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China Duty Free Group Co., Ltd.'s mid-year performance report announcement for 2024.
China Tourism Group Duty Free Corporation (01880) achieved a non-net profit of approximately CNY 3.246 billion in the first half of the year, a year-on-year decrease of 15.79%. The gross margin of the main business has continued to improve.
China Tourism Group Duty Free Corporation (01880.HK) released its 2024 semi-annual report, with total operating income of approximately RMB 31.265 billion, a YoY decrease of 12.81%; net income attributable to shareholders of the listed company was approximately RMB 3.288 billion, a YoY decrease of 14.94%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was approximately RMB 3.246 billion, a YoY decrease of 15.79%; basic EPS was RMB 1.5893. The gross margin of the main business was 32.94%, a YoY increase of 2.62 percentage points, and the gross margin of the main business in the second quarter was 33.29%.
China Tourism Group Duty Free: Faced Complex, Severe External Market Environment in 1H >601888.SH
China Tourism Group Duty Free: Faced Complex, Severe External Market Environment in 1H >601888.
China Tourism Group Duty Free 1H Oper Pft CNY4.53B Vs. Pft CNY4.95B >601888.SH
China Tourism Group Duty Free 1H Oper Pft CNY4.53B Vs. Pft CNY4.95B >601888.
China Tourism Group Duty Free Shows Mixed Results
China Tourism Group Duty Free Corporation Limited reports a decrease in total operating income, operating profit, and net profit for the first half of 2024, indicating a drop compared to the previous year’s figures. Despite a challenging external market environment, the company has seen a resurgence in its traditional duty-free business with increased revenue and profitability, particularly from Beijing and Shanghai airport stores. Additionally, they’ve strengthened their market share in Hainan and expanded both overseas and domestic operations, including winning bids for duty-free store rights at various international airports.
China Tourism Group Duty Free Corporation (01880.HK) performance report: net income of 3.288 billion yuan in the first half of the year, a year-on-year decrease of 14.94%.
China Tourism Group Duty Free Corporation (01880.HK) released its 2024 interim performance report on July 12. During the reporting period, the company achieved revenue of RMB31.265 billion, a year-on-year decrease of 12.81%; net income attributable to shareholders of the listed company was RMB3.288 billion, a year-on-year decrease of 14.94%. During this reporting period, the company's gross margin for its main business was 32.94%, an increase of 2.62 percentage points year-on-year. The gross margin for the main business in the second quarter was 33.29%, an increase of 0.82 percentage points year-on-year and 0.59 percentage points quarter-on-quarter.
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