海峡股份(002320) - 002320海峡股份投资者关系管理信息20251126

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 [2] - The company entered a rapid growth phase after becoming indirectly controlled by China COSCO Shipping Group in 2019 [2] - By 2021, the company completed the integration of shipping resources in the Qiongzhou Strait, enhancing transportation service capabilities [2] - In 2025, the company will acquire 100% of COSCO Shipping Passenger's shares, increasing its roll-on/roll-off vessel fleet to 64 [2] Group 2: Business Model and Revenue Structure - The primary business model involves collecting passenger and cargo transportation fees through shipping, alongside generating terminal operation income from port services [3] - As of the 2025 semi-annual report, revenue breakdown includes: - 72% from the Haian route - 10% from the Yantai to Dalian route - 6% from the Xisha route - 5% from port services - Remaining from other routes and services [9] Group 3: Strategic Initiatives and Future Opportunities - The company is actively pursuing investment in Xuwen Port, with ongoing due diligence and negotiations [5] - The newly launched Haikou to Fangchenggang route covers 157 nautical miles and takes approximately 12 hours, enhancing connectivity with the "Western Land-Sea New Corridor" and "Hainan Free Trade Port" [6] - The implementation of favorable tax policies in Hainan's free trade port is expected to lower operational costs and attract more investors, leading to increased passenger flow [11] Group 4: Shareholder Engagement and Profit Distribution - The company maintains a commitment to returning value to shareholders while ensuring sustainable development [10] - The minority shareholder profit in the financial report is primarily due to the joint venture in Qiongzhou Strait ferry operations, where the company holds a 33.36% stake [4]