Group 1: Market Performance - The A-share market, particularly the Hainan Free Trade Zone and Hainan sector, experienced a significant surge, with stocks like Kangzhi Pharmaceutical and Shennong Seed Industry hitting the daily limit of 20% increase [1] - Nearly 20 stocks in the Hainan sector, including Hainan Airport and Hainan Highway, also reached their daily limit, indicating high market enthusiasm [1] Group 2: Policy Impact - Recent policy releases, including the implementation of cross-border asset management pilot business guidelines, have opened new investment channels for foreign investors in Hainan [4] - The specific date for the full closure of Hainan Free Trade Port has been set for December 18, 2025, which will enhance the region's international connectivity and facilitate trade [5][6] - The "zero tariff" policy for goods will be more favorable, expanding the range of duty-free items from 1,900 to approximately 6,600, which is expected to attract more consumers [7] Group 3: Duty-Free Industry Outlook - The duty-free store sector is positioned as a core beneficiary of the policy advantages, with the potential for increased sales and customer traffic due to enhanced tourism appeal [7] - Sales data from Hainan's duty-free shopping indicate strong consumer interest, with total shopping amounts reaching 309.4 billion yuan in 2024 and over 2.53 trillion yuan by April 20 of the current year [7] - While the growth outlook for the duty-free industry is positive, challenges such as increased competition and potential price reductions due to a broader range of zero-tariff goods are anticipated [8]

Group 1 - The strong performance of Hainan Free Trade Port concept stocks is driven by significant policy support, with multiple stocks hitting the daily limit up [1] - The announcement of the full island customs closure operation starting on December 18, 2025, has injected confidence into the market, leading to a surge in investor interest in Hainan concept stocks [1] - The customs closure will introduce four key policy upgrades, including an expansion of the "zero tariff" policy from 1,900 to approximately 6,600 tax items, increasing coverage from 21% to 74% [1] Group 2 - The continued implementation of the duty-free shopping policy presents long-term development opportunities for related enterprises, with cumulative duty-free shopping amounts reaching 195.82 billion and 28.589 million shoppers over five years [2] - The tourism industry chain is expected to benefit from the customs closure policy, with the construction of an international tourism consumption center driving growth for various stakeholders [2] - Financial services are set to gain from the facilitation of cross-border capital flows, with ongoing tax reforms attracting high-end talent and quality enterprises to Hainan [2]

Core Viewpoint - The Hainan Free Trade Port (Hainan FTP) is set to officially start its customs closure on December 18, 2025, marking a significant milestone in China's efforts to expand its openness and establish a new economic system [1] Group 1: Hainan FTP Development - The policy and institutional framework for Hainan FTP has been initially established over the past five years since the release of the overall plan in June 2020 [1] - The customs closure will create a special customs supervision area across Hainan Island, implementing a policy characterized by "freeing up the first line, controlling the second line, and allowing freedom within the island" [1] Group 2: Six Aspects of Accelerating Openness - The National Development and Reform Commission (NDRC) will focus on six areas to enhance openness, including establishing a free and secure trade management system, expanding the range of zero-tariff goods, and improving the investment environment [2][3] - A transparent and predictable investment environment will be created by relaxing foreign investment access and implementing a commitment-based entry system [2] - Financial policies will be gradually established to support open development, including expanding the functions of multi-functional free trade accounts [2] - More convenient entry and exit management policies will be implemented, including relaxed restrictions on personnel movement and improved visa policies [2] Group 3: Taxation and Fiscal Policies - The Ministry of Finance is working on tax policies related to the customs closure, including the implementation of zero-tariff policies and adjustments to the import tax list [4][5] - The Ministry will continue to implement current preferential tax policies to attract high-end talent and quality enterprises to Hainan [5] - Research on sales tax reform is underway, aiming to simplify the tax system and adapt it to the needs of the Hainan FTP [6] Group 4: Customs and Processing Policies - The General Administration of Customs has optimized the processing and value-added tax exemption policy, allowing goods processed in Hainan to be exempt from import duties if they meet certain value-added criteria [7][8] - The threshold for companies to benefit from the exemption has been lowered, and the range of applicable imported materials has been expanded [7][8] Group 5: Trade Management and Openness - The Ministry of Commerce is developing a list of prohibited and restricted import and export goods, enhancing the transparency and openness of trade management [9][10] - The list will allow for the relaxation of management measures on certain imported goods, significantly increasing the openness of trade in Hainan [10]

Group 1: Policy Changes and Economic Impact - The Hainan Free Trade Port will officially start its full island closure operation on December 18, 2025, with a significant increase in the proportion of "zero tariff" goods from 21% to 74% [1] - The processing value-added threshold for island products to enter the mainland duty-free is set at over 30%, indicating a major shift in trade dynamics [1] - The cross-border asset management pilot program will initiate with a scale of 10 billion yuan, marking a breakthrough in financial services [1] Group 2: Industry Opportunities - The zero tariff policy will encompass 6,600 product categories under a negative list management system, facilitating the free flow of industrial chains across the island [2] - The opening of bonded maintenance for 38 types of goods and the removal of import licenses for 60 types of old machinery will create a market space worth trillions for high-end manufacturing [2] - The annual limit for duty-free shopping for tourists will increase to 100,000 yuan, leading to a significant expansion in the variety of duty-free products available [2] Group 3: Key Companies and Their Prospects - Hainan Ruize (002596), a leading local cement company with over 40% market share, is expected to benefit from increased infrastructure demand due to the Free Trade Port's development [4] - China Duty Free Group (601888), the world's largest duty-free operator, is likely to see its market share grow as the scope of "island-wide duty-free" expands [4] - Caesar Travel (000796), a local tourism leader, may experience explosive growth in cruise and high-end customized travel services due to the facilitation of international tourist entry and enhanced duty-free shopping [4] - Hainan Highway (000886), a state-owned transportation infrastructure platform, will likely see increased toll revenue and commercial value from service areas as tourist numbers rise [4] - Hainan Development (002163) plans to inject duty-free assets from its controlling shareholder, which could synergize with its existing construction business [5] - Hainan Qicheng Group (603069), a public transport leader, may shift its valuation from traditional passenger transport to duty-free operations if its parent company injects duty-free business into it [5]

Market Performance - The Hainan Free Trade Zone concept declined by 4.19%, ranking among the top declines in concept sectors as of July 23 [1] - Notable stocks that hit the daily limit down include Hainan Ruize and Caesar Travel, while Hainan Strait Holdings and Hainan Highway experienced significant declines [1] - Only two stocks within the sector saw price increases, with Lishang Guochao rising by 5.18% and Hainan Huatie by 1.04% [1] Capital Flow - The Hainan Free Trade Zone concept experienced a net outflow of 3.679 billion yuan, with 27 stocks seeing net outflows and 13 stocks exceeding 100 million yuan in net outflows [1] - Hainan Huatie led the outflow with 920 million yuan, followed by Hainan Development, Caesar Travel, and Hainan Highway with outflows of 297 million yuan, 288 million yuan, and 254 million yuan respectively [1] - The stocks with the highest net inflows included Lishang Guochao and ST Huawen, with inflows of 36.78 million yuan and 1.12 million yuan respectively [1] Stock Performance Details - Hainan Huatie had a price change of 1.04% with a turnover rate of 23.47% and a net outflow of 919.67 million yuan [2] - Hainan Development saw a decline of 3.64% with a turnover rate of 18.83% and a net outflow of 296.70 million yuan [2] - Caesar Travel experienced a significant drop of 9.94% with a turnover rate of 23.44% and a net outflow of 288 million yuan [2]

证券代码：002163 证券简称：海南发展 公告编号：2025-061 海控南海发展股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为保证公司董事会各项工作正常开展，同意提名杨晓强先生为公 司第八届董事会非独立董事候选人，任期为股东大会审议通过之日起 至第八届董事会任期届满时止。本次补选事项完成后，董事会中兼任 公司高级管理人员以及由职工代表担任的董事人数总计未超过公司 董事总数的二分之一。详见同日刊登在《证券时报》或巨潮资讯网 （www.cninfo.com.cn）上的《关于补选第八届董事会非独立董事的 公告》 （公告编号：2025-062）。 本议案在提交公司董事会审议前，董事会提名委员会对候选人进 行了资格审查。 一、董事会会议召开情况 海控南海发展股份有限公司（以下简称"公司" ）第八届董事会 第二十三次会议通知于 2025 年 7 月 21 日以电子邮件形式发出，会议 于 2025 年 7 月 22 日以通讯方式召开。本次会议应到董事 8 名，实到 董事 8 名，董事马珺女士代行董事长职责负责召集和主持本次会议。 本次董事会会议的召开符 ...

证券代码：002163 证券简称：海南发展 公告编号：2025-063 海控南海发展股份有限公司 关于召开 2025 年第五次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 海控南海发展股份有限公司（以下简称"公司" ）第八届董事会 第二十三次会议审议通过了《关于提议召开 2025 年第五次临时股东 大会的议案》 ，董事会决定于 2025 年 8 月 8 日召开公司 2025 年第五 次临时股东大会。现将本次股东大会的有关事项通知如下： 一、召开会议的基本情况 法》 、《上市公司股东会规则》等法律法规、规范性文件和《公司章程》 的规定。 （1）现场会议召开日期：2025年8月8日15:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投 票的具体时间为：2025年8月8日9:15-9:25，9:30-11:30和13:00- （http://wltp.cninfo.com.cn）投票的具体时间为：2025年8月8日 结合的方式召开。 （1）现场会议投票：股东本人出席现场会议或通过授权委托书 委托他人出席现场会议行使表决权。 （2） ...

证券代码：002163 证券简称：海南发展 公告编号：2025-062 海控南海发展股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 二〇二五年七月二十三日 海控南海发展股份有限公司（以下简称"公司" ）第八届董事会 目前有 8 名董事，根据《公司章程》第一百零三条等相关规定，公司 需补选一名董事。为保证公司董事会各项工作正常开展，公司于 2025 年 7 月 22 日召开第八届董事会第二十三次会议，审议通过了《关于 补选非独立董事的议案》 。经控股股东海南省发展控股有限公司推荐， 公司董事会提名委员会审核，董事会同意提名杨晓强先生为公司第八 届董事会非独立董事候选人（候选人简历详见附件） ，任期为股东大 会审议通过之日起至第八届董事会任期届满时止。该补选非独立董事 事项尚需提交公司股东大会审议。 本次补选事项完成后，董事会中兼任公司高级管理人员以及由职 工代表担任的董事人数总计未超过公司董事总数的二分之一。 特此公告。 海控南海发展股份有限公司董事会 、总裁助理；海南省发展控股有限公司投资与运营管理部部 长。兼任：海南海岛商业管理有限公司总经理； ...

Group 1 - The company, Hainan Development, reported a total signed but unexecuted order amount of 55,512.53 million yuan and new signed order amount of 342,188.26 million yuan as of the reporting period [1] - The company has a total of 45,265.91 million yuan in unfinished orders, with specific amounts for building curtain walls and decorations [1] - The company confirmed revenue of 39,129 million yuan for the current period, with cumulative confirmed revenue reaching 34,385 million yuan [1] Group 2 - The company has received payments totaling 36,434 million yuan, with a current period collection of 2,996 million yuan [1] - The company has signed construction contracts and confirmed revenue of 17,375 million yuan for the current period, with cumulative revenue of 30,742.36 million yuan [1] - The announcement is a preliminary report and the data is unaudited, intended for investor reference [1]

Group 1 - The company Hainan Development (002163) announced that the new signed orders for the decoration and renovation business in Q2 2025 amounted to 462 million yuan [1] - The amount of orders won but not yet signed totaled 555 million yuan, with a cumulative amount of signed but uncompleted orders reaching 3.524 billion yuan by the end of the reporting period [1] - New signed orders for building curtain walls amounted to 453 million yuan, while new signed orders for building decoration were 9.2245 million yuan [1] Group 2 - Major engineering projects include the exterior and roof decoration of the Shanghai Grand Opera House and the curtain wall project for the China Merchants Bank headquarters [1]