中国中免上半年净利润同比降超两成

Core Insights - China Duty Free Group (中国中免) reported a decline in revenue and net profit for the first half of 2025, with revenue at 28.151 billion yuan, down 9.96% year-on-year, and net profit at 2.599 billion yuan, down 20.81% [2] Group 1: Business Performance - The company's main business revenue was 27.531 billion yuan, with offline revenue at 19.703 billion yuan and online revenue at 7.828 billion yuan [2] - The duty-free business in Hainan faced significant pressure, with duty-free shopping amounting to 16.76 billion yuan from January to June 2025, a decrease of 9.2% year-on-year, and the number of shoppers down 26.2% to 2.482 million [2] Group 2: Strategic Initiatives - In response to the challenges, the company expanded its business in Hainan by launching entertainment events and themed marketing IP activities, including star concerts and collaborations with brands like Disney [2] - The company won bids for several duty-free store operations at various ports, including Guangzhou Baiyun International Airport T3 terminal and multiple border ports [2] Group 3: International Expansion - The company secured operational rights for a pop-up store at Hong Kong International Airport and several duty-free stores in Macau, with plans to open these in the second half of the year [3] - The company entered the Vietnamese market with the opening of duty-free stores at Hanoi Noi Bai International Airport and Phu Quoc International Airport during the reporting period [3]