CNOOC Energy Technology & Services Limited (SHA: 600968)

CNOOC Energy Technology & Services 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	51,315	49,235	47,723	38,596	33,154	33,442
Other Revenue	73.19	73.19	61.25	143	53.85	20.92
Revenue	51,389	49,308	47,784	38,739	33,208	33,463
Revenue Growth (YoY)	7.02%	3.19%	23.35%	16.66%	-0.76%	15.49%
Cost of Revenue	44,183	42,674	41,799	33,627	28,869	29,421
Gross Profit	7,206	6,634	5,986	5,112	4,339	4,042
Selling, General & Admin	2,013	1,949	1,924	1,714	1,609	1,686
Research & Development	1,041	1,160	1,323	1,033	846.41	781.24
Other Operating Expenses	215.83	207.35	195.08	174.43	146.26	179.78
Operating Expenses	3,287	3,360	3,598	2,932	2,620	2,645
Operating Income	3,919	3,274	2,388	2,181	1,719	1,397
Interest Expense	-123.87	-96.14	-75.33	-45.71	-77.65	-207.5
Interest & Investment Income	486.02	463.21	400.33	327.9	330.84	309.47
Currency Exchange Gain (Loss)	9.22	9.22	40.84	-13.92	-39.8	0.08
Other Non Operating Income (Expenses)	20.9	-7.02	-6.65	-6.23	-10.62	-6.36
EBT Excluding Unusual Items	4,311	3,644	2,747	2,443	1,922	1,493
Gain (Loss) on Sale of Investments	44.65	14.04	6.96	8.47	2.62	3.53
Gain (Loss) on Sale of Assets	-0.02	0.83	2.24	3.07	0.69	5.59
Asset Writedown	2.37	-19.19	-43.43	-758.84	-46.63	-38.51
Other Unusual Items	190.04	190.04	271.86	221.87	215.36	258.48
Pretax Income	4,573	3,854	2,984	1,920	2,098	1,724
Income Tax Expense	851.77	685.76	487.18	538.27	495.66	420.82
Earnings From Continuing Operations	3,721	3,168	2,497	1,381	1,602	1,303
Minority Interest in Earnings	-96.78	-87.15	-81.04	-97.99	-80.67	-69.71
Net Income	3,624	3,081	2,416	1,284	1,522	1,233
Net Income to Common	3,624	3,081	2,416	1,284	1,522	1,233
Net Income Growth	33.21%	27.52%	88.25%	-15.65%	23.40%	15.68%
Shares Outstanding (Basic)	10,166	10,165	10,165	10,162	10,164	9,229
Shares Outstanding (Diluted)	10,166	10,165	10,165	10,162	10,164	9,229
Shares Change (YoY)	0.03%	0.00%	0.03%	-0.02%	10.13%	11.18%
EPS (Basic)	0.36	0.30	0.24	0.13	0.15	0.13
EPS (Diluted)	0.36	0.30	0.24	0.13	0.15	0.13
EPS Growth	33.17%	27.51%	88.20%	-15.63%	12.05%	4.05%
Free Cash Flow	3,239	5,523	1,143	1,191	3,589	1,858
Free Cash Flow Per Share	0.32	0.54	0.11	0.12	0.35	0.20
Dividend Per Share	0.110	0.110	0.085	0.055	0.045	0.037
Dividend Growth	29.41%	29.41%	54.55%	22.22%	21.62%	-
Gross Margin	14.02%	13.45%	12.53%	13.20%	13.07%	12.08%
Operating Margin	7.63%	6.64%	5.00%	5.63%	5.18%	4.18%
Profit Margin	7.05%	6.25%	5.06%	3.31%	4.58%	3.68%
Free Cash Flow Margin	6.30%	11.20%	2.39%	3.07%	10.81%	5.55%
EBITDA	5,343	4,773	3,986	3,738	3,238	2,980
EBITDA Margin	10.40%	9.68%	8.34%	9.65%	9.75%	8.91%
D&A For EBITDA	1,424	1,499	1,599	1,557	1,519	1,583
EBIT	3,919	3,274	2,388	2,181	1,719	1,397
EBIT Margin	7.63%	6.64%	5.00%	5.63%	5.18%	4.17%
Effective Tax Rate	18.63%	17.79%	16.32%	28.04%	23.63%	24.42%
Revenue as Reported	51,389	49,308	47,784	38,739	33,208	33,463
Advertising Expenses	-	21.58	8.73	8.78	5.58	-

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