HK Stock Market Move | China Tourism Group Duty Free Corporation (01880) fell nearly 3%, with analysts expecting that the company's first-half revenue will be negatively affected by the pressure from the airport duty-free and China Duty Free Online daily sales.

China Tourism Group Duty Free Corporation (01880) fell nearly 3%, closing at a decline of 2.98%, at 48.56 Hong Kong dollars, with a turnover of 244.641 million Hong Kong dollars. On the news front, China Tourism Group Duty Free Corporation recently released its mid-year performance report for 2026. GF SEC pointed out that in the first half of 2026, the company achieved revenue of 27.59 billion yuan, a year-on-year decrease of 2.0%, net profit attributable to the parent company was 3.11 billion yuan, a year-on-year increase of 19.5%, and non-net profit attributable to the parent company was 30.8 billion yuan, a year-on-year increase of 18.7%; Among them, in the second quarter of 2026, revenue was 10.69 billion yuan, a year-on-year decrease of 6.3%, net profit attributable to the parent company was 760 million yuan, a year-on-year increase of 14.5%, and non-net profit attributable to the parent company was 740 million yuan, a year-on-year increase of 12.5%. GF SEC believes that since the beginning of the year, the performance of Shanghai and Capital Airport duty-free shops has been affected by factors such as the landing of new tendering and the transfer of operations, and sales performance is expected to be under pressure in the interim period, which has caused certain drag on the company's revenue in the first half of the year. A steady recovery is expected in the second half of the year; the duty-free sales of China Duty Free Shop Online have not fully recovered, which has also put pressure on online sales with taxes. It is expected that with the orderly resumption of shipments from Shanghai and the reception of some online demand by Hainan members, the overall recovery of online tax-free sales is expected.