HK Stock Market Move | CTIHK(06055) rose nearly 5% after the performance announcement, with a full-year net profit attributable to shareholders of HKD 980 million, representing a year-on-year increase of 14.8%.

CTIHK (06055) rose nearly 5% after the performance report, and as of press time, it rose 3.27% to 39.82 Hong Kong dollars, with a turnover of 305.937 million Hong Kong dollars. On the news front, CTIHK released its annual performance report, with annual operating income of 14.58 billion Hong Kong dollars, a year-on-year increase of 11.5%; the overall financial performance of the group grew, mainly driven by the growth of tobacco products export business and cigarette export business. Achieved a net profit attributable to shareholders of 0.98 billion Hong Kong dollars, a year-on-year increase of 14.8%, mainly driven by the growth of cigarette export business and tobacco products export business, as well as a decrease in financing costs. The final dividend was 0.33 Hong Kong dollars per share, with a total annual dividend of 0.52 Hong Kong dollars per share, a year-on-year increase of 13%. China Securities Co., Ltd. released a research report stating that the optimization of CTIHK's cigarette export business trading model will significantly increase gross profit margins. According to the new regulations of the State Tobacco Monopoly Administration, China Tobacco International will act as the agent of China Tobacco Industry Corporation to export cigarettes to the domestic duty-free market under an agreement with CTIHK. This adjustment is expected to have no significant impact on revenue, but the gross profit margin under the self-operated model may reach 40%-50%, significantly higher than the previous distribution model. The shipping pace during the policy transition period in 2026 may be delayed, with a return to normal in 2027.