VCREDIT Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Interest and Dividend Income	2,139	1,968	1,477	1,922	1,972
Total Interest Expense	296.91	347.93	331.34	531.03	593.92
Net Interest Income	1,842	1,620	1,146	1,391	1,378
Other Revenue	114.79	257.38	141.89	109.52	479.19
Revenue Before Loan Losses	3,767	3,827	3,529	3,065	3,397
Provision for Loan Losses	1,849	1,093	688.35	623.43	415.62
Revenue	1,918	2,734	2,840	2,442	2,981
Revenue Growth (YoY)	-29.85%	-3.74%	16.34%	-18.11%	-
Salaries & Employee Benefits	-	0.51	1.64	4.97	33.29
Cost of Services Provided	2,394	2,023	2,058	1,679	1,513
Other Operating Expenses	-121.13	-120.53	-57.35	-72.28	-72.07
Total Operating Expenses	2,273	1,903	2,003	1,612	1,474
Operating Income	-354.38	831.38	837.82	829.46	1,507
Earnings From Equity Investments	-10.02	-6.82	-7.85	-	0.69
Currency Exchange Gain (Loss)	-25.2	-11.99	-0.58	-45.3	20.19
EBT Excluding Unusual Items	-692.24	615.08	599.1	706.17	1,519
Gain (Loss) on Sale of Investments	12.73	14.29	-0.83	-14.82	-4.91
Other Unusual Items	-	-	-1.28	3.78	-
Pretax Income	-679.52	629.38	596.99	695.12	1,514
Income Tax Expense	-119.7	151.21	143.08	162.65	334.98
Earnings From Continuing Ops.	-559.82	478.16	453.91	532.47	1,179
Minority Interest in Earnings	0.01	0	-0.01	-0.01	-0.02
Net Income	-559.81	478.17	453.91	532.47	1,179
Net Income to Common	-559.81	478.17	453.91	532.47	1,179
Net Income Growth	-	5.34%	-14.75%	-54.85%	-
Shares Outstanding (Basic)	488	488	488	487	488
Shares Outstanding (Diluted)	489	490	490	490	492
Shares Change (YoY)	-0.11%	-0.02%	-0.04%	-0.40%	0.04%
EPS (Basic)	-1.15	0.98	0.93	1.09	2.42
EPS (Diluted)	-1.15	0.98	0.93	1.09	2.40
EPS Growth	-	5.32%	-14.68%	-54.58%	-
Free Cash Flow	-	1,424	-1,366	3,014	-1,033
Free Cash Flow Per Share	-	2.91	-2.79	6.15	-2.10
Dividend Per Share	0.045	0.188	0.227	0.177	0.204
Dividend Growth	-76.09%	-17.18%	28.27%	-13.14%	-
Operating Margin	-18.48%	30.41%	29.50%	33.97%	50.56%
Profit Margin	-29.18%	17.49%	15.98%	21.81%	39.55%
Free Cash Flow Margin	-	52.07%	-48.08%	123.44%	-34.64%
Effective Tax Rate	-	24.03%	23.97%	23.40%	22.12%

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