Group 1 - The stock of Haixia Co., Ltd. reached the daily limit, with a turnover rate of 7.21% and a transaction amount of 2.186 billion yuan, showing a fluctuation of 11.29% [1] - The stock was listed on the Shenzhen Stock Exchange due to a price deviation of 12.72%, with net selling from the Shenzhen Stock Connect amounting to 35.97 million yuan [2] - The top five trading departments had a total transaction of 644 million yuan, with a net buying amount of 239,200 yuan [2] Group 2 - The main capital inflow for the stock was 107 million yuan, with a significant single net inflow of 154 million yuan, while large single capital saw an outflow of 46.64 million yuan [2] - The latest margin trading balance for the stock was 642 million yuan, with a financing balance of 638 million yuan and a securities lending balance of 4.39 million yuan [2] - Over the past five days, the financing balance increased by 137 million yuan, representing a growth of 27.46%, while the securities lending balance rose by 1.6 million yuan, an increase of 57.39% [2]

Group 1: Market Performance - Hainan Free Trade Zone concept stocks surged in the afternoon, with Haixia Co. hitting the daily limit and achieving two consecutive limit-ups, with a year-to-date increase of over 115% [8][11] - Coal and gas sectors also saw gains, with Dayou Energy reaching a daily limit and achieving four consecutive limit-ups, while Guo Xin Energy recorded three limit-ups in four days [2][6] - The banking sector performed strongly, with Agricultural Bank of China reaching a new high [2] Group 2: Delixi Co. Developments - Delixi Co. experienced significant volatility, with a trading range of 20% and a cumulative stock price increase of 130% this year [4][6] - The stock opened at 10.06 yuan, just 1 penny below the daily limit, but initially dropped to the limit-down before rebounding to close at a 3.06% increase, with a turnover rate of 28.85% and a trading volume exceeding 770 million yuan [6] - Delixi announced substantial progress in its control change, with Xinjiang Bingxin New High-tech Industry Investment Partnership planning to subscribe for shares, potentially holding up to 30% of the total share capital post-issuance [4][6] Group 3: Hainan Duty-Free Policy Changes - The Ministry of Finance, General Administration of Customs, and State Taxation Administration jointly announced adjustments to the Hainan duty-free shopping policy, effective November 1 [11] - The range of duty-free goods will expand from 45 to 47 categories, including pet supplies and small appliances, and domestic products will be allowed in duty-free stores [11] - The minimum age for duty-free shopping will change from 16 to 18 years, and residents with departure records can purchase duty-free items without limits within a calendar year [11]

Market Overview - The market experienced a decline, with the Shenzhen Composite Index and ChiNext Index both dropping over 3%. Local stocks in Fujian showed resilience, with Pingtan Development hitting the daily limit. The Hainan Free Trade Port concept gained traction, with Haixia Co. also reaching the limit. Gold stocks continued to perform strongly, while several heavyweight stocks weakened, including a 10% drop in Sungrow Power Supply and a limit down for ZTE Corporation. Overall, nearly 4,800 stocks in the Shanghai and Shenzhen markets were in the red, with a total trading volume of 1.95 trillion yuan [1]. Hot Topics Fujian Free Trade Zone - The Fujian Free Trade Zone sector saw gains, with Haitong Development achieving two consecutive limit-ups, and Pingtan Development and Haixia Innovation also hitting the limit [3][4]. Hainan Free Trade Port - The Hainan Free Trade Port remained active, with Haixia Co. achieving two consecutive limit-ups and Hainan Airport rising by 6%. A new announcement from the Ministry of Finance, General Administration of Customs, and State Taxation Administration regarding the adjustment of duty-free shopping policies for travelers in Hainan will take effect on November 1. The official closure of the Hainan Free Trade Port is set for December 18, 2025, with less than 100 days remaining until its operation begins [5][6]. Gold Sector - The gold sector showed renewed strength, with silver and non-ferrous metals stocks also hitting the limit. The current gold price reached 4,330 USD per ounce, and historical data suggests that gold stocks often exhibit significant elasticity following an upward trend in gold prices [8][9].

Group 1 - The stock price of Haixia Co., Ltd. (SZ:002320) reached its daily limit, closing at 14.00 yuan, with an increase of 9.98% [1] - The total market capitalization of Haixia Co., Ltd. is 31.283 billion yuan [1] - The stock had previously hit the daily limit in the prior trading day [1]

Market Overview - The A-share market continues to adjust, with the Shanghai Composite Index falling by 1.95%, dropping below 3900 points, while the Shenzhen Component Index and the ChiNext Index decreased by 3.04% and 3.36% respectively [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.95 trillion yuan, marking the second consecutive trading day below 2 trillion yuan [1] Sector Performance - The Hainan sector experienced a brief surge in the afternoon, with Haixia Co. hitting the daily limit, Hainan Airport rising over 5%, and Hainan Highway and Hainan Shipping Group also seeing significant gains [1] - The Ministry of Finance and other departments announced adjustments to the duty-free shopping policy for travelers in Hainan, set to take effect on November 1 [1] New Energy Sector - The new energy sector faced a significant pullback, with solar energy, charging piles, and energy storage experiencing collective declines. Notable stocks such as Igor, Kelu Electronics, and Tongrun Equipment hit the daily limit down, while Sunshine Power dropped by 10% and EVE Energy fell by nearly 9% [1] - Popular concepts in consumer electronics, HBM, liquid cooling, and copper-clad boards also saw substantial adjustments, with multiple stocks including ZTE Communications, Deep Technology, Huazheng New Materials, and Invec hitting the daily limit down [1] - A total of 4783 stocks in the market experienced declines [1]

Core Viewpoint - The adjustment of the duty-free shopping policy for travelers in Hainan is expected to boost the local economy and positively impact related stocks, particularly in the tourism and transportation sectors [1][4]. Group 1: Stock Performance - Hainan stocks showed significant movement, with Haixia Co., Ltd. (002320) reaching a rapid limit-up, later fluctuating before closing at the limit again. Other stocks like Hainan Airport and Kangzhi Pharmaceutical rose over 5%, while Hainan Bus Group increased nearly 4% [1]. - Haixia Co., Ltd. reported a 9.98% increase in stock price, with a 30.48% rise over the past five days. Hainan Airport's stock rose by 5.42%, and Kangzhi Pharmaceutical's stock increased by 5.26% [2]. Group 2: Company Developments - Haixia Co., Ltd. indicated that the operation of the entire Hainan island as a closed-off area is expected to enhance passenger flow, linking the company's growth closely to the regional economy [4]. - In the first half of the year, Haixia Co., Ltd. achieved a revenue of 2.721 billion yuan and a net profit of 126 million yuan. The company has integrated resources from China COSCO Shipping (Dalian) to enhance its operational capabilities [4].

Core Viewpoint - The Hainan Free Trade Zone concept has seen a surge in stock prices, with Haixia Co. hitting the daily limit, following the announcement of new tax-free shopping policies for travelers [1] Group 1: Market Reaction - Haixia Co. reached its daily limit, indicating strong investor interest and confidence in the Hainan Free Trade Zone concept [1] - Other companies such as Hainan Airport, Hainan Mining, Hainan Public Transport Group, and Hainan Development also experienced stock price increases [1] Group 2: Policy Announcement - The Ministry of Finance, General Administration of Customs, and State Taxation Administration jointly issued a notice to adjust the tax-free shopping policy for travelers in Hainan [1] - The new policy is set to take effect on November 1, which is expected to further stimulate the local economy and tourism sector [1]

Core Viewpoint - The A-share market in Hainan experienced significant movements, with several stocks, including Haixia Co., Hainan Airport, Hainan Highway, and Hainan Passenger Transport Group, showing notable gains following the announcement of adjustments to the duty-free shopping policy for travelers in Hainan, effective from November 1 [1] Group 1 - Haixia Co. approached the daily limit of increase [1] - Hainan Airport's stock rose over 7% [1] - Hainan Passenger Transport Group's shares increased by more than 6% [1] - Hainan Highway saw a rapid surge in its stock price [1] Group 2 - The announcement was made by the Ministry of Finance and two other departments [1] - The new policy is set to take effect on November 1 [1]

Core Viewpoint - The Hainan sector in the A-share market showed strong performance in the afternoon, driven by a new policy on duty-free shopping for travelers, effective from November 1 [1]. Group 1: Market Performance - Haixia Co. approached the daily limit with a rise of 9.58%, reaching a market capitalization of 31.2 billion [2]. - Hainan Airport increased by over 7.55%, with a total market value of 52.1 billion [2]. - Hainan Shipping Group and Hainan Mining both rose over 6%, with market capitalizations of 8.058 billion and 19 billion respectively [2]. Group 2: Year-to-Date Performance - Haixia Co. has seen a year-to-date increase of 114.43% [2]. - Hainan Airport's year-to-date growth stands at 20.63% [2]. - Hainan Shipping Group and Hainan Mining have year-to-date increases of 39.65% and 36.01% respectively [2].

Core Viewpoint - The online mall business currently contributes a small proportion of revenue and profit, which does not significantly impact the overall operational performance of the company [1] Group 1 - The company is continuously exploring secondary consumption scenarios related to shipping and port operations [1] - Efforts are being made to enhance the consumption ratio in these areas [1]