VCREDIT Holdings 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	Jun '25 Jun 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	1,989	1,968	1,477	1,922	1,972	2,017
Total Interest Expense	307.03	347.93	331.34	531.03	593.92	719.29
Net Interest Income	1,682	1,620	1,146	1,391	1,378	1,298
Other Revenue	649.39	257.38	141.89	109.52	479.19	202.46
Revenue Before Loan Losses	4,611	3,827	3,529	3,065	3,397	2,214
Provision for Loan Losses	1,160	1,093	688.35	623.43	415.62	2,310
Revenue	3,452	2,734	2,840	2,442	2,981	-96.09
Revenue Growth (YoY)	47.90%	-3.74%	16.34%	-18.11%	-	-
Salaries & Employee Benefits	0.51	0.51	1.64	4.97	33.29	74.72
Cost of Services Provided	2,535	2,023	2,058	1,679	1,513	1,119
Other Operating Expenses	-103.81	-120.53	-57.35	-72.28	-72.07	-371.07
Total Operating Expenses	2,432	1,903	2,003	1,612	1,474	822.5
Operating Income	1,019	831.38	837.82	829.46	1,507	-918.6
Earnings From Equity Investments	-8.88	-6.82	-7.85	-	0.69	-11.07
Currency Exchange Gain (Loss)	-22.42	-11.99	-0.58	-45.3	20.19	38.15
EBT Excluding Unusual Items	755.25	615.08	599.1	706.17	1,519	-1,067
Gain (Loss) on Sale of Investments	-2.9	14.29	-0.83	-14.82	-4.91	0.47
Other Unusual Items	-	-	-1.28	3.78	-	3.41
Pretax Income	752.35	629.38	596.99	695.12	1,514	-1,063
Income Tax Expense	178.54	151.21	143.08	162.65	334.98	-193.26
Earnings From Continuing Ops.	573.81	478.16	453.91	532.47	1,179	-869.56
Minority Interest in Earnings	0	0	-0.01	-0.01	-0.02	-0.02
Net Income	573.81	478.17	453.91	532.47	1,179	-869.58
Net Income to Common	573.81	478.17	453.91	532.47	1,179	-869.58
Net Income Growth	110.85%	5.34%	-14.75%	-54.85%	-	-
Shares Outstanding (Basic)	488	488	488	487	488	492
Shares Outstanding (Diluted)	490	490	490	490	492	492
Shares Change (YoY)	0.01%	-0.02%	-0.04%	-0.40%	0.04%	-2.15%
EPS (Basic)	1.18	0.98	0.93	1.09	2.42	-1.77
EPS (Diluted)	1.17	0.98	0.93	1.09	2.40	-1.77
EPS Growth	109.88%	5.32%	-14.68%	-54.58%	-	-
Free Cash Flow	-1,050	1,424	-1,366	3,014	-1,033	5,252
Free Cash Flow Per Share	-2.14	2.91	-2.79	6.15	-2.10	10.68
Dividend Per Share	0.234	0.188	0.227	0.177	0.204	-
Dividend Growth	165.09%	-17.18%	28.27%	-13.14%	-	-
Operating Margin	29.54%	30.41%	29.50%	33.97%	50.56%	-
Profit Margin	16.63%	17.49%	15.98%	21.81%	39.55%	-
Free Cash Flow Margin	-30.42%	52.07%	-48.08%	123.44%	-34.64%	-
Effective Tax Rate	23.73%	24.03%	23.97%	23.40%	22.12%	-

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