airlines closing at 7.65, up 5.37%, and China Eastern Airlines at 5.71, up 4.20% [1] Group 2 - The aviation and airport sector experienced a net outflow of 43.44 million yuan from institutional investors, while retail investors saw a net outflow of 106 million yuan [3] - Notable inflows from speculative funds were recorded at 149 million yuan [3] - The stock performance of major companies included China Eastern Airlines with a net inflow of 69.47 million yuan from institutional investors [4] Group 3 - The Aerospace ETF (product code: 159227) tracked the National Aerospace Industry Index and saw a decline of 8.15% over the past five days, with a net subscription of 12.87 million yuan [6] - The General Aviation ETF (product code: 159230) tracked the National General Aviation Industry Index and experienced a decline of 9.25%, with a net subscription of 10.71 million yuan [7] - The Tourism ETF (product code: 562510) tracked the CSI Tourism Theme Index and saw a decline of 2.92%, with a net subscription of 8.91 million yuan [7]