股票代码：600515 股票简称：海南机场 公告编号：临 2025-066 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 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。 重要内容提示： 海南机场设施股份有限公司（以下简称"海南机场"或"公司"）于 2025 年 6 月 7 日披露了《关于子公司转让海南天羽飞行训练有限公司股权的公告》（公 告编号：临 2025-041），公司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"）拟将持有的海南天羽飞行训练有限公司（以下简称"天羽飞训" "标的公司"）100%股权以人民币 79,907.00 万元的价格转让至海南航空控股股份 有限公司（以下简称"海航控股"），本次股权转让完成后，海南空港将不再持有 天羽飞训的股权。 经交易双方友好协商，海南空港与海航控股签署《股权转让补充协议》，对 本次交易方案进行调整，主要增加对标的公司减值测试及补偿安排相关内容，并对 过渡期损益安排进行补充约定。本次签署补充协议事项已经公司第十届董事会第三 十四次会议审议通过 ...

Core Viewpoint - Hainan Airport Facilities Co., Ltd. is transferring 100% equity of Hainan Tianyu Flight Training Co., Ltd. to Hainan Airlines Holding Co., Ltd. for a price of RMB 799.07 million as part of its strategic plan to focus on its core airport business and optimize resource allocation [1][2][3] Transaction Overview - The transaction involves Hainan Airport's wholly-owned subsidiary, Hainan Airport Development Industry Group Co., Ltd., selling its entire stake in Hainan Tianyu Flight Training Co., Ltd. to Hainan Airlines Holding Co., Ltd. for RMB 799.07 million [1][2] - The transfer is aimed at aligning with the company's overall strategic planning and resource optimization [2][3] Supplementary Agreement Details - A supplementary agreement was signed to adjust the transaction plan, which includes provisions for impairment testing and compensation arrangements for the target company, as well as additional agreements regarding transitional profit and loss [2][3] - The supplementary agreement was approved by the company's board and does not require shareholder approval [2][3] Impairment Testing and Compensation - The agreement stipulates that an accounting firm will conduct an impairment test on the target company, with the impairment amount calculated based on specific criteria outlined in the agreement [3][4] - The results of the valuation report will be used to determine any necessary compensation within 60 working days after the impairment report is issued [4] Financial Reporting - The financial statements of the target company will be prepared based on the accounting policies unified by the acquirer [5]

Core Viewpoint - The board of directors of Hainan Airport Facilities Co., Ltd. convened its 34th meeting of the 10th session on August 27, 2025, to discuss and approve a proposal regarding the signing of a supplementary agreement for equity transfer by its wholly-owned subsidiary [1] Group 1 - The meeting was attended by all 8 directors, confirming the legality and validity of the proceedings [1] - The proposal regarding the signing of the supplementary agreement was unanimously approved with 8 votes in favor, 0 abstentions, and 0 votes against [1] - Further details regarding the equity transfer agreement are disclosed in a separate announcement released on the same day [1]

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 ...