智通财经网·2026-03-20 10:09Core Viewpoint - China Duty Free Group (01880) reported a total operating revenue of RMB 53.694 billion for the fiscal year 2025, representing a year-on-year decrease of 4.92% [1] - The net profit attributable to shareholders was RMB 3.586 billion, down 15.97% year-on-year, with basic earnings per share at RMB 1.7332 [1] Financial Performance - The company's gross profit margin and operational efficiency improved, with the gross profit margin increasing by 0.51 percentage points year-on-year [1] - Inventory turnover rate increased by approximately 10% year-on-year [1] - In Q4 2025, the gross profit margin rose by 4.12 percentage points year-on-year [1] - After accounting for goodwill impairment, the net profit attributable to the parent company in Q4 2025 increased by 150.63% year-on-year [1] Strategic Initiatives - The company capitalized on the new duty-free policies in Hainan and the official closure of the entire Hainan island, achieving record sales and customer traffic in key stores during the Spring Festival [1] - The company is steadily advancing key projects related to equity and asset acquisitions, effectively transitioning and opening key airport stores to capture domestic consumption recovery and increased global tourist demand [1]