China Exemption (601888): Achieved net profit of 2.3 billion yuan in 24Q1, improved profitability, and focused on subsequent passenger flow and consumption recovery

Incident: The company released a quarterly report. In 24Q1, it achieved revenue of 18.807 billion yuan/yoy -9.45%, operating profit of 2,908 billion yuan/yoy -7.78%, and net profit of 2,306 billion yuan/y

方正證券Apr 25 20:21

Beishui raised more than HK$500 million from the Bank of China and sold Meituan for nearly HK$800 million; Nanshui bought CMB for nearly 700 million yuan

On April 25 (Thursday), Southwest Capital made net purchases of Hong Kong stocks of HK$1.88 billion today. The Hong Kong Stock Exchange and Tencent Holdings received net purchases of HK$407 million and HK$222 million respectively.

Futu NewsApr 25 17:44

Research Report: Shanxi Securities: China Free Inventory Improves, Profitability Improves, Maintains “Buy-B” Rating

Gelonghui, April 25 | Shanxi Securities Research Report pointed out that China Finance (601888.SH) 2024Q1's revenue declined slightly, and net profit to mother remained basically the same as the same period last year. The main reason was that the company began cracking down on purchasing agents in April 2023, updating membership point rules, adjusting discount levels, improving product structure, and gradually increasing customer unit prices and profit margins. Procurement costs increased during the same period last year due to fluctuations in the RMB exchange rate, which put pressure on gross margins. Exchange rate fluctuations in the current period were well controlled, and profitability improved year-on-year. The company's inventory during the period was 1,759 billion yuan, down 16.45% month-on-month, and inventory improved

Gelonghui FinanceApr 25 15:56

China Tourism Group Duty Free H-Share Target Price Raised to HK$94.00 From HK$64.60 >601888.SH

China Tourism Group Duty Free H-Share Target Price Raised to HK$94.00 From HK$64.60 >601888.SH

Dow JonesApr 25 15:41

China Exemption (601888) 2024 Quarterly Report Review: Improved inventory, improved profitability, and the recovery of the entry/exit market may be a major contributor

The incident described that the company released financial report for the first quarter of 2024. During the period, it achieved revenue of 18.808 billion yuan/ -9.45%, net profit to mother of 2,306 billion yuan/ +0.25%, net profit of 2,209 billion yuan/

山西證券Apr 25 13:21

Ping An Securities released a research report on April 24 stating that it gave China a recommended rating for China's China Free Insurance (601888.SH). The main reasons for the rating include: 1) the company's profit margin level continues to pick up unde

Ping An Securities released a research report on April 24 stating that it gave China a recommended rating for China's China Free Insurance (601888.SH). The main reasons for the rating include: 1) the company's profit margin level continues to pick up under the influence of various factors; 2) the company's entry/exit duty-free business has resumed, and the Hainan business has returned to a normal development track, while the company continues to improve operations, enhance shopping experience, and raise competitive barriers. (Mainichi Keizai Shimbun)

Zhitong FinanceApr 25 07:43