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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	213,014	219,178	233,570	175,106	390,806	333,479
Other Revenue	325.89	325.89	288.88	347.11	-	214.5
Revenue	213,340	219,504	233,859	175,453	390,806	333,694
Revenue Growth	-12.40%	-6.14%	33.29%	-55.11%	17.11%	94.85%
Cost of Revenue	176,108	175,525	164,808	146,771	218,014	192,564
Gross Profit	37,232	43,979	69,051	28,682	172,792	141,130
Selling, General & Admin	9,172	9,085	9,521	7,172	10,418	11,452
Research & Development	1,079	1,059	986.16	1,049	1,357	849.38
Other Operating Expenses	-389.33	-63.94	230.64	-1,778	1,675	438.36
Operating Expenses	9,873	10,061	10,806	6,218	13,486	12,921
Operating Income	27,359	33,918	58,245	22,464	159,306	128,209
Interest Expense	-2,999	-3,013	-3,058	-3,593	-3,681	-3,593
Interest & Investment Income	10,294	10,836	11,098	12,225	7,854	3,814
Currency Exchange Gain (Loss)	252.26	252.26	612.92	1,923	2,982	-408.97
Other Non Operating Income (Expenses)	-799.08	-133.53	-217.32	-169.92	-159.8	-174.25
EBT Excluding Unusual Items	34,107	41,860	66,680	32,849	166,302	127,847
Gain (Loss) on Sale of Investments	14.93	32.32	17.45	5.7	-56.14	46.09
Gain (Loss) on Sale of Assets	100.25	130.93	146.1	106.56	414.15	293.88
Asset Writedown	-93.87	-93.57	-23.36	-13.16	-56.69	-63.53
Other Unusual Items	70.17	70.17	69.01	131.46	494.21	-116.56
Pretax Income	34,199	42,000	66,890	33,080	167,097	128,007
Income Tax Expense	5,319	6,772	11,494	4,683	35,639	24,101
Earnings From Continuing Operations	28,880	35,228	55,395	28,397	131,459	103,905
Minority Interest in Earnings	-3,829	-4,360	-6,295	-4,537	-21,756	-14,556
Net Income	25,051	30,868	49,100	23,860	109,703	89,349
Net Income to Common	25,051	30,868	49,100	23,860	109,703	89,349
Net Income Growth	-53.64%	-37.13%	105.78%	-78.25%	22.78%	800.05%
Shares Outstanding (Basic)	15,427	15,512	15,942	16,122	16,062	15,984
Shares Outstanding (Diluted)	15,427	15,512	15,942	16,122	16,180	16,070
Shares Change	-2.80%	-2.70%	-1.12%	-0.36%	0.69%	0.36%
EPS (Basic)	1.62	1.99	3.08	1.48	6.83	5.59
EPS (Diluted)	1.62	1.99	3.08	1.48	6.78	5.56
EPS Growth	-52.31%	-35.39%	108.11%	-78.17%	21.94%	796.77%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	15,435	20,530	43,314	7,261	186,307	161,459
Free Cash Flow Per Share	1.00	1.32	2.72	0.45	11.51	10.05
Dividend Per Share	1.000	1.000	1.550	0.740	3.400	0.870
Dividend Growth	-35.48%	-35.48%	109.46%	-78.23%	290.81%	-
Gross Margin	17.45%	20.04%	29.53%	16.35%	44.21%	42.29%
Operating Margin	12.82%	15.45%	24.91%	12.80%	40.76%	38.42%
Profit Margin	11.74%	14.06%	21.00%	13.60%	28.07%	26.78%
Free Cash Flow Margin	7.23%	9.35%	18.52%	4.14%	47.67%	48.38%
EBITDA	36,915	43,181	66,340	30,053	166,843	134,215
EBITDA Margin	17.30%	19.67%	28.37%	17.13%	42.69%	40.22%
D&A For EBITDA	9,556	9,263	8,094	7,589	7,538	6,006
EBIT	27,359	33,918	58,245	22,464	159,306	128,209
EBIT Margin	12.82%	15.45%	24.91%	12.80%	40.76%	38.42%
Effective Tax Rate	15.55%	16.12%	17.18%	14.16%	21.33%	18.83%
Revenue as Reported	213,340	219,504	233,859	175,453	391,058	333,694