China Tourism Group Duty Free Corporation Limited (HKG: 1880)

China Tourism Group Duty Free Corporation Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	58,759	66,576	54,006	66,941	52,069	48,188
Other Revenue	964.42	964.42	427.24	734.2	528.55	424.29
Revenue	59,724	67,540	54,433	67,676	52,598	48,612
Revenue Growth (YoY)	-9.38%	24.08%	-19.57%	28.67%	8.20%	3.41%
Cost of Revenue	40,760	46,687	39,573	45,381	32,129	24,018
Gross Profit	18,963	20,853	14,860	22,294	20,468	24,595
Selling, General & Admin	11,363	11,629	6,241	6,111	10,485	17,163
Research & Development	57.37	58.42	39.03	-	-	-
Other Operating Expenses	1,378	1,644	1,215	1,839	1,083	890.05
Operating Expenses	12,801	13,332	7,496	7,950	11,563	18,063
Operating Income	6,163	7,520	7,365	14,344	8,906	6,532
Interest Expense	-241.93	-297.89	-194.18	-221.86	-16.89	-13.23
Interest & Investment Income	1,241	1,132	469.99	389.31	264.6	1,292
Currency Exchange Gain (Loss)	291.06	291.06	-190.12	283.43	536.99	-139.24
Other Non Operating Income (Expenses)	-284.7	-166.69	-136.15	-269.51	-232.98	-165.02
EBT Excluding Unusual Items	7,168	8,479	7,314	14,526	9,458	7,507
Gain (Loss) on Sale of Assets	42.21	28.53	9.08	0.82	-0.4	-0.97
Asset Writedown	89.62	-0.27	-	-	-	-166.67
Other Unusual Items	220.42	137.98	293.62	275.07	214.39	68.54
Pretax Income	7,520	8,646	7,617	14,801	9,672	7,407
Income Tax Expense	1,366	1,379	1,429	2,437	2,335	1,801
Earnings From Continuing Operations	6,154	7,266	6,188	12,365	7,336	5,607
Minority Interest in Earnings	-727.43	-552.53	-1,158	-2,711	-1,197	-975.01
Net Income	5,427	6,714	5,030	9,654	6,140	4,632
Net Income to Common	5,427	6,714	5,030	9,654	6,140	4,632
Net Income Growth	-3.24%	33.46%	-47.89%	57.23%	32.56%	49.66%
Shares Outstanding (Basic)	2,069	2,069	1,990	1,952	1,952	1,952
Shares Outstanding (Diluted)	2,069	2,069	1,990	1,952	1,952	1,952
Shares Change (YoY)	0.00%	3.96%	1.93%	-0.00%	0.00%	-0.00%
EPS (Basic)	2.62	3.25	2.53	4.94	3.14	2.37
EPS (Diluted)	2.62	3.25	2.53	4.94	3.14	2.37
EPS Growth	-3.25%	28.38%	-48.88%	57.23%	32.56%	49.67%
Free Cash Flow	5,387	13,325	-6,411	6,174	6,967	1,605
Free Cash Flow Per Share	2.60	6.44	-3.22	3.16	3.57	0.82
Dividend Per Share	1.650	1.650	0.800	1.500	1.000	0.720
Dividend Growth	106.25%	106.25%	-46.67%	50.00%	38.89%	30.91%
Gross Margin	31.75%	30.87%	27.30%	32.94%	38.91%	50.59%
Operating Margin	10.32%	11.13%	13.53%	21.20%	16.93%	13.44%
Profit Margin	9.09%	9.94%	9.24%	14.26%	11.67%	9.53%
Free Cash Flow Margin	9.02%	19.73%	-11.78%	9.12%	13.25%	3.30%
EBITDA	6,538	7,849	7,632	14,580	9,220	6,828
EBITDA Margin	10.95%	11.62%	14.02%	21.54%	17.53%	14.05%
D&A For EBITDA	375.32	328.83	266.84	235.67	313.96	295.83
EBIT	6,163	7,520	7,365	14,344	8,906	6,532
EBIT Margin	10.32%	11.13%	13.53%	21.20%	16.93%	13.44%
Effective Tax Rate	18.16%	15.95%	18.76%	16.46%	24.15%	24.31%
Revenue as Reported	59,724	67,540	54,433	67,676	52,598	48,612
Advertising Expenses	-	410.27	360.8	356.89	242.63	490.94

Source: S&P Capital IQ. Standard template. Financial Sources.