China Merchants Energy Shipping Co., Ltd. (SHA: 601872)

China Merchants Energy Shipping 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	26,155	25,881	29,708	24,412	21,610	18,609
Revenue	26,155	25,881	29,708	24,412	21,610	18,609
Revenue Growth (YoY)	-3.67%	-12.88%	21.69%	12.97%	16.13%	70.24%
Cost of Revenue	19,239	19,177	23,195	19,836	16,555	15,000
Gross Profit	6,916	6,704	6,513	4,576	5,055	3,610
Selling, General & Admin	1,099	1,058	978.47	919.7	936.61	615.94
Research & Development	9.94	3.94	1.27	0.18	1.71	23.56
Other Operating Expenses	21.79	15.69	32.35	-13.57	-7.79	4.93
Operating Expenses	1,137	1,064	1,031	912.33	919.71	640.59
Operating Income	5,779	5,640	5,482	3,664	4,136	2,969
Interest Expense	-1,234	-1,276	-858.44	-586.34	-691.82	-1,041
Interest & Investment Income	146.29	194.08	164.12	905.37	918.93	151.32
Earnings From Equity Investments	667.88	655.39	645.54	-	-	436.86
Currency Exchange Gain (Loss)	41.4	41.4	310.13	-72.79	-30	1.12
Other Non Operating Income (Expenses)	-218.13	-2.47	-45.77	-36.13	-66.64	-28.69
EBT Excluding Unusual Items	5,183	5,253	5,698	3,874	4,266	2,489
Gain (Loss) on Sale of Assets	52.2	50.64	272.44	500.38	11.11	22.38
Asset Writedown	-63.21	-53.08	-27.98	-0.47	-1,009	-534.31
Legal Settlements	-1.21	-1.21	-30.06	-43.46	-24.74	-0.06
Other Unusual Items	165.63	165.63	21.66	12.27	15.65	21.47
Pretax Income	5,336	5,415	5,934	4,343	3,259	1,998
Income Tax Expense	786.88	492.96	865.5	684.32	205.22	51.84
Earnings From Continuing Operations	4,549	4,922	5,068	3,659	3,054	1,946
Minority Interest in Earnings	-101.2	-84.67	18.92	-49.5	-34.42	-13.51
Net Income	4,448	4,837	5,087	3,609	3,020	1,933
Net Income to Common	4,448	4,837	5,087	3,609	3,020	1,933
Net Income Growth	-10.67%	-4.92%	40.96%	19.52%	56.24%	65.62%
Shares Outstanding (Basic)	8,097	8,062	8,340	7,519	8,053	7,247
Shares Outstanding (Diluted)	8,097	8,062	8,340	7,519	8,053	7,247
Shares Change (YoY)	-3.90%	-3.34%	10.92%	-6.63%	11.12%	-1.70%
EPS (Basic)	0.55	0.60	0.61	0.48	0.38	0.27
EPS (Diluted)	0.55	0.60	0.61	0.48	0.38	0.27
EPS Growth	-7.04%	-1.64%	27.08%	28.00%	40.61%	68.48%
Free Cash Flow	736.52	4,429	4,299	4,079	6,653	755.37
Free Cash Flow Per Share	0.09	0.55	0.52	0.54	0.83	0.10
Dividend Per Share	0.338	0.238	0.190	0.110	0.103	0.083
Dividend Growth	77.89%	25.26%	72.73%	6.49%	24.01%	72.46%
Gross Margin	26.44%	25.90%	21.92%	18.75%	23.39%	19.40%
Operating Margin	22.09%	21.79%	18.45%	15.01%	19.14%	15.95%
Profit Margin	17.01%	18.69%	17.12%	14.78%	13.97%	10.39%
Free Cash Flow Margin	2.82%	17.11%	14.47%	16.71%	30.79%	4.06%
EBITDA	8,087	7,843	7,544	5,628	6,347	5,072
EBITDA Margin	30.92%	30.30%	25.39%	23.05%	29.37%	27.25%
D&A For EBITDA	2,308	2,202	2,062	1,964	2,211	2,103
EBIT	5,779	5,640	5,482	3,664	4,136	2,969
EBIT Margin	22.09%	21.79%	18.45%	15.01%	19.14%	15.95%
Effective Tax Rate	14.75%	9.10%	14.59%	15.76%	6.30%	2.59%
Revenue as Reported	26,155	25,881	29,708	24,412	21,610	18,609

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