百洋股份：海南封关后 公司子公司暂无新增重大优惠可享受

Core Viewpoint - The company, Baiyang Co., Ltd. (002696), is strategically positioned in Hainan with subsidiaries engaged in food processing and feed production, benefiting from tax incentives in the free trade port [1] Group 1: Business Operations - Baiyang Co., Ltd. has established key subsidiaries in Hainan, including Hainan Jiadexin Food, Hainan Baiyang Aquatic Food, and Hainan Baiyang Feed, covering sectors such as aquatic food processing and feed production [1] - Hainan Jiadexin Food and Hainan Baiyang Aquatic Food are classified as encouraged industries in the free trade port, enjoying a 15% corporate income tax incentive [1] - Hainan Baiyang Feed is recognized as a high-tech enterprise, also eligible for the 15% corporate income tax incentive and related supportive policies [1] Group 2: Import and Regulatory Environment - The company has a low proportion of imported raw materials and equipment, indicating a degree of self-sufficiency in its operations [1] - Following the closure of Hainan, the company's subsidiaries in Hainan do not have any new significant incentives to benefit from [1]