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China Tourism Group Duty Free stock: key metrics
601888.SSChina Tourism Group Duty Free had an operating margin of 9.9% and a return on invested capital (ROIC) of 17.1% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 18.8% | 5.2% | 2.9% |
| 2007 | 18.7% | 6.3% | 3.6% |
| 2008 | 21.5% | 7.2% | 3.8% |
| 2009 | 22.6% | 9.0% | 5.2% |
| 2010 | 18.9% | 7.4% | 4.3% |
| 2011 | 20.7% | 8.5% | 5.4% |
| 2012 | 21.4% | 8.1% | 6.2% |
| 2013 | 23.8% | 9.7% | 7.4% |
| 2014 | 23.8% | 11.0% | 7.4% |
| 2015 | 24.4% | 10.8% | 7.1% |
| 2016 | 24.7% | 11.8% | 8.1% |
| 2017 | 29.9% | 13.6% | 8.9% |
| 2018 | 41.0% | 11.5% | 6.6% |
| 2019 | 50.6% | 15.1% | 9.5% |
| 2020 | 38.9% | 18.4% | 11.7% |
| 2021 | 32.9% | 21.9% | 14.3% |
| 2022 | 27.3% | 14.0% | 9.2% |
| 2023 | 30.9% | 12.8% | 9.9% |
| 2024 | 30.7% | 10.9% | 7.6% |
| 2025 | 100.0% | 9.9% | 6.7% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 37.5% | 45.6% | 6.4% |
| 2007 | 43.0% | 22.7% | 7.7% |
| 2008 | 24.8% | 23.4% | 7.3% |
| 2009 | 8.4% | 71.8% | 5.7% |
| 2010 | 10.0% | 66.1% | 6.3% |
| 2011 | 14.6% | 53.4% | 8.9% |
| 2012 | 18.0% | 44.3% | 11.3% |
| 2013 | 14.3% | 51.5% | 10.0% |
| 2014 | 14.6% | 52.6% | 10.0% |
| 2015 | 13.5% | 33.1% | 9.6% |
| 2016 | 14.4% | 35.8% | 10.5% |
| 2017 | 18.0% | 72.4% | 12.1% |
| 2018 | 19.1% | 71.4% | 11.5% |
| 2019 | 23.3% | 61.1% | 15.1% |
| 2020 | 27.5% | 65.3% | 14.6% |
| 2021 | 32.6% | 73.3% | 17.4% |
| 2022 | 10.4% | 22.4% | 6.6% |
| 2023 | 12.5% | 22.3% | 8.5% |
| 2024 | 7.7% | 15.6% | 5.6% |
| 2025 | 6.5% | 17.1% | 4.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 25 Apr 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.