（文章来源：每日经济新闻） 每经AI快讯，11月18日，香港中旅(00308.HK)一度跌超18%，截至发稿，跌15.43%，报1.48港元，成交 额5563.06万港元。 ...

香港中旅(00308)一度跌超18%，截至发稿，跌15.43%，报1.48港元，成交额5563.06万港元。 分派完成后，私人公司集团将不再是香港中旅的附属公司。在此过程中，股东可根据持股比例收取私人 公司股份，或选择现金替代，每股股份支付0.336港元现金，约占公告日前最后一个交易日收市价每股 1.53港元的21.96%。预计此次分派将导致合并损益表录得约1.6亿港元的亏损。 消息面上，11月18日，香港中旅实物分派计划除净。每股股份对应一股私人公司(中旅康养度假控股有 限公司)股份的基准实施，根据现金替代应就选择现金的股东持有的每一股股份支付0.336港元现金代 价。今年10月，香港中旅发布公告，宣布将对其旅游地产业务进行内部重组与分拆，使该业务由私人公 司——中旅康养度假控股有限公司持有，及成立私人公司集团，并通过实物分派私人公司股份，将私人 公司集团从香港中旅分拆。 ...

消息面上，11月18日，香港中旅实物分派计划除净。每股股份对应一股私人公司(中旅康养度假控股有 限公司)股份的基准实施，根据现金替代应就选择现金的股东持有的每一股股份支付0.336港元现金代 价。今年10月，香港中旅发布公告，宣布将对其旅游地产业务进行内部重组与分拆，使该业务由私人公 司——中旅康养度假控股有限公司持有，及成立私人公司集团，并通过实物分派私人公司股份，将私人 公司集团从香港中旅分拆。 智通财经APP获悉，香港中旅(00308)一度跌超18%，截至发稿，跌15.43%，报1.48港元，成交额5563.06 万港元。 分派完成后，私人公司集团将不再是香港中旅的附属公司。在此过程中，股东可根据持股比例收取私人 公司股份，或选择现金替代，每股股份支付0.336港元现金，约占公告日前最后一个交易日收市价每股 1.53港元的21.96%。预计此次分派将导致合并损益表录得约1.6亿港元的亏损。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 董事局謹此宣佈，於二零二五年十一月十四日舉行之股東特別大會，股東特別大會之主席提出以投 票表決方式就股東特別大會通告中所有建議之決議案進行表決。於股東特別大會所提呈的決議案的 投票表決結果如下： | | 特別決議案* | 在股東特別大會上投票贊成及反對 該決議案之股份數目及所獲票數 佔具投票權股份總數之百分比 | | | --- | --- | --- | --- | | | | 贊成 | 反對 | | 1. | 批准建議股本削減8,500,000,000港元（由9,222,295,000 | 4,000,287,736 | 288,047 | | | 港元削減至722,295,000港元），不註銷或取消任何普通 | (99.99%) | (0.01%) | | | 股，並謹此授權任何董事將進賬轉撥至保留溢利及動 | | | | | 用可供分派儲備，惟於五週內並無提出債權人╱股東 | | | | | 法院 ...

11月11日，中旅逐浪度假区在万宁日月湾开门迎客，冲浪爱好者体验冲浪的乐趣。 该度假区以"冲浪主题沉浸式体验"为核心定位，构建集运动、住宿、商业、文化于一体的复合型度假生 态，同时成为海南海洋旅游焕新升级的标志性实践。海南日报全媒体记者 张茂 摄 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 香港中旅國際投資有限公司 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號(如上市) | 00308 | | 說明 | | | | | | | | 股份期權計劃詳情 | 上月底結存的股份期權數 目 | | 本月內變動 | | 本月底結存的股份期權數 目 | 本月內因此發行的新股數 目 (A1) | 本月内因此自庫存轉讓的 庫存股份數目 (A2) | 本月底因此可能發行或自 庫存轉讓的股份數目 | 本月底可於所有根據計劃 授出的股 ...

Core Insights - The construction of Hainan Free Trade Port has accelerated the strategic layout of central enterprises in Hainan, contributing to high-quality economic and social development [2] - Central enterprises are seizing the opportunity of the upcoming full island customs operation to increase investment in Hainan [2][8] Group 1: Central Enterprises' Role - Central enterprises are crucial to the national economy and have a special mission in the construction of Hainan Free Trade Port [2] - Since the implementation of the "Hundred Central Enterprises Enter Hainan" initiative in 2020, 69 central enterprises have established strategic cooperation relationships with the Hainan provincial government [2] - The cooperation covers key areas such as infrastructure, energy development, trade finance, transportation, industrial park operations, and tourism [2][3] Group 2: Key Investment Areas - Central enterprises are actively involved in various sectors, including tourism, high-tech industries, and energy [3][5] - Major projects include the world's largest single duty-free shop, joint ventures in commercial aerospace, and investments in offshore wind power [3][5] - In the energy sector, significant projects like the "Deep Sea No. 1" project and the second phase of Hainan nuclear power have been initiated [5][6] Group 3: Agricultural Development - Central enterprises are also playing a vital role in the development of tropical high-efficiency agriculture, with initiatives to upgrade the rubber industry and establish a national gene verification system [6] Group 4: Future Prospects - With the full customs operation set to begin on December 18, 2023, central enterprises are expected to further enhance their investment in Hainan [8][10] - The establishment of regional headquarters by companies like COSCO Shipping Group aims to create a modern logistics system to support Hainan's development [10] - Hainan plans to optimize the business environment to facilitate central enterprises in overcoming challenges related to project construction and investment [10]

Core Viewpoint - The article discusses the trend of companies exiting the real estate sector due to ongoing market adjustments and financial pressures, with a focus on the strategic shifts of several firms towards more stable and profitable business models, particularly in the duty-free and tourism sectors [3][4][10]. Group 1: Company Actions - Zhuhai Duty-Free Group announced the transfer of its real estate subsidiary to focus on duty-free business, marking a significant step in its transformation [5][6]. - Hong Kong Travel announced plans to spin off its tourism real estate business, citing it as a performance drag and aiming to reduce debt levels [10][11]. - Zijiang Enterprise, a leader in the packaging industry, plans to exit the real estate sector after completing its current project, indicating a lack of future development plans in real estate [13][14]. Group 2: Financial Performance - Zhuhai Duty-Free Group's real estate business has been a consistent underperformer, with a reported loss of 3.36 billion yuan in the first half of the year [7]. - The real estate segment's revenue has been declining, with a significant drop in gross profit margins from over 40% in 2018 to 21% in 2023, leading to cumulative losses exceeding 2.7 billion yuan over two years [6][8]. - Hong Kong Travel reported a pre-tax loss of 8 million HKD in the first half of the year, with a net loss of 87 million HKD, primarily due to declines in property values [10][11]. Group 3: Market Trends - The article highlights a broader trend of companies exiting the real estate sector due to shrinking market size, increasing inventory pressure, and difficulties in land acquisition [14]. - A total of 12 companies have exited or are planning to exit the real estate business since 2020, reflecting a shift towards lighter asset models and stable cash flow businesses [3][12].

Core Viewpoint - The real estate sector is facing significant challenges, prompting several companies to divest or exit their real estate businesses in favor of more stable and profitable sectors, such as duty-free and tourism-related activities [1][2][5]. Group 1: Company Actions - Zhuhai Duty-Free Group announced the transfer of its real estate subsidiary to focus on duty-free business, marking a significant shift from its previous real estate operations [2][3]. - Hong Kong Travel announced plans to spin off its tourism real estate business due to its underperformance, which has been a drag on overall company profits [5][6]. - Zijiang Enterprise, a leader in the packaging industry, plans to exit the real estate sector after completing its current project, indicating a strategic shift away from real estate development [8][9]. Group 2: Financial Performance - Zhuhai Duty-Free Group reported a decline in real estate revenue, with a loss of 3.36 billion yuan in the first half of the year, highlighting the ongoing struggles of its real estate segment [4][5]. - Hong Kong Travel's revenue decreased by 8% to 19.74 billion HKD, with a net loss of 870 million HKD, primarily due to declines in property values and performance [6]. - Zijiang Enterprise expects a significant increase in net profit for the first three quarters of 2025, driven by the successful delivery of its Shanghai project, despite plans to exit the real estate sector [8][9]. Group 3: Industry Trends - Since 2020, 12 companies have exited the real estate sector or restructured to focus on lighter asset models, reflecting a broader trend of divestment in the industry [1][5]. - The real estate sector is experiencing a contraction, with rising inventory pressures and difficulties in project development, leading companies to refocus their investments [9].

Group 1: Core Views - The real estate sector is facing significant challenges, prompting companies like Zhuhai Jiumian Group and Hong Kong Travel to divest from their real estate businesses to focus on more stable revenue streams such as duty-free operations and tourism [1][5][6] - A total of 12 companies have exited the real estate sector since 2020, indicating a broader trend of divestment in response to market adjustments and financial pressures [1][5] - Companies are seeking to reduce debt and optimize their financial structures by shedding real estate assets, which are currently undervalued in the capital markets [1][3] Group 2: Zhuhai Jiumian Group Developments - Zhuhai Jiumian Group announced a major asset restructuring, transferring 100% of its real estate subsidiary, Zhuhai Gree Real Estate Co., to Zhuhai Toujie Holdings, marking a critical step in its transition to a duty-free business model [2][3] - The company has committed to exiting the real estate sector entirely within five years, having already divested five subsidiaries outside of Zhuhai [3][5] - The real estate business has been a significant drag on Zhuhai Jiumian's performance, with a reported net loss of over 2.7 billion yuan from 2022 to 2023 [3][4] Group 3: Hong Kong Travel's Strategy - Hong Kong Travel plans to spin off its tourism real estate business, which includes five core projects, due to its underperformance and the associated risks [5][6] - The company reported a decline in revenue and a shift from profit to loss, primarily due to the depreciation of investment properties [6] - The divestment aims to lower overall debt levels and refocus resources on tourism-related operations, which are expected to yield better profitability [6] Group 4: Industry Trends and Challenges - The real estate industry is experiencing a contraction, with increasing inventory pressures and difficulties in project development, leading many companies to exit the sector [8][9] - Companies like Zijiang Enterprises, despite currently benefiting from real estate projects, have indicated plans to exit the sector after completing existing developments [8][9] - The overall trend reflects a shift in focus for many firms, moving away from real estate towards more sustainable and less capital-intensive business models [8][9]