COFCO Capital Holdings Co., Ltd. (SHE: 002423)

COFCO Capital Holdings 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
Premiums & Annuity Revenue	19,146	15,485	10,684	10,159	9,275	8,735
Total Interest & Dividend Income	6,179	3,755	4,451	3,025	2,758	2,193
Gain (Loss) on Sale of Investments	1,366	570.95	-1,784	394.71	1,215	671.51
Non-Insurance Activities Revenue	1,970	3,059	4,527	6,347	1,572	326.63
Other Revenue	1,764	1,506	1,365	1,292	995.48	508.26
Total Revenue	30,425	24,376	19,243	21,218	15,815	12,435
Revenue Growth (YoY)	19.96%	26.67%	-9.31%	34.16%	27.19%	11.46%
Policy Benefits	20,307	13,654	9,653	9,012	8,217	6,812
Selling, General & Administrative	2,913	2,736	2,242	2,345	2,478	2,396
Provision for Bad Debts	-6.53	-82.85	-6.84	10.29	57.67	75.49
Non-Insurance Activities Expense	2,073	3,150	4,685	6,226	1,686	297.49
Other Operating Expenses	2,139	2,511	1,228	1,195	1,092	1,203
Total Operating Expenses	27,496	22,038	17,883	18,798	13,800	11,193
Operating Income	2,929	2,338	1,360	2,420	2,016	1,241
Interest Expense	-450.82	-597.68	-494.67	-409.41	-240.13	-152.12
Earnings From Equity Investments	140.5	140.5	139.43	160.81	179.42	236.28
Currency Exchange Gain (Loss)	-1.92	0.87	4.2	-0.06	-3.94	-0.71
Other Non Operating Income (Expenses)	-5.59	-	-	-	-	-
EBT Excluding Unusual Items	2,611	1,881	1,009	2,171	1,951	1,325
Gain (Loss) on Sale of Investments	-	-	-	278.28	-	-
Gain (Loss) on Sale of Assets	-1.56	1.6	-0.56	-1.87	-1.72	-1.34
Asset Writedown	-29.09	-29.09	-0.23	-0.01	-0.31	-0.01
Other Unusual Items	5.08	5.08	-3.75	-1.31	-0.25	-2.93
Pretax Income	2,585	1,859	1,004	2,446	1,949	1,320
Income Tax Expense	375.41	375.46	-94.97	385.28	330.04	158.07
Earnings From Continuing Ops.	2,210	1,484	1,099	2,061	1,619	1,162
Minority Interest in Earnings	-856.08	-463.01	-502.15	-688.8	-565.07	-510.2
Net Income	1,354	1,021	596.99	1,372	1,054	652.18
Net Income to Common	1,354	1,021	596.99	1,372	1,054	652.18
Net Income Growth	10.87%	70.95%	-56.50%	30.26%	61.54%	27.88%
Shares Outstanding (Basic)	2,304	2,304	2,304	2,304	2,304	2,304
Shares Outstanding (Diluted)	2,304	2,304	2,304	2,304	2,304	2,304
Shares Change (YoY)	-0.01%	0.01%	-0.00%	-0.01%	0.03%	-0.04%
EPS (Basic)	0.59	0.44	0.26	0.60	0.46	0.28
EPS (Diluted)	0.59	0.44	0.26	0.60	0.46	0.28
EPS Growth	10.88%	70.94%	-56.50%	30.27%	61.50%	27.93%
Free Cash Flow	15,194	6,475	7,731	9,097	6,249	4,726
Free Cash Flow Per Share	6.59	2.81	3.36	3.95	2.71	2.05
Dividend Per Share	0.133	0.133	0.078	0.179	0.045	0.028
Dividend Growth	70.51%	70.51%	-56.42%	297.78%	60.71%	-
Operating Margin	9.63%	9.59%	7.07%	11.41%	12.74%	9.98%
Profit Margin	4.45%	4.19%	3.10%	6.47%	6.66%	5.24%
Free Cash Flow Margin	49.94%	26.56%	40.18%	42.87%	39.51%	38.01%
EBITDA	2,953	2,385	1,439	2,488	2,114	1,296
EBITDA Margin	9.70%	9.79%	7.48%	11.72%	13.36%	10.42%
D&A For EBITDA	23.97	47.53	78.93	67.79	97.92	54.96
EBIT	2,929	2,338	1,360	2,420	2,016	1,241
EBIT Margin	9.63%	9.59%	7.07%	11.41%	12.74%	9.98%
Effective Tax Rate	14.52%	20.20%	-	15.75%	16.94%	11.97%
Revenue as Reported	25,236	22,282	18,607	19,707	13,568	11,258

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