证券代码：002320 证券简称：海峡股份 4.减持计划啥时候开始 答:公司未收到持股5%以上股东、董事或高级管理人员的减持计 划通知。若未来收到相关减持意向，公司将按相关规定及时进行披 露。请投资者以公司在法定信息披露媒体发布的公告为准，避免轻 信市场传闻。 海南海峡航运股份有限公司 投资者关系活动记录表 编号：20251125 | 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（请文字说明其他活动内容） | | | 参与单位名称及人员姓名 | 线上参与公司2025年三季度报告业绩说明会的投资者 | | | 时间 | 2025年11月25日 15:00-17:00 | | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | | 董事长 王然 | | | | 总经理 蔡泞检 | | | 上市公司接待人员姓名 | 董事会秘书 张芬芬 | | | | 独立董事 胡秀群 1.作 ...

Core Viewpoint - During the "14th Five-Year Plan" period, Hainan aims to enhance its attractiveness as a leading international tourism destination by focusing on marine tourism, aerospace tourism, and ecological tourism [1][2] Group 1: Marine Tourism - Hainan will establish a new benchmark for marine tourism, focusing on three types of projects: high-end consumption, deep experience, and innovative integration [1] - High-end projects will include attracting international cruise companies to set up regional headquarters and operate high-end routes under the "Belt and Road" initiative [1] - Deep experience projects will involve specialized operations for deep-sea diving, offshore sightseeing, and fishing competitions [1] - Innovative integration projects will feature marine technology experience centers and smart ocean ranches [1] Group 2: Aerospace Tourism - Hainan plans to leverage the Wenchang Space Launch Site to develop itself into a "Aerospace Tourism Capital," attracting social capital for construction [2] - Key developments will include a large aerospace theme park, immersive experience centers, and supporting facilities like aerospace-themed hotels and educational bases [2] - The initiative will also extend to aerospace cultural creativity and digital experience products [2] Group 3: Ecological Tourism - Hainan will focus on two major "green necklaces": the Ring Island Tourism Road and the Tropical Rainforest National Park Tourism Road [2] - Development plans include high-quality resort hotels, camping sites, and leisure stations along these routes [2] - Experience products will be developed around rainforest exploration, rural homestays, and wellness vacations, complemented by smart tourism platforms and professional self-driving services [2] Group 4: Future Opportunities - Hainan's tourism industry is entering a golden opportunity period, inviting global investors to share in the benefits of the free trade port and co-create the future of tourism [2]

Core Viewpoint - The "Hainan Free Trade Port Tourism Regulations" will take effect on December 1, 2025, introducing significant innovations and highlights aimed at enhancing the tourism industry in Hainan [2][4]. Group 1: Key Innovations and Highlights - The regulations emphasize optimizing the tourism product system and layout, leveraging Hainan's tourism resources and ecological advantages to enrich local cultural tourism offerings and promote comprehensive tourism development [3]. - The regulations focus on deepening tourism openness and internationalization, including measures such as relaxing foreign investment access, optimizing duty-free policies, and enhancing international tourism talent support [3][4]. - The regulations aim to improve tourism service quality and credit building, addressing industry issues like "zero-cost tours" and forced shopping through strict enforcement and quality standards [3][5]. - The regulations establish a strict management framework for high-risk tourism projects to ensure the safety of tourists' personal and property security [3][5]. Group 2: Specific Regulatory Changes - The regulations include a dedicated chapter on "Tourism Openness and Internationalization," converting national policy benefits into stable and predictable institutional arrangements [4]. - The regulations allow qualified foreign-invested travel agencies to conduct outbound tourism business, with certain exceptions, and permit overnight entertainment venues in key tourist areas [4]. - The regulations encourage the development of new tourism consumption formats, such as marine tourism and performance tourism, allowing foreign investors to establish performance agencies in Hainan [4].

Core Viewpoint - The article discusses the strategic development of Hainan as an international tourism consumption center, emphasizing the need for high-quality tourism development and the implementation of new regulations to enhance the tourism industry [1][3]. Group 1: Strategic Development - Hainan is positioned as a key international tourism consumption center, which requires higher standards and comprehensive development in the tourism sector [1]. - The tourism industry is a major driver of Hainan's economic growth and showcases the achievements of China's reform and opening-up [1][3]. Group 2: Regulatory Framework - The "Hainan Free Trade Port Tourism Regulations" will take effect on December 1, 2025, focusing on tourism openness and internationalization [3]. - The regulations aim to enhance foreign investment in tourism, optimize duty-free policies, and promote innovative tourism experiences [3][4]. Group 3: Tourism Diversification - Hainan's tourism is shifting from traditional sightseeing to personalized, immersive experiences, integrating culture, sports, and wellness [1][4]. - The regulations encourage the development of diverse tourism products, including marine tourism, cultural performances, and eco-tourism [4][5]. Group 4: Safety and Market Regulation - The regulations establish strict management for high-risk tourism activities, ensuring safety and professionalism in the industry [5]. - A comprehensive regulatory system is being implemented to combat issues like "zero-cost tours" and forced shopping, enhancing the overall tourism environment [5][6].

Core Insights - The "Hainan Night" tourism promotion event was held in Haikou, showcasing Hainan's tourism resources and development achievements to guests from ASEAN member countries [1] - Hainan is developing ten distinctive tourism products, including marine tourism, medical wellness, and aerospace tourism, with cities like Haikou, Sanya, and Wenchang gaining recognition [1] - The event highlighted Hainan's advantages, such as 29 tourism promotion offices in 18 countries, over 300 flight routes connecting major global cities, and a top safety rating for tourists in China for five consecutive years [1] Group 1 - The tourism promotion event featured non-heritage displays, tourism presentations, and cultural performances to present Hainan's tourism appeal [1] - Hainan's tourism association introduced four inbound tourism routes focusing on coastal scenery, local cuisine, historical culture, and golf [1] - The 26th Hainan Island Carnival is set to take place in August, featuring 67 themed activities [1] Group 2 - Guests expressed interest in obtaining promotional materials and emphasized the potential for collaboration, particularly in promoting Hainan tourism in their home countries [2] - The visa-free policy for 59 countries is seen as a significant opportunity for enhancing tourism and business connections between Hainan and ASEAN nations [2] - Local travel agencies in Hainan engaged in discussions with ASEAN guests, leading to multiple cooperation intentions in areas like route development and customer exchange [2]

Investment Rating - The report indicates a positive outlook for the tourism industry, highlighting a transition towards high-quality development driven by policy support and market recovery [2][16]. Core Insights - In 2024, multiple favorable policies were introduced at the national level to guide and standardize the tourism industry's development, enhancing infrastructure and service experiences, which supports both immediate market recovery and long-term sustainable growth [2][3][4]. - The tourism market is experiencing a rapid recovery, entering a stable growth phase characterized by diversification and high-quality development, with "tourism+" models and cross-border travel becoming current consumption hotspots [5][9]. - By 2025, the Chinese tourism industry is expected to enter a new phase of high-quality development, with demand showing signs of optimization and dual recovery in cross-border travel, while supply is enhanced through innovative integration and technological empowerment [2][16]. Summary by Sections 1. Policy Environment - In 2024, several beneficial policies were implemented to support the tourism industry's high-quality development, including initiatives to improve mobile network coverage in tourist areas and enhance professional standards for tourism personnel [3][4]. - The government aims to establish a comprehensive and efficient public service system for tourism within 3 to 5 years, aligning with high-quality development goals [4]. 2. Industry Performance - In 2024, domestic travel reached 5.615 billion trips, a year-on-year increase of 14.8%, with urban residents contributing 4.37 billion trips and rural residents 1.245 billion trips [5][6]. - Domestic tourist spending totaled 5.75 trillion yuan, reflecting a year-on-year growth of 17.1%, with urban residents spending 4.93 trillion yuan and rural residents 0.83 trillion yuan [6][7]. 3. Financial Performance of Tourism Enterprises - In the first three quarters of 2024, most tourism enterprises reported revenue growth, although some faced declining profitability due to traditional business models being challenged and competition from emerging platforms [13][15]. - Notable financial data includes China Tourism Group's revenue of 60.903 billion yuan, a slight decline of 0.99%, while Beijing Capital Tourism Group's revenue fell by 8.32% to 35.3 billion yuan [15]. 4. Future Outlook - The tourism industry is projected to see further improvements in key development indicators by 2025, with a significant increase in travel frequency and a shift towards high-quality, immersive experiences [16][17]. - Demand segmentation and structural optimization are expected to be core characteristics of the tourism industry, with urban residents favoring high-quality products and rural residents driving growth in the mass tourism market [17].

Investment Rating - The report indicates a positive outlook for the tourism industry, suggesting a transition into a high-quality development phase by 2025, driven by policy support and market recovery [2][16]. Core Insights - In 2024, the tourism industry is experiencing rapid recovery and steady growth, characterized by diversification and high-quality development, with "tourism+" models and cross-border travel emerging as key consumption hotspots [2][5][9]. - A series of favorable policies from the government are expected to enhance infrastructure and service experiences, providing a solid foundation for both immediate recovery and long-term sustainable development [3][4]. - The demand side is showing signs of consumption stratification and cross-border recovery, while the supply side is accelerating upgrades through innovative business models and technological empowerment [16][17]. Summary by Sections 1. Policy Environment - Multiple favorable policies have been introduced in 2024 to guide and standardize the tourism industry's development, enhancing infrastructure and service experiences [3][4]. - Key initiatives include improving mobile network coverage in tourist areas and establishing national occupational standards for tourism service personnel [3][4]. 2. Industry Performance - In 2024, domestic travel reached 5.615 billion trips, a year-on-year increase of 14.8%, with urban residents showing a 16.3% increase in travel [5][6]. - Total spending by domestic tourists was 5.75 trillion yuan, reflecting a year-on-year growth of 17.1% [6][7]. 3. Financial Performance of Tourism Enterprises - Most tourism enterprises reported revenue growth in the first three quarters of 2024, although some faced declining profitability due to traditional business models being disrupted [13][15]. - Notable revenue figures include China Tourism Group with 60.903 billion yuan and Beijing Capital Tourism Group with 35.3 billion yuan, both showing varying growth rates [15]. 4. Future Outlook - The tourism industry is expected to enter a new phase of high-quality development by 2025, with a focus on optimizing consumption patterns and enhancing service quality [16][17]. - The report anticipates a significant increase in travel frequency and a shift towards high-end, immersive experiences among consumers [16][17].