Core Viewpoint - Hainan Strait Shipping Co., Ltd. has experienced significant stock price fluctuations, with a year-to-date increase of 92.78% and recent declines in the short term [1][2] Financial Performance - For the period from January to September 2025, the company reported revenue of 3.923 billion yuan, representing a year-on-year growth of 21.84%, while net profit attributable to shareholders decreased by 24.99% to 190 million yuan [2] - Cumulative cash dividends since the company's A-share listing amount to 1.740 billion yuan, with 448 million yuan distributed over the past three years [3] Stock Market Activity - As of November 28, the stock price was 12.55 yuan per share, with a market capitalization of 28.044 billion yuan [1] - The stock has appeared on the "龙虎榜" (a list of stocks with significant trading activity) five times this year, with the most recent appearance on November 6, where it recorded a net buy of -55.3164 million yuan [1] Shareholder Structure - As of November 20, the number of shareholders decreased by 7.48% to 99,000, while the average circulating shares per person increased by 8.08% to 22,570 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 1.7003 million shares, and new entrant 华夏中证1000ETF, holding 3.6344 million shares [3]

Group 1: Company Overview and Development - Hainan Strait Shipping Co., Ltd. was established in 2002 and listed on the Shenzhen Stock Exchange in 2009, laying the foundation for rapid development [2] - In 2017, the company expanded its business to port services by acquiring ferry terminal assets [3] - The company completed the integration of shipping resources in the Qiongzhou Strait in 2021, enhancing transportation service capabilities [3] Group 2: Business Operations and Challenges - The company operates a fleet of 64 roll-on/roll-off vessels, focusing on routes such as Haikou to Hai'an and Sanya to Xisha [3] - Seasonal demand fluctuations create a structural contradiction in capacity management, with peak periods seeing demand several times higher than normal [4] - Strategies to address increased passenger and vehicle flow due to the free trade port include adding flat barges and new vessels [5] Group 3: Strategic Initiatives and Collaborations - The company is involved in the duty-free business through its new passenger transport hub, collaborating with qualified duty-free operators [6] - Integration with China COSCO Shipping has begun, focusing on shared resources in capacity, crew, management, and marketing [7] - Ongoing negotiations for the investment in Xuwen Port are in progress, with due diligence being conducted [8] Group 4: Future Opportunities and Policies - The implementation of favorable tax policies in Hainan's free trade port is expected to lower operational costs and attract more investors [10] - Infrastructure improvements, such as the completion of the circular island tourism road, are anticipated to boost the company's main business [10] - The company maintains a commitment to providing stable dividends to shareholders while ensuring sustainable development [9]

证券代码：002320 证券简称：海峡股份 海南海峡航运股份有限公司 投资者关系活动记录表 编号：202511261 | 投资者关系活动类别 | 特定对象调研 ☐ | 分析师会议 | | --- | --- | --- | | | ☐ 媒体采访 ☐ | 业绩说明会 | | | ☐ 新闻发布会 ☐ | 路演活动 | | | 现场参观 ☐ | | | | 其他 ☐ 太平洋证券 程志峰 谭建彬 | 姚诗权 | | | 华源证券 张付哲 曾智星 广发基金 胡英粲 | 高树根 | | | 中信建投基金 陈泽文 | | | | 国泰海通资管 张宇清 | | | | 信达澳亚基金 刘维华 | | | 参与单位名称及人 | 国泰基金 李起帆 | | | 员姓名 | 杭银理财 李杨健 | | | | 招商信诺资管 刘延波 | | | | 招商证券 肖欣晨 李秀敏 | | | | 中泓汇富基金 余一奇 | | | | 嘉宏集团 曹静 | | | | 云昱私募基金 张一云 | | | 时间 | 2025年11月26日 14:00-15:00 | | | 地点 | 海南省海口市滨海大道157号港航大厦14层 | | | 上市公司接 ...

证券代码：002320 证券简称：海峡股份 海南海峡航运股份有限公司 投资者关系活动记录表 编号：20251126 | 投资者关系活动类别 | 特定对象调研 分析师会议 ☐ | | --- | --- | | | 媒体采访 业绩说明会 ☐ ☐ | | | ☐ 新闻发布会 ☐ 路演活动 | | | ☐ 现场参观 | | | ☐ 其他 国信证券 曾光 | | | 创金合信基金 陈建军 | | 参与单位名称及人 | 宝盈基金 张若伦 | | | 国投证券 甘立宸 陈易凌 蒙玲 张晗 | | 员姓名 | 海南天雨基金 杨紫添 | | | 个人投资者 李业康、胡景、焦娇、李妍 | | 时间 | 2025年11月26日 10:30-11:30 | | 地点 | 海南省海口市滨海大道157号港航大厦14层 | | 上市公司接待人员姓 | 许楠楠 刘哲 | | 名 | 公司介绍：公司2002年由海南港航控股有限公司、深圳市盐田港股份 | | | 有限公司等5位股东发起设立，2009年公司在深圳证券交易所挂牌上市，为 | | 投资者关系活动主 | 公司快速发展奠定基础。2017年公司增发股份收购海南港航的轮渡码头资 | | ...

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]

Group 1: Investor Relations and Company Commitment - The company expresses deep concern for recent stock price fluctuations affecting investors and emphasizes its commitment to safeguarding investor interests through stable cash dividend policies and multi-level communication mechanisms [2][3] - The company highlights its benefits from the Hainan Free Trade Port policy, the weak cyclical nature of the shipping industry, and strong cash flow as key reasons for long-term investment [2] Group 2: Market Value Management - The company implements a high cash dividend ratio and employee stock incentive plans to align core employees' interests with the company, enhancing market value management [3] - Short-term stock price fluctuations are influenced by various factors, and investors are advised to focus on the company's long-term value and fundamentals [3] Group 3: Financial Performance and Strategic Investments - The company plans to issue medium-term notes not exceeding 50 billion yuan, pending board approval, to support debt repayment, working capital, and project investments [5][10] - The net profit attributable to shareholders has seen a decline due to increased costs from strategic investments and operational expansions, including the acquisition of new vessels [6][7] Group 4: Business Integration and Operational Efficiency - The company is working on improving operational efficiency through fleet integration and management optimization following the acquisition of China COSCO Shipping Passenger Transport [7] - Specific measures to enhance profitability include developing new customer sources, optimizing operational processes, and controlling variable costs [7] Group 5: Future Growth and Strategic Planning - The company aims to become the leading ferry service provider in China by integrating resources from the Bohai Bay and Qiongzhou Strait [10] - Future revenue growth is anticipated from favorable tax policies and improved infrastructure in Hainan, although performance will depend on various external factors [11] Group 6: Market Expansion and New Routes - Currently, the company has no direct plans to open routes to Southeast Asia but will evaluate new routes based on national policies and market potential [8] - The company is considering upgrading its vessels and services to enhance tourism offerings, aiming for a transition from traditional transport to hotel-style experiences [11]

Core Insights - The shipping and port sector experienced a decline of 0.34% on November 24, with Haixia Co. leading the losses [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Shipping and Port Sector Performance - The following companies showed notable performance: - Zhiyang Shipping (601872) closed at 9.03, up 2.96% with a trading volume of 1.39 million shares and a transaction value of 1.266 billion [1] - Shenghang Co. (001205) closed at 17.02, up 2.96% with a trading volume of 36,300 shares and a transaction value of 61.37 million [1] - COSCO Energy (600026) closed at 12.68, up 2.34% with a trading volume of 503,600 shares [1] - Conversely, Haixia Co. (002320) led the decline, closing at 12.34, down 5.08% with a trading volume of 784,700 shares and a transaction value of 26.596 million [2] Capital Flow Analysis - The shipping and port sector saw a net outflow of 107 million in main funds, while retail investors contributed a net inflow of 66.47 million [2] - The following companies had significant capital flow: - Zhiyang Shipping (601872) had a main fund net inflow of 58.798 million, while retail investors had a net inflow of 623.05 thousand [3] - COSCO Energy (600026) experienced a main fund net inflow of 54.765 million, but a net outflow from retail investors of 4.178 million [3] - Shanghai Port Group (600018) had a main fund net inflow of 36.369 million, with a net outflow from retail investors of 2.681 million [3]

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]

作为海南连接内地的唯一海上通道，琼州海峡的航运资源整合曾面临诸多挑战。49艘客滚船分属不同主体，导致"过海难、过海慢"成为区域发展短板之一。 在中国远洋海运集团的统筹指引下，海峡股份以市场化手段开启跨省域资源整合新路径，通过"资产入股+委托管理"的创新模式，成功实现了琼粤两岸49艘 转自：新华财经 在近期由中国企业改革与发展研究会主办的2025（第三届）企地合作论坛上，海南海峡航运股份有限公司报送的"黄金水道上的改革突围：中国远洋海运港 航一体化运营战略实践——琼州海峡航运资源整合与产业链协同创新案例"成功入选优秀案例，彰显了海峡股份在跨区域港航协同领域的标杆价值与创新实 力，为全国跨区域交通基础设施一体化发展提供了可借鉴的范例。 船舶的一体化运营，并构建了统一的现代化港航产业体系，从根本上破解了跨区域运营治理的难题。 改革实践结出丰硕成果。海峡股份打造了全国最大的客滚运输枢纽——新海港客运综合枢纽，年设计通过能力达旅客3500万人次、车辆560万辆次。通过基 础设施升级、运力结构优化、数字化赋能等一系列举措，过海时长被压缩至3.5小时以内，车辆待渡时间减半，船舶准点率提升至99%以上。在2025年春运 期间 ...

为确保"绿源六号"轮甲板货船年底顺利投产运营，有效破解新能源车辆过海难题，11月17日，海峡股份轮渡公司联合海事局、船级社及船舶修造公司，共 同开展了以"党建引领聚合力、船舶改造树标杆"为主题的四方联合党建共建活动。此次活动通过多方联建形式，为"绿源六号"轮改造项目"百日攻坚"行动 注入了强劲动力。 转自：新华财经 随后，共建各方深入船舶关键区域，包括机舱、驾驶台等，开展了"党建+技术"联合诊断。验船师利用专业仪器进行细致测量，海事执法人员严格对照规 范排查安全隐患，海峡股份轮渡公司机务主管则通过现场演示改造方案，共同解决船舶节能系统升级等难题。经过现场测算与深入讨论，各方最终形成 了船舶改造等三项攻坚清单，以实际行动攻克技术难关，让党旗在项目一线高高飘扬。 本次活动参与各方还签署了《党建共建协议书》。 此次党建共建活动充分发挥了四方资源优势，为甲板货船的升级改造提供了有力支持，更为服务海南自由贸易港高质量发展奠定了坚实基础。四方共建 单位将以此次活动为新的起点，持续深化"党建+项目"融合模式，将共建成果转化为船舶改造的实际成效，共同将"绿源六号"轮打造成为安全之船、绿色 之船、示范之船。（叶文华） 编辑：赵 ...