Movement Alert|China Tourism Group Duty Free Rises 5.85% in Regular Trading, Hainan Duty-Free New Policy Drives 22.6% Shopping Revenue Growth

Market Focus05-29

On May 29, China Tourism Group Duty Free rose 5.85% in regular trading, trading at 55.2 HKD/share, with trading volume of HKD 205 million.

On the news front, according to Haikou Customs statistics, since the Hainan duty-free new policy took effect in November last year through April 30, customs-supervised duty-free shopping revenue reached RMB 22.22 billion, with 2.973 million shoppers and 17.45 million items purchased, representing year-over-year increases of 22.6%, 9.4%, and 5.5%, respectively.

The company reported Q1 revenue of RMB 16.906 billion, up 0.96% YoY, while net profit attributable to shareholders reached RMB 2.348 billion, up 21.18% YoY. Gross margin and net margin improved by 0.65 and 1.74 percentage points, respectively. Notably, Hainan region revenue surged 28.26% YoY to RMB 12.585 billion, significantly outpacing the broader industry. Analysts highlighted the company's strong cost discipline and growing long-term momentum under favorable policy tailwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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