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Q3 2025 revenue and net profit declined year-over-year due to weaker consumer demand, but Hainan duty-free sales returned to growth. The company announced its first interim dividend and continued expanding new retail formats and projects.
Original document: China Tourism Group Duty Free Corporation Limited Class A [601888] Interim report — Oct. 30 2025
Revenue and net profit declined 9.96% and 20.81% year-over-year, respectively, amid intensified competition and a challenging duty-free market. The company expanded its store network, strengthened its digital and supply chain capabilities, and maintained a leading market share in Hainan.
Original document: China Tourism Group Duty Free Corporation Limited Class A [601888] Interim report — Aug. 26 2025
Revenue and net profit both declined by double digits year-over-year in Q1 2025, with operating cash flow and ROE also down. Asset and equity bases grew, but market and operational pressures weighed on profitability.
Original document: China Tourism Group Duty Free Corporation Limited Class A [601888] Interim report — Apr. 29 2025
Revenue and net profit declined sharply in 2024 due to weak consumer demand and industry headwinds, but market share in key segments and overseas expansion improved. Final audited results may differ from these preliminary figures.
Original document: China Tourism Group Duty Free Corporation Limited Class A [601888] Interim report — Mar. 28 2025
Revenue and net profit declined sharply year-over-year due to weak consumer demand and a typhoon, with Q3 net profit down 52.53% and nine-month net profit down 24.72%. Operating cash flow also fell significantly.
Original document: China Tourism Group Duty Free Corporation Limited Class A [601888] Interim report — Oct. 30 2024
Revenue declined 12.8% year-over-year to RMB31.27 billion, while profit fell 11.4% to RMB3.67 billion, but gross margin improved to 32.94%. The company maintained a strong cash position and continued to expand its domestic and overseas business despite market headwinds.
Original document: China Tourism Group Duty Free Corporation Limited Class A [601888] Interim report — Sep. 5 2024
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