智通财经网·2025-08-27 06:15Core Viewpoint - China Duty Free Group (01880) experienced a decline of over 4%, with a current price of HKD 62.2 and a trading volume of HKD 203 million [1] Financial Performance - For the first half of 2025, the company reported revenue of RMB 28.151 billion, a year-on-year decrease of 9.96% [1] - Gross profit was RMB 8.99 billion, down 12.23% year-on-year [1] - Profit attributable to equity shareholders was approximately RMB 2.622 billion, reflecting a year-on-year decline of 20.68% [1] Market Position and Outlook - Dongwu Securities noted that the revenue decline in the second quarter has narrowed, but profitability remains under significant pressure [1] - The company maintains a solid market position as a leader in tourism retail, benefiting from the Hainan Free Trade Port's closure policy set for December 18, 2025, and the gradual establishment of duty-free shops [1] - Despite the current pressure on duty-free consumption demand, the long-term sales growth potential is expected to improve [1]