Zheng Quan Ri Bao·2026-01-19 11:37Core Viewpoint - Zhuhai Duty-Free Group Co., Ltd. (hereinafter referred to as "the company") has announced its 2025 performance forecast, indicating a significant reduction in losses despite ongoing challenges from its real estate business, which is now considered a past issue [2][3]. Financial Performance - The company expects a net profit attributable to shareholders of between -1.18 billion to -0.92 billion yuan for 2025, reflecting a year-on-year reduction in losses of 22.09% to 39.25% [2]. - The core factor affecting performance is the residual impact of the real estate business, although the company has accelerated its divestment from this sector [2]. - The net profit, excluding non-recurring gains and losses, is projected to show a reduction in losses of 39.42% to 53.42% [2]. Business Focus and Strategy - Following the divestment of its real estate business, the company is now fully focused on its duty-free operations, which have become the core of its business model [3][4]. - The company has established a comprehensive duty-free network across various ports, including land, water, and airport locations, achieving full coverage of key port hubs in Zhuhai [4]. - The company is expanding its operations beyond Zhuhai, with strategic projects like the Sanya Bay No. 1 commercial project in Hainan Free Trade Port, supported by resources from Huafa Group [4]. Future Outlook - The company plans to continue monitoring duty-free industry policies, seize development opportunities, expand product categories, optimize store efficiency, and enhance digital construction to improve operational quality and profitability in 2026 [4].