China Tourism Group Duty Free Full Year 2024 Earnings: Misses Expectations

Simply Wall St

March 31, 2025

China Tourism Group Duty Free (SHSE:601888) Full Year 2024 Results

Key Financial Results

Revenue: CN¥56.5b (down 16% from FY 2023).
Net income: CN¥4.27b (down 36% from FY 2023).
Profit margin: 7.6% (down from 9.9% in FY 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥2.06 (down from CN¥3.25 in FY 2023).

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revenue-and-expenses-breakdown — SHSE:601888 Revenue and Expenses Breakdown March 31st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Tourism Group Duty Free Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 23%.

The primary driver behind last 12 months revenue was the Commodity Sales Business segment contributing a total revenue of CN¥56.2b (100% of total revenue). Notably, cost of sales worth CN¥39.1b amounted to 69% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥6.19b (47% of total expenses). Explore how 601888's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in China.

Performance of the Chinese Specialty Retail industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with China Tourism Group Duty Free.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.