Jin Rong Jie·2025-12-22 02:20Group 1 - The core viewpoint of the article highlights the positive market reaction to the launch of the Hainan Free Trade Port, with China Duty Free Group (01880) seeing a stock increase of 3.68% to HKD 73.3 [1] - On December 18, the first day of the full island closure in Hainan, the duty-free shopping amount reached CNY 161 million, with 24,800 shoppers and 118,000 items sold, representing year-on-year increases of 61%, 53.1%, and 25.5% respectively [1] - Sanya's duty-free sales on the first day of the closure amounted to CNY 118 million, indicating strong consumer interest and spending in the region [1] Group 2 - According to Industrial Securities, the opening of new city duty-free stores in Q3 and Q4 is expected to enhance customer flow through a combination of duty-free and taxable sales strategies [1] - The optimization of duty-free policies, including those for offshore and city stores, is anticipated to expand store coverage, attract new customer segments, increase sales range and categories, and simplify certain approval processes [1] - The current structure of the duty-free sector is considered favorable, with a fundamental recovery trend, and there are expectations for continued policy-driven growth in the future [1]