China Merchants Port Holdings Company Limited (HKG: 0144)

China Merchants Port Holdings Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	11,472	11,482	12,545	11,850	8,945	8,898
Revenue Growth (YoY)	-3.12%	-8.47%	5.86%	32.48%	0.53%	-12.42%
Cost of Revenue	6,145	6,327	6,977	6,493	5,201	5,182
Gross Profit	5,327	5,155	5,568	5,357	3,744	3,716
Selling, General & Admin	1,385	1,360	1,454	1,499	1,322	1,378
Operating Expenses	1,435	1,410	1,516	1,551	1,371	1,421
Operating Income	3,892	3,745	4,052	3,806	2,373	2,295
Interest Expense	-1,779	-1,774	-1,861	-1,815	-1,822	-1,996
Interest & Investment Income	513	530	499	488	385	332
Earnings From Equity Investments	5,924	5,646	8,112	7,254	4,457	4,295
Currency Exchange Gain (Loss)	-64	-78	-481	8	446	-29
Other Non Operating Income (Expenses)	687	305	194	-531	-1,027	276
EBT Excluding Unusual Items	9,173	8,374	10,515	9,210	4,812	5,173
Impairment of Goodwill	-	-	-	-	-621	-
Gain (Loss) on Sale of Investments	443	99	-361	424	1,216	953
Gain (Loss) on Sale of Assets	93	93	-86	27	1,602	5,525
Asset Writedown	-6	-7	7	21	149	105
Other Unusual Items	-	-	-	944	-	-
Pretax Income	9,703	8,559	10,075	10,626	7,158	11,756
Income Tax Expense	1,388	1,174	1,046	1,241	1,077	2,518
Earnings From Continuing Operations	8,315	7,385	9,029	9,385	6,081	9,238
Minority Interest in Earnings	-873	-961	-1,019	-1,014	-878	-876
Net Income	7,442	6,424	8,010	8,371	5,203	8,362
Preferred Dividends & Other Adjustments	108	191	229	227	52	-
Net Income to Common	7,334	6,233	7,781	8,144	5,151	8,362
Net Income Growth	13.84%	-19.80%	-4.31%	60.89%	-37.78%	15.42%
Shares Outstanding (Basic)	4,165	4,068	3,861	3,704	3,522	3,374
Shares Outstanding (Diluted)	4,165	4,068	3,861	3,704	3,522	3,374
Shares Change (YoY)	4.92%	5.36%	4.25%	5.15%	4.40%	2.25%
EPS (Basic)	1.76	1.53	2.02	2.20	1.46	2.48
EPS (Diluted)	1.76	1.53	2.02	2.20	1.46	2.48
EPS Growth	10.83%	-23.97%	-8.35%	50.36%	-41.00%	12.89%
Free Cash Flow	-	5,929	7,267	6,951	4,033	3,633
Free Cash Flow Per Share	-	1.46	1.88	1.88	1.14	1.08
Dividend Per Share	0.730	0.700	0.820	0.940	0.690	0.800
Dividend Growth	-10.98%	-14.63%	-12.77%	36.23%	-13.75%	-15.79%
Gross Margin	46.43%	44.90%	44.38%	45.21%	41.86%	41.76%
Operating Margin	33.93%	32.62%	32.30%	32.12%	26.53%	25.79%
Profit Margin	63.93%	54.28%	62.02%	68.73%	57.59%	93.98%
Free Cash Flow Margin	-	51.64%	57.93%	58.66%	45.09%	40.83%
EBITDA	5,548	5,459	5,903	5,592	3,928	3,809
EBITDA Margin	48.36%	47.54%	47.05%	47.19%	43.91%	42.81%
D&A For EBITDA	1,656	1,714	1,851	1,786	1,555	1,514
EBIT	3,892	3,745	4,052	3,806	2,373	2,295
EBIT Margin	33.93%	32.62%	32.30%	32.12%	26.53%	25.79%
Effective Tax Rate	14.30%	13.72%	10.38%	11.68%	15.05%	21.42%

Source: S&P Capital IQ. Standard template. Financial Sources.