一方面业绩持续承压，另一方面中国中免仍在不断扩张，寻找新的业绩增长点。财报显示，报告期内，中国中免在海南省拥有6家离岛免税店。海南离岛免税销售呈现企稳态势，中国中免在海南 不仅如此，"开店"也是中国中免改善业绩的重要手段。财报显示，口岸渠道方面，中国中免成功中标广州白云国际机场T3航站楼出境免税店以及磨憨口岸、勐康口岸、猴桥口岸、打洛口岸、黑 除了口岸以及市内店渠道外，中国中免还把目光瞄向海外市场。报告期内，中国中免首次进入越南市场，河内内排国际机场与富国国际机场免税店开业。不难看出，中国中免正在加速扩大境外业 资深旅游专家王兴斌表示，在当前免税市场整体调整的背景下，尽管中国中免拥有较大的市场份额，但其业绩仍要面临挑战。为应对当前的市场竞争，中国中免可以采取加强宣传推广、推出促销 责任编辑：高佳 来源：北京商报 8月26日，中国旅游集团中免股份有限公司（以下简称"中国中免"）发布2025年半年度报告。报告期内，中国中免营收净利再次出现双降态势，分别同比下降9.96%、20.81%。在海南离岛免税 根据中国中免公布的最新财报，2025年上半年，中国中免实现营业收入281.51亿元，同比下降9.96%；归属于上市 ...

8月26日，中国旅游集团中免股份有限公司（以下简称"中国中免"）发布2025年半年度报告。报告期 内，中国中免营收净利再次出现双降态势，分别同比下降9.96%、20.81%。在海南离岛免税市场不断调 整的背景下，中国中免海南地区营业收入同比出现回落。但中国中免仍在持续通过扩大布局寻求增量， 一方面不断拓展市内免税店的版图，另一方面则到海外市场谋求生意。业内专家表示，中国中免业绩将 在一段时间内承压，未来可以通过推出促销优惠、持续探索新市场等方式改善业绩。 向市内店及海外市场寻增量 传统门店面临客流与复购率压力 一方面业绩持续承压，另一方面中国中免仍在不断扩张，寻找新的业绩增长点。 根据中国中免公布的最新财报，2025年上半年，中国中免实现营业收入281.51亿元，同比下降9.96%； 归属于上市公司股东的净利润26亿元，同比下降20.81%。同时，中国中免实现主营业务收入275.31亿 元，其中线下收入197.03亿元，线上收入78.28亿元。 在营收净利双降的背后，是海南离岛免税市场的持续调整。在此背景下，中国中免海南地区业务也较去 年同期出现回落。根据财报，2025年上半年，中国中免海南地区营业收入150 ...

8月26日，中国旅游集团中免股份有限公司（以下简称"中国中免"）发布2025年半年度报告。报告期 内，中国中免营收净利再次出现双降态势，分别同比下降9.96%、20.81%。在海南离岛免税市场不断调 整的背景下，中国中免海南地区营业收入同比出现回落。但中国中免仍在持续通过扩大布局寻求增量， 一方面不断拓展市内免税店的版图，另一方面则到海外市场谋求生意。业内专家表示，中国中免业绩将 在一段时间内承压，未来可以通过推出促销优惠、持续探索新市场等方式改善业绩。 向市内店及海外市场寻增量 一方面业绩持续承压，另一方面中国中免仍在不断扩张，寻找新的业绩增长点。 中国中免持续扩大其在海南离岛免税市场的份额。财报显示，报告期内，中国中免在海南省拥有6家离 岛免税店。海南离岛免税销售呈现企稳态势，中国中免在海南离岛免税市场的优势地位进一步稳固，市 场占有率同比提升近1个百分点。 不仅如此，"开店"也是中国中免改善业绩的重要手段。财报显示，口岸渠道方面，中国中免成功中标广 州白云国际机场T3航站楼出境免税店以及磨憨口岸、勐康口岸、猴桥口岸、打洛口岸、黑河口岸等多 家口岸免税店的经营权，进一步强化在国内大型国际机场及口岸的渠道优 ...

Core Viewpoint - The company is actively implementing the "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan to promote high-quality development and enhance investment value, in response to government initiatives and market demands [1][8]. Group 1: Action Plan Implementation - The company has made significant progress in enhancing operational quality, particularly in the Hainan duty-free market, where its market share has increased by nearly 1 percentage point year-on-year [1]. - The company has successfully secured operating rights for several duty-free stores at major airports, strengthening its channel advantages in domestic and international markets [2]. - The company emphasizes shareholder returns, distributing cash dividends of 10.5 yuan per 10 shares for the 2024 fiscal year, with a cash dividend ratio of 50.91%, totaling 2.17 billion yuan [2]. - The company is committed to technological innovation, having filed four patent applications and received 11 authorized patents, while also enhancing its digital procurement and supply chain systems [3][4]. Group 2: Future Development Focus - The company plans to continue focusing on stable operations and high-quality development by enhancing customer experience and optimizing channel layouts [5]. - The company aims to improve investor returns by balancing business growth with cash dividends, while also enhancing market confidence and company value [6]. - The company will leverage big data and AI technologies to improve operational efficiency and support business management [6][7]. - The company is dedicated to high-quality information disclosure and maintaining effective communication with investors, while also focusing on ESG principles [7][8].

Summary of Key Points Core Viewpoint - The company, Zhuhai Zhimian Group Co., Ltd., has announced a guarantee provided by its subsidiary, Zhuhai Duty-Free Group Co., Ltd., for a loan of up to RMB 200 million from Guangdong Nanyue Bank, with no existing guarantee balance prior to this announcement [1][2]. Group 1: Guarantee Details - The guarantee amount is capped at RMB 200 million, with a loan term of three years [1][2]. - As of the announcement date, the subsidiary has provided no prior guarantees [1]. - There are no overdue guarantees reported by the company [1][2]. Group 2: Company Financials - As of December 31, 2024, the company reported total assets of RMB 19.554 billion, total liabilities of RMB 16.110 billion, and a net asset value of RMB 1.165 billion [3]. - For the year 2024, the company achieved a revenue of RMB 5.277 billion but incurred a net loss of RMB 1.515 billion [3]. - As of March 31, 2025, total assets were RMB 18.517 billion, total liabilities were RMB 15.070 billion, and net assets were RMB 1.070 billion [3]. Group 3: Guarantee Agreement - The guarantee is for the principal amount and includes coverage for related costs such as legal fees and interest [4]. - The guarantee period extends three years from the maturity of the main debt [4]. - The total amount of external guarantees provided by the company, including subsidiaries, is RMB 8.221 billion, with no overdue guarantees [4].