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.

cls.cnAug 30 08:00 ET

Long-established state-owned developer says goodbye to real estate.

Ten years ago, Dong Mingzhu, then chairman of Gree Group, said that Gree should not focus on real estate business, but should focus on home appliances; ten years later, this became true. Gree Real Estate, which has separated from Gree Group, has decided to withdraw from real estate development business. On July 7th, Gree Real Estate announced that it will gradually withdraw from real estate development business in Shanghai, Chongqing, Sanya and other places, and plans to sell corresponding assets and liabilities; at the same time, it has updated its restructuring plan for Zhuhai Duty-Free Group, planning to buy no less than 51% of the equity of Zhuhai Duty-Free Group and promote Gree Real Estate's main business transformation to duty-free business.

wallstreetcnJul 9 21:52 ET

China is exempt from China, why is it recovering

The injured middle class and the middle class

wallstreetcnAug 28, 2023 00:33 ET

After the release of the “31 Rules” of the private economy, entrepreneurs such as Ma Huateng, Lei Jun, Zhou Hongping, and Li Shufu responded intensively!

The private economy has a new position: a vital force for advancing Chinese-style modernization

Gelonghui FinanceJul 20, 2023 06:43 ET

After seven years of ups and downs, Hainan's Yedao returned to state-owned property

After a seven-year hiatus with Feng Biao, Hainan's Yedao (600238.SH) once again welcomed the return of state-owned investment. Feng Biao is a well-known bull scatter. The “Oriental Department” he founded attacked the capital market. In addition to Yedao in Hainan, Feng Biao also participated in the actual control sniper of Jiaying Pharmaceutical (002198.SZ). On June 28, Hainan Yedao issued an announcement stating that since the shares held by Beijing Dongfang Junsheng Investment Management Co., Ltd. (hereafter “Dongfang Junsheng”), the largest shareholder, were reduced due to judicial auctions, Haikou's state-owned capital holding 13.46% of the shares became the largest shareholder. At the Extraordinary General Meeting of Shareholders on the same day, Haikou State-owned Assets

Wallstreet NewsJun 30, 2023 22:45 ET

Express News | Morgan Stanley: resume tracking of China exempt H shares with a rating of "over-matching" with a target price of HK $215,000,000.

Moomoo 24/7Sep 27, 2022 19:55 ET