According to Zhitong Finance App News, Dickson Holdings (00113.HK) announced that sales turnover for the year ending March 31, 2025 is expected to drop by about 20% year on year, and net profit attributable to shareholders will drop by about 42% year on year. Despite an increase in profit earned by the Investment Department, the decline was almost entirely due to a decline in sales and profit in Hong Kong, China. The Board believes that this is due to a sharp shift in the retail landscape, where local travelers prefer places that provide a great value shopping experience rather than staying at home to shop and spend. In addition, mainland Chinese tourists no longer use shopping as the main purpose of traveling to Hong Kong, causing consumer confidence in Hong Kong, China to be extremely weak. At the same time, China has also promoted the “buy and refund” policy for overseas travelers leaving the country, thus reducing the appeal of Hong Kong, China to foreign tourists.

According to Zhitong Finance App News, Dickson Holdings (00113.HK) announced that sales turnover for the year ending March 31, 2025 is expected to drop by about 20% year on year, and net profit attributable to shareholders will drop by about 42% year on year. Despite an increase in profit earned by the Investment Department, the decline was almost entirely due to a decline in sales and profit in Hong Kong, China. The Board believes that this is due to a sharp shift in the retail landscape, where local travelers prefer places that provide a great value shopping experience rather than staying at home to shop and spend. In addition, mainland Chinese tourists no longer use shopping as the main purpose of traveling to Hong Kong, causing consumer confidence in Hong Kong, China to be extremely weak. At the same time, China has also promoted the “buy and refund” policy for overseas travelers leaving the country, thus reducing the appeal of Hong Kong, China to foreign tourists.