COSCO SHIPPING Holdings Co., Ltd. (HKG: 1919)

COSCO SHIPPING Holdings Income Statement

Financials in millions CNY. 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
Operating Revenue	184,459	175,101	390,806	333,479	171,042	150,815
Other Revenue	-	-	-	214.5	216.8	241.35
Revenue	184,459	175,101	390,806	333,694	171,259	151,057
Revenue Growth (YoY)	-32.15%	-55.20%	17.12%	94.85%	13.37%	25.02%
Cost of Revenue	152,769	146,779	218,014	192,564	146,926	134,833
Gross Profit	31,690	28,321	172,792	141,130	24,333	16,224
Selling, General & Admin	7,618	7,160	10,418	11,452	9,646	9,834
Research & Development	1,079	1,049	1,357	849.38	260.38	277.41
Other Operating Expenses	-2,023	-2,125	1,675	438.36	-761	-479.68
Operating Expenses	6,712	5,858	13,486	12,921	9,253	9,667
Operating Income	24,978	22,463	159,306	128,209	15,080	6,557
Interest Expense	-3,420	-3,593	-3,681	-3,593	-4,084	-6,064
Interest & Investment Income	11,439	12,223	7,854	3,814	3,497	10,831
Currency Exchange Gain (Loss)	105.63	1,923	2,982	-408.97	-512.37	414.93
Other Non Operating Income (Expenses)	-117.3	-142.7	-159.8	-174.25	-169.78	-310.23
EBT Excluding Unusual Items	32,985	32,874	166,302	127,847	13,811	11,428
Gain (Loss) on Sale of Investments	-20.52	5.7	-56.14	46.09	-27.11	314.35
Gain (Loss) on Sale of Assets	161.76	106.56	414.15	293.88	89.77	-25.85
Asset Writedown	-35.22	-13.16	-56.69	-63.53	-49.42	-
Other Unusual Items	113.2	103.61	494.21	-116.56	123.86	210.11
Pretax Income	33,204	33,077	167,097	128,007	13,948	11,927
Income Tax Expense	5,229	4,681	35,639	24,101	760.22	1,577
Earnings From Continuing Operations	27,975	28,396	131,459	103,905	13,187	10,350
Minority Interest in Earnings	-3,806	-4,535	-21,756	-14,556	-3,260	-3,586
Net Income	24,170	23,860	109,703	89,349	9,927	6,764
Net Income to Common	24,170	23,860	109,703	89,349	9,927	6,764
Net Income Growth	-60.66%	-78.25%	22.78%	800.05%	46.76%	449.92%
Shares Outstanding (Basic)	16,116	16,122	16,062	15,984	16,011	15,701
Shares Outstanding (Diluted)	16,116	16,122	16,180	16,070	16,011	15,701
Shares Change (YoY)	-0.85%	-0.36%	0.69%	0.37%	1.98%	17.82%
EPS (Basic)	1.50	1.48	6.83	5.59	0.62	0.43
EPS (Diluted)	1.50	1.48	6.78	5.56	0.62	0.43
EPS Growth	-60.32%	-78.17%	21.94%	796.77%	43.92%	366.74%
Free Cash Flow	12,275	7,291	186,307	161,459	38,362	10,120
Free Cash Flow Per Share	0.76	0.45	11.51	10.05	2.40	0.64
Dividend Per Share	0.750	0.740	3.400	0.870	-	-
Dividend Growth	-60.53%	-78.24%	290.80%	-	-	-
Gross Margin	17.18%	16.17%	44.21%	42.29%	14.21%	10.74%
Operating Margin	13.54%	12.83%	40.76%	38.42%	8.81%	4.34%
Profit Margin	13.10%	13.63%	28.07%	26.78%	5.80%	4.48%
Free Cash Flow Margin	6.65%	4.16%	47.67%	48.39%	22.40%	6.70%
EBITDA	32,677	29,887	166,843	134,215	20,887	11,887
EBITDA Margin	17.71%	17.07%	42.69%	40.22%	12.20%	7.87%
D&A For EBITDA	7,699	7,424	7,538	6,006	5,807	5,330
EBIT	24,978	22,463	159,306	128,209	15,080	6,557
EBIT Margin	13.54%	12.83%	40.76%	38.42%	8.81%	4.34%
Effective Tax Rate	15.75%	14.15%	21.33%	18.83%	5.45%	13.22%
Revenue as Reported	184,806	175,448	391,058	333,694	171,259	151,057

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