COSCO SHIPPING Development Co., Ltd. (SHA:601866)

SHA:601866 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	27,889	27,411	15,583	25,465	36,330	20,127
Other Revenue	216.15	216.15	102.25	169.11	838.08	92.73
Revenue	28,106	27,627	15,685	25,634	37,168	20,220
Revenue Growth (YoY)	64.74%	76.14%	-38.81%	-31.03%	83.82%	42.10%
Cost of Revenue	23,108	22,813	10,888	18,717	26,315	15,051
Gross Profit	4,998	4,814	4,797	6,917	10,854	5,169
Selling, General & Admin	1,112	1,114	1,201	1,135	1,525	1,282
Research & Development	53.72	61.06	86.95	94.18	74.34	21.58
Other Operating Expenses	109.54	106.39	101.46	75.51	148.01	69.67
Operating Expenses	1,230	1,304	1,416	1,273	1,680	1,363
Operating Income	3,768	3,510	3,381	5,643	9,174	3,807
Interest Expense	-3,944	-4,053	-3,894	-2,478	-1,665	-2,233
Interest & Investment Income	1,717	2,021	1,805	1,924	1,493	2,588
Currency Exchange Gain (Loss)	406.91	406.91	286.43	1,150	-366.16	-214.44
Other Non Operating Income (Expenses)	-94.67	-51.07	-152.6	-266.46	-1,134	-691.67
EBT Excluding Unusual Items	1,853	1,833	1,426	5,973	7,501	3,255
Gain (Loss) on Sale of Investments	-78.01	-170.24	67.52	-996.86	321.89	-206.22
Gain (Loss) on Sale of Assets	25.75	20.14	21.28	56.76	7.55	21.58
Asset Writedown	-0.26	-	-310.19	-251.64	-13.6	-722.52
Other Unusual Items	83.54	77.94	178.01	45.27	99.84	128.72
Pretax Income	1,884	1,761	1,383	4,826	7,916	2,477
Income Tax Expense	196.35	125.07	-26.62	904.21	1,826	335.86
Earnings From Continuing Operations	1,688	1,636	1,409	3,922	6,091	2,141
Minority Interest in Earnings	31.91	49.78	-	-	-	-
Net Income	1,720	1,686	1,409	3,922	6,091	2,141
Net Income to Common	1,720	1,686	1,409	3,922	6,091	2,141
Net Income Growth	17.97%	19.65%	-64.07%	-35.60%	184.49%	22.82%
Shares Outstanding (Basic)	13,484	13,531	13,536	13,520	12,233	13,671
Shares Outstanding (Diluted)	13,484	13,531	13,536	13,520	12,245	13,671
Shares Change (YoY)	-0.38%	-0.04%	0.12%	10.42%	-10.43%	0.63%
EPS (Basic)	0.13	0.12	0.10	0.29	0.50	0.16
EPS (Diluted)	0.13	0.12	0.10	0.29	0.50	0.16
EPS Growth	18.43%	19.69%	-64.12%	-41.68%	217.63%	22.06%
Free Cash Flow	-3,974	-3,211	-433.22	110.19	-19,752	-24,313
Free Cash Flow Per Share	-0.29	-0.24	-0.03	0.01	-1.61	-1.78
Dividend Per Share	0.038	0.038	0.032	0.087	0.226	0.056
Dividend Growth	18.75%	18.75%	-63.22%	-61.50%	303.57%	24.44%
Gross Margin	17.78%	17.42%	30.58%	26.98%	29.20%	25.56%
Operating Margin	13.41%	12.70%	21.56%	22.02%	24.68%	18.83%
Profit Margin	6.12%	6.10%	8.98%	15.30%	16.39%	10.59%
Free Cash Flow Margin	-14.14%	-11.62%	-2.76%	0.43%	-53.14%	-120.24%
EBITDA	6,476	6,167	5,832	7,909	11,287	7,209
EBITDA Margin	23.04%	22.32%	37.18%	30.85%	30.37%	35.66%
D&A For EBITDA	2,709	2,657	2,451	2,265	2,113	3,403
EBIT	3,768	3,510	3,381	5,643	9,174	3,807
EBIT Margin	13.41%	12.70%	21.56%	22.02%	24.68%	18.83%
Effective Tax Rate	10.42%	7.10%	-	18.73%	23.06%	13.56%
Revenue as Reported	28,106	27,627	15,685	25,634	37,168	20,220

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