China Tourism Group Duty Free: Continue to be optimistic about the release of leading company's earnings elasticity, and attach importance to bottom allocation opportunities!

English summary

### China Tourism Group Duty Free: Continue to be optimistic about the release of leading company's earnings elasticity, and attach importance to bottom allocation opportunities! Time: 2026-07-29 21:48:59 Content: China Tourism Group Duty Free: Continue to be optimistic about the release of leading company's earnings elasticity, and attach importance to bottom allocation opportunities! #Q2 again validates Hainan's earnings elasticity. 26H1 revenue was RMB 27.59 billion, -2.0% YoY, net profit attributable to parent was RMB 3.11 billion, +19.5% YoY. Against the backdrop of significant pressure in Beijing Capital Airport, Shanghai Airport, and online channels in the first half, it again validates Hainan's considerable profit elasticity. #Hainan's resilience in the low season, with China Duty Free outperforming the industry. Island-wide Q2 2026 offshore duty-free sales increased 4% YoY. In the industry's low season overall, core categories such as beauty and premium goods supported resilient growth, #of which China Duty Free is expected to grow about 10% YoY in Hainan in Q2 (with duty-free about +6%), significantly outperforming the industry. As the peak season approaches, data improvement is expected. ...