CHINA. China Tourism Group Duty Free Corporation, parent company of China Duty Free Group (CDFG), this week posted an impressive +21.18% year-on-year surge in first-quarter net income to CNY 2,348.3 million (US$342.4 million)
Q1 sales edged +0.96% ahead year-on-year to CNY16,906.02 million (US$2.47 billion).
Basic earnings per share from continuing operations reached CNY1.1351 (US$0.17), up from CNY0.9367 (US$0.14) a year ago.
Results were driven by a positive performance in Hainan province. As reported, CDFG celebrated 15 years of operations in Sanya on 20 April, reporting cumulative sales of CNY186 billion (US$27.2 billion) and reflecting on key achievements and strategic developments over that remarkable decade and a half.
According to figures just released by Haikou Customs, from 20 April 2011 to 19 April 2026 cumulative offshore duty-free sales across all Hainan travel retailers reached RMB286.4 billion (US$42 billion). During that 15-year period, 50.87 million shoppers purchased a combined number of 347.88 million duty-free items, the agency said.
