China International Travel Service reports strong H1 2025 results, boosts dividends

China International Travel Service (CTGS) reported total revenue of 28.15 billion yuan and net profit attributable to shareholders of 2.59 billion yuan for the first half of 2025, while maintaining total assets of 75.00 billion yuan and net assets attributable to shareholders of 55.19 billion yuan. The company emphasizes its commitment to enhancing operational quality and shareholder returns through initiatives such as expanding duty-free channels, strengthening technology innovation, and improving investor relations. Notably, CTGS achieved a 1% increase in market share in Hainan's offshore duty-free market and secured operating rights for several new duty-free stores, including Guangzhou Baiyun International Airport Terminal 3.

The company's board approved an organizational structure adjustment and announced a cash dividend of 10.5 yuan per 10 shares (including tax) for 2024, representing a 50.91% payout ratio. Additionally, CTGS will donate 9.51 million yuan to poverty alleviation efforts in Yunnan Province.

In related news, CTGS completed the acquisition of China Duty Free Group Nanjing Airport Inbound Duty Free Company Limited, which transitioned from a joint venture to a subsidiary. An independent risk assessment of China Travel Group Finance Company Limited confirmed its sound financial standing and compliance with regulatory requirements, holding 19.22 billion yuan in member unit deposits and 32.14 million yuan in non-financing guarantees.