China Tourism Group Duty Free Corporation Limited’s Net Profit Dropped 30.6% in First Half of 2022

China Tourism Group Duty Free Corporation Limited (中国旅游集团中免股份有限公司) (601888.SH) reported a net profit of 4.5 billion yuan in the first half of 2022, down 30.6% year-on-year.

Meanwhile, the company posted 27.7 billion yuan in revenue, down 22.2% year-on-year.

At the end of the reporting period, it had 53.6 billion yuan in total assets and 17.4 billion yuan in total liabilities, with a liability-to-asset ratio of 32.4%.