Changes in Hong Kong stocks | China Free (01880) fell nearly 3%, and institutions expect the company's revenue in the first half of the year was dragged down by phased pressure from airport duty-free and online sales at China Free Japan

The Zhitong Finance App learned that China's free trial (01880) fell by nearly 3%. As of press release, it was down 2.98% to HK$48.56, with a turnover of HK$244.641 million.

According to the news, China recently released the 2026 interim results report. According to GF Securities, 2026H1 achieved revenue of 27.59 billion yuan, -2.0% year-on-year, net profit of 3.11 billion yuan, +19.5% year-on-year, net profit after deducting 3.08 billion yuan, +18.7% year-on-year; of these, 2026Q2 revenue was 10.69 billion yuan, -6.3% YoY, net profit to mother 760 million yuan, +14.5% YoY net profit.

Guangfa Securities believes that since the beginning of the year, duty-free shops at Shanghai and Capital Airport have been affected by factors such as the transfer of operations after the new tender is launched. Sales performance is expected to be phased in, causing a certain drag on the company's revenue in the first half of the year, and a steady recovery can be expected in the second half of the year; the online mini program has not yet fully recovered, which has also put some pressure on online taxable business sales. The overall recovery of online taxable sales can be expected.