8月27日，中国中免（01880.HK）股价盘中大跌5%，引发市场关注。截至发稿，该股报62.2港元，成交额2.03亿港元。
消息面上，中国中免于26日晚间公布2025年半年度报告。报告期内，公司实现营业总收入281.51亿元人民币，同比下降9.96%；归属于上市公司股东的净利润26亿元，同比下降20.81%。业绩下滑主要受到海南离岛免税市场持续调整的影响，公司海南地区营业收入同比出现回落。
分析人士指出，当前免税消费需求承压，奢侈品市场面临挑战。贝恩公司预计2025年全球个人奢侈品市场销售额可能缩水2%-5%。尽管如此，中国中免在海南离岛免税市场的优势地位进一步稳固，上半年市场占有率同比提升近1个百分点。值得关注的是，随着海南自贸港12月18日封关临近，免税商品种类将从1900种大幅扩容至6600种，这一政策红利有望为中国中免带来长期增长机遇。
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