Business Performance - In the first half of 2023, the company continued to optimize its business layout and structure, enhancing its core competitiveness and achieving steady growth in its main business[7]. - The company was ranked as the world's largest travel retailer for the third consecutive year according to Moody's report, highlighting its leading position in the industry[7]. - The company reported a positive development trend, driven by the recovery of consumer spending and the relaxation of entry and exit policies[7]. - The company aims to enhance its product diversity and improve the supply of popular products in its new retail business[7]. - The company has strengthened its resource allocation towards its main business, ensuring a focused approach to growth[7]. - The company plans to focus on expanding in the Hainan market, integrating online business, and enhancing capital operations in the second half of 2023[19]. - The company plans to continue expanding its tourism retail business and enhancing related services in the future[46]. Financial Highlights - The company's revenue for the six months ended June 30, 2023, was RMB 35.858 billion, an increase of 29.68% compared to RMB 27.651 billion in the same period last year, driven by the recovery of the domestic tourism market and optimized product supply[12]. - Gross profit rose by 16.66% to RMB 10.754 billion from RMB 9.218 billion year-on-year, mainly due to a significant increase in sales revenue[13]. - Profit for the period fell by 9.12% to RMB 4.137 billion compared to RMB 4.552 billion in the previous year, due to increased leasing and procurement costs[16]. - Cash and cash equivalents as of June 30, 2023, were RMB 32.226 billion, up from RMB 25.762 billion as of December 31, 2022[17]. - Total debt decreased to RMB 6.319 billion from RMB 7.001 billion, while total equity increased to RMB 56.868 billion from RMB 53.839 billion, resulting in a debt-to-equity ratio of 11.11%[18]. - The company declared dividends amounting to RMB 1,655,090 thousand during the period, impacting retained earnings[43]. Sales and Marketing - Online business continued to grow, with over 90 new brands introduced on the online platform, contributing to increased sales revenue[7]. - The company focused on optimizing pricing strategies and enhancing non-price marketing methods to improve sales revenue and gross margin[7]. - Selling and promotional expenses surged by 105.08% to RMB 5.045 billion, up from RMB 2.460 billion, attributed to the recovery of airport passenger flow and increased rental costs[14]. - Revenue from duty-free sales amounted to RMB 23,956,500,000, up from RMB 16,198,319,000 in the previous year, indicating a growth of about 47.8%[58]. Market Expansion - The company successfully obtained duty-free operating rights at several international airports, including Tianjin Binhai International Airport and Siem Reap Angkor International Airport in Cambodia, enhancing its channel advantages[8]. - The company is actively expanding its overseas projects and duty-free operating rights, with successful bids for new locations[8]. - The company plans to enhance project management to mitigate risks associated with major engineering projects, ensuring timely progress and budget control[21]. - The company is exploring partnerships with international brands to diversify its product offerings and attract a broader customer base[110]. Customer Engagement - The company has over 28 million members, with ongoing optimization of the membership system and implementation of new policies to enhance customer engagement[8]. - User data showed a growth in active customers by 20% compared to the same period last year, reaching 5 million active users[110]. - The company has introduced a new loyalty program, projected to increase customer retention rates by 15%[110]. Operational Efficiency - The company is actively advancing the construction of an integrated online platform to enhance operational efficiency[7]. - The overall gross profit level was improved through unified pricing and optimized promotional discounts in the Hainan region[7]. - The company will continue to promote centralized procurement to improve product purchasing power and enhance market competitiveness[21]. Future Outlook - The company expects a revenue growth of 12% for the second half of 2023, driven by new product launches and market expansion strategies[110]. - Future outlook remains positive, with a target of achieving RMB 25 billion in revenue by the end of 2024[110]. - A strategic acquisition of a local competitor is anticipated to be finalized by Q4 2023, expected to enhance the company's distribution network[110].

Revenue Growth - The company reported a significant increase in revenue from duty-free retail operations, with a focus on products such as tobacco, alcohol, cosmetics, and electronics[6]. - The group's revenue for the six months ended June 30, 2023, was RMB 35.858 billion, up 29.68% from RMB 27.651 billion in the same period last year[12]. - Revenue from duty-free sales reached RMB 23,956,500,000, up from RMB 16,198,319,000 in the previous year, indicating a growth of about 47.1%[58]. - The company’s external customer revenue from mainland China was RMB 33,303,599,000, up from RMB 25,763,790,000 in the previous year, marking a growth of approximately 29.1%[56]. - The company has set a revenue guidance of RMB 3 billion for the second half of 2023, indicating a growth target of 25%[110]. Profitability - The group's gross profit for the same period was RMB 10.754 billion, up 16.66% from RMB 9.218 billion year-on-year[13]. - The profit for the same period was RMB 4.137 billion, down 9.12% from RMB 4.552 billion year-on-year[16]. - The company's net profit for the period was RMB 4,136,512 thousand, a decrease of 9.1% compared to RMB 4,551,710 thousand for the same period last year[39]. - The company reported a basic and diluted earnings per share of RMB 1.8887, down from RMB 2.0345 in the previous year[39]. - The gross profit margin improved to 45%, up from 40% in the same period last year[109]. Operational Performance - For the six months ending June 30, 2023, the company achieved an operating profit, reflecting strong performance in the travel retail sector[6]. - The group's operating profit for the six months ended June 30, 2023, was RMB 5.132 billion, a decrease of 4.24% from RMB 5.359 billion in the same period last year[16]. - The total sales of Hainan's duty-free shops reached RMB 32.396 billion, a year-on-year increase of 31%[11]. - The company introduced over 90 new brands to its online platform in the first half of 2023, enhancing product diversity and driving sales growth[7]. - The company is focusing on enhancing its core capabilities, including optimizing procurement strategies to increase the proportion of high-margin products[8]. Market Expansion - The company plans to expand its market presence and product offerings, focusing on enhancing customer experience in duty-free shopping[6]. - The company is actively participating in industry events to strengthen its brand position and is implementing marketing activities in collaboration with key brands[8]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[110]. - The inbound tourism market is expected to see significant growth in the latter half of 2023, with a recovery anticipated as travel restrictions are lifted[9]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of RMB 1 billion allocated for this purpose[110]. Financial Position - As of June 30, 2023, the group's total equity attributable to shareholders was RMB 51.137 billion, an increase of 5.85% from RMB 48.310 billion at the end of 2022[16]. - The group's cash and cash equivalents as of June 30, 2023, were RMB 32.226 billion, up from RMB 25.762 billion at the end of 2022[17]. - The company's total liabilities as of June 30, 2023, were RMB 21,795,070,000, compared to RMB 21,780,188,000 as of December 31, 2022, indicating a marginal increase[54]. - The company declared dividends amounting to RMB 1,655,090 thousand during the period, impacting retained earnings[43]. - The company’s financing activities resulted in a net cash outflow of RMB (1,368,701) thousand, compared to RMB (939,207) thousand in the same period of 2022[45]. Governance and Compliance - The board of directors includes newly appointed members as of June 29, 2023, indicating potential strategic shifts and governance updates[3]. - The management team emphasizes the importance of compliance and risk management in its operations, reflecting a proactive approach to governance[5]. - The audit and risk management committee reviewed the interim report for 2023, confirming compliance with applicable accounting standards and regulations[32]. - The company has adhered to the corporate governance code and has maintained high standards of corporate governance throughout the reporting period[30]. - The board did not recommend a mid-term dividend for the six months ended June 30, 2023, consistent with the previous year[19]. Employee and Talent Development - The company continues to focus on talent development and training programs to enhance organizational competitiveness[35]. - The company has established an online training platform to provide employees with resources to improve their professional knowledge and business capabilities[35]. - As of June 30, 2023, the company employed 16,396 full-time employees[34]. - The total remuneration for key management personnel was RMB 19,213,000 for the six months ended June 30, 2023, compared to RMB 28,526,000 in the same period of 2022, reflecting a reduction of approximately 33%[105]. - The company has over 28 million members, with ongoing optimization of its membership system and new policies for member points[8]. Risks and Challenges - The company faces policy risks due to increasing competition in the duty-free industry, necessitating a focus on major projects and key markets[20]. - Investment risks are present if strategic project investments do not meet expectations, prompting the company to strengthen long-term planning and investment management[21]. - Financial risks include potential foreign exchange losses due to international business transactions, with the company planning to enhance currency risk management[21]. - Market risks arise from intensified competition in the duty-free sector, with the company aiming to leverage existing advantages and develop new product lines[21]. - The company continues to leverage its membership programs to enhance customer retention and future revenue recognition[82].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或倚賴 該等內容而引致之任何損失承擔任何責任。 China Tourism Group Duty Free Corporation Limited 中 國 旅 遊 集 團 中 免 股 份 有 限 公 司 （一家於中華人民共和國註冊成立的股份有限公司） （股份代號：1880） 2023年第一季度報告 本公告乃根據香港法例第571章證券及期貨條例第XIVA部項下內幕消息條文及香 港聯合交易所有限公司證券上市規則第13.09(2)和第13.10B條的要求作出。 中國旅遊集團中免股份有限公司（「本公司」或「公司」）董事會（「董事會」）公佈本 公司連同其附屬公司（「本集團」）截至2023年3月31日止三個月（「本報告期」）之第 一季度報告。其所載財務資料是按照中國企業會計準則編製，並且未經審核。 重要內容提示 公司董事會、監事會及董事、監事、高級管理人員保證季度報告內容的真實、準 確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律 責任。 公 ...

中國旅遊集團中免股份有限公司 China Tourism Group Duty Free Corporation Limited （一家於中華人民共和國註冊成立的股份有限公司） 股份代號 : 1880 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 China Tourism Group Duty Free Corporation Limited 中 國 旅 遊 集 團 中 免 股 份 有 限 公 司 （一家於中華人民共和國註冊成立的股份有限公司） （股份代號：1880） 截至2022年12月31日止年度業績公告 中國旅遊集團中免股份有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司 及其附屬公司截至2022年12月31日止年度之經審核年度業績。本公告載列本公 司2022年年度報告全文，並符合香港聯合交易所有限公司證券上市規則中有關年 度業績初步公告附載資料之要求。本公司2022年年度報告的印刷版本將於2023 年4月寄發予本公司H股股東，屆時可於香港交易及結算所有限公司網站( www. hkexnews.hk)及本公司網站( www.ctgdutyfree.com.cn)閱覽。 承董事會命 中國旅遊集團中免股份有限公司 董事會主席 李剛先生 ...