China Tourism Group Duty Free Corporation Limited’s Net Profit Dropped 50.5% in First Three Quarters 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 5.5 billion yuan in the first three quarters of 2022, down 50.5% year-on-year.

Meanwhile, the company posted 39.4 billion yuan in revenue, down 20.5% year-on-year.

At the end of the reporting period, it had 69.6 billion yuan in total assets and 16.1 billion yuan in total liabilities, with a liability-to-asset ratio of 23.1%.