HNSS(SZ:002320)2025-12-05 10:52Group 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]