COSCO SHIPPING Specialized Carriers Co.,Ltd. (SHA:600428)

SHA:600428 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	16,780	11,166	11,423	8,159	6,597
Other Revenue	-	840.47	784.01	594.44	443.61
Revenue	16,780	12,007	12,207	8,753	7,040
Revenue Growth (YoY)	39.76%	-1.64%	39.46%	24.33%	-14.83%
Cost of Revenue	13,116	9,890	9,529	6,840	5,987
Gross Profit	3,664	2,116	2,678	1,914	1,053
Selling, General & Admin	1,058	906.48	762.22	682.36	593.64
Research & Development	145.94	97.98	98.1	38.85	22.44
Other Operating Expenses	25.11	34.52	26.05	28.39	28.16
Operating Expenses	1,229	1,043	902.44	743.98	632.62
Operating Income	2,435	1,073	1,776	1,170	420.61
Interest Expense	-	-390.43	-270.79	-210.21	-249.27
Interest & Investment Income	178.69	143.19	55.4	52.98	34.64
Currency Exchange Gain (Loss)	-	36.96	1.34	-8.62	-24.45
Other Non Operating Income (Expenses)	-368.22	-52.74	-43.67	-43.81	-60.72
EBT Excluding Unusual Items	2,246	809.91	1,518	959.97	120.81
Gain (Loss) on Sale of Investments	46	81.09	35.41	3.17	9.86
Gain (Loss) on Sale of Assets	62.99	115.49	55.91	4.15	49.12
Asset Writedown	-377.11	-	-514.3	-516.34	-109.48
Legal Settlements	-	-	-47.1	-	-
Other Unusual Items	-	185.39	19.74	15.39	81.08
Pretax Income	1,977	1,192	1,068	466.35	151.39
Income Tax Expense	243.57	113.22	240.43	159.73	24.92
Earnings From Continuing Operations	1,734	1,079	827.16	306.62	126.47
Minority Interest in Earnings	-203.33	-14.42	-5.82	-6.29	-1.01
Net Income	1,531	1,064	821.34	300.33	125.46
Net Income to Common	1,531	1,064	821.34	300.33	125.46
Net Income Growth	43.82%	29.58%	173.48%	139.38%	24.31%
Shares Outstanding (Basic)	2,147	2,146	2,144	2,145	2,163
Shares Outstanding (Diluted)	2,147	2,146	2,144	2,145	2,163
Shares Change (YoY)	0.05%	0.06%	-0.03%	-0.83%	0.73%
EPS (Basic)	0.71	0.50	0.38	0.14	0.06
EPS (Diluted)	0.71	0.50	0.38	0.14	0.06
EPS Growth	43.75%	29.50%	173.57%	141.38%	23.40%
Free Cash Flow	2,980	952.72	1,511	843.3	868.4
Free Cash Flow Per Share	1.39	0.44	0.70	0.39	0.40
Dividend Per Share	-	0.248	0.160	0.050	0.020
Dividend Growth	-	55.00%	220.00%	150.00%	-
Gross Margin	21.84%	17.63%	21.94%	21.86%	14.96%
Operating Margin	14.51%	8.94%	14.55%	13.36%	5.97%
Profit Margin	9.12%	8.86%	6.73%	3.43%	1.78%
Free Cash Flow Margin	17.76%	7.94%	12.38%	9.63%	12.34%
EBITDA	3,376	1,961	2,660	2,006	1,286
EBITDA Margin	20.12%	16.33%	21.79%	22.91%	18.26%
D&A For EBITDA	940.93	888.24	883.98	836.02	865.21
EBIT	2,435	1,073	1,776	1,170	420.61
EBIT Margin	14.51%	8.94%	14.55%	13.36%	5.97%
Effective Tax Rate	12.32%	9.50%	22.52%	34.25%	16.46%
Revenue as Reported	-	12,007	12,207	8,753	7,040
Advertising Expenses	-	12.02	3.51	1.59	1.58

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