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China Tourism Group Duty Free Corporation Limited Class H
(1880)
China Tourism Group Duty Free Corporation Limited Class H (1880) vs. iShares MSCI Hong Kong ETF (EWH)
China Tourism Group Duty Free Corporation Limited Class H Business Overview & Revenue Model
China Tourism Group Duty Free Corporation Limited Class H Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.31B | 56.47B | 67.54B | 54.43B | 67.68B | 52.60B |
| Gross Profit | 16.81B | 18.09B | 21.49B | 15.45B | 22.79B | 21.38B |
| EBITDA | 5.34B | 5.40B | 9.84B | 8.94B | 16.30B | 10.00B |
| Net Income | 3.40B | 4.27B | 6.71B | 5.03B | 9.65B | 6.14B |
Balance Sheet | ||||||
| Total Assets | 75.50B | 76.26B | 78.87B | 75.91B | 55.47B | 46.31B |
| Cash, Cash Equivalents and Short-Term Investments | 31.97B | 34.82B | 33.39B | 26.89B | 16.86B | 14.71B |
| Total Debt | 5.29B | 4.37B | 4.64B | 6.85B | 5.44B | 4.80B |
| Total Liabilities | 13.84B | 15.31B | 19.69B | 21.78B | 20.68B | 20.13B |
| Stockholders Equity | 55.67B | 55.10B | 53.83B | 48.57B | 29.62B | 22.31B |
Cash Flow | ||||||
| Free Cash Flow | 5.24B | 6.82B | 13.32B | -6.41B | 6.17B | 6.97B |
| Operating Cash Flow | 3.43B | 7.94B | 15.13B | -3.42B | 8.33B | 8.20B |
| Investing Cash Flow | -3.32B | -454.30M | -4.72B | -3.81B | -2.32B | -3.81B |
| Financing Cash Flow | -2.94B | -4.37B | -4.63B | 15.45B | -3.82B | -1.38B |
China Tourism Group Duty Free Corporation Limited Class H Technical Analysis
China Tourism Group Duty Free Corporation Limited Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$326.35B | 9.75 | 13.71% | 3.48% | 16.27% | -3.87% | |
70 Outperform | HK$2.85T | 23.16 | 12.42% | 1.34% | 4.89% | 50.48% | |
68 Neutral | HK$196.12B | 51.32 | 6.52% | 1.81% | -10.42% | -37.88% | |
68 Neutral | HK$594.05B | -257.07 | -1.32% | ― | 11.91% | -106.71% | |
68 Neutral | HK$45.54B | 19.49 | 20.87% | 3.18% | 13.14% | -19.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.83B | 19.34 | 8.44% | 4.75% | -3.18% | -36.46% |
China Tourism Group Duty Free Corporation Limited Class H Corporate Events
China Tourism Group Duty Free Corporation Limited has agreed, via its indirect wholly owned subsidiary China Duty Free International Limited, to acquire DFS’ Greater China retail business through a combination of share and asset purchases from DFS entities ultimately owned by LVMH and the Miller family. In parallel, LVMH’s Delphine SAS and Shoppers Holdings HK Limited, linked to the Miller family, will subscribe for new H shares in the company upon completion of the acquisition, and China Tourism Group Duty Free has also signed a memorandum of understanding with LVMH to pursue broader strategic cooperation in areas such as product sales, store development, brand promotion and customer experience in Greater China. The transaction, classified as a disclosable transaction under Hong Kong Listing Rules, is expected to deepen the company’s presence in Greater China travel retail, strengthen ties with global luxury powerhouse LVMH, and potentially enhance its competitive positioning and growth prospects in the regional luxury and tourism retail market.
The most recent analyst rating on (HK:1880) stock is a Hold with a HK$88.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has amended its Rules of Procedure for the Board’s Nomination Committee, refining the framework governing the selection and oversight of directors and senior management. The updated rules specify the committee’s composition—requiring a majority of independent directors, minimum membership thresholds, gender diversity and alignment of terms with the board—as well as detailed responsibilities, including establishing selection criteria, evaluating candidates’ qualifications and independence, planning board succession, maintaining a skills matrix and board diversity objectives, and supporting regular board performance evaluations, thereby strengthening corporate governance and board effectiveness.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has amended the Rules of Procedure for its Board’s Audit and Risk Management Committee, effective December 2025, to further strengthen internal audit, risk management, compliance and internal control systems in line with Chinese company law, securities regulation and central state-owned enterprise governance requirements. The updated framework clarifies the Committee’s role as an advisory and supervisory body to the Board, specifies its composition—requiring a majority of independent directors and at least one accounting professional—sets restrictions on former audit firm partners joining the Committee, and formalizes the supporting role of the Company’s Audit Department and other functional units, underscoring an increased emphasis on governance rigor and oversight that is likely to enhance transparency and risk control for shareholders and other stakeholders.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has amended and formalized the Rules of Procedure for its Strategy and Sustainability Committee under the Board of Directors, strengthening the committee’s role in guiding the company’s medium- and long-term development and ESG management. The committee, composed of at least three directors including at least one independent director and chaired by the board chairman, is mandated to study and make recommendations on strategic planning, major investments, restructurings, capital operations and key ESG matters, including environmental, anti-corruption and occupational safety issues. By clarifying the committee’s composition, responsibilities and working mechanisms, the company aims to institutionalize strategic oversight, improve scientific investment decision-making and reinforce its sustainability governance framework, signaling a more structured approach to long-term competitiveness and stakeholder-focused management.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has entered into a 2026 Framework Agreement with its controlling shareholder, China Tourism Group, to govern ongoing connected transactions after the existing 2025 framework expires at the end of 2025. Under the new agreement, the group will both purchase and provide certain comprehensive services and lease properties to and from CTG’s group companies in line with their respective operational and office needs, while ensuring the arrangements remain within Hong Kong Listing Rules thresholds that largely exempt them from independent shareholder approvals and, in some cases, from reporting and annual review requirements. The announcement also clarifies that leases from CTG will not create additional right-of-use assets under accounting rules, and that all transaction categories are being disclosed to satisfy Shanghai Stock Exchange-related party transaction review and disclosure standards, underscoring the group’s efforts to maintain regulatory compliance in its cross-market listing environment.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has amended the rules of procedure for its Board Remuneration and Evaluation Committee, effective December 2025, to refine the framework governing performance appraisal and remuneration management for directors and senior management. The revised rules clarify the committee’s composition, emphasizing a majority of independent directors, define its mandate to set appraisal standards, formulate and review remuneration policies, oversee equity incentive and employee share ownership plans, and ensure transparent, market‑aligned pay structures and clawback arrangements, underscoring a push to strengthen corporate governance and align management incentives with corporate goals and shareholder interests.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has announced that its wholly owned subsidiary, China Duty Free Group Co., Ltd., has signed a project agreement with Beijing Capital Airport Commercial & Trading Co., Ltd. to operate duty-free stores in the international departure and arrival isolation area of Terminal 3 at Beijing Capital International Airport. The project covers a retail space of 10,646.74 square meters, with the operating term running from the later of 11 February 2026 or the delivery date until 10 February 2034, and a fee structure based on guaranteed operating expenses starting at RMB480.27 million in the first year plus a sales-based commission that rises annually until the fifth year. The agreement also allows for adjusted commission terms for lower-margin, high-appeal products to enhance competitiveness and consumer experience. The company will use the subsidiary as the operating vehicle for these duty-free stores, and expects the project to further consolidate its competitive edge in core airport channels and have a positive impact on its future operating performance.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Duty Free Group, a wholly owned subsidiary of China Tourism Group Duty Free Corporation Limited, has been selected as the successful bidder for the duty-free concession at Terminal 3 of Beijing Capital International Airport, committing to guaranteed first-year operating expenses of RMB480.27 million and a 5% sales-based commission rate, with an operating term running to February 10, 2034. The company expects the project to strengthen its competitive edge in major domestic airport channels, broaden and upgrade duty-free shopping options for travellers, and support the high-quality growth of its airport duty-free business, though it cautions that final terms remain subject to a formal agreement and associated uncertainties for investors.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited announced that its wholly-owned subsidiary, China Duty Free Group, has successfully secured the rights to operate duty-free stores at both Shanghai Pudong International Airport and Shanghai Hongqiao International Airport. Under the agreement, the company will manage stores in key international terminals with an initial five-year term that can extend to three additional years based on performance. This development strengthens the company’s footprint in the highly competitive duty-free retail market, enhancing its position as a major operator in high-traffic travel hubs and providing potential for significant revenue growth.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has announced an updated cash dividend for the first three quarters of 2025, with a declared dividend of RMB 0.25 per share. The dividend will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.097984, with the payment date set for January 15, 2026. This announcement reflects the company’s ongoing commitment to shareholder returns and may impact its financial position and attractiveness to investors.
The most recent analyst rating on (HK:1880) stock is a Hold with a HK$61.70 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited held its 2025 first extraordinary general meeting and H Shareholders’ class meeting on November 24, 2025, in Beijing. The meetings were attended by shareholders representing approximately 54.68% of the total shares with voting rights, and all resolutions were passed without any shareholder abstaining or voting against them, indicating strong shareholder support and a stable governance structure.
The most recent analyst rating on (HK:1880) stock is a Hold with a HK$61.70 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited announced a cash dividend of RMB 0.25 per share for the third quarter of the financial year ending December 31, 2025. The announcement includes updated information regarding shareholders’ approval and withholding tax details, which could impact non-resident and resident shareholders differently based on tax treaties and local regulations. This dividend declaration reflects the company’s ongoing commitment to returning value to its shareholders and may influence its market positioning by attracting more investors seeking dividend income.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$87.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has announced its 2025 first extraordinary general meeting scheduled for November 24, 2025, in Beijing. The meeting will address several key resolutions, including the abolishment of the Supervisory Board, amendments to the company’s Articles of Association, and granting the Board of Directors mandates to issue and repurchase shares. These resolutions indicate a strategic shift in the company’s governance and operational structure, potentially impacting its market strategy and shareholder value.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$87.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.
China Tourism Group Duty Free Corporation Limited has announced the 2025 first H Shareholders’ Class Meeting scheduled for November 24, 2025, in Beijing. The meeting will address a special resolution granting the Board of Directors a general mandate to repurchase shares, which could impact the company’s stock market strategy and shareholder value.
The most recent analyst rating on (HK:1880) stock is a Buy with a HK$87.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.