China Tourism Group Duty Free Corporation Limited (SHA:601888)

SHA:601888 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	55,760	66,576	54,006	66,941	52,069
Other Revenue	713.36	964.42	427.24	734.2	528.55
Revenue	56,474	67,540	54,433	67,676	52,598
Revenue Growth (YoY)	-16.38%	24.08%	-19.57%	28.67%	8.20%
Cost of Revenue	39,127	46,687	39,573	45,381	32,129
Gross Profit	17,347	20,853	14,860	22,294	20,468
Selling, General & Admin	11,052	11,629	6,241	6,111	10,485
Research & Development	19.87	58.42	39.03	-	-
Other Operating Expenses	1,251	1,644	1,215	1,839	1,083
Operating Expenses	12,323	13,332	7,496	7,950	11,563
Operating Income	5,024	7,520	7,365	14,344	8,906
Interest Expense	-202.5	-297.89	-194.18	-221.86	-16.89
Interest & Investment Income	1,223	1,132	469.99	389.31	264.6
Currency Exchange Gain (Loss)	115.27	291.06	-190.12	283.43	536.99
Other Non Operating Income (Expenses)	-146.19	-166.69	-136.15	-269.51	-232.98
EBT Excluding Unusual Items	6,013	8,479	7,314	14,526	9,458
Gain (Loss) on Sale of Assets	23.62	28.53	9.08	0.82	-0.4
Asset Writedown	-	-0.27	-	-	-
Other Unusual Items	111.08	137.98	293.62	275.07	214.39
Pretax Income	6,148	8,646	7,617	14,801	9,672
Income Tax Expense	1,286	1,379	1,429	2,437	2,335
Earnings From Continuing Operations	4,862	7,266	6,188	12,365	7,336
Minority Interest in Earnings	-595.38	-552.53	-1,158	-2,711	-1,197
Net Income	4,267	6,714	5,030	9,654	6,140
Net Income to Common	4,267	6,714	5,030	9,654	6,140
Net Income Growth	-36.44%	33.46%	-47.89%	57.23%	32.56%
Shares Outstanding (Basic)	2,069	2,069	1,990	1,952	1,952
Shares Outstanding (Diluted)	2,069	2,069	1,990	1,952	1,952
Shares Change (YoY)	0.00%	3.96%	1.93%	-0.00%	0.00%
EPS (Basic)	2.06	3.25	2.53	4.94	3.14
EPS (Diluted)	2.06	3.25	2.53	4.94	3.14
EPS Growth	-36.44%	28.38%	-48.88%	57.23%	32.56%
Free Cash Flow	6,820	13,325	-6,411	6,174	6,967
Free Cash Flow Per Share	3.30	6.44	-3.22	3.16	3.57
Dividend Per Share	1.050	1.650	0.800	1.500	1.000
Dividend Growth	-36.36%	106.25%	-46.67%	50.00%	38.89%
Gross Margin	30.72%	30.88%	27.30%	32.94%	38.91%
Operating Margin	8.90%	11.13%	13.53%	21.20%	16.93%
Profit Margin	7.56%	9.94%	9.24%	14.27%	11.67%
Free Cash Flow Margin	12.08%	19.73%	-11.78%	9.12%	13.25%
EBITDA	5,419	7,876	7,632	14,580	9,220
EBITDA Margin	9.60%	11.66%	14.02%	21.54%	17.53%
D&A For EBITDA	395.35	355.72	266.84	235.67	313.96
EBIT	5,024	7,520	7,365	14,344	8,906
EBIT Margin	8.90%	11.13%	13.53%	21.20%	16.93%
Effective Tax Rate	20.91%	15.95%	18.76%	16.46%	24.14%
Revenue as Reported	56,474	67,540	54,433	67,676	52,598
Advertising Expenses	274.08	410.27	360.8	356.89	242.63

Updated Jan 16, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.