HK Stock Market Move | China Tourism Group Duty Free Corporation (01880) rose more than 8% during trading hours, institutions continue to pay attention to the marginal changes in the New Year duty-free retail industry.

China Tourism Group Duty Free Corporation (01880) rose by more than 8% during trading, rising 5.02% as of press time to HK$50.25, with a turnover of HK$320 million. On the news front, according to statistics from Haikou Customs, during the 2025 Spring Festival travel period, Haikou Customs supervised a total of 6.61 billion yuan in duty-free shopping on the outlying islands, with 818,000 duty-free shoppers and 5.642 million items purchased. China Securities Co., Ltd. pointed out the continuous focus on changes in the margin of the new year's duty-free retail industry, the specific construction of duty-free shops in the city, the market space situation, the effect of stimulating consumption in pilot cities, the promotion of the construction of leading and regional duty-free scenes nationwide, and the advancement of consumption tax collection process. China Tourism Group Duty Free Corporation previously announced that its operating income in 2024 was 56.492 billion yuan, a year-on-year decrease of 16.36%; net profit attributable to shareholders was 4.263 billion yuan, a year-on-year decrease of 36.50%. In the fourth quarter, revenue was 13.5 billion yuan, a year-on-year decrease of 19%; net profit attributable to shareholders was 340 million yuan, a year-on-year decrease of 77%. Guosen pointed out that the company's current fundamentals are fundamentally restrained by consumer trends and international perfume cycle changes, and the uncertainty of the competitive landscape in Hainan is still suppressing valuation; however, as a global duty-free leader, the core position in tourism retail and traffic value provides support.