1. China Stocks

  2. •

    Retail trade

  3. •

    Discount stores
China Tourism Group Duty Free Corporation Limited Class A

China Tourism Group Duty Free Corporation Limited Class A

6.25
USD
+0.20
(+3.31%)
0.28EPS
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.59
8.16
8.7
9.16
11.57
19.23
19.89
21.52
27.69
21.85
26.08
21.8
20.73
24.03
Basic EPS, GAAP
0.56
0.6
0.62
0.74
1.04
1.27
1.89
2.51
3.95
2.02
2.59
1.65
1.38
1.95
Free Cash Flow per Basic Share
0.39
0.35
0.36
0.72
1.11
0.47
0.66
2.85
2.53
-2.57
5.14
2.63
1.85
- -
Dividend per Share
0.14
0.16
0.19
0.2
0.4
0.42
0.45
0.58
0.81
1.18
0.68
1.35
1.06
1.2
Book Value per Share
3.71
4.13
4.57
5.15
5.74
6.64
8.22
9.13
12.12
18.75
20.79
21.27
21.42
22.09
Tangible Book Value per Share
3.31
3.76
4.11
4.7
5.29
5.81
6.86
7.81
10.8
17.49
19.64
20.2
20.45
20.29
Basic Weighted Avg Shares
2,299
2,444
2,448
2,444
2,444
2,444
2,444
2,444
2,444
2,491
2,590
2,590
2,590
2,201
Sales/Revenue/Turnover
17,448
19,936
21,292
22,390
28,282
47,007
48,612
52,598
67,676
54,433
67,540
56,474
53,694
52,891
Operating Margin (%)
9.77
10.28
10.1
11.14
12.39
12.05
14.07
19.06
22.34
15.16
12.3
10.46
10.11
10.83
Depreciation Expense
69
95
172
157
157
252
296
314
1,278
1,132
897
1,073
883
- -
Net Income, GAAP
1,295
1,470
1,506
1,808
2,531
3,095
4,632
6,140
9,654
5,030
6,714
4,267
3,586
4,303
Effective Tax Rate (%)
24.13
25
25.56
23.82
23.46
26.25
24.31
24.15
16.46
18.76
15.95
20.91
30.48
28.35
Profit Margin (%)
7.42
7.38
7.07
8.08
8.95
6.58
9.53
11.67
14.26
9.24
9.94
7.56
6.68
8.13
Working Capital
6,748
7,057
8,169
9,630
11,339
11,812
14,397
14,374
21,406
39,725
43,127
44,991
46,579
44,370
LT Debt
- -
- -
- -
- -
3
1
- -
3,459
3,487
4,247
4,273
4,133
4,011
7,452
Total Equity
9,706
10,793
11,892
13,360
15,011
18,584
22,954
26,185
34,791
54,127
59,182
60,948
61,126
63,145
Return on Invested Capital (%)
17.51
15.63
14.59
15.47
19.99
22.49
24.92
24.74
31.08
11.39
11.14
7.25
5.46
5.61
Return on Capital (%)
13.85
12.35
11.33
12.43
14.9
13.29
17.44
18.3
20.02
7.96
10.21
5.86
5.45
6.47
Return on Common Equity (%)
17.65
15.35
14.15
15.21
19.01
20.45
25.5
28.96
37.18
12.87
13.11
7.83
6.49
7.52

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,018
2,318
2,721
LT Borrowings
2,849
2,877
2,576
LT Finance Leases
1,162
4,232
4,876
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,590
2,601
2,601
Market Capitalization
- -
- -
- -

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
56,226
60,372
58,177
Cash, Cash Equivalents & STI
33,781
35,287
27,180
Accounts Receivable, Net
73
166
131
Inventories
15,302
15,891
17,189
Total Current Liabilities
9,647
14,375
13,808
Payables & Accruals
- -
- -
- -
ST Debt
1,018
2,318
2,721
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.72%
20.21%
0.29%
Free Cash Flow
-13.2%
-120.34%
-29.83%
Net Income, GAAP
15.49%
-1.92%
-15.96%
Sales/Revenue/Turnover
12.12%
2.38%
-4.92%
Total Cash Common Dividend
27.25%
24.97%
-21.56%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
18,807
12,458
11,756
13,453
56,474
2025
16,746
11,405
- -
13,831
53,694
2026
16,906
10,749
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.89
0.47
0.31
0.17
1.65
2025
0.75
0.32
- -
0.26
1.38
2026
0.91
0.36
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
1.57
0.1
0.01
1.35
2025
0.01
1
- -
0.25
1.06
2026
0.01
0.02
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zhu Jun Chang
Full Time Employees
14,485
Sector
Retail trade
Industry
Discount stores
Address
Block A, No. 2, Dongzhimen Waixiaojie Beijing BE China 100027
IPO Date
Oct 15, 2009
Website
ctgdutyfree.com.cn
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Business
China Tourism Group Duty Free Corporation Limited (601888.SS) is a leading Chinese operator in the duty-free travel retail sector, primarily engaged in the wholesale and retail of duty-free commodities including tobacco and wine, perfume and cosmetics, fine goods and accessories, clothing, watches and jewelry, and electronic products; it also invests in and develops commercial complexes. Founded in 2008 and headquartered in Beijing, the company operates as a subsidiary of China Tourism Group Co., Ltd., with over 200 retail stores encompassing airport outlets, downtown duty-free shops particularly in Hainan Province, border stores, and international locations in Hong Kong, Macau, Taiwan, and Cambodia, serving tourists, business travelers, and urban consumers across China and select overseas markets. The company offers nine major duty-free categories through more than 1,500 brands, including specialized operations like the "Lile Lang" luxury boutiques in airports such as Guangzhou, Hangzhou, and Shenzhen, alongside a growing "duty-free+" model integrating culture, commerce, sports, tourism, and health experiences. In recent developments, it changed its name from China International Travel Service Corporation Limited in June 2020 to emphasize its duty-free focus; expanded downtown duty-free operations with new store openings in 2025 including Tianjin and Xi'an city stores, won bids for Guangzhou Baiyun Airport T3 outbound and additional border stores, added approximately 200 new domestic and international brands plus over 100 exclusive items in 2024-2025, partnered with Travel Blue for expanded distribution in island and airport stores, and formed a 50-50 joint venture with Swire Properties in 2022 for a premium retail project in Sanya's Haitang Bay. These initiatives, coupled with digital transformation efforts boosting online sales and wellness product lines like "CDF Health," support targeted growth in airport, downtown, and integrated tourism retail amid China's evolving consumption policies.