Zhi Tong Cai Jing·2026-01-19 02:08Group 1 - The core viewpoint of the article highlights that China Duty Free Group (中国中免) has seen a stock increase of over 3%, specifically 3.36%, reaching HKD 84.7, with a trading volume of HKD 68.4017 million [1] - The Hainan Free Trade Port has been operational for one month as of January 18, with Haikou Customs reporting a total duty-free shopping amount of RMB 4.86 billion from December 18, 2025, to January 17, 2026, representing a year-on-year increase of 46.8% [1] - The number of shoppers reached 745,000, marking a 30.2% year-on-year growth, while the number of items purchased totaled 3.494 million, up 14.6% year-on-year [1] Group 2 - Guotai Junan Securities believes that the growth of the company is primarily driven by a recovery in the fundamentals rather than short-term policy stimulus, indicating that the improvement in fundamentals is a long-term factor [1] - The recovery of high-end consumption is seen as the foundation for the duty-free industry's revival, suggesting that there are overall opportunities within the duty-free sector [1] - The potential for consumer spending from inbound tourists has not been fully recognized by the market, indicating that the sustainability of China Duty Free Group's performance growth may exceed expectations [1]