China Tourism Group Duty Free Corporation Limited (SHA:601888)
China · Delayed Price · Currency is CNY 52.06
-0.23 (-0.44%)
Aug 24, 2026, 3:00 PM CST
SHA:601888 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 4,093 | 3,586 | 4,267 | 6,714 | 5,030 | 9,654 |
Depreciation & Amortization | 1,200 | 843.31 | 1,073 | 896.59 | 1,132 | 1,278 |
Other Amortization | 439.96 | 470.65 | 469.06 | 412.92 | 305.13 | 244.08 |
Loss (Gain) From Sale of Assets | -39.82 | -50.31 | -23.82 | -48.29 | -9.09 | -1.25 |
Asset Writedown & Restructuring Costs | 345.69 | 345.85 | 0.21 | 20.04 | 0.01 | 0.42 |
Loss (Gain) From Sale of Investments | 73.93 | 69.02 | -63.81 | -86.98 | -162.49 | -162.33 |
Provision & Write-off of Bad Debts | 1.98 | 2.01 | 0.02 | 0.53 | 0.18 | -0.16 |
Other Operating Activities | 305.2 | 753.99 | 1,383 | 1,485 | 1,827 | 3,439 |
Change in Accounts Receivable | -1,912 | -882.74 | -113.54 | -580.7 | -426.45 | -446.58 |
Change in Inventory | -341.46 | 1,681 | 3,847 | 6,232 | -8,792 | -5,491 |
Change in Accounts Payable | 1,370 | -1,292 | -2,925 | 306.07 | -2,417 | -556.86 |
Operating Cash Flow | 5,931 | 6,059 | 7,939 | 15,126 | -3,415 | 8,329 |
Operating Cash Flow Growth | -4.91% | -23.69% | -47.51% | - | - | 1.56% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,323 | -1,273 | -1,119 | -1,802 | -2,995 | -2,155 |
Sale of Property, Plant & Equipment | 52.99 | 53.53 | 0.8 | 0.31 | 4.64 | 1.65 |
Cash Acquisitions | -1,845 | -5.02 | 18.31 | - | - | -126.48 |
Investment in Securities | -6,944 | -2,275 | 247.46 | -2,923 | -875 | -61.5 |
Other Investing Activities | 34.29 | 19.34 | 398.11 | 8.64 | 59.09 | 23.64 |
Investing Cash Flow | -10,026 | -3,480 | -454.3 | -4,716 | -3,807 | -2,318 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 708.09 | 63.66 | 159.5 | 4,010 | - |
Total Debt Issued | 266.76 | 708.09 | 63.66 | 159.5 | 4,010 | - |
Long-Term Debt Repaid | - | -782.41 | -881.28 | -2,275 | -670.68 | -418.02 |
Total Debt Repaid | -1,131 | -782.41 | -881.28 | -2,275 | -670.68 | -418.02 |
Net Debt Issued (Repaid) | -864.58 | -74.32 | -817.62 | -2,115 | 3,339 | -418.02 |
Issuance of Common Stock | 607.3 | - | - | - | 16,081 | - |
Common Dividends Paid | -711.7 | -2,743 | -3,498 | -1,771 | -2,943 | -1,971 |
Other Financing Activities | -559.61 | -364.38 | -51.94 | -741.9 | -1,023 | -1,428 |
Financing Cash Flow | -1,529 | -3,182 | -4,367 | -4,628 | 15,455 | -3,817 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -647.02 | -429.81 | -96.99 | 207.2 | 872.94 | -196.39 |
Net Cash Flow | -6,270 | -1,034 | 3,021 | 5,990 | 9,106 | 1,998 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 4,608 | 4,785 | 6,820 | 13,325 | -6,411 | 6,174 |
Free Cash Flow Growth | -13.80% | -29.84% | -48.81% | - | - | -11.39% |
Free Cash Flow Margin | 8.66% | 8.91% | 12.08% | 19.73% | -11.78% | 9.12% |
Free Cash Flow Per Share | 2.23 | 2.31 | 3.30 | 6.44 | -3.22 | 3.16 |
Levered Free Cash Flow | 3,935 | 2,612 | 3,772 | 8,617 | -6,011 | 2,708 |
Unlevered Free Cash Flow | 4,072 | 2,723 | 3,899 | 8,803 | -5,890 | 2,846 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 2,415 | 2,196 | 1,911 | 5,761 | 6,959 | 5,478 |
Change in Working Capital | -489.18 | 37.87 | 834.45 | 5,733 | -11,539 | -6,123 |