Core Viewpoint - China Duty Free Group (01880) reported a decline in revenue and net profit for the first three quarters of 2025, indicating challenges in the duty-free market despite ongoing strategic innovations and consumer engagement efforts [1] Financial Performance - The company achieved operating revenue of 39.862 billion yuan, a year-on-year decrease of 7.34% [1] - The net profit attributable to shareholders was 3.052 billion yuan, down 22.13% year-on-year [1] - Basic earnings per share stood at 1.4752 yuan [1] Strategic Initiatives - The company continues to focus on its duty-free business while deepening the "product + scene + service" innovation model to adapt to changing consumer demands [1] - In the Hainan region, stores are enhancing the integration of "duty-free + cultural tourism" to create a robust first-store matrix [1] - Notable initiatives include the introduction of the first national exhibition of Pop Mart's DIMOO "Natural Shapes" theme and the first Disney pop-up store in Sanya [1] Market Trends - Hainan's monthly sales for offshore duty-free shopping saw a year-on-year increase of 3.4% as of September 2025, marking a return to positive growth for the first time in nearly 18 months [1]
中国中免(01880)前三季度归母净利润30.52亿元 同比减少22.13%