{"slug":"china-tourism-group-duty-free","name":"중국중면(CDFG)","name_en":"China Tourism Group Duty Free Corporation","ticker":"601888.SS","updated_at":"2026-07-11T10:21:39.865+00:00","canonical":"https://valuechain.wiki/china-tourism-group-duty-free","kicker":"SSE 50 (상해)","kicker_en":"SSE 50 (Shanghai)","lead":"세계 최대 면세점 사업자로 하이난 등에서 면세 소매를 운영하는 중국 국유 관광 그룹 계열사다. 상해거래소 SSE 50 구성종목. 밸류체인 관계·수치 데이터는 조사 전인 기본 노드로, AI 질문 수요가 관측되면 상세 노드로 승격된다.","lead_en":"The world's largest duty-free retailer, running travel retail in Hainan and beyond under a state tourism group. SSE 50 (Shanghai) constituent. Baseline node ahead of value-chain research; promoted to a full node once AI question demand is observed.","segments":{"parts":[{"name":"면세품 판매"},{"name":"유세품(일반) 판매"}],"total":"약 ¥675억 (FY2023)"},"segments_en":{"parts":[{"name":"Duty-free merchandise sales"},{"name":"Duty-paid merchandise sales"}],"total":"approx. CN¥67.5B (FY2023)"},"returns_yearly":{"2021":-29.5,"2022":3.5,"2023":-62.1,"2024":-22.1,"2025":50.3,"2026":-41},"return_asof":"2026-07-10","value_chain":{"leading":[],"benefiting":[],"analysis":null,"analysis_en":null,"analysis_asof":null},"edges":[]}