China Tobacco Hong Kong 2025 Interim Results: Revenue HKD 10.3 billion, up 18.5% year-on-year; New Tobacco Export Business Revenue HKD 14.6 million, down 66.5% year-on-year

Aug.22

China Tobacco International (Hong Kong) recorded revenue of HKD 10.32 billion in the first half of 2025, up 18.5% year-on-year, with gross profit down 1.8%. Net profit attributable to shareholders was HKD 706 million, up 9.8% year-on-year. Revenue from the new tobacco export business was HKD 14.6 million, down 66.5% year-on-year.

On the evening of August 22, Beijing time, China Tobacco International (Hong Kong) Company Limited (6055.HK) released its interim results for the period ended June 30, 2025.

Key Data:

Revenue: HKD 10.32 billion, up 18.5% year-on-year
Gross profit: HKD 946 million, down 1.8% year-on-year
Net profit attributable to shareholders: HKD 706 million, up 9.8% year-on-year
Earnings per share: HKD 1.02 (2024 H1: HKD 0.93)
Interim dividend: HKD 0.19 per share, up 26.7% year-on-year

Performance by Business Segment

Tobacco leaf import business: Revenue HKD 8.399 billion, up 23.5% year-on-year; however, gross profit margin declined, gross profit decreased by 7.7%.
Tobacco leaf export business: Revenue HKD 1.156 billion, up 25.9% year-on-year; gross profit increased by 124.1%, becoming the main driver of profit growth.
Cigarette export business: Sales volume decreased by 7.9%, but with structural optimization and expansion of self-operated channels, revenue remained basically flat (+0.8%), and gross profit increased by 16.8%.
New tobacco export business: Affected by geopolitical and regulatory factors, revenue was HKD 14.6 million, down 66.5% year-on-year.

Finance and Outlook

Financing cost: Down 28.2% to HKD 82.9 million, easing profit pressure.
Cash and deposits: HKD 3.98 billion, significantly increased compared with the end of 2024.
Outlook for the second half: The company emphasized that it will continue to strengthen the resilience of the tobacco leaf supply chain, expand duty-free cigarette channels, and promote innovation and market access for new tobacco products, in order to cope with international regulatory and geopolitical risks.

References:

[1] 中煙國際（香港）有限公司截至2025年6月30日止六個月中期業績公告

Also Read:

[1] China Tobacco International (HK) Reports Strong Financial Performance

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