---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/26693822.md"
description: "$CTG DUTY-FREE(01880.HK) released its full-year performance forecast for the fiscal year 2024 last week, achieving a revenue of 56.5 billion, a year-on-year decrease of 16%, and a net profit attributable to the parent company of 4.26 billion, a year-on-year decrease of 36.5%. Looking at the fourth quarter alone, revenue was 13.5 billion, down 19.3%, and net profit attributable to the parent company was 230 million, down 85% year-on-year.Compared to the third quarter's revenue growth rate of -22%, there was a slight improvement in Q4, but it still remains in the negative growth "deep water zone." Additionally, due to the seasonal peak of year-end expense settlements, profits have plummeted significantly. Overall, there are still no signs of a fundamental turnaround in performance. The focus going forward will be on the performance during the peak seasonal period of the Spring Festival & winter holidays."
datetime: "2025-01-20T06:12:40.000Z"
locales:
  - [en](https://longbridge.com/en/topics/26693822.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/26693822.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/26693822.md)
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# $CTG DUTY-FREE(01880.HK) released its full-year pe…


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## Comments (2)

- **花甲 · 2025-01-21T07:27:58.000Z**: China Tourism Group Duty Free's stock price plummeted.
  - **Dolphin Research** (2025-01-21T08:56:29.000Z): It's hard to go back to the glorious peak of last September.