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中国中免跌2.01%,成交额13.55亿元,主力资金净流出1.43亿元
Xin Lang Cai Jing· 2025-10-10 06:38
10月10日,中国中免盘中下跌2.01%,截至14:16,报68.26元/股,成交13.55亿元,换手率1.00%,总市 值1412.20亿元。 资金流向方面,主力资金净流出1.43亿元,特大单买入1.44亿元,占比10.60%,卖出2.23亿元,占比 16.47%;大单买入3.25亿元,占比24.00%,卖出3.89亿元,占比28.71%。 今年以来中国中免已经1次登上龙虎榜,最近一次登上龙虎榜为4月10日。 分红方面,中国中免A股上市后累计派现184.05亿元。近三年,累计派现72.41亿元。 机构持仓方面,截止2025年6月30日,中国中免十大流通股东中,香港中央结算有限公司位居第三大流 通股东,持股8266.00万股,相比上期增加1572.85万股。景顺长城新兴成长混合A(260108)位居第五 大流通股东,持股2060.00万股,持股数量较上期不变。华夏上证50ETF(510050)位居第六大流通股 东,持股1914.72万股,相比上期增加127.86万股。华泰柏瑞沪深300ETF(510300)位居第七大流通股 东,持股1733.39万股,相比上期增加149.79万股。易方达沪深300ETF(51 ...
工行成都分行为“免税购物消费”注入金融活水
Zhong Guo Jin Rong Xin Xi Wang· 2025-10-05 02:36
Group 1 - The "Fourth China (Sichuan) International Panda Consumption Festival" coincided with the opening of Chengdu's first city duty-free store, marking a significant event for promoting consumption and high-level opening-up in Sichuan [1] - The festival features a 13-day event combining the duty-free store opening, the Mid-Autumn Festival, and National Day, creating a new consumption scene that integrates product exhibitions, technology experiences, and cultural interactions [1] - The Chengdu city duty-free store operates under a "duty-free + taxable" dual-track model, offering both international brands and local specialties, enhancing the retail experience with global quality and local culture [2] Group 2 - The Chengdu city duty-free store is expected to stimulate urban consumption potential, improve consumer experience, and promote consumption upgrades [2] - The store's duty-free area includes categories such as cosmetics, beverages, fashion items, watches, jewelry, and travel electronics, catering to travelers departing within 60 days [2] - The Industrial and Commercial Bank of China (ICBC) Chengdu Branch has equipped the duty-free store with multiple POS machines to facilitate payment options for international customers [3]
成都首家市内免税店开业
Sou Hu Cai Jing· 2025-09-25 08:24
Core Points - Chengdu's first city duty-free store opened on September 25, located in the Chunxi Road business district, featuring both duty-free and duty-paid sections [1] - The duty-free products account for 45% of the store's offerings, available to travelers with valid exit documents and proof of departure within 60 days, exempting them from import duties, VAT, and consumption tax [1] - The duty-paid products make up 55% of the store's inventory, accessible to the general public, and the store offers a "buy now, refund later" service for these items [1] Industry Insights - The opening of the duty-free store in Chengdu reflects a growing trend in the retail sector, catering to both local consumers and international travelers [1] - The dual structure of duty-free and duty-paid sections indicates a strategic approach to attract a wider customer base, enhancing the shopping experience in urban areas [1]
中国中免涨2.01%,成交额24.71亿元,主力资金净流出8931.42万元
Xin Lang Cai Jing· 2025-09-19 05:37
Group 1 - The stock price of China Duty Free Group (中国中免) increased by 2.01% on September 19, reaching 73.12 CNY per share, with a trading volume of 2.471 billion CNY and a turnover rate of 1.77%, resulting in a total market capitalization of 151.275 billion CNY [1] - Year-to-date, the stock price has risen by 10.86%, with a 3.86% increase over the last five trading days, an 8.36% increase over the last 20 days, and a 20.68% increase over the last 60 days [2] - The company has a primary business focus on tourism retail, with 72.26% of revenue from duty-free sales, 25.54% from taxable goods, and 2.20% from other sources [2] Group 2 - As of June 30, the number of shareholders for China Duty Free Group was 289,700, a decrease of 4.30% from the previous period, with an average of 0 circulating shares per shareholder [3] - For the first half of 2025, the company reported operating revenue of 28.151 billion CNY, a year-on-year decrease of 9.96%, and a net profit attributable to shareholders of 2.600 billion CNY, down 20.81% year-on-year [3] - The company has distributed a total of 18.405 billion CNY in dividends since its A-share listing, with 7.241 billion CNY distributed over the last three years [4] Group 3 - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder with 82.66 million shares, an increase of 15.7285 million shares from the previous period [4] - Other significant shareholders include Invesco Great Wall New Growth Mixed Fund and Huaxia SSE 50 ETF, with respective holdings of 20.60 million shares and 19.1472 million shares, both showing increases from the previous period [4]
中国中免涨2.02%,成交额3.44亿元,主力资金净流入2417.53万元
Xin Lang Zheng Quan· 2025-09-16 01:46
Group 1 - The stock price of China Duty Free Group (中国中免) increased by 2.02% on September 16, reaching 71.35 CNY per share, with a trading volume of 344 million CNY and a market capitalization of 147.613 billion CNY [1] - Year-to-date, the stock price has risen by 8.17%, with a 0.46% increase over the last five trading days, an 8.55% increase over the last 20 days, and a 17.20% increase over the last 60 days [1] - The company has appeared on the "龙虎榜" (a stock market leaderboard) once this year, with the most recent appearance on April 10 [1] Group 2 - China Duty Free Group, established on March 28, 2008, and listed on October 15, 2009, primarily engages in the retail of tourism products and related services [2] - The company's main business segments include tourism retail, which accounts for 72.26% of revenue from duty-free and taxable goods, and tourism retail complex investment and development [2] - As of June 30, 2025, the company reported a revenue of 28.151 billion CNY, a year-on-year decrease of 9.96%, and a net profit attributable to shareholders of 2.600 billion CNY, down 20.81% year-on-year [2] Group 3 - Since its A-share listing, China Duty Free Group has distributed a total of 18.405 billion CNY in dividends, with 7.241 billion CNY distributed over the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 82.66 million shares, an increase of 15.7285 million shares from the previous period [3] - Other significant shareholders include Invesco Great Wall New Growth Mixed Fund and various ETFs, with increases in their holdings compared to the previous period [3]
“市内免税店”多城开花 “中国购”效应三重溢出
2 1 Shi Ji Jing Ji Bao Dao· 2025-09-05 08:21
Core Viewpoint - The establishment of city duty-free shops is becoming a new trend in China, aimed at boosting domestic consumption and attracting inbound tourists [7][12]. Group 1: Expansion of City Duty-Free Shops - The first city duty-free shop in Guangzhou opened on August 26, followed by Shenzhen's largest city duty-free shop on the same day, covering nearly 3,000 square meters [3][5]. - Other cities like Changsha and Chengdu are also set to open their first city duty-free shops in September and October, respectively [4][8]. - The recent policy changes have allowed for the establishment of 21 new city duty-free shops across various cities, transitioning from traditional airport and port locations to urban centers [7][10]. Group 2: Consumer Trends and Shopping Experience - City duty-free shops offer both duty-free and taxable products, allowing for a broader consumer base, including both domestic and international shoppers [9][15]. - The strategic locations of these shops in urban consumer hubs enhance accessibility and shopping experience for tourists [10][16]. - The introduction of local specialty products in these shops reflects a new direction in duty-free retail, catering to both international tourists and local consumers [10][17]. Group 3: Economic Impact and Growth Potential - The rise of city duty-free shops is expected to generate significant economic benefits, including increased consumer spending from inbound tourists [13][14]. - The growth of the duty-free market in China is projected to reach a compound annual growth rate of 53.8%, with the market size expected to hit 332.9 billion yuan by 2026 [14]. - The flexibility of city duty-free shops allows for a more effective conversion of tourist foot traffic into sales compared to traditional airport shops [15][20]. Group 4: Local Brand Development and International Exposure - City duty-free shops provide a platform for local brands to showcase their products to international tourists, enhancing brand visibility and potential for global market entry [17][24]. - The demand from inbound tourists for high-quality and unique products is driving local manufacturers to upgrade their offerings [17][23]. - The operational strategies of these shops are closely tied to the ability of cities to attract and convert foreign tourists into consumers [20][22].
中国中免(601888):Q2降幅收窄,期待经营回暖
Ping An Securities· 2025-09-01 07:35
Investment Rating - The report maintains a "Recommended" investment rating for the company, indicating an expectation of stock performance exceeding market performance by 10% to 20% over the next six months [9]. Core Views - The company is expected to see a recovery in operations as the decline in revenue narrows, with a focus on improving consumer demand and enhancing service quality [6][7]. - The company reported a revenue of 281.51 billion RMB for the first half of 2025, reflecting a year-over-year decline of 9.96%, with a net profit of 26.00 billion RMB, down 20.81% [3][6]. - The company is actively expanding its market presence, with plans to open new stores and enhance its brand portfolio, particularly in the Hainan region [7]. Summary by Sections Financial Performance - In the first half of 2025, the company achieved a revenue of 281.51 billion RMB, with a net profit of 26.00 billion RMB, and a basic EPS of 1.26 RMB [3][6]. - The second quarter revenue decreased by 8.45% to 114.05 billion RMB, with a net profit decline of 32.21% to 6.62 billion RMB [3][6]. Market Dynamics - The Hainan duty-free market is showing signs of stabilization, with a reduction in the decline of sales and an increase in per capita shopping amounts [6][7]. - The company has strengthened its market position in Hainan, with a market share increase of nearly 1 percentage point year-over-year [7]. Strategic Initiatives - The company is focusing on integrating cultural and tourism experiences with its retail offerings, introducing new brands and enhancing customer engagement through various marketing initiatives [7]. - The company has successfully expanded its operations to international markets, including new stores in Hong Kong and Vietnam, and is promoting domestic brands abroad [7]. Future Projections - The revenue forecasts for 2025 to 2027 have been adjusted to 47 billion RMB, 56 billion RMB, and 61 billion RMB respectively, reflecting a cautious outlook based on current market conditions [7].
中国中免涨2.09%,成交额4.57亿元,主力资金净流出290.72万元
Xin Lang Cai Jing· 2025-08-29 02:04
Company Overview - China Duty Free Group Co., Ltd. is primarily engaged in the retail of tourism products and related services, with its main business divided into two departments: tourism retail and tourism retail complex investment and development [2] - The company's revenue composition includes 68.47% from duty-free sales, 30.27% from taxable sales, and 1.26% from other sources [2] - As of June 30, 2025, the number of shareholders was 289,700, a decrease of 4.30% from the previous period [2] Financial Performance - For the first half of 2025, the company reported operating revenue of 28.151 billion yuan, a year-on-year decrease of 9.96%, and a net profit attributable to shareholders of 2.600 billion yuan, down 20.81% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 18.405 billion yuan, with 7.241 billion yuan distributed over the last three years [3] Stock Market Activity - On August 29, the stock price increased by 2.09%, reaching 70.36 yuan per share, with a trading volume of 4.57 billion yuan and a turnover rate of 0.33%, resulting in a total market capitalization of 145.565 billion yuan [1] - Year-to-date, the stock price has risen by 6.67%, with a 4.27% increase over the last five trading days, 8.93% over the last 20 days, and 16.18% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on April 10 [1] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, holding 82.66 million shares, an increase of 15.7285 million shares from the previous period [3] - Other notable shareholders include Invesco Great Wall New Growth Mixed A and various ETFs, with increases in their holdings compared to the previous period [3]
中国中免(601888):离岛免税降幅收窄 市内免税店有望贡献增量
Ge Long Hui· 2025-08-28 12:10
Group 1 - The company reported a revenue of 28.151 billion yuan for H1 2025, a decrease of 9.96% year-on-year, with a net profit attributable to shareholders of 2.6 billion yuan, down 20.81% [1] - In Q2 2025, the company achieved a revenue of 11.405 billion yuan, a decline of 8.45%, and a net profit of 662 million yuan, down 32.21% [1] - The sales revenue from duty-free and taxable goods for H1 2025 was 20.3 billion yuan and 7.2 billion yuan, respectively, representing a year-on-year decrease of 6.1% and 21.5% [1] Group 2 - The comprehensive gross margin for H1 2025 was 32.8%, a decrease of 0.8 percentage points, with duty-free and taxable gross margins at 39.0% and 13.1%, respectively [2] - The shopping conversion rate for duty-free shopping in Hainan was 13.6%, down 4.5 percentage points, with a total of 18.31 million outbound travelers recorded, a decrease of 1.6% [2] - The average spending per customer increased by 22% to 6,594 yuan, despite a decline in shopping frequency and total shopping amount [2] Group 3 - The company is expected to benefit from the orderly advancement of new projects in Hainan and the recovery of inbound and outbound duty-free sales [3] - The projected net profits attributable to shareholders for 2025, 2026, and 2027 are 4.3 billion yuan, 4.9 billion yuan, and 5.5 billion yuan, respectively [3] - The company maintains a "buy" rating due to its strong market position and operational advantages despite short-term economic challenges [3]
中国中免(601888):离岛免税降幅收窄,市内免税店有望贡献增量
NORTHEAST SECURITIES· 2025-08-27 08:44
Investment Rating - The report maintains a "Buy" rating for the company, indicating an expectation of stock price appreciation exceeding 15% over the next six months [6]. Core Views - The report highlights a narrowing decline in offshore duty-free sales, with expectations for city duty-free stores to contribute incremental growth. The company is positioned to benefit from the recovery in inbound and outbound duty-free shopping as new stores open [3][6]. - Despite short-term growth challenges due to macroeconomic fluctuations, the long-term outlook remains positive, with projected net profits for 2025, 2026, and 2027 at 4.3 billion, 4.9 billion, and 5.5 billion yuan respectively [3][5]. Financial Performance Summary - For the first half of 2025, the company reported revenue of 28.151 billion yuan, a decrease of 9.96% year-on-year, and a net profit of 2.6 billion yuan, down 20.81% [1]. - The company's gross margin slightly declined to 32.8%, with duty-free and taxable goods gross margins at 39.0% and 13.1%, respectively [2]. - The report indicates a mixed performance across different sales channels, with city store revenue at 10.34 billion yuan, down 14%, but with a net profit increase of 13% [2][3]. Sales and Market Trends - The report notes a 1.6% decline in outbound travelers from Hainan, with a shopping conversion rate of 13.6%, down 4.5 percentage points [3]. - The average spending per customer increased by 22% to 6,594 yuan, despite a decrease in shopping frequency [3]. - New city duty-free stores are expected to enhance sales, with several locations in cities like Guangzhou and Shenzhen recently opening [3]. Future Projections - Revenue projections for the company are set at 60.026 billion yuan for 2025, with a growth rate of 6.29% [5]. - The net profit is expected to stabilize and grow in the coming years, with a forecasted increase in net profit margin to 7.6% by 2027 [5][14].