三亚中央商务区 自贸港封关运作后，新增注册企业同比增长超两成 总部企业投资兴业 国际品牌持续进驻 海南日报全媒体记者 刘操 南海之滨，热潮奔涌。海南自贸港正式启动封关运作后，三亚中央商务区新增注册企业112家，同比增长 24.4%;紫金国际运营总部在园区落成，有望成为链接全球资源的关键枢纽;三亚湾壹号、三亚大悦城等商业体 已与海旅免税城、国药中服免税三亚店等形成互补，共同构筑起"免税+有税"的多元消费矩阵…… 抢抓机遇、奋勇争先。三亚中央商务区正以其独特的区位优势与开放基因，彰显出强劲的发展活力，吸 引海内外企业前来投资兴业。 红利释放 产业热土持续升温 紫金国际运营总部位于三亚中央商务区凤凰海岸单元的紫金国际中心，主要定位为国际运营、供应链产 业、投资与服务、类金融创新四大功能平台，致力于打造"三亚大企业总部会客厅"。该总部于日前落成，有 望成为链接全球资源的关键枢纽。 截至目前，三亚中央商务区已吸引总部企业32家，园区产业热土的持续升温，正成为优质项目加速集结 的"强磁场"。 正式启动封关当日，成都八益与亚美两家拍卖机构同步举槌，成交额超3000万元，为三亚文物艺术品市 场迎来"开门红"。如今，三亚中央商 ...

Group 1 - Company won the bid for the duty-free project at Beijing Capital International Airport, with a minimum operating fee of 480 million yuan in the first year and a sales commission rate of 5% [1] - The contract duration for the Beijing project is set until February 10, 2034, not exceeding 8 years [1] - The project is expected to enhance the company's channel advantages at key domestic airports, catering to diverse shopping needs of inbound and outbound travelers, thus promoting high-quality development of airport duty-free business [1] Group 2 - Company also secured bids for duty-free stores at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport, establishing a joint venture with Shanghai Airport [2] - The joint venture involves an investment of 102 million yuan, with the company holding a 51% stake [2] - This partnership is anticipated to further enhance the company's channel advantages and improve the shopping experience for travelers, contributing positively to future business performance [2] Group 3 - In the first three quarters of the year, the company reported revenues of 39.86 billion yuan and a net profit of 4.42 billion yuan, reflecting year-on-year declines of 7.34% and 18.89% respectively [3] - The company has over 45 million members, with increasing activity, consumption share, and repurchase rates, including an online repurchase rate exceeding 35% [3] - The company is actively involved in optimizing duty-free policies, with recent adjustments aimed at better aligning with market demands and industry development [3]

今日焦点 中国中免 ：全资子公司中标北京首都国际机场免税项目01标段首年保底经营费4.8亿元 中国中免公告称，公司全资子公司中国免税品（集团）有限责任公司成为北京首都国际机场免税项目01 标段的中标人，中标金额首年保底经营费4.80亿元，首年销售额提成比例5%。经营期限自合同约定的 起始日起至2034年2月10日止。此项目签约后，公司于国内核心机场的渠道优势将进一步提升，有利于 满足出入境旅客多层次、多样化的购物需求，提升多元化免税购物体验，进而推动机场免税业务高质量 发展。如上述项目顺利实施，将对公司未来经营业绩发展产生积极影响。 芯原股份：第四季度AI算力相关订单占比超84% 芯原股份公告称，2025年10月1日至2025年12月25日，公司新签订单24.94亿元，较去年第四季度全期大 幅增长129.94%，较今年第三季度全期进一步增长56.54%，继2025年第二、三季度单季度新签订单屡创 历史新高后，再创历史单季度新高，将为公司未来营业收入增长提供有力的保障。截至2025年12月25 日，公司第四季度新签订单金额中绝大部分为一站式芯片定制业务订单，AI算力相关订单占比超84%， 数据处理领域订单占比近 ...

证券日报网讯12月26日，中国中免（601888）在互动平台回答投资者提问时表示，目前正值公司年终盛 典活动期间，叠加海南自贸港全岛封关启动，具体活动福利形式包括礼券、满减、积分赠送等多重礼 包。 ...

（文章来源：证券日报） 证券日报网讯 12月26日，中国中免发布公告称，2025年12月26日，公司全资子公司中国免税品（集 团）有限责任公司收到《中标通知书》，确认为北京首都国际机场免税项目01标段（T3航站楼）中标 人，首年保底经营费48027万元，首年销售额提成比例5%，经营期限至2034年2月10日。 ...

Core Insights - The report predicts a recovery in the commercial sector in 2026, benefiting from supportive policies and a rebound in consumer demand after a bottoming out in 2024-2025 [5][6][9] Sector Outlook Duty-Free - The new duty-free policy starting in November 2025 is expected to drive a strong recovery in the duty-free sector, with a focus on China Duty Free Group and Zhuhai Duty Free Group [6][9][14] Hotels - Hotel operations showed improvement in late 2025, with expectations for growth driven by domestic demand, spring and autumn travel, and inbound tourism in 2026. Key companies to watch include ShouLai Hotel, Junting Hotel, Huazhu Group, and Atour [6][20] Catering - The catering sector showed a year-on-year growth of 3.8% in October 2025, with expectations for recovery in 2026. Companies to focus on include Xiaocaiyuan, Dashishi, Yum China, and Haidilao [21][22] Tea Beverage - Leading tea beverage companies are expected to maintain good growth in 2026, with a focus on brands like Mixue Ice City, Guming, and Tea Baidao [6][25][29] Human Resources - The outsourcing industry is expected to continue steady growth, with a focus on new application scenarios and models. Key companies include Kelly Services, Beijing Human Resources, and Foreign Service Holdings [6][37] Tourism and Scenic Spots - The tourism sector is expected to benefit from holiday effects in 2026, with a focus on companies like Jiuhua Tourism, Emei Mountain A, and Lijiang Shares [31][32] Supermarkets - The trend of reform in supermarkets is expected to continue in 2026, with a focus on companies like Jiajiayue, Xinhua Department Store, and Yonghui Supermarket [7][39] Education - The education sector is expected to maintain a favorable trend, with a focus on companies that can capitalize on the rising demand for vocational education and exam retakes. Key companies include Xueda Education, Kevin Education, and China Oriental Education [7][45]

智通财经APP讯，中国中免(601888.SH)发布公告，公司全资子公司中国免税品(集团)有限责任公司成为 北京首都国际机场免税项目01标段的中标人，中标金额首年保底经营费4.8亿元，首年销售额提成比例 5%。经营期限自合同约定的起始日起至2034年2月10日止。此项目签约后，公司于国内核心机场的渠道 优势将进一步提升，有利于满足出入境旅客多层次、多样化的购物需求，提升多元化免税购物体验，进 而推动机场免税业务高质量发展。如上述项目顺利实施，将对公司未来经营业绩发展产生积极影响。 ...

海南"封关" 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 文丨文斯 编辑丨张桔 12月18日海南自贸港封关运作，其核心模式为"一线放开、二线管住、岛内自由"，为海南跨越式发展注 入强劲动能。 封关将重塑当地消费旅游、高端服务业、高新技术产业格局，叠加旺季红利，免税板块迎来估值修复， 封关首日全岛离岛免税购物金额达1.61亿元，同比增长61%，旅游客流亦大幅提升。此前离岛免税已筑 底回暖，政策优化进一步拓宽消费场景。多家上市公司积极布局，本土企业深耕升级、外来企业抢滩入 驻，抢占政策红利先机。海南封关板块表现备受关注。 将重塑当地的产业与行业 12月18日海南自贸港封关，在封关前后，海南板块变得活跃起来，多家相关上市公司涨停。 "封关"，不是把海南岛封闭起来，恰恰相反是将海南全岛设立为一个海关监管特殊区域，实施一套全新 的管理制度。根据相关政策，封关运作的核心模式可以概括为"一线放开、二线管住、岛内自由"。 在"一线"，海关对进入海南的绝大多数货物，特别是列入"零关税"负面清单管理的货物，采取极简化的 通关模式；"二线"指的是海南与内地之间的边界。这里会对从海南进入内地的货物进行精 ...

Group 1: Hainan Free Trade Port and Duty-Free Shopping - Hainan Free Trade Port officially commenced full island closure operations on December 18, leading to a surge in duty-free shopping in Sanya [1] - Sanya's duty-free sales reached 1.18 billion yuan on the first day, with subsequent sales of 1.05 billion yuan on December 19 (up 45.8% year-on-year) and 1.08 billion yuan on December 20 (up 47% year-on-year) [1] Group 2: Wanda Group's New Openings - Wanda Group opened five new Wanda Plazas on December 19, including locations in Jinan, Quanzhou, Sanming, Chongqing, and Ganzhou, introducing approximately 600 brands [1] - The new plazas feature over 40% of stores as first-time entries in their respective cities, with a focus on local culture and immersive experiences [1] Group 3: China Jinmao's Hotel Sale - China Jinmao announced the sale of its 100% stake in Sanya Tourism for 22.646 billion yuan, with the buyer being Sanya Luanmao [2] - The asset being sold is the Ritz-Carlton Hotel in Sanya, which has been operating since 2008 and is noted for its stable profitability and cash flow [2] Group 4: New Developments in Beijing - The "Bayli" cultural and commercial complex in Beijing's urban sub-center is set to officially open on December 26, covering approximately 500,000 square meters [3] - The complex includes the first large-scale multi-experience commercial entity in the country, with a significant portion dedicated to diverse cultural and tourism experiences [3] Group 5: China Cinda's Auction Success - China Cinda Asset Management successfully auctioned the Fuzhou Zhonggeng Sheraton Hotel for 323 million yuan on December 26 [3] - The auction included a debt package from Fuzhou Zhonggeng Real Estate, with the hotel being a significant asset due to its operational income and facilities [3]

格隆汇12月26日丨中国中免(601888.SH)公告称，公司全资子公司中国免税品（集团）有限责任公司成 为北京首都国际机场免税项目01标段的中标人，中标金额首年保底经营费4.80亿元，首年销售额提成比 例5%。经营期限自合同约定的起始日起至2034年2月10日止。此项目签约后，将提升公司在国内核心机 场的渠道优势，推动机场免税业务高质量发展，对未来经营业绩产生积极影响。但合同条款尚存在不确 定性，具体内容以最终签署的合同为准。 ...