China Exemption (601888): Performance is in line with expectations, focusing on improving profitability
Incident: China Free released its report for the first quarter of 2024. During the reporting period, the company achieved operating income of 18.807 billion yuan, a year-on-year decrease of 9.45%; net profit of 2,306 billion yuan, an increase of 0.25% over the previous year. Stable port channels
China Free (601888) 2014 Quarterly Report Review: Excellent revenue and profit performance under pressure, emphasis is placed on port stores and profit improvement flexibility
Incident: The company disclosed its quarterly report for 2014. Under pressure, revenue and profit performance was excellent: 24Q1 achieved revenue of 18.807 billion yuan/-9.45% YoY, +12.6% month-on-month; net profit to mother of 2,306 billion yuan/year over year
China **** (601888): Category structure optimization, profit level increased significantly
Investment highlights: The company announced its 2024 quarterly report, and the performance was in line with market expectations. The company achieved revenue of 18.807 billion yuan in the first quarter, a year-on-year decrease of 9.4%, and achieved net profit of 2,306 billion yuan to mother, an increase of 0.25 billion yuan over the previous year
Beishui added nearly HK$800 million to sell Meituan for over HK$1.5 billion; Nanshui bought Ping An of China for over HK$500 million
On April 24 (Wednesday), Southbound made net purchases of HK$1,995 million in Hong Kong stocks today. The Hong Kong Stock Exchange and China Mobile received net purchases of HK$736 million and HK$494 million respectively.
Research Report Nuggets丨Ping An Securities: Maintaining China's “Recommended” rating for China's exemption is expected to usher in a gradual recovery in sales
Gelonghui, April 24 | Ping An Securities Research Report indicates that the Q1 revenue of China's free account (601888.SH) was 18.807 billion yuan, down 9.45% year on year, and net profit attributable to mother increased 0.25% year on year to 2,306 billion yuan. Based on the competitive advantages that the company has accumulated over a long period of time, considering the rapid and steady recovery of inbound and outbound flights and passenger flow since 2023, the company is expected to usher in a gradual recovery in sales as people's willingness to spend recovers and social inventory is digested. The company is a leading global travel retail company. There are few comparable domestic companies. Currently, the valuation is low since 2019. Consider 2024
Depth* Company* China Exemption (601888): Gross margin continues to increase, and port channel repair can be expected
The company released its results report for the first quarter of 2024. The 24Q1 company achieved revenue of 18.807 billion yuan, -9.45% year on year; net profit to mother of 2,306 billion yuan, +0.25% year over year; net profit not attributable to mother 22