Core Insights - During the National Day and Mid-Autumn Festival holiday, Haikou Customs reported a total duty-free sales amount of 9.44 billion yuan, with 122,900 shoppers and an average spending of 7,685 yuan per person, representing increases of 13.6%, 3.2%, and 10% respectively compared to the 2024 holiday [1][3] Group 1: Sales Performance - The total duty-free sales amount reached 9.44 billion yuan during the holiday [1] - The number of shoppers was 122,900, showing a growth of 3.2% [1] - The average spending per person was 7,685 yuan, which is a 10% increase [1] Group 2: Promotional Activities - Hainan's duty-free stores attracted consumers through discounts, limited launches, and experiential activities [1] - CDF Haikou International Duty-Free City celebrated its third anniversary with discounts up to 70% and additional benefits like multiple points and large reductions [3] - The store also featured various activities such as professional band performances and technology classes to enhance the shopping experience [3] Group 3: Market Outlook - The fourth quarter is traditionally a peak season for duty-free sales in Hainan [3] - China Duty Free Group plans to continue promotions and integrate cultural tourism to prepare for consumption upgrades after the island's closure at the end of the year [3] - Haikou Customs aims to optimize the supervision process for duty-free sales to fully leverage policy benefits [3]

Core Points - The Ministry of Finance, General Administration of Customs, and State Taxation Administration announced a new duty-free shopping policy for Hainan Island travelers, increasing the annual duty-free shopping limit from 30,000 yuan to 100,000 yuan per person starting from July 1, 2020 [1] - The new policy also removes the single item duty-free limit and expands the categories of duty-free goods to include seven types of consumer-favored products, such as electronic consumer products [1] Industry Impact - Since the implementation of the new policy on July 1, 2020, Haikou Customs has reported that the total amount of duty-free shopping has exceeded 200 billion yuan, with 30 million travelers participating in duty-free shopping and a total of 247 million items purchased as of September 11 [1]

Core Insights - The new policy implemented on July 1, 2020, increased the annual duty-free shopping limit for each traveler to 100,000 yuan and removed the single item duty-free limit, expanding the range of duty-free products to include seven categories such as electronic consumer products [1] Group 1 - Since the implementation of the new policy, as of September 11, the total monitored duty-free shopping amount has exceeded 200 billion yuan, with 30 million travelers participating in duty-free shopping [1] - The number of duty-free shopping items reached 247 million [1] - Various convenient pickup methods have been introduced, including mail delivery, island residents' retrieval, "immediate purchase and pickup," and "guaranteed pickup," enhancing the shopping experience for travelers and further unleashing the potential for duty-free consumption [1]

Core Insights - Hainan's duty-free sales during the summer vacation reached 3.67 billion yuan, with 3.796 million items sold and 667,000 consumers participating [1] Sales Performance - The total sales amount for Hainan's 12 duty-free operators from July 1 to August 31, 2025, was 3.67 billion yuan [1] - The number of items sold during this period was 3.796 million [1] - The total number of consumers who participated in the duty-free shopping was 667,000 [1] Marketing and Promotions - The Fourth Hainan International Duty-Free Shopping Festival and the Seventh China Duty-Free Shopping Festival were held, introducing over 30 brands and showcasing numerous new products [1] - Various promotional activities were launched to stimulate new consumption momentum [1] Consumer Experience - The focus was on family and child-friendly offerings, including the opening of the first CareBears pop-up store and the first CareBears-themed café in mainland China [1] - The company emphasized a warm and enjoyable shopping experience with a diverse range of duty-free products to meet consumer demands [1] Operational Efficiency - Hainan Customs implemented a "centralized + automated" order review model to ensure smooth operation of the duty-free policy during the summer [1] - Increased efforts were made to audit new duty-free products and improve logistics efficiency for popular items [1] - Enhanced store inspections were conducted during peak tourist periods to create a healthy shopping environment for travelers [1]

根据我们收到海南海汽运输集团股份有限公司(以下简称"海汽集团"、 "上市公司")转来的由中国证券监督管理委员会于2022年10月31日下发的 《中国证监会行政许可项目审查一次反馈意见通知书》(222474号)(以下简 称"《一次反馈意见》")相关问题的要求,中天运会计师事务所(特殊普通 合伙）（以下简称"本所或我所"）对问询函就我所涉及到的有关问题，履行 了审慎核查义务,现对《一次反馈意见》核查意见如下: 如无特别说明,本专项核查意见回复中所述的词语或简称与《海南海汽运 输集团股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易 报告书(草案)(修订稿)》(以下简称"《重组报告书》〈修订稿〉"）中 相同。所定义的词语或简称具有相同的含义。补充披露内容在重组报告书中均 以楷体加粗标明。本专项核查意见回复所涉数据的尾数差异或不符系四舍五入 所致。 中天运会计师事务所(特殊普通合伙) IONTEN CPAS 中天运会计师事务所(特殊普通合伙) JONTEN CPAS 《关于海南海汽运输集团股份有限公司发行股份及 支付现金购买资产并募集配套资金暨关联交易报告书 的审核问询函》之专项核查意见 上海证券交易所: ...