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

COSCO SHIPPING Specialized Carriers Co.,Ltd. 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	12,525	11,166	11,423	8,159	6,597	7,679
Other Revenue	994.91	840.47	784.01	594.44	443.61	587.18
Revenue	13,520	12,007	12,207	8,753	7,040	8,266
Revenue Growth (YoY)	9.39%	-1.64%	39.46%	24.33%	-14.83%	9.06%
Cost of Revenue	11,181	9,890	9,529	6,840	5,987	7,065
Gross Profit	2,339	2,116	2,678	1,914	1,053	1,201
Selling, General & Admin	1,006	906.48	762.22	682.36	593.64	640.24
Research & Development	101.14	97.98	98.1	38.85	22.44	5.31
Other Operating Expenses	28.98	34.52	26.05	28.39	28.16	36.51
Operating Expenses	1,140	1,043	902.44	743.98	632.62	731.42
Operating Income	1,199	1,073	1,776	1,170	420.61	469.78
Interest Expense	-416.26	-390.43	-270.79	-210.21	-249.27	-322.5
Interest & Investment Income	265.39	143.19	55.4	52.98	34.64	658.17
Currency Exchange Gain (Loss)	18.42	36.96	1.34	-8.62	-24.45	-2.38
Other Non Operating Income (Expenses)	-45.18	-52.74	-43.67	-43.81	-60.72	-39.62
EBT Excluding Unusual Items	1,022	809.91	1,518	959.97	120.81	763.45
Gain (Loss) on Sale of Investments	52.37	81.09	35.41	3.17	9.86	25.52
Gain (Loss) on Sale of Assets	66.36	115.49	55.91	4.15	49.12	-55.23
Asset Writedown	-	-	-514.3	-516.34	-109.48	-471.13
Legal Settlements	-	-	-47.1	-	-	-
Other Unusual Items	206.95	185.39	19.74	15.39	81.08	-62.13
Pretax Income	1,347	1,192	1,068	466.35	151.39	200.48
Income Tax Expense	124.6	113.22	240.43	159.73	24.92	97.63
Earnings From Continuing Operations	1,223	1,079	827.16	306.62	126.47	102.85
Minority Interest in Earnings	-72.37	-14.42	-5.82	-6.29	-1.01	-1.92
Net Income	1,150	1,064	821.34	300.33	125.46	100.93
Net Income to Common	1,150	1,064	821.34	300.33	125.46	100.93
Net Income Growth	1.89%	29.58%	173.48%	139.38%	24.31%	17.27%
Shares Outstanding (Basic)	2,146	2,146	2,144	2,145	2,163	2,147
Shares Outstanding (Diluted)	2,146	2,146	2,144	2,145	2,163	2,147
Shares Change (YoY)	0.25%	0.05%	-0.03%	-0.83%	0.73%	-0.20%
EPS (Basic)	0.54	0.50	0.38	0.14	0.06	0.05
EPS (Diluted)	0.54	0.50	0.38	0.14	0.06	0.05
EPS Growth	1.64%	29.50%	173.57%	141.38%	23.40%	17.50%
Free Cash Flow	864.88	952.72	1,511	843.3	868.4	26.04
Free Cash Flow Per Share	0.40	0.44	0.70	0.39	0.40	0.01
Dividend Per Share	0.248	0.248	0.160	0.050	0.020	-
Dividend Growth	55.00%	55.00%	220.00%	150.00%	-	-
Gross Margin	17.30%	17.63%	21.94%	21.86%	14.96%	14.53%
Operating Margin	8.87%	8.94%	14.55%	13.36%	5.97%	5.68%
Profit Margin	8.51%	8.86%	6.73%	3.43%	1.78%	1.22%
Free Cash Flow Margin	6.40%	7.93%	12.38%	9.63%	12.33%	0.31%
EBITDA	2,123	1,961	2,660	2,006	1,286	1,374
EBITDA Margin	15.70%	16.33%	21.79%	22.91%	18.26%	16.62%
D&A For EBITDA	923.71	888.24	883.98	836.02	865.21	904.37
EBIT	1,199	1,073	1,776	1,170	420.61	469.78
EBIT Margin	8.87%	8.94%	14.55%	13.36%	5.97%	5.68%
Effective Tax Rate	9.25%	9.50%	22.52%	34.25%	16.46%	48.70%
Revenue as Reported	13,520	12,007	12,207	8,753	7,040	8,266
Advertising Expenses	-	12.02	3.51	1.59	1.58	3.62

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