China Development Bank Financial Leasing Co., Ltd. (HKG: 1606)

China Development Bank Financial Leasing 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	10,721	10,644	10,289	9,813	9,200	8,287
Total Interest Expense	12,255	10,362	8,207	8,088	6,981	7,167
Net Interest Income	-1,535	281.81	2,082	1,726	2,219	1,120
Gain (Loss) on Sale of Investments	122.1	155.51	32.49	87.28	41.19	220.36
Other Revenue	18,475	15,830	13,900	12,592	9,234	8,904
Revenue Before Loan Losses	17,063	16,267	16,015	14,405	11,494	10,245
Provision for Loan Losses	-58.84	738.81	909.41	2,228	642.39	-
Revenue	17,122	15,529	15,105	12,177	10,852	10,245
Revenue Growth (YoY)	16.39%	2.80%	24.04%	12.21%	5.93%	38.21%
Salaries & Employee Benefits	544.54	502.42	546.79	494.79	430.45	561.88
Cost of Services Provided	90.94	102.44	70.46	108.88	105.76	70.24
Other Operating Expenses	1,959	1,806	1,554	1,054	497.2	446
Total Operating Expenses	9,204	8,500	7,541	5,992	5,157	4,806
Operating Income	7,918	7,029	7,565	6,185	5,695	5,438
Currency Exchange Gain (Loss)	-1,385	-358.31	127.52	72.49	-161.96	38.61
EBT Excluding Unusual Items	6,408	6,636	7,375	6,019	5,461	5,497
Gain (Loss) on Sale of Investments	-6.31	-	-	-	-	-1,087
Pretax Income	5,347	5,419	4,958	5,536	4,584	3,993
Income Tax Expense	1,275	1,269	1,607	1,613	1,315	1,055
Net Income	4,071	4,150	3,351	3,922	3,268	2,938
Net Income to Common	4,071	4,150	3,351	3,922	3,268	2,938
Net Income Growth	21.11%	23.85%	-14.56%	20.01%	11.24%	17.20%
Shares Outstanding (Basic)	12,642	12,642	12,642	12,642	12,642	12,642
Shares Outstanding (Diluted)	12,642	12,642	12,642	12,642	12,642	12,642
EPS (Basic)	0.32	0.33	0.27	0.31	0.26	0.23
EPS (Diluted)	0.32	0.33	0.27	0.31	0.26	0.23
EPS Growth	20.35%	23.85%	-14.49%	19.91%	12.40%	15.99%
Free Cash Flow	107,332	46,669	3,057	-842.62	10,876	-10,462
Free Cash Flow Per Share	8.49	3.69	0.24	-0.07	0.86	-0.83
Dividend Per Share	0.098	0.098	0.080	0.093	0.078	0.105
Dividend Growth	23.84%	23.84%	-14.56%	20.00%	-25.84%	17.20%
Operating Margin	46.24%	45.26%	50.08%	50.79%	52.48%	53.08%
Profit Margin	23.78%	26.73%	22.18%	32.21%	30.12%	28.68%
Free Cash Flow Margin	626.88%	300.53%	20.24%	-6.92%	100.22%	-102.13%
Effective Tax Rate	23.86%	23.41%	32.41%	29.15%	28.69%	26.41%
Revenue as Reported	28,425	26,655	25,053	23,316	19,329	18,343

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