China Tourism Group Duty Free Corporation's Q1 performance has yet to recover from a continuous decline. In the future, it may benefit from the new tax refund policy for departing travelers | Interpretations

In Q1 of this year, China Tourism Group Duty Free Corporation achieved revenue of 16.746 billion yuan, a year-on-year decrease of 10.96%; net income attributable to the parent company was 1.938 billion yuan, a year-on-year decrease of 15.98%. Analysts indicate that the further promotion of the duty-free "buy and refund" policy for departing travelers and future visa-exempt policies is expected to stimulate a recovery in the number of inbound business and travel passengers.

cls.cnApr 29 22:10

In Q1, China Tourism Group Duty Free Corporation's revenue decreased by 10.96% year-on-year, and net income fell by 15.8% | Earnings Reports insights.

In the last quarter of last year, China Tourism Group Duty Free Corporation experienced a significant year-on-year decline in revenue and profit. In Q1, the Business continued to be under pressure, with double-digit declines in both revenue and profit. Selling expenses and administrative expenses decreased by 9% and 11% year-on-year respectively. The net cash flow from operating activities decreased by 9.52% year-on-year. At the end of the reporting period, the inventory balance was 15.751 billion yuan, a decrease of approximately 9.21% compared to the 17.348 billion yuan at the end of 2024.

wallstreetcnApr 29 19:43

Bank Of China: In the first quarter of 2025, revenue increased by 2.56%, while net income declined by 2.22%.

Bank Of China Q1 2025 performance: revenue growth but profit decline, business transformation awaits future results. Key points: Financial performance: revenue of 164.929 billion yuan, a year-on-year increase of 2.56%; net income of 58.644 billion yuan, a year-on-year decrease of 2.22%; net income attributable to the parent company's owners of 54.364 billion yuan, a year-on-year decrease of 2.90%. Profitability: return on equity (ROE) of 9.09%, a decrease of 0.77 percentage points year-on-year; average return on total assets (ROA) of 0.66%. Business structure: net interest income of 107.727 billion yuan, a year-on-year decrease of 4.

wallstreetcnApr 29 17:45

Industrial And Commercial Bank Of China: In the first quarter of 2025, Net income decreased by 3.81%, total Assets exceeded 51.5 trillion.

Industrial And Commercial Bank Of China 2025 first quarter Earnings Reports: Total Assets exceed 51.5 trillion, non-performing rate stabilizes but profits are under pressure. Summary of key points: Financial performance declined: In the first quarter...

wallstreetcnApr 29 16:50

The profit recovery in the Papermaking Industry is weaker than expected, with net profits of Xianhe Co., Ltd. and other paper companies declining year-on-year in Q1 | Interpretations

① Three paper companies reported revenue growth in Q1 year-on-year, but net profit declined compared to the previous year; ② The market previously expected that Papermaking profits would show a recovery both year-on-year and month-on-month in Q1; ③ The paper companies' performance may be below expectations due to the impact of raw material inventory cycles; ④ Since April, the price of raw paper pulp has been declining, affecting the short-term performance of paper companies.

cls.cnApr 28 22:44

Will the Steel Industry reduce production? Baoshan Iron & Steel: Most likely event. The group will focus on supporting the joint-stock company | Coverage of the Earnings Conference.

① There are rumors in the Steel market that production will be restricted by 50 million tons, and the company responded that this restriction is highly probable, but the company is confident in handling it, and the group will provide supportive measures regarding production capacity. ② Regarding Baoshan Iron & Steel's investment in Maanshan Steel, the company stated plans to develop Maanshan into a core product base for the third-generation Global Strategy, where Maanshan will play an important role in the strategy of high-quality long products.

cls.cnApr 28 21:48