Huatai Securities Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	38,040	35,277	27,896	24,204	26,012	21,123
Total Interest Expense	8,988	10,856	13,663	11,111	10,990	8,359
Net Interest Income	29,052	24,421	14,233	13,092	15,022	12,765
Brokerage Commission	-	-	-	-	22,325	18,458
Gain on Sale of Investments (Rev)	-7,901	-4,862	974.51	-3,214	-	-
Other Revenue	22,332	20,960	19,739	19,665	3,555	1,370
Revenue Before Loan Losses	43,483	40,519	34,946	29,544	40,903	32,592
Provision for Loan Losses	242.75	242.75	0.48	-386.41	-0.27	-9.75
Revenue	43,241	40,276	34,946	29,930	40,903	32,602
Revenue Growth (YoY)	25.77%	15.25%	16.76%	-26.83%	25.46%	33.30%
Salaries & Employee Benefits	-	-	-	-	11,357	10,404
Cost of Services Provided	17,325	17,434	17,079	16,849	6,361	5,363
Other Operating Expenses	8,659	8,217	5,222	3,526	7,304	4,125
Total Operating Expenses	26,949	25,724	22,363	20,340	26,911	22,625
Operating Income	16,292	14,552	12,582	9,590	13,992	9,977
Currency Exchange Gains	764.59	750.3	1,323	2,199	-282.02	-821.22
Other Non-Operating Income (Expenses)	37.2	-	-153.25	-	28.75	209.92
EBT Excluding Unusual Items	17,093	15,303	13,752	11,789	16,369	13,569
Legal Settlements	-176.07	-176.07	-570.04	-	-	-
Gain (Loss) on Sale of Investments	68.94	68.94	473.68	63.98	-96.71	-66.44
Other Unusual Items	274.03	152.43	547.06	372.53	-	-
Pretax Income	17,266	15,352	14,205	12,228	16,273	13,504
Income Tax Expense	1,764	-166.53	1,168	861.42	2,672	2,634
Earnings From Continuing Ops.	15,502	15,519	13,036	11,367	13,601	10,870
Minority Interest in Earnings	60.8	-167.71	-285.63	-312.63	-254.79	-47.95
Net Income	15,563	15,351	12,751	11,054	13,346	10,822
Preferred Dividends & Other Adjustments	715.83	715.83	583.5	433.88	96.52	-
Net Income to Common	14,847	14,635	12,167	10,620	13,250	10,822
Net Income Growth	-0.79%	20.39%	15.35%	-17.17%	23.32%	20.23%
Shares Outstanding (Basic)	9,022	9,009	8,996	8,986	8,986	9,027
Shares Outstanding (Diluted)	9,029	9,016	9,007	8,986	8,986	9,027
Shares Change (YoY)	0.22%	0.11%	0.23%	-0.00%	-0.46%	3.92%
EPS (Basic)	1.65	1.62	1.35	1.18	1.47	1.20
EPS (Diluted)	1.64	1.62	1.33	1.16	1.46	1.19
EPS Growth	-0.70%	22.01%	15.04%	-20.72%	22.58%	15.36%
Free Cash Flow	-17,241	66,362	-33,135	65,733	-68,290	-14,876
Free Cash Flow Per Share	-1.91	7.36	-3.68	7.32	-7.60	-1.65
Dividend Per Share	0.520	0.520	0.430	0.450	0.450	0.400
Dividend Growth	-10.35%	20.93%	-4.44%	-	12.50%	33.33%
Operating Margin	37.68%	36.13%	36.00%	32.04%	34.21%	30.60%
Profit Margin	34.34%	36.34%	34.82%	35.48%	32.39%	33.20%
Free Cash Flow Margin	-39.87%	164.77%	-94.82%	219.62%	-166.96%	-45.63%
Effective Tax Rate	10.22%	-	8.22%	7.04%	16.42%	19.50%
Revenue as Reported	44,492	41,466	36,578	32,032	51,926	40,534

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