Core Viewpoint - Hainan Highway (000886.SZ) is optimizing its industrial layout and structure by acquiring a 51% stake in Hainan Huate from Jiaokong Real Estate for approximately RMB 21,072,502.53, which will be consolidated into the company's financial statements after the transaction is completed [1] Group 1: Transaction Details - The acquisition agreement was signed on November 26, 2025, with a total price of RMB 21,072,502.53 for the 51% stake [1] - The project involves a factory covering an area of 64,263 square meters, with a total construction area of 8,151.13 square meters [1] Group 2: Project Investment and Construction - The total investment for the project is approximately RMB 220 million, divided into two phases: Phase 1 with an investment of RMB 176 million and Phase 2 with an estimated investment of RMB 40 million [1] - Phase 1 includes the construction of a 30,000 cubic meter asphalt storage tank and production lines for various types of asphalt, with completion and trial production starting in September 2025 [1] - Phase 2 plans to build additional storage tanks and a packaging line, with construction timing dependent on market conditions [1] Group 3: Production Capacity - Upon full completion, the project is expected to achieve an annual storage and transfer capacity of 800,000 tons of asphalt [1]

Core Insights - The Hainan sector in the A-share market has shown significant activity, with multiple stocks experiencing notable gains, indicating a bullish trend in this region [1] Summary by Category Stock Performance - Kangzhi Pharmaceutical (康芝药业) saw an increase of 10.67%, with a total market capitalization of 6.185 billion and a year-to-date increase of 177.35% [2] - Hainan Ruize (海南瑞泽) and Hainan Haiyao (海南海药) both reached the daily limit up of 10%, with market capitalizations of 12 billion and 10 billion respectively [2] - Luoniushan (罗牛山) rose by 7.41%, with a market cap of 10.7 billion and a year-to-date increase of 39.78% [2] - Other notable performers include: - Xindazhou A (新大洲A) and Hainan Mining (海南矿业) both increased by over 4% [1] - Shennong Seed Industry (神农种业) rose by 4.49% with a market cap of 6.195 billion [2] - Haima Automobile (海马汽车) increased by 4.24%, with a market cap of 15.4 billion [2] - Hainan Rubber (海南橡胶) and Hainan Highway (海南高速) both saw increases of around 3.85% and 3.29% respectively [2] Market Trends - The MACD golden cross signal has formed, suggesting a positive momentum in the stock prices of these companies [1]

太平洋证券股份有限公司 关于海南高速公路股份有限公司 本次交易相关主体买卖股票情况的自查报告 之专项核查意见 海南高速公路股份有限公司（以下简称"上市公司"、"海南高速"）拟向海 南省交投商业集团有限公司支付现金购买其所持有的海南省交控石化有限公司 51.0019%股权（以下简称"本次交易"）。太平洋证券股份有限公司（以下简称"本 独立财务顾问"）接受上市公司委托，担任本次交易的独立财务顾问。 根据中国证券监督管理委员会《上市公司重大资产重组管理办法》《公开发 行证券的公司信息披露内容与格式准则第 26 号—上市公司重大资产重组》《监管 规则适用指引—上市类第 1 号》等法律、法规的规定，本独立财务顾问对海南高 速本次交易相关主体买卖股票的情况核查如下： 一、本次交易相关主体买卖股票情况自查期间和核查范围 （一）本次交易相关主体买卖股票情况自查期间 1、上市公司及其董事、监事（如有）、高级管理人员及有关知情人员； 2、上市公司控股股东、一致行动人、前述主体的董事、监事（如有）、高级 管理人员及有关知情人员； 3、交易对方及其董事、监事（如有）、高级管理人员及有关知情人员； 4、标的公司及其董事、监事（如有）、 ...

北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮政编码 100025 电话：（86-10）5809-1000 传真：（86-10）5809-1100 北京市竞天公诚律师事务所 关于海南高速公路股份有限公司 本次交易相关主体买卖股票情况的自查报告 之专项核查意见 致：海南高速公路股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司重大资产重组管理办 法》（以下简称"《重组管理办法》"）等法律、法规和规范性文件的有关规定， 北京市竞天公诚律师事务所（以下简称"本所"）接受海南高速公路股份有限公 司（以下简称"海南高速"或"上市公司"）的委托，担任海南高速公路股份有 限公司重大资产购买暨关联交易（以下简称"本次交易"）的专项法律顾问，并 出具了《北京市竞天公诚律师事务所关于海南高速公路股份有限公司重大资产购 买暨关联交易之法律意见书》（以下简称"《法律意见书》"）。 本所律师根据《公开发行证券的公司信息披露内容与格式准则第 26 号—— 上市公司重大资产重组》《监管规则适用指引——上市类第 1 号》《深圳证券交 易所上 ...

海南高速公路股份有限公司 关于本次交易相关主体买卖股票情况的 自查报告的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 海南高速公路股份有限公司（以下简称"公司"、"上市公司"、"海南高速"） 拟向海南省交投商业集团有限公司支付现金购买其所持有的海南省交控石化有 限公司 51.0019%股权（以下简称"本次交易"）。 证券代码：000886 证券简称：海南高速 公告编号：2025-068 根据中国证券登记结算有限责任公司出具的《信息披露义务人持股及股份 变更查询证明》《股东股份变更明细清单》、本次交易相关主体签署的自查报告、 相关方出具的说明与承诺等文件，在相关主体出具的自查报告、承诺等真实、 准确、完整的前提下，本次重大资产购买暨关联交易相关主体在自查期间买卖 公司股票的行为不属于利用本次交易的内幕信息进行的内幕交易行为，对本次 交易不构成实质性障碍。 根据中国证券监督管理委员会《上市公司重大资产重组管理办法》《公开发 行证券的公司信息披露内容与格式准则第 26 号—上市公司重大资产重组》《监 管规则适用指引—上市类第 1 号》《上市公 ...

Core Viewpoint - The A-share market in Hainan has experienced significant upward movement, with Hainan Ruize hitting the daily limit, while Hainan Gaosu, Hainan Development, and Kangzhi Pharmaceutical also saw increases [1] Company Summary - Hainan Ruize has reached a daily trading limit, indicating strong investor interest and potential bullish sentiment surrounding the company [1] - Hainan Gaosu, Hainan Development, and Kangzhi Pharmaceutical have followed suit with notable gains, suggesting a broader positive trend within the Hainan sector [1]

Group 1 - The Free Trade Port concept declined by 0.50%, ranking among the top declines in concept sectors, with Haima Automobile hitting the limit down [1] - Among the Free Trade Port stocks, Haima Automobile saw the largest net outflow of funds, totaling 1.82 billion yuan, followed by Haixia Shares and Hainan Airport with net outflows of 1.51 billion yuan and 1.05 billion yuan respectively [2][3] - In contrast, stocks like Shanghai Jianke and Zhongyuan Haike experienced gains of 3.24% and 2.69% respectively, indicating a mixed performance within the sector [1][3] Group 2 - The Free Trade Port sector experienced a net outflow of 720 million yuan today, with 26 stocks seeing outflows, and 6 stocks with outflows exceeding 50 million yuan [2] - The top gainers in the Free Trade Port sector included 22 stocks, with notable increases from Jiaoyun Shares (3.60%), Shanghai Jianke (3.24%), and Zhongyuan Haike (2.69%) [1][2] - The overall market sentiment for the Free Trade Port concept appears negative, as indicated by the significant net outflows and the performance of key stocks within the sector [2][3]

Group 1 - The core issue revolves around Hainan Highway's acquisition of an asset worth 46.6751 million yuan, which has raised inquiries from the Shenzhen Stock Exchange regarding the sustainability of the target company's operations in light of the policy banning fuel vehicles by 2030 in Hainan Province [1] - The evaluation agency stated that the assessment process adequately considered the impact of clean energy policies, projecting a 1.5% annual decline in fuel sales starting in 2026, based on the stagnation of fuel vehicle ownership growth in Hainan [1] - The discount rate used in the valuation was calculated using the Weighted Average Cost of Capital (WACC) model, resulting in a rate of 9.31%, with parameters based on industry guidelines and comparable listed company data [1] Group 2 - The assumption of continued operations is deemed reasonable, as the current large stock of fuel vehicles in Hainan (1.7155 million by the end of 2024) and their natural scrapping cycle (approximately 10 years) suggest a gradual decline in market demand rather than a sharp drop [2] - The target company is expected to maintain stable cash flow in the short term and has plans to transition into a comprehensive energy service provider integrating oil, gas, hydrogen, and electricity [2] - The transaction's pricing reflects a price-to-earnings ratio of 18.31 and a price-to-book ratio of 1.38, both of which are below the industry average for comparable cases [2]

格隆汇11月24日｜A股市场海南概念股普涨，其中，京粮控股10CM涨停，海南海药涨5%，海南高速涨 超4%，康芝药业、海德股份涨超3%。 ...

北京中评正信资产评估有限公司关于 《关于对海南高速公路股份有限公司 重大资产购买暨关联交易的问询函》的回复 深圳证券交易所: 海南高速公路股份有限公司(以下简称"海南高速"或"上市公司")于2025 年 11月 11 日收到贵所《关于对海南高速公路股份有限公司重大资产购买暨关联 交易的间询函》（并购重组问询函〔2025〕第 17号）,我公司对《问询函》所 提问题逐条进行了认真研究和落实,现回复如下: 1.《报告书》显示,标的公司主要从事成品油零售业务,本次交易采用收益 法评估结果作为评估结论,交易价格为 4,667.51 万元。请你公司: (1) 说明标的公司两年又一期主营业务构成情况,包括成品油零售、新能 源及其他服务收入、成本、利润变动情况、变动原因及未来发展规划等。 (2) 结合国务院《新能源汽车产业发展规划(2021-2035)》《海南省清洁 能源汽车发展规划》等政策文件以及燃油车保有量和销售量变化情况等,分析海 南省成品油零售业务的发展趋势;本次交易采用收益法评估结果作为最终评估 结论的合理性:收益法评估过程是否已充分考虑相关产业政策的影响,营业收 入、折现率等参数设定的依据及合理性;结合未来成品油 ...