China Tourism Group Duty Free Corporation Limited’s Net Profit Dropped 9.3% in First Half of 2023

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 4.1 billion yuan in the first half of 2023, down 9.3% year-on-year.

Meanwhile, the company posted 35.9 billion yuan in revenue, up 29.7% year-on-year.

At the end of the reporting period, it had 78.9 billion yuan in total assets and 21.8 billion yuan in total liabilities, with a liability-to-asset ratio of 27.6%.