Group 1: Market Performance - The Hong Kong new consumption sector showed strength on December 22, with notable stock increases: Mixue Group rose nearly 10%, Lao Pu Gold increased over 6%, and Pop Mart gained 3.68% [1] - In the A-share market, duty-free and department store stocks surged, with Haiqi Group, China Duty Free, and Dongbai Group hitting the daily limit; Wangfujing and Baida Group rose over 5% [1] Group 2: Policy and Industry News - The Ministry of Commerce emphasized boosting consumption and expanding the supply of quality goods and services during a meeting on December 20 [1] - Hainan's duty-free consumption was significantly boosted following the full closure of the Hainan Free Trade Port, with Sanya's duty-free sales reaching 118 million yuan on the first day, showing an 85% year-on-year increase [2] Group 3: Company Developments - Mixue Group's stock price surged following the opening of its Hollywood store on December 20, with competitive pricing significantly lower than local brands [2] - Mixue Ice City has expanded internationally, with approximately 4,700 overseas stores across 13 countries, and plans for further expansion in the Americas [3] - Lao Pu Gold experienced increased consumer traffic due to the upcoming holiday season, with reports of long queues at multiple locations [4] - Lao Pu Gold's single-store sales are estimated to be about twice that of Cartier and three times that of Van Cleef & Arpels, indicating strong competition with luxury brands [4] - Pop Mart's stock rose over 5% following a collaboration with Heytea, marking the first global launch of a co-branded product [4]

数据显示，华夏基金旗下1只基金位居珠免集团十大流通股东。华夏中证1000ETF（159845）三季度减 持9400股，持有股数614.71万股，占流通股的比例为0.33%。根据测算，今日浮盈赚取约221.3万元。 12月22日，珠免集团涨5.22%，截至发稿，报7.26元/股，成交2.33亿元，换手率1.74%，总市值136.85亿 元。 资料显示，珠海珠免集团股份有限公司位于广东省珠海市石花西路213号，成立日期1999年6月9日，上 市日期1999年6月11日，公司主营业务涉及房地产开发经营、物业管理、建筑材料的销售等;免税品销售 业务。主营业务收入构成为：免税65.02%，房产板块25.99%，大消费11.28%，其他0.33%。 从珠免集团十大流通股东角度 华夏中证1000ETF（159845）成立日期2021年3月18日，最新规模454.69亿。今年以来收益24.53%，同 类排名1995/4197；近一年收益19.53%，同类排名2410/4152；成立以来收益25.3%。 截至发稿，赵宗庭累计任职时间8年252天，现任基金资产总规模3558.65亿元，任职期间最佳基金回报 119.87%， 任职 ...

Group 1 - The core viewpoint of the articles emphasizes the need for Hainan to leverage its free trade port policies to enhance consumer experiences and attract more businesses, particularly in the duty-free sector [1][5][14] - Hainan's duty-free market shows potential for growth, with a focus on improving product offerings and consumer experiences to compete with other regions [12][13] - The introduction of new policies allows domestic products to enter duty-free stores, expanding the range of available goods and enhancing the shopping experience for consumers [11][12] Group 2 - The CEO of CFB Group expresses confidence in the Hainan market, anticipating significant growth opportunities for brands like Dairy Queen as the free trade port develops [1][14] - The duty-free shopping experience in Hainan is currently perceived as lacking in variety and competitive pricing compared to other markets, indicating a need for improvement [12][13] - The government is actively promoting Hainan as a global trade hub, attracting businesses by offering tax incentives and reducing operational costs for companies [6][7] Group 3 - The development of Hainan's tourism infrastructure, such as the expansion of Sanya Phoenix International Airport, aims to enhance the overall consumer experience and attract more visitors [8][9] - The integration of cultural and commercial activities is seen as a strategy to retain tourists and deepen consumer engagement in Hainan [9][10] - The focus on creating a vibrant local economy through production and consumption linkages is essential for sustaining long-term growth in Hainan's duty-free sector [13][14]

Group 1 - The core viewpoint emphasizes the need for Hainan to leverage its free trade port policies to enhance the quality of duty-free consumption and attract more businesses and tourists [2][3][4] - The duty-free shopping experience in Hainan shows significant price advantages, with discounts on products like gold and Apple phones, indicating a potential for increased consumer interest [5][7][11] - The introduction of domestic products into duty-free stores is expected to diversify offerings and attract more consumers, addressing previous limitations of primarily imported goods [23] Group 2 - The construction of commercial spaces in airports, such as the new T3 terminal at Sanya Phoenix International Airport, aims to enhance the travel experience and promote shopping as part of the travel journey [19][20] - The growth of duty-free shopping in Hainan is reflected in the statistics, with a 27.1% year-on-year increase in shopping amounts in November 2023, indicating a positive trend in consumer engagement [21] - The integration of cultural and tourism activities is seen as a strategy to deepen consumer engagement and enhance the overall experience for visitors [20][26] Group 3 - Companies like Dairy Queen are optimistic about expanding their presence in Hainan, anticipating that the influx of population and improved infrastructure will drive demand for their products [2][28] - The focus on creating a supportive environment for businesses and talent retention is crucial for Hainan's long-term economic growth, drawing parallels with successful models in places like Singapore [29][31] - The emphasis on enhancing service quality and consumer experience is vital for fostering repeat visits and building a positive reputation for Hainan's duty-free shopping [27][31]

证券日报网讯 12月17日晚间，珠免集团发布公告称，公司2025年第五次临时股东会审议《关于本次交 易符合上市公司重大资产重组相关法律法规规定的议案》《关于本次重大资产出售暨关联交易方案的议 案》等多项议案。 （编辑 任世碧） ...

| 证券代码：600185 | 证券简称：珠免集团 | | 公告编号：临 2025-077 | | --- | --- | --- | --- | | 债券代码：250772 | 债券简称：23 格地 | 01 | | 珠海珠免集团股份有限公司 2025年第五次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (二)股东会召开的地点：珠海市香洲区石花西路 213 号珠海珠免集团股份有 限公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 972 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 155,857,144 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 8.2682 | | 份总数的比例（%） | | (一)股东会召开的时间：2025 年 12 月 17 日 (四)表决方式是否符合《公司法》及公司《章程》的 ...

珠海市横琴新区吉临路 59 号信德口岸商务中心 1101-1104 室 电话：0756-2991128 邮编：519000 德恒永恒（横琴）联营律师事务所 关于珠海珠免集团股份有限公司 2025 年第五次临时股东会的 法律意见 德恒永恒（横琴）联营律师事务所 关于珠海珠免集团股份有限公司 2025 年第五次临时股东会的法律意见 德恒永恒（横琴）联营律师事务所 关于珠海珠免集团股份有限公司 2025 年第五次临时股东会的 法律意见 德恒 49G20230061-13 号 致：珠海珠免集团股份有限公司 珠海珠免集团股份有限公司（以下简称"公司"）2025 年第五次临时股东 会（以下简称"本次会议"）于 2025 年 12 月 17 日（星期三）召开。德恒永恒 （横琴）联营律师事务所（以下简称"德恒"）受公司委托，指派陈坚律师、 程亚晖律师（以下简称"德恒律师"）出席了本次会议。根据《中华人民共和 国证券法》（以下简称"《证券法》"）、《中华人民共和国公司法》（以下 简称"《公司法》"）、中国证券监督管理委员会《上市公司股东会规则》 （以下简称"《股东会规则》"）、《珠海珠免集团股份有限公司章程》（以 下简称"《公 ...

证券日报网讯 12月15日晚间，珠免集团发布公告称，公司因经营发展需要向广东南粤银行股份有限公 司珠海分行（简称"南粤银行"）申请新增借款人民币2.8亿元。此前，公司向南粤银行借款人民币2亿 元，公司控股子公司免税公司已为该笔借款提供最高额不超过人民币2亿元的连带责任保证担保。为满 足本次新增借款需求，公司控股子公司免税公司拟与南粤银行签订《担保类合同通用补充协议》，约定 免税公司为公司前述既有借款及本次新增借款提供连带责任保证担保，担保的借款本金最高额不超过人 民币4.8亿元，保证期间为主债务履行期届满之日起三年。本次担保不涉及反担保。上述担保无需提交 公司董事会、股东会审议。 （文章来源：证券日报） ...

Group 1 - The company plans to transfer 100% equity of Zhuhai Gree Real Estate Co., Ltd. to Zhuhai Tojie Holdings Co., Ltd. as part of a major asset sale and related party transaction [1][2] - The overall restructuring plan has received preliminary approval from the Zhuhai State-owned Assets Supervision and Administration Commission [2] - The transaction is subject to approval by the company's shareholders and other necessary legal and regulatory approvals, which introduces uncertainty regarding the timing and feasibility of the transaction [2] Group 2 - The company’s subsidiary, Zhuhai Duty-Free Enterprise Group Co., Ltd., plans to provide a joint liability guarantee of RMB 280 million for the company’s new borrowing [5][6] - After this guarantee, the total maximum principal amount guaranteed will not exceed RMB 480 million [5][9] - As of the announcement date, the subsidiary has already provided guarantees totaling RMB 820 million for the company [6][12] Group 3 - The company reported total assets of RMB 172.60 billion and total liabilities of RMB 141.66 billion as of September 30, 2025 [7] - For the first nine months of 2025, the company achieved operating revenue of RMB 24.96 billion, with a net profit attributable to shareholders of RMB -5.65 billion [7] - The company’s total external guarantee balance, including this new guarantee, is RMB 6.877 billion, which is 590% of the latest audited net assets [12]

截至发稿，珠免集团市值为129亿元。 每经头条（nbdtoutiao）——"一针两千，童颜针年销3亿元"背后：多家关联方注册地"查无此人"，股民 追问"钱呢"！钱氏姐弟几乎"掏空"江苏吴中，公司即将退市 每经AI快讯，珠免集团（SH 600185，收盘价：6.83元）12月15日晚间发布公告称，截至2025年12月15 日，公司对外担保余额为68.77亿元，占公司最近一期经审计净资产11.65亿元的比例为590%，包括对公 司及其属下控股公司提供的担保；公司为关联方重庆两江新区格力地产有限公司提供反担保余额为7.94 亿元。 2025年1至6月份，珠免集团的营业收入构成为：免税商品销售占比61.4%，房地产占比24.43%，其他占 比12.4%，其他业务占比1.78%。 （记者 曾健辉） ...