Summary by Moomoo AI
China Tourism Group China Duty Free Limited (the 'Company') announced the unaudited interim performance for the six months ended June 30, 2024. During the period, the Company and its subsidiaries realized revenue of approximately RMB 31.265 billion, a decrease of 12.81% compared to the same period last year. The gross profit was RMB 10.243 billion, a decrease of 4.75% year-on-year. The profit for the period was RMB 3.667 billion, a decrease of 11.36% compared to the same period last year. The basic earnings per share were RMB 1.5978. The Company is mainly engaged in the retail business of tourism, including wholesale and retail of tax-free goods such as tobacco, alcohol, perfume, cosmetics, clothing, and electronics. In addition, the company is also engaged in investment and development of commercial complexes. During the reporting period, the Company's dominant position in the tax-free market on Hainan Island was further consolidated, and the market share steadily increased. The Board of Directors does not recommend the payment of interim dividends for the six months ended June 30, 2024.
