股票代码：600515 股票简称：海南机场 公告编号：临 2025-033 海南机场设施股份有限公司 第十届监事会第二十一次会议决议公告 本公司监事会及全体监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"）第十届监事会第二十一次 会议于 2025 年 5 月 9 日以现场结合通讯方式召开。会议通知以专人送达、电子 邮件、电话等方式发出。本次会议应到 4 人，实到 4 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： 《关于取消公司监事会并修订<公司章程>的议案》 本议案表决结果：同意 4 票；弃权 0 票；反对 0 票。 该项议案需经公司 2024 年年度股东大会审议批准。 具体内容详见与本公告同日披露的《关于取消公司监事会并修订<公司章 程>的公告》（公告编号：临 2025-034）。 特此公告。 海南机场设施股份有限公司监事会 二〇二五年五月十日 ...

股票代码：600515 股票简称：海南机场 公告编号：临 2025-032 海南机场设施股份有限公司 第十届董事会第二十七次会议决议公告 具体内容详见与本公告同日披露的《关于取消公司监事会并修订<公司章 程>的公告》（公告编号：临 2025-034）。 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。 特此公告。 海南机场设施股份有限公司（以下简称"公司"）第十届董事会第二十七次 会议于 2025 年 5 月 9 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 9 人，实到 9 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。 海南机场设施股份有限公司董事会 二〇二五年五月十日 会议审议并通过了以下事项： 《关于取消公司监事会并修订<公司章程>的议案》 本议案表决结果：同意 9 票；弃权 0 票；反对 0 票。 该项议案需经公司 2024 年年度股东大会审议批准。 ...

近期，海南机场设施股份有限公司（600515.SH，下称"海南机场"）发布公告，拟以自有及/或自筹资金，收购海南美兰国际空港股份有限公司 （00357.HK，下称"美兰空港"、"标的公司"）2.38亿股，约占总股份的50.19%。 随着二者身份由"兄弟公司"转变为"母子公司"，海南自贸港航空资源整合迈出关键一步，在2025年自贸港封关运作的背景下，通过进一步优化 机场资本配置和提升运营效率，为海南自贸港的对外开放与发展提供强有力的支撑。 具体来看，海南岛内共有三大民航机场，分别为海口美兰机场、三亚凤凰机场、琼海博鳌机场。其中，海口美兰机场的主体上市公司为美兰空 港，而后两者背后的上市公司为海南机场，因此不可避免的存在同业竞争和资源分散问题。 而此次收购后，海南机场将实现对于海南岛内三大机场的统一控制和管理，形成年旅客吞吐量超5000万人次的大型机场运营集团，提升协同效 应，为海南自贸港打造面向两洋航空区域门户枢纽建设注入强劲动能。 制图：佘诗婕 "A+H" 回溯历史，海南机场与美兰空港原属海航集团旗下资产。 2021年海航破产重整后，海南省国资委通过海南省发展控股有限公司（下称"海发控"）接手机场板块，成为海 ...

Investment Rating - The investment rating for Hainan Airport is "Accumulate" (maintained) [1] Core Views - Hainan Airport plans to acquire a controlling stake in Meilan Airport through self-raised funds, aiming to establish itself as the air gateway for Hainan Free Trade Port [8] - The integration of Meilan Airport's revenue into Hainan Airport's financial statements is expected to enhance overall income from outbound passenger traffic [8] - The company is positioned to benefit from the growth in tourism and the favorable policies associated with the Hainan Free Trade Port [8] Financial Forecasts - Total revenue is projected to reach CNY 6,762 million in 2023, with a significant increase to CNY 8,799 million by 2027, reflecting a compound annual growth rate (CAGR) of approximately 9.38% [1] - The net profit attributable to shareholders is expected to decline to CNY 458.50 million in 2024, before recovering to CNY 1,372.90 million by 2027, indicating a strong rebound in profitability [1] - The earnings per share (EPS) is forecasted to grow from CNY 0.04 in 2024 to CNY 0.12 in 2027, showcasing an improving earnings trajectory [1] Market Data - The closing price of Hainan Airport's stock is CNY 3.51, with a market capitalization of CNY 40,102.84 million [5] - The price-to-earnings (P/E) ratio is projected to decrease from 87.47 in 2024 to 29.21 in 2027, indicating a more attractive valuation over time [1] Operational Insights - Hainan Airport is in a growth phase, with both Sanya Phoenix Airport and Haikou Meilan Airport undergoing capacity expansion, which is expected to drive future revenue growth [8] - The company aims to fully consolidate the revenues from three airports in Hainan, enhancing its market position and operational efficiency [8]

股票代码：600515 股票简称：海南机场 公告编号：临 2025-030 海南机场设施股份有限公司 关于参加"2024 年度海南辖区上市公司业绩说明会暨投资者集体 接待日"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。 为推动辖区上市公司进一步建立董事会与投资者的良好沟通机制，让投资者更准 确地读懂年度报告、更全面地了解上市公司，切实提高上市公司透明度和治理水平， 海南证监局将与深圳市全景网络有限公司、海南上市公司协会联合举办"2024 年度 海南辖区上市公司业绩说明会暨投资者集体接待日"活动，活动时间为 2025 年 5 月 13 日 14:00-17:00，平台登陆地址为：http://rs.p5w.net。 届时，公司主要高管人员将参加本次活动，通过网络在线交流形式，就公司 2024 年年报披露、财务数据、公司治理、内部控制、发展战略、经营状况、现金分红、重 大事项、可持续发展等投资者所关心的问题，与投资者进行"一对多"形式的沟通与 交流。欢迎广大投资者踊跃参与。 特此公告。 海南机场设施股份有限公司董事会 二 ...

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： 投资者可于 2025 年 5 月 7 日(星期三)至 5 月 13 日(星期二)16:00 前登录上证路 演中心网站首页点击"提问预征集"栏目或通过公司邮箱 jcgfdshbgs@hnaport.com 进 行提问。公司将在本次说明会上对投资者普遍关注的问题进行回答。 海南机场设施股份有限公司（以下简称"公司"）已于 2025 年 4 月 15 日发布公 司 2024 年度报告、2025 年 4 月 29 日发布公司 2025 年第一季度报告，为便于广大投 资者更全面深入地了解公司 2024 年度及 2025 年第一季度经营成果、财务状况，公司 计划于 2025 年 5 月 14 日(星期三)下午 15:00-16:00 举行 2024 年度暨 2025 年第一季度 业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 股票代码：600515 股票简称：海南机场 公告编号：临 2025-031 海南机场设施股份有限公司 关于召开 2024 年度暨 2025 年 ...

中国机场行业或将迎来新的变局。 日前，海南机场（600515）(600515.SH)发布公告，拟出资23.39亿元收购海南美兰国际空港股份（600463）有限公 司(以下简称"美兰空港"或"标的公司")约2.38亿股内资股股份。 美兰空港是一家港股上市公司。上述交易完成后，海南机场还将对标的公司全部已发行内资股、H股进行全面收 购要约，拟维持美兰空港的上市地位。 美兰空港处于亏损状态。2023年、2024年，其合计亏损5.17亿元。这两年，海南机场的归属于母公司股东的净利 润(简称"归母净利润")持续下降，今年一季度延续了下滑势头。 为何要收购连续亏损的美兰空港？在业内人士看来，海南机场是在下一盘大棋。通过本次收购，海南机场将完成 岛内三家机场资源整合，助力海南自贸港打造航空区域门户枢纽。 整合三家机场解决同业竞争 23.39亿元收购一家亏损公司，海南机场有多重考量。 目前，海南岛内共有海口美兰机场、三亚凤凰机场、琼海博鳌机场三大民航机场。其中，海口美兰机场主体为港 股上市公司美兰空港(00357.HK)，三亚凤凰机场和琼海博鳌机场背后的主体为A股上市公司海南机场。 出现如今这样的局面与破产重整相关。2021 ...

Investment Rating - The report maintains an "Outperform" rating for Hainan Airport [1]. Core Views - Hainan Airport plans to acquire a 50.19% stake in Meilan Airport for 2.339 billion yuan, aiming to enhance its core business and competitiveness [5]. - The acquisition will consolidate Hainan's core aviation hub, supporting the development of the Hainan Free Trade Port and expanding the company's airport operations [5]. - The financial forecast for Hainan Airport shows a projected revenue increase from 4.368 billion yuan in 2024 to 5.492 billion yuan in 2025, with a net profit expected to rise from 459 million yuan to 787 million yuan in the same period [4][7]. Financial Data and Profit Forecast - Total revenue projections are as follows: - 2024: 4,368 million yuan - 2025E: 5,492 million yuan - 2026E: 6,020 million yuan - 2027E: 6,705 million yuan - Net profit projections are as follows: - 2024: 459 million yuan - 2025E: 787 million yuan - 2026E: 936 million yuan - 2027E: 987 million yuan - The gross profit margin is expected to improve from 41.3% in 2024 to 43.3% in 2025E [4][7].

Group 1 - The National Internet Information Office and six other departments have jointly issued the "Regulations on the Management of Direct Satellite Services for Terminal Equipment," effective from June 1, 2025, which governs the provision and use of direct satellite services within China [1] - China's low-orbit satellite constellation, Qianfan, has successfully completed five batches of satellite launches, with over 600 satellites ordered, amounting to approximately 4.5 billion RMB, and plans to deliver over 200 satellites by 2025 [1] Group 2 - MGM China reported total revenue of 7.994 billion HKD for Q1 2025, a decrease of 3.2% year-on-year, with adjusted EBITDA of 2.368 billion HKD, down 5.46% [6] - China Hongqiao reported a net profit of 6.357 billion RMB for Q1 2025, representing a year-on-year increase of 46.46%, with total revenue of 40.173 billion RMB, up 15.56% [10] Group 3 - NIO delivered 23,900 vehicles in April, a year-on-year increase of 53%, while Li Auto delivered 33,939 vehicles, up 31.6% [7] - BYD's total sales of new energy vehicles reached approximately 1.3809 million units in the first four months of 2025, reflecting a year-on-year growth of 46.98% [7] Group 4 - Xinda Biopharmaceuticals reported total product revenue exceeding 2.4 billion RMB in Q1 2025, maintaining a strong year-on-year growth of over 40%, with four new drugs launched during the quarter [9] - Hansoh Pharmaceutical's HS-20089 has been approved as a breakthrough therapy for platinum-resistant recurrent epithelial ovarian cancer by the National Medical Products Administration [8]

Core Viewpoint - Hainan Airport plans to acquire a 50.19% stake in Meilan Airport for RMB 2.339 billion, aiming to become the controlling shareholder and enhance its core competitiveness in the context of Hainan's Free Trade Port development [1][3][9] Group 1: Acquisition Details - The acquisition price is set at RMB 9.85 per share, with the total transaction amounting to RMB 2.339 billion for 237.5 million shares [1][5] - Following the acquisition, Hainan Airport intends to maintain Meilan Airport's listing status and will conduct a comprehensive tender offer for all outstanding shares [1][6] - The acquisition is expected to resolve the issue of intra-industry competition between Hainan Airport and Meilan Airport, which are currently independent listed companies [2][3] Group 2: Strategic Rationale - The acquisition is strategically timed to leverage the upcoming operational closure of Hainan's Free Trade Port by the end of 2025, which is anticipated to enhance Meilan Airport's operational performance [7][8] - Hainan Airport aims to integrate the operations of the three major airports in Hainan, potentially achieving an annual passenger throughput of over 50 million [3][4] - The consolidation is expected to improve operational efficiency and reduce costs, while also enhancing the overall profitability of Hainan Airport [4][8] Group 3: Financial Implications - Hainan Airport's financial performance has been under pressure due to its "de-real estate" strategy, with net profits declining in recent years [3][10] - The acquisition of Meilan Airport, which is currently experiencing losses, could significantly enhance Hainan Airport's financial results once Meilan returns to profitability [3][10] - Post-acquisition, the revenue from airport management is projected to exceed 60% of Hainan Airport's total income, facilitating a shift from real estate to aviation transportation classification [10] Group 4: Future Outlook - The integration of airport resources is expected to create a unique flow entry point for Hainan's Free Trade Port, enhancing the region's attractiveness for international trade and tourism [8][9] - Hainan Airport is actively working to expand international flight routes, with a target of 90 international routes by 2025, which will further attract businesses and enhance the flow of people and goods [8][9] - The acquisition is seen as a necessary step for Hainan Airport to solidify its position as a key player in the aviation sector within the context of the Free Trade Port [9]