China Tourism Group Duty Free Corporation's revenue and net profit both decreased in 2024. Industry insiders expect that "this year's offshore duty-free sales will drop by another 20%" | Interpretations

China Tourism Group Duty Free Corporation announced that in 2024, it will achieve revenue of 56.474 billion yuan, a year-on-year decrease of 16.38%; the net income attributable to shareholders of the listed company will be 4.267 billion yuan, a year-on-year decrease of 36.44%; analysts expect that this year's sales of duty-free goods in Hainan will further decrease by about 25% compared to 2024.

cls.cnMar 28 11:29 ET

A performance compensation payment of over 6 million was mistakenly attributed, causing the company's Earnings Reports to contain false entries, and CHINA TOURISM AND CULTURE INVESTMENT GROUP will be subjected to Special Treat.

① In 2019, CHINA TOURISM AND CULTURE INVESTMENT GROUP understated assets and profits by 6.4243 million yuan, accounting for 3.55% of the absolute value of the disclosed total profit for that period; in 2020, it overstated assets and profits by 6.4243 million yuan, accounting for 25.86% of the absolute value of the disclosed total profit for that period. ② CHINA TOURISM AND CULTURE INVESTMENT GROUP was fined 2 million yuan.

cls.cnMar 14 09:38 ET

Hainan's offshore duty-free sales are under pressure, with "duty-free king" experiencing a 77% drop in net income in the fourth quarter.

The city is further increasing duty-free options.

wallstreetcnJan 17 04:09 ET

The State Council issued a document encouraging the creation of low-altitude flight tourism products, opening up a new Consumer scenario in the low-altitude economy.

The General Office of the State Council issued several measures on further cultivating new growth points to promote cultural and tourism Consumer, studying and formulating relevant management specifications for low-altitude flight tourism products, and encouraging the creation of diverse and differentiated low-altitude flight tourism products under the premise of ensuring safety.

cls.cnJan 13 19:09 ET

The "White Knight" appears? Hunan TV & Broadcast Intermediary wants to partner with Zhang Jia Jie Tourism Group, which is undergoing pre-restructuring | Read the announcement quickly.

① Zhang Jia Jie Tourism Group and Hunan TV & Broadcast Intermediary released a statement this evening, announcing that they signed a 'Global Strategy Cooperation Framework Agreement' today to jointly promote the innovative and integrated development of Zhang Jia Jie's cultural tourism industry; ② Hunan TV & Broadcast Intermediary has submitted participation materials for the company's reorganization investment to the temporary administrator of Zhang Jia Jie and has paid the registration deposit in full.

cls.cnJan 9 10:41 ET

[Data Observation] The trading volume of multiple China Southern CSI 1000 ETFs has surged, with four leading funds joining forces to buy into Visual China Group.

① Multiple China Southern CSI 1000 ETF and SME300ETF saw a significant increase in trading volume compared to yesterday, with the China Southern CSI 1000 ETF (512100) experiencing a 90% increase in trading volume. ② The three-day trading data for Visual China Group shows that, over the past three trading days, the stock has been bought by a total of nearly 0.6 billion from four leading speculative trading seats, following consecutive drops.

cls.cnDec 25, 2024 04:49 ET