于2026年1月19日，本公司与LVMH订立谅解备忘录(将于该等收购事项交割后生效)，拟在双方战略契 合的零售领域建立合作关系，该合作也将符合LVMH旗下品牌当下的商业模式。此次合作将使得本公司 与LVMH可以凭借各自优势，进一步深化大中华区的合作、实现互利共赢。双方将在产品销售、门店开 设、品牌推广、文化交流、旅游服务及客户体验等领域开展合作。 透过该等收购事项，本公司将取得DFS位于香港及澳门的旅游零售店铺，以及在大中华区独家使用的包 括DFS品牌在内的无形资产。此举将进一步拓展本公司于大湾区的服务网络，发挥产业引领作用，不断 整合优质旅游零售网络，并确立本集团于区域旅游零售市场的领先地位，同时依托港澳窗口优势，推动 国货精品出海，打造国潮出海平台及建立国际业务中台。作为一家由中央企业控股的上市公司，本公司 始终致力于为境内外游客提供高品质的旅游零售消费体验，积极履行其作为央企的责任，为港澳地区零 售经济高质量发展作出贡献。该等收购事项乃加快本公司国际业务布局、积极落实大湾区战略及"国潮 品牌出海"战略的重要举措。 智通财经APP讯，中国中免(01880)发布公告，于2026年1月19日，中免国际有限公司 ...

中国中免公告称，公司第五届董事会第二十八次会议审议通过多项议案。一是同意全资孙公司收购DFS 大中华区零售业务相关股权及资产；二是同意公司行使一般性授权在港交所主板增发H股股份；三是确 定2025年度财务报告审计费用为401万元，其中H股审计费60万元，与2024年持平。 ...

证券之星消息，1月19日旅游零售板块较上一交易日上涨5.62%，中国中免领涨。当日上证指数报收于 4114.0，上涨0.29%。深证成指报收于14294.05，上涨0.09%。旅游零售板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | --- | | 601888 | 中国中免 | 93.40 | 5.62% | | 71.52万 | | 65.78 Z | 从资金流向上来看，当日旅游零售板块主力资金净流入7.71亿元，游资资金净流出2.9亿元，散户资金净 流出4.81亿元。旅游零售板块个股资金流向见下表： | 代码 名称 主力净流入（元） 主力净占比 游资净流入（元） 游资净占比 散户净流入（元） 散户净占比 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 601888 中国中免 | 7.711Z | 11.72% | -2.90亿 | -4.41% | -4.81亿 | -7.31% | ...

Core Viewpoint - The Hainan Free Trade Port has successfully operated under a closed-off system for one month, demonstrating a smooth and orderly start with early signs of effective outcomes in trade and investment [1]. Group 1: Investment and Economic Growth - The first day of the closed-off operation saw the establishment of Siemens Energy's gas turbine assembly base, marking the first foreign investment project by a Fortune 500 company in Hainan [2]. - From December 18, 2025, to January 5, 2026, Hainan added 207 foreign-funded enterprises, averaging 10.9 new enterprises per day, reflecting strong confidence from foreign investors [2]. - During the same period, Hainan registered 14,900 new enterprises, averaging 786 new enterprises daily, indicating a robust expansion of business entities [2]. Group 2: Trade and Export Performance - From December 18, 2025, to January 10, 2026, Hainan's total goods trade import and export reached 21.42 billion yuan, a year-on-year increase of 19.6%, with imports and exports growing by 13.3% and 31.6%, respectively [3]. - The opening of the first seventh freedom route at Phoenix Airport on December 22, 2025, is expected to enhance international air connectivity and support the growth of Hainan's trade [3]. Group 3: Policy Impact on Industry - The implementation of "zero tariff" policies has significantly reduced import costs for enterprises, enhancing operational efficiency within the supply chain [4]. - In the first month of the closed-off operation, customs monitored "zero tariff" imports valued at 750 million yuan, benefiting various sectors including healthcare and transportation [5]. - The cumulative processing and value-added exemption policy has allowed companies to collaborate more effectively, enhancing profitability and order stability [5][6]. Group 4: Consumer Behavior and Market Dynamics - The international duty-free shopping market in Hainan has seen a notable increase in foreign tourists, with shopping numbers reaching 585,000 and total spending of 3.89 billion yuan from December 18, 2025, to January 10, 2026, representing year-on-year growth of 32.4% and 49.6% respectively [8]. - The shift in consumer preferences has led to a higher interest in domestic brands among international visitors, prompting retailers to enhance their service offerings [7][8]. Group 5: Logistics and Transportation - The logistics sector has experienced growth, with approximately 74% of goods achieving "zero tariff" status, facilitating smoother trade between Hainan and international markets [8][9]. - The demand for transportation and logistics services has remained robust, with companies adapting to the evolving market conditions post-closure [9].

Core Viewpoint - The Hainan Free Trade Port has successfully operated under a closed-off system for one month, showing a stable and orderly performance with initial positive outcomes in attracting foreign investment and enhancing trade activities [1][2]. Group 1: Investment and Economic Growth - The first day of the Hainan Free Trade Port's operation saw the establishment of a significant foreign investment project, Siemens Energy's gas turbine assembly base, marking the beginning of foreign capital accumulation in the region [1]. - From December 18, 2025, to January 5, 2026, Hainan added 207 foreign-funded enterprises, averaging 10.9 new enterprises per day, indicating strong confidence from foreign investors [2]. - During the same period, Hainan registered 14,900 new enterprises, averaging 786 new enterprises daily, reflecting a rapid expansion of business entities [2]. Group 2: Trade and Policy Impact - Hainan's foreign trade has experienced rapid growth, with total goods trade imports and exports reaching 21.42 billion yuan, a year-on-year increase of 19.6%, with imports and exports growing by 13.3% and 31.6%, respectively [2]. - The implementation of "zero tariff" policies has significantly reduced import costs for enterprises, enhancing operational efficiency within the industrial chain [3][4]. - The first month of operation saw customs handling "zero tariff" goods worth 750 million yuan, benefiting various sectors including local enterprises and healthcare [4]. Group 3: Transportation and Logistics - Hainan has opened 92 international passenger routes, enhancing its status as an international aviation hub, with the introduction of the first seventh freedom route on December 22, 2025 [3]. - The logistics sector has seen a notable increase in demand, with 74% of goods achieving "zero tariff" status, facilitating smoother cross-border trade [7]. - The operational changes have led to a steady demand for transportation and logistics services, aligning with the development direction of the Hainan Free Trade Port [8]. Group 4: Consumer Behavior and Market Trends - The duty-free shopping market in Hainan has shown vibrant activity, with 585,000 shoppers spending 3.89 billion yuan from December 18, 2025, to January 10, 2026, representing increases of 32.4% and 49.6% year-on-year, respectively [6]. - There is a growing interest among international tourists in domestic brands, indicating a shift in consumer preferences [6]. - The introduction of various promotional activities and enhanced shopping experiences has led to longer visitor stays and improved conversion rates in duty-free shopping [6].

Core Viewpoint - The tourism retail sector experienced a decline of 1.32% on January 16, with China Duty Free Group leading the drop, reflecting broader market trends as the Shanghai Composite Index fell by 0.26% and the Shenzhen Component Index decreased by 0.18% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4101.91, down 0.26% [1] - The Shenzhen Component Index closed at 14281.08, down 0.18% [1] - The tourism retail sector saw a net outflow of 559 million yuan from major funds, while retail investors contributed a net inflow of 228 million yuan [1] Group 2: Individual Stock Performance - China Duty Free Group (stock code: 601888) closed at 88.43, with a decline of 1.32% [1] - The trading volume for China Duty Free Group was 410,100 shares, with a transaction value of 3.644 billion yuan [1] - Major funds had a net outflow of approximately 559.47 million yuan, accounting for 15.35% of the total, while speculative funds had a net inflow of 332 million yuan, representing 9.10% [1]

Group 1 - The tourism retail sector experienced a decline of 0.49% on January 15, with China Duty Free Group leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - China Duty Free Group's stock price was reported at 89.61, reflecting a decrease of 0.49% [1] Group 2 - The tourism retail sector saw a net outflow of 127 million yuan from institutional investors, while retail investors contributed a net inflow of 398.16 thousand yuan [1] - The net inflow from speculative funds was 123 million yuan, indicating a mixed sentiment among different investor types [1] - The overall trading volume for China Duty Free Group was 381,400 shares, with a transaction value of 3.439 billion yuan [1]

Group 1 - A significant sell-off was observed in the A-share market during the closing auction on January 14, with multiple heavyweight stocks experiencing large sell orders, including China Merchants Bank with over 6.5 billion yuan in sell orders [1] - Other companies such as Zijin Mining, Yangtze Power, China Aluminum, SAIC Motor, Industrial Bank, China Duty Free Group, Ping An Insurance, Heng Rui Medicine, and Kweichow Moutai also had sell orders exceeding 1 billion yuan [1] - Previous instances of sell orders exceeding 1 billion yuan were noted on September 17, October 24, and January 7, 2026, specifically for CITIC Securities [1] Group 2 - China Merchants Bank's order imbalance was reported at -98.78%, indicating a significant disparity between buy and sell orders [2] - The current trading price for China Merchants Bank is 40.07 yuan, with a decline of 2.58% noted [2] - The trading volume for China Merchants Bank was reported at 191.8 million, with a volume ratio of 1.80 [2]

Group 1 - The tourism retail sector experienced a decline of 3.66% on January 13, with China Duty Free Group leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] - China Duty Free Group's stock price closed at 91.91, reflecting a decrease of 3.66% with a trading volume of 558,600 shares and a transaction value of 5.219 billion yuan [1] Group 2 - The tourism retail sector saw a net outflow of 773 million yuan from institutional investors, while retail investors contributed a net inflow of 518 million yuan [1] - The net inflow from speculative funds was 255 million yuan, accounting for 4.89% of the total [1] - The net proportion of retail investors in the sector was 9.93% [1]

Group 1 - The tourism retail sector experienced a decline of 0.4% on January 12, with China Duty Free Group leading the drop [1] - The Shanghai Composite Index closed at 4165.29, up by 1.09%, while the Shenzhen Component Index closed at 14366.91, up by 1.75% [1] - China Duty Free Group's closing price was 95.40, reflecting a decrease of 0.40% [1] Group 2 - The tourism retail sector saw a net outflow of 352 million yuan from institutional investors, while retail investors contributed a net inflow of 2.356 million yuan [1] - The net inflow from speculative funds was 328 million yuan, accounting for 5.82% of the total [1] - The overall capital flow indicates a mixed sentiment in the tourism retail sector, with institutional investors withdrawing funds [1]