Core Insights - Haikou Jiangdong New District is positioned uniquely compared to other areas in Hainan, showcasing significant development potential [1][3] - The district's overall plan includes a focus on an airport economic zone, coastal ecological headquarters, and various functional clusters [3][5] Economic Development - Since its establishment in 2020, Jiangdong New District has attracted 483 key enterprises, including 48 Fortune 500 companies, forming industry clusters in air transport economy, new finance, premium consumption, and digital intelligence [3][5] - By mid-2025, the economic openness of Jiangdong New District reached 198%, an increase of 25.5 percentage points from 2024, with modern commercial services and air transport economy generating revenues exceeding 800 billion yuan and 130 billion yuan respectively [3][5] Investment and Infrastructure - The district is actively promoting high-quality economic development through "business-driven investment," establishing professional committees to attract new members and hosting specialized economic activities [5] - The Fude Group is investing in a comprehensive urban project in Jiangdong New District, covering over 500,000 square meters with a total investment of 10 billion yuan [5] International Perception - International media representatives express surprise at the rapid development in aviation and foreign economic sectors within Jiangdong New District, indicating a strong interest in promoting its progress to global audiences [5][6] - The district is seen as a new hub for global enterprise investment, innovation, and cooperation, highlighting its ecological and economic integration [6]

Group 1 - The first batch of duty-free maintenance services for engine gearboxes in Hainan Free Trade Port has been successfully implemented, marking a significant development in the high-end automotive industry in the region [1] - The service is provided by CRRC International Vehicle Industry (Hainan) Co., Ltd., which is a subsidiary of China General Technology (Group) Holding Limited, and focuses on duty-free maintenance as its core business [1] - The special regulatory policies in the comprehensive bonded zone allow the company to enjoy benefits such as "domestic maintenance + no guarantee," significantly reducing the financial pressure on enterprises [1] Group 2 - The company expects to complete the maintenance of 2,000 to 3,000 automotive gearboxes in the second half of the year, expanding its business footprint and promoting the "China Maintenance" brand internationally [2] - The implementation of this business is a strong measure by customs to support the development of the new business model of "duty-free maintenance remanufacturing" as outlined in the overall plan for Hainan Free Trade Port [2] - The Haikou Comprehensive Bonded Zone has attracted four companies in the automotive and electronics sectors to establish duty-free maintenance operations, with total import and export value exceeding 100 million yuan from January to July [2]

第三场活动以"就业创业机遇分享"为主题。相关专家围绕海南自贸港封关运作，深入剖析自贸港建 设为港澳青年带来的就业与创业新机遇，系统解读了贸易、投资、税收等领域的核心政策，并现场解答 了港澳青年提出的有关项目落地、补贴申请、人才公寓等问题。 首场"港澳创享汇"活动以"海南自贸港人才政策解读"为主题。现场，专家深入解析"1+3人才政 策"体系，聚焦港澳青年在创业扶持、安居保障、子女教育、税收减免等方面的需求，解读海南自贸港 针对港澳人才的支持政策和制度优势，增强港澳青年在琼长远发展的信心。 在第二场活动中，多位在琼成功创业的港澳青年代表分享经验，激发港澳青年投身海南经济社会发 展的热情。如，澳门"大堂街炸鸡"主理人涂庆博分享了品牌借力"首店经济"政策、融合在地文化的经 验;海南云端无人机科技服务有限公司总经理郭志福讲述了抢抓国家低空经济发展战略机遇、在琼开拓 创新的实践历程。 省委统战部举办"港澳创享汇"活动 向港澳青年宣传海南自贸港创业机遇 海南日报讯(海南日报全媒体记者 张文君)近期，省委统战部举办了三场"港澳创享汇"活动，旨在 通过政策赋能与创业引领，吸引港澳青年共享海南自贸港建设机遇。 ...

Core Viewpoint - The company reported a revenue of 1.079 billion yuan for 1H25, a year-on-year decline of 6.1%, with a net loss attributable to shareholders of 70 million yuan, narrowing by 71.7% compared to the previous year. The weaker performance is attributed to poor traffic flow and competition from other airports and transport modes, but long-term prospects remain positive due to the benefits from the Hainan Free Trade Port [1][2]. Revenue Performance - The company's traffic volume faced pressure, with passenger throughput at 13.91 million, down 4.1% year-on-year, primarily due to changes in popular tourist destinations and competition from other airports [1]. - Revenue from aviation-related businesses fell by 4.6% to 576 million yuan, aligning with traffic growth rates. Non-aviation revenue showed weaker monetization capabilities, with total non-aviation revenue declining by 15.6% to 260 million yuan, despite a 2.5% increase in concession revenue to 243 million yuan driven by steady growth in advertising [1][2]. Cost Structure and Losses - The company's operating costs were rigid, with total costs rising by 5.5% to 1.046 billion yuan in 1H25. Labor costs increased by 13 million yuan, and maintenance costs rose by 19 million yuan due to renovation needs [2]. - Despite the decline in revenue, the net loss attributable to shareholders narrowed to 70 million yuan, a reduction of 178 million yuan year-on-year, mainly due to a decrease in extraordinary expenses from arbitration compensation [2]. Future Outlook - The Hainan Free Trade Port is set to officially launch operations on December 18, 2025, which is expected to stimulate traffic to Hainan Island, providing additional growth opportunities for the company [2]. - The potential acquisition of control over Hainan Airport is anticipated to enhance the efficiency of aviation resource utilization on the island, allowing the company to better leverage its hub position in the region [2]. Profit Forecast and Valuation - The company has revised its net profit forecast for 2025 to a loss of 76 million yuan, down from a previous estimate of a profit of 267 million yuan. Projections for 2026 and 2027 have also been reduced by 45% and 29% respectively [2]. - The company is expected to improve profitability in the medium to long term, driven by the benefits of the Hainan Free Trade Port, with a target price adjustment to 11.50 HKD from 11.00 HKD, maintaining a "buy" rating [2].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of HKD 11.50, up from the previous target of HKD 11.00 [6][5][17] Core Views - The company reported a revenue of RMB 1.079 billion for 1H25, a decrease of 6.1% year-on-year, with a net loss attributable to shareholders of RMB 70 million, which is a 71.7% improvement compared to the previous year [1][3] - The weak performance in passenger traffic, which decreased by 4.1% to 13.91 million passengers, is attributed to changes in popular travel destinations and competition from other airports and transport modes [2][4] - The company is expected to benefit from the upcoming Hainan Free Trade Port policies, which are anticipated to stimulate passenger flow and enhance the operational efficiency of the airport [4][5] Financial Performance Summary - The company's operating costs for 1H25 were RMB 1.046 billion, an increase of 5.5% year-on-year, leading to a gross profit decline to RMB 33 million [3] - The report projects a downward revision of the company's net profit for 2025 to a loss of RMB 76 million, with subsequent years showing a recovery to profits of RMB 271 million in 2026 and RMB 499 million in 2027 [5][10] - The earnings per share (EPS) are forecasted to be -0.16 for 2025, 0.57 for 2026, and 1.05 for 2027 [10][5] Market Position and Future Outlook - The establishment of a joint venture with Changi Airport Group is expected to enhance the company's ability to monetize non-aeronautical revenues [1][4] - The anticipated completion of the acquisition of control over Hainan Airport is expected to improve the utilization of aviation resources on Hainan Island, reinforcing the company's hub status [4][5] - The report highlights the potential for long-term profitability improvements driven by the Free Trade Port's benefits and the company's capacity expansion [5][4]

Core Viewpoint - The article highlights the transformation of the Qiongya Anti-Japanese Base from a historical battleground during the Anti-Japanese War to a vibrant area contributing to the development of Hainan Free Trade Port, showcasing the spirit of struggle and the blueprint for modern development [1][13]. Historical Context - The Qiongya Anti-Japanese Base was established during the Anti-Japanese War, where the local population and military collaborated to resist Japanese invaders, creating a stronghold that played a crucial role in the war effort [3][5]. - Between 1939 and 1945, the Qiongya Special Committee led the establishment of several anti-Japanese bases, conducting over 2,200 operations against Japanese forces, resulting in significant casualties for the enemy [5][7]. Economic Development - The area that once served as a military stronghold has now become a key part of Hainan's economic development, with the establishment of the Hainan Free Trade Port attracting numerous enterprises and driving local economic growth [15][17]. - The Jiangdong New District has attracted 451 key enterprises since 2020, leading to substantial improvements in local economic indicators and the introduction of 24 institutional innovation measures to enhance cross-border trade [15]. Agricultural Innovation - The region has evolved into a strategic platform for agricultural research and breeding, with over 70% of new crop varieties in China originating from this area, now known as the South Breeding Research Base [9][11]. - The breeding efforts in Sanya's Yazhou have led to the development of over 40 new soybean varieties, with significant yields achieved in major production areas [11]. Cultural Heritage - The transformation of the Qiongya Anti-Japanese Base into a modern development hub reflects the ongoing commitment to honoring revolutionary history while fostering economic and social progress [1][17]. - The local community is actively engaged in preserving the ecological environment while promoting agricultural products, contributing to both economic prosperity and cultural heritage [19].

三亚崖州湾科技城高新区海南专项研究生实地感受海南重点园区发展新貌—— 在自贸港建功立业愿望更加强烈 海南日报海口8月20日讯(海南日报全媒体记者 刘杰)"这里有许多行业创新的东西，让我们开了眼 界。"8月20日，走进海南文昌冯家湾现代化渔业产业园，中国海洋大学三亚海洋研究院材料工程专业研 究生何海燕兴奋地说。 8月20日，三亚崖州湾科技城高新区海南专项研究生自贸港重点园区行(以下简称园区行)活动进入 第二天，40名海南专项研究生奔赴文昌冯家湾现代化渔业产业园、文昌国际航天城和海口江东新区，感 受产业发展新貌。 文昌冯家湾现代化渔业产业园被誉为"水产硅谷"，以科技赋能，促进传统产业实现转型升级，走出 了一条绿色发展新路径。在这里，鱼虾螺纷纷"上楼"，让同等面积的土地产出提高60%以上。 "这里有海洋专业的海南专项研究生吗?我们可以留个微信。"在园区内中云农水产科技有限公司， 总经理伭宏伟一边介绍公司情况，一边迫不及待地打开微信二维码，希望能和大家有进一步的交 流。"这几年公司发展迅速，十分需要海洋相关专业的高素质人才，没想到园区行活动'送才上门'，让 我可以和海南专项研究生面对面交流，真是太好了!"伭宏伟感慨道 ...

Group 1 - The core viewpoint emphasizes the importance of style construction as a fundamental guarantee for the development of the Party's cause, particularly in the context of the Hainan Free Trade Port entering a new phase of operation [1] - The leadership's role as a "key minority" is crucial for demonstrating and guiding the political ecology, requiring them to lead by example and address challenges in infrastructure and institutional innovation [2] - A three-tier governance mechanism is proposed, focusing on prevention, identification of "micro-corruption," and innovative education to strengthen discipline awareness among Party members [3] Group 2 - The principle of addressing both symptoms and root causes in style construction is highlighted, advocating for a combination of strategic and tactical approaches to maintain continuous pressure and accountability [4] - The need for a political ecology that integrates "dare not corrupt, cannot corrupt, and do not want to corrupt" is emphasized, with a focus on high-pressure tactics against corruption and the establishment of a culture of integrity [5] - A flexible strategy for confronting complex contradictions is discussed, advocating for targeted measures and support for innovative efforts while maintaining fairness and order in the construction of the Free Trade Port [6][7] Group 3 - The concept of "systematic governance" is introduced, which includes a collaborative institutional framework, integrated supervision mechanisms, and a multi-faceted approach to promote integrity and governance [8]

Core Viewpoint - The importance of scientific popularization in the construction of Hainan Free Trade Port is increasingly highlighted, with language playing a crucial role in cultural transmission and information dissemination [1][2]. Group 1: Language as a Bridge - Hainan's rich linguistic and cultural diversity presents a unique challenge for science communication, necessitating effective strategies to convey scientific knowledge across language barriers [2][3]. - Utilizing local dialects and minority languages can enhance the relatability and acceptance of scientific content among the local population [3][4]. Group 2: Multi-layered Science Communication System - Hainan is developing a multi-layered language communication system that includes promoting Mandarin, utilizing local dialects, and incorporating foreign languages to strengthen science communication [3][4]. - The promotion of Mandarin is being emphasized through educational initiatives and community engagement to improve public understanding of science [3][4]. Group 3: Innovative Communication Methods - The integration of technology and local culture in science communication is being explored, creating interactive and engaging platforms for disseminating scientific knowledge [5][6]. - Artistic expressions such as poetry, comics, and drama are being employed to make science more accessible and enjoyable for the public [6][7]. Group 4: Collaborative Development for High-Quality Science Communication - The development of a skilled workforce that combines scientific literacy with multilingual capabilities is essential for effective science communication [7]. - Emphasizing innovative communication methods and integrating science with various sectors such as education, tourism, and agriculture can broaden the reach and impact of science communication efforts [7].

"漫步中国·活力海南"媒体活动启动 据了解，来自印度尼西亚、泰国、老挝、越南、马来西亚等东盟9个国家、16家主流媒体的29位媒 体人，与来自中央广播电视总台海南总站、其他中央驻琼媒体和海南当地媒体记者组成近50人中外记者 团。8月18日至24日，中外媒体联合采访团将沿着海南环岛旅游公路，走进三亚、陵水、万宁、琼海等 市县，走访海南自贸港重点产业园区，体验自贸港"金字招牌"，全方位、多角度感受海南自贸港不断涌 现的新动能、新优势、新活力，充分探究开放海南、生态海南、人文海南、创新海南。其采制的融媒体 节目将在东盟国家媒体平台落播。本次活动还特别安排了专题研讨环节，探讨AI赋能传播的技术，以 及如何用真实、立体、全面、创新的报道打破认知壁垒。 "漫步中国"是中央广播电视总台CGTN推出的系列媒体活动，旨在邀请世界各国主流媒体记者探寻 中国之美，推动中国和各国的人文交流与民心相通。 近年来，海南与东盟的贸易合作不断深化，在经贸合作、科技创新、人文交流、旅游度假等方面取 得了显著成效。东盟连续多年成为海南第一大贸易伙伴。海南全面深化改革开放、海南自贸港建设，离 不开东盟"朋友圈"的支持，也离不开东盟媒体的宣传推介。 ...