Group 1 - The core viewpoint of the news is that Hainan Airport's stock has shown a significant increase this year, with a 30.33% rise, despite a slight decline in recent trading days [1][2] - As of November 28, Hainan Airport's stock price reached 4.92 yuan per share, with a market capitalization of 56.213 billion yuan [1] - The company has seen a net inflow of main funds amounting to 18.4735 million yuan, with large orders contributing significantly to the buying activity [1] Group 2 - Hainan Airport's main business segments include airport management (42.31% of revenue), real estate (23.41%), property management (15.57%), and other businesses (14.08%) [2] - The company reported a revenue of 3.280 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 6.09%, while the net profit attributable to shareholders decreased by 69.77% to 64.351 million yuan [2] - The company has distributed a total of 602.097 million yuan in dividends since its A-share listing, with 57.126 million yuan distributed over the past three years [3]

资金面上看，今日海南自贸区概念板块获主力资金净流出11.08亿元，其中，26股获主力资金净流出，9 股主力资金净流出超5000万元，净流出资金居首的是海南瑞泽，今日主力资金净流出2.38亿元，净流出 资金居前的还有中钨高新、神农种业、金盘科技等，主力资金分别净流出1.21亿元、1.20亿元、8717.39 万元。今日主力资金净流入居前的概念股有新大洲A、海南机场、海航控股等，主力资金分别净流入 1937.98万元、716.35万元、518.44万元。（数据宝） 截至11月27日收盘，海南自贸区概念下跌2.65%，位居概念板块跌幅榜前列，板块内，神农种业、京粮 控股、海南海药等跌幅居前，股价上涨的有3只，涨幅居前的有新大洲A、ST华闻、*ST椰岛等，分别 上涨3.85%、0.34%、0.15%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 有机硅概念 | 3.29 | 海南自贸区 | -2.65 | | 硅能源 | 1.99 | 培育钻石 | -1.67 | | 钠离子电池 | 1.99 | 小红书概念 | ...

截至11月24日收盘，自由贸易港概念下跌0.50%，位居概念板块跌幅榜前列，板块内，海马汽车跌停， 欣龙控股、海南瑞泽、海南矿业等跌幅居前，股价上涨的有22只，涨幅居前的有交运股份、上海建科、 中远海科等，分别上涨3.60%、3.24%、2.69%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 中船系 | 6.63 | 海南自贸区 | -2.19 | | 小红书概念 | 4.76 | 盐湖提锂 | -1.40 | | 军工信息化 | 4.63 | 磷化工 | -0.88 | | 太赫兹 | 4.47 | 自由贸易港 | -0.50 | | 快手概念 | 4.14 | 钛白粉概念 | -0.46 | | 智谱AI | 4.11 | 转基因 | -0.46 | | 兵装重组概念 | 4.00 | 石墨电极 | -0.40 | | 国产航母 | 3.97 | 大豆 | -0.37 | | Web3.0 | 3.89 | 化肥 | -0.30 | | 数字水印 | 3.89 | 养鸡 | -0.30 | 资金面上 ...

格隆汇11月24日｜A股市场海南概念股集体走弱，其中，海马汽车触及跌停，海南瑞泽、凯撒旅业、康 芝药业跌超7%，海南海药、海峡股份、神农种业、欣龙控股跌超6%，海南矿业跌超5%，海德股份、海 南机场、海汽集团跌超4%。 ...

数据显示，鹏华基金旗下1只基金重仓海南机场。鹏华中证800地产指数(LOF)A（160628）三季度减持 120.09万股，持有股数466.05万股，占基金净值比例为8.59%，位居第五大重仓股。根据测算，今日浮 亏损失约116.51万元。 鹏华中证800地产指数(LOF)A（160628）成立日期2021年1月1日，最新规模1.62亿。今年以来收益 3.04%，同类排名3879/4208；近一年亏损5.58%，同类排名3904/3981；成立以来收益3.53%。 鹏华中证800地产指数(LOF)A（160628）基金经理为闫冬。 11月24日，海南机场跌5.03%，截至发稿，报4.72元/股，成交6.24亿元，换手率1.40%，总市值539.27亿 元。 资料显示，海南机场设施股份有限公司位于海南省海口市美兰区国兴大道3号互联网金融大厦C座，成 立日期1993年5月12日，上市日期2002年8月6日，公司主营业务涉及机场投资经营管理、房地产开发等 业务。主营业务收入构成为：机场管理业务42.31%，房地产业务23.41%，物业管理业务15.57%，其他 (补充)14.08%，免税与商业业务4.63%。 从基 ...

Investment Rating - The report maintains an "Overweight" rating for the retail industry [1]. Core Insights - The Hainan Free Trade Port has entered the final 30-day sprint phase for its full closure operation, which began on November 18. The port optimization and "second-line" regulatory facility construction are nearing completion, with the expectation of achieving a regulatory framework of "first-line opening, second-line management, and island-wide freedom" [4][9]. - The policy framework post-closure focuses on "zero tariffs, low tax rates, and simplified tax systems." Approximately 6,600 products will benefit from zero tariffs, covering most production equipment and raw materials, allowing companies to save about 20% on import tax costs. Additionally, encouraged industries will enjoy a 15% corporate income tax rate, significantly reducing operational costs [10]. - The adjustment of the duty-free shopping policy for departing island travelers was implemented on November 11, which has led to a 28.52% year-on-year increase in duty-free sales amounting to 1.325 billion yuan as of November 17 [10]. Summary by Sections Industry Viewpoint - The report highlights the operational upgrade of port management as a critical step towards establishing a high-level free trade port system, facilitating the free flow of various elements within Hainan [9]. Market Review - For the week of November 17 to November 21, the retail index decreased by 7.24%, while the overall market indices also experienced declines, with the Shanghai Composite Index down by 3.90% [12]. Company Valuation Table - The report includes a valuation table for various companies, indicating that companies like China Duty Free Group, Wangfujing, and Hainan Airport are expected to benefit from the duty-free shopping policy adjustments [11][19].

Core Viewpoint - Hainan Airport's stock has experienced fluctuations, with a year-to-date increase of 31.92% but a recent decline of 8.12% over the past five trading days [1] Group 1: Stock Performance - As of November 21, Hainan Airport's stock price was 4.98 CNY per share, with a market capitalization of 568.98 billion CNY [1] - The stock has seen a trading volume of 4.70 billion CNY and a turnover rate of 1.01% [1] - Year-to-date, the stock has risen by 31.92%, with a recent decline of 8.12% over the last five trading days [1] - The stock has been on the "龙虎榜" once this year, with the last appearance on July 24, where it recorded a net buy of 95.44 million CNY [1] Group 2: Financial Performance - For the period from January to September 2025, Hainan Airport reported a revenue of 3.28 billion CNY, reflecting a year-on-year growth of 6.09% [2] - The net profit attributable to shareholders was 64.35 million CNY, showing a significant year-on-year decrease of 69.77% [2] Group 3: Business Overview - Hainan Airport, established on May 12, 1993, and listed on August 6, 2002, is primarily engaged in airport investment and management, as well as real estate development [2] - The revenue composition includes 42.31% from airport management, 23.41% from real estate, 15.57% from property management, and 4.63% from duty-free and commercial operations [2] - The company is categorized under the real estate development sector and is associated with concepts such as Hainan state-owned assets, Hainan Free Trade Zone, civil aviation, and land transfer [2] Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders was 111,400, a decrease of 15.16% from the previous period [2] - The average number of circulating shares per shareholder increased by 17.87% to 82,363 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 190 million shares, an increase of 23.83 million shares from the previous period [3]

海南机场设施股份有限公司（以下简称"公司"）分别于 2025 年 5 月 22 日召开 2024 年年度股东大会，审议并通过了《关于取消公司监事会并修订<公司 章程>的议案》，2025 年 10 月 30 日召开第二届第七次职工代表大会选举了公司 第十届董事会职工董事。具体内容详见公司分别于 2025 年 5 月 23 日与 2025 年 10 月 31 日披露的《2024 年年度股东大会决议公告》（公告编号：2025-038）与 《关于职工代表大会选举职工董事的公告》（公告编号：临 2025-074）。 近日，公司完成了工商变更登记和相关备案手续，取得了海南省市场监督管 理局换发的《营业执照》，最新的营业执照信息如下： 股票代码：600515 股票简称：海南机场 公告编号：临 2025-082 海南机场设施股份有限公司 关于完成工商变更登记并取得营业执照的公告 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。 法定代表人：杨小滨 注册资本：1,142,530.9602 万元人民币 注册地址：海南省海口市美兰区蓝天街道国兴大道 ...

Group 1 - The company announced the completion of a cash capital increase by its wholly-owned subsidiary, Hainan Airport Development Industry Group Co., Ltd., in partnership with non-related party Hainan Airlines Holding Co., Ltd. [2] - The capital increase involved an investment of approximately 766.85 million yuan and 1.63 billion yuan, raising the registered capital of Hainan Aviation Technology Co., Ltd. from 374.62 million yuan to 494.47 million yuan [2] - The ownership structure of Hainan Aviation Technology remains unchanged, with Hainan Airport holding 31.93% and Hainan Airlines holding 68.07% [2] Group 2 - The asset-liability ratio of Hainan Aviation Technology decreased to approximately 71.59%, a reduction of about 27.91 percentage points compared to the beginning of 2025 [2] - The company has completed the necessary business registration changes and obtained a new business license from the Hainan Provincial Market Supervision Administration [2] - Hainan Aviation Technology's business scope includes maintenance, repair, and refurbishment of aircraft and engines, as well as providing technical services and training for domestic and international airlines [2]

Core Viewpoint - Hainan Airport announced a capital increase for its subsidiary, Hainan Airport Development Industry Group Co., Ltd., in collaboration with non-related party Hainan Airlines Holding Co., Ltd., to invest in Hainan Aviation Technology Co., Ltd. [1] Group 1: Capital Increase Details - The capital increase amounts to 766,846,188.39 RMB and 1,634,764,147.78 RMB, respectively, for a total investment in Hainan Aviation Technology Co., Ltd. [1] - After the capital increase, the registered capital of Hainan Aviation Technology will rise from 374,617.22 million RMB to 494,471.8371 million RMB [1] - The shareholding ratios of Hainan Airport and Hainan Airlines Holding in Hainan Aviation Technology will remain unchanged at 31.9305% and 68.0695%, respectively [1] Group 2: Financial Impact - The asset-liability ratio of Hainan Aviation Technology decreased to approximately 71.59%, a reduction of about 27.91 percentage points compared to the beginning of 2025 [1] - The completion of the capital increase and the registration changes have been finalized with the Hainan Provincial Market Supervision Administration [1]