股票代码：600515 股票简称：海南机场 公告编号：临 2025-067 海南机场设施股份有限公司 关于调整子公司与非关联方同比例增资金额的公告 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。 一、原增资事项概述 海南机场设施股份有限公司（以下简称"公司"）于 2025 年 6 月 7 日披露了 《关于子公司与非关联方同比例增资的公告》（公告编号：临 2025-042），全资子 公司海南空港开发产业集团有限公司（以下简称"海南空港"）拟与非关联方海南 航空控股股份有限公司（以下简称"海航控股"）分别以自有资金 814,304,788.39 元、1,735,936,480.58 元人民币对海航航空技术有限公司（以下简称"海航技术"） 进 行 同 比 例 增 资 ， 增 资 完 成 后 ， 海 航 技 术 注 册 资 本 由 374,617.22 万 元 增 至 501,889.40 万元，海南空港、海航控股对海航技术持股比例 31.9305%、68.0695%保 持不变。 二、增资标的财务数据 单位：万元 | 财务指标 | 2 ...

海南机场设施股份有限公司（以下简称"公司"）第十届董事会第三十四次会议 于 2025 年 8 月 27 日以现场结合通讯方式召开。会议通知已以专人送达、电子邮件、 电话等方式发出。本次会议由董事长杨小滨先生主持，应到 8 人，实到 8 人。本次会 议的召集、召开符合《公司法》及公司章程的有关规定，合法有效。 会议审议并通过了以下事项： 《关于全资子公司签署<股权转让补充协议>的议案》 该议案表决结果：同意 8 票；弃权 0 票；反对 0 票。 具体内容详见与本公告同日披露的《海南机场设施股份有限公司关于全资子公司 签署<股权转让补充协议>的公告》（公告编号：临 2025-066）。 特此公告。 股票代码：600515 股票简称：海南机场 公告编号：临 2025-065 海南机场设施股份有限公司 第十届董事会第三十四次会议决议公告 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。 海南机场设施股份有限公司董事会 二〇二五年八月二十八日 ...

海南机场公告，全资子公司海南空港开发产业集团有限公司与海南航空控股股份有限公司签署了《股权 转让补充协议》，将海南天羽飞行训练有限公司100%股权以7.99亿元的价格转让给海航控股。补充协 议增加了标的公司减值测试及补偿安排等内容。该交易已通过公司董事会审议，但需获得海航控股股东 大会审议通过并符合香港法律法规及监管要求。 ...

Core Viewpoint - Hainan Airport reported a revenue increase but a significant decline in net profit for the first half of 2025, indicating challenges in profitability despite higher sales [1] Financial Performance - Total revenue for Hainan Airport reached 2.311 billion yuan, a year-on-year increase of 2.66% [1] - Net profit attributable to shareholders was 128 million yuan, down 55.91% year-on-year [1] - In Q2 2025, total revenue was 1.22 billion yuan, up 15.36% year-on-year, while net profit was 27.24 million yuan, down 61.52% year-on-year [1] - Gross margin decreased to 37.85%, down 13.32% year-on-year, and net margin fell to 6.78%, down 52.44% year-on-year [1] - Total operating expenses (selling, administrative, and financial) amounted to 617 million yuan, accounting for 26.71% of revenue, an increase of 5.56% year-on-year [1] Key Financial Ratios - Earnings per share dropped to 0.01 yuan, a decrease of 55.73% year-on-year [1] - Operating cash flow per share was -0.08 yuan, down 142.54% year-on-year [1] - The company's net asset per share increased slightly to 2.06 yuan, up 1.19% year-on-year [1] Changes in Financial Items - Significant increase in trading financial assets by 32,533.38% due to the purchase of structured deposits worth 200 million yuan [1] - Accounts receivable decreased by 23.82% to 1.108 billion yuan [1] - Short-term borrowings increased by 726.87%, indicating a rise in financing activities [5] - Operating costs rose by 13.26%, attributed to increased costs in airport operations and lower margins in real estate projects [9] Investment Insights - The company's return on invested capital (ROIC) was 1.87%, indicating weak capital returns [12] - The company has experienced seven years of losses since its listing, suggesting a generally poor financial performance history [12] - Cash flow analysis indicates a concerning trend with negative operating cash flow over the past three years [14]

Core Viewpoint - Hainan Airport's performance shows signs of recovery in the first half of 2025, driven by stable core business development and positive future expectations, including the upcoming closure of the Hainan Free Trade Port and the acquisition of Meilan Airport [1][11][15]. Financial Performance - In the first half of 2025, Hainan Airport achieved operating revenue of 2.311 billion yuan, a year-on-year increase of 2.66% [1][11]. - The total profit for the period was 180 million yuan, with a net profit attributable to shareholders of 128 million yuan [1]. Business Segments - The company's main business segments include airport management, duty-free and commercial operations, real estate, property management, and others. Non-real estate businesses contributed over 62% of total revenue [8][12]. - Airport management generated revenue of 978 million yuan, duty-free and commercial operations brought in 107 million yuan, and property management contributed 360 million yuan [8]. Strategic Transformation - Hainan Airport is actively pursuing a "de-real estate" strategy, gradually exiting traditional real estate development to focus on sustainable profit-generating businesses [8][9]. - The company is enhancing its airport management business through the acquisition of a 50.19% stake in Meilan Airport for 2.339 billion yuan, which will allow for integrated operations across three major airports on Hainan Island [10][11]. Future Growth Drivers - The completion of key projects related to the Hainan Free Trade Port is expected to provide significant support for Hainan Airport's growth, with the potential to establish it as a world-class aviation hub [15][16]. - The expansion of international routes and the increase in passenger traffic, particularly from Europe, are anticipated to further boost the airport's performance [12][18]. Long-term Value - Despite short-term performance fluctuations, the long-term investment value of Hainan Airport is becoming increasingly solid due to the steady growth of non-real estate businesses and the rapid expansion of international routes [11][17]. - The upcoming closure of the Hainan Free Trade Port is expected to enhance the airport's hub status and flow value, benefiting various business segments [16][18].

Core Viewpoint - The report highlights the financial performance and operational status of Hainan Airport Infrastructure Co., Ltd. for the first half of 2025, indicating a decline in net profit and significant challenges in various business segments, while also emphasizing the company's strategic focus on leveraging the advantages of the Hainan Free Trade Port policy for future growth [2][11]. Financial Performance - The total operating revenue for the first half of 2025 was approximately CNY 2.31 billion, representing a 2.66% increase compared to the same period last year [2]. - The total profit for the period was CNY 180.39 million, a decrease of 44.99% year-on-year [2]. - The net profit attributable to shareholders was CNY 127.63 million, down 55.91% from the previous year [2]. - The net cash flow from operating activities was negative at CNY -882.31 million, indicating increased cash outflows compared to CNY -363.78 million in the previous year [2]. Business Operations - The company manages seven airports and has stakes in two others, with a focus on both aviation and non-aviation services [3][11]. - The airport management business includes passenger services, ground handling, and commercial activities, while non-aviation services encompass duty-free operations and real estate management [3][11]. - The company participated in five duty-free stores, generating approximately CNY 27 billion in sales, accounting for about 16% of the total duty-free sales in Hainan [11]. Industry Context - The aviation industry in China is experiencing a shift from quantity to quality, with a focus on service efficiency and customer satisfaction [7]. - The overall passenger throughput in the first half of 2025 reached 738 million, reflecting a 50% year-on-year increase, indicating robust growth in the aviation sector [7]. - The real estate market in Hainan showed mixed results, with a 7.2% decrease in overall investment but a 15% increase in new residential sales area [8]. Strategic Initiatives - The company is actively pursuing opportunities presented by the Hainan Free Trade Port, aiming to enhance its airport operations and expand its duty-free business [14][17]. - The ongoing expansion projects at key airports, such as Sanya Phoenix International Airport, are expected to increase commercial space and improve service offerings [14]. - The company is also focusing on diversifying its business model by integrating low-altitude economy services and enhancing its property management capabilities [16][17].

| | 海南机场设施股份有限公司2025 年半年度报告摘要 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 公司代码：600515 | 公司简称：海南机场 | | | | | | | | | | | | | | 海南机场设施股份有限公司 | | | | 海南机场设施股份有限公司2025 年半年度报告摘要 | | | | | | | | | 第一节 重要提示 | | | | | | | | 展规划，投资者应当到 | www.sse.com.cn 网站仔细阅读半年度报告全文。 | | | | | | | | 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | | | | | 不适用 | | | | | | | | | | 第二节 公司基本情况 | | | | | | | | | 公司股票简况 | | | | | | | | 股票种类 | 股票上市交易所 股票简称 | 股票代码 | | 变更前股 | | | | | 票简称 | | | | | | | | | A股 | 上海证券交易所 海南机场 600 ...

特此公告。 股票代码：600515 股票简称：海南机场 公告编号：临 2025-063 海南机场设施股份有限公司 第十届董事会第三十三次会议决议公告 该议案表决结果：同意 8 票；弃权 0 票；反对 0 票。 本议案已经第十届董事会审计委员会第十六次会议审议通过，全文详见上海证券 交易所网站 http://www.sse.com.cn。 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。 海南机场设施股份有限公司（以下简称"公司"）第十届董事会第三十三次会议 于 2025 年 8 月 25 日以现场结合通讯方式召开。会议通知已以专人送达、电子邮件、 电话等方式发出。本次会议由董事长杨小滨先生主持，应到 8 人，实到 8 人。本次会 议的召集、召开符合《公司法》及公司章程的有关规定，合法有效。 会议审议并通过了以下事项： 《公司 2025 年半年度报告及摘要》 海南机场设施股份有限公司董事会 二〇二五年八月二十六日 ...

Group 1 - The company reported a revenue of 2.311 billion yuan and a net profit of 128 million yuan for the first half of 2025 [1] - As of June 30, total assets reached 52.943 billion yuan, with a net asset attributable to shareholders of 23.513 billion yuan and a debt-to-asset ratio of 51.39%, a decrease of 0.78 percentage points from the beginning of the period, indicating continuous optimization of the asset-liability structure [1] - The company managed 9 airports, achieving 84,500 flight takeoffs and landings and a passenger throughput of 13.3711 million in the first half of 2025, with Sanya Phoenix International Airport alone handling 70,000 flight takeoffs and landings and 11.8138 million passengers, representing year-on-year growth of 11.59% and 8.49% respectively [1] Group 2 - The Hainan Free Trade Port will officially start full island closure operations on December 18, 2025, with all four key closure projects at Sanya Phoenix Airport and Qionghai Boao Airport completed and accepted [2] - The outbound passenger throughput from three airports in Hainan exceeded 1.12 million, with a year-on-year increase of 34.5% in the first half of 2025 [2] - The company is actively pursuing a "de-real estate" strategy and is involved in the development of the Haikou Jiangdong New Area, aiming to establish a demonstration base for aviation logistics and processing industries in the Hainan Free Trade Port [2]

Core Viewpoint - Hainan Airport Facilities Co., Ltd. reported stable operational performance and financial growth in the first half of 2025, benefiting from the development of the Hainan Free Trade Port [1][2]. Financial Performance - In the first half of 2025, Hainan Airport achieved operating revenue of 2.311 billion yuan and a net profit attributable to shareholders of 128 million yuan [1]. - As of June 30, 2025, the company had total assets of 52.943 billion yuan and net assets attributable to shareholders of 23.513 billion yuan, with a debt-to-asset ratio of 51.39%, a decrease of 0.78 percentage points from the beginning of the period [1]. Operational Highlights - The company managed 9 airports, completing 84,500 flight takeoffs and landings and handling 13.3711 million passengers in the first half of 2025 [1]. - Sanya Phoenix International Airport alone accounted for 70,000 flight takeoffs and landings and 11.8138 million passengers, representing year-on-year growth of 11.59% and 8.49%, respectively [1]. Strategic Outlook - Hainan Airport plans to leverage the open air rights policy of the Free Trade Port to enhance route development towards Europe, Australia, Southeast Asia, and the Middle East, aiming to activate the cultural tourism market in Hainan [2]. - The company aims to stabilize the operation of the fifth freedom rights routes and strive for the implementation of the seventh freedom rights routes, positioning Hainan as a regional aviation hub [2].