海南海峡航运股份有限公司 与中远海运集团财务有限责任公司 的关联交易风险持续评估报告 企业名称：中远海运集团财务有限责任公司 类型：有限责任公司 法定代表人：马向辉 注册资本：195亿元人民币 成立日期：2009年12月30日 统一社会信用代码：91310109698814339L 金融许可证机构编码：L0107H231000001 海南海峡航运股份有限公司（以下简称"公司"）通过查验 中远海运集团财务有限责任公司（以下简称"财务公司"）《金 融许可证》《营业执照》等证件资料，对财务公司的经营资质、 业务和风险状况进行了评估，现将有关风险评估情况报告如下： 一、基本情况 中远海运集团财务有限责任公司成立于 2009年12月30日， 是经中国银行监督管理委员会批准设立的非银行金融机构。 办公场所：中国（上海）自由贸易试验区滨江大道5299号8 层 经营范围：吸收成员单位存款；办理成员单位贷款；办理成 员单位票据承兑与贴现；办理成员单位资金结算与收付；提供成 第 1 页 共 13 页 员单位委托贷款、债券承销、非融资性保函、财务顾问、信用鉴 证及咨询代理业务；从事同业拆借；办理成员单位票据承兑；从 事固定收益类有 ...

股票简称：海峡股份 股票代码：002320 公告编号：2025-62 海南海峡航运股份有限公司 关于调整 2025 年度日常关联交易预计额度的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中 的虚假记载、误导性陈述或者重大遗漏承担责任。 一、调整 2025 年度日常关联交易预计的基本情况 （一）2025 年度日常关联交易原预计情况 海南海峡航运股份有限公司（以下简称"公司"或"海峡股份"）于2025 年3月27日及2025年4月18日分别召开了第八届董事会第六次会议及2024年度股 东大会，审议通过了《关于2024年度日常关联交易执行情况及2025年度日常关联 交易预计情况的议案》。为满足公司及子公司的生产经营与发展需要，公司预计 2025年度拟发生的各类日常关联交易总计12.35亿元，具体内容详见公司2024年3 月28日在《中国证券报》《证券时报》及巨潮资讯网（www.cninfo.com.cn）披 露的《关于2024年度日常关联交易执行情况和预计2025年度日常关联交易情况的 公告》。 （二）本次调整2025年度日常关联交易预计情况 2025年8月28日，公司第八届董事会第十二次会议 ...

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 海南海峡航运股份有限公司 2025 年半年度财务报告 海南海峡航运股份有限公司 2025 年半年度财务报告 编制单位：海南海峡航运股份有限公司 2025 年 08 月 27 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 2,731,615,978.06 | 2,938,603,655.10 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 195,580,173.27 | 145,761,805.61 | | 应收款项融资 | | | | 预付款项 | 30,415,634.25 | 13,331,185.21 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应收款 | 72,373,859.37 | 85,0 ...

股票简称：海峡股份 股票代码：002320 公告编号：2025-59 海南海峡航运股份有限公司 第八届监事会第九次会议决议公告 本公司及监事会全体成员保证公告内容真实、准确和完整，并对公告中 的虚假记载、误导性陈述或者重大遗漏承担责任。 海南海峡航运股份有限公司（以下简称"公司"或"海峡股份"）于 2025 年 8 月 7 日以 OA、电子邮件的形式向全体监事发出第八届监事会第九次会议通 知及相关议案等材料。会议于 2025 年 8 月 28 日上午以现场表决方式召开，会议 由公司监事会主席李燕女士召集并主持，应参加会议监事 5 人，实际参加会议监 事 5 人，会议召集、召开程序符合《公司法》、海峡股份《公司章程》的相关规 定。 与会监事认真审议了本次会议的议案，以记名投票表决的方式通过了如下决 议： 一、会议以 5 票赞成，0 票反对，0 票弃权，审议通过了关于公司 2025 年半 年度报告及其摘要的议案。 四、会议以 5 票赞成，0 票反对，0 票弃权，审议通过了关于公司与中远海 运财务公司关联交易风险持续评估报告的议案。 五、会议以 5 票赞成，0 票反对，0 票弃权，审议通过了关于调整船舶资产 折旧年 ...

股票简称：海峡股份 股票代码：002320 公告编号： 2025-58 海南海峡航运股份有限公司 第八届董事会第十二次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中 的虚假记载、误导性陈述或者重大遗漏承担责任。 海南海峡航运股份有限公司（以下简称"公司"或"海峡股份"）于 2025 年 8 月 7 日以 OA、电子邮件的形式向全体董事发出第八届董事会第十二次会议 通知及相关议案等材料。会议于 2025 年 8 月 28 日在海南省海口市滨海大道港航 大厦 14 楼会议室以现场结合通讯方式举行。本次会议由公司副董事长张婷主持， 董事黎华、蔡泞检，独立董事黎青松出席现场会议，董事王然、朱火孟、叶伟、 周高波、独立董事胡正良、王宏斌、胡秀群以通讯方式参加会议。公司监事李燕、 曾祥燕、王莉菲、郑冬琦、李欣，高级管理人员甘当松、张芬芬列席会议。本次 会议的召集、召开程序符合《公司法》和《公司章程》的有关规定。与会董事经 充分审议，表决通过了以下决议： 一、会议以11票同意，0票反对，0票弃权，审议通过了关于公司2025年半年 度报告及其摘要的议案。 监事会认为公司 2025 年半年度报告及 ...

海南海峡航运股份有限公司 市值管理规定 第一章 总则 第一条 为加强海南海峡航运股份有限公司（以下简称"公 司"）市值管理工作，进一步规范公司市值管理行为，促进公司 高质量发展，切实推动投资价值提升，维护公司投资者合法权益， 根据《中华人民共和国公司法》《中华人民共和国证券法》《国 务院关于加强监管防范风险推动资本市场高质量发展的若干意 见》《关于改进和加强中央企业控股上市公司市值管理工作的若 干意见》《上市公司信息披露管理办法》《上市公司监管指引第 10 号——市值管理》《海南海峡航运股份有限公司章程》（以 下简称"《公司章程》"）及其他法律法规的有关规定，结合公 司实际情况，制定本规定。 第二条 本规定所指市值管理，是指公司以提高上市公司发 展质量为基础，为提升公司投资价值和股东回报能力而实施的战 略管理行为。公司应当以高质量发展为基本前提，稳步提升经营 效率和盈利能力，着力将公司打造为经营业绩佳、创新能力强、 治理体系优、市场认可度高的一流上市公司。 第三条 公司将牢固树立回报股东意识，采取措施保护投资 者尤其是中小投资者利益，诚实守信、规范运作、专注主业、稳 健经营，以新质生产力的培育和运用，推动经营 ...

Financial Performance - The company's operating revenue for the first half of 2025 was CNY 2,721,043,764.74, a decrease of 1.67% compared to CNY 2,767,321,707.12 in the same period last year[20]. - The net profit attributable to shareholders was CNY 125,676,731.04, down 36.32% from CNY 197,355,329.25 in the previous year[20]. - Basic earnings per share decreased by 36.27% to CNY 0.0564, down from CNY 0.0885 in the previous year[20]. - The company's total revenue for the first half of 2025 was CNY 272.10 million, a decrease of 1.67% compared to CNY 276.73 million in the same period of 2024[33]. - The net profit attributable to the parent company for the first half of 2025 was CNY 12.60 million, down 36.32% year-on-year[34]. - The company's total revenue for the reporting period was ¥2,721,043,764.74, a decrease of 1.67% compared to ¥2,767,321,707.12 in the same period last year, primarily due to a decline in business volume[37]. - The company reported a significant increase in financial expenses, which rose by 29.64% to ¥26,620,745.78, primarily due to increased interest expenses[37]. - The company reported a significant increase in investment amounting to CNY 767,980,916.86, representing a 577.00% increase compared to CNY 113,472,272.55 in the same period last year[48]. Cash Flow and Assets - The net cash flow from operating activities increased by 20.99% to CNY 1,051,011,157.56, compared to CNY 868,673,531.73 in the same period last year[20]. - The company's total assets at the end of the reporting period were CNY 11,283,261,141.05, a decrease of 2.79% from CNY 11,607,335,661.24 at the end of the previous year[20]. - The company's cash and cash equivalents decreased by 100.22% to a net outflow of ¥207,983,038.41, significantly impacted by equity acquisition payments[37]. - The company's total liabilities increased, with lease liabilities reaching CNY 49,112,480.3, a 0.44% increase from CNY 46,140,690.5[46]. - The company's cash flow from operating activities for the first half of 2025 was CNY 1.05 billion, an increase from CNY 868.67 million in the first half of 2024, showing a growth of about 20.9%[142]. Operational Changes and Strategies - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to enhance its market competitiveness by focusing on "revenue growth, cost control, and integration" strategies in the second half of 2025[35]. - The company is implementing an integrated reform plan to improve operational efficiency and resource sharing across its northern and southern operations[36]. - The company aims to develop new products and services, including cross-border premium experience centers and themed commercial areas, to enhance revenue streams[36]. - The company plans to strengthen cost management and improve operational efficiency in response to rising production and operational costs, including vessel rental and labor costs[62]. Acquisitions and Investments - The company completed the acquisition of equity in China COSCO Shipping Passenger Transport Co., Ltd., leading to a restatement of previous financial data[21]. - The acquisition of 100% equity in China COSCO Shipping Passenger Transport Co., Ltd. was completed for 2,515,360,800 RMB, expanding the company's operations from the Qiongzhou Strait to the Bohai Bay, making it the first cross-regional passenger shipping enterprise in China[61]. - The company is in the process of acquiring 100% equity of China Ocean Shipping Company from a partner, with the contract currently in effect[110]. - The company is planning to invest in Zhanjiang Xuwen Port Co., Ltd. through a cash increase, with ongoing due diligence and negotiations as of September 29, 2021[111]. Governance and Compliance - The company guarantees that all information and documents provided for the major asset restructuring are true, accurate, and complete, and will bear legal responsibility for any false records or misleading statements[73]. - The company commits to promptly disclose information related to the major asset restructuring in accordance with relevant laws and regulations, ensuring the authenticity and completeness of such information[73]. - The company will avoid or minimize related party transactions with its controlled enterprises and ensure that unavoidable transactions are conducted at fair market prices[73]. - The company confirms that it has not been under investigation by judicial authorities or the China Securities Regulatory Commission for any criminal or regulatory violations in the last three years[75]. - The company has not faced any administrative or criminal penalties recently, nor has it been publicly reprimanded by the stock exchange[75]. Social Responsibility and Community Engagement - The company provided assistance to 8 households in poverty monitoring with a donation of 3,960 yuan worth of rice and oil before the 2025 Spring Festival[70]. - In May, the company’s union purchased 18,760 yuan worth of "Triangle Ning sweet potatoes" to help local farmers sell their produce[70]. - On June 8, over 20 volunteers participated in a beach cleanup, effectively improving environmental hygiene and reducing marine waste[70]. - The company donated 150,000 yuan on "6.30 Guangdong Poverty Alleviation Day" and planted over 100 trees to enhance land greening and increase farmers' income[70]. - The company is actively engaged in rural waste management initiatives, addressing issues like garbage disposal and illegal constructions in Longtang Town[70]. Market Position and Future Outlook - The company aims to enhance its passenger and roll-on/roll-off transport business through the acquisition, facilitating cross-regional operations[92]. - The company plans to expand its market presence by increasing its fleet capacity by 15% in the next fiscal year[150]. - The future outlook remains positive, with projected revenue growth of 10% for the next fiscal year[152]. - The company is exploring potential acquisition opportunities to strengthen its market position and expand service offerings[150].

Core Insights - The Hainan Strait Shipping Company has significantly improved the transportation efficiency of the Qiong-Gui maritime routes during the summer transport season, with notable increases in passenger and vehicle transport volumes on the "Haikou-Beihai" and "Haikou-Fangchenggang" routes [1][3] Group 1: Operational Enhancements - The company optimized vessel allocation and scheduling to meet the growing demand for passenger and cargo transport in the Qiong-Gui region, ensuring maximum transportation efficiency [3] - The "Princess Chang Le" vessel was reassigned from the Xisha route to the Qiong-Gui route, operating alongside the "Wanrong Hai" vessel for daily stable departures [3] - A new route, "Haikou-Fangchenggang," was launched in May, further enhancing the maritime transportation network between Qiong and Gui [3] Group 2: Service Quality Improvement - The company has enhanced service quality, aiming to create a "floating hotel" experience for passengers, with various room types and amenities such as restaurants, supermarkets, and leisure bars [3] - The "Princess Chang Le" vessel features independent bathroom facilities and an 8-layer observation deck for passengers to enjoy scenic views [3] - Special facilities for passengers, including accessibility features and mother-baby rooms, have received positive feedback from travelers [3] Group 3: Economic Impact - The optimization of the Qiong-Gui maritime routes has facilitated economic exchanges and resource flows between the two regions, creating a logistics channel for Hainan tropical agricultural products and Guangxi electronic products [4] - The average logistics costs between Hainan and the Guangxi Beibu Gulf region have decreased by 30% since the new routes were established, injecting new momentum into regional economic development [4] Group 4: Tourism Development - The improved transportation has fostered deeper integration of cultural and tourism markets, linking scenic spots in Haikou, Beihai, and Fangchenggang [6] - A "one ticket to play three places" package has been introduced, connecting multiple 5A scenic spots and creating a composite tourism experience [6] - The issuance of 40 million yuan in tourism consumption vouchers during the summer season has further stimulated market activity and increased passenger flow on the routes [7] Group 5: Future Prospects - The successful practices during the summer transport season indicate that the Qiong-Gui maritime routes are not only efficient transportation channels but also vital links for regional collaborative development and industry complementarity [7] - With ongoing improvements in service capabilities and deeper regional cooperation, the Qiong-Gui maritime corridor is expected to enhance its logistics and cultural connectivity, contributing to the integration of the Beibu Gulf urban agglomeration and Hainan Free Trade Port [7]

Core Insights - The shipping and port sector experienced a slight increase of 0.09% on August 26, with Bohai Ferry leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Performance - Bohai Ferry (603167) closed at 10.70, up 2.49% with a trading volume of 178,900 shares and a turnover of 190 million yuan [1] - Xiamen Port Authority (000905) closed at 8.97, up 2.28% with a trading volume of 328,500 shares and a turnover of 293 million yuan [1] - Straits Shares (002320) closed at 8.49, up 2.17% with a trading volume of 565,600 shares and a turnover of 479 million yuan [1] - Other notable performers include Zhonggu Logistics (603565) and Jinjiang Shipping (601083), with increases of 1.15% and 0.97% respectively [1] Capital Flow - The shipping and port sector saw a net outflow of 64.35 million yuan from institutional investors, while retail investors contributed a net inflow of 166.7 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Straits Shares (002320) had a net inflow of 62.51 million yuan from institutional investors, but saw outflows from both retail and speculative investors [3] - Bohai Ferry (603167) experienced a net inflow of 18 million yuan from institutional investors, with outflows from speculative investors [3] - Other stocks like Tianjin Port (600717) and Tangshan Port (601000) also showed significant net inflows from institutional investors, indicating potential interest in these stocks [3]

Group 1 - The stock price of Haixia Co., Ltd. closed at 8.31 yuan on August 25, 2025, with an increase of 0.03 yuan from the previous trading day [1] - The trading volume was 378,400 shares, with a total transaction amount of 314 million yuan, and a fluctuation of 1.81% [1] - Haixia Co., Ltd. is a leading enterprise in passenger and roll-on/roll-off transportation services between Hainan and Guangdong, covering routes such as Haikou to Haian and Haikou to Beihai [1] Group 2 - The company plans to respond to the expected increase in passenger and vehicle flow due to the operation of the Hainan Free Trade Port by increasing flight frequency and optimizing port scheduling in the short term [1] - In the medium to long term, the company aims to meet market demand through vessel upgrades, increasing cargo ship capacity, and opening new routes [1] - On the same day, the net outflow of main funds was 25.25 million yuan, with a cumulative net outflow of 137 million yuan over the past five trading days [1]