Zhitong Financial APP learned that according to the disclosure of the Hong Kong Stock Exchange on August 9,China waiver (temporary code) (810163.HK) $Through the listing hearing of the Hong Kong Stock Exchange, China International Capital Corporation and UBS are its co-sponsors.
China Tourism Group China exemption Co., Ltd. was founded in 1984. after nearly 40 years of development, the company has developed into the world's largest tourism retail operator, focusing on selling high-quality duty-free and duty-free goods to domestic and foreign tourists and middle and high-end customers. to form a full range of shopping experience. According to Frost Sullivan, the company's global ranking in terms of sales revenue has risen over the past decade, from 19th in 2010 to 12th in 2015, and to fourth in 2019. And ranked first in the world in 2020 and 2021.
In 2021, the company accounts for 24.6% of the global tourism retail market share. With tax exemption as the core, the company develops China's tourism retail business and strives to expand its global layout. The company is the only retail operator in China that covers fully duty-free sales channels, including port stores, outlying island stores, intra-city stores, cruise stores, on-board stores and foreign ship supply stores. The company has the largest number of duty-free shops in the country. As of December 31, 2021, the company is one of nine groups of entities holding duty-free operating licenses in China, one of five groups of entities holding duty-free operating licenses to operate duty-free port stores across the country, and the only group holding operating licenses to operate all kinds of duty-free shops in China.
As of the latest practicable date, the company operates 193 stores, including 184 stores in 100 cities in 28 provinces, municipalities and autonomous regions of China, and 9 overseas duty-free shops, including 7 operating in Hong Kong, Macau and Cambodia and 2 cruise duty-free shops. From 2019 to 2021, the company's stores alone served more than 2.2 billion passengers, according to Frost Sullivan.
The company is the leader in China's tax-free industry. Since its establishment in 1984, the company has continued to promote the development of China's tax-free industry. It is expected that the favorable outlying island tax exemption policy will be implemented soon, and the company successfully opened China's first outlying island store in Sanya in 2011; in addition, it opened China's first tourism retail complex, Sanya International duty-free City, in 2014. become the forerunner of China's duty-free industry tourism retail complex business model. Sanya International duty-free city has become a new landmark of Hainan tourism, and it is also the largest retail complex with single sales area in the world by 2020, with a retail area of more than 70,000 square meters and focusing on duty-free business. at the same time, operating tax retail, catering, entertainment and leisure and other businesses to provide tourists with a wide range of one-stop shopping and leisure experience.
The company's business mainly includes the sale of duty-free and duty-free goods to domestic and overseas tourists. The company's supply chain and sales channels are the key to the company's success in commodity sales. As of March 31, 2022, the company's brand portfolio includes more than 1200 brands from around the world, many of which are household names. As of March 31, 2022, the company has a product portfolio of more than 316000 SKU, including incense, fashion and accessories, alcohol and tobacco, as well as food and others.
Financially, in 2019, 2020, 2021 and the three months ended March 31, 2021 and 2022, the company's revenue was about $48.013 billion, $52.598 billion, $67.676 billion, $18.134 billion and $16.782 billion respectively. In 2019, 2020, 2021 and the three months ended March 31, 2021 and 2022, the company's net profit was approximately 5.471 billion yuan, 7.109 billion yuan, 12.441 billion yuan, 3.428 billion yuan and 2.934 billion yuan respectively.