China Tourism Group Duty Free Corporation (01880.HK) released the 2024 interim performance report. During the reporting period, the company achieved revenue of CNY 31.265 billion, a year-on-year decrease of 12.81%; and a net income attributable to shareholders of the listed company of CNY 3.288 billion, a year-on-year decrease of 14.94%. The gross margin of the company's main business in this reporting period was 32.94%, an increase of 2.62 percentage points year-on-year, of which the gross margin of the company's main business in Q2 was 33.29%, an increase of 0.82 percentage points year-on-year and an increase of 0.59 percentage points sequentially, and the gross margin of the company's main business continued to improve.
In the first half of 2024, faced with a complex and severe external market environment, the company closely focused on stable growth, promoting reform, and seeking development. It implemented multiple measures such as revitalizing traditional business, improving service quality and efficiency, optimizing business layout, and promoting sustainable development, and carried out solid work in all aspects.