GF Securities Co., Ltd. (HKG: 1776)

GF Securities 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	18,333	17,278	13,459	20,476	18,845	16,881
Total Interest Expense	10,441	10,411	8,754	8,728	7,444	7,676
Net Interest Income	7,892	6,868	4,705	11,748	11,401	9,204
Brokerage Commission	14,814	14,814	16,670	-	-	-
Gain on Sale of Investments (Rev)	1,065	-	-	407.38	665.92	1,097
Other Revenue	-441.97	400.66	1,124	20,910	15,929	11,740
Revenue Before Loan Losses	23,330	22,083	22,499	33,066	27,996	22,041
Provision for Loan Losses	-41.15	-41.15	-188.92	356.9	388.31	122.47
Revenue	23,371	22,124	22,688	32,709	27,608	21,919
Revenue Growth (YoY)	1.33%	-2.49%	-30.64%	18.48%	25.95%	49.98%
Salaries & Employee Benefits	8,773	8,773	8,880	-	-	-
Cost of Services Provided	472.95	549.46	534.7	15,961	12,744	9,393
Other Operating Expenses	4,171	3,708	3,172	2,280	1,926	2,036
Total Operating Expenses	14,376	14,025	13,458	18,219	14,763	11,506
Operating Income	8,995	8,099	9,230	14,490	12,845	10,413
Currency Exchange Gains	53.5	-	-	4.27	34.6	5.35
Other Non-Operating Income (Expenses)	-821.73	-	-	1,114	-30.79	-590.1
EBT Excluding Unusual Items	8,942	8,814	10,170	15,608	12,848	9,829
Asset Writedown	1.88	-3.63	-12.02	-	-	-
Gain (Loss) on Sale of Investments	-71.66	-71.66	234.22	-645.61	-371.86	-315.37
Other Unusual Items	662.9	-	-	-	1,088	761.36
Pretax Income	9,540	8,744	10,388	14,964	13,599	10,276
Income Tax Expense	716.54	881.52	1,490	2,909	2,828	2,166
Earnings From Continuing Ops.	8,823	7,863	8,898	12,055	10,771	8,110
Minority Interest in Earnings	-890.93	-885.12	-968.72	-1,201	-732.76	-571.34
Net Income	7,932	6,978	7,929	10,854	10,038	7,539
Preferred Dividends & Other Adjustments	685.88	685.88	198.58	12.66	-	-
Net Income to Common	7,246	6,292	7,731	10,841	10,038	7,539
Net Income Growth	-6.73%	-12.00%	-26.95%	8.13%	33.15%	75.32%
Shares Outstanding (Basic)	7,722	7,606	7,612	7,621	7,621	7,621
Shares Outstanding (Diluted)	7,722	7,606	7,612	7,621	7,621	7,621
Shares Change (YoY)	-3.20%	-0.08%	-0.12%	-	-	-
EPS (Basic)	0.94	0.83	1.02	1.42	1.32	0.99
EPS (Diluted)	0.94	0.83	1.02	1.42	1.32	0.99
EPS Growth	-9.88%	-18.54%	-28.48%	7.81%	33.15%	76.65%
Free Cash Flow	15,477	-3,294	39,446	-27,994	16,784	39,817
Free Cash Flow Per Share	2.00	-0.43	5.18	-3.67	2.20	5.22
Dividend Per Share	0.400	0.300	0.350	0.500	0.450	0.550
Dividend Growth	14.29%	-14.29%	-30.00%	11.11%	-18.18%	-
Operating Margin	38.49%	36.61%	40.68%	44.30%	46.53%	47.51%
Profit Margin	31.01%	28.44%	34.07%	33.15%	36.36%	34.39%
Free Cash Flow Margin	66.22%	-14.89%	173.86%	-85.59%	60.80%	181.66%
Effective Tax Rate	7.51%	10.08%	14.34%	19.44%	20.80%	21.08%
Revenue as Reported	34,422	33,298	33,256	34,250	29,153	22,810

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