转自：智通财经 【中国中免：海南离岛免税新政拉动购物金额同比增34.86%】智通财经12月8日电，中国中免在互动平 台表示，离岛免税新政已于11月1日开始执行，进一步增加免税品类和扩大覆盖人群，海口海关统计数 据显示，11月1-7日，海口海关共监管海南省离岛免税购物金额5.06亿元，购物人数7.29万人次，同比分 别增长34.86%、3.37%，政策拉动效应初步显现。口岸免税店和市内免税店也将按照新政要求，积极推 动国产品销售，进一步扩大免税店经营品类，丰富旅客购物选择，并提供网上预定服务，持续提升旅客 免税购物体验。 ...

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，概不對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） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國旅遊集團中免股份有限公司在上海證券交易所網站刊登的《中國旅遊 集團中免股份有限公司2025年前三季度權益分派實施公告》，僅供參閱。 特此公告。 承董事會命 中國旅遊集團中免股份有限公司 董事會主席 范雲軍先生 中國•北京 2025年12月8日 A 股每股现金红利人民币0.25元（含税） 於本公告日期，董事會成員包括非執行董事范雲軍先生及劉昆女士，執行董事常 築軍先生、王月浩先生及王軒先生及獨立非執行董事葛明先生、王瑛女士及王強 先生。 证券代码：601888 证券简称：中国中免 公告编号：临 2025-037 ...

Core Viewpoint - The new offshore duty-free policy in China, effective from November 1, aims to expand the range of duty-free products and increase the number of eligible consumers, showing initial positive effects on sales and customer engagement [1] Group 1: Policy Implementation - The new offshore duty-free policy began on November 1, enhancing the variety of duty-free products and broadening the consumer base [1] - The Haikou Customs reported that from November 1 to 7, the total amount of duty-free shopping in Hainan reached 506 million yuan, with 72,900 shoppers, marking year-on-year increases of 34.86% and 3.37% respectively, indicating the policy's initial impact [1] Group 2: Retail Strategy - Duty-free shops at ports and in cities will actively promote the sale of domestic products in accordance with the new policy [1] - The expansion of product categories in duty-free stores aims to enhance shopping options for travelers and improve the overall shopping experience through online reservation services [1]

证券代码：601888 证券简称：中国中免 公告编号：临 2025-037 中国旅游集团中免股份有限公司 2025年前三季度权益分派实施公告 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： 每股分配比例 A 股每股现金红利人民币0.25元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/12/15 | － | 2025/12/16 | 2025/12/16 | 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 11 月 24 日的2025年第一次临时股东会审议 通过。 二、 分配方案 1. 发放年度：2025年前三季度 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/12/15 | － | 2025/1 ...

本次权益分派股权登记日为：2025年12月15日，除权除息日为：2025年12月16日。 格隆汇12月8日丨中国中免(601888.SH)发布2025年前三季度权益分派实施公告，本次利润分配以方案实 施前的公司总股本20.69亿股为基数，每股派发现金红利人民币0.25元（含税），共计派发现金红利人民 币5.17亿元（含税）。 ...

格隆汇12月8日丨中国中免(601888.SH)发布2025年前三季度权益分派实施公告，本次利润分配以方案实 施前的公司总股本20.69亿股为基数，每股派发现金红利人民币0.25元（含税），共计派发现金红利人民 币5.17亿元（含税）。 本次权益分派股权登记日为：2025年12月15日，除权除息日为：2025年12月16日。 ...

证券之星消息，12月8日旅游零售板块较上一交易日上涨1.35%，中国中免领涨。当日上证指数报收于 3924.08，上涨0.54%。深证成指报收于13329.99，上涨1.39%。旅游零售板块个股涨跌见下表： 从资金流向上来看，当日旅游零售板块主力资金净流出1716.62万元，游资资金净流入1.28亿元，散户资 金净流出1.11亿元。旅游零售板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 名称 主力净流入 (元) 主力净占比 游资净流入 (元) 游资净占比 散户净流入 (元) 散户净占比 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 601888 中国中免 | -1716.62万 | -0.67% | 1.28亿 | 4.98% | -1.11亿 | -4.31% | | 【大】【大】【。 八丁】【一】【日】【，】【十】【六】【六】【 | | | | | | | | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | ...

Core Viewpoint - The report from CICC highlights that China Duty Free Group (CDFG) is the most competitive bidder for the duty-free shops at Shanghai's Pudong and Hongqiao airports, with the bidding process initiated on November 17 and opening on December 9 [1] Group 1: Competitive Position - CDFG's core competitive advantages include scale, supply chain, operations, channels, and talent [1] - Historical examples include CDFG winning bids at Beijing Capital Airport T3 and Daxing Airport despite not having the highest financial scores, due to superior technical scores [1] - CDFG's market share has increased in Hainan over the past few years, demonstrating its competitive strength [1] Group 2: Growth Potential - The growth rate of offshore duty-free sales is accelerating, with new policies expected to bring additional growth potential [1] - CICC has raised the target prices for CDFG's A/H shares by 13% and 18% to 93 RMB and 86 HKD, respectively, reflecting a corresponding P/E of 35x and 29x for 2026, indicating a potential upside of 15% and 16% [1]

Core Viewpoint - The report from CICC highlights that Shanghai Airport has initiated the bidding process for duty-free shops at Pudong and Hongqiao International Airports, with the opening date set for December 9. China Duty Free Group (CDFG) is identified as the most competitive bidder, and a 100% ownership structure could enhance net profit attributable to shareholders [1] Group 1: Competitive Position - CDFG's core competitive advantages include scale, supply chain, operations, channels, and talent [1] - Historical examples include CDFG winning bids at Beijing Capital Airport T3 and Daxing Airport despite not having the highest financial scores, due to superior technical scores [1] - CDFG's market share has increased in Hainan over the past few years, demonstrating its competitive strength [1] Group 2: Market Potential - The growth rate of offshore duty-free sales is accelerating, and there is potential for incremental growth driven by new policies [1] - Current A/H share prices correspond to 31x/25x 2026 P/E ratios [1] - The target prices for A/H shares have been raised by 13%/18% to 93 CNY/86 HKD, reflecting a corresponding 35x/29x 2026 P/E and an upside potential of 15%/16% [1]

Group 1 - The core point of the news is that China Duty Free Group has rejected the bid qualification of Sunrise Duty Free (Shanghai) Co., Ltd. for the duty-free projects at Shanghai Pudong and Hongqiao International Airports, potentially leading to the exit of this foreign brand from the Shanghai airport duty-free business after 26 years [1] - In 2018, China Duty Free Group acquired a 51% stake in Sunrise Shanghai, becoming the controlling shareholder, which raises questions about why it opposed Sunrise's participation in the airport duty-free project [1] - Investors speculate that this move indicates a shift in the competitive landscape of airport duty-free channels in China, with China Duty Free Group likely aiming to bid directly for the projects instead of allowing its subsidiary to compete [1] Group 2 - China Duty Free Group reported a revenue of 39.862 billion yuan for Q3 2025, a year-on-year decrease of 7.34%, and a net profit of 3.052 billion yuan, down 22.13% [2] - The company's H1 2025 report showed a total revenue of 28.151 billion yuan, a decline of 9.96%, and a net profit of 2.6 billion yuan, down 20.81% [2] - In 2024, the company experienced a revenue of 56.474 billion yuan, a year-on-year decrease of 16.38%, and a net profit of 4.267 billion yuan, down 36.44% [2] - The company's stock performance has been weak, with a closing price of 81.02 yuan per share on December 5, 2023, and a total market capitalization of 167.6 billion yuan, which has dropped over 70% from its peak market value of 740 billion yuan in 2021 [2]