China's Top Duty-Free Retailer Reports a 16% Revenue Drop for 2024
CONFIRMED90% CONFIDENCEdfnionline.com[2] reports CDFG 'released its 2024 Annual Report on March 28, 2025'; the source[1] article itself does not state the announcement date.
China Tourism Group Duty Free (CDFG), the Hainan-based operator behind most of the country's duty-free shopping, reported 2024 revenue of CNY56.47 billion, down 16.4%, as weak domestic demand and falling Hainan sales hit results.
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