China Free (01880) rose more than 4%. As of press release, it had risen 4.1% to HK$77.45, with a turnover of HK$136.271 million.
The Zhitong Finance App learned that China's Free Credit (01880) rose by more than 4%. As of press release, it had risen 4.1% to HK$77.45, with a turnover of HK$136.271 million.
According to the news, China's first quarter results report was released. For the three months ended March 31, 2024, total operating revenue was about 18.807 billion yuan (RMB, same below), a year-on-year decrease of 9.45%; net profit attributable to shareholders of listed companies was 2,308 billion yuan, an increase of 0.33% over the previous year.
Dongwu Securities indicated that the Q1 results were in line with expectations, and gross margin continued to recover. The gross margin of the company's main business in Q1 was 32.70%, +3.95pct. Thanks to the international passenger flow driving the further recovery of the port duty-free business, the proportion of offline business continued to increase, and the product structure continued to be optimized.