CTG Duty-Free Reports H1 2026 Preliminary Results: Net Profit Attributable to Shareholders Reaches 31.1 Billion Yuan, Up 19.49% Year-on-Year

Deep News07-14

On July 14th, China Tourism Group Duty Free Corporation Limited (601888/01880) released a preliminary performance report for the first half of 2026.

The report indicates the company achieved total operating revenue of 275.9 billion yuan, representing a decrease of 1.99% compared to the same period last year. Net profit attributable to shareholders of the parent company was 31.1 billion yuan, marking a year-on-year increase of 19.49%.

Key Operational Details

The announcement highlighted that during the first half of 2026, the company fully leveraged the opportunities presented by the full island customs closure operation of the Hainan Free Trade Port and the implementation of new duty-free policies for departing the island. This enabled the company to continuously strengthen its dominant market position in Hainan, achieving simultaneous improvements in both operating performance and market share.

Concurrently, the company has steadily progressed with the operational enhancement and upgrading of key airport duty-free outlets. Furthermore, the acquisition of the DFS retail business in Greater China has yielded positive integration results and economic benefits following the completion of the transaction.

For the first quarter of 2026, CTG DUTY-FREE reported revenue of 169.06 billion yuan and a net profit attributable to shareholders of 23.48 billion yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment