China Tourism Group Duty Free Corporation Limited’s Net Profit Dropped 50% in 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 6.2 billion yuan in 2022, down 50% year-on-year.

Meanwhile, the company posted 54.4 billion yuan in revenue, down 19.6% year-on-year.

At the end of the reporting period, it had 75.9 billion yuan in total assets and 21.8 billion yuan in total liabilities, with a liability-to-asset ratio of 28.7%.