188bet mobile Service 2017 Semi-annual Report: Duty-free business develops,Sanya and Rishang Duty Free contributed the most to revenue and net profit

Author of this article: Liang Guoqing 2017-08-30
August 30,188bet mobile Service releases 2017 semi-annual report: during the reporting period,188bet mobile Service achieved total operating income of 125.6.8 billion yuan,Realized net profit 13.0 billion yuan,17 year-on-year increase.47%。The growth of China National Travel Service’s operating income mainly comes from the contribution of duty-free business,Among them, Sanya Haitang Bay Duty Free Shopping Center’s duty-free merchandise sales business achieved operating income of 31.3.4 billion yuan,year-on-year growth of 24.22%。In addition,Increase duty-free business income through the acquisition of Rishang Duty Free (China) Co., Ltd. 13.6.2 billion yuan。

August 30, 2017,188bet mobile Service releases 2017 semi-annual report: during the reporting period,188bet mobile Service achieved total operating income of 125.6.8 billion yuan,Year-on-year growth of 22.46%,Achieve net profit attributable to shareholders of listed companies13.0 billion yuan,17 year-on-year increase.47%。

1.Development of duty-free 188bet mobile,Sanya Haitang and Rishang Duty Free have the largest contribution to revenue and net profit

188bet mobile Service Co., Ltd. (hereinafter referred to as securities abbreviation: 188bet mobile Service,Stock code: 601888.SH) established in March 2008,Approved by the China Securities Regulatory Commission and listed on the Shanghai Stock Exchange on October 15, 2009。During the reporting period,Controlling shareholder China Tourism Group holds 55 shares.30%,188bet mobile Service is mainly engaged in travel agency business and duty-free business。

During the reporting period,188bet mobile Service achieved total operating income of 125.6.8 billion yuan,Year-on-year growth of 22.46%。Among them,The growth of 188bet mobile National Travel Service’s operating income mainly comes from the contribution of duty-free business,CITS duty-free merchandise sales business achieved operating income of 66.0.4 billion yuan,44 year-on-year increase.25%,Among them, Sanya Haitang Bay Duty Free Shopping Center’s duty-free merchandise sales business achieved operating income of 31.3.4 billion yuan,year-on-year growth of 24.22%。In addition,Increase duty-free business income through the acquisition of Rishang Duty Free (188bet mobile) Co., Ltd. 13.6.2 billion yuan。During the reporting period,188bet mobile Service’s main business gross profit margin is 28.73%,Increase by 1 compared with the same period last year.67 percentage points,The main reason is that the proportion of 188bet mobile Service’s merchandise sales business with higher gross profit margin increased from 48% in the same period last year.34% increased to 56 this year.25%。

During the reporting period,188bet mobile Service achieves operating profit 19.0.9 billion yuan,19 year-on-year increase.41%,Total profit realized 19.3 billion yuan,19 year-on-year increase.98%,Achieve net profit attributable to shareholders of listed companies13.0 billion yuan,17 year-on-year increase.47%。Also,China Duty Free Company Income 70.3.4 billion yuan,Among them, Sanya Duty Free Shop’s revenue is 32.2.8 billion yuan,Sunday consolidated table 13.6.1 billion yuan,Therefore traditional tax-free income 24.4.5 billion yuan,The traditional tax-free income in 2016 is 23.5.1 billion yuan,Year-on-year growth of approximately 4.00%,The growth rate of traditional duty-free 188bet mobile is lower than that in the "Tourism Statistics Report for the First Half of 2017" released by the National Tourism Administration,The number of outbound trips by Chinese citizens increased by 5% compared with the same period last year.1% growth rate。

2.Won the bid for Hong Kong Airport (tobacco and alcohol) and Capital Airport (T2+T3) first-tier hub airports and 6 entry stores

During the reporting period,April 5, 2017,188bet mobile Duty Free Corporation-Lagdale Co., Ltd., a subsidiary of 188bet mobile Duty Free Corporation, wonHong Kong Airport Tobacco and Alcoholic Products 188bet mobile License。June 30,188bet mobile Duty Free Company and its holding company Rishang Duty Free (188bet mobile) Co., Ltd. obtained respectivelyRight to operate duty-free 188bet mobile in the international quarantine area of ​​Capital Airport T2 and T3 terminals。Obtaining the right to operate the duty-free business of the above-mentioned large-scale channels,Greatly enhances the domestic and international influence and competitiveness of CITS duty-free business。During the reporting period,188bet mobile Service actively carries out bidding work for inbound duty-free shops,Go all out to obtain the operating qualifications for entry duty-free shops,Tendering for 11 airport entry duty-free shops,188bet mobile Service successfully won the bid for Kunming、Guangzhou、Qingdao、Nanjing、Chengdu、6 airport entry duty-free shops in Urumqi,Further consolidated 188bet mobile Service’s position in the domestic duty-free market。

In terms of purchasing 188bet mobile goods,During the reporting period,188bet mobile Service targets different business systems,Start with segmentation in different dimensions,Improve investment and procurement capabilities。Premium 188bet mobile:Research through analysis,Introduction is more influential、Hot Selling、Emerging brands,188bet mobile store production capacity,Downsize or exit poor-performing brands;Strengthen negotiations,Reduce procurement costs,188bet mobile the gross profit of newly introduced brand purchases。Fragrance 188bet mobile:Targeting the market,Through accurate data analysis,Looking for sales 188bet mobile points,Strive to meet the investment promotion and renovation of key stores and the introduction of new brands;Deepen cooperation with suppliers,And continue to optimize cooperation terms,To reduce procurement costs、Share inventory pressure;Using the order fair as a platform,Introducing marketable brands to more stores。Domestic product 188bet mobile:Actively respond to policy changes,Flexibly adjust brand sales strategy,Further segment the market share,Focus on developing high gross profit、High value-added products;Reduce low value items、Purchasing of low-margin products,Improve sales quality,Guarantee the improvement of the overall 188bet mobile domestic cigarettes。

In terms of duty-free 188bet mobile on outlying islands,According to 188bet mobile Service: in the first half of 2017,Sanya Haitang Bay Duty Free Shopping Center has focused on the following activitiesFour aspectsJob:One isComplete the introduction of 6 188bet mobile brands including APM,New fragrance distribution area,Effectively relieve sales pressure during peak season。The second isAccording to the new policy that from January 15 this year, Hainan Railway passengers leaving the island will be included in the scope of the offshore tax exemption policy,Sanya Haitang Bay Duty 188bet mobile Shopping Center completed the functional design and transformation of the train outlying island system、Employee training、Marketing strategy adjustment and other work。Three isAdjust the plan according to the brand,Promote Gucci、YSL、Zegna and other brand store renovation work。FourthPromote the design confirmation of the bill of lading optimization project plan,Further optimize 188bet mobile processes、Improve cashier efficiency、Improve the company’s automation level。Benefit from new brands、Optimization of brand product structure、Strengthen the expansion of market channels、Normalization of promotional activities and other factors,Sanya Haitang Bay Duty Free Shopping Center’s operating performance continues to grow。

3.CITS traditional tourism 188bet mobile maintains positive revenue growth,188bet mobile travel service growth rate 267.40%

During the reporting 188bet mobile,188bet mobile Service establishes aviation service agency business committee,Establish a linkage mechanism for air ticket procurement within the travel agency group,Effectively centralize air ticket purchasing needs,Increase the purchasing power of key airlines and key routes in popular outbound destinations,Improve centralized procurement capabilities。Among them, the key product 188bet mobile American project "Wild American West" was first launched in February 2017,Since the product was launched, it has driven the sales of other products in the US market,And boosted product sales in Canada and Latin American countries。

During the reporting 188bet mobile,In addition to the traditional travel agency business of 188bet mobile National Travel Service, except for domestic tourism and business travel services and overseas visa business, revenue and costs have increased,The rest of the tourism service business showed negative growth,Among them, business travel services have the fastest growth rate in terms of revenue and costs,Business travel service achieves revenue 4.7.8 billion yuan,267 year-on-year increase.60%;Business travel service cost increased by 5491 year-on-year.76%。

In addition,During the reporting period,188bet mobile CITS completed the renewal of the Korean Visa Company’s framework contract,and Denmark、Australia、Netherlands、Extension of framework contracts for 5 visa companies in Belgium and Spain。

Extended reading: "Depth: Carrying the will of the country,Can 188bet mobile Service reverse the US0 billion trade deficit with “tourism + duty-free”??》

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