人民财讯1月19日电，珠免集团（600185）1月19日公告，预计2025年实现归属于母公司所有者的净利润 为亏损9.2亿元到11.8亿元。报告期内，公司房地产业务结转规模与收入下降，结转毛利同比下降。公司 已完成珠海格力房产有限公司(简称"格力房产")100%股权的出售，根据企业会计准则相关要求，本期业 绩预告数据仍包含格力房产2025年度收入、费用及利润。 ...

格隆汇1月19日丨珠免集团（维权）(600185.SH)公布，公司预计2025年年度实现归属于母公司所有者的 净利润为-118,000万元到-92,000万元，预计实现归属于母公司所有者的扣除非经常性损益的净利润 为-112,500万元到-86,500万元。 ...

| 证券代码：600185 | 股票简称：珠免集团 | | 编号：临 2026-002 | | --- | --- | --- | --- | | 债券代码：250772 | 债券简称：23 | 格地 01 | | 珠海珠免集团股份有限公司 2025 年年度业绩预告 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个别及连带责任。 重要内容提示： ●本期业绩预告的具体适用情形：净利润为负值。 ●珠海珠免集团股份有限公司（以下简称"公司"）预计 2025 年年度实现归 属于母公司所有者的净利润为-118,000 万元 到-92,000 万元，预计实现归属于母 公司所有者的扣除非经常性损益的净利润为-112,500 万元 到-86,500 万元。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 2026 年，公司将持续关注免税行业政策，把握行业发展机遇，拓展商品新 品类，优化口岸门店效能，加强数智化建设，提升经营质量和盈利水平。 二、2024 年度经营业绩情况和财务状况 （一）利润 ...

格隆汇1月19日丨珠免集团(600185.SH)公布，公司预计2025年年度实现归属于母公司所有者的净利润 为-118,000万元到-92,000万元，预计实现归属于母公司所有者的扣除非经常性损益的净利润为-112,500 万元到-86,500万元。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600185 股票简称：珠免集团 编号：临2026-001 债券代码：250772 债券简称：23格地01 珠海珠免集团股份有限公司（以下简称"公司"）近日收到上海证券交易所（以下简称"上交所"）出具的 《关于对珠海珠免集团股份有限公司非公开发行公司债券挂牌转让无异议的函》（上证函〔2026〕32 号，以下简称"无异议函"）。 根据该无异议函，公司面向专业投资者非公开发行总额不超过4亿元的公司债券（以下简称"本次债 券"）符合上交所的挂牌转让条件，上交所对本次债券挂牌转让无异议。该无异议函自出具之日起12个 月内有效，公司可在无异议函有效期及上述额度内分期发行本次债券并办理债券挂牌转让手续。 公司将按照有关法律法规、无异议函要求及公司股东会的授权，办理本次面向专业投资者非公开发行公 司债券的相关事宜，并及时履行信息披露义务。 特此公告。 珠海珠免集团股份有限公司 董事会 二〇二六年一月八日 珠海珠免集团股份有限公司 关于收到非公开发行公司债券挂牌转让无异议函的公告 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 ...

| 证券代码：600185 | 股票简称：珠免集团 | | 编号：临 2026-001 | | --- | --- | --- | --- | | 债券代码：250772 | 债券简称：23 | 格地 01 | | 珠海珠免集团股份有限公司 关于收到非公开发行公司债券挂牌转让无异议函的公告 公司将按照有关法律法规、无异议函要求及公司股东会的授权，办理本次面向 专业投资者非公开发行公司债券的相关事宜，并及时履行信息披露义务。 特此公告。 珠海珠免集团股份有限公司 董事会 二〇二六年一月八日 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个别及连带责任。 珠海珠免集团股份有限公司（以下简称"公司"）近日收到上海证券交易所（以 下简称"上交所"）出具的《关于对珠海珠免集团股份有限公司非公开发行公司债 券挂牌转让无异议的函》（上证函〔2026〕32 号，以下简称"无异议函"）。 根据该无异议函，公司面向专业投资者非公开发行总额不超过 4 亿元的公司债 券（以下简称"本次债券"）符合上交所的挂牌转让条件，上交所对本次债券挂牌 转让无异议。该无异议 ...

Investment Rating - The report maintains a "Positive" outlook for the social services industry [4] Core Insights - The Ministry of Culture and Tourism data aligns with expectations, highlighting strong performance in duty-free shopping, inbound tourism, and leading mountain scenic spots. The upcoming long Spring Festival holiday and supportive tourism policies are expected to boost domestic consumption, leading to a favorable outlook for the social services industry in 2026 [3][7] Summary by Sections Domestic Tourism Demand - Domestic travel demand is steadily increasing, with 142 million domestic trips taken during the New Year holiday, a 5.2% increase compared to 2024. Total domestic travel expenditure reached 84.79 billion yuan, up 6.3% year-on-year, with per capita spending increasing by 1.1% [7] Duty-Free Shopping - Duty-free sales in Hainan during the New Year holiday showed significant growth, with 442,000 items sold, a 52.4% increase year-on-year. The number of shoppers reached 83,500, up 60.6%, and total spending was 712 million yuan, a 128.9% increase. This growth is attributed to the official launch of duty-free operations, new policies, and promotional activities [7] Scenic Spots - Leading mountain scenic spots demonstrated strong visitor elasticity, with Huangshan receiving over 75,000 visitors (up 76.5% year-on-year), Emei Mountain hosting 126,200 visitors (up 20.9%), and Changbai Mountain seeing a 41% increase in visitors compared to 2025. The expansion of high-speed rail and airports contributed to this growth [7] Online Travel Agencies (OTAs) - Inbound tourism and winter sports are emerging as key growth drivers, with a 110% year-on-year increase in inbound ticket bookings and a more than 30-fold increase in experiential product bookings. Domestic winter sports continue to be a central theme for growth in 2026 [7]

Group 1 - The core point of the news is that Zhuhai Zhimian Group Co., Ltd. has successfully completed a major asset sale, marking its strategic shift away from real estate to focus on its core duty-free business [1][3] - The company sold 100% equity of Gree Real Estate for a cash consideration of 5.518 billion yuan, demonstrating its commitment to divest from real estate and fulfill its promise to exit the sector within five years [1] - This transaction aligns with national policy directions aimed at enhancing domestic demand and consumption, reflecting the company's proactive approach to strategic transformation [3] Group 2 - The asset sale is a typical practice of state-owned enterprises deepening reforms and focusing on their main responsibilities, in line with the central economic work conference's emphasis on domestic market development [3] - The transaction is expected to optimize Zhuhai Zhimian Group's business structure and enhance the intrinsic value of its pure duty-free operations, supporting the expansion of its national duty-free network [3] - The company aims to leverage its financial services to assist more enterprises in achieving transformation and upgrading through resource integration, contributing to high-quality development of the real economy [5]

Core Insights - Zhuhai Duty-Free Group officially launched its免保衔接 warehouse in Zhuhai Gaolan Port Comprehensive Bonded Zone on December 30, marking the implementation of its "免保衔接" business model [1] - The project, with a total investment of approximately 20 million yuan and a building area exceeding 6,000 square meters, aims to enhance supply chain efficiency and reduce costs through innovative regulatory measures [1][2] - The project will transition into a normalized operational phase, facilitating efficient cross-border flow of goods in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1 - The免保衔接 warehouse optimizes storage layout and regulatory processes, enabling more efficient collaboration between duty-free and bonded businesses within the same park [2] - The dual warehouse setup ("bonded warehouse + duty-free warehouse") helps reduce inventory risks and improves resource allocation across different business scenarios [2] - The traditional model required lengthy transfers for bonded goods to become duty-free, involving multiple customs checkpoints and significant time and cost [2][3] Group 2 - The new model significantly reduces the overall flow time to approximately 1 hour, improving efficiency by over 85% [3] - The warehouse employs a dual protection system of "software + hardware" to meet high regulatory standards and efficient flow demands, including advanced robotics for operations [3] - The company plans to leverage its AEO certification advantages to upgrade the免保衔接 warehouse into a distribution hub for imported goods across the Greater Bay Area and nationwide [3]

Core Viewpoint - Zhuhai Duty-Free Group has officially launched its duty-free and bonded goods connection warehouse in Zhuhai, marking a significant step in integrating duty-free and bonded policies to enhance cross-border trade efficiency in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2]. Group 1: Project Overview - The project, with a total investment of approximately 20 million yuan and a building area exceeding 6,000 square meters, is designed as an intelligent warehousing project utilizing the "duty-free and bonded connection" business model [1]. - The project began trial operations in August and has now transitioned to regular operations, facilitating efficient circulation of goods with different regulatory attributes [1][2]. Group 2: Operational Efficiency - The new model helps reduce inventory backlog risks and enhances the connection between duty-free retail and cross-border e-commerce, allowing for optimized resource allocation and improved operational efficiency [2]. - Under this model, the overall circulation time for goods can be reduced to approximately 1 hour, achieving an efficiency improvement of over 85% [2]. Group 3: Technological Advancements - The warehouse incorporates a dual protection system of "software + hardware" to meet high regulatory standards and efficient circulation needs, featuring an "assistance system for duty-free and bonded connection business management" for deep integration of enterprise data and customs supervision [2]. - Advanced equipment such as box retrieval robots and intelligent shuttles have been introduced, enabling a shift from traditional "man-to-goods" to intelligent "goods-to-man" operations, with storage density and in-and-out efficiency reaching 2 to 5 times that of traditional warehouses [2]. Group 4: Future Plans - Zhuhai Duty-Free Group aims to leverage its AEO (Authorized Economic Operator) certification advantages to upgrade the warehouse into a distribution hub for imported goods serving the Greater Bay Area and nationwide, contributing to Zhuhai's development as a regional consumption center [3].