COSCO SHIPPING Holdings Co., Ltd. (CICOF)

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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	215,213	175,101	390,806	333,479	171,042	150,815
Other Revenue	-	-	-	214.5	216.8	241.35
Revenue	215,213	175,101	390,806	333,694	171,259	151,057
Revenue Growth (YoY)	3.03%	-55.20%	17.12%	94.85%	13.37%	25.02%
Cost of Revenue	158,736	146,779	218,014	192,564	146,926	134,833
Gross Profit	56,478	28,321	172,792	141,130	24,333	16,224
Selling, General & Admin	8,234	7,160	10,418	11,452	9,646	9,834
Research & Development	1,060	1,049	1,357	849.38	260.38	277.41
Other Operating Expenses	629.8	-2,125	1,675	438.36	-761	-479.68
Operating Expenses	10,041	5,858	13,486	12,921	9,253	9,667
Operating Income	46,437	22,463	159,306	128,209	15,080	6,557
Interest Expense	-3,260	-3,593	-3,681	-3,593	-4,084	-6,064
Interest & Investment Income	11,186	12,223	7,854	3,814	3,497	10,831
Currency Exchange Gain (Loss)	1,923	1,923	2,982	-408.97	-512.37	414.93
Other Non Operating Income (Expenses)	-1,908	-142.7	-159.8	-174.25	-169.78	-310.23
EBT Excluding Unusual Items	54,378	32,874	166,302	127,847	13,811	11,428
Gain (Loss) on Sale of Investments	-17.37	5.7	-56.14	46.09	-27.11	314.35
Gain (Loss) on Sale of Assets	134.8	106.56	414.15	293.88	89.77	-25.85
Asset Writedown	-12.92	-13.16	-56.69	-63.53	-49.42	-
Other Unusual Items	103.61	103.61	494.21	-116.56	123.86	210.11
Pretax Income	54,586	33,077	167,097	128,007	13,948	11,927
Income Tax Expense	8,848	4,681	35,639	24,101	760.22	1,577
Earnings From Continuing Operations	45,739	28,396	131,459	103,905	13,187	10,350
Minority Interest in Earnings	-5,825	-4,535	-21,756	-14,556	-3,260	-3,586
Net Income	39,913	23,860	109,703	89,349	9,927	6,764
Net Income to Common	39,913	23,860	109,703	89,349	9,927	6,764
Net Income Growth	16.04%	-78.25%	22.78%	800.05%	46.76%	449.92%
Shares Outstanding (Basic)	16,053	16,122	16,062	15,984	16,011	15,701
Shares Outstanding (Diluted)	16,053	16,122	16,180	16,070	16,011	15,701
Shares Change (YoY)	-1.40%	-0.36%	0.69%	0.37%	1.98%	17.82%
EPS (Basic)	2.49	1.48	6.83	5.59	0.62	0.43
EPS (Diluted)	2.49	1.48	6.78	5.56	0.62	0.43
EPS Growth	17.68%	-78.17%	21.94%	796.77%	43.92%	366.74%
Free Cash Flow	33,099	7,291	186,307	161,459	38,362	10,120
Free Cash Flow Per Share	2.06	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	26.24%	16.17%	44.21%	42.29%	14.21%	10.74%
Operating Margin	21.58%	12.83%	40.76%	38.42%	8.81%	4.34%
Profit Margin	18.55%	13.63%	28.07%	26.78%	5.80%	4.48%
Free Cash Flow Margin	15.38%	4.16%	47.67%	48.39%	22.40%	6.70%
EBITDA	53,776	29,887	166,843	134,215	20,887	11,887
EBITDA Margin	24.99%	17.07%	42.69%	40.22%	12.20%	7.87%
D&A For EBITDA	7,339	7,424	7,538	6,006	5,807	5,330
EBIT	46,437	22,463	159,306	128,209	15,080	6,557
EBIT Margin	21.58%	12.83%	40.76%	38.42%	8.81%	4.34%
Effective Tax Rate	16.21%	14.15%	21.33%	18.83%	5.45%	13.22%
Revenue as Reported	215,561	175,448	391,058	333,694	171,259	151,057

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