HKG:1339 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	573,061	570,717	537,709	503,900	468,802	529,891
Total Interest & Dividend Income	12,075	69	1,533	17,086	10,713	38,708
Gain (Loss) on Sale of Investments	13,793	34,445	25,166	-13,565	-5,185	11,501
Other Revenue	19,089	18,837	17,122	17,906	18,493	14,448
Total Revenue	618,018	624,068	581,530	525,327	492,823	594,548
Revenue Growth (YoY)	3.75%	7.32%	10.70%	6.59%	-17.11%	2.13%
Policy Benefits	535,210	533,543	500,301	479,397	439,680	423,403
Policy Acquisition & Underwriting Costs	-	-	-	-	-	50,939
Selling, General & Administrative	11,927	11,833	9,131	9,224	7,752	90,360
Provision for Bad Debts	-15	47	-65	-6	-	-
Other Operating Expenses	-266	-338	-397	-438	-434	1,566
Total Operating Expenses	546,900	545,129	509,031	488,252	447,079	566,926
Operating Income	71,118	78,939	72,499	37,075	45,744	27,622
Interest Expense	-1,337	-1,260	-1,471	-1,463	-2,206	-5,460
Earnings From Equity Investments	-	-	-	-	-	13,571
Currency Exchange Gain (Loss)	-513	-308	64	228	1,002	-331
Other Non Operating Income (Expenses)	-112	-132	-69	-60	-205	-
EBT Excluding Unusual Items	69,156	77,239	71,023	35,780	44,335	35,402
Gain (Loss) on Sale of Investments	-664	-664	-	-	-	-
Gain (Loss) on Sale of Assets	130	110	174	209	321	330
Asset Writedown	-880	-880	-472	-463	-182	-143
Other Unusual Items	-2,588	-1,853	-1,493	-1,969	-1,757	-
Pretax Income	65,154	73,952	69,232	33,557	42,717	35,589
Income Tax Expense	8,132	11,501	12,451	2,746	7,270	5,219
Earnings From Continuing Ops.	57,022	62,451	56,781	30,811	35,447	30,370
Minority Interest in Earnings	-14,850	-16,244	-14,630	-8,489	-10,065	-8,894
Net Income	42,172	46,207	42,151	22,322	25,382	21,476
Net Income to Common	42,172	46,207	42,151	22,322	25,382	21,476
Net Income Growth	-8.39%	9.62%	88.83%	-12.06%	18.19%	7.19%
Shares Outstanding (Basic)	44,165	44,224	44,224	44,224	44,224	44,224
Shares Outstanding (Diluted)	44,745	44,224	44,224	44,224	44,224	44,224
Shares Change (YoY)	1.47%	-	-	-	-	-
EPS (Basic)	0.95	1.04	0.95	0.50	0.57	0.49
EPS (Diluted)	0.90	1.00	0.91	0.48	0.56	0.49
EPS Growth	-10.83%	9.17%	91.67%	-14.14%	14.33%	7.92%
Free Cash Flow	92,738	113,905	83,593	66,976	64,545	69,076
Free Cash Flow Per Share	2.07	2.58	1.89	1.51	1.46	1.56
Dividend Per Share	0.220	0.220	0.180	0.156	0.166	0.164
Dividend Growth	22.22%	22.22%	15.38%	-6.02%	1.22%	5.13%
Operating Margin	11.51%	12.65%	12.47%	7.06%	9.28%	4.65%
Profit Margin	6.82%	7.40%	7.25%	4.25%	5.15%	3.61%
Free Cash Flow Margin	15.01%	18.25%	14.37%	12.75%	13.10%	11.62%
EBITDA	73,884	81,661	75,045	39,635	48,370	30,144
EBITDA Margin	11.96%	13.08%	12.90%	7.54%	9.81%	5.07%
D&A For EBITDA	2,766	2,722	2,546	2,560	2,626	2,522
EBIT	71,118	78,939	72,499	37,075	45,744	27,622
EBIT Margin	11.51%	12.65%	12.47%	7.06%	9.28%	4.65%
Effective Tax Rate	12.48%	15.55%	17.98%	8.18%	17.02%	14.67%
Revenue as Reported	669,254	669,254	622,220	553,467	528,527	594,606

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