Group 1 - The tourism retail sector increased by 1.43% on September 8, with China Duty Free Group leading the gains [1] - The Shanghai Composite Index closed at 3826.84, up 0.38%, while the Shenzhen Component Index closed at 12666.84, up 0.61% [1] - China Duty Free Group's closing price was 71.50, reflecting a 1.43% increase, with a trading volume of 430,300 shares and a transaction value of 3.073 billion yuan [1] Group 2 - The tourism retail sector saw a net inflow of 12.7066 million yuan from institutional investors, while retail investors experienced a net outflow of 8.8773 million yuan [1] - The net inflow from institutional investors represented 0.41% of the total, while the net outflow from retail investors accounted for -0.29% [1] - The overall capital flow in the tourism retail sector indicates a mixed sentiment among different types of investors [1]

中國旅遊集團中免股份有限公司 China Tourism Group Duty Free Corporation Limited 股份代號 STOCK CODE : 601888.SH 1880.HK INTERIM REPORT 中期報告 2025 2025 INTERIM REPORT 中期報告 China Tourism Group Duty Free Corporation Limited 中國旅遊集團中免股份有限公司 目 錄 | 02 | 公司資料 | | --- | --- | | 05 | 管理層討論與分析 | | 16 | 其他資料 | | 22 | 獨立審閱報告 | | 23 | 中期簡明綜合損益及其他綜合收益表 | | 24 | 中期簡明綜合財務狀況表 | | 26 | 中期簡明綜合權益變動表 | | 27 | 中期簡明綜合現金流量表 | | 29 | 中期簡明綜合財務資料附註 | | 58 | 釋義 | 02 中國旅遊集團中免股份有限公司 • 2025 中期報告 公司資料 董事會 非執行董事 范雲軍先生 （主席） 劉昆女士 （副主席） 執行董事 常築軍先生 王月浩先生 王軒先生 獨立非執 ...

Core Viewpoint - China Gold Group Jewelry Co., Ltd. (referred to as "China Gold Jewelry") and China Tourism Group Duty Free Co., Ltd. (referred to as "China Duty Free") signed a strategic cooperation agreement, marking a significant step towards internationalizing national brands and enhancing collaboration between state-owned enterprises [1][5][11]. Group 1: Strategic Cooperation - The cooperation is seen as an important strategic deployment for China Gold Group to promote the internationalization of its brand, with China Gold Jewelry focusing on cultural empowerment, green development, digital operation, and international layout [5][7]. - Both companies aim to leverage their respective strengths to create a new growth curve, enhancing the cultural weight of "China Gold" in the retail ecosystem of China Duty Free [7][11]. Group 2: Operational Synergy - China Gold Jewelry will establish a regular communication mechanism with China Duty Free to facilitate the global distribution of gold products through duty-free channels, aiming for a synergistic effect that exceeds the sum of their parts [7][11]. - The partnership will focus on dual-driven cooperation, integrating consumer insights with product strength and retail capabilities to better meet consumer demands for gold jewelry [7][11]. Group 3: Future Goals - The collaboration is expected to serve as a model for state-owned enterprise cooperation and to illuminate the global market with the brand's presence [7][11]. - Both parties are committed to expanding global development paths and achieving breakthroughs for Chinese brands in international markets, aiming to establish a "golden paradigm" for Chinese brands in the global consumer market [11].

Group 1 - The tourism retail sector increased by 4.04% on September 5, with China Duty Free Group leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] - China Duty Free Group's stock closed at 70.49, reflecting a 4.04% increase, with a trading volume of 486,500 shares and a transaction value of 3.378 billion yuan [1] Group 2 - The tourism retail sector saw a net inflow of 295 million yuan from institutional investors, while retail investors experienced a net outflow of 215 million yuan [1] - The breakdown of fund flows indicates that institutional investors accounted for 8.72% of the net inflow, while retail investors had a net outflow of 6.36% [1]

Core Viewpoint - China Duty Free Group (601888)(01880) saw a rise of over 3%, currently up 3.3% at HKD 61.05, with a trading volume of HKD 149 million [1] Group 1: Policy Developments - On September 5, the draft of the "Hainan Free Trade Port Tourism Regulations" was publicly solicited for opinions, proposing a broader visa-free entry policy for tourists [1] - Citizens from countries approved by the State Council can enter Hainan Free Trade Port without a visa and travel within a specified period [1] Group 2: Market Implications - In July, a press conference by the State Council Information Office clarified the timeline for the closure and operation of the Hainan Free Trade Port, along with optimized tax and travel policies [1] - According to Founder Securities, ongoing developments related to the closure of Hainan could serve as a catalyst for valuation, with a focus on the company's performance at domestic ports and city duty-free sales [1]

Core Viewpoint - China Duty Free Group (01880) saw a rise of over 3%, currently up 3.3% at HKD 61.05, with a trading volume of HKD 149 million [1] Group 1: Policy Developments - On September 5, the draft of the Hainan Free Trade Port Tourism Regulations was publicly solicited for opinions, proposing a broader visa-free entry policy for tourists [1] - Citizens from countries approved by the State Council can enter Hainan Free Trade Port without a visa and travel within a specified period [1] Group 2: Market Context - In July, a press conference by the State Council Information Office clarified the timeline for the closure operation of Hainan Free Trade Port and optimized tax and travel policies [1] - According to Founder Securities, ongoing developments related to Hainan's closure operations could serve as a catalyst for valuation, with a focus on the company's performance at domestic ports and city duty-free shops [1]

Group 1 - The tourism retail sector increased by 0.44% compared to the previous trading day, with China Duty Free Group leading the gains [1] - On the same day, the Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] - The main capital flow into the tourism retail sector was a net inflow of 57.43 million yuan, while retail investors experienced a net outflow of 31.41 million yuan [1] Group 2 - China Duty Free Group's closing price was 67.75 yuan, reflecting a gain of 0.44% [1] - The trading volume for China Duty Free Group was 299,500 hands, with a transaction amount of 203 million yuan [1] - The overall capital flow in the tourism retail sector showed a mixed trend, with institutional funds flowing in while retail and speculative funds flowed out [1]

Group 1 - The event "Big Consumption Investment Summit and 2025 Zhitong Xingyao Autumn Joint Strategy Meeting" was held in Hangzhou, focusing on the theme "New Consumption Species: The Evolution of Hong Kong Stocks" [1] - In 2025, China's consumption market is witnessing a blend of tradition and innovation, with electric vehicle penetration exceeding 47%, smart home sales growing in double digits, and rural consumption growth outpacing urban by 0.8 percentage points [1] - The Hong Kong stock market is becoming a witness to consumer power, with a 100-fold subscription for consumer IPOs in the first half of the year and 71% of new stocks closing higher on their first day [1] Group 2 - The main venue will feature keynote speeches and roundtable discussions on trends, while the sub-venue will showcase opportunities from 30 top companies [2] - Keynote speakers include executives from Tencent, GF Securities, and various leading companies, sharing insights and practical experiences [4] - The sub-venue will host presentations from 30 leading companies, including China Duty Free Group, Maogeping, and others, focusing on their business opportunities [5]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | | H | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01880 | 說明 | | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 116,383,500 | | 0 | | 116,383,500 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 116,383,500 | | 0 | | 116,383,500 | 公司名稱: 中國旅遊集團中免股份有限公司 呈交日期: 2025年9月3日 I. 法 ...

FF301 致：香港交易及結算所有限公司 公司名稱: 中國旅遊集團中免股份有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 本月底法定/註冊股本總額： RMB 2,068,859,044 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01880 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 116,383,500 | RMB | | 1 RMB | | 116,383,500 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 116,383,500 | RMB | | 1 RMB | | 116,383,50 ...