Group 1 - The core point of the news is the strong performance of Hainan Free Trade Port concept stocks, particularly Lisheng Sports, which saw its stock price increase by over 5% as of the report date [1] - The specific date for the official launch of Hainan Free Trade Port's closure is set for December 18, 2025, as approved by the Central Committee [1] - The closure will establish a customs supervision special area across Hainan Island, implementing a policy characterized by "freeing up the first line, controlling the second line, and allowing freedom within the island" [1] Group 2 - The proportion of "zero tariff" goods for "first line" imports will increase from 21% to 74%, allowing for tax-free circulation among beneficiaries within the island [1] - The project of Hainan International Circuit is progressing smoothly and has entered a substantial construction phase, with the track trial section expected to be completed in 2024 [2] - Lisheng Sports has invested 147 million yuan in the Hainan International Circuit project, which is anticipated to enhance the company's profits due to favorable climate conditions allowing for approximately 340 days of operation per year [2]

Core Viewpoint - The rapid rise of the new energy vehicle (NEV) industry is driven by market development and industry transformation, with Lisheng Sports seizing the opportunity to collaborate with Hainan on the Hainan NEV Experience Center International Racing Circuit project [2] Group 1: Project Development - The Hainan International Racing Circuit project is set to complete the track trial section by 2024, with the main construction of the racing track and event complex starting on February 28, 2025 [2] - Lisheng Sports has invested 147 million yuan in the project, marking a significant step in its construction phase [2] Group 2: Strategic Location and Support - Lisheng Sports' strategic layout in Hainan is supported by the local government's policies and the region's unique geographical advantages, including its central position in international logistics and its role as a key node in the Maritime Silk Road [3] - Hainan's natural ecology and free trade zone tax advantages provide favorable conditions for attracting domestic and international events, enhancing the sports industry [3] Group 3: Market Potential and Advantages - The developed cultural and tourism industry in Hainan offers unique advantages for the racing circuit project, with events like the Boao Forum and the World New Energy Vehicle Conference contributing to a broad customer base [3] - The climate in Hainan allows for approximately 340 days of operational time for the racing circuit each year, creating opportunities to host international top-tier events [3] Group 4: Future Outlook - Lisheng Sports aims to contribute to the development of Hainan's sports industry while expanding its own business, focusing on event IP and leveraging digital technology to create a comprehensive sports consumption service platform for sustainable growth [4]