825 lines
52 KiB
HTML
825 lines
52 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN">
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<title>免税离境退税概念分析报告</title>
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body {
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font-family: 'Inter', 'Noto Sans SC', sans-serif;
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</style>
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</head>
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<body class="bg-gray-50">
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<div class="container mx-auto px-4 py-8 max-w-7xl">
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<!-- 标题部分 -->
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<div class="text-center mb-12">
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<h1 class="text-4xl md:text-5xl font-bold gradient-text mb-4">免税离境退税概念分析</h1>
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<p class="text-gray-600 text-lg">政策红利释放期下的投资机会与产业链布局</p>
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</div>
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<!-- 概念事件时间轴 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
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<i class="fas fa-history text-blue-500 mr-3"></i>概念事件时间轴
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</h2>
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<div class="relative">
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<div class="timeline-line hidden md:block"></div>
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<div class="space-y-8">
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<div class="flex flex-col md:flex-row">
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<div class="md:w-1/2 md:pr-8 md:text-right">
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<div class="bg-blue-50 rounded-lg p-4 border-l-4 border-blue-500">
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<h3 class="font-bold text-blue-700">2024-08-27</h3>
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<p class="text-sm text-gray-600">财政部等5部门发布《市内免税政策》</p>
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</div>
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</div>
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<div class="timeline-dot hidden md:block"></div>
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<div class="md:w-1/2 md:pl-8 mt-4 md:mt-0">
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<p class="text-gray-700">存量6家外国人离境市内免税店+12家中出服外汇店向国人开放；新增8城各1家市内免税店牌照招标启动。</p>
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</div>
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</div>
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<div class="flex flex-col md:flex-row">
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<div class="md:w-1/2 md:pr-8 md:text-right md:order-2">
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<div class="bg-purple-50 rounded-lg p-4 border-l-4 border-purple-500">
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<h3 class="font-bold text-purple-700">2025-04-08</h3>
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<p class="text-sm text-gray-600">国家税务总局公告</p>
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</div>
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</div>
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<div class="timeline-dot hidden md:block"></div>
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<div class="md:w-1/2 md:pl-8 mt-4 md:mt-0 md:order-1">
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<p class="text-gray-700"><span class="font-semibold">"即买即退"离境退税全国推广</span>：境外旅客购物现场即可领取退税款（11%/8%退税率），离境时核销。</p>
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</div>
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</div>
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<div class="flex flex-col md:flex-row">
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<div class="md:w-1/2 md:pr-8 md:text-right">
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<div class="bg-green-50 rounded-lg p-4 border-l-4 border-green-500">
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<h3 class="font-bold text-green-700">2025-04-27</h3>
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<p class="text-sm text-gray-600">商务部等6部门《进一步优化离境退税政策》</p>
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</div>
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</div>
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<div class="timeline-dot hidden md:block"></div>
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<div class="md:w-1/2 md:pl-8 mt-4 md:mt-0">
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<p class="text-gray-700"><span class="font-semibold">退税门槛降至200元</span>（原500元）、<span class="font-semibold">现金退税上限提至2万元</span>（原1万元）、<span class="font-semibold">备案信用级别放宽至M级</span>；鼓励国货潮品、老字号进入退税商店。</p>
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</div>
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</div>
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<div class="flex flex-col md:flex-row">
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<div class="md:w-1/2 md:pr-8 md:text-right md:order-2">
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<div class="bg-yellow-50 rounded-lg p-4 border-l-4 border-yellow-500">
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<h3 class="font-bold text-yellow-700">2025-06-16</h3>
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<p class="text-sm text-gray-600">大连、湖北落地离境退税</p>
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</div>
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</div>
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<div class="timeline-dot hidden md:block"></div>
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<div class="md:w-1/2 md:pl-8 mt-4 md:mt-0 md:order-1">
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<p class="text-gray-700">二三线城市扩容信号明确，全国退税商店数<span class="font-semibold">5196家</span>（较2024年底+40%）。</p>
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</div>
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</div>
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<div class="flex flex-col md:flex-row">
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<div class="md:w-1/2 md:pr-8 md:text-right">
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<div class="bg-red-50 rounded-lg p-4 border-l-4 border-red-500">
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<h3 class="font-bold text-red-700">2025-07-03</h3>
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<p class="text-sm text-gray-600">上海发布《优化离境退税行动方案》</p>
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</div>
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</div>
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<div class="timeline-dot hidden md:block"></div>
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<div class="md:w-1/2 md:pl-8 mt-4 md:mt-0">
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<p class="text-gray-700">起退点同步降至200元，现金退税上限提至2万元，叠加"即买即退"试点。</p>
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</div>
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</div>
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</div>
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</div>
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</div>
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<!-- 核心观点摘要 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
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<i class="fas fa-lightbulb text-yellow-500 mr-3"></i>核心观点摘要
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</h2>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
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<div class="bg-gradient-to-br from-blue-50 to-indigo-50 rounded-lg p-5 border border-blue-100">
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<h3 class="font-bold text-blue-700 mb-3">阶段判断</h3>
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<p class="text-gray-700">政策从"试点验证"进入"全国放量+细则优化"阶段，<span class="font-semibold text-blue-600">2025-2026年为政策红利集中释放期</span>。</p>
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</div>
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<div class="bg-gradient-to-br from-purple-50 to-pink-50 rounded-lg p-5 border border-purple-100">
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<h3 class="font-bold text-purple-700 mb-3">核心驱动力</h3>
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<p class="text-gray-700"><span class="font-semibold text-purple-600">政策组合拳</span>（免签+退税便利化+市内免税扩容）叠加<span class="font-semibold text-purple-600">中美关税差</span>（免税渠道价格优势放大），共同驱动入境消费回流。</p>
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</div>
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<div class="bg-gradient-to-br from-green-50 to-teal-50 rounded-lg p-5 border border-green-100">
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<h3 class="font-bold text-green-700 mb-3">未来潜力</h3>
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<p class="text-gray-700">中性假设下，<span class="font-semibold text-green-600">离境退税市场规模有望从2024年280亿元增至2027年500-800亿元</span>（CAGR 25%+），成为免税业态外第二大入境消费入口。</p>
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</div>
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</div>
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</div>
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<!-- 核心逻辑与市场认知分析 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
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<i class="fas fa-brain text-indigo-500 mr-3"></i>核心逻辑与市场认知分析
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</h2>
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<div class="mb-8">
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<h3 class="text-xl font-semibold text-gray-700 mb-4 flex items-center">
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<span class="w-2 h-2 bg-indigo-500 rounded-full mr-2"></span>核心驱动力拆解
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</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="bg-gray-50 rounded-lg p-5">
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<h4 class="font-bold text-gray-700 mb-3 flex items-center">
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<i class="fas fa-landmark text-blue-500 mr-2"></i>政策端
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</h4>
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<ul class="space-y-2 text-gray-700">
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">"即买即退"全国推广</span>（2025-04-08）将退税环节前置，<span class="font-semibold">二次消费比例达63%</span>（路演数据），直接提升客单价。</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">市内免税与退税协同</span>：市内免税店（国人出境前60天可购）与离境退税（外国人现场退税）形成"双轮驱动"，覆盖全客群。</span>
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</li>
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</ul>
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</div>
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<div class="bg-gray-50 rounded-lg p-5">
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<h4 class="font-bold text-gray-700 mb-3 flex items-center">
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<i class="fas fa-chart-line text-purple-500 mr-2"></i>价差端
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</h4>
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<ul class="space-y-2 text-gray-700">
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-500 mt-1 mr-2"></i>
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<span>中美关税加征84%后，<span class="font-semibold">免税渠道美国品牌价差从34%扩大至80-171%</span>（国海商社测算），强化免税吸引力；退税渠道则通过<span class="font-semibold">国潮商品（华为、大疆等）</span>差异化竞争。</span>
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</li>
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</ul>
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</div>
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</div>
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<div class="bg-gray-50 rounded-lg p-5 mt-6">
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<h4 class="font-bold text-gray-700 mb-3 flex items-center">
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<i class="fas fa-database text-green-500 mr-2"></i>数据验证
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</h4>
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<p class="text-gray-700"><span class="font-semibold">2024年入境游客1.32亿人次</span>（同比+61%），<span class="font-semibold">外国人2694万人次</span>（同比+96%），政策催化下2025年有望突破3000万人次。</p>
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</div>
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</div>
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<div class="mb-8">
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<h3 class="text-xl font-semibold text-gray-700 mb-4 flex items-center">
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<span class="w-2 h-2 bg-indigo-500 rounded-full mr-2"></span>市场热度与情绪
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</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="bg-blue-50 rounded-lg p-5 border border-blue-100">
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<h4 class="font-bold text-blue-700 mb-3">研报密集度</h4>
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<p class="text-gray-700">2025年4月后，<span class="font-semibold">申万、东吴、中信证券等10+家机构</span>发布专题报告，情绪从"主题炒作"转向"基本面验证"。</p>
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</div>
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<div class="bg-yellow-50 rounded-lg p-5 border border-yellow-100">
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<h4 class="font-bold text-yellow-700 mb-3">分歧点</h4>
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<p class="text-gray-700">市场担忧市内免税分流机场免税，但路演显示<span class="font-semibold">机场免税恢复率仅60%</span>（2025Q1），<span class="font-semibold">市内店更多是增量而非替代</span>。</p>
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</div>
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</div>
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</div>
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<div>
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<h3 class="text-xl font-semibold text-gray-700 mb-4 flex items-center">
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<span class="w-2 h-2 bg-indigo-500 rounded-full mr-2"></span>预期差分析
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</h3>
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<div class="bg-gradient-to-r from-indigo-50 to-purple-50 rounded-lg p-5 border border-indigo-100">
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<h4 class="font-bold text-indigo-700 mb-3">被忽略的关键点</h4>
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<ul class="space-y-3 text-gray-700">
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<li class="flex items-start">
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<i class="fas fa-exclamation-circle text-indigo-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">退税商店门槛大幅降低</span>（年销售额从800万降至500万），<span class="font-semibold">中小城市百货（如重庆百货、百联股份）</span>可快速切入，<span class="font-semibold">边际弹性高于免税牌照稀缺的中免</span>。</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-exclamation-circle text-indigo-500 mt-1 mr-2"></i>
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<span><span class="font-semibold">国潮商品退税</span>：政策明确鼓励"老字号、新国潮"进入退税商店，<span class="font-semibold">李宁、同仁堂等本土品牌</span>或成最大受益者（当前退税品类中国产占比仅20%）。</span>
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</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- 关键催化剂与未来发展路径 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
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<i class="fas fa-rocket text-red-500 mr-3"></i>关键催化剂与未来发展路径
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</h2>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-8">
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<div>
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<h3 class="text-xl font-semibold text-gray-700 mb-4 flex items-center">
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<span class="w-2 h-2 bg-red-500 rounded-full mr-2"></span>近期催化剂（3-6个月）
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</h3>
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<div class="space-y-4">
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<div class="bg-red-50 rounded-lg p-4 border-l-4 border-red-400">
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<p class="font-semibold text-red-700">2025-07-01</p>
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<p class="text-gray-700 mt-1">大连、湖北离境退税政策落地，<span class="font-semibold">二三线城市退税商店数量或再增20%</span>。</p>
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</div>
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<div class="bg-orange-50 rounded-lg p-4 border-l-4 border-orange-400">
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<p class="font-semibold text-orange-700">2025-08</p>
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<p class="text-gray-700 mt-1">海南封关压力测试完成，<span class="font-semibold">市内免税细则（提货方式、额度）或进一步放宽</span>。</p>
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</div>
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<div class="bg-amber-50 rounded-lg p-4 border-l-4 border-amber-400">
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<p class="font-semibold text-amber-700">2025-10</p>
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<p class="text-gray-700 mt-1"><span class="font-semibold">王府井武汉/长沙市内免税店开业</span>（首批新增牌照），验证非一线城市消费力。</p>
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</div>
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</div>
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</div>
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<div>
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<h3 class="text-xl font-semibold text-gray-700 mb-4 flex items-center">
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<span class="w-2 h-2 bg-green-500 rounded-full mr-2"></span>长期路径（2025-2027）
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</h3>
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<div class="space-y-4">
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<div class="bg-green-50 rounded-lg p-4 border-l-4 border-green-400">
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<p class="font-semibold text-green-700">阶段1（2025）</p>
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<p class="text-gray-700 mt-1">政策放量期，退税商店数破<span class="font-semibold">1万家</span>（当前5196家），<span class="font-semibold">客单价从4000元提升至5000元</span>（参考日本经验）。</p>
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</div>
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<div class="bg-teal-50 rounded-lg p-4 border-l-4 border-teal-400">
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<p class="font-semibold text-teal-700">阶段2（2026）</p>
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<p class="text-gray-700 mt-1"><span class="font-semibold">市内免税与退税融合</span>，形成"机场+市内+线上"全渠道，<span class="font-semibold">市场规模达500亿元</span>。</p>
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</div>
|
||
<div class="bg-blue-50 rounded-lg p-4 border-l-4 border-blue-400">
|
||
<p class="font-semibold text-blue-700">阶段3（2027）</p>
|
||
<p class="text-gray-700 mt-1"><span class="font-semibold">区域均衡化</span>，中西部城市（成都、西安）退税规模占比从10%提至30%，<span class="font-semibold">国潮商品退税占比超40%</span>。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 产业链与核心公司剖析 -->
|
||
<div class="bg-white rounded-xl card-shadow p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-sitemap text-teal-500 mr-3"></i>产业链与核心公司剖析
|
||
</h2>
|
||
|
||
<div class="mb-8">
|
||
<h3 class="text-xl font-semibold text-gray-700 mb-4 flex items-center">
|
||
<span class="w-2 h-2 bg-teal-500 rounded-full mr-2"></span>产业链图谱
|
||
</h3>
|
||
<div class="bg-gradient-to-r from-teal-50 to-cyan-50 rounded-lg p-6 border border-teal-100">
|
||
<div class="flex flex-col md:flex-row items-center justify-between space-y-4 md:space-y-0">
|
||
<div class="text-center px-4">
|
||
<div class="bg-teal-100 rounded-full w-16 h-16 flex items-center justify-center mx-auto mb-2">
|
||
<i class="fas fa-box text-teal-600 text-xl"></i>
|
||
</div>
|
||
<h4 class="font-bold text-teal-700">上游</h4>
|
||
<p class="text-sm text-gray-600">品牌商<br>(雅诗兰黛、华为、李宁)</p>
|
||
</div>
|
||
<div class="text-2xl text-teal-400">
|
||
<i class="fas fa-arrow-right"></i>
|
||
</div>
|
||
<div class="text-center px-4">
|
||
<div class="bg-cyan-100 rounded-full w-16 h-16 flex items-center justify-center mx-auto mb-2">
|
||
<i class="fas fa-store text-cyan-600 text-xl"></i>
|
||
</div>
|
||
<h4 class="font-bold text-cyan-700">中游</h4>
|
||
<p class="text-sm text-gray-600">免税运营商、退税商店<br>(中免、王府井、百货、机场)</p>
|
||
</div>
|
||
<div class="text-2xl text-cyan-400">
|
||
<i class="fas fa-arrow-right"></i>
|
||
</div>
|
||
<div class="text-center px-4">
|
||
<div class="bg-blue-100 rounded-full w-16 h-16 flex items-center justify-center mx-auto mb-2">
|
||
<i class="fas fa-credit-card text-blue-600 text-xl"></i>
|
||
</div>
|
||
<h4 class="font-bold text-blue-700">下游</h4>
|
||
<p class="text-sm text-gray-600">支付机构、旅游服务商<br>(银联、支付宝、携程)</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-gray-700 mb-4 flex items-center">
|
||
<span class="w-2 h-2 bg-teal-500 rounded-full mr-2"></span>核心玩家对比
|
||
</h3>
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full bg-white border border-gray-200 rounded-lg">
|
||
<thead>
|
||
<tr class="bg-gray-50">
|
||
<th class="py-3 px-4 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">公司</th>
|
||
<th class="py-3 px-4 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">业务角色</th>
|
||
<th class="py-3 px-4 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">竞争优势</th>
|
||
<th class="py-3 px-4 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">潜在风险</th>
|
||
<th class="py-3 px-4 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">数据验证</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody class="divide-y divide-gray-200">
|
||
<tr>
|
||
<td class="py-3 px-4 font-medium text-gray-900">中国中免</td>
|
||
<td class="py-3 px-4 text-gray-700">免税+退税双牌照</td>
|
||
<td class="py-3 px-4 text-gray-700"><span class="font-semibold">海南离岛免税市占率90%+</span>，供应链议价权强</td>
|
||
<td class="py-3 px-4 text-gray-700">市内免税分流机场渠道</td>
|
||
<td class="py-3 px-4 text-gray-700">2024年营收565亿，<span class="font-semibold">三亚免税城204亿</span></td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 font-medium text-gray-900">王府井</td>
|
||
<td class="py-3 px-4 text-gray-700">市内免税+退税商店</td>
|
||
<td class="py-3 px-4 text-gray-700"><span class="font-semibold">北京核心商圈物业</span>（新燕莎、赛特），牌照稀缺</td>
|
||
<td class="py-3 px-4 text-gray-700">免税运营经验不足</td>
|
||
<td class="py-3 px-4 text-gray-700">中标<span class="font-semibold">武汉/长沙市内免税店</span>，2025年免税营收+33%</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 font-medium text-gray-900">重庆百货</td>
|
||
<td class="py-3 px-4 text-gray-700">退税商店龙头</td>
|
||
<td class="py-3 px-4 text-gray-700"><span class="font-semibold">50家百货+150家超市</span>可快速改造为退税点</td>
|
||
<td class="py-3 px-4 text-gray-700">区域消费力波动</td>
|
||
<td class="py-3 px-4 text-gray-700">2024年退税销售额<span class="font-semibold">超30万元</span>（试点阶段）</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 font-medium text-gray-900">百联股份</td>
|
||
<td class="py-3 px-4 text-gray-700">上海退税商店</td>
|
||
<td class="py-3 px-4 text-gray-700"><span class="font-semibold">上海1147家退税商店</span>（占全国22%）</td>
|
||
<td class="py-3 px-4 text-gray-700">竞争加剧</td>
|
||
<td class="py-3 px-4 text-gray-700">2024年退税人次同比+198%</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-8">
|
||
<h3 class="text-xl font-semibold text-gray-700 mb-4 flex items-center">
|
||
<span class="w-2 h-2 bg-teal-500 rounded-full mr-2"></span>验证与证伪
|
||
</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
|
||
<div class="bg-red-50 rounded-lg p-5 border border-red-100">
|
||
<h4 class="font-bold text-red-700 mb-3 flex items-center">
|
||
<i class="fas fa-times-circle mr-2"></i>证伪点
|
||
</h4>
|
||
<p class="text-gray-700">部分研报预测"市内免税将完全替代机场免税"，但<span class="font-semibold">2025Q1上海机场国际客流恢复率仅92%</span>，实际为<span class="font-semibold">互补关系</span>。</p>
|
||
</div>
|
||
<div class="bg-green-50 rounded-lg p-5 border border-green-100">
|
||
<h4 class="font-bold text-green-700 mb-3 flex items-center">
|
||
<i class="fas fa-check-circle mr-2"></i>验证点
|
||
</h4>
|
||
<p class="text-gray-700"><span class="font-semibold">深圳退税货值2025端午同比+5.2倍</span>（943.8万元），<span class="font-semibold">国产品退税占比38%</span>（+9.7倍），印证国潮商品退税逻辑。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 潜在风险与挑战 -->
|
||
<div class="bg-white rounded-xl card-shadow p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-exclamation-triangle text-orange-500 mr-3"></i>潜在风险与挑战
|
||
</h2>
|
||
<div class="space-y-4">
|
||
<div class="bg-orange-50 rounded-lg p-5 border-l-4 border-orange-400">
|
||
<h3 class="font-bold text-orange-700 mb-2">政策风险</h3>
|
||
<p class="text-gray-700">若2026年中美关税缓和，免税价差优势或削弱。</p>
|
||
</div>
|
||
<div class="bg-amber-50 rounded-lg p-5 border-l-4 border-amber-400">
|
||
<h3 class="font-bold text-amber-700 mb-2">竞争风险</h3>
|
||
<p class="text-gray-700"><span class="font-semibold">中小百货大量涌入退税赛道</span>（备案门槛降至M级），或引发价格战。</p>
|
||
</div>
|
||
<div class="bg-yellow-50 rounded-lg p-5 border-l-4 border-yellow-400">
|
||
<h3 class="font-bold text-yellow-700 mb-2">数据矛盾</h3>
|
||
<p class="text-gray-700"><span class="font-semibold">海南离岛免税2024年销售额309亿（-29%）</span> vs <span class="font-semibold">入境游客+61%</span>，显示<span class="font-semibold">免税消费力恢复滞后于客流</span>，需警惕"量增价跌"。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 综合结论与投资启示 -->
|
||
<div class="bg-white rounded-xl card-shadow p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-trophy text-yellow-500 mr-3"></i>综合结论与投资启示
|
||
</h2>
|
||
|
||
<div class="mb-6">
|
||
<div class="bg-gradient-to-r from-yellow-50 to-amber-50 rounded-lg p-5 border border-yellow-100">
|
||
<h3 class="font-bold text-amber-700 mb-3">阶段判断</h3>
|
||
<p class="text-gray-700"><span class="font-semibold">从主题炒作进入基本面驱动早期</span>，2025-2026年为政策红利兑现期。</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold text-gray-700 mb-4">最具价值方向</h3>
|
||
<div class="space-y-4">
|
||
<div class="bg-blue-50 rounded-lg p-5 border border-blue-100">
|
||
<h4 class="font-bold text-blue-700 mb-2">1. 退税商店运营商（王府井、重庆百货）</h4>
|
||
<p class="text-gray-700"><span class="font-semibold">牌照门槛低+国潮商品红利</span>，弹性大于免税。</p>
|
||
</div>
|
||
<div class="bg-purple-50 rounded-lg p-5 border border-purple-100">
|
||
<h4 class="font-bold text-purple-700 mb-2">2. 市内免税物业方（中国中免）</h4>
|
||
<p class="text-gray-700"><span class="font-semibold">新增8城牌照中6城已中标</span>，2026年贡献利润10-20亿。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-gray-700 mb-4">关键跟踪指标</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||
<div class="bg-gradient-to-br from-blue-50 to-indigo-50 rounded-lg p-4 text-center">
|
||
<div class="text-2xl font-bold text-blue-600 mb-2">300+</div>
|
||
<p class="text-sm text-gray-700">退税商店数量增速<br><span class="text-xs">（每月新增>300家为超预期）</span></p>
|
||
</div>
|
||
<div class="bg-gradient-to-br from-purple-50 to-pink-50 rounded-lg p-4 text-center">
|
||
<div class="text-2xl font-bold text-purple-600 mb-2">30%</div>
|
||
<p class="text-sm text-gray-700">国潮商品退税占比<br><span class="text-xs">（突破30%将标志政策转向"国产替代"）</span></p>
|
||
</div>
|
||
<div class="bg-gradient-to-br from-green-50 to-teal-50 rounded-lg p-4 text-center">
|
||
<div class="text-2xl font-bold text-green-600 mb-2">6000元</div>
|
||
<p class="text-sm text-gray-700">入境游客人均退税额<br><span class="text-xs">（从当前4000元提升至6000元）</span></p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 关联股票数据 -->
|
||
<div class="bg-white rounded-xl card-shadow p-6">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-chart-bar text-green-500 mr-3"></i>关联股票数据
|
||
</h2>
|
||
<div class="table-container">
|
||
<table class="min-w-full divide-y divide-gray-200">
|
||
<thead class="bg-gray-50">
|
||
<tr>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">股票名称</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">项目/行业</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">分类</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">产业链</th>
|
||
<th class="px-6 py-3 text-left text-xs font-medium text-gray-500 uppercase tracking-wider">关联原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody class="bg-white divide-y divide-gray-200">
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">中国中免</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店运营商</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为中国中免为免税店运营商，涉及免税业务</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">王府井</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店运营商</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为王府井为免税店运营商，涉及免税业务</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">格力地产</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店运营商</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为格力地产为免税店运营商，涉及免税业务</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">海汽集团</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店运营商</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为海汽集团为免税店运营商，涉及免税业务</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">海南发展</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店运营商</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为海南发展为免税店运营商，涉及免税业务</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">上海机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场物业</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场服务</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为上海机场为物业关联方，涉及免税场景</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">白云机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场物业</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场服务</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为白云机场为物业关联方，涉及免税场景</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">海南机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场物业</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场服务</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为海南机场为物业关联方，涉及免税场景</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">南宁百货</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为南宁百货曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">中百集团</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为中百集团曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">东百集团</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为东百集团曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">海印股份</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为海印股份曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">百联股份</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为百联股份曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">友好集团</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为友好集团曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">华锦</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为华锦曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">居然之家</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为居然之家曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">众信旅游</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">曾申请/探索合作</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">零售探索</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为众信旅游曾申请或探索免税合作</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">供销大集</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为供销大集为退税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">凯撒旅业</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为凯撒旅业为退税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">海南机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为海南机场为退税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">华联股份</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为华联股份为退税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">徐家汇</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为徐家汇为退税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">新世界</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为新世界为退税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">豫园股份</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为豫园股份为退税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">百联股份</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为百联股份为退税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">第一医药</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为第一医药为退税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">广百股份</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为广百股份为退税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">茂业商业</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为茂业商业为退税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">新华都</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为新华都为退税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">片仔癀</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为片仔癀为退税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">嘉欣丝绸</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为嘉欣丝绸为退税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">万事利</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为万事利为退税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">合百集团</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">退税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为合百集团为退税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">上港集团</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为上港集团为免税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">春秋航空</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为春秋航空为免税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">格力地产</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为格力地产为免税店关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">招商蛇口</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为招商蛇口为免税店关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">岭南控股</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税店</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为岭南控股为免税店关联方（暂无进展）</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">深圳机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场服务</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为深圳机场为机场关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">白云机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场服务</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为白云机场为机场关联方</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">厦门空港</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">机场服务</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为厦门空港为机场关联方</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm font-medium text-gray-900">东百集团</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税探索</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税/离境退税</td>
|
||
<td class="px-6 py-4 whitespace-nowrap text-sm text-gray-500">免税零售</td>
|
||
<td class="px-6 py-4 text-sm text-gray-500">图片中列为东百集团探索免税业务</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 页脚 -->
|
||
<div class="text-center mt-12 text-gray-500 text-sm">
|
||
<p>© 2025 免税离境退税概念分析报告 | 数据来源：公开市场信息</p>
|
||
</div>
|
||
</div>
|
||
|
||
<script>
|
||
// 添加页面加载动画
|
||
document.addEventListener('DOMContentLoaded', function() {
|
||
const cards = document.querySelectorAll('.card-shadow');
|
||
cards.forEach((card, index) => {
|
||
setTimeout(() => {
|
||
card.style.opacity = '0';
|
||
card.style.transform = 'translateY(20px)';
|
||
card.style.transition = 'opacity 0.5s ease, transform 0.5s ease';
|
||
|
||
setTimeout(() => {
|
||
card.style.opacity = '1';
|
||
card.style.transform = 'translateY(0)';
|
||
}, 100);
|
||
}, index * 100);
|
||
});
|
||
});
|
||
</script>
|
||
</body>
|
||
</html>
|
||
``` |