中国中免A、H股双双大跌！原因何在？

港股解码02-24

2月24日，国内免税行业龙头——中国中免股价表现惨淡。截至收盘，港股的中国中免（01880.HK）大跌10.51%，报82.2港元/股；A股中国中免（601888.SH）直接封死跌停，股价跌至85.18元/股。中国中免的大跌让市场错愕，有市场消息称，这场暴跌与京沪两大国际航空枢纽免税项目中标结果落地有关。分析指出，“机场经营权丢失”是一个情绪放大器，一下子点燃了市场的负面情绪，行业竞争格局出现变化...

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What is the reason?","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01880":1.5},"content_text":"2月24日，国内免税行业龙头——中国中免股价表现惨淡。截至收盘，港股的中国中免（01880.HK）大跌10.51%，报82.2港元/股；A股中国中免（601888.SH）直接封死跌停，股价跌至85.18元/股。中国中免的大跌让市场错愕，有市场消息称，这场暴跌与京沪两大国际航空枢纽免税项目中标结果落地有关。分析指出，“机场经营权丢失”是一个情绪放大器，一下子点燃了市场的负面情绪，行业竞争格局出现变化，使得市场对中国中免渠道优势弱化的担忧爆发。此外，春节消费预期兑现后，前期布局的获利资金选择集中出逃，再叠加当日旅游零售板块整体走弱，进一步放大股价跌幅。面对市场的种种猜测，中国中免相关人员回应称，股价波动受多种因素影响。对于京沪机场免税经营权的相关事宜，公司确实失去了上海机场部分经营权，公司前期已经发布相关公告。对于公司的春节销售数据，公司只掌握三亚等部分地区单日销售数据，尚未达到发布公告的标准，需要以官方数据为准。值得注意的是，与中国中免股价暴跌形成鲜明对比的是，今年春节期间，海南离岛免税市场火爆，呈现出强劲的增长韧性。据海南省旅游和文化广电体育厅数据，内地9日春节假期，海南省共接待1232.05万人次游客，游客总花费183.66亿元，按年分别增长28.9%、30.7%。另据《央视》报道，2026年春节假期，海口海关共监管离岛免税销售金额27.2亿元，按年增长30.8%；销售件数199.7万件，按年增长21.9%；购物人数达32.5万人次，按年增长35.4%。里昂发布研报称，春节期间，海南免税店的消费在更强劲的促销活动及政策推动的增量需求下保持韧性，但很大程度上已反映在中国中免的股价中。作者|瓶子编辑|Lily","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2613191827","isCrawlerRequest":true}