Guangzhou Rural Commercial Bank Co., Ltd. (HKG: 1551)

Guangzhou Rural Commercial Bank Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	41,746	41,746	43,818	42,566	37,150	36,065
Interest Paid on Deposits	25,162	25,162	25,236	23,007	19,503	17,182
Net Interest Income	16,583	16,583	18,582	19,559	17,647	18,883
Net Interest Income Growth (YoY)	-10.76%	-10.76%	-5.00%	10.83%	-6.54%	42.28%
Income From Trading Activities	109.02	109.02	1,077	2,043	1,977	2,735
Gain (Loss) on Sale of Assets	148.55	148.55	132.81	25.95	67.13	49.5
Gain (Loss) on Sale of Investments	349.22	349.22	510.11	343.93	361.34	52.59
Other Non-Interest Income	963.91	963.91	2,242	1,509	1,090	1,850
Total Non-Interest Income	1,571	1,571	3,963	3,921	3,495	4,688
Non-Interest Income Growth (YoY)	-60.36%	-60.36%	1.05%	12.21%	-25.45%	-36.61%
Revenues Before Loan Losses	18,154	18,154	22,545	23,481	21,142	23,571
Provision for Loan Losses	8,408	8,408	10,626	12,540	7,852	7,078
Revenue	9,746	9,746	11,919	10,940	13,290	16,493
Revenue Growth (YoY)	-18.23%	-18.23%	8.94%	-17.68%	-19.42%	11.16%
Salaries and Employee Benefits	4,313	4,313	4,855	3,942	4,433	4,105
Occupancy Expenses	672.83	672.83	714.67	877.51	876.71	903.92
Selling, General & Administrative	342.1	342.1	374.93	368.78	101.64	199.76
Other Non-Interest Expense	1,506	1,506	1,463	1,294	1,668	1,475
Total Non-Interest Expense	6,833	6,833	7,408	6,483	7,079	6,684
EBT Excluding Unusual Items	2,913	2,913	4,510	4,457	6,211	9,809
Other Unusual Items	-	-	-	-	76.23	86.48
Pretax Income	2,913	2,913	4,510	4,457	6,288	9,895
Income Tax Expense	-346.63	-346.63	472.57	680.99	1,011	1,984
Earnings From Continuing Operations	3,260	3,260	4,038	3,776	5,277	7,911
Minority Interest in Earnings	-625.09	-625.09	-545.62	-601.09	-195.32	-390.37
Net Income	2,634	2,634	3,492	3,175	5,081	7,520
Preferred Dividends & Other Adjustments	645.4	645.4	620.37	606.26	664.77	-
Net Income to Common	1,989	1,989	2,872	2,569	4,417	7,520
Net Income Growth	-24.56%	-24.56%	9.98%	-37.51%	-32.43%	15.23%
Basic Shares Outstanding	11,476	11,476	11,451	9,859	9,808	9,808
Diluted Shares Outstanding	11,476	11,476	11,451	9,859	9,808	9,808
Shares Change (YoY)	0.21%	0.21%	16.15%	0.52%	-	-
EPS (Basic)	0.17	0.17	0.25	0.26	0.45	0.77
EPS (Diluted)	0.17	0.17	0.25	0.26	0.45	0.77
EPS Growth	-30.89%	-30.89%	-3.76%	-42.13%	-41.27%	15.23%
Dividend Per Share	0.040	0.040	0.105	0.105	0.200	0.200
Dividend Growth	-61.90%	-61.90%	0%	-47.50%	0%	0%
Effective Tax Rate	-	-	10.48%	15.28%	16.08%	20.05%

Source: S&P Capital IQ. Banks template. Financial Sources.