Core Viewpoint - The Shanghai Composite Index rose by 0.23% on November 5, with 20 industries experiencing gains, particularly in the power equipment and coal sectors, which increased by 3.40% and 1.39% respectively [1] Industry Performance - The power equipment industry led the gains with a net inflow of 146.08 billion yuan, contributing to its 3.40% increase [1] - The coal industry also saw a positive performance, ranking second in net inflow [1] - The retail trade industry ranked third in terms of gains, with a 1.22% increase and a net inflow of 9.01 billion yuan [1] Fund Flow Analysis - Overall, the main funds in the two markets experienced a net outflow of 86.38 billion yuan [1] - Among the 20 industries with net outflows, the computer industry had the largest outflow at 63.63 billion yuan, followed by the electronics industry with 46.16 billion yuan [1] - Other industries with significant net outflows included telecommunications, non-bank financials, and automotive sectors [1] Stock Performance in Retail Trade - In the retail trade sector, out of 97 stocks, 77 saw an increase, with one hitting the daily limit, while 18 stocks declined [1]

Group 1 - The company plans to hold an investor open day on November 28, 2025, in Sanya, Hainan Province [1] - The purpose of the event is to provide investors with a comprehensive understanding of the company's operational results, strategic planning, and core competitiveness [1] - The initiative aims to enhance investor recognition and confidence in the company, fostering closer and more effective interactions between the company and its investors [1]

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，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 China Tourism Group Duty Free Corporation Limited 承董事會命 中國旅遊集團中免股份有限公司 董事會主席 （一家於中華人民共和國註冊成立的股份有限公司） （股份代號：1880） 范雲軍先生 中國•北京 2025年11月5日 於本公告日期，董事會成員包括非執行董事范雲軍先生及劉昆女士，執行董事常 築軍先生、王月浩先生及王軒先生及獨立非執行董事葛明先生、王瑛女士及王強 先生。 中國旅遊集團中免股份有限公司 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國旅遊集團中免股份有限公司在上海證券交易所網站刊登的《中國旅遊 集團中免股份有限公司關於舉辦投資者開放日活動的公告》，僅供參閱。 特此公告。 2. 活动地点：海南省三亚市海棠区海棠北路 118 号 cdf 三亚国际免税城 3. 活动对象：公司股东及对公司感兴趣的投资 ...

Group 1 - The tourism retail sector increased by 2.85% on November 5, with China Duty Free Group leading the gains [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] - China Duty Free Group's closing price was 77.60, reflecting a 2.85% increase, with a trading volume of 648,000 shares and a transaction value of 5.044 billion yuan [1] Group 2 - The tourism retail sector saw a net inflow of 364 million yuan from main funds, while retail investors experienced a net outflow of 271 million yuan [1] - The main funds for China Duty Free Group had a net inflow of 72.2% with a net outflow of 93.4145 million yuan from speculative funds [1]

证券代码：601888 证券简称：中国中免 公告编号：临2025-033 中国旅游集团中免股份有限公司 关于举办投资者开放日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 为便于广大投资者全面、立体、深入地了解中国旅游集团中免股份有限公司 （以下简称"公司"）的经营成果、战略规划及核心竞争力，增进投资者对公司 的认知和投资信心，促进公司与投资者之间建立更为紧密、良好的互动关系，实 现公司与投资者的共赢发展，公司拟于 2025 年 11 月 28 日在海南省三亚市举办 投资者开放日活动，现将有关事项公告如下： 一、活动安排 1. 活动时间：2025 年 11 月 28 日（周五）9:00-12:00 5. 出席人员：公司领导及相关业务负责人等 二、报名方式 为更好地安排本次活动，请有意参与此次活动的投资者于 2025 年 11 月 21 日中午 12:00 前通过如下方式报名参加： 1. 点击链接预约报名 https://www.yuediaoyan.com/research/index.php/Home/Strat ...

Group 1 - The Hang Seng Index turned positive, while the Hang Seng Tech Index narrowed its decline to 0.3% [1] - China Duty Free Group (中国中免) saw an increase of approximately 3% [1] - Tianqi Lithium (天齐锂业) experienced a rise of about 5% [1]

Group 1 - The Hang Seng Index fell by 0.28%, down 73 points, closing at 25,878 points, while the Hang Seng Tech Index decreased by 0.80%. The early trading volume in Hong Kong stocks was HKD 138.2 billion [1] - AI concept stocks experienced a decline, with concerns over high valuations. Institutions suggest that the long-term outlook for Hong Kong tech stocks remains attractive [1] - Hui Liang Technology (01860) dropped over 6%, and Kingsoft (03888) fell by 2.81% [1] Group 2 - Longpan Technology (603906) saw an increase of over 9% as lithium battery midstream prices continue to rise, with institutions expecting further price momentum [2] - Yimai Sunshine (02522) rose by 3.27% following several directors' share purchases, and the "AI + healthcare" sector is expected to benefit from new policies [3] - China Duty Free Group (601888) (01880) increased by over 4%, marking its first interim dividend, with recent policies likely to boost the duty-free industry [3] Group 3 - Yihua Tong (02402) surged by 7.7%, with significant cash flow improvement in the first three quarters, and fuel cell vehicle production is expected to accelerate [4] - Tianli International Holdings (01773) rose by 4.9%, with its AI learning companion already implemented in over 100 schools nationwide [5] - Mixue Group (02097) increased by 2.89%, planning to collaborate with Anjun Express for cold chain operations in Brazil [6] Group 4 - Huishang Bank (03698) rose by 4%, reporting a net profit of CNY 14.149 billion in the first three quarters, with institutions indicating potential for future growth [7] - Sanhua Intelligent Control (002050) (02050) fell by 1.94%, as Goldman Sachs pointed out overly optimistic robot expectations, while the market is focused on Tesla's trillion-dollar compensation plan [7] - Home Control (01747) dropped by 13%, facing scrutiny from the Hong Kong Securities and Futures Commission due to high stock ownership concentration [7] - Long Fiber Optic (601869) (06869) declined by 2.81%, with Q3 net profit down nearly 11%, and UBS stated that the impact of hollow-core fiber on profitability is limited in the short term [7]

Market Overview - The Hang Seng Index fell by 0.28%, down 73 points, closing at 25,878 points, while the Hang Seng Tech Index decreased by 0.80%. The early trading volume in Hong Kong stocks was HKD 138.2 billion [1]. AI Sector - AI concept stocks experienced a decline, with concerns over high valuations intensifying. Institutions suggest that the long-term outlook for Hong Kong tech stocks remains attractive. HuiLiang Technology (01860) dropped over 6%, and Kingsoft (03888) fell by 2.81% [1]. Lithium Battery and Healthcare - Longpan Technology (02465) saw a midday increase of over 9% due to ongoing price hikes in the lithium battery midstream, with institutions predicting further price momentum. Yimai Sunshine (02522) rose by 3.27% following several directors' share purchases, indicating a positive outlook for the "AI + healthcare" sector amid new policies [1]. Duty-Free Industry - China Duty Free Group (01880) rose over 4% against the market trend, marking its first interim dividend. Recent policy developments are expected to boost growth in the duty-free industry [1]. Fuel Cell Vehicles - Yihua Tong (02402) increased by 7.7%, with significant cash flow improvement in the first three quarters, and the potential for accelerated release of fuel cell vehicles [1]. Other Companies - Tianli International Holdings (01773) rose by 4.9% as its AI companion has been implemented in over 100 schools nationwide [2]. - Mixue Group (02097) increased by 2.89% due to a planned cold chain cooperation with Anjun Express in Brazil [3]. - Huishang Bank (03698) rose by 4%, reporting a net profit of CNY 14.149 billion for the first three quarters, with expectations for future inclusion in the stock connect [3]. - Sanhua Intelligent Control (02050) fell by 1.94% as Goldman Sachs indicated overly optimistic robot expectations, with market attention on Tesla's trillion-dollar compensation plan [4]. - HOME CONTROL (01747) dropped by 13% after being named by the Hong Kong Securities and Futures Commission for high shareholding concentration [5]. - Changfei Optical Fiber and Cable (06869) fell by 2.81%, with Q3 net profit declining nearly 11%. UBS stated that the impact of hollow-core fiber on profitability is limited in the short term [6].

Group 1: Stock Movements and Company Announcements - China Duty Free Group (01880) saw a rise of over 3.9% after announcing its first interim dividend plan, proposing a distribution of 2.50 yuan per 10 shares, totaling approximately 517 million yuan, which accounts for 16.95% of its net profit for the first three quarters [1] - Gu Ming Holdings (01364) experienced an early morning increase of nearly 4%, with a current rise of 1.39%, following the announcement of a board meeting scheduled for November 14, 2025, to consider a special dividend [1] - Yuejiang (02432) rose over 4.38% after announcing a strategic partnership with Lens Technology, involving a procurement order of 1,000 robots, marking a new phase in their collaboration [1] - Tianli International Holdings (01773) increased by over 4.4% after a successful event in Chengdu focused on AI in education [1] - Yihua Tong (02402) surged by nearly 8% after reporting a positive cash flow of 4.61 million yuan for the first three quarters, a significant improvement from a loss of 221 million yuan in the same period last year [2] - Home Control (01747) fell over 14% after the Hong Kong Securities and Futures Commission raised concerns about its highly concentrated shareholding structure [2] - XPeng Motors (09868) saw a decline of over 5%, currently down 3.26%, ahead of its AI Technology Day scheduled for November 5 [2] - Shanghai Petrochemical (00338) dropped over 2.2% after reporting a 10.77% decrease in revenue and a net loss of 432 million yuan for the first three quarters [3] - Sanhua Intelligent Control (02050) fell over 2.1% amid speculation regarding Tesla's upcoming annual shareholder meeting [3] - Mixue Group (02097) rose over 3% following a strategic cooperation signing ceremony with Anjun Express in Brazil [4] Group 2: U.S. Market Movements - Palantir (PLTR.US) stock fell over 7.94% despite reporting a 63% year-on-year revenue increase to 1.18 billion USD for the third quarter [5] - The Nasdaq Golden Dragon China Index declined over 2%, with notable drops in several Chinese stocks, including Futu Holdings (FUTU.US) down over 7.57% and XPeng (XPEV.US) down nearly 4% [5] - Metsera (MTSR.US) surged over 20% following increased acquisition bids from Pfizer (PFE.US) and Novo Nordisk (NVO.US) [5] - Yum China (YUMC.US) rose over 1.9% after a positive earnings call highlighted the success of its new business model [5] - Cryptocurrency-related stocks fell, with Coinbase (COIN.US) down over 6.9% and Bitcoin dropping over 1.7% [6] - Tesla (TSLA.US) dropped over 5% due to multiple negative factors, including a lawsuit related to a serious accident and a rejection of a significant compensation proposal for CEO Elon Musk [6] - Baidu (BIDU.US) rose over 3.1% after announcing that its autonomous driving platform surpassed 250,000 weekly orders, marking a significant milestone [6] - Uber (UBER.US) fell over 5% after reporting lower-than-expected operating profit for the third quarter [7] - Philips (PHG.US) increased nearly 3% after reporting a 2% decline in sales but exceeding market expectations for adjusted EBITA [7] - Spotify Technology (SPOT.US) saw fluctuations in its stock price following the release of its third-quarter earnings report, with several key metrics surpassing market expectations [7]

Group 1 - The core point of the article is that China Duty Free Group has announced its first interim dividend plan, proposing a distribution of 2.50 yuan per 10 shares, totaling approximately 517 million yuan, which accounts for 16.95% of the net profit attributable to shareholders for the first three quarters [3][4] - Huachuang Securities indicates that the company's decision to implement dividends during a challenging performance period sends a clear signal of its stable financial condition and effective cash flow management, which helps stabilize investor expectations and demonstrates management's confidence in the company's long-term development [3] - CICC's report highlights that recent policy changes are expected to boost the duty-free industry, including adjustments to the Hainan offshore duty-free shopping policy that enrich product categories and increase purchasing eligibility, potentially leading to sales growth [3][4] Group 2 - The article mentions that on October 30, further policy improvements were made to support the sales of domestic products in both port exit duty-free shops and city duty-free shops, expanding the range of products offered [3] - The full closure of Hainan Free Trade Port is set to officially launch on December 18, which is anticipated to drive both passenger flow and duty-free sales [4]