格隆汇8月26日丨中国中免(601888.SH)发布2025年半年度报告，报告期实现营业收入281.51亿元，同比 下降9.96%；归属上市公司股东的净利润26亿元，同比下降20.81%；扣除非经常性损益后的归属于上市 公司股东的净利润25.95亿元，同比下降19.84%；基本每股收益1.2566元。 ...

证券之星消息，中国中免2025年中报显示，公司主营收入281.51亿元，同比下降9.96%；归母净利润 26.0亿元，同比下降20.81%；扣非净利润25.95亿元，同比下降19.84%；其中2025年第二季度，公司单 季度主营收入114.05亿元，同比下降8.45%；单季度归母净利润6.62亿元，同比下降32.21%；单季度扣 非净利润6.6亿元，同比下降29.72%；负债率18.61%，投资收益-2317.69万元，财务费用-5.01亿元，毛 利率32.77%。 财报数据概要请见下图: 销售毛利率 (%) 32.77 同比 -2.29% 净资产收益率(%) 4.65 同比 -22.11% 每股营业收入(元) 13.61 同比 -9.96% 每股收益(元) 1.26 同比 -20.80% 每股净资产(元) 26.68 同比 +2.54% 每股经营性现金流(元) 1.26 同比 -39.49% 2023 2024 2025 ■ 营业总收入-中报(亿) ■ 单季度营业总收入-第二季度(亿) 一 归母净利润 一 归母净利润-中报(亿) 26.00 同比 -20.80% 单季度归母净利润-第二季度(亿) 6.62 ...

智通财经APP讯，中国中免(601888.SH)发布2025年半年度报告，该公司营业收入为281.51亿元，同比减 少9.96%。归属于上市公司股东的净利润为26亿元，同比减少20.81%。归属于上市公司股东的扣除非经 常性损益的净利润为25.95亿元，同比减少19.84%。基本每股收益为1.2566元。 公告称，公司在海南离岛免税市场的优势地位进一步稳固，市场占有率同比提升近1个百分点。 ...

8月26日，中国旅游集团中免股份有限公司（以下简称"中国中免"）发布2025年半年度报告。报告期 内，中国中免营收净利再次出现双降态势，分别同比下降9.96%、20.81%。在海南离岛免税市场不断调 整的背景下，中国中免海南地区营业收入同比出现回落。但中国中免仍在持续通过扩大布局寻求增量， 一方面不断拓展市内免税店的版图，另一方面则到海外市场谋求生意。业内专家表示，中国中免业绩将 在一段时间内承压，未来可以通过推出促销优惠、持续探索新市场等方式改善业绩。 向市内店及海外市场寻增量 传统门店面临客流与复购率压力 一方面业绩持续承压，另一方面中国中免仍在不断扩张，寻找新的业绩增长点。 根据中国中免公布的最新财报，2025年上半年，中国中免实现营业收入281.51亿元，同比下降9.96%； 归属于上市公司股东的净利润26亿元，同比下降20.81%。同时，中国中免实现主营业务收入275.31亿 元，其中线下收入197.03亿元，线上收入78.28亿元。 在营收净利双降的背后，是海南离岛免税市场的持续调整。在此背景下，中国中免海南地区业务也较去 年同期出现回落。根据财报，2025年上半年，中国中免海南地区营业收入150 ...

具体业务方面，上半年，中国中免的王牌业务——离岛免税业务面临着不小的压力。根据海口海关数 据，2025年1月至6月，海南离岛免税购物金额为167.6亿元，同比下降9.2%；免税购物人数为248.2万人 次，同比下降26.2%。 在此背景下，中国中免上半年拓宽了在海南的业务，如打造文娱赛事联动及主题营销IP（具有商业价值 的创意内容或品牌）活动，引入明星演唱会、泡泡玛特Dimoo首展、迪士尼主题IP等。 8月26日晚间，免税龙头企业中国中免（601888.SH，股价71.41元，市值1477.37亿元）发布2025年半年 度报告。今年上半年，公司实现营业收入281.51亿元，同比下降9.96%；归属于上市公司股东的净利润 25.99亿元，同比减少20.81%。 报告期内，中国中免主营业务收入275.31亿元，其中线下收入197.03亿元，线上收入78.28亿元。 口岸渠道方面，报告期内，中国中免中标了广州白云国际机场T3航站楼出境免税店，以及磨憨口岸、 勐康口岸、猴桥口岸、打洛口岸、黑河口岸等多家口岸免税店的经营权；位于青岛、厦门、哈尔滨等地 的市内店也焕新开业。 境外业务方面，根据中国中免的说法，公司获得了香 ...

8月26日，中国旅游集团中免股份有限公司（以下简称"中国中免"）发布2025年半年度报告。报告期 内，中国中免营收净利再次出现双降态势，分别同比下降9.96%、20.81%。在海南离岛免税市场不断调 整的背景下，中国中免海南地区营业收入同比出现回落。但中国中免仍在持续通过扩大布局寻求增量， 一方面不断拓展市内免税店的版图，另一方面则到海外市场谋求生意。业内专家表示，中国中免业绩将 在一段时间内承压，未来可以通过推出促销优惠、持续探索新市场等方式改善业绩。 向市内店及海外市场寻增量 一方面业绩持续承压，另一方面中国中免仍在不断扩张，寻找新的业绩增长点。 中国中免持续扩大其在海南离岛免税市场的份额。财报显示，报告期内，中国中免在海南省拥有6家离 岛免税店。海南离岛免税销售呈现企稳态势，中国中免在海南离岛免税市场的优势地位进一步稳固，市 场占有率同比提升近1个百分点。 不仅如此，"开店"也是中国中免改善业绩的重要手段。财报显示，口岸渠道方面，中国中免成功中标广 州白云国际机场T3航站楼出境免税店以及磨憨口岸、勐康口岸、猴桥口岸、打洛口岸、黑河口岸等多 家口岸免税店的经营权，进一步强化在国内大型国际机场及口岸的渠道优 ...

智通财经8月26日讯（记者 胡皓琼）海南离岛免税销售情况未能转好，中国中免业绩（601888.SH）延 续Q1跌势， H1归母净利降两成。但随着市内免税店的开业，"免税+文旅"消费新生态的构建，以及年 底将启动"海南封关"，或为免税行业带来新的市场机遇。 今日晚间，中国中免公布了H1业绩。根据财报，上半年其实现营业收入281.51亿元，同比下降9.96%； 实现归属于上市公司股东的净利润26亿元，同比下降20.81%。其中，Q2实现营收114亿元，同比跌 8.4%；归母净利润6.62亿元，同比跌32.22%。 根据海口海关公布的数据，今年1-6月，海南离岛免税购物金额167.6亿元，同比减少9.2%；免税购物件 数1487.5万件，同比减少24.8%；免税购物实际人次248.2万人次，同比减少26.2%。7月份，上述三项指 标分别同比减少了6.7%、20.6%、19.6%。 而中国中免在海南的市场占有率，得到了进一步提升。公司在财报中表示，报告期内，海南区域新引进 超60个新品牌。在海南离岛免税市场的市场占有率同比提升近1个百分点。 中国中免管理层曾透露，截至今年6月，中国中免已经开业的市内免税店有大连、三亚 ...

Group 1 - The article emphasizes the strategy of selecting stocks that are in a low and sideways trading range, highlighting specific stocks such as China Unicom, Inspur Information, and others that have shown upward trends recently [1] - China Tourism Group has shown a significant increase of 12% since the purchase, validating the low-position stock selection strategy [1] - The article suggests that low-position stocks can experience sudden price increases, making it essential to monitor them closely for potential breakout opportunities [1] Group 2 - The article reiterates the importance of investing in consumer stocks, including traditional sectors like liquor, food and beverage, and emerging sectors like gaming and entertainment [3] - In the livestock sector, companies like Muyuan Foods and others are highlighted as having strong fundamentals and are expected to see significant growth, indicating a bullish trend in the livestock cycle [3] - The article notes that while liquor and food stocks are currently in a consolidation phase, they are expected to build a solid base for future rallies [5] Group 3 - New consumption sectors such as gaming and pets are identified as having mid-term growth potential, with specific stocks already showing significant price increases [5] - The article suggests that investors should look for low-position stocks in the new consumption category to capitalize on potential future gains [5]

Growth - Shudao Equipment reported a net profit of 10.15 million yuan in the first half of the year, a year-on-year increase of 5972.30% [1] - Aerospace Science and Technology achieved a net profit of 88.97 million yuan, up 2161.91% year-on-year [1] - Tianbao Infrastructure's net profit reached 118 million yuan, growing by 2106.58% year-on-year [1] - Northern Rare Earth reported a net profit of 931 million yuan, an increase of 1951.52% year-on-year [1] - Liugang Co., Ltd. posted a net profit of 36.8 million yuan, up 579.54% year-on-year [1] - Cheng Tian Wei Ye's net profit was 10.88 million yuan, increasing by 562.05% year-on-year [1] - Perfect World reported a net profit of 503 million yuan, a year-on-year increase of 384.52% [1] - Shenghong Technology achieved a net profit of 2.143 billion yuan, up 366.89% year-on-year [1] - Zhongke Magnetic Industry's net profit was 20.90 million yuan, increasing by 271.78% year-on-year [1] - Xinjiang Communications Construction reported a net profit of 255 million yuan, up 255.25% year-on-year [1] - Shennong Group achieved a net profit of 388 million yuan, a year-on-year increase of 212.65% [1] - Daikin Heavy Industries reported a net profit of 547 million yuan, up 214.32% year-on-year [1] - Fostar's net profit was 251 million yuan, increasing by 140.45% year-on-year [1] - Guohua Airlines achieved a net profit of 1.24 billion yuan, up 86.15% year-on-year [1] - China Electric Port reported a net profit of 181 million yuan, increasing by 64.98% year-on-year [1] - Ailisi's net profit was 1.051 billion yuan, up 60.22% year-on-year [1] - Zijin Mining reported a net profit of 23.292 billion yuan, a year-on-year increase of 54.41% [1] - Zhongke Chuangda achieved a net profit of 158 million yuan, up 51.84% year-on-year [1] - Sichuan Gold reported a net profit of 209 million yuan, increasing by 48.41% year-on-year [1] - Dongxing Securities achieved a net profit of 819 million yuan, up 42.12% year-on-year [1] - Fosun Pharma reported a net profit of 1.702 billion yuan, a year-on-year increase of 38.96% [1] - Kotec Power's net profit was 23.99 million yuan, increasing by 35.52% year-on-year [1] - Dongshan Precision reported a net profit of 758 million yuan, up 35.21% year-on-year [1] - Inspur Information achieved a net profit of 799 million yuan, a year-on-year increase of 34.87% [1] - Shenzhen Huaqiang reported a net profit of 236 million yuan, increasing by 33.45% year-on-year [1] - Conch Cement achieved a net profit of 4.368 billion yuan, up 31.34% year-on-year [1] - Jiuzhoutong reported a net profit of 1.446 billion yuan, increasing by 19.7% year-on-year [1] - Aofei Data achieved a net profit of 87.89 million yuan, a year-on-year increase of 16.09% [2] Decline and Loss - Huachang Chemical reported a net profit of 1.09 million yuan, a year-on-year decrease of 97.58% [2] - Meibang Apparel achieved a net profit of 993,030 yuan, down 87.07% year-on-year [2] - Toukeng Life reported a net profit of 275,930 yuan, a decrease of 58.41% year-on-year [2] - BlueFocus reported a net profit of 96.44 million yuan, down 47.33% year-on-year [2] - China Gold achieved a net profit of 31.9 million yuan, a decrease of 46.35% year-on-year [2] - Huaxi Biological reported a net profit of 22.1 million yuan, down 35.38% year-on-year [2] - Zhejiang New Energy achieved a net profit of 29.2 million yuan, down 34.65% year-on-year [2] - Hainan Mining reported a net profit of 28.1 million yuan, a decrease of 30.36% year-on-year [2] - Changying Precision achieved a net profit of 30.6 million yuan, down 29.37% year-on-year [2] - China Duty Free reported a net profit of 2.6 billion yuan, down 20.81% year-on-year [2] - Jiangling Motors achieved a net profit of 73.3 million yuan, down 18.17% year-on-year [2] - Donghua Software reported a net profit of 24.4 million yuan, down 15.78% year-on-year [2] - Hengda New Materials achieved a net profit of 3.4235 million yuan, down 12.68% year-on-year [2] - Yaoji Technology reported a net profit of 25.6 million yuan, down 9.98% year-on-year [2] - Ping An Insurance achieved a net profit of 68.047 billion yuan, down 8.8% year-on-year [2] - China Petroleum reported a net profit of 840.07 billion yuan, down 5.4% year-on-year [2] - 360 reported a net loss of 28.2 million yuan [2] - Electric Wind Power reported a net loss of 27.9 million yuan [2] Losses - Suzhou Keda reported a net loss of 21.7 million yuan [3] - Yuntian Lifa achieved a net loss of 20.6 million yuan [3] - Kosen Technology reported a net loss of 10.5 million yuan [3] - Xinyada reported a net loss of 5.2635 million yuan [3] - Chengfei Integration achieved a net loss of 1.49208 million yuan [3] - China Film reported a net loss of 11 million yuan, turning from profit to loss year-on-year [3]

广深市内免税店迎来新气象 探路新模式 "坐上跨境巴士半个钟左右，就可以来到这里买我喜欢的国产护肤品了，还可以直接办理退税，真的很方便。"来自香港的黄女士表示。8月26日，深圳市 内免税店正式开门迎客，同一天，广州的市内免税店也正式落地。这是在新一轮市内免税店扩围之下，再"上新"的两家市内免税店。 去年8月，财政部等五部门联合印发《关于完善市内免税店政策的通知》提出，在全国首批新设8家市内免税店，广州、深圳各占一席，加上此前已运营的 市内免税店，我国市内免税店版图将拓展至27家，分布在22个城市。而在广州和深圳新店开业之前，武汉首家市内免税店已于今年5月亮相。 当前，我国正通过多重举措大力推动"入境游"复苏，市内免税店被寄予将旅游流量转化为消费流量、挖掘免税业务新增长极的重要期望。不过，在全球消 费环境持续变化之下，当前市内免税店实际经营状况如何？又该如何实现突围？围绕这些核心问题，证券时报记者展开了实地走访与深度采访。 据记者实地观察，广州与深圳同日亮相的两家市内免税店，在运营模式、商品布局与选址策略上呈现诸多共性，同时又依托城市特色形成差异化亮点，为 区域免税消费市场注入新活力。 从运营模式来看，两地免税店 ...