Group 1 - The tourism retail sector increased by 0.74% on September 18, with China Duty Free Group leading the gains [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] - China Duty Free Group's closing price was 71.68, reflecting a 0.74% increase, with a trading volume of 713,800 shares and a transaction value of 5.177 billion yuan [1] Group 2 - The tourism retail sector experienced a net inflow of 166 million yuan from institutional investors, while retail investors saw a net outflow of 138 million yuan [1] - The detailed fund flow for China Duty Free Group showed a net inflow of 166 million yuan from institutional investors, a net outflow of 28.16 million yuan from speculative funds, and a net outflow of 138 million yuan from retail investors [1]

证券代码：601888 证券简称：中国中免 公告编号：临 2025-026 中国旅游集团中免股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 09 月 26 日（星期五）11:00-12:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 19 日（星期五）至 09 月 25 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 cdfir@ctg.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 中国旅游集团中免股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日发布《公司 2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司 ...

每经AI快讯，9月18日，港股中国中免(01880.HK)涨超4%，截至发稿，涨4.5%，报65.05港元，成交额 2.59亿港元。 ...

Core Viewpoint - China Duty Free Group (601888)(01880) saw a stock increase of over 4%, currently at 65.05 HKD with a trading volume of 259 million HKD, indicating positive market sentiment towards the company amid regulatory and market developments [1] Group 1: Sales Performance - From January to August 2025, Haikou Customs reported a total duty-free sales amount of 20.43 billion CNY, with 3.148 million shoppers and 18.671 million items sold [1] - In August alone, the duty-free sales in Hainan reached approximately 2.105 billion CNY, reflecting a year-on-year decrease of 4.2%, although the decline rate has narrowed compared to previous months [1] Group 2: Market Outlook - According to Industrial Securities, the sales pressure in Hainan is expected to ease due to a gradually lowering base and increased efforts from the government and companies to stimulate sales [1] - The recovery of same-store sales in duty-free outlets and the expansion of new channels in both port and city stores suggest a potential turning point for the company's fundamentals [1] Group 3: Policy Measures - On September 16, the Ministry of Commerce and nine other departments released 19 measures aimed at expanding service consumption, including a series of promotional activities for service consumption [1] - As of the end of August, the number of duty-free shops for outbound tax refunds exceeded 10,000, three times the number at the end of 2024, with a 248% year-on-year increase in the number of tax refund beneficiaries and a 98% increase in tax refund sales from January to August [1]

Core Viewpoint - China Duty Free Group (01880) saw a stock increase of over 4%, reaching HKD 65.05 with a trading volume of HKD 259 million, indicating positive market sentiment towards the company amid recent sales data and government policies [1] Group 1: Sales Data - From January to August 2025, Haikou Customs reported a total duty-free sales amount of CNY 20.43 billion, with 3.148 million shoppers and 18.671 million items sold [1] - In August alone, the duty-free sales in Hainan were approximately CNY 2.105 billion, reflecting a year-on-year decrease of 4.2%, although the decline rate has narrowed compared to previous months [1] Group 2: Market Outlook - According to Industrial Securities, the sales pressure in Hainan is expected to ease due to a gradually lowering base and increased efforts from the government and companies [1] - The recovery of same-store sales in duty-free outlets and the expansion of new channels in both port and city stores suggest a potential turning point for the company's fundamentals [1] Group 3: Government Policies - On September 16, the Ministry of Commerce and nine other departments released 19 measures aimed at expanding service consumption, including a series of promotional activities for service consumption [1] - As of the end of August, the number of duty-free shops for outbound tax refunds exceeded 10,000, tripling the figure from the end of 2024, with a 248% year-on-year increase in the number of tax refund beneficiaries and a 98% growth in tax refund sales from January to August [1]

Group 1 - The core point of the news is that southbound funds have reduced their holdings in China Duty Free Group Co., Ltd. (01880.HK) by 13.38 thousand shares on September 17, 2025, marking a trend of net reductions over recent trading days [1][2] - Over the past five trading days, there have been three days of reductions, totaling a net decrease of 24.54 thousand shares [1][2] - In the last twenty trading days, there have been twelve days of reductions, with a cumulative net decrease of 42.86 thousand shares [1][2] Group 2 - As of now, southbound funds hold 46.2491 million shares of China Duty Free Group, which represents 39.73% of the company's total issued ordinary shares [1][2] - The company primarily engages in the retail of tourism products and related services, operating in two main segments: sales of taxable and duty-free goods, and investment and development of commercial complexes [2] - The company's main business focuses on duty-free tourism retail, including wholesale and retail of duty-free products such as tobacco, alcohol, cosmetics, luxury goods, clothing, and electronics [2]

Group 1 - The government has introduced 19 specific measures to boost service consumption, focusing on enhancing service supply and attracting foreign consumers [1][3] - The measures cover a wide range of industries, including internet, culture, telecommunications, sports events, education, and high-end healthcare, indicating a favorable policy environment for these sectors [1][3] - The emphasis is on addressing the supply-side shortage of quality services through financial support and policy adjustments, which is expected to invigorate the service consumption market [1][2] Group 2 - In August, the total retail sales of consumer goods reached 39,668 billion yuan, showing a year-on-year growth of 3.4%, with service retail sales growing by 5.1% [2] - The overall consumption trend remains positive, with expectations for further policy support to boost consumption, potentially increasing the annual growth rate of retail sales to around 4.5% [2][4] - Analysts suggest a shift in policy focus from physical investments to experience-based service consumption, highlighting the importance of government support for service supply [4] Group 3 - Companies like Huazhu Group and Trip.com are expected to benefit from the recovery in tourism consumption, with Huazhu's EBITDA projected to grow by 5% to 1.5 billion yuan [5] - Trip.com anticipates a revenue growth of 12%-17% in 2025, benefiting from policies aimed at attracting foreign consumers [5] - Hong Kong Travel and China Duty Free are positioned to gain from inbound tourism and enhanced duty-free shopping opportunities, with potential increases in visitor numbers and sales [6]

Group 1 - The tourism retail sector experienced a decline of 0.55% on September 17, with China Duty Free Group leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] - China Duty Free Group's closing price was 71.15, reflecting a decrease of 0.55%, with a trading volume of 283,000 shares and a transaction value of 2.011 billion yuan [1] Group 2 - The tourism retail sector saw a net outflow of 83.0826 million yuan from institutional investors, while retail investors had a net inflow of 29.2964 million yuan [1] - The net inflow from speculative funds was 53.7862 million yuan, indicating varied investor sentiment within the sector [1] - China Duty Free Group had a net outflow of 83.0826 million yuan from institutional investors, representing a 4.13% decrease in net position [1]

Core Viewpoint - The tourism retail sector experienced a 2.29% increase on September 16, led by China Duty Free Group, while the overall market indices showed modest gains [1] Group 1: Market Performance - On September 16, the Shanghai Composite Index closed at 3861.87, up 0.04% [1] - The Shenzhen Component Index closed at 13063.97, up 0.45% [1] Group 2: Sector Performance - The tourism retail sector saw a net inflow of 171 million yuan from main funds, while retail investors experienced a net outflow of 118 million yuan [1] - The stock of China Duty Free Group (601888) closed at 71.54 yuan, reflecting a 2.29% increase with a trading volume of 348,700 shares and a transaction value of 24.79 million yuan [1]

Group 1 - The stock price of China Duty Free Group (中国中免) increased by 2.02% on September 16, reaching 71.35 CNY per share, with a trading volume of 344 million CNY and a market capitalization of 147.613 billion CNY [1] - Year-to-date, the stock price has risen by 8.17%, with a 0.46% increase over the last five trading days, an 8.55% increase over the last 20 days, and a 17.20% increase over the last 60 days [1] - The company has appeared on the "龙虎榜" (a stock market leaderboard) once this year, with the most recent appearance on April 10 [1] Group 2 - China Duty Free Group, established on March 28, 2008, and listed on October 15, 2009, primarily engages in the retail of tourism products and related services [2] - The company's main business segments include tourism retail, which accounts for 72.26% of revenue from duty-free and taxable goods, and tourism retail complex investment and development [2] - As of June 30, 2025, the company reported a revenue of 28.151 billion CNY, a year-on-year decrease of 9.96%, and a net profit attributable to shareholders of 2.600 billion CNY, down 20.81% year-on-year [2] Group 3 - Since its A-share listing, China Duty Free Group has distributed a total of 18.405 billion CNY in dividends, with 7.241 billion CNY distributed over the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 82.66 million shares, an increase of 15.7285 million shares from the previous period [3] - Other significant shareholders include Invesco Great Wall New Growth Mixed Fund and various ETFs, with increases in their holdings compared to the previous period [3]