Movement Alert|China Tourism Group Duty Free Rises 3.05% in Regular Trading, Departure Tax Refund Policy Upgrade Combined with Buyback Authorization and Dividend Plan

Market Focus
06/10

On June 10, China Tourism Group Duty Free rose 3.05% in regular trading, trading at 55.8 HKD/share, with trading volume of 76.46 million HKD.

On the news front, six government departments jointly introduced eight measures to optimize departure tax refunds, effective from July. The new policy implements spot-check procedures for refund receipts under 10,000 RMB, promotes paperless processing, and extends the departure deadline to 28 days, further facilitating inbound tourist shopping refunds. Meanwhile, the board received general authorization to repurchase up to 10% of issued A-shares and H-shares respectively, and confirmed a final dividend of 0.45 RMB per share to be distributed on August 14.

Fundamentally, the company reported Q1 net profit growth of 21.18% year-over-year, with Hainan regional revenue surging 28.26%. Hainan duty-free shopping spending rose 26% and inbound tourist arrivals increased over 53% year-over-year in Q1, directly boosting duty-free consumption demand. Additionally, RMB appreciation of approximately 6% against the USD is expected to support margin improvement given the company's supply chain advantages.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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