Lyon: China Duty Free Group (01880.HK) performance forecast falls short of expectations, profit-making ability still under pressure.

According to the Zhixun Finance and Economics APP, Lyon released a research report stating that the second quarter and mid-term performance forecast of China National Travel Service (01880, 601888.SH) is below market expectations. The bank believes that the weak performance of China National Travel Service may be related to the volatility of non-Hainan business. The company mentioned that, despite continued pressure, it is accelerating its strategic transformation through expanding duty-free + products and promoting its own brand innovation. Therefore, the company's market share in Hainan has increased by nearly 1% year-on-year.