智通财经APP讯，海南高速(000886.SZ)发布2025年半年度报告，该公司营业收入为1.71亿元，同比增长 314.30%。归属于上市公司股东的净亏损为3531.43万元。归属于上市公司股东的扣除非经常性损益的净 亏损为3454.59万元。基本每股亏损为0.036元。 ...

Part I Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board, supervisory board, and senior management guarantee the report's accuracy, while the company plans no cash dividends or capital increases - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the half-year report, free from false records, misleading statements, or major omissions[5](index=5&type=chunk) - Company head Chen Taifeng, chief accountant Guo Dongyu, and accounting department head Guo Dongyu declare that the financial report in this half-year report is true, accurate, and complete[5](index=5&type=chunk) - The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital[6](index=6&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section lists the report's nine main chapters and their starting page numbers, guiding investors through the report's structure - The report contains nine main chapters, covering company operations, finance, governance, and significant matters[9](index=9&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms used in the report, including regulatory bodies, exchanges, the company, and major related parties - Key institutions and company names such as the China Securities Regulatory Commission, Shenzhen Stock Exchange, Hainan Expressway, and Hainan Communications Investment are defined[13](index=13&type=chunk) Part II Company Profile and Key Financial Indicators [1. Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) This section introduces the company's basic information, including stock name, code, listing exchange, and legal representative - Stock Abbreviation: Hainan Expressway, Stock Code: **000886**[15](index=15&type=chunk) - Stock Exchange where listed: Shenzhen Stock Exchange[15](index=15&type=chunk) - Legal Representative of the company: Chen Taifeng[15](index=15&type=chunk) [2. Contact Persons and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details for the company's board secretary and securities affairs representatives for investor communication - Board Secretary: Song Lan, Securities Affairs Representatives: Zhang Kansheng, Tan Jiaying[16](index=16&type=chunk) - Contact Address: Expressway Building, No. 16 Lantian Road, Haikou City, Hainan Province[16](index=16&type=chunk) [3. Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) This section states that the company's contact information, disclosure, and filing locations remained unchanged during the reporting period - The company's registered address, office address, website, and email address remained unchanged during the reporting period[17](index=17&type=chunk) - Information disclosure and filing locations remained unchanged during the reporting period[18](index=18&type=chunk) [4. Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section discloses the company's key accounting data and financial indicators, showing significant revenue growth but a net loss attributable to shareholders Key Accounting Data and Financial Indicators | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 170,648,349.87 | 41,190,027.04 | 314.30% | | Net Profit Attributable to Shareholders of Listed Company | -35,314,257.83 | 29,203,988.92 | -220.92% | | Net Cash Flow from Operating Activities | -51,271,888.87 | -349,588,933.35 | 85.33% | | Total Assets | 3,844,560,021.39 | 3,871,426,154.39 | -0.69% | | Net Assets Attributable to Shareholders of Listed Company | 3,003,168,475.81 | 3,031,618,433.42 | -0.94% | [5. Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) The company reports no differences in net profit and net assets between domestic and international accounting standards for the reporting period - The company reports no differences in net profit and net assets under domestic and overseas accounting standards for the reporting period[21](index=21&type=chunk)[22](index=22&type=chunk) [6. Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) This section details non-recurring gains and losses for the period, totaling a negative 768,320.11 yuan, including asset disposal gains and typhoon losses Non-Recurring Gains and Losses Items and Amounts | Item | Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Gains or losses from disposal of non-current assets | 1,639,331.60 | Gains from disposal of investment properties, etc | | Government grants recognized in current profit or loss | 281,818.23 | | | Gains or losses from changes in fair value and disposal of financial assets and liabilities | 167,465.74 | Structured deposit income | | Asset losses arising from force majeure | -3,156,236.12 | Asset losses due to typhoon | | Other non-operating income and expenses apart from the above | -624,680.95 | External donations, etc | | Other gains and losses that meet the definition of non-recurring gains and losses | 999,243.87 | Impact of non-recurring gains and losses from associates calculated by shareholding ratio | | Less: Income tax impact | 21,976.42 | | | Minority interests impact (after tax) | 53,286.06 | | | Total | -768,320.11 | | Part III Management Discussion and Analysis [1. Main Businesses Engaged by the Company During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company focused on its core transportation business, expanded into related services, and strategically developed new quality productive forces while optimizing existing operations [(I) Overview of Main Operating Businesses During the Reporting Period](index=9&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5) The company focused on its core transportation business, expanded into related services, and strategically developed new quality productive forces while optimizing existing operations - Focused on the core transportation business, expanding into transportation building materials, national and provincial trunk highway maintenance, highway agency construction, and engineering testing services[27](index=27&type=chunk) - Vigorously developed new quality productive forces, planned the construction of intelligent connected vehicle "vehicle-road-cloud integration" application pilot projects, and officially launched the underwater intelligent computing center invested by Digital Smart Expressway[28](index=28&type=chunk) - Optimized existing businesses, including tourism services, golden pomfret sales, real estate project sales, and hotel transformation and upgrading[29](index=29&type=chunk) - Deepened internal reforms, improved ESG management systems and internal control systems[31](index=31&type=chunk) - Planned and implemented capital operations, increasing shareholding in Haiqi Group to **14.61%**, applied for registration and issuance of short-term financing bonds, and intended to acquire **51.0019%** equity in Jiaokong Petrochemical with cash[32](index=32&type=chunk) [(II) Industry Overview During the Reporting Period](index=10&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) Hainan's transportation service industry experienced strategic opportunities, while the cultural tourism sector showed vitality, and the real estate market remained challenging - The transportation service industry benefited from the construction of a strong transportation network and the full customs clearance operation of the Hainan Free Trade Port, ushering in a strategic opportunity period for quality and efficiency improvement[33](index=33&type=chunk) - The company chose the "smart transportation" new track, utilizing digital and intelligent technologies to enhance transportation efficiency, safety, service, and management levels[34](index=34&type=chunk)[35](index=35&type=chunk) - The cultural tourism service industry continued to show vitality, with Hainan receiving **55.21 million tourists** in the first half of 2025, a **year-on-year increase of 8.1%**, and total tourist spending reaching **118.93 billion yuan**, a **year-on-year increase of 8.4%**[36](index=36&type=chunk) - The real estate industry generally showed policy support but remained in a bottoming-out phase, facing numerous challenges[36](index=36&type=chunk) [Development Strategy and Business Plan for the Next Year](index=12&type=section&id=%E5%8F%91%E5%B1%95%E6%88%98%E7%95%A5%E5%92%8C%E6%9C%AA%E6%9D%A5%E4%B8%80%E5%B9%B4%E7%BB%8F%E8%90%A5%E8%AE%A1%E5%88%92) The company plans to fully return to its core transportation business, strengthen infrastructure services, develop "smart transportation," optimize operations, and advance capital restructuring - In the second half of the year, the company will fully return to its core transportation business, strengthen the transportation infrastructure construction service chain, and build a comprehensive industry system integrating construction, testing, supervision, maintenance, and transportation building material supply[37](index=37&type=chunk)[38](index=38&type=chunk) - Vigorously develop new quality productive forces, focus on the "smart transportation" sector to promote transformation and upgrading, stably operate the Lingshui Intelligent Computing Center, plan the construction of intelligent connected vehicle "vehicle-road-cloud integration" application pilot projects, and explore opportunities in the low-altitude economy[38](index=38&type=chunk) - Optimize business layout, deepen reforms to improve quality and efficiency, innovate marketing and promotion methods for the Qionghai Jialang Yaju project, accelerate sales, and establish an ESG management system[39](index=39&type=chunk) - Fully leverage the core value function of a listed company, advance the major asset restructuring process as planned, and complete the application for registration and issuance of short-term financing bonds[39](index=39&type=chunk) [2. Analysis of Core Competencies](index=13&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies include Hainan Free Trade Port advantages, strong support from Hainan Communications Investment, and extensive experience in transportation project management - Possesses regional advantages of the Hainan Free Trade Port and policy advantages of customs clearance operations, with policy dividends accelerating industrial upgrading[40](index=40&type=chunk) - Hainan Communications Investment's restructuring and integration provide strong support for the company's development, strengthening synergistic development and building a modern comprehensive transportation system[40](index=40&type=chunk) - Possesses rich project development and management experience and a strong technical team, having accumulated high-quality customer resources and a good brand reputation[40](index=40&type=chunk) [3. Analysis of Main Business](index=13&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business revenue significantly increased due to the transportation sector, despite rising costs, while operating cash flow improved and investment income decreased [Overview](index=13&type=section&id=%E6%A6%82%E8%BF%B0) This section directs readers to the "Main Businesses Engaged by the Company During the Reporting Period" for an understanding of its core operations - For an overview of the main business, please refer to the relevant content in "1. Main Businesses Engaged by the Company During the Reporting Period"[42](index=42&type=chunk) [Year-on-Year Changes in Key Financial Data](index=14&type=section&id=%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%90%8C%E6%AF%94%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Revenue and costs significantly increased due to the transportation sector, operating cash flow improved, while investment cash flow decreased and financing cash flow increased from bank loans Key Financial Data Year-on-Year Changes | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 170,648,349.87 | 41,190,027.04 | 314.30% | Increase in transportation business segment revenue compared to prior year | | Operating Cost | 145,867,974.52 | 29,351,913.57 | 396.96% | Increase in transportation business segment costs compared to prior year | | Financial Expenses | -787,586.46 | -7,294,229.60 | 89.20% | Decrease in fixed deposit interest during the reporting period | | Income Tax Expense | -221,962.20 | 9,894,766.25 | -102.24% | Decrease in total profit during the reporting period | | Net Cash Flow from Operating Activities | -51,271,888.87 | -349,588,933.35 | 85.33% | Increase in receipts from transportation business and recovery of cooperation intention deposits | | Net Cash Flow from Investing Activities | -158,962,634.44 | -24,012,479.49 | -562.00% | Payments for computing equipment procurement and equity transfer | | Net Cash Flow from Financing Activities | 205,394,261.63 | -40,613,517.09 | 605.73% | Obtained bank loans | | Investment Income | 12,854,650.90 | 77,806,777.72 | -83.48% | Decrease in investment income from associates | [Composition of Operating Revenue](index=14&type=section&id=%E8%90%A5%E4%B8%9A%E6%94%B6%E5%85%A5%E6%9E%84%E6%88%90) Total operating revenue reached 171 million yuan, with transportation, services, cultural tourism, and real estate sectors all showing significant year-on-year growth Composition of Operating Revenue (by Industry) | Industry | Current Reporting Period Amount (Yuan) | Proportion of Operating Revenue | Prior Year Period Amount (Yuan) | Proportion of Operating Revenue | Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Transportation | 93,124,394.37 | 54.57% | 8,125,706.15 | 19.73% | 1,046.05% | | Services | 36,024,689.62 | 21.11% | 19,091,353.13 | 46.35% | 88.70% | | Cultural Tourism | 34,073,781.94 | 19.97% | 11,546,069.85 | 28.03% | 195.11% | | Real Estate | 7,425,483.94 | 4.35% | 2,426,897.91 | 5.89% | 205.97% | | Total Operating Revenue | 170,648,349.87 | 100% | 41,190,027.04 | 100% | 314.30% | [Industries, Products, or Regions Accounting for Over 10% of Operating Revenue or Operating Profit](index=15&type=section&id=%E5%8D%A0%E5%85%AC%E5%8F%B8%E8%90%A5%E4%B8%9A%E6%94%B6%E5%85%A5%E6%88%96%E8%90%A5%E4%B8%9A%E5%88%A9%E6%B6%A6%2010%25%E4%BB%A5%E4%B8%8A%E7%9A%84%E8%A1%8C%E4%B8%9A%E3%80%81%E4%BA%A7%E5%93%81%E6%88%96%E5%9C%B0%E5%8C%BA%E6%83%85%E5%86%B5) Transportation, services, and cultural tourism were key revenue drivers, with transportation revenue growing over 1000%, while real estate revenue also increased but with a significant margin decline Industries Accounting for Over 10% of Operating Revenue or Operating Profit | Industry | Operating Revenue (Yuan) | Operating Cost (Yuan) | Gross Margin | Year-on-Year Change in Operating Revenue | Year-on-Year Change in Operating Cost | Year-on-Year Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Transportation | 93,124,394.37 | 82,294,670.88 | 11.63% | 1,046.05% | 1,020.33% | 2.03% | | Services | 36,024,689.62 | 25,862,434.12 | 28.21% | 88.70% | 110.42% | -7.41% | | Cultural Tourism | 34,073,781.94 | 33,144,244.66 | 2.73% | 195.11% | 256.02% | -16.64% | | Real Estate | 7,425,483.94 | 4,566,624.86 | 38.50% | 205.97% | 1,025.24% | -44.78% | [4. Analysis of Non-Core Businesses](index=15&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-core businesses negatively impacted total profit, primarily due to reduced investment income and typhoon-related operating expenses Impact of Non-Core Businesses on Total Profit | Item | Amount (Yuan) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 12,854,650.90 | -40.31% | Long-term equity investment income | Yes | | Gains or losses from changes in fair value | 31,849.32 | -0.10% | | Yes | | Asset Impairment | 346,230.00 | -1.09% | | No | | Non-operating Income | 184,040.11 | -0.58% | | No | | Non-operating Expenses | 3,921,738.45 | -12.30% | Typhoon losses incurred | No | [5. Analysis of Assets and Liabilities](index=15&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total assets slightly decreased, but long-term equity investments and long-term borrowings significantly increased, indicating strategic adjustments in investment and financing structures [1. Significant Changes in Asset Composition](index=15&type=section&id=1%E3%80%81%E8%B5%84%E4%BA%A7%E6%9E%84%E6%88%90%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Total assets slightly decreased by 0.69%, with long-term equity investments and long-term borrowings showing notable increases in their proportion of total assets Significant Changes in Asset Composition | Item | Amount at End of Current Reporting Period (Yuan) | Proportion of Total Assets | Amount at End of Prior Year (Yuan) | Proportion of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 369,798,003.60 | 9.62% | 372,732,496.62 | 9.63% | -0.01% | | Long-term Equity Investments | 1,309,756,899.16 | 34.07% | 1,149,774,030.26 | 29.70% | 4.37% | | Right-of-Use Assets | 8,665,942.60 | 0.23% | 31,267,579.26 | 0.81% | -0.58% | | Short-term Borrowings | 0.00 | 0.00% | 11,613,505.56 | 0.30% | -0.30% | | Contract Liabilities | 32,835,424.52 | 0.85% | 3,306,280.31 | 0.09% | 0.76% | | Long-term Borrowings | 365,372,443.40 | 9.50% | 135,894,902.62 | 3.51% | 5.99% | [2. Major Overseas Assets](index=16&type=section&id=2%E3%80%81%E4%B8%BB%E8%A6%81%E5%A2%83%E5%A4%96%E8%B5%84%E4%BA%A7%E6%83%85%E5%86%B5) The company had no major overseas assets during the reporting period - The company had no major overseas assets during the reporting period[52](index=52&type=chunk) [3. Assets and Liabilities Measured at Fair Value](index=16&type=section&id=3%E3%80%81%E4%BB%A5%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E8%AE%A1%E9%87%8F%E7%9A%84%E8%B5%84%E4%BA%A7%E5%92%8C%E8%B4%9F%E5%80%BA) Fair value measured financial assets, primarily trading financial assets, decreased to 80.33 million yuan at period-end, mainly due to a reduction in structured deposits Assets and Liabilities Measured at Fair Value | Item | Beginning Balance (Yuan) | Fair Value Change Gain/Loss for Current Period (Yuan) | Amount Sold in Current Period (Yuan) | Ending Balance (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | 110,381,224.74 | 167,465.74 | 30,215,753.42 | 80,332,937.06 | | Of which: Structured Deposits | 30,048,287.68 | | 30,048,287.68 | 0.00 | | Equity Investments | 80,332,937.06 | | 0.00 | 80,332,937.06 | [4. Asset Restrictions as of the End of the Reporting Period](index=16&type=section&id=4%E3%80%81%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%9A%84%E8%B5%84%E4%BA%A7%E6%9D%83%E5%88%A9%E5%8F%97%E9%99%90%E6%83%85%E5%86%B5) Assets totaling 810 million yuan were restricted, including cash, inventory, and fixed assets, primarily due to performance bonds, frozen funds, and bank loan collateral Asset Restrictions | Item | Balance (Yuan) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 4,529,055.69 | Performance bonds, frozen funds, bank acceptance deposit | | Inventory | 718,483,621.30 | Bank loan collateral | | Fixed Assets | 86,619,601.68 | Bank loan collateral | | Total | 809,632,278.67 | | - **48%** equity (24 million yuan) of subsidiary Digital Smart Expressway Intelligent Computing Center (Lingshui) Co., Ltd. was pledged to Hainan Bank as collateral for fixed asset loans[56](index=56&type=chunk) [6. Analysis of Investment Status](index=17&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) Total investments decreased year-on-year, but the company made a significant equity investment by increasing its stake in Haiqi Group, with no major non-equity or derivative investments [1. Overall Situation](index=17&type=section&id=1%E3%80%81%E6%80%BB%E4%BD%93%E6%83%85%E5%86%B5) The company's total investment for the reporting period was 143 million yuan, representing an 18.40% decrease compared to the previous year Total Investment | Indicator | Amount (Yuan) | | :--- | :--- | | Investment Amount for Current Reporting Period | 142,666,811.07 | | Investment Amount for Prior Year Period | 174,829,325.47 | | Change Percentage | -18.40% | [2. Significant Equity Investments Acquired During the Reporting Period](index=18&type=section&id=2%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E8%8E%B7%E5%8F%96%E7%9A%84%E9%87%8D%E5%A4%A7%E7%9A%84%E8%82%A1%E6%9D%83%E6%8A%95%E8%B5%84%E6%83%85%E5%86%B5) The company invested 49.98 million yuan to increase its stake in Hainan Haiqi Transportation Group Co., Ltd. to 14.61%, funded by bank credit and own capital Significant Equity Investment Status | Investee Company Name | Main Business | Investment Method | Investment Amount (Yuan) | Shareholding Ratio | Source of Funds | Progress as of Balance Sheet Date | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Hainan Haiqi Transportation Group Co., Ltd. | Road passenger transport, passenger station operation, tourism, logistics, and automotive services | Capital increase | 49,984,800.00 | 14.61% | Bank credit funds and own funds | Capital increase completed | [3. Significant Non-Equity Investments in Progress During the Reporting Period](index=19&type=section&id=3%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%AD%A3%E5%9C%A8%E8%BF%9B%E8%A1%8C%E7%9A%84%E9%87%8D%E5%A4%A7%E7%9A%84%E9%9D%9E%E8%82%A1%E6%9D%83%E6%8A%95%E8%B5%84%E6%83%85%E5%86%B5) The company had no significant non-equity investments in progress during the reporting period - The company had no significant non-equity investments in progress during the reporting period[60](index=60&type=chunk) [4. Financial Asset Investments](index=19&type=section&id=4%E3%80%81%E9%87%91%E8%9E%8D%E8%B5%84%E4%BA%A7%E6%8A%95%E8%B5%84) The company had no securities or derivative investments during the reporting period - The company had no securities investments during the reporting period[60](index=60&type=chunk) - The company had no derivative investments during the reporting period[61](index=61&type=chunk) [5. Use of Raised Funds](index=19&type=section&id=5%E3%80%81%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E4%BD%BF%E7%94%A8%E6%83%85%E5%86%B5) The company had no use of raised funds during the reporting period - The company had no use of raised funds during the reporting period[62](index=62&type=chunk) [7. Significant Asset and Equity Sales](index=19&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) The company did not sell any significant assets or equity during the reporting period [1. Significant Asset Sales](index=19&type=section&id=1%E3%80%81%E5%87%BA%E5%94%AE%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E6%83%85%E5%86%B5) The company did not sell any significant assets during the reporting period - The company did not sell any significant assets during the reporting period[63](index=63&type=chunk) [2. Significant Equity Sales](index=19&type=section&id=2%E3%80%81%E5%87%BA%E5%94%AE%E9%87%8D%E5%A4%A7%E8%82%A1%E6%9D%83%E6%83%85%E5%86%B5) The company did not sell any significant equity during the reporting period - The company did not sell any significant equity during the reporting period[64](index=64&type=chunk) [8. Analysis of Major Holding and Participating Companies](index=19&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) Key subsidiaries operated normally, with Hainan Road and Bridge Engineering Testing Co., Ltd. achieving the highest net profit, while associates also contributed significantly Major Subsidiaries and Associates Financial Status | Company Name | Company Type | Main Business | Registered Capital (Yuan) | Total Assets (Yuan) | Net Assets (Yuan) | Operating Revenue (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Hainan Expressway Engineering Construction Group Co., Ltd. | Subsidiary | Engineering management services, engineering technical services, etc | 100,000,000 | 362,674,615.25 | 75,428,810.46 | 32,440,315.75 | 714,024.93 | | Hainan Expressway Maintenance Co., Ltd. | Subsidiary | Construction engineering, highway management and maintenance, etc | 10,000,000 | 161,230,778.99 | 41,537,044.86 | 42,078,875.02 | 3,105,090.72 | | Hainan Road and Bridge Engineering Testing Co., Ltd. | Subsidiary | Landscape engineering construction, urban greening management, etc | 10,000,000 | 32,316,710.81 | 19,876,926.51 | 18,872,043.22 | 7,096,844.00 | | Hainan Expressway Ruihai Real Estate Co., Ltd. | Subsidiary | Real estate development and operation, bonded warehouse operation, etc | 20,000,000 | 790,039,982.31 | 188,670,814.84 | 5,995,693.58 | 1,517,492.01 | | Hainan Haiqi Transportation Group Co., Ltd. | Associate | Road passenger transport, passenger station development and operation, tourism, etc | 316,000,000 | 2,632,047,413.98 | 833,069,019.67 | 362,593,411.83 | 27,887,119.74 | | Hainan United Asset Management Co., Ltd. | Associate | Undertaking, acquiring, managing, and disposing of distressed real estate and claims from state-owned commercial banks and four major asset management companies | 197,114,305.82 | 6,409,435,373.47 | 3,349,594,806.91 | 170,524,622.49 | 62,607,444.70 | [9. Structured Entities Controlled by the Company](index=21&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company had no controlled structured entities during the reporting period - The company had no controlled structured entities during the reporting period[68](index=68&type=chunk) [10. Risks Faced by the Company and Countermeasures](index=21&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces macroeconomic, policy, and market risks, which it addresses by focusing on core transportation, developing new productive forces, and strengthening capital operations - The company faces macroeconomic risks, with countermeasures including closely following macroeconomic policy guidance, focusing on the transportation industry, cultivating new quality productive force projects, improving operational quality and efficiency, and strengthening capital operations[68](index=68&type=chunk) - The company faces policy risks, with countermeasures including closely monitoring economic cycle fluctuations and industry policy dynamics, and promoting business layout optimization and new industry project implementation through strategic focus, management improvement, and technological empowerment[68](index=68&type=chunk)[69](index=69&type=chunk) - The company faces market risks, with countermeasures including strengthening internal control measures for investment management, scientifically screening investment targets, rapidly building or introducing professional management and technical personnel teams, thoroughly researching industry development trends, and optimizing business directions[69](index=69&type=chunk) [11. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=22&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not formulated a market value management system nor disclosed a valuation enhancement plan - The company has not formulated a market value management system[70](index=70&type=chunk) - The company has not disclosed a valuation enhancement plan[70](index=70&type=chunk) [12. Implementation of "Quality and Return Dual Improvement" Action Plan](index=22&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%22%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%22%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not disclosed an announcement regarding the "Quality and Return Dual Improvement" action plan - The company has not disclosed an announcement regarding the "Quality and Return Dual Improvement" action plan[70](index=70&type=chunk) Part IV Corporate Governance, Environment, and Society [1. Changes in Directors, Supervisors, and Senior Management](index=22&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Senior management changes occurred during the reporting period, with Hu Dong appointed as Deputy General Manager and Zhou Kun resigning from multiple positions - Hu Dong was appointed as Deputy General Manager on February 7, 2025[71](index=71&type=chunk) - Zhou Kun resigned as employee director due to work transfer on April 9, 2025[71](index=71&type=chunk) - Zhou Kun was dismissed from the positions of Deputy General Manager and Chief Accountant due to work transfer on April 9, 2025[71](index=71&type=chunk) [2. Profit Distribution and Capital Reserve Conversion to Share Capital During the Reporting Period](index=23&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company plans no cash dividends, bonus shares, or capital reserve conversions to share capital for the half-year period - The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital for the half-year period[72](index=72&type=chunk) [3. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=23&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[73](index=73&type=chunk) [4. Environmental Information Disclosure](index=23&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) Neither the listed company nor its major subsidiaries are included in the list of enterprises required to disclose environmental information by law - Neither the listed company nor its major subsidiaries are included in the list of enterprises required to disclose environmental information by law[74](index=74&type=chunk) [5. Social Responsibility](index=23&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfills its social responsibilities by safeguarding employee rights, participating in public welfare, and supporting rural revitalization efforts with significant funding [(I) Actively Fulfilling Social Responsibilities](index=23&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E7%A7%AF%E6%9E%81%E5%B1%A5%E8%A1%8C%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB) The company actively fulfills its social responsibilities by safeguarding employee rights, providing comprehensive social insurance, and participating in public welfare activities - Strictly safeguards the legitimate rights and interests of employees in accordance with laws and regulations, pays various social insurances and housing provident funds, and purchases supplementary medical insurance[75](index=75&type=chunk) - Actively carries out warm-hearted visits and employee cultural and sports activities to enhance corporate cohesion[75](index=75&type=chunk) - Contributed **11,400 yuan** to support the development of disability causes; organized blood donation activities, with **33 people** successfully donating **8,650 milliliters** of blood[76](index=76&type=chunk) [(II) Consolidating and Expanding Poverty Alleviation Achievements, Actively Carrying Out Rural Revitalization Work](index=23&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%B7%A9%E5%9B%BA%E6%8B%93%E5%B1%95%E8%84%B1%E8%B4%AB%E6%94%BB%E5%9D%9A%E6%88%90%E6%9E%9C%EF%BC%8C%E7%A7%AF%E6%9E%81%E5%BC%80%E5%B1%95%E4%B9%A1%E6%9D%91%E6%8C%AF%E5%85%B4%E5%B7%A5%E4%BD%9C) The company invested 578,300 yuan in poverty alleviation and rural revitalization, supporting local party building, industrial development, and cultural infrastructure - Invested **578,300 yuan** in assistance funds during the first half of the year, implementing targeted assistance and rural revitalization tasks[77](index=77&type=chunk) - Supported Party building work in Tuoma Village, developed chicken and yellow cattle breeding industries, and constructed cultural squares and drinking water well projects[77](index=77&type=chunk) - Carried out consumption assistance activities, purchasing **34,800 yuan** worth of consumption assistance products; conducted Spring Festival visits and慰问 activities[78](index=78&type=chunk) Part V Significant Matters [1. Commitments Fulfilled and Overdue Unfulfilled by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and Other Committed Parties During and as of the End of the Reporting Period](index=25&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The company reports no fulfilled or overdue unfulfilled commitments by its actual controller, shareholders, related parties, or other committed parties during the reporting period - The company reports no fulfilled or overdue unfulfilled commitments by related parties during the reporting period[80](index=80&type=chunk) [2. Non-Operating Funds Occupied by Controlling Shareholders and Other Related Parties from the Listed Company](index=25&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) The company reports no non-operating funds occupied by controlling shareholders or other related parties during the reporting period - The company reports no non-operating funds occupied by controlling shareholders and other related parties from the listed company during the reporting period[81](index=81&type=chunk) [3. Irregular External Guarantees](index=25&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[82](index=82&type=chunk) [4. Appointment and Dismissal of Accounting Firms](index=25&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's half-year financial report was not audited - The company's half-year report was not audited[83](index=83&type=chunk) [5. Board of Directors' and Supervisory Board's Explanations on "Non-Standard Audit Report" for the Current Period](index=25&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) The company reports no explanations from the Board of Directors or Supervisory Board regarding a "non-standard audit report" for the current period - The company reports no explanations from the Board of Directors or Supervisory Board regarding a "non-standard audit report" for the current period[84](index=84&type=chunk) [6. Board of Directors' Explanations on "Non-Standard Audit Report" for the Previous Year](index=25&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) The company reports no explanations from the Board of Directors regarding a "non-standard audit report" for the previous year - The company reports no explanations from the Board of Directors regarding a "non-standard audit report" for the previous year[84](index=84&type=chunk) [7. Bankruptcy and Reorganization Matters](index=25&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company had no bankruptcy or reorganization matters during the reporting period - The company had no bankruptcy or reorganization matters during the reporting period[84](index=84&type=chunk) [8. Litigation Matters](index=25&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company had no significant litigation, arbitration, or other litigation matters during the reporting period - The company had no significant litigation or arbitration matters during the reporting period[85](index=85&type=chunk) - The company had no other litigation matters during the reporting period[85](index=85&type=chunk) [9. Penalties and Rectification](index=26&type=section&id=%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[86](index=86&type=chunk) [10. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=26&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) The company reports no integrity issues concerning itself, its controlling shareholder, or its actual controller during the reporting period - The company reports no integrity issues concerning itself, its controlling shareholder, or its actual controller during the reporting period[87](index=87&type=chunk) [11. Significant Related Party Transactions](index=26&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company had no significant related party transactions, including those related to daily operations, asset/equity acquisitions, joint investments, or debt during the reporting period - The company had no related party transactions related to daily operations during the reporting period[87](index=87&type=chunk) - The company had no related party transactions involving asset or equity acquisition or disposal during the reporting period[88](index=88&type=chunk) - The company had no related party transactions involving joint external investment during the reporting period[89](index=89&type=chunk) - The company had no related party debt transactions during the reporting period[90](index=90&type=chunk) - There were no deposits, loans, credit lines, or other financial business between the company and related financial companies[91](index=91&type=chunk) - There were no deposits, loans, credit lines, or other financial business between the company's controlled financial companies and related parties[92](index=92&type=chunk) - The company had no other significant related party transactions during the reporting period[93](index=93&type=chunk) [12. Significant Contracts and Their Performance](index=27&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company had no significant contracts, including entrustment, contracting, leasing, guarantees, or wealth management, during the reporting period - The company had no entrustment situations during the reporting period[94](index=94&type=chunk) - The company had no contracting situations during the reporting period[95](index=95&type=chunk) - The company had no leasing situations during the reporting period[96](index=96&type=chunk) - The company had no significant guarantee situations during the reporting period[97](index=97&type=chunk) - The company had no entrusted wealth management during the reporting period[98](index=98&type=chunk) - The company had no other significant contracts during the reporting period[99](index=99&type=chunk) [13. Explanation of Other Significant Matters](index=27&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company disclosed several significant matters, including providing financing guarantees, increasing its stake in Haiqi Group, and planning to issue short-term financing bonds - Provided financing guarantees of up to **130 million yuan** for its wholly-owned subsidiary Construction Group's loan application from Industrial Bank[100](index=100&type=chunk) - Increased its stake in Haiqi Group through centralized bidding to optimize investment layout and improve investment quality[100](index=100&type=chunk) - Controlling shareholder Hainan Communications Investment planned to increase its shareholding in the company by **40 million to 45 million yuan** through centralized bidding, which has been completed[101](index=101&type=chunk) - The company plans to apply to the National Association of Financial Market Institutional Investors for registration and issuance of short-term financing bonds with a total amount not exceeding **300 million yuan** to expand financing channels and optimize debt structure[101](index=101&type=chunk)[102](index=102&type=chunk) [14. Significant Matters of Company Subsidiaries](index=28&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) A subsidiary underwent a significant event involving the public transfer of 100% equity in Hainan Danzhou Dongpo Yajv Real Estate Co., Ltd - The company publicly transferred **100%** equity of its wholly-owned subsidiary Hainan Danzhou Dongpo Yajv Real Estate Co., Ltd[102](index=102&type=chunk) Part VI Share Changes and Shareholder Information [1. Share Change Status](index=29&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company's total share capital remained unchanged at 988.83 million shares, with no alterations in the proportions of restricted and unrestricted shares Share Change Status | Item | Number of Shares Before Change | Proportion Before Change | Number of Shares After Change | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 10,991,402 | 1.11% | 10,991,402 | 1.11% | | II. Unrestricted Shares | 977,836,898 | 98.89% | 977,836,898 | 98.89% | | III. Total Shares | 988,828,300 | 100.00% | 988,828,300 | 100.00% | - Reasons for share changes, approval status, transfer status, and progress of share repurchases are all not applicable or unchanged during the reporting period[105](index=105&type=chunk) [2. Securities Issuance and Listing](index=30&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company had no securities issuance or listing activities during the reporting period - The company had no securities issuance or listing activities during the reporting period[105](index=105&type=chunk) [3. Number of Shareholders and Shareholding Status](index=30&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the reporting period end, the company had 57,493 common shareholders, with Hainan Communications Investment Holding Co., Ltd. being the largest shareholder at 26.14% - Total number of common shareholders at the end of the reporting period: **57,493** households[106](index=106&type=chunk) Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held at End of Reporting Period (Shares) | Change in Shares During Reporting Period (Shares) | Number of Unrestricted Shares Held (Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Hainan Communications Investment Holding Co., Ltd. | State-owned Legal Person | 26.14% | 258,512,239 | 7,476,200 | 258,512,239 | | Luo Ruiyun | Domestic Natural Person | 2.52% | 24,874,000 | -4,561,200 | 24,874,000 | | Lin Xiang | Domestic Natural Person | 1.21% | 12,000,000 | 28,000,395 | 12,000,000 | | WAN MING | Overseas Natural Person | 1.16% | 11,447,860 | 0 | 11,447,860 | | Industrial and Commercial Bank of China Co., Ltd. - Southern CSI All-Share Real Estate ETF | Other | 1.02% | 10,080,600 | 3,865,600 | 10,080,600 | - The company is unaware of any associated relationships between the aforementioned shareholders, nor whether they are concerted parties as defined by the "Administrative Measures for Information Disclosure on Changes in Shareholdings of Listed Company Shareholders"[107](index=107&type=chunk) [4. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=32&type=section&id=%E5%9B%9B%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period - The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period[109](index=109&type=chunk) [5. Changes in Controlling Shareholder or Actual Controller](index=32&type=section&id=%E4%BA%94%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder remained unchanged during the reporting period[110](index=110&type=chunk) - The company's actual controller remained unchanged during the reporting period[110](index=110&type=chunk) [6. Preferred Share Information](index=33&type=section&id=%E5%85%AD%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[111](index=111&type=chunk) Part VII Bond-Related Information [Bond-Related Information](index=34&type=section&id=%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[113](index=113&type=chunk) Part VIII Financial Report [1. Audit Report](index=35&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's half-year financial report was not audited - The company's half-year financial report was not audited[115](index=115&type=chunk) [2. Financial Statements](index=35&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in equity [1. Consolidated Balance Sheet](index=35&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, consolidated total assets were 3.845 billion yuan, with current assets at 2.020 billion yuan and total liabilities at 801 million yuan Consolidated Balance Sheet Key Data | Item | Ending Balance (Yuan) | Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 3,844,560,021.39 | 3,871,426,154.39 | | Total Current Assets | 2,020,230,585.95 | 2,153,156,318.09 | | Total Non-Current Assets | 1,824,329,435.44 | 1,718,269,836.30 | | Total Liabilities | 801,373,236.48 | 803,436,359.06 | | Total Owners' Equity | 3,043,186,784.91 | 3,067,989,795.33 | [2. Parent Company Balance Sheet](index=38&type=section&id=2%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2025, parent company total assets were 3.187 billion yuan, with current assets at 1.193 billion yuan and total liabilities at 365 million yuan Parent Company Balance Sheet Key Data | Item | Ending Balance (Yuan) | Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 3,186,672,655.55 | 3,093,708,352.23 | | Total Current Assets | 1,192,918,878.21 | 1,322,006,539.09 | | Total Non-Current Assets | 1,993,753,777.34 | 1,771,701,813.14 | | Total Liabilities | 365,380,176.87 | 316,887,368.59 | | Total Owners' Equity | 2,821,292,478.68 | 2,776,820,983.64 | [3. Consolidated Income Statement](index=40&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first half of 2025, consolidated operating revenue was 171 million yuan, a 314.30% increase, but net profit attributable to parent company shareholders turned into a loss of 35.31 million yuan Consolidated Income Statement Key Data | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 170,648,349.87 | 41,190,027.04 | | Total Operating Cost | 214,082,916.53 | 80,846,460.70 | | Operating Profit | -28,151,574.50 | 38,674,352.25 | | Total Profit | -31,889,272.84 | 37,908,803.43 | | Net Profit | -31,667,310.64 | 28,014,037.18 | | Net Profit Attributable to Parent Company Shareholders | -35,314,257.83 | 29,203,988.92 | | Basic Earnings Per Share (Yuan/share) | -0.036 | 0.0295 | [4. Parent Company Income Statement](index=42&type=section&id=4%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first half of 2025, parent company operating revenue was 4.99 million yuan, with net profit turning into a loss of 20.66 million yuan Parent Company Income Statement Key Data | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Operating Revenue | 4,987,009.84 | 4,292,050.51 | | Operating Profit | -20,147,132.07 | 41,064,626.64 | | Total Profit | -20,689,122.16 | 40,397,249.14 | | Net Profit | -20,664,822.67 | 30,293,990.67 | | Investment Income | 13,044,563.48 | 78,110,254.01 | | Credit Impairment Losses | -11,682,996.37 | -22,023,217.23 | [5. Consolidated Cash Flow Statement](index=43&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the first half of 2025, consolidated net cash flow from operating activities significantly improved to -51.27 million yuan, while financing activities saw a substantial inflow from bank loans Consolidated Cash Flow Statement Key Data | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -51,271,888.87 | -349,588,933.35 | | Net Cash Flow from Investing Activities | -158,962,634.44 | -24,012,479.49 | | Net Cash Flow from Financing Activities | 205,394,261.63 | -40,613,517.09 | | Net Increase in Cash and Cash Equivalents | -4,840,261.68 | -414,214,929.93 | [6. Parent Company Cash Flow Statement](index=45&type=section&id=6%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the first half of 2025, parent company net cash flow from operating activities significantly improved to 57.79 million yuan, with investment activities resulting in a net outflow Parent Company Cash Flow Statement Key Data | Item | H1 2025 (Yuan) | H1 2024 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 57,788,291.21 | -282,275,317.25 | | Net Cash Flow from Investing Activities | -79,717,255.74 | -280,712,676.31 | | Net Cash Flow from Financing Activities | 31,987,911.67 | -37,685,924.17 | | Net Increase in Cash and Cash Equivalents | 10,058,947.14 | -600,673,917.73 | [7. Consolidated Statement of Changes in Owners' Equity](index=46&type=section&id=7%E3%80%81%E5%90%88%E5%B9%B6%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) As of June 30, 2025, consolidated owners' equity totaled 3.043 billion yuan, with equity attributable to parent company owners decreasing by 28.45 million yuan due to net losses Consolidated Statement of Changes in Owners' Equity Key Data | Item | Beginning Balance (Yuan) | Change Amount for Current Period (Yuan) | Ending Balance (Yuan) | | :--- | :--- | :--- | :--- | | Total Owners' Equity Attributable to Parent Company | 3,031,618,433.42 | -28,449,957.61 | 3,003,168,475.81 | | Minority Interests | 36,371,361.91 | 3,646,947.19 | 40,018,309.10 | | Total Owners' Equity | 3,067,989,795.33 | -24,803,010.42 | 3,043,186,784.91 | [8. Parent Company Statement of Changes in Owners' Equity](index=53&type=section&id=8%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) As of June 30, 2025, parent company owners' equity totaled 2.821 billion yuan, increasing by 44.47 million yuan, driven by an increase in capital reserves Parent Company Statement of Changes in Owners' Equity Key Data | Item | Beginning Balance (Yuan) | Change Amount for Current Period (Yuan) | Ending Balance (Yuan) | | :--- | :--- | :--- | :--- | | Share Capital | 988,828,300.00 | 0.00 | 988,828,300.00 | | Capital Reserves | 948,066,632.44 | 65,136,317.71 | 1,013,202,950.15 | | Retained Earnings | 437,786,119.71 | -20,664,822.67 | 417,121,297.04 | | Total Owners' Equity | 2,776,820,983.64 | 44,471,495.04 | 2,821,292,478.68 | [3. Company Basic Information](index=58&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Hainan Expressway Co., Ltd., listed in 1998, has a total share capital of 988.83 million shares, controlled by Hainan SASAC, and operates in transportation, services, cultural tourism, and real estate - The company was listed on the Shenzhen Stock Exchange on January 23, 1998[158](index=158&type=chunk) - As of June 30, 2025, the company's total issued share capital was **988.83 million shares**, with a registered capital of **988.83 million yuan**[158](index=158&type=chunk) - The parent company is Hainan Communications Investment Holding Co., Ltd., and the ultimate actual controller is the Hainan Provincial State-owned Assets Supervision and Administration Commission[158](index=158&type=chunk) - Main business activities include sales of transportation building materials, agency construction project management services, digital economy, real estate sales, hotel services, property services, advertising services, cultural and sports tourism services, and deep-sea aquaculture product sales[158](index=158&type=chunk) [4. Basis of Financial Statement Preparation](index=58&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) Financial statements are prepared in accordance with PRC accounting standards and CSRC regulations, with no significant doubts about the company's going concern ability - Financial statements are prepared in accordance with the Enterprise Accounting Standards issued by the Ministry of Finance and their application guidelines, interpretations, and other relevant regulations, and comply with the "Information Disclosure and Compilation Rules for Companies Issuing Securities No. 15 - General Provisions for Financial Reports (Revised in 2023)" of the China Securities Regulatory Commission[160](index=160&type=chunk) - The company has evaluated its ability to continue as a going concern and found no significant doubts[161](index=161&type=chunk) [5. Significant Accounting Policies and Estimates](index=59&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) The company has established specific accounting policies and estimates for financial asset impairment, inventory, fixed assets, intangible assets, and revenue recognition, ensuring compliance with accounting standards - The company has formulated specific accounting policies and estimates for transactions or events such as financial asset impairment, inventory, depreciation of fixed assets, amortization of intangible assets, and revenue recognition, based on its actual production and operation characteristics[162](index=162&type=chunk) - The financial statements comply with the requirements of Enterprise Accounting Standards and truly and completely reflect the company's financial position[163](index=163&type=chunk) - The accounting period adopts the calendar year, the operating cycle is **12 months**, and the functional currency is Renminbi[164](index=164&type=chunk)[165](index=165&type=chunk)[166](index=166&type=chunk) - Defined materiality criteria, such as significant individual accounts receivable for which bad debt provisions are made exceeding **5 million yuan**[167](index=167&type=chunk) [6. Taxation](index=95&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) The company's main taxes include VAT, urban maintenance and construction tax, corporate income tax, and property tax, benefiting from small-scale taxpayer VAT exemptions and small-profit enterprise income tax incentives Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Domestic sales, real estate leasing services, etc | 13%, 9%, 6%, 5%, 3% | | Urban Maintenance and Construction Tax | Actual amount of turnover tax paid | 7%, 5% | | Corporate Income Tax | Taxable income | 25%, 20% | | Property Tax | 70% of original value of property (or rental income) as tax base | 1.2%, 12% | | Land Appreciation Tax | Appreciation amount obtained from real estate transfer | 30%-60% | - Hainan Expressway Digital Media Co., Ltd. and Zhidao Sunshine Information Technology (Hainan) Co., Ltd. are subject to a **20%** corporate income tax rate[313](index=313&type=chunk) - The company enjoys VAT exemption policies for small-scale taxpayers and corporate income tax preferential policies for small and micro-profit enterprises, extended until December 31, 2027[314](index=314&type=chunk)[315](index=315&type=chunk) [7. Notes to Consolidated Financial Statement Items](index=96&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on consolidated financial statement items, including cash, accounts receivable, inventory, long-term equity investments, and operating revenue and costs - Monetary funds ending balance is **370 million yuan**, of which restricted funds are **4.53 million yuan**[318](index=318&type=chunk) - Accounts receivable ending balance is **182 million yuan**, with bad debt provisions of **17.99 million yuan**[337](index=337&type=chunk) - Inventory ending balance is **1.019 billion yuan**, including development costs of **170 million yuan** and developed products of **671 million yuan**[395](index=395&type=chunk) - Long-term equity investments ending balance is **1.310 billion yuan**, an increase of **160 million yuan** from the beginning of the period[443](index=443&type=chunk) - Operating revenue is **171 million yuan**, and operating cost is **146 million yuan**[570](index=570&type=chunk) [8. Research and Development Expenses](index=155&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) The company had no capitalized R&D projects or significant externally acquired R&D projects during the reporting period - The company had no capitalized R&D projects during the reporting period[631](index=631&type=chunk) - The company had no significant externally acquired R&D projects during the reporting period[632](index=632&type=chunk) [9. Changes in Consolidation Scope](index=156&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) The company had no changes in its consolidation scope during the reporting period, including non-same control business combinations or loss of control over subsidiaries - The company had no non-same control business combinations during the reporting period[634](index=634&type=chunk) - The company had no same control business combinations during the reporting period[638](index=638&type=chunk) - The company had no reverse acquisitions during the reporting period[640](index=640&type=chunk) - The company had no transactions or events resulting in loss of control over subsidiaries during the reporting period[640](index=640&type=chunk) [10. Interests in Other Entities](index=159&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company holds interests in numerous wholly-owned and controlled subsidiaries across various industries, as well as significant interests in key associates - The company owns **23 subsidiaries**, including Hainan Expressway Comprehensive Operation Service Co., Ltd. and Hainan Expressway Maintenance Co., Ltd[642](index=642&type=chunk)[643](index=643&type=chunk) - Hainan Provincial Public Information Network Co., Ltd. controls Digital Smart Expressway Intelligent Computing Center (Lingshui) Co., Ltd. through a concerted action agreement[643](index=643&type=chunk)[644](index=644&type=chunk) - Important non-wholly-owned subsidiaries include Digital Smart Expressway Intelligent Computing Center (Lingshui) Co., Ltd. (**52%** minority interest), Hainan Road and Bridge Engineering Testing Co., Ltd. (**49%** minority interest), and Zhidao Sunshine Information Technology (Hainan) Co., Ltd. (**49%** minority interest)[645](index=645&type=chunk) - Important associates include Hainan Haiqi Transportation Group Co., Ltd., Hainan Haikong Microfinance Co., Ltd., Hainan Marine Development Co., Ltd., and Hainan United Asset Management Co., Ltd[651](index=651&type=chunk) [11. Government Grants](index=169&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%94%BF%E5%BA%9C%E8%A1%A5%E5%8A%A9) Government grants recognized in profit or loss for the reporting period totaled 281,800 yuan, primarily from employment stabilization subsidies and tourism incentives Government Grants Recognized in Current Profit or Loss | Accounting Account | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | | :--- | :--- | :--- | | Employment Stabilization Subsidies | 42,426.23 | 23,850.75 | | Travel Agency Incentive Funds | 207,392.00 | 11,088.00 | | Yellow Label Vehicle Elimination Subsidies | 0.00 | 9,000.00 | | Other | 32,000.00 | 0.00 | | Total | 281,818.23 | 43,938.75 | [12. Risks Related to Financial Instruments](index=

证券代码：000886 证券简称：海南高速 公告编号：2025-036 海南高速公路股份有限公司 关于调整组织架构的公告 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。 海南高速公路股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召 开第八届董事会第九次会议，审议通过《关于调整组织架构的议案》。 为紧扣公司回归主业转型发展业务布局规划，实现"科技型综合交通服务 集团"战略目标，根据公司业务发展定位及上市公司治理有关要求，结合公司 实际情况，董事会同意对公司组织架构进行调整，并授权公司管理层负责公司 组织机构调整后的具体实施及进一步细化等相关事宜。组织机构具体调整如 下： 1、纪检监察部改名为纪律检查部、党务工作部改名为党群工作部，董事 会办公室更名为证券事务部，财务会计部更名为财务管理部； 2、战略投资部与经营管理部合并成立投资经营部； 3、审计督察部和法律事务部合并为审计法务部； 特此公告。 海南高速公路股份有限公司 董 事 会 2025 年 8 月 26 日 4、新设工程管理部、资产管理部。 调整后的组织机构如下：纪律检查部（纪委办公室） ...

海南高速公路股份有限公司 2025 年半年度财务报告 海南高速公路股份有限公司 2025 年半年度财务报告 【2025 年 8 月】 1 海南高速公路股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：海南高速公路股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 369,798,003.60 | 372,732,496.62 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 80,332,937.06 | 110,381,224.74 | | 衍生金融资产 | | | | 应收票据 | 509,479.16 | | | 应收账款 | 182,036,184.01 | 191,543,168.67 | | 应收款项融资 | | | | 预付款项 | 60,298,761.42 | 133,739,561.10 ...

25年半年度非经营性资金占用及其他关联资金往来情况汇总 法定代表人 单位: 万元 le 2 解 | 编制单位:海南高速公路股份有限 | 三 <1 | | | | | | | | 15/1 十九: | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性 资金占用 | 资金占用方名称 | 川四, 占用方与上市公 的关联关系 | 上市公司核算 的会计科目 | 2025年期初占 用资金余额 | 2025年1-6月占 用累计发生金 额（不含利 | 2025年1-6月 占 用资金的利息 （如有） | 2025年6月期 米卢用资金余 2025年6月期 2025年1-6月偿 还累计发生金 额 | 占用形成原因 | 占用性质 | | 控股股东、实 际控制人及其 附属企业 小计 | - | - | - | | | ﺧ . | | | | | 前控股股东、 实际控制人及 其附属企业 小计 | - | - | - | | | | | | | | 其他关联方及 其附属企业 | | | | | | | | | | | 小计 | - | - | - | ...

海南高速公路股份有限公司 第八届监事会第九次会议决议公告 2025 年 8 月 26 日 本公司及监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。 表决结果：同意 5 票，反对 0 票，弃权 0 票。 特此公告。 证券代码：000886 证券简称：海南高速 公告编号：2025-034 海南高速公路股份有限公司 监 事 会 公司第八届监事会第九次会议通知于 2025 年 8 月 15 日以书面方式、传真 方式或邮件方式向全体监事发出，会议于 2025 年 8 月 25 日在公司 8 楼会议室 召开。会议应到监事 5 人，实到监事 5 人。会议由监事会主席庞磊先生主持， 会议的召开符合《公司法》和《公司章程》的有关规定。会议以记名投票方式， 审议通过《2025 年半年度报告及其摘要》。 监事会认为:2025年半年度报告符合公司实际情况，客观、公允地反映了公 司2025年上半年的财务状况和经营成果。董事会编制和审议《公司2025年半年 度报告及其摘要》的程序符合法律、行政法规及中国证券监督管理委员会的规 定，报告内容真实、准确、完整地反映了公司的实际情况，不存在任何虚假记 载 ...

胡东先生在担任公司副总经理期间，恪尽职守、勤勉尽责，为公司的持续健康发展和规范运作做出了重 要贡献，公司董事会对胡东先生任职期间所做出的贡献表示肯定和衷心感谢！ 海南高速公路股份有限公司（以下简称"公司"）董事会于近日收到公司副总经理胡东先生的书面辞职报 告。胡东先生因工作调动，申请辞去公司副总经理职务，胡东先生辞职后仍在公司担任党委委员职务。 根据《中华人民共和国公司法》《深圳证券交易所上市公司自律监管指引第1号一主板上市公司规范运 作》和《公司章程》的有关规定，胡东先生的辞职报告自送达公司董事会之日起生效，其辞职不会对公 司的正常运营产生影响。公司董事会将按照法定程序尽快完成高级管理人员的聘任工作。 截至本公告披露日，胡东先生未持有公司股份，不存在应当履行而未履行的承诺事项。 证券代码：000886 证券简称：海南高速 公告编号：2025-032 海南高速公路股份有限公司 关于公司副总经理辞职的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗 漏。 特此公告。 海南高速公路股份有限公司董事会 2025年8月9日 ...

2024年1至12月份，海南高速的营业收入构成为：交通业占比67.08%，服务板块占比20.24%，文旅业占 比10.89%，房地产开发与经营业占比1.8%。 海南高速（SZ 000886，收盘价：6.72元）8月8日晚间发布公告称，胡东先生因工作调动，申请辞去公 司副总经理职务，胡东先生辞职后仍在公司担任党委委员职务。 ...

海南高速公路股份有限公司（以下简称"公司"）董事会于近日 收到公司副总经理胡东先生的书面辞职报告。胡东先生因工作调动， 申请辞去公司副总经理职务，胡东先生辞职后仍在公司担任党委委员 职务。 根据《中华人民共和国公司法》《深圳证券交易所上市公司自律 监管指引第1号—主板上市公司规范运作》和《公司章程》的有关规 定，胡东先生的辞职报告自送达公司董事会之日起生效，其辞职 不会对公司的正常运营产生影响。公司董事会将按照法定程序尽 快完成高级管理人员的聘任工作。 截至本公告披露日，胡东先生未持有公司股份，不存在应当履行 而未履行的承诺事项。 胡东先生在担任公司副总经理期间，恪尽职守、勤勉尽责，为公 司的持续健康发展和规范运作做出了重要贡献，公司董事会对胡东先 生任职期间所做出的贡献表示肯定和衷心感谢！ 特此公告。 海南高速公路股份有限公司 证券代码：000886 证券简称： 海南高速 公告编号：2025-032 海南高速公路股份有限公司 关于公司副总经理辞职的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 董 事 会 2025 年8月9日 ...

Core Viewpoint - The Hainan Highway Maintenance Company is transitioning from traditional maintenance to a more intelligent and market-oriented approach, enhancing the efficiency and quality of road maintenance services [1][3]. Group 1: Market-Oriented Reform - The company has initiated a market-oriented reform for national and provincial highways, focusing on a systematic and refined operational framework for road maintenance [1][3]. - The reform has been in progress for eight months, covering 34 national and provincial roads and 354 bridges, with a total maintenance mileage exceeding 1,729 kilometers [1]. Group 2: Talent Development and Organizational Restructuring - A new talent selection mechanism has been implemented, emphasizing fairness and competition, which has led to the emergence of capable individuals within the organization [3]. - The company has restructured its organization into nine functional departments and established 40 major teams and 104 sub-teams, with total staff exceeding 1,000 [3]. Group 3: Technological Advancements - The company is increasing investment in advanced technologies, including drone inspections and lightweight detection equipment, to create an integrated smart maintenance system [4]. - The innovative approach includes "sky-eye surveillance," "ground precision diagnosis," and "cloud intelligent control" to enhance maintenance efficiency and reduce costs [4]. Group 4: Collaborative Governance - A collaborative governance mechanism has been established with local highway bureaus and transportation law enforcement to create a joint protection system for road assets and rights [5]. - The company aims to develop a high-efficiency digital platform to enhance smart maintenance capabilities, transitioning road services from basic support to quality leadership [5].