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China Tourism Group Duty Free Corporation Limited logo

China Tourism Group Duty Free Corporation Limited

1880.HK

HKSEConsumer CyclicalSpecialty Retail

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Latest quote

HK$48.94

+HK$0.46 · +0.95%

Aug 25, 4:08 PM HKT

1880.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Tourism Group Duty Free Corporation Limited, headquartered in Sanya, China, primarily operates in the duty-free travel retail sector across the country. The company's core business involves the wholesale and retail of a diverse range of duty-free products, including tobacco, alcoholic beverages, fragrances, beauty products, fashion accessories, apparel, and electronic items. Beyond its retail ventures, it also engages in the investment and development of commercial properties. The firm, which was established in 2008, adopted its current name in June 2020, having previously been known as China International Travel Service Corporation Limited. It functions as a subsidiary of China Tourism Group Co., Ltd.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
CN
CEO
Zhujun Chang
Listed since
Aug 25, 2022
Employees
14,485

Market position

52-week range

Current HK$48.94

Open
HK$48.94
Previous close
HK$48.48
Volume
0
0× average
Average volume
1.58M
Average daily volume
Market cap
121.87B HKD
Beta
0.46
Market reference 1
50-day average
HK$50.3316
-2.76% below average
200-day average
HK$67.7652
-27.78% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
116.98B CNY
EV / EBITDA
17.22×
Earnings yield
2.45%
Free cash flow yield
3.27%

Profitability & efficiency

Return on equity
6.47%
Return on assets
4.78%
Return on invested capital
5.62%

Financial health

Current ratio
5.83×
Altman Z-score
4.75
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%26%15%4%Gross margin, FY2021: 33.68%Gross margin, FY2022: 28.39%Gross margin, FY2023: 31.82%Gross margin, FY2024: 32.03%Gross margin, FY2025: 32.75%Operating margin, FY2021: 21.88%Operating margin, FY2022: 14.00%Operating margin, FY2023: 12.85%Operating margin, FY2024: 10.94%Operating margin, FY2025: 9.88%Net margin, FY2021: 14.26%Net margin, FY2022: 9.24%Net margin, FY2023: 9.94%Net margin, FY2024: 7.56%Net margin, FY2025: 6.68%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 33.68%. Gross margin FY2022 28.39%. Gross margin FY2023 31.82%. Gross margin FY2024 32.03%. Gross margin FY2025 32.75%. Operating margin FY2021 21.88%. Operating margin FY2022 14.00%. Operating margin FY2023 12.85%. Operating margin FY2024 10.94%. Operating margin FY2025 9.88%. Net margin FY2021 14.26%. Net margin FY2022 9.24%. Net margin FY2023 9.94%. Net margin FY2024 7.56%. Net margin FY2025 6.68%.

Income trends

Revenue

53.69B CNY-4.92%

Operating income

5.3B CNY-14.14%

Net income

3.59B CNY-15.96%
Income trends across reported periods74.08B CNY48.45B CNY22.81B CNY−2.82B CNYRevenue, FY2021: 67.68B CNYRevenue, FY2022: 54.43B CNYRevenue, FY2023: 67.54B CNYRevenue, FY2024: 56.47B CNYRevenue, FY2025: 53.69B CNYOperating income, FY2021: 14.8B CNYOperating income, FY2022: 7.62B CNYOperating income, FY2023: 8.68B CNYOperating income, FY2024: 6.18B CNYOperating income, FY2025: 5.3B CNYNet income, FY2021: 9.65B CNYNet income, FY2022: 5.03B CNYNet income, FY2023: 6.71B CNYNet income, FY2024: 4.27B CNYNet income, FY2025: 3.59B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 67.68B CNY. Revenue FY2022 54.43B CNY. Revenue FY2023 67.54B CNY. Revenue FY2024 56.47B CNY. Revenue FY2025 53.69B CNY. Operating income FY2021 14.8B CNY. Operating income FY2022 7.62B CNY. Operating income FY2023 8.68B CNY. Operating income FY2024 6.18B CNY. Operating income FY2025 5.3B CNY. Net income FY2021 9.65B CNY. Net income FY2022 5.03B CNY. Net income FY2023 6.71B CNY. Net income FY2024 4.27B CNY. Net income FY2025 3.59B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue53.69B CNY56.47B CNY67.54B CNY54.43B CNY67.68B CNY
Cost of goods sold36.11B CNY38.39B CNY46.05B CNY38.98B CNY44.88B CNY
Gross profit17.58B CNY18.09B CNY21.49B CNY15.45B CNY22.79B CNY
Research and development89.98M CNY19.87M CNY58.42M CNY39.03M CNY—
Selling, general, and administrative1.73B CNY2.03B CNY9.8B CNY4.41B CNY4.29B CNY
Operating expenses12.28B CNY11.91B CNY12.81B CNY7.2B CNY7.67B CNY
Interest income891.14M CNY1.16B CNY1.05B CNY307.5M CNY226.98M CNY
Interest expense178.42M CNY202.5M CNY467.69M CNY194.18M CNY221.86M CNY
Depreciation and amortization1.31B CNY395.35M CNY896.59M CNY1.13B CNY1.28B CNY
Operating income5.3B CNY6.18B CNY8.68B CNY7.62B CNY14.8B CNY
Net income3.59B CNY4.27B CNY6.71B CNY5.03B CNY9.65B CNY

Company facts updated Aug 25, 2026.

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ETFs holding 1880.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
12.14M
Weight
0.01%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.64+1.12%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
11.57M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$88.12+1.06%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
1.91M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$86.08+1.02%
Schwab Emerging Markets Equity ETF logoSchwab Emerging Markets Equity ETFSCHE
Market value
856.18K
Weight
0.01%
AUM
12.83B USD
Expense ratio
0.06%
Price / 1D
$37.08+1.09%
Vanguard Total World Stock ETF logoVanguard Total World Stock ETFVT
Market value
585.78K
Weight
0.00%
AUM
97.9B USD
Expense ratio
0.06%
Price / 1D
$160.99+0.56%
Dimensional - Emerging Core Equity Market ETF logoDimensional - Emerging Core Equity Market ETFDFAE
Market value
473.87K
Weight
0.00%
AUM
9.88B USD
Expense ratio
0.29%
Price / 1D
$39.69+1.69%
Global X China Consumer Brand ETF logoGlobal X China Consumer Brand ETF2806.HK
Market value
328.5K
Weight
0.22%
AUM
174.99M HKD
Expense ratio
0.68%
Price / 1D
HK$40.42+0.05%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
325.4K
Weight
0.00%
AUM
9.4B USD
Expense ratio
0.39%
Price / 1D
$40.20+1.69%

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