Minority Shareholders can't wait three years? Hainan Development Holdings Nanhai's duty-free Assets injection faces another reversal as the controlling Shareholder's delay is unsuccessful | Quick read announcement.
① The proposal for Hainan Development Holdings Nanhai's controlling shareholder to postpone the fulfillment of the Duty Free Shop Concept asset injection commitment was not approved by the shareholders' meeting; ② In 2020, the company's controlling shareholder changed to Hainan Holdings, and the Duty Free Shop Concept became a major trend in the market that year, leading Hainan Development to become a strong stock; ③ After a second reversal, there is now less than a month until the originally scheduled commitment expiration date, making the future direction of this event worth watching.
Shanghai Bailian Group's revenue exceeded 27.6 billion yuan last year, and the number of departure tax refund invoices in the first quarter of this year increased by over 150%|Interpretations
① Shanghai Bailian Group achieved a revenue of 27.675 billion yuan, a year-on-year decrease of 9.32%. ② In the first quarter of 2025, Shanghai Bailian Group's departure tax refund business performed impressively, with the number of invoices and amounts increasing by 152% and 64% year-on-year, respectively.
Former chairman Lu Jun was investigated. After Gree Real Estate changes hands to Huafa, where will it head?
① Gree Real Estate, which plans to exit the Real Estate Development Business, has become the focus of market attention due to the investigation of its former chairman and the transfer of its controlling Shareholder to Huafa Group. ② As Gree Real Estate completely bids farewell to its core Real Estate Development business, it remains to be seen whether it can achieve breakthroughs in the duty-free market by relying on the CNI Resource Index of Huafa Group.
Express News | China Tourism Group Duty Free Corporation's Listed in Hong Kong stock has surged in the afternoon, currently up over 11%; China Tourism Group Duty Free Corporation's A shares are currently up over 7%.
Brokerage morning meeting highlights: Countermeasures against tariffs boost Shenzhen Agricultural Products Group prices, the planting chain directly benefits.
At today's Brokerage morning meeting, CITIC SEC believes that countermeasures against tariffs boost the prices of Shenzhen Agricultural Products Group, which directly benefits the planting chain; HAITONG SEC proposed a bullish view on the relative yields of the Banks Sector in April; Galaxy Securities stated that it focuses on Gold and countermeasures against rare earths.
China Tourism Group Duty Free Corporation's revenue and net profit both decreased in 2024. Industry insiders expect that "this year's offshore duty-free sales will drop by another 20%" | Interpretations
China Tourism Group Duty Free Corporation announced that in 2024, it will achieve revenue of 56.474 billion yuan, a year-on-year decrease of 16.38%; the net income attributable to shareholders of the listed company will be 4.267 billion yuan, a year-on-year decrease of 36.44%; analysts expect that this year's sales of duty-free goods in Hainan will further decrease by about 25% compared to 2024.