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

SHA:601872 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	25,813	25,799	25,881	29,708	24,412	21,610
Revenue	25,813	25,799	25,881	29,708	24,412	21,610
Revenue Growth (YoY)	-1.31%	-0.32%	-12.88%	21.70%	12.96%	16.13%
Cost of Revenue	19,078	18,467	19,177	23,195	19,836	16,555
Gross Profit	6,735	7,332	6,704	6,513	4,576	5,055
Selling, General & Admin	882.18	926.74	1,058	978.47	919.7	936.61
Research & Development	14.62	18.58	3.94	1.27	0.18	1.71
Other Operating Expenses	98.74	125.11	15.69	32.35	-13.57	-7.79
Operating Expenses	1,000	1,069	1,064	1,031	912.33	919.71
Operating Income	5,734	6,263	5,640	5,482	3,664	4,136
Interest Expense	-1,156	-1,232	-1,269	-858.44	-586.34	-691.82
Interest & Investment Income	843.25	797.66	842.21	164.12	905.37	918.93
Earnings From Equity Investments	-	-	-	645.54	-	-
Currency Exchange Gain (Loss)	66.18	66.18	41.4	310.13	-72.79	-30
Other Non Operating Income (Expenses)	-98.1	-6.44	-2.47	-45.77	-36.13	-66.64
EBT Excluding Unusual Items	5,390	5,889	5,253	5,698	3,874	4,266
Gain (Loss) on Sale of Investments	173.18	-	-	-	-	-
Gain (Loss) on Sale of Assets	158.6	2.85	50.64	272.44	500.38	11.11
Asset Writedown	-1.29	-8.55	-53.08	-27.98	-0.47	-1,009
Legal Settlements	-	-	-1.21	-30.06	-43.46	-24.74
Other Unusual Items	69.44	69.44	165.63	21.66	12.27	15.65
Pretax Income	5,790	5,952	5,415	5,934	4,343	3,259
Income Tax Expense	680.95	743.13	492.96	865.5	684.32	205.22
Earnings From Continuing Operations	5,109	5,209	4,922	5,068	3,659	3,054
Minority Interest in Earnings	-70.9	-101.76	-84.67	18.92	-49.5	-34.42
Net Income	5,038	5,107	4,837	5,087	3,609	3,020
Net Income to Common	5,038	5,107	4,837	5,087	3,609	3,020
Net Income Growth	13.27%	5.59%	-4.92%	40.96%	19.52%	56.24%
Shares Outstanding (Basic)	7,980	8,107	8,062	8,340	7,519	8,053
Shares Outstanding (Diluted)	7,980	8,107	8,062	8,340	7,519	8,053
Shares Change (YoY)	-1.44%	0.56%	-3.34%	10.92%	-6.63%	11.12%
EPS (Basic)	0.63	0.63	0.60	0.61	0.48	0.38
EPS (Diluted)	0.63	0.63	0.60	0.61	0.48	0.38
EPS Growth	14.93%	5.00%	-1.64%	27.08%	28.00%	40.61%
Free Cash Flow	942.66	925.99	4,429	4,299	4,079	6,653
Free Cash Flow Per Share	0.12	0.11	0.55	0.52	0.54	0.83
Dividend Per Share	0.226	0.256	0.238	0.190	0.110	0.103
Dividend Growth	-33.14%	7.56%	25.26%	72.73%	6.49%	24.01%
Gross Margin	26.09%	28.42%	25.90%	21.92%	18.75%	23.39%
Operating Margin	22.21%	24.27%	21.79%	18.45%	15.01%	19.14%
Profit Margin	19.52%	19.80%	18.69%	17.12%	14.78%	13.97%
Free Cash Flow Margin	3.65%	3.59%	17.11%	14.47%	16.71%	30.79%
EBITDA	8,074	8,544	7,843	7,544	5,628	6,347
EBITDA Margin	31.28%	33.12%	30.30%	25.39%	23.05%	29.37%
D&A For EBITDA	2,340	2,281	2,202	2,062	1,964	2,211
EBIT	5,734	6,263	5,640	5,482	3,664	4,136
EBIT Margin	22.21%	24.27%	21.79%	18.45%	15.01%	19.14%
Effective Tax Rate	11.76%	12.48%	9.10%	14.59%	15.76%	6.30%
Revenue as Reported	25,813	25,799	25,881	29,708	24,412	21,610

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