China Tourism Group Duty Free (SHSE:601888) Investors Are Sitting on a Loss of 62% If They Invested Three Years Ago

Simply Wall StApr 3 23:33 ET

[Brokerage Focus] Jianyin International maintains a neutral rating on China Tourism Group Duty Free Corporation (01880) and states that the establishment of the Hainan Free Trade Zone will intensify competition.

Jinwu Financial News | Jianyin International issued a Research Report indicating that China Tourism Group Duty Free Corporation (01880) experienced a 76% year-on-year decline in profit for the fourth quarter of 2024, reaching 0.368 billion yuan, mainly affected by a 20% decrease in revenue and a contraction in profit margins. Despite a strong recovery in foot traffic at stores in Peking and Shanghai International Airport, the collapse in sales in Hainan dragged down the final performance. At the same time, unexpected discount intensity and negative operating leverage eroded profit margins. The gross margin in the fourth quarter shrank by 3.5 percentage points year-on-year to 28.5%, while the operating margin decreased by 7.4 percentage points year-on-year to 3.5%. The bank expects Hainan Province to... 2025 fiscal year end.

Jingu Financial NewsApr 2 01:17 ET

China Tourism Group Duty Free 2024 Profit Falls 36%, Revenue Down 16%

MT NewswiresApr 1 05:17 ET

Research Reports Gold Mining丨The Pacific Securities: Assigning a "Shareholding" rating to China Tourism Group Duty Free Corporation, waiting for the recovery of Consumer.

The Research Reports from The Pacific Securities indicate that China Tourism Group Duty Free Corporation (601888.SH) achieved a net income of 4.267 billion yuan in 2024, a year-on-year decline of 36.44%; among which, Q4 net income was 0.348 billion yuan, a year-on-year drop of 76.93%. Both revenue and net income decreased, influenced by multiple factors leading to weak Consumer demand. From the revenue composition, the sales income from duty-free commodities was approximately 38.666 billion yuan, a year-on-year decrease of 12.58%; the sales income from taxable commodities was approximately 17.095 billion yuan, a year-on-year decrease of 23.49%. Under the competition from cross-border e-commerce and overseas shopping, the online business of China Tourism Group Duty Free Corporation further contracted. Benefiting from visa-free countries...

Gelonghui FinanceApr 1 05:09 ET

Hong Kong stocks are moving | China Tourism Group Duty Free Corporation (01880) fell over 4%, with both revenue and net profit declining last year, and net profit in the fourth quarter dropping by more than 70% year-on-year.

China Tourism Group Duty Free Corporation (01880) fell over 4%, and as of the release, it declined by 4.21%, reported at 47.8 Hong Kong dollars, with a transaction amount of 72.248 million Hong Kong dollars.

Zhitong FinanceMar 30 23:16 ET

Hong Kong Stock Morning Report | The State Administration for Market Regulation is reviewing CKH HOLDINGS' port Trade. CHINA RES GAS reported a net profit decrease of over 20% year-on-year last year.

① Trump: Any tariff agreement will be reached after the measures take effect on April 2. ② State Administration for Market Regulation: Review of CKH HOLDINGS port Trade will be conducted in accordance with the law. ③ Four major Banks, including Bank of China, China Construction Bank, Agricultural Bank of China, and Postal Savings Bank, announced plans for a private placement to introduce strategic investment from the Ministry of Finance, with a total amount of 500 billion yuan. ④ Gou Ping, Deputy Director of the State-owned Assets Supervision and Administration Commission: Strategic restructuring of state-owned automobile enterprises.

cls.cnMar 30 19:09 ET