COSCO SHIPPING Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	226,432	233,570	175,106	390,806	333,479	171,042
Other Revenue	288.88	288.88	347.11	-	214.5	216.8
Revenue	226,720	233,859	175,453	390,806	333,694	171,259
Revenue Growth (YoY)	5.17%	33.29%	-55.11%	17.11%	94.85%	13.37%
Cost of Revenue	174,588	164,808	146,771	218,014	192,564	146,926
Gross Profit	52,133	69,051	28,682	172,792	141,130	24,333
Selling, General & Admin	9,206	9,521	7,172	10,418	11,452	9,646
Research & Development	1,014	986.16	1,049	1,357	849.38	260.38
Other Operating Expenses	-543.89	230.64	-1,778	1,675	438.36	-761
Operating Expenses	9,625	10,806	6,218	13,486	12,921	9,253
Operating Income	42,508	58,245	22,464	159,306	128,209	15,080
Interest Expense	-2,981	-3,058	-3,593	-3,681	-3,593	-4,084
Interest & Investment Income	11,344	11,098	12,225	7,854	3,814	3,497
Currency Exchange Gain (Loss)	612.92	612.92	1,923	2,982	-408.97	-512.37
Other Non Operating Income (Expenses)	107.64	-118.92	-169.92	-159.8	-174.25	-169.78
EBT Excluding Unusual Items	51,591	66,779	32,849	166,302	127,847	13,811
Gain (Loss) on Sale of Investments	43.77	17.45	5.7	-56.14	46.09	-27.11
Gain (Loss) on Sale of Assets	136.28	146.1	106.56	414.15	293.88	89.77
Asset Writedown	-23.34	-23.36	-13.16	-56.69	-63.53	-49.42
Other Unusual Items	-29.39	-29.39	131.46	494.21	-116.56	123.86
Pretax Income	51,718	66,890	33,080	167,097	128,007	13,948
Income Tax Expense	8,883	11,494	4,683	35,639	24,101	760.22
Earnings From Continuing Operations	42,835	55,395	28,397	131,459	103,905	13,187
Minority Interest in Earnings	-4,789	-6,295	-4,537	-21,756	-14,556	-3,260
Net Income	38,046	49,100	23,860	109,703	89,349	9,927
Net Income to Common	38,046	49,100	23,860	109,703	89,349	9,927
Net Income Growth	-4.68%	105.78%	-78.25%	22.78%	800.05%	46.76%
Shares Outstanding (Basic)	15,596	15,942	16,122	16,062	15,984	16,011
Shares Outstanding (Diluted)	15,596	15,942	16,122	16,180	16,070	16,011
Shares Change (YoY)	-2.85%	-1.12%	-0.36%	0.69%	0.36%	1.98%
EPS (Basic)	2.44	3.08	1.48	6.83	5.59	0.62
EPS (Diluted)	2.44	3.08	1.48	6.78	5.56	0.62
EPS Growth	-1.88%	108.11%	-78.17%	21.94%	796.77%	43.92%
Free Cash Flow	30,256	43,314	7,261	186,307	161,459	38,362
Free Cash Flow Per Share	1.94	2.72	0.45	11.51	10.05	2.40
Dividend Per Share	1.590	1.550	0.740	3.400	0.870	-
Dividend Growth	112.00%	109.46%	-78.23%	290.81%	-	-
Gross Margin	22.99%	29.53%	16.35%	44.21%	42.29%	14.21%
Operating Margin	18.75%	24.91%	12.80%	40.76%	38.42%	8.80%
Profit Margin	16.78%	21.00%	13.60%	28.07%	26.78%	5.80%
Free Cash Flow Margin	13.35%	18.52%	4.14%	47.67%	48.38%	22.40%
EBITDA	50,677	66,166	30,053	166,843	134,215	20,887
EBITDA Margin	22.35%	28.29%	17.13%	42.69%	40.22%	12.20%
D&A For EBITDA	8,170	7,921	7,589	7,538	6,006	5,807
EBIT	42,508	58,245	22,464	159,306	128,209	15,080
EBIT Margin	18.75%	24.91%	12.80%	40.76%	38.42%	8.80%
Effective Tax Rate	17.18%	17.18%	14.16%	21.33%	18.83%	5.45%
Revenue as Reported	226,720	233,859	175,453	391,058	333,694	171,259

Source: S&P Global Market Intelligence. Standard template. Financial Sources.