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.