CNOOC Energy Technology & Services Limited (SHA:600968)

SHA:600968 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	53,146	52,278	49,235	47,723	38,596	33,154
Other Revenue	238.47	238.47	73.19	61.25	143	53.85
Revenue	53,384	52,517	49,308	47,784	38,739	33,208
Revenue Growth (YoY)	9.00%	6.51%	3.19%	23.35%	16.66%	-0.76%
Cost of Revenue	45,510	44,849	42,674	41,799	33,627	28,869
Gross Profit	7,874	7,668	6,634	5,986	5,112	4,339
Selling, General & Admin	2,009	1,986	1,949	1,924	1,714	1,609
Research & Development	972.18	982.1	1,160	1,323	1,033	846.41
Other Operating Expenses	238.45	202.54	207.35	195.08	174.43	146.26
Operating Expenses	3,269	3,213	3,379	3,598	2,932	2,620
Operating Income	4,606	4,455	3,256	2,388	2,181	1,719
Interest Expense	-116.44	-119.94	-96.14	-75.33	-45.71	-77.65
Interest & Investment Income	430.67	443.36	463.21	400.33	327.9	330.84
Currency Exchange Gain (Loss)	6.8	6.8	9.22	40.84	-13.92	-39.8
Other Non Operating Income (Expenses)	4.01	23.05	11.48	-6.65	-6.23	-10.62
EBT Excluding Unusual Items	4,931	4,809	3,644	2,747	2,443	1,922
Gain (Loss) on Sale of Investments	50.79	27.87	14.04	6.96	8.47	2.62
Gain (Loss) on Sale of Assets	51.99	51.2	0.83	2.24	3.07	0.69
Asset Writedown	-70.32	-40.95	-19.19	-43.43	-758.84	-46.63
Other Unusual Items	-269.57	-269.57	190.09	271.86	221.87	215.36
Pretax Income	4,696	4,580	3,854	2,984	1,920	2,098
Income Tax Expense	856.83	824	685.76	487.18	538.27	495.66
Earnings From Continuing Operations	3,839	3,756	3,168	2,497	1,381	1,602
Minority Interest in Earnings	-90.48	-99.63	-87.15	-81.04	-97.99	-80.67
Net Income	3,749	3,656	3,081	2,416	1,284	1,522
Net Income to Common	3,749	3,656	3,081	2,416	1,284	1,522
Net Income Growth	18.27%	18.66%	27.52%	88.25%	-15.65%	23.40%
Shares Outstanding (Basic)	10,165	10,164	10,165	10,165	10,162	10,164
Shares Outstanding (Diluted)	10,165	10,164	10,165	10,165	10,162	10,164
Shares Change (YoY)	-0.01%	-0.01%	0.00%	0.03%	-0.02%	10.13%
EPS (Basic)	0.37	0.36	0.30	0.24	0.13	0.15
EPS (Diluted)	0.37	0.36	0.30	0.24	0.13	0.15
EPS Growth	18.28%	18.67%	27.51%	88.20%	-15.63%	12.05%
Free Cash Flow	4,099	3,349	5,523	1,143	1,191	3,589
Free Cash Flow Per Share	0.40	0.33	0.54	0.11	0.12	0.35
Dividend Per Share	0.135	0.135	0.110	0.085	0.055	0.045
Dividend Growth	22.73%	22.73%	29.41%	54.55%	22.22%	21.62%
Gross Margin	14.75%	14.60%	13.46%	12.53%	13.20%	13.07%
Operating Margin	8.63%	8.48%	6.60%	5.00%	5.63%	5.18%
Profit Margin	7.02%	6.96%	6.25%	5.06%	3.31%	4.58%
Free Cash Flow Margin	7.68%	6.38%	11.20%	2.39%	3.08%	10.81%
EBITDA	6,403	6,213	4,854	3,986	3,738	3,238
EBITDA Margin	11.99%	11.83%	9.84%	8.34%	9.65%	9.75%
D&A For EBITDA	1,797	1,758	1,598	1,599	1,557	1,519
EBIT	4,606	4,455	3,256	2,388	2,181	1,719
EBIT Margin	8.63%	8.48%	6.60%	5.00%	5.63%	5.18%
Effective Tax Rate	18.25%	17.99%	17.79%	16.32%	28.04%	23.63%
Revenue as Reported	53,384	52,517	49,308	47,784	38,739	33,208
Advertising Expenses	-	15.49	21.58	8.73	8.78	5.58

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