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Hainan's offshore duty-free pressure, China Tourism Group Duty Free Corporation's revenue and net profit both declined. Analysts believe that the impact of the new tax-free policy in the city is limited. | Interpretations of financial reports
①This year, China Tourism Group Duty Free Corporation's revenue decreased by 12.81% YoY, and net income attributable to shareholders decreased by 15.07% YoY; ②Recently, several departments issued a notice on improving the policy of downtown duty-free shops, and the Hainan Provincial Department of Commerce hosted the distribution of Hainan Province's 'flight ticket + duty-free' consumer vouchers; ③Analysts believe that the new policy of downtown duty-free shops has a narrow range of customer base and limited impact on the duty-free market.
Due to the slowdown in consumer demand, the revenue and non-GAAP net income of Inner Mongolia Yili Industrial Group have decreased by 9.53% and 12.81% respectively. | Finance Report News
Due to the oversupply of raw milk, the retail price of dairy products has declined, and at the same time, consumer demand has slowed down, resulting in a decline in the company's product sales volume. This has dragged down the year-on-year revenue of Inner Mongolia Yili Industrial Group by 9.53%, and the non-GAAP net income by 12.81%.
Overseas income grew rapidly, coupled with cost reduction and efficiency improvement, sany heavy industry's net income in H1 increased slightly year-on-year | Financial report interpretation
1. Sany Heavy Industry's revenue in the first half of the year decreased by 1.95% year-on-year, while net income increased by 4.80% year-on-year. 2. In the first half of the year, the company's Indonesia factory completed the expansion of phase two, while the phase two factories in India and South Africa are under orderly construction.
Longi green energy technology and Tongwei co.,ltd postponed their mid-term reports. The five leading photovoltaic companies will submit their reports tomorrow evening.
① Two leading photovoltaic companies announced on the same day that the interim report disclosure was postponed by one day. Tomorrow night, the top five leading photovoltaic companies will release their interim reports at the same time. ② The continuous decline in prices of main products in the first half of the year raises the biggest suspense as to whether Trina Solar Co., Ltd. and Jinkosolar can sustain profitability.
Interim Report 2024
Ping An Insurance's mid-term earnings conference response to market hotspots: future product structure will focus on dividend insurance, increase long-term interest rate bonds, and closely follow the dumbbell combination of national new productive forces.
① In the first half of the year, Ping An Insurance achieved a net income attributable to the parent company of 74.619 billion yuan, a year-on-year increase of 6.8%. ② The net income attributable to the parent company of Ping An Life Insurance and health insurance sector reached 50.6 billion yuan, accounting for nearly 70% of the group's profit. ③ Ping An Asset Management business achieved a net profit of 1.685 billion yuan, a year-on-year decrease of 14.7%.