Zhi Tong Cai Jing·2025-09-18 03:19Core Viewpoint - China Duty Free Group (601888)(01880) saw a stock increase of over 4%, currently at 65.05 HKD with a trading volume of 259 million HKD, indicating positive market sentiment towards the company amid regulatory and market developments [1] Group 1: Sales Performance - From January to August 2025, Haikou Customs reported a total duty-free sales amount of 20.43 billion CNY, with 3.148 million shoppers and 18.671 million items sold [1] - In August alone, the duty-free sales in Hainan reached approximately 2.105 billion CNY, reflecting a year-on-year decrease of 4.2%, although the decline rate has narrowed compared to previous months [1] Group 2: Market Outlook - According to Industrial Securities, the sales pressure in Hainan is expected to ease due to a gradually lowering base and increased efforts from the government and companies to stimulate sales [1] - The recovery of same-store sales in duty-free outlets and the expansion of new channels in both port and city stores suggest a potential turning point for the company's fundamentals [1] Group 3: Policy Measures - On September 16, the Ministry of Commerce and nine other departments released 19 measures aimed at expanding service consumption, including a series of promotional activities for service consumption [1] - As of the end of August, the number of duty-free shops for outbound tax refunds exceeded 10,000, three times the number at the end of 2024, with a 248% year-on-year increase in the number of tax refund beneficiaries and a 98% increase in tax refund sales from January to August [1]