According to the Zhītōng Finance App, China Tourism Group Duty Free Corporation (01880) has fallen by more than 4%. As of this writing, it has dropped 4.28%, reported at HKD 6.04, with a turnover of HKD 103 million.

According to data from Haikou Customs, the sales of duty-free goods on Hainan's outlying islands fell by 45% year-on-year to RMB 2.17 billion in April, with a larger decline than in March. Among them, the number of duty-free shoppers decreased by 24%, and the average spending per person decreased by 27%. According to Xinda Securities, as Hainan enters the low season of tourism, the sales of duty-free goods on outlying islands are under pressure. The overall passenger flow in Hainan also decreased due to the impact of weather during the rainy season.

Galaxy Securities previously pointed out that the sales of duty-free goods on outlying islands in May will continue to be under pressure due to the impact of the proxy purchase base and the market entering the low season. However, considering the accelerating recovery of inbound and outbound tourism, it is expected that the increase in port passenger flow and average spending per person will offset the adverse effects. In the medium and long term, the underlying logic of the duty-free industry remains unchanged. China Tourism Group Duty Free Corporation has a foothold in China's core duty-free flow channels. With the promotion of consumer recovery, multi-dimensional layout including outlying islands, airports, online and city centers will open up long-term space. The current company valuation is at the bottom area and has the potential for configuration value.