Sou Hu Cai Jing·2025-07-24 03:32Core Viewpoint - The implementation of tax exemption policies in Hainan Free Trade Port is expected to significantly boost various industries, with a focus on zero tariffs and enhanced trade facilitation [1] Industry Analysis - Duty-Free Retail: The expansion of duty-free policies post-closure will lead to growth in the duty-free retail sector as the range of duty-free products increases [2] - Tourism and Hospitality: The favorable policies are anticipated to attract more tourists to Hainan, thereby stimulating the local tourism and hotel industries [3] - Port and Shipping: The increased trade facilitation after the closure is expected to enhance port logistics business [4] - Pharmaceutical Manufacturing: As a key encouraged industry, pharmaceutical companies will benefit from tax exemptions related to processing and value addition [5] - High-Tech Industry: The focus on developing high-tech industries in the free trade port will provide multiple policy benefits to related companies [6] Beneficiary Companies - China Duty Free Group (601888): As a leader in the duty-free industry, the company will directly benefit from the upgraded duty-free policies [7] - Hainan Airport (600515): Being a key transportation hub, the company is expected to benefit from increased passenger and logistics flow [8] - Strait Shipping (002320): As a leader in waterway transportation in Hainan, the company will benefit from enhanced trade facilitation [9] - Hainan Haiyao (000566): The local pharmaceutical leader will enjoy the benefits of tax exemptions for processing and value addition [10] - Hainan Shipping Group (603069): The company will benefit from the growth in the tourism industry [10]