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China Tourism Group Duty Free
China Tourism Group Duty Free (601888) investor relations material
China Tourism Group Duty Free Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Q3 revenue fell 4.66% YoY to RMB 11.17bn, while attributable net income rose 24.64% to RMB 563.6m; main-business gross margin improved 1.30 ppts YoY.
9M revenue declined 2.61% YoY to RMB 38.82bn; attributable net income increased 20.25% to RMB 3.67bn.
Financial highlights
Q3 total profit was RMB 832.5m, up 10.34% YoY; 9M total profit reached RMB 4.55bn, up 2.96%.
Q3 adjusted for non-recurring items, attributable net income was RMB 565.3m, up 28.19% YoY; 9M adjusted income was RMB 3.64bn, up 20.00%.
9M operating cash flow fell 38.98% YoY to RMB 2.07bn, attributed to lower revenue and increased procurement payments.
Segment performance
Hainan offshore duty-free market share rose by more than 2 ppts YoY by quarter-end.
International business grew 71% YoY in 9M following completion of the DFS Greater China retail business acquisition.
A duty-free China-chic retail zone launched with Shanghai Airport at Pudong Airport, described as the largest single-airport installation of its kind nationally.
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Latest events from China Tourism Group Duty Free
- Net profit surged 19.49% to RMB 3.11 billion despite a slight revenue dip, with overseas expansion boosting growth.601888
Q2 2026 - Net profit rose 21.18% on stable revenue and strong Hainan and international growth.601888Q1 2026
- Revenue and profit declined, but gross margin and market leadership improved via innovation and expansion.601888Q4 2025
- Revenue and profit fell, but Hainan sales rebounded and an interim dividend was announced.601888Q3 2025
- Net profit fell 20.81% as Hainan market share and operational efficiency improved.601888Q2 2025
- Profit and revenue dropped, but airport duty-free sales and gross margin improved.601888Q3 2024
- Revenue and profit fell, but gross margin and airport duty-free store growth improved.601888Q2 2024
- Q1 2025 saw double-digit declines in revenue and profit, but asset base grew.601888Q1 2025
- Revenue and profit fell sharply, but airport and overseas duty-free sales surged.601888Q4 2024
Next China Tourism Group Duty Free earnings date
Q4 202630 Mar, 2027
China Tourism Group Duty Free
Next China Tourism Group Duty Free earnings date
Q4 202630 Mar, 2027
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Frequently asked questions
China Tourism Group Duty Free Corporation Limited specializes in the operation of duty-free retail outlets. The company provides a wide range of products, including cosmetics, perfumes, luxury goods, electronics, and travel essentials, catering to international and domestic travelers. It operates stores at airports, seaports, downtown locations, and other transit hubs. The company is headquartered in Haikou, China, and its shares are listed on the SSE.