China Minsheng Banking Corp., Ltd. (HKG: 1988)

China Minsheng Banking Corp. 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 Income on Loans	256,953	267,126	262,937	277,679	286,593	274,815
Interest Paid on Deposits	157,987	164,695	155,474	151,904	151,369	152,781
Net Interest Income	98,966	102,431	107,463	125,775	135,224	122,034
Net Interest Income Growth (YoY)	-4.16%	-4.68%	-14.56%	-6.99%	10.81%	59.15%
Income From Trading Activities	4,748	4,748	4,690	3,110	-	-
Gain (Loss) on Sale of Investments	9,001	8,529	4,357	7,346	-	-
Other Non-Interest Income	22,625	24,276	25,214	31,625	49,225	58,407
Total Non-Interest Income	36,374	37,553	34,261	42,081	49,225	58,407
Non-Interest Income Growth (YoY)	0.57%	9.61%	-18.58%	-14.51%	-15.72%	-24.62%
Revenues Before Loan Losses	135,340	139,984	141,724	167,856	184,449	180,441
Provision for Loan Losses	45,359	45,707	48,762	77,398	92,988	62,807
Revenue	89,981	94,277	92,962	90,458	91,461	117,634
Revenue Growth (YoY)	-3.93%	1.41%	2.77%	-1.10%	-22.25%	9.03%
Salaries and Employee Benefits	32,176	32,176	31,455	31,015	-	-
Occupancy Expenses	7,381	7,381	6,808	6,508	-	-
Selling, General & Administrative	14,121	13,870	14,971	14,011	50,686	48,244
Other Non-Interest Expense	2,693	3,492	2,558	3,324	4,086	4,458
Total Non-Interest Expense	56,199	56,919	55,792	54,858	55,257	52,896
EBT Excluding Unusual Items	33,782	37,358	37,170	35,600	36,204	64,738
Other Unusual Items	-	-	-	-	502	-
Pretax Income	33,782	37,358	37,170	35,600	36,706	64,738
Income Tax Expense	917	1,372	1,393	747	1,604	9,814
Earnings From Continuing Operations	32,865	35,986	35,777	34,853	35,102	54,924
Minority Interest in Earnings	-133	-163	-508	-472	-793	-1,105
Net Income	32,732	35,823	35,269	34,381	34,309	53,819
Preferred Dividends & Other Adjustments	4,316	4,316	4,106	3,328	3,337	558
Net Income to Common	28,416	31,507	31,163	31,053	30,972	53,261
Net Income Growth	-6.66%	1.57%	2.58%	0.21%	-36.25%	6.94%
Basic Shares Outstanding	44,303	43,782	43,782	43,782	43,782	43,782
Diluted Shares Outstanding	44,303	43,782	43,782	43,782	43,782	43,782
Shares Change (YoY)	0.43%	-	-	-	-	-
EPS (Basic)	0.64	0.72	0.71	0.71	0.71	1.22
EPS (Diluted)	0.64	0.72	0.71	0.71	0.71	1.22
EPS Growth	-8.39%	1.36%	0.10%	0.26%	-41.85%	7.00%
Dividend Per Share	0.346	0.216	0.214	0.213	0.213	0.370
Dividend Growth	61.68%	0.93%	0.47%	0%	-42.43%	7.25%
Effective Tax Rate	2.71%	3.67%	3.75%	2.10%	4.37%	15.16%

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