Income Statement COSCO SHIPPING Holdings Co., Ltd.

Equities

1919

CNE1000002J7

Marine Freight & Logistics

Market Closed - Hong Kong S.E. Other stock markets 01:38:32 20/09/2024 pm IST			5-day change	1st Jan Change
11.24 ^HKD	+2.93%		+9.55%	+43.18%

09/09	Midea Group Launches Up to HK$27 Billion Hong Kong IPO	MT
30/08	COSCO Shipping Holdings' H1 Attributable Profit Rises; Shanghai Shares Jump 3%	MT

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Published financial data: COSCO SHIPPING HOLDINGS CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	15TCr	17TCr	33TCr	39TCr	18TCr
Other Revenues, Total	-	22Cr	21Cr	25Cr	-
Total Revenues	15TCr	17TCr	33TCr	39TCr	18TCr
Cost of Goods Sold, Total	13TCr	15TCr	19TCr	22TCr	15TCr
Gross Profit	1.59TCr	2.43TCr	14TCr	17TCr	2.83TCr
Selling General & Admin Expenses, Total	983.35Cr	964.61Cr	1.15TCr	1.04TCr	716Cr
Provision for Bad Debts	3.55Cr	11Cr	18Cr	3.6Cr	-23Cr
R&D Expenses	28Cr	26Cr	85Cr	135.73Cr	104.88Cr
Other Operating Expenses	-48Cr	-76Cr	43Cr	192.55Cr	-212.52Cr
Other Operating Expenses, Total	966.67Cr	925.32Cr	1.3TCr	1.37TCr	585.82Cr
Operating Income	627.33Cr	1.51TCr	13TCr	16TCr	2.25TCr
Interest Expense, Total	-606.45Cr	-408.39Cr	-359.34Cr	-368.08Cr	-359.27Cr
Interest And Investment Income	1.08TCr	349.67Cr	380.6Cr	785.45Cr	1.22TCr
Net Interest Expenses	476.63Cr	-59Cr	21Cr	417.36Cr	863.05Cr
Currency Exchange Gains (Loss)	41Cr	-51Cr	-41Cr	298.19Cr	192.32Cr
Other Non Operating Income (Expenses)	-22Cr	-17Cr	-17Cr	-16Cr	-14Cr
EBT, Excl. Unusual Items	1.12TCr	1.38TCr	13TCr	17TCr	3.29TCr
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	31Cr	-2.71Cr	4.61Cr	-5.61Cr	57L
Gain (Loss) On Sale Of Assets	3.71Cr	4.93Cr	30Cr	41Cr	11Cr
Asset Writedown	-6.3Cr	-89.1L	-6.83Cr	-5.67Cr	-1.32Cr
Legal Settlements	-	-	-	-	-
Other Unusual Items	12Cr	12Cr	-12Cr	49Cr	10Cr
EBT, Incl. Unusual Items	1.16TCr	1.39TCr	13TCr	17TCr	3.31TCr
Income Tax Expense	157.69Cr	76Cr	2.41TCr	3.58TCr	468.1Cr
Earnings From Continuing Operations	1.01TCr	1.32TCr	10TCr	13TCr	2.84TCr
Earnings Of Discontinued Operations	-149.46Cr	-	-	-	-
Net Income to Company	857.14Cr	1.32TCr	10TCr	13TCr	2.84TCr
Minority Interest	-180.73Cr	-326.04Cr	-1.46TCr	-2.17TCr	-453.54Cr
Net Income - (IS)	676.41Cr	992.71Cr	8.93TCr	11TCr	2.39TCr
Net Income to Common Incl Extra Items	676.41Cr	992.71Cr	8.93TCr	11TCr	2.39TCr
Net Income to Common Excl. Extra Items	825.87Cr	992.71Cr	8.93TCr	11TCr	2.39TCr
Per Share Items
Net EPS - Basic	0.43	0.62	5.59	6.83	1.48
Basic EPS - Continuing Operations	0.53	0.62	5.59	6.83	1.48
Basic Weighted Average Shares Outstanding	1.57TCr	1.59TCr	1.6TCr	1.6TCr	1.61TCr
Net EPS - Diluted	0.43	0.62	5.56	6.77	1.48
Diluted EPS - Continuing Operations	0.53	0.62	5.56	6.77	1.48
Diluted Weighted Average Shares Outstanding	1.57TCr	1.59TCr	1.61TCr	1.62TCr	1.61TCr
Normalized Basic EPS	0.33	0.34	4.09	5.12	0.99
Normalized Diluted EPS	0.33	0.34	4.07	5.08	0.99
Dividend Per Share	-	-	0.87	3.4	0.74
Payout Ratio	67.56	34.06	2.31	43.71	138.68
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	1.14TCr	2.07TCr	13TCr	17TCr	2.99TCr
EBITA	648.03Cr	1.54TCr	13TCr	16TCr	2.27TCr
EBIT	627.33Cr	1.51TCr	13TCr	16TCr	2.25TCr
EBITDAR	1.14TCr	2.08TCr	13TCr	17TCr	3.01TCr
Total Revenues (As Reported)	15TCr	17TCr	33TCr	39TCr	18TCr
Effective Tax Rate - (Ratio)	13.54	5.45	18.83	21.4	14.15
Total Current Taxes	144.08Cr	94Cr	1.87TCr	2.59TCr	373.83Cr
Total Deferred Taxes	14Cr	-18Cr	536.59Cr	983.65Cr	94Cr
Normalized Net Income	521.6Cr	537.12Cr	6.53TCr	8.22TCr	1.6TCr
Interest Capitalized	14Cr	2.15Cr	2.65Cr	8.89Cr	43Cr
Interest on Long-Term Debt	-	-	10Cr	49Cr	44Cr
Non-Cash Pension Expense	89.09L	92.02L	88.8L	-7.59Cr	69.37L
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	1.65Cr
Selling and Marketing Expenses	6.76Cr	5.76Cr	6.65Cr	6.43Cr	100.3Cr
General and Administrative Expenses	976.59Cr	958.84Cr	1.14TCr	1.03TCr	615.11Cr
Research And Development Expense From Footnotes	28Cr	26Cr	88Cr	138.61Cr	107.75Cr
Net Rental Expense, Total	6.11Cr	11Cr	20Cr	22Cr	22Cr
Imputed Operating Lease Interest Expense	2.16Cr	2.38Cr	4.36Cr	6.12Cr	8.01Cr
Imputed Operating Lease Depreciation	3.95Cr	8.25Cr	16Cr	16Cr	14Cr
Maintenance & Repair Expenses, Total	-	-	2.5Cr	2.08Cr	2.28Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.03TCr	5.29TCr	18TCr	24TCr	18TCr
Short Term Investments	-	53Cr	11Cr	25Cr	57.47L
Trading Asset Securities, Total	106.68Cr	66Cr	36Cr	9.31Cr	9.5Cr
Total Cash And Short Term Investments	5.14TCr	5.4TCr	18TCr	24TCr	18TCr
Accounts Receivable, Total	901.03Cr	981.66Cr	1.22TCr	1.12TCr	708.99Cr
Other Receivables	285.37Cr	272.76Cr	269Cr	289.59Cr	283.22Cr
Notes Receivable	-	-	68.8L	18Cr	67Cr
Total Receivables	1.19TCr	1.25TCr	1.49TCr	1.42TCr	1.06TCr
Inventory	405.44Cr	323.15Cr	540.92Cr	701.7Cr	656.14Cr
Prepaid Expenses	2.79Cr	2.9Cr	3.73Cr	3.38Cr	2.81Cr
Other Current Assets, Total	495.88Cr	211.9Cr	337Cr	263.8Cr	289.05Cr
Total Current Assets	7.23TCr	7.2TCr	20TCr	26TCr	20TCr
Gross Property Plant And Equipment	19TCr	20TCr	22TCr	25TCr	26TCr
Accumulated Depreciation	-5.06TCr	-5.24TCr	-6.32TCr	-8.33TCr	-9.36TCr
Net Property Plant And Equipment	14TCr	15TCr	16TCr	17TCr	17TCr
Long-term Investments	3.42TCr	3.39TCr	3.47TCr	6.07TCr	6.96TCr
Goodwill	614.21Cr	582.68Cr	563.85Cr	610.45Cr	635.82Cr
Other Intangibles, Total	737.65Cr	698.14Cr	776.13Cr	768.29Cr	754.55Cr
Loans Receivable Long-Term	132.66Cr	88Cr	77Cr	66Cr	23Cr
Deferred Tax Assets Long-Term	94Cr	84Cr	72Cr	89Cr	92Cr
Deferred Charges Long-Term	6.67Cr	15Cr	22Cr	35Cr	51Cr
Other Long-Term Assets, Total	264.14Cr	234.65Cr	239.72Cr	307.48Cr	381.37Cr
Total Assets	26TCr	27TCr	41TCr	51TCr	46TCr
Liabilities
Accounts Payable, Total	2.18TCr	3.36TCr	6.91TCr	11TCr	9.04TCr
Accrued Expenses, Total	389.71Cr	441.98Cr	1.08TCr	1.24TCr	649.53Cr
Short-term Borrowings	1.63TCr	613.05Cr	165.57Cr	224.18Cr	241.75Cr
Current Portion of Long-Term Debt	1.11TCr	1.59TCr	1.24TCr	580.68Cr	811.86Cr
Current Portion of Leases	741.1Cr	579.09Cr	1.1TCr	1.29TCr	926.66Cr
Current Income Taxes Payable	105.45Cr	124.96Cr	816.82Cr	763.2Cr	114.71Cr
Unearned Revenue Current, Total	47Cr	116.26Cr	140.12Cr	100.37Cr	66Cr
Other Current Liabilities	843.72Cr	581.51Cr	679.39Cr	1.14TCr	883.57Cr
Total Current Liabilities	7.04TCr	7.4TCr	12TCr	16TCr	13TCr
Long-Term Debt	9.25TCr	7.3TCr	5.93TCr	3.48TCr	3.27TCr
Long-Term Leases	2.54TCr	3.97TCr	4.05TCr	3.8TCr	3.18TCr
Unearned Revenue Non Current	27Cr	36Cr	36Cr	33Cr	36Cr
Pension & Other Post Retirement Benefits	42Cr	44Cr	37Cr	27Cr	28Cr
Deferred Tax Liability Non Current	234.3Cr	190.5Cr	725.63Cr	1.74TCr	1.82TCr
Other Non Current Liabilities	170.62Cr	390.45Cr	577.26Cr	811.3Cr	840.23Cr
Total Liabilities	19TCr	19TCr	23TCr	26TCr	22TCr
Common Stock, Total	1.23TCr	1.23TCr	1.6TCr	1.61TCr	1.61TCr
Additional Paid In Capital	3.34TCr	3.45TCr	3.19TCr	3.06TCr	3.16TCr
Retained Earnings	-942.29Cr	-2.57Cr	8.92TCr	15TCr	15TCr
Treasury Stock	-	-	-	-	-37Cr
Comprehensive Income and Other	-88Cr	-281.31Cr	-405.69Cr	68Cr	244.33Cr
Total Common Equity	3.54TCr	4.39TCr	13TCr	20TCr	20TCr
Minority Interest	3.38TCr	3.48TCr	4.58TCr	5.31TCr	4.71TCr
Total Equity	6.91TCr	7.87TCr	18TCr	25TCr	24TCr
Total Liabilities And Equity	26TCr	27TCr	41TCr	51TCr	46TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.59TCr	1.59TCr	1.6TCr	1.61TCr	1.59TCr
ECS Total Common Shares Outstanding	1.59TCr	1.59TCr	1.6TCr	1.61TCr	1.59TCr
Book Value / Share	2.22	2.76	8.31	12.45	12.32
Tangible Book Value	2.18TCr	3.11TCr	12TCr	19TCr	18TCr
Tangible Book Value Per Share	1.37	1.95	7.47	11.59	11.45
Total Debt	15TCr	14TCr	12TCr	9.37TCr	8.44TCr
Net Debt	10TCr	8.64TCr	-5.4TCr	-14TCr	-9.8TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	34Cr	34Cr	20Cr	11Cr	9.47Cr
Debt Equivalent Oper. Leases	49Cr	85Cr	159.6Cr	177.37Cr	177.28Cr
Minority Interest, Total (Incl. Fin. Div)	3.38TCr	3.48TCr	4.58TCr	5.31TCr	4.71TCr
Equity Method Investments, Total	3.08TCr	3.13TCr	3.2TCr	5.81TCr	6.69TCr
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	336.56Cr	252.45Cr	408.06Cr	547.02Cr	495.34Cr
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	4.51Cr	4.91Cr	5.9Cr	7.08Cr	8.55Cr
Inventories - Others	66Cr	67Cr	128.04Cr	148.93Cr	153.83Cr
Land - (BS)	-	-	-	-	-
Buildings, Total	1.8TCr	1.87TCr	2.14TCr	2.22TCr	2.39TCr
Machinery, Total	9.81TCr	9.97TCr	10TCr	11TCr	12TCr
Full Time Employees	27.18T	29.38T	30.98T	31.51T	31.65T
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	32Cr	38Cr	53Cr	59Cr	37Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	676.41Cr	992.71Cr	8.93TCr	11TCr	2.39TCr
Depreciation & Amortization - CF	1.16TCr	1.19TCr	1.26TCr	1.98TCr	1.89TCr
Amortization of Goodwill and Intangible Assets - (CF)	21Cr	29Cr	21Cr	24Cr	23Cr
Depreciation & Amortization, Total	1.18TCr	1.21TCr	1.28TCr	2.01TCr	1.92TCr
Amortization of Deferred Charges, Total - (CF)	26Cr	25Cr	29Cr	33Cr	32Cr
(Gain) Loss From Sale Of Asset	-3.71Cr	-8.61Cr	-29Cr	-41Cr	-11Cr
(Gain) Loss on Sale of Investments - (CF)	-1.03TCr	-283.54Cr	-274.95Cr	-246.11Cr	-475.95Cr
Asset Writedown & Restructuring Costs	6.3Cr	4.58Cr	6.35Cr	5.67Cr	1.32Cr
Provision and Write-off of Bad Debts	3.55Cr	11Cr	18Cr	3.6Cr	-22Cr
Other Operating Activities, Total	878.83Cr	998.44Cr	2.01TCr	1.67TCr	686.91Cr
Change In Accounts Receivable	-1.27Cr	25Cr	-382.64Cr	125.51Cr	414.75Cr
Change In Inventories	4.43Cr	82Cr	-217.45Cr	-161.03Cr	45Cr
Change In Accounts Payable	355.91Cr	1.45TCr	5.19TCr	4.36TCr	-2.8TCr
Change In Deferred Taxes	14Cr	-18Cr	536.59Cr	983.65Cr	94Cr
Change in Other Net Operating Assets	9.4Cr	15Cr	-2.37Cr	-15Cr	-7.29Cr
Cash from Operations	2.12TCr	4.5TCr	17TCr	20TCr	2.26TCr
Capital Expenditure	-1.11TCr	-666.88Cr	-954.99Cr	-1.05TCr	-1.53TCr
Sale of Property, Plant, and Equipment	21Cr	20Cr	41Cr	105.75Cr	38Cr
Cash Acquisitions	-6.83Cr	6.66Cr	-90Cr	5.18Cr	-52Cr
Divestitures	1.23TCr	86Cr	54Cr	36Cr	-
Investment in Marketable and Equity Securities, Total	66Cr	-29Cr	-67Cr	-2.58TCr	-542.95Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	3Cr	-
Other Investing Activities, Total	241.48Cr	254.99Cr	162.81Cr	182.24Cr	254.72Cr
Cash from Investing	439.75Cr	-328.73Cr	-854.31Cr	-3.3TCr	-1.84TCr
Short Term Debt Issued, Total	30Cr	35Cr	66Cr	35Cr	27Cr
Long-Term Debt Issued, Total	5.88TCr	2.53TCr	732.23Cr	678.77Cr	970.47Cr
Total Debt Issued	5.91TCr	2.57TCr	798.47Cr	714.05Cr	997.8Cr
Short Term Debt Repaid, Total	-68Cr	-55Cr	-34Cr	-44Cr	-68Cr
Long-Term Debt Repaid, Total	-7.01TCr	-5.64TCr	-3.71TCr	-5.63TCr	-2.46TCr
Total Debt Repaid	-7.07TCr	-5.69TCr	-3.75TCr	-5.68TCr	-2.53TCr
Issuance of Common Stock	770.41Cr	-	24Cr	18Cr	7.77Cr
Repurchase of Common Stock	-3.75Cr	-5.04Cr	-	-	-126.12Cr
Common Dividends Paid	-457.01Cr	-338.1Cr	-206.33Cr	-4.79TCr	-3.31TCr
Common & Preferred Stock Dividends Paid	-457.01Cr	-338.1Cr	-206.33Cr	-4.79TCr	-3.31TCr
Other Financing Activities, Total	-97Cr	-159.54Cr	-383.92Cr	-1.8TCr	-1.04TCr
Cash from Financing	-953.79Cr	-3.62TCr	-3.51TCr	-12TCr	-6TCr
Foreign Exchange Rate Adjustments	87Cr	-263.94Cr	-195.81Cr	874.11Cr	125.97Cr
Net Change in Cash	1.69TCr	286.55Cr	13TCr	5.72TCr	-5.45TCr
Supplemental Items
Cash Income Tax Paid (Refund)	140.53Cr	55Cr	1.22TCr	2.91TCr	1.23TCr
Levered Free Cash Flow	-98Cr	2.61TCr	13TCr	15TCr	-1.11TCr
Unlevered Free Cash Flow	281.21Cr	2.87TCr	13TCr	15TCr	-884.13Cr
Change In Net Working Capital	208.66Cr	-1.35TCr	-4.46TCr	-4.21TCr	2.7TCr
Net Debt Issued / Repaid	-1.17TCr	-3.12TCr	-2.95TCr	-4.96TCr	-1.53TCr