China Merchants Energy Shipping Co Ltd
SSE:601872
Income Statement
Earnings Waterfall
China Merchants Energy Shipping Co Ltd
Revenue
|
26.2B
CNY
|
Cost of Revenue
|
-19.3B
CNY
|
Gross Profit
|
6.9B
CNY
|
Operating Expenses
|
-1.2B
CNY
|
Operating Income
|
5.7B
CNY
|
Other Expenses
|
-1.3B
CNY
|
Net Income
|
4.4B
CNY
|
Income Statement
China Merchants Energy Shipping Co Ltd
Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 400
N/A
|
2 602
+8%
|
3 304
+27%
|
4 293
+30%
|
5 392
+26%
|
6 157
+14%
|
6 450
+5%
|
6 439
0%
|
6 074
-6%
|
6 025
-1%
|
6 131
+2%
|
7 582
+24%
|
8 513
+12%
|
9 607
+13%
|
10 175
+6%
|
9 504
-7%
|
9 951
+5%
|
10 931
+10%
|
12 264
+12%
|
13 856
+13%
|
16 694
+20%
|
18 609
+11%
|
19 713
+6%
|
20 931
+6%
|
19 936
-5%
|
18 073
-9%
|
17 090
-5%
|
16 475
-4%
|
20 498
+24%
|
24 412
+19%
|
30 483
+25%
|
33 630
+10%
|
32 933
-2%
|
29 708
-10%
|
29 496
-1%
|
28 971
-2%
|
27 152
-6%
|
25 881
-5%
|
26 252
+1%
|
26 125
0%
|
26 155
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 968)
|
(2 095)
|
(2 542)
|
(2 970)
|
(3 559)
|
(3 799)
|
(3 752)
|
(3 696)
|
(3 570)
|
(3 670)
|
(3 922)
|
(5 499)
|
(6 496)
|
(7 610)
|
(8 496)
|
(8 071)
|
(8 484)
|
(8 994)
|
(10 056)
|
(11 381)
|
(13 899)
|
(15 013)
|
(15 239)
|
(15 104)
|
(13 734)
|
(13 484)
|
(13 419)
|
(14 004)
|
(17 382)
|
(19 836)
|
(23 846)
|
(26 058)
|
(25 600)
|
(23 195)
|
(23 098)
|
(22 251)
|
(20 532)
|
(19 177)
|
(19 332)
|
(19 337)
|
(19 258)
|
|
Gross Profit |
432
N/A
|
507
+17%
|
762
+50%
|
1 323
+74%
|
1 833
+39%
|
2 358
+29%
|
2 698
+14%
|
2 743
+2%
|
2 505
-9%
|
2 355
-6%
|
2 210
-6%
|
2 083
-6%
|
2 017
-3%
|
1 996
-1%
|
1 678
-16%
|
1 433
-15%
|
1 467
+2%
|
1 937
+32%
|
2 208
+14%
|
2 475
+12%
|
2 795
+13%
|
3 597
+29%
|
4 474
+24%
|
5 827
+30%
|
6 203
+6%
|
4 589
-26%
|
3 671
-20%
|
2 471
-33%
|
3 116
+26%
|
4 576
+47%
|
6 637
+45%
|
7 572
+14%
|
7 333
-3%
|
6 513
-11%
|
6 398
-2%
|
6 720
+5%
|
6 620
-1%
|
6 704
+1%
|
6 919
+3%
|
6 789
-2%
|
6 897
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 085)
|
(131)
|
(796)
|
(805)
|
(829)
|
(174)
|
(1 009)
|
(1 027)
|
(1 025)
|
(195)
|
(836)
|
(890)
|
(936)
|
(396)
|
(836)
|
(811)
|
(832)
|
(455)
|
(444)
|
(506)
|
(530)
|
(628)
|
(1 191)
|
(1 228)
|
(1 278)
|
(849)
|
(1 797)
|
(1 813)
|
(1 906)
|
(933)
|
(480)
|
(1 028)
|
(984)
|
(1 032)
|
(715)
|
(999)
|
(1 061)
|
(1 045)
|
(1 118)
|
(1 163)
|
(1 153)
|
|
Selling, General & Administrative |
(110)
|
(124)
|
(139)
|
(148)
|
(174)
|
(168)
|
(181)
|
(196)
|
(189)
|
(187)
|
(200)
|
(257)
|
(287)
|
(393)
|
(403)
|
(397)
|
(428)
|
(461)
|
(481)
|
(526)
|
(554)
|
(598)
|
(661)
|
(699)
|
(750)
|
(788)
|
(835)
|
(848)
|
(954)
|
(910)
|
(1 043)
|
(1 085)
|
(1 030)
|
(976)
|
(1 005)
|
(1 024)
|
(1 081)
|
(977)
|
(1 085)
|
(1 107)
|
(1 099)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(4)
|
(4)
|
(24)
|
(23)
|
(21)
|
(21)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(1)
|
(3)
|
0
|
(4)
|
(4)
|
0
|
(9)
|
(10)
|
|
Depreciation & Amortization |
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(53)
|
0
|
0
|
0
|
(70)
|
0
|
0
|
0
|
(78)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(1 975)
|
(4)
|
(657)
|
(657)
|
(656)
|
(4)
|
(828)
|
(831)
|
(836)
|
(4)
|
(636)
|
(633)
|
(650)
|
5
|
(432)
|
(414)
|
(404)
|
17
|
39
|
23
|
28
|
12
|
(507)
|
(508)
|
(507)
|
(26)
|
(961)
|
(963)
|
(951)
|
30
|
564
|
57
|
46
|
15
|
294
|
26
|
24
|
14
|
(32)
|
(47)
|
(44)
|
|
Operating Income |
(1 653)
N/A
|
376
N/A
|
(35)
N/A
|
518
N/A
|
1 004
+94%
|
2 184
+118%
|
1 689
-23%
|
1 716
+2%
|
1 480
-14%
|
2 160
+46%
|
1 373
-36%
|
1 193
-13%
|
1 080
-9%
|
1 601
+48%
|
842
-47%
|
622
-26%
|
635
+2%
|
1 482
+133%
|
1 765
+19%
|
1 969
+12%
|
2 265
+15%
|
2 968
+31%
|
3 283
+11%
|
4 599
+40%
|
4 924
+7%
|
3 740
-24%
|
1 873
-50%
|
658
-65%
|
1 210
+84%
|
3 643
+201%
|
6 157
+69%
|
6 544
+6%
|
6 348
-3%
|
5 481
-14%
|
5 683
+4%
|
5 722
+1%
|
5 559
-3%
|
5 660
+2%
|
5 801
+2%
|
5 626
-3%
|
5 744
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
227
|
209
|
156
|
91
|
37
|
1
|
(19)
|
(31)
|
(62)
|
(78)
|
(96)
|
(144)
|
(206)
|
(251)
|
(314)
|
(327)
|
(337)
|
(413)
|
(456)
|
(481)
|
(493)
|
(452)
|
(400)
|
(231)
|
(34)
|
240
|
273
|
269
|
231
|
246
|
178
|
343
|
393
|
261
|
26
|
(169)
|
(367)
|
(385)
|
(318)
|
(419)
|
(519)
|
|
Non-Reccuring Items |
0
|
(658)
|
0
|
0
|
0
|
(825)
|
0
|
0
|
0
|
(628)
|
0
|
0
|
10
|
(416)
|
4
|
4
|
12
|
12
|
13
|
13
|
5
|
(510)
|
30
|
37
|
31
|
(997)
|
0
|
26
|
134
|
456
|
0
|
635
|
558
|
214
|
0
|
113
|
89
|
(4)
|
52
|
52
|
52
|
|
Gain/Loss on Disposition of Assets |
0
|
(169)
|
0
|
0
|
(37)
|
(23)
|
0
|
0
|
(102)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(190)
|
523
|
357
|
368
|
1 195
|
744
|
722
|
1 523
|
917
|
804
|
804
|
5
|
105
|
272
|
272
|
270
|
168
|
81
|
82
|
86
|
85
|
1
|
(8)
|
(11)
|
(10)
|
(31)
|
(32)
|
(34)
|
(28)
|
(3)
|
(40)
|
(40)
|
(46)
|
(23)
|
(44)
|
(44)
|
85
|
144
|
138
|
170
|
59
|
|
Pre-Tax Income |
(1 616)
N/A
|
281
N/A
|
478
+70%
|
977
+104%
|
2 199
+125%
|
2 082
-5%
|
2 392
+15%
|
3 208
+34%
|
2 233
-30%
|
2 258
+1%
|
2 082
-8%
|
1 054
-49%
|
990
-6%
|
1 206
+22%
|
804
-33%
|
569
-29%
|
478
-16%
|
1 163
+144%
|
1 404
+21%
|
1 587
+13%
|
1 862
+17%
|
1 998
+7%
|
2 904
+45%
|
4 394
+51%
|
4 911
+12%
|
2 951
-40%
|
2 114
-28%
|
919
-57%
|
1 547
+68%
|
4 343
+181%
|
6 295
+45%
|
7 482
+19%
|
7 253
-3%
|
5 934
-18%
|
5 665
-5%
|
5 622
-1%
|
5 365
-5%
|
5 415
+1%
|
5 673
+5%
|
5 429
-4%
|
5 336
-2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(56)
|
(56)
|
(50)
|
(40)
|
(33)
|
(19)
|
(14)
|
(10)
|
(5)
|
(6)
|
(9)
|
(42)
|
(37)
|
(51)
|
(58)
|
(40)
|
(65)
|
(73)
|
(64)
|
(71)
|
(63)
|
(52)
|
(51)
|
(43)
|
(38)
|
(140)
|
(157)
|
(177)
|
(366)
|
(684)
|
(979)
|
(1 154)
|
(1 323)
|
(865)
|
(776)
|
(651)
|
(368)
|
(493)
|
(483)
|
(764)
|
(787)
|
|
Income from Continuing Operations |
(1 672)
|
225
|
428
|
937
|
2 167
|
2 063
|
2 379
|
3 198
|
2 228
|
2 252
|
2 073
|
1 012
|
952
|
1 155
|
746
|
529
|
412
|
1 090
|
1 340
|
1 516
|
1 799
|
1 946
|
2 853
|
4 351
|
4 873
|
2 812
|
1 957
|
743
|
1 180
|
3 659
|
5 316
|
6 327
|
5 930
|
5 068
|
4 889
|
4 971
|
4 997
|
4 922
|
5 189
|
4 665
|
4 549
|
|
Income to Minority Interest |
3
|
(25)
|
(187)
|
(432)
|
(653)
|
(909)
|
(1 030)
|
(1 031)
|
(932)
|
(522)
|
(460)
|
(274)
|
(148)
|
(311)
|
(53)
|
52
|
44
|
77
|
42
|
(13)
|
(17)
|
(14)
|
(2)
|
(5)
|
(13)
|
(34)
|
(64)
|
(62)
|
(56)
|
(50)
|
(38)
|
(33)
|
(35)
|
19
|
14
|
(4)
|
(19)
|
(85)
|
(99)
|
(102)
|
(101)
|
|
Net Income (Common) |
(1 669)
N/A
|
200
N/A
|
242
+21%
|
505
+109%
|
1 514
+200%
|
1 154
-24%
|
1 348
+17%
|
2 167
+61%
|
1 296
-40%
|
1 730
+33%
|
1 612
-7%
|
738
-54%
|
805
+9%
|
845
+5%
|
692
-18%
|
581
-16%
|
456
-21%
|
1 167
+156%
|
1 382
+18%
|
1 503
+9%
|
1 782
+19%
|
1 933
+8%
|
2 852
+48%
|
4 346
+52%
|
4 860
+12%
|
2 777
-43%
|
1 893
-32%
|
680
-64%
|
1 124
+65%
|
3 609
+221%
|
5 278
+46%
|
6 295
+19%
|
5 894
-6%
|
5 087
-14%
|
4 902
-4%
|
4 967
+1%
|
4 979
+0%
|
4 837
-3%
|
5 091
+5%
|
4 563
-10%
|
4 448
-3%
|
|
EPS (Diluted) |
-0.36
N/A
|
0.04
N/A
|
0.05
+25%
|
0.11
+120%
|
0.32
+191%
|
0.23
-28%
|
0.25
+9%
|
0.4
+60%
|
0.25
-38%
|
0.33
+32%
|
0.31
-6%
|
0.14
-55%
|
0.15
+7%
|
0.16
+7%
|
0.13
-19%
|
0.11
-15%
|
0.08
-27%
|
0.19
+138%
|
0.23
+21%
|
0.21
-9%
|
0.28
+33%
|
0.29
+4%
|
0.42
+45%
|
0.64
+52%
|
0.72
+13%
|
0.41
-43%
|
0.28
-32%
|
0.12
-57%
|
0.17
+42%
|
0.48
+182%
|
0.65
+35%
|
0.77
+18%
|
0.74
-4%
|
0.61
-18%
|
0.59
-3%
|
0.6
+2%
|
0.59
-2%
|
0.6
+2%
|
0.63
+5%
|
0.57
-10%
|
0.55
-4%
|