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.22.2025

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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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

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:

Performance by Business Segment

Finance and Outlook

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: