HKG:2628 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Premiums & Annuity Revenue	208,952	208,386	203,090	207,719	178,459	569,671
Total Interest & Dividend Income	92,959	62,187	-30,022	42,994	54,205	231,470
Gain (Loss) on Sale of Investments	22,745	63,173	118,449	-50,267	-8,751	-26,420
Other Revenue	17,431	18,132	22,924	18,929	12,693	19,973
Total Revenue	342,087	351,878	314,441	219,375	236,606	794,694
Revenue Growth	11.48%	11.91%	43.34%	-7.28%	-70.23%	2.03%
Policy Benefits	145,602	143,488	175,095	145,915	125,340	603,685
Policy Acquisition & Underwriting Costs	1,758	1,787	1,798	1,731	1,499	65,744
Selling, General & Administrative	8,186	8,107	7,378	6,307	6,375	42,120
Other Operating Expenses	9,905	8,761	8,740	14,199	11,653	31,744
Total Operating Expenses	165,557	162,143	193,011	166,645	144,867	744,669
Operating Income	176,530	189,735	121,430	52,730	91,739	50,025
Interest Expense	-4,153	-4,158	-4,200	-	-	-
Currency Exchange Gain (Loss)	-277	-340	-25	-381	-69	645
Other Non Operating Income (Expenses)	65	-17	-82	-	-336	87
EBT Excluding Unusual Items	172,165	185,220	117,123	52,349	91,334	50,757
Gain (Loss) on Sale of Assets	55	57	91	73	122	69
Asset Writedown	-3,275	-3,275	-1,611	-71	-21,396	-88
Other Unusual Items	-437	-373	-390	-363	-	-398
Pretax Income	168,508	181,629	115,213	51,988	70,060	50,340
Income Tax Expense	21,155	25,077	6,273	-719	1,948	-1,917
Earnings From Continuing Ops.	147,353	156,552	108,940	52,707	68,112	52,257
Minority Interest in Earnings	-2,572	-2,474	-2,005	-1,523	-1,432	-1,491
Net Income	144,781	154,078	106,935	51,184	66,680	50,766
Net Income to Common	144,781	154,078	106,935	51,184	66,680	50,766
Net Income Growth	25.80%	44.09%	108.92%	-23.24%	31.35%	1.42%
Shares Outstanding (Basic)	28,273	28,265	28,265	28,265	28,254	28,265
Shares Outstanding (Diluted)	28,273	28,265	28,265	28,265	28,254	28,265
Shares Change	0.07%	-	-	0.04%	-0.04%	-
EPS (Basic)	5.12	5.45	3.78	1.81	2.36	1.80
EPS (Diluted)	5.12	5.45	3.78	1.81	2.36	1.80
EPS Growth	25.79%	44.18%	108.84%	-23.30%	31.40%	1.47%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Free Cash Flow	441,148	456,869	374,816	380,195	342,208	280,863
Free Cash Flow Per Share	15.60	16.16	13.26	13.45	12.11	9.94
Dividend Per Share	0.856	0.856	0.650	0.430	0.490	0.650
Dividend Growth	31.69%	31.69%	51.16%	-12.25%	-24.62%	1.56%
Operating Margin	51.60%	53.92%	38.62%	24.04%	38.77%	6.30%
Profit Margin	42.32%	43.79%	34.01%	23.33%	28.18%	6.39%
Free Cash Flow Margin	128.96%	129.84%	119.20%	173.31%	144.63%	35.34%
EBITDA	180,360	193,805	126,459	57,746	95,528	53,553
EBITDA Margin	52.72%	55.08%	40.22%	26.32%	40.37%	6.74%
D&A For EBITDA	3,830	4,070	5,029	5,016	3,789	3,528
EBIT	176,530	189,735	121,430	52,730	91,739	50,025
EBIT Margin	51.60%	53.92%	38.62%	24.04%	38.77%	6.30%
Effective Tax Rate	12.55%	13.81%	5.45%	-	2.78%	-