574 lines
38 KiB
HTML
574 lines
38 KiB
HTML
<!DOCTYPE html>
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<title>免税离境退税 - 深度概念分析</title>
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<!-- Tailwind CSS & DaisyUI -->
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.10.2/dist/full.min.css" rel="stylesheet" type="text/css" />
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:root {
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</head>
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<body>
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<div class="container mx-auto p-4 md:p-8">
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<!-- Header -->
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<header class="text-center mb-12">
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<h1 class="fui-title text-4xl md:text-6xl font-bold mb-4">免税离境退税</h1>
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<h2 class="fui-header text-lg text-cyan-300">深度概念分析报告</h2>
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<p class="text-xs text-gray-400 mt-4 max-w-2xl mx-auto">北京价值前沿科技有限公司 AI投研agent:“价小前投研” 进行投研呈现,本报告为AI合成数据,投资需谨慎。</p>
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</header>
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<!-- Section 1: Concept Insight -->
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<section class="mb-16">
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<h3 class="fui-header text-2xl mb-8 text-center border-b-2 border-cyan-500/30 pb-4">概念核心透视 (Concept Insight)</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 lg:grid-cols-4 gap-6">
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<!-- Core Viewpoint -->
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<div class="glass-card p-6 md:col-span-2 lg:col-span-2 row-span-2">
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<h4 class="fui-header text-xl mb-4 text-cyan-300">核心观点摘要</h4>
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<p class="text-gray-300 leading-relaxed">
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“免税离境退税”概念是 <strong class="text-cyan-400">国家层面为对冲贸易摩擦、刺激内需、提升人民币国际化地位而主动设计的政策组合拳</strong>。
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当前,“离境退税”正处于政策红利驱动的“从1到N”高速扩张阶段,以 <strong class="text-pink-400">“即买即退”</strong> 为核心的体验创新正快速释放市场潜力;而“免税”则处于存量市场复苏与增量市场(市内免税)政策突破的关键节点,两者共同构成了吸引消费回流和入境消费的完整闭环。
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</p>
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<div class="divider my-6 divider-info"></div>
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<h4 class="fui-header text-xl mb-4 text-cyan-300">核心驱动力</h4>
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<ul class="space-y-3 list-disc list-inside text-gray-300">
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<li><strong class="text-white">宏观战略驱动:</strong> 对冲贸易损失,创造新顺差。将“出口”转化为“境内服务贸易收入”。</li>
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<li><strong class="text-white">政策创新驱动:</strong> “即买即退”模式将退税耗时从 <strong class="text-pink-400">1.5小时</strong> 压缩至 <strong class="text-pink-400">15分钟</strong>,并创造了 <strong class="text-cyan-400">60%-63%</strong> 的二次消费机会。</li>
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<li><strong class="text-white">技术赋能驱动:</strong> 依托区块链、大数据实现闭环监管,违约率仅 <strong class="text-cyan-400">0.17%</strong>,并与数字人民币、支付宝等深度融合,推动人民币国际化。</li>
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</ul>
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</div>
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<!-- Timeline -->
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<div class="glass-card p-6 md:col-span-1 lg:col-span-2 row-span-3">
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<h4 class="fui-header text-xl mb-4 text-cyan-300">概念事件时间轴</h4>
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<ul class="timeline timeline-snap-icon max-md:timeline-compact timeline-vertical">
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<li>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.137-.089l4-5.5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end timeline-box glass-card mb-6">
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<time class="font-mono italic text-xs">奠基阶段 (2015年起)</time>
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<div class="text-base font-black text-white">政策奠基</div>
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我国全面推行境外旅客购物离境退税政策。
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</div>
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<hr class="bg-cyan-400/50"/>
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</li>
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<li>
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<hr class="bg-cyan-400/50"/>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.137-.089l4-5.5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-start timeline-box glass-card mb-6 md:text-end">
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<time class="font-mono italic text-xs">政策密集催化期 (2025年4月)</time>
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<div class="text-base font-black text-white">政策全面发力</div>
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税务总局推广“即买即退”,六部门联合发文,降低起退点至<strong class="text-pink-400">200元</strong>,提高现金退税限额至<strong class="text-pink-400">2万元</strong>。
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</div>
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<hr class="bg-cyan-400/50"/>
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</li>
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<li>
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<hr class="bg-cyan-400/50"/>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.137-.089l4-5.5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-end timeline-box glass-card mb-6">
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<time class="font-mono italic text-xs">地方快速响应期 (2025年5-8月)</time>
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<div class="text-base font-black text-white">各地快速落地</div>
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京、沪、深、广、渝等地密集出台行动方案,增设口岸与退税点,深圳成全国最多离境退税口岸城市。
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</div>
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<hr class="bg-cyan-400/50"/>
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</li>
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<li>
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<hr class="bg-cyan-400/50"/>
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<div class="timeline-middle"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor" class="h-5 w-5 text-cyan-400"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm3.857-9.809a.75.75 0 00-1.214-.882l-3.483 4.79-1.88-1.88a.75.75 0 10-1.06 1.061l2.5 2.5a.75.75 0 001.137-.089l4-5.5z" clip-rule="evenodd" /></svg></div>
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<div class="timeline-start timeline-box glass-card mb-6 md:text-end">
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<time class="font-mono italic text-xs">市场数据验证期 (2025年Q1至今)</time>
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<div class="text-base font-black text-white">数据验证有效性</div>
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政策首月退税笔数增<strong class="text-cyan-400">116%</strong>,“即买即退”销售额增<strong class="text-cyan-400">50倍</strong>。截至8月底全国退税店破<strong class="text-cyan-400">1万家</strong>。
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</div>
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</li>
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</ul>
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</div>
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<!-- ECharts Card -->
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<div class="glass-card p-6 md:col-span-2 lg:col-span-2 row-span-1">
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<h4 class="fui-header text-xl mb-4 text-cyan-300">新政首月成效数据</h4>
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<div id="growthChart" style="width: 100%; height: 260px;"></div>
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</div>
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<!-- Industry Chain -->
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<div class="glass-card p-6 md:col-span-3 lg:col-span-4">
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<h4 class="fui-header text-xl mb-4 text-cyan-300">产业链与核心公司深度剖析</h4>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
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<div>
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<h5 class="font-bold text-lg text-white mb-2">上游 (商品供应)</h5>
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<p class="text-gray-300">各类品牌商,特别是受益政策倾斜的 <strong class="text-pink-400">国潮品牌、老字号、高端电子产品</strong> (如华为、大疆、李宁、万事利丝绸)。</p>
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</div>
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<div>
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<h5 class="font-bold text-lg text-white mb-2">中游 (零售与服务)</h5>
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<ul class="list-disc list-inside text-gray-300 space-y-1">
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<li><strong>零售终端:</strong> 百货商场 (王府井, 百联股份), 免税运营商 (中国中免), 机场物业 (上海机场)。</li>
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<li><strong>服务机构:</strong> 退税代理机构, 支付平台 (支付宝), 旅游服务商 (携程)。</li>
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</ul>
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</div>
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<div>
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<h5 class="font-bold text-lg text-white mb-2">下游 (消费人群)</h5>
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<p class="text-gray-300">境外旅客 (含港澳台居民)。</p>
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</div>
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</div>
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<div class="divider my-4 divider-info"></div>
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<h5 class="font-bold text-lg text-white mb-3">核心玩家对比</h5>
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<div class="space-y-4 text-sm">
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<p><strong class="text-cyan-400 text-base">王府井 (600859):</strong> <span class="badge badge-info badge-outline">逻辑最纯粹</span> 逻辑在于“有税+免税”双轮驱动,全国百货网络是离境退税的直接最大受益者,稀缺市内免税牌照卡位长期消费回流趋势。</p>
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<p><strong class="text-cyan-400 text-base">中国中免 (601888):</strong> <span class="badge badge-primary badge-outline">行业霸主</span> 间接受益者。核心逻辑是出入境客流恢复带来的机场免税业务增长,离境退税政策提升中国旅游吸引力,为其带来潜在客流。</p>
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<p><strong class="text-cyan-400 text-base">区域性百货 (百联股份等):</strong> <span class="badge badge-accent badge-outline">区域核心</span> 在核心城市拥有地理优势,是承接离境退税消费的主力军,业绩弹性取决于所在城市入境游客恢复速度。</p>
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<p><strong class="text-cyan-400 text-base">机场公司 (上海机场等):</strong> <span class="badge badge-secondary badge-outline">确定性高</span> 稳健的“收租”模式,直接受益于国际客流量恢复,无论免税还是退税,只要客流增加,商业租金收入就增长。</p>
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</div>
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</div>
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<!-- Catalysts & Future Path -->
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<div class="glass-card p-6 md:col-span-2">
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<h4 class="fui-header text-xl mb-4 text-cyan-300">关键催化剂与未来路径</h4>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div>
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<h5 class="font-bold text-lg text-white mb-2">近期催化剂 (3-6个月)</h5>
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<ul class="list-disc list-inside text-gray-300 space-y-2">
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<li>关键节假日数据发布</li>
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<li>更多二三线城市落地细则</li>
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<li>市内免税政策具体进展</li>
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</ul>
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</div>
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<div>
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<h5 class="font-bold text-lg text-white mb-2">长期发展路径</h5>
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<ul class="list-disc list-inside text-gray-300 space-y-2">
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<li>覆盖广度与深度拓展</li>
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<li>产品结构优化 (国潮出海)</li>
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<li>“退税+”生态融合</li>
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<li>规模跃升 (目标<strong class="text-pink-400">500-600亿</strong>)</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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<!-- Risks -->
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<div class="glass-card p-6 md:col-span-1">
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<h4 class="fui-header text-xl mb-4 text-pink-400">潜在风险与挑战</h4>
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<ul class="list-disc list-inside text-gray-300 space-y-2">
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<li>入境游客恢复不及预期</li>
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<li>宏观经济与地缘政治风险</li>
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<li>政策监管收紧风险</li>
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<li>信息交叉验证风险 (如起退点、时限数据不一)</li>
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</ul>
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</div>
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<!-- Conclusion -->
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<div class="glass-card p-6 md:col-span-1">
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<h4 class="fui-header text-xl mb-4 text-cyan-300">综合结论</h4>
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<p class="text-gray-300">概念已进入由政策强力驱动的 <strong class="text-cyan-400">基本面兑现阶段</strong>,而非纯粹主题炒作。“离境退税”是当前增长斜率最陡的环节,“免税”则提供坚实基础和长期空间。</p>
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</div>
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</div>
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</section>
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<!-- Section 2: Supporting Data from sources -->
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<section class="mb-16" x-data="{ tab: 'news' }">
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<h3 class="fui-header text-2xl mb-8 text-center border-b-2 border-cyan-500/30 pb-4">核心数据支撑 (Data & Evidence)</h3>
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<div class="tabs tabs-bordered justify-center mb-6">
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<a class="tab" :class="{ 'tab-active': tab === 'news' }" @click="tab = 'news'">新闻数据</a>
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<a class="tab" :class="{ 'tab-active': tab === 'roadshow' }" @click="tab = 'roadshow'">路演纪要</a>
|
||
<a class="tab" :class="{ 'tab-active': tab === 'research' }" @click="tab = 'research'">研报精粹</a>
|
||
</div>
|
||
|
||
<div class="glass-card p-6 min-h-[400px]">
|
||
<!-- News Data Content -->
|
||
<div x-show="tab === 'news'">
|
||
<h4 class="fui-header text-xl mb-4 text-cyan-300">新闻数据:政策与实践</h4>
|
||
<div class="space-y-4">
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">国家层面政策优化</h5>
|
||
<ul class="list-disc list-inside text-gray-300 pl-4 space-y-1">
|
||
<li><strong>降低门槛:</strong> 起退点由500元下调至 <strong class="text-pink-400">200元</strong>。</li>
|
||
<li><strong>提高限额:</strong> 现金退税限额由1万元上调至 <strong class="text-pink-400">2万元</strong>。</li>
|
||
<li><strong>放宽备案:</strong> 增加M级纳税信用,下放备案层级至主管税务机关。</li>
|
||
<li><strong>优化布局:</strong> 鼓励在商圈、景区、机场等增设退税店,引导国货潮品、老字号加入。</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">地方实践亮点</h5>
|
||
<ul class="list-disc list-inside text-gray-300 pl-4 space-y-1">
|
||
<li><strong>深圳:</strong> 成为全国最多离境退税口岸城市(6个),退税店数量从400家激增至 <strong class="text-cyan-400">1500+</strong> 家。</li>
|
||
<li><strong>杭州:</strong> 支持老字号、新国潮申请资质,万事利丝绸成首批“即买即退”试点。</li>
|
||
<li><strong>北京:</strong> 上线“全城购物、一地退税”模式。</li>
|
||
<li><strong>广州:</strong> 首个“即买即退”集中退付点启动,退税店突破500家。</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">创新服务模式</h5>
|
||
<ul class="list-disc list-inside text-gray-300 pl-4 space-y-1">
|
||
<li><strong>“即买即退”:</strong> 全国推广,将退税环节提前,激发二次消费潜力。</li>
|
||
<li><strong>支付创新:</strong> 深圳上线支付宝“碰一下”办理“即买即退”电子渠道。</li>
|
||
<li><strong>海关创新:</strong> 深圳“一单一包”快速验核模式,缩短验核时间约 <strong class="text-cyan-400">50%</strong>。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Roadshow Data Content -->
|
||
<div x-show="tab === 'roadshow'">
|
||
<h4 class="fui-header text-xl mb-4 text-cyan-300">路演纪要:市场规模与对比</h4>
|
||
<div class="space-y-4">
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">市场潜力与预测</h5>
|
||
<ul class="list-disc list-inside text-gray-300 pl-4 space-y-1">
|
||
<li><strong>2023年规模:</strong> 全国离境退税总额 <strong class="text-cyan-400">280亿元</strong>。</li>
|
||
<li><strong>未来预测:</strong> 中性情景下,潜在退税销售规模可达 <strong class="text-pink-400">1580亿元</strong>。</li>
|
||
<li><strong>长期目标 (5-10年):</strong> 离境退税规模目标为 <strong class="text-pink-400">500-600亿元</strong>。</li>
|
||
</ul>
|
||
</div>
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">免税 vs 离境退税</h5>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-sm">
|
||
<thead>
|
||
<tr>
|
||
<th></th>
|
||
<th class="text-cyan-400">免税 (Tax-Free)</th>
|
||
<th class="text-pink-400">离境退税 (Tax Refund)</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<th>税种</th>
|
||
<td>免除关税、消费税、增值税</td>
|
||
<td>仅退还部分增值税</td>
|
||
</tr>
|
||
<tr>
|
||
<th>价格优势</th>
|
||
<td>显著 (价差34%-171%)</td>
|
||
<td>有限 (8%-11%)</td>
|
||
</tr>
|
||
<tr>
|
||
<th>适用商店</th>
|
||
<td>需持牌照的免税店</td>
|
||
<td>普通零售店 (百货、专卖店等)</td>
|
||
</tr>
|
||
<tr>
|
||
<th>商品品类</th>
|
||
<td>以进口香化、奢侈品为主</td>
|
||
<td>品类广泛,含大量国产品牌</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">国际对比</h5>
|
||
<p class="text-gray-300">中国“即买即退”为独家创新,效率全球领先。相比之下,日本2026年拟改为出境退税以加强监管,欧洲仍依赖人工盖章。中国退税率(8-11%),高于日韩(5-7%),低于德国(19%),但流程效率优势明显。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Research Report Content -->
|
||
<div x-show="tab === 'research'">
|
||
<h4 class="fui-header text-xl mb-4 text-cyan-300">研报精粹:战略价值与经济效应</h4>
|
||
<div class="space-y-4">
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">战略价值:对冲贸易损失,重塑话语权</h5>
|
||
<p class="text-gray-300">通过吸引境外消费,将“出口损失”转化为“境内消费”。中国退税流程效率领先,吸引 <strong class="text-cyan-400">85%</strong> 的奢侈品品牌在华增设体验店。2024年入境消费规模预计达 <strong class="text-pink-400">2500亿元</strong>,同比增长22%。</p>
|
||
</div>
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">技术突围与产业升级</h5>
|
||
<p class="text-gray-300">鼓励购买国产高端电子产品(如华为),2024年相关产品退税销售额达 <strong class="text-cyan-400">120亿元</strong>,变相实现技术输出。同时推动国内产业链向高端化转型。</p>
|
||
</div>
|
||
<div>
|
||
<h5 class="font-bold text-lg text-white mb-2">激活消费市场</h5>
|
||
<ul class="list-disc list-inside text-gray-300 pl-4 space-y-1">
|
||
<li>试点地区客单价提升 <strong class="text-cyan-400">27%-42%</strong>,高端消费品交易量增长 <strong class="text-cyan-400">18%</strong>。</li>
|
||
<li>北京环球影城旗舰店试点期间,境外客单价突破 <strong class="text-pink-400">1.2万元</strong>。</li>
|
||
<li>非遗产品(如蜀绣)纳入退税目录,推动地方特色商品“出圈”。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Section 3: Rise Analysis -->
|
||
<section class="mb-16">
|
||
<h3 class="fui-header text-2xl mb-8 text-center border-b-2 border-cyan-500/30 pb-4">关键市场异动解析 (Rise Analysis)</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-6">
|
||
<div class="glass-card p-6">
|
||
<div class="flex justify-between items-center mb-2">
|
||
<h4 class="text-xl font-bold text-white">珠免集团 (600185)</h4>
|
||
<span class="font-bold text-lg text-green-400">+10.08%</span>
|
||
</div>
|
||
<time class="text-xs text-gray-400 block mb-3">2025-10-22</time>
|
||
<p class="text-sm text-gray-300"><strong class="text-cyan-400">核心结论:</strong> 国务院批复横琴免税额度3→8万元+口岸店扩容免租3年,双重政策红利直接放大2026年盈利弹性,资金抢筹导致涨停。</p>
|
||
</div>
|
||
<div class="glass-card p-6">
|
||
<div class="flex justify-between items-center mb-2">
|
||
<h4 class="text-xl font-bold text-white">苏宁环球 (000718)</h4>
|
||
<span class="font-bold text-lg text-green-400">+10.18%</span>
|
||
</div>
|
||
<time class="text-xs text-gray-400 block mb-3">2025-09-09</time>
|
||
<p class="text-sm text-gray-300"><strong class="text-cyan-400">核心结论:</strong> “中俄双向免签倒计时+吉林省离境退税试点”政策组合首次被资金映射至吉林本土商业物业龙头,形成政策预期差与低估值共振。</p>
|
||
</div>
|
||
<div class="glass-card p-6">
|
||
<div class="flex justify-between items-center mb-2">
|
||
<h4 class="text-xl font-bold text-white">吉视传媒 (601929)</h4>
|
||
<span class="font-bold text-lg text-green-400">+10.04%</span>
|
||
</div>
|
||
<time class="text-xs text-gray-400 block mb-3">2025-11-05</time>
|
||
<p class="text-sm text-gray-300"><strong class="text-cyan-400">核心结论:</strong> “长白山机场离境退税店独家运营”这一0→1现金流业务在冰雪季启动后迅速兑现,叠加IPTV资产注入完成带来的估值重估。</p>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Section 4: Stock List Table -->
|
||
<section>
|
||
<h3 class="fui-header text-2xl mb-8 text-center border-b-2 border-cyan-500/30 pb-4">相关标的列表 (Core Stocks)</h3>
|
||
<div class="overflow-x-auto glass-card p-4">
|
||
<table class="table w-full stock-table">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>核心逻辑</th>
|
||
<th>地域/其他标签</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr><td>中国中免</td><td><a href='https://valuefrontier.cn/company?scode=601888' target='_blank' class='link link-info'>601888</a></td><td>运营商 / 免税店 / 退税店</td><td>北京</td></tr>
|
||
<tr><td>王府井</td><td><a href='https://valuefrontier.cn/company?scode=600859' target='_blank' class='link link-info'>600859</a></td><td>运营商 / 免税店 / 退税店</td><td>北京</td></tr>
|
||
<tr><td>格力地产</td><td></td><td>运营商 / 免税店</td><td>广东</td></tr>
|
||
<tr><td>百联股份</td><td><a href='https://valuefrontier.cn/company?scode=600827' target='_blank' class='link link-info'>600827</a></td><td>曾申请/探索/合作 / 退税店</td><td>上海</td></tr>
|
||
<tr><td>上海机场</td><td><a href='https://valuefrontier.cn/company?scode=600009' target='_blank' class='link link-info'>600009</a></td><td>物业 / 机场</td><td>上海</td></tr>
|
||
<tr><td>白云机场</td><td><a href='https://valuefrontier.cn/company?scode=600004' target='_blank' class='link link-info'>600004</a></td><td>物业 / 机场</td><td>广东</td></tr>
|
||
<tr><td>海南发展</td><td><a href='https://valuefrontier.cn/company?scode=002163' target='_blank' class='link link-info'>002163</a></td><td>运营商 / 免税</td><td>海南</td></tr>
|
||
<tr><td>海汽集团</td><td><a href='https://valuefrontier.cn/company?scode=603069' target='_blank' class='link link-info'>603069</a></td><td>运营商 / 免税</td><td>海南</td></tr>
|
||
<tr><td>海南机场</td><td><a href='https://valuefrontier.cn/company?scode=600515' target='_blank' class='link link-info'>600515</a></td><td>物业 / 退税店 / 机场</td><td>海南</td></tr>
|
||
<tr><td>众信旅游</td><td><a href='https://valuefrontier.cn/company?scode=002707' target='_blank' class='link link-info'>002707</a></td><td>曾申请/探索/合作</td><td>免税店</td></tr>
|
||
<tr><td>广百股份</td><td><a href='https://valuefrontier.cn/company?scode=002187' target='_blank' class='link link-info'>002187</a></td><td>退税店</td><td>广东</td></tr>
|
||
<tr><td>茂业商业</td><td><a href='https://valuefrontier.cn/company?scode=600828' target='_blank' class='link link-info'>600828</a></td><td>退税店</td><td>广东</td></tr>
|
||
<tr><td>深圳机场</td><td><a href='https://valuefrontier.cn/company?scode=000089' target='_blank' class='link link-info'>000089</a></td><td>机场</td><td>广东</td></tr>
|
||
<tr><td>片仔癀</td><td><a href='https://valuefrontier.cn/company?scode=600436' target='_blank' class='link link-info'>600436</a></td><td>退税店</td><td>福建</td></tr>
|
||
<tr><td>东百集团</td><td><a href='https://valuefrontier.cn/company?scode=600693' target='_blank' class='link link-info'>600693</a></td><td>曾申请/探索/合作 / 免税(探索)</td><td>福建</td></tr>
|
||
<tr><td>厦门空港</td><td><a href='https://valuefrontier.cn/company?scode=600897' target='_blank' class='link link-info'>600897</a></td><td>机场</td><td>福建</td></tr>
|
||
<tr><td>万事利</td><td><a href='https://valuefrontier.cn/company?scode=301066' target='_blank' class='link link-info'>301066</a></td><td>退税店</td><td>浙江</td></tr>
|
||
<tr><td>豫园股份</td><td><a href='https://valuefrontier.cn/company?scode=600655' target='_blank' class='link link-info'>600655</a></td><td>退税店</td><td>上海</td></tr>
|
||
<tr><td>居然之家</td><td></td><td>曾申请/探索/合作 / 免税店</td><td>北京</td></tr>
|
||
<tr><td>徐家汇</td><td><a href='https://valuefrontier.cn/company?scode=002561' target='_blank' class='link link-info'>002561</a></td><td>退税店</td><td>上海</td></tr>
|
||
<tr><td>新世界</td><td><a href='https://valuefrontier.cn/company?scode=600628' target='_blank' class='link link-info'>600628</a></td><td>退税店</td><td>上海</td></tr>
|
||
<tr><td>合百集团</td><td><a href='https://valuefrontier.cn/company?scode=000417' target='_blank' class='link link-info'>000417</a></td><td>退税店</td><td>合肥</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
|
||
|
||
</div>
|
||
|
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</script>
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</body>
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