问：公司琼州海峡客滚运输淡旺季情况？海安线目前如何调节运力？ 新增船舶投放是否有限制？ 答：琼州海峡客滚运输市场呈现显著的季节性特征，第一、二、四季 度为运输旺季，每年春节前后约40天为绝对旺季，此外五一、国庆等节假 日也会出现阶段性高峰，每年第三季度为公司传统淡季。海安线原则上不 再新增客滚船舶数量，现有客滚船舶实行"以新换旧"，通过大型化、高 抗风等级、高车位/客位的新船更新投入及提升运转效率来扩大运力，目前 在建2艘客滚船；运输新能源的平板货船不受新增数量限制，2026年春运新 投入2艘平板货船。 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：20260305 | | --- | | 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 ☐ | | 参与单位名称及人 | 东方证券 尹嘉骐 谢宁铃 | | 员姓名 | 招银理财 张英 | | 时间 | 2026年3月5日 10:00-11:00 ...

Core Viewpoint - The Hainan province is enhancing its vegetable supply chain in preparation for the 2026 Spring Festival, which will be the first long holiday after the Free Trade Port's closure, ensuring sufficient vegetable supply through various measures [1][2][3] Group 1: Vegetable Supply Chain Enhancement - The closure of the Free Trade Port will facilitate vegetable circulation in Hainan, benefiting the vegetable industry by maintaining existing conditions for agricultural product movement and providing tax incentives for importing foreign production equipment [1] - The province has increased local vegetable production, with winter vegetable planting covering 2.1 million acres and a stable year-round vegetable base of over 130,000 acres, currently supplying an average of 12,000 tons of vegetables daily to the island [2] - Cross-regional transportation has been coordinated with major vegetable-producing areas like Yunnan and Guangxi, ensuring a smooth supply chain and an average of 2,500 tons of vegetables being transported from outside the province daily [2] Group 2: Market Management and Emergency Preparedness - The province is implementing market measures during the Spring Festival, with major wholesale and agricultural markets operating normally, and temporary stores for affordable vegetables set up to cater to the influx of visitors [2] - Emergency reserves have been established, with cities like Haikou, Sanya, and Danzhou storing 6,000 tons, 1,500 tons, and 500 tons of vegetables respectively, while other counties maintain dynamic reserves based on five days of consumption [2] - Market regulation is being strengthened through daily reporting systems and increased inspections to prevent price gouging and ensure food safety [3]

Group 1 - The core objective of the meeting was to assist agricultural and cultural tourism enterprises in Meilan District to leverage the policy opportunities presented by the Hainan Free Trade Port's closure operations, addressing challenges in brand internationalization and market expansion, and promoting the high-quality development of "Meilan Good Products" [1] - The meeting featured a presentation on the development status and 2026 plans for the "Meilan Good Products" brand by the Agricultural and Rural Affairs Bureau of Haikou City, along with practical measures to support agricultural industry upgrades and the construction of the Free Trade Port [1] - A key discussion point was the interpretation of the core policy of "opening up the first line and controlling the second line," which included an analysis of the 74% expansion of the zero-tariff list, providing cost benefits and customs declaration practices for the internationalization of "Meilan Good Products" [1] Group 2 - The meeting established a high-quality platform for government-enterprise interaction and enterprise-enterprise communication, receiving widespread recognition from participating companies for its practical and instructive content [2] - Meilan District plans to continue focusing on the opportunities presented by the Free Trade Port's closure operations, aiming to enhance the cultivation of the "Meilan Good Products" brand, industry upgrades, and market expansion through more targeted service initiatives [2] - The event facilitated a lively exchange where representatives from participating enterprises actively engaged in discussions regarding policy implementation, customs declaration, and e-commerce operations, indicating a strong interest in the practical guidance provided [2]

Core Viewpoint - The establishment of a free trade port with full island closure operations marks a significant national strategic change, impacting daily life and consumer choices on the island [1] Group 1 - The new free trade port status is expected to influence local prices and the availability of goods, reflecting a shift in the economic landscape [1] - Residents are beginning to notice changes in their daily lives, such as new products in stores and variations in pricing [1] - The article emphasizes the importance of understanding how individuals perceive and adapt to these changes in their environment [1]

Core Viewpoint - Hainan Free Trade Port is set to commence full island closure operations on the 18th of this month, with various preparations reaching a critical stage. The national government has introduced a series of optimal visa-free and facilitation policies to support this operation, expanding visa-free access to 86 countries and enhancing entry convenience for foreign tourists [1][5]. Group 1: Visa Policies and Entry Facilitation - The visa-free entry for 59 countries has been extended from tourism to include business, medical, and exhibition purposes, along with new policies for Hong Kong and Macau foreign tourist groups [1]. - A total of 144-hour visa-free entry for foreign tourist groups and 240-hour transit visa-free policies have been introduced to cater to diverse entry needs [1]. - As of December 12, 2023, Hainan has recorded 2.47 million inbound and outbound travelers this year, with 548,000 foreign visitors entering visa-free, accounting for 89.6% of total foreign arrivals, marking a 25% increase from the historical peak [9]. Group 2: Infrastructure and Operational Enhancements - The Phoenix International Airport has implemented a series of targeted measures, including the addition of 17 inspection channels and 55 specialized devices to enhance customs efficiency [7]. - The airport has developed an intelligent inspection assistance and passenger flow monitoring system to improve both capacity and efficiency [7]. - New measures include expedited processing for non-visa-free countries, allowing for on-site issuance of team travel, trade, and talent visas, enabling a 30-day stay [9]. Group 3: Visitor Experience and Feedback - International visitors, such as those from Australia, have expressed excitement about their experiences in Hainan, particularly appreciating the 30-day visa-free entry policy [3]. - Feedback from U.S. visitors highlights the favorable business environment and improved tax conditions in Hainan, suggesting that the region is becoming increasingly attractive for foreign enterprises [5].

Core Insights - The Hainan Free Trade Port will officially start its full island closure operation on December 18, which is expected to enhance trade efficiency and logistics in the region [1] - The newly established animal pre-inspection area in Xu Wen, Guangdong, will facilitate smoother transportation of goods across the Qiongzhou Strait, significantly improving the logistics process [2] Group 1: Logistics and Efficiency - The pre-inspection area allows truck drivers to present electronic quarantine certificates and testing reports, streamlining the inspection process [1] - The relocation of the inspection area from Haikou to Xu Wen reduces the need for trucks to return to Guangdong if they fail inspection, saving time and costs [2] - It is estimated that a fully loaded truck can save at least half a day and several thousand yuan in costs by avoiding an extra round trip across the strait [2] Group 2: Infrastructure Development - The Xu Wen International Logistics Park has been initiated, covering a total planned area of 1,629 acres, which will support various functions including island access, maritime services, and emergency reserves [2] - The logistics park is expected to create a synergistic relationship with the new sea-land-island logistics park in Haikou, enhancing overall logistics capabilities in the region [2]

Group 1: Pricing and Revenue Strategies - The ticket price for the Haikou to Hai'an route has not changed in recent years, and the company plans to enhance revenue through port and shipping value-added services and strengthening the commercial operation of the new Haikou passenger transport hub [2] - The company aims to address the seasonal demand fluctuations in the Qiongzhou Strait passenger and roll-on/roll-off transport market by increasing capacity during peak seasons and managing operational costs during off-peak periods [3] Group 2: Market Opportunities and Growth - The implementation of the Hainan Free Trade Port's preferential tax policies, including corporate income tax reductions, is expected to lower operational costs and create a favorable environment for business growth [5] - The upcoming full closure operation of Hainan Island at the end of 2025 is anticipated to attract more investors and partners, leading to a predictable increase in passenger and vehicle flow [5] Group 3: Operational Developments - The company is enhancing its fleet by adding flatbed barges and new roll-on/roll-off vessels to meet market demand and alleviate pressure on the Haikou to Hai'an route [3] - The integration of COSCO Shipping Passenger Transport into the company's management system is underway, focusing on shared resources in capacity, crew, management, digitalization, and marketing [3] Group 4: Strategic Initiatives - The company has established a duty-free pickup point at the new Haikou passenger transport hub and is exploring partnerships with qualified duty-free operators through various collaboration methods [3] - The company is actively pursuing the investment in Xuwen Port and conducting due diligence and negotiations, with ongoing efforts to reach consensus on key transaction matters [3] Group 5: Future Dividend Policy - The company is committed to providing stable dividend returns to shareholders while ensuring sustainable development, taking into account profitability, cash flow, future investment plans, and shareholder expectations [4] Group 6: Tourism and Route Information - The company operates the Sanya to Xisha tourism route, which takes approximately 11 hours and offers a four-day, three-night experience for tourists [6] - The company indirectly holds a 34% stake in Sansha Nanhai Dream Journey Cruise Co., Ltd., a key player in the Xisha route, following the acquisition of COSCO Shipping Passenger Transport [7]

Core Points - The meeting of the Provincial People's Congress Standing Committee emphasized the importance of Xi Jinping's speech regarding the construction of the Hainan Free Trade Port, highlighting the need for high-quality legislation to support the port's operations [2] - The meeting underscored the commitment to implement Xi Jinping's directives as a priority for the legislative body, aiming to enhance the legal framework surrounding the Free Trade Port [2] - The focus areas for legislative efforts include "five freedoms and conveniences" and "one safe and orderly flow," as well as optimizing the business environment and building a modern industrial system [2] Legislative Focus - The meeting called for strengthening legislation in key areas to ensure the effective operation of the Free Trade Port [2] - Emphasis was placed on the role of the People's Congress representatives in the construction of the Free Trade Port, encouraging active public participation [2] - The need for effective supervision and innovative mechanisms to support the construction of the "three zones and one center" was highlighted [2] Political Responsibility - The meeting stressed the importance of upholding strict party governance and enhancing the integrity of party members [2] - It was noted that party members should act responsibly while adhering to regulations, promoting a culture of accountability and proactive engagement [2]

Core Insights - The Hainan Free Trade Port has established a "Policy Express" mechanism, with 69 central enterprises forming strategic partnerships with the provincial government, covering a wide range of sectors within Hainan's modern industrial system [2][4] Group 1: Policy Mechanism - The "Policy Express" aims to enhance communication between the government and enterprises, focusing on targeted notifications, thematic interpretations, regular updates, designated contacts, and interactive feedback [3] - The mechanism includes a comprehensive database for different types of enterprises to ensure accurate and broad coverage of policy communications [3] Group 2: Progress and Development - The overall progress of the Hainan Free Trade Port's closure operations is on track, with infrastructure completed and a policy framework being established [4] - Testing for "zero tariffs," value-added processing, and relaxed trade controls has been conducted in three rounds, with the trial operation of "second-line ports" initiated [4] Group 3: Enterprise Engagement - Representatives from 20 central enterprises expressed that the "Policy Express" format is innovative and directly addresses their concerns regarding Hainan's policies, reinforcing their commitment to development in the region [4]

Core Points - The Hainan Provincial Political Consultative Conference held a special lecture on "Free Trade Port Closure Operation Policies" on September 26, marking a new starting point for the construction of Hainan's free trade port [1] - The event featured a report from officials of the Provincial Deep Reform Office, detailing the overall changes and opportunities following the closure operation of the entire island [1] - Participants expressed their commitment to actively contribute to the construction of the free trade port through various initiatives and responsibilities [1] Summary by Sections - **Event Overview** - The special lecture was attended by key political figures, including the Chairman of the Provincial Political Consultative Conference, Li Rongcan [2] - The lecture aimed to educate attendees on the policies related to the closure operation of the free trade port [1] - **Policy Insights** - The report provided a systematic interpretation of future policy outlooks for the free trade port after the closure operation [1] - Emphasis was placed on the significant changes and opportunities that will arise from the implementation of these policies [1] - **Engagement Initiatives** - The Provincial Political Consultative Conference plans to launch the "Free Trade Port Closure: Political Consultative Conference in Action" campaign to promote understanding and implementation of closure policies [1] - Activities will include "Enjoying the Free Trade Port," "Building the Free Trade Port," "Entering the Free Trade Port," and "Investing in the Free Trade Port" to foster engagement and collaboration [1]