CTG DUTY-FREE (01880) saw its shares rise more than 5% during the trading session. At the time of writing, the stock was up 4.30%, trading at HKD 66.75, with a turnover of HKD 78.6221 million.

The company released its 2025 annual results, reporting revenue of RMB 53.694 billion, a decrease of 4.92% year-on-year. Net profit attributable to equity shareholders was RMB 3.644 billion, down 15.73% compared to the previous year. According to Cinda Securities, focusing solely on the fourth quarter of 2025, the company achieved revenue of RMB 13.831 billion, an increase of 2.81% year-on-year. Net profit attributable to the parent company was RMB 534 million, surging 53.59% compared to the same period last year.

Cinda Securities believes that as a leader in the duty-free industry, CTG DUTY-FREE maintains solid advantages in its core channels, with the Hainan market already showing a strong recovery trend. The acquisition of DFS's Greater China business and the strategic cooperation with the LVMH group have opened new avenues for the company's international development. With the continued trend of consumption returning to the domestic market and the benefits of various new policies being realized, the company's performance is expected to return to a growth trajectory.