China Shipbuilding Industry Company Limited

601989.SS

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

7,761

Cost of Revenue

6,922

Gross Profit

839

Gross Margin

10.8%

Operating Income

191

Operating Margin

2.5%

Net Income

183

Net Margin

2.4%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

562

EBITDA Margin

7.2%

2023

12/31/2023

Revenue

6,537

Cost of Revenue

5,903

Gross Profit

634

Gross Margin

9.7%

Operating Income

-104

Operating Margin

-1.6%

Net Income

-109

Net Margin

-1.7%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

263

EBITDA Margin

4.0%

2022

12/31/2022

Revenue

6,182

Cost of Revenue

5,700

Gross Profit

482

Gross Margin

7.8%

Operating Income

Operating Margin

0.3%

Net Income

-341

Net Margin

-5.5%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

EBITDA Margin

0.4%

2021

12/31/2021

Revenue

5,536

Cost of Revenue

5,095

Gross Profit

441

Gross Margin

8.0%

Operating Income

Operating Margin

0.5%

Net Income

Net Margin

0.3%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

369

EBITDA Margin

6.7%

2020

12/31/2020

Revenue

4,887

Cost of Revenue

4,360

Gross Profit

527

Gross Margin

10.8%

Operating Income

242

Operating Margin

5.0%

Net Income

-71

Net Margin

-1.4%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

283

EBITDA Margin

5.8%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	7,761	6,537	6,182	5,536	4,887
Cost of Revenue	6,922	5,903	5,700	5,095	4,360
Gross Profit	839	634	482	441	527
Gross Margin	10.8%	9.7%	7.8%	8.0%	10.8%
Operating Income	191	-104	21	25	242
Operating Margin	2.5%	-1.6%	0.3%	0.5%	5.0%
Net Income	183	-109	-341	16	-71
Net Margin	2.4%	-1.7%	-5.5%	0.3%	-1.4%
EPS (Basic)	$0.00	$0.00	$0.00	$0.00	$0.00
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00
EBITDA	562	263	25	369	283
EBITDA Margin	7.2%	4.0%	0.4%	6.7%	5.8%