China Tourism Group Duty Free Corporation Limited (01880.HK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	53.0B	53.7B	56.5B	67.5B	54.4B
Cost of Revenue	35.7B	36.1B	38.4B	46.0B	39.0B
Gross Profit	17.2B	17.6B	18.1B	21.5B	15.5B
Operating Expenses
R&D Expense	54.4M	90.0M	19.9M	58.4M	39.0M
SG&A Expense	1.6B	1.7B	2.0B	9.8B	4.4B
General & Admin Expense	(102.1M)	306.2M	385.3M	325.3M	317.6M
Selling & Marketing Expense	(958.8M)	1.4B	1.6B	9.5B	4.1B
Other Expenses	10.3B	10.5B	9.9B	3.0B	(2.5M)
Total Operating Expenses	11.9B	12.3B	11.9B	12.8B	7.2B
Cost and Expenses	47.6B	48.4B	50.3B	58.9B	46.2B
Operating Income (EBIT)	5.2B	5.3B	6.2B	8.7B	7.6B
Non-Operating
Interest Income	818.7M	891.1M	1.2B	1.0B	307.5M
Interest Expense	217.8M	178.4M	202.5M	467.7M	194.2M
Net Interest Income	600.8M	712.7M	956.7M	577.7M	(30.2M)
Other Non-Op Income/Expense	117.0M	3.2M	(29.8M)	(31.7M)	(2.5M)
Non-Operating Income (excl Interest)	(180.1M)	(181.6M)	1.2B	(266.2M)	(191.6M)
EBT (Pre-Tax Income)	5.3B	5.3B	6.1B	8.6B	7.6B
Income Tax Expense	1.5B	1.6B	1.3B	1.4B	1.4B
Bottom Line
Net Income	4.1B	3.6B	4.3B	6.7B	5.0B
Earnings from Cont. Ops	3.8B	3.7B	4.9B	7.3B	6.2B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	4.1B	3.6B	4.3B	6.7B	5.0B
Per Share
Basic EPS	HK$1.98	HK$1.73	HK$2.06	HK$3.25	HK$2.53
Diluted EPS	HK$1.98	HK$1.73	HK$2.06	HK$3.25	HK$2.53
Revenue Per Share	HK$26.50	HK$25.95	HK$27.30	HK$32.65	HK$27.35
Shares
Basic Shares Outstanding	2.0B	2.1B	2.1B	2.1B	2.0B
Diluted Shares Outstanding	2.0B	2.1B	2.1B	2.1B	2.0B
Profitability Metrics
EBITDA	5.7B	6.8B	5.4B	9.8B	8.9B
D&A	457.5M	1.3B	395.4M	896.6M	1.1B
EBIT	5.2B	5.5B	5.0B	8.9B	7.8B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026