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Express News | The holiday arrangements for 2025 are here: both the Spring Festival and Labor Day have been extended by 1 day.
China Tourism Group Duty Free Corporation (601888): Demand pressure fully reflects the current trade expectations.
Key point: Consumer demand is under pressure, leading to a decrease in the company's revenue and profit, which is still the current trade expectation. Lowering performance expectations, maintaining a 'buy' rating. The company's revenue for Q1-Q3 of 24 is 43.021 billion yuan, a 15.38% decrease year-on-year.
China Tourism Group Duty Free Corporation (601888): The fiscal stimulus plan is introduced, and the future prospects are looking up.
In the third quarter of the 24th year, the company's revenue was 11.756 billion yuan. In the same period of the 24th year, the company achieved a revenue of 43.021 billion yuan, a year-on-year decrease of 15.4%, net income attributable to the parent company was 3.92 billion yuan, a year-on-year decrease of 24.7%, non-GAAP net profit attributable to the parent was 3.873 billion yuan, a year-on-year decrease of 25.4%, with the gross margin of the main business at 32.6%, a year-on-year increase of 1.1 percentage points.
HK stock market anomaly: China Tourism Group Duty Free Corporation (01880) fell more than 4%, with a 52% year-on-year decline in net profit in the third quarter. Fourth-quarter performance may continue to be under pressure.
China Tourism Group Duty Free Corporation (01880) fell more than 4%, as of the press time, dropped 4.79%, at 58.7 Hong Kong dollars, with a turnover of 0.213 billion Hong Kong dollars.
China Tourism Group Duty Free Corporation (601888): Port duty-free maintains high growth, focusing on catalyzing domestic stores starting from the fourth quarter.
Event: The company released the third quarter report for 2024. The company achieved a total operating revenue of 43.021 billion yuan in the first three quarters of 2024, a year-on-year decrease of 15.38%; the net income attributable to the shareholders of the listed company was 3.919 billion yuan.
Research reports from Changjiang Securities: Maintaining a "shareholding" rating on China Tourism Group Duty Free Corporation, bullish on the company's long-term core competitive advantages.
Gelonghui, November 7: Changjiang Securities' research report pointed out that consumer demand is weak, shopping conversion rate is decreasing, coupled with the impact of Typhoon in September, Hainan offshore duty-free continues to be under pressure, dragging down the performance of China Tourism Group Duty Free Corporation (601888.SH). Hainan, as the company's profit foundation, with weakened demand and the impact of typhoons, resulting in poor sales performance, is the core reason for the decline in performance. Looking ahead, this year's performance is bottoming out, with the closing of Hainan soon, market sentiment may be suppressed. Long-term bullish on the company's core competitive advantages in terms of scale, brand, and operation management, awaiting improvement in economic conditions, consumer demand, and the arrival of a turning point in performance. Forecast
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