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	56,492	66,576	54,006	66,941	52,069
Other Revenue	-	964.42	427.24	734.2	528.55
Revenue	56,492	67,540	54,433	67,676	52,598
Revenue Growth (YoY)	-16.36%	24.08%	-19.57%	28.67%	8.20%
Cost of Revenue	50,326	46,687	39,573	45,381	32,129
Gross Profit	6,166	20,853	14,860	22,294	20,468
Selling, General & Admin	-	11,629	6,241	6,111	10,485
Research & Development	-	58.42	39.03	-	-
Other Operating Expenses	-	1,644	1,215	1,839	1,083
Operating Expenses	-	13,332	7,496	7,950	11,563
Operating Income	6,166	7,520	7,365	14,344	8,906
Interest Expense	-	-297.89	-194.18	-221.86	-16.89
Interest & Investment Income	-	1,132	469.99	389.31	264.6
Currency Exchange Gain (Loss)	-	291.06	-190.12	283.43	536.99
Other Non Operating Income (Expenses)	-30.11	-166.69	-136.15	-269.51	-232.98
EBT Excluding Unusual Items	6,136	8,479	7,314	14,526	9,458
Gain (Loss) on Sale of Assets	-	28.53	9.08	0.82	-0.4
Asset Writedown	-	-0.27	-	-	-
Other Unusual Items	-	137.98	293.62	275.07	214.39
Pretax Income	6,136	8,646	7,617	14,801	9,672
Income Tax Expense	1,873	1,379	1,429	2,437	2,335
Earnings From Continuing Operations	4,263	7,266	6,188	12,365	7,336
Minority Interest in Earnings	-	-552.53	-1,158	-2,711	-1,197
Net Income	4,263	6,714	5,030	9,654	6,140
Net Income to Common	4,263	6,714	5,030	9,654	6,140
Net Income Growth	-36.50%	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	-36.50%	28.38%	-48.88%	57.23%	32.56%
Free Cash Flow	-	13,325	-6,411	6,174	6,967
Free Cash Flow Per Share	-	6.44	-3.22	3.16	3.57
Dividend Per Share	-	1.650	0.800	1.500	1.000
Dividend Growth	-	106.25%	-46.67%	50.00%	38.89%
Gross Margin	10.92%	30.87%	27.30%	32.94%	38.91%
Operating Margin	10.92%	11.13%	13.53%	21.20%	16.93%
Profit Margin	7.55%	9.94%	9.24%	14.26%	11.67%
Free Cash Flow Margin	-	19.73%	-11.78%	9.12%	13.25%
EBITDA	6,495	7,849	7,632	14,580	9,220
EBITDA Margin	11.50%	11.62%	14.02%	21.54%	17.53%
D&A For EBITDA	328.83	328.83	266.84	235.67	313.96
EBIT	6,166	7,520	7,365	14,344	8,906
EBIT Margin	10.92%	11.13%	13.53%	21.20%	16.93%
Effective Tax Rate	30.53%	15.95%	18.76%	16.46%	24.15%
Revenue as Reported	-	67,540	54,433	67,676	52,598
Advertising Expenses	-	410.27	360.8	356.89	242.63

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