LSR(SZ:002858) Zhong Jin Zai Xian·2025-12-29 09:11Group 1 - The launch of the zero-tariff policy in Hainan marks a significant milestone for the Hainan Free Trade Port, expanding the range of zero-tariff goods from 1,900 to approximately 6,600 tax items, and implementing a "double 15%" tax incentive for eligible enterprises and core talents [1] - The Hainan International Circuit project, a core layout of Lisheng Sports in Hainan, is progressing well and aims to become a world-class platform for international motorsport events, leveraging its advantageous geographical location and strong customer base [1][2] - The integration of Hainan's developed cultural tourism industry with the Hainan International Circuit project is expected to create a "sports + tourism" ecosystem, attracting international motorsport enthusiasts and professional teams, thereby enhancing the local automotive industry [2] Group 2 - The recent approval of Lisheng Sports' stock issuance application will provide solid financial support for the construction and operation of the Hainan International Circuit, aligning with the strategic goals of the Hainan Free Trade Port [3] - Lisheng Sports is focusing on market trends and policy opportunities, aiming to expand its business boundaries while solidifying its existing operations, with a strategic emphasis on "IP-led, digital-driven" development [3]