Hong Kong Stock Concepts Tracking | Exit Tax Refund "Buy Now, Refund Now" Service Measures Nationwide Promotion Tax-free Concept Gains Attention (Attached Concept Stocks)

On April 8, the State Administration of Taxation issued a notice on promoting the "instant purchase instant refund" service for overseas tourists' shopping tax refunds upon departure, clearly stating that starting from the 8th, the departure tax refund "instant purchase instant refund" service will be promoted nationwide. This initiative was initially piloted in Shanghai, Beijing, Guangdong, Sichuan, Zhejiang, Shenzhen and other locations. In addition, a research report by Debon Securities pointed out that the year-on-year decline in Hainan's off-island duty-free sales revenue in January and February 2025 has narrowed. The bank believes that the fundamental outlook for Hainan's off-island duty-free is expected to stabilize, while the company's port duty-free sales are steadily growing, and the in-city duty-free is continuing to strengthen. Stocks related to duty-free concepts: China Tourism Group Duty Free Corporation (01880): The leader in domestic duty-free. The company's interim results for the first half of 2024 show that total revenue was approximately RMB 31.265 billion, a 12.81% decrease year-on-year; net profit attributable to shareholders of the listed company was approximately RMB 3.288 billion, a 14.94% decrease year-on-year; and net profit attributable to shareholders of the listed company excluding non-recurring gains and losses was approximately RMB 3.246 billion, a 15.79% decrease year-on-year; basic earnings per share was RMB 1.5893. The main business gross profit margin was 32.94%, an increase of 2.62 percentage points year-on-year. In the second quarter, the main business gross profit margin was 33.29%, an increase of 0.82 percentage points year-on-year, and an increase of 0.59 percentage points quarter-on-quarter. The company's main business gross profit margin continues to improve. MEILAN AIRPORT (00357): After opening the Singapore-Hong Kong-Haikou cargo route, the company will provide more precise, efficient, and convenient air logistics transportation solutions for the transportation of duty-free goods on Hainan's off-island, further expanding the direct channels for duty-free goods entering Hainan, solving the problem of low timeliness caused by a large number of duty-free goods imported through Guangzhou and Shenzhen, effectively shortening the time for new duty-free goods to be put on shelves for sale, and assisting in the construction of Hainan Free Trade Port tourism consumption center. CTIHK (06055): CTIHK bears the strategic responsibility for China Tobacco's overseas business, and the company will gradually concentrate and integrate various overseas resources of China Tobacco, becoming a more competitive market participant in the global tobacco industry.