Chongqing Rural Commercial Bank Co., Ltd. (HKG: 3618)

Chongqing Rural Commercial Bank 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	47,483	49,887	51,258	51,749	45,859	45,138
Interest Paid on Deposits	25,236	26,394	25,854	25,514	21,610	21,764
Net Interest Income	22,247	23,493	25,404	26,235	24,249	23,374
Net Interest Income Growth (YoY)	-9.22%	-7.52%	-3.17%	8.19%	3.74%	16.79%
Income From Trading Activities	1,886	1,886	687.45	1,239	767.46	759.76
Gain (Loss) on Sale of Assets	22.68	23.05	34.91	53.96	94.5	45.74
Gain (Loss) on Sale of Investments	-785.5	289.23	469.82	124.18	37.56	86.7
Gain (Loss) on Sale of Equity Investments	22.66	22.66	3.25	1.1	0.33	-
Other Non-Interest Income	4,066	2,243	2,342	3,197	3,033	2,376
Total Non-Interest Income	5,212	4,464	3,537	4,615	3,933	3,269
Non-Interest Income Growth (YoY)	36.73%	26.21%	-23.35%	17.34%	20.32%	-46.58%
Revenues Before Loan Losses	27,459	27,957	28,941	30,850	28,182	26,642
Provision for Loan Losses	6,379	5,941	7,840	10,852	10,209	6,573
Revenue	21,080	22,016	21,101	19,998	17,973	20,070
Revenue Growth (YoY)	-5.39%	4.34%	5.52%	11.26%	-10.45%	0.63%
Salaries and Employee Benefits	5,728	5,728	5,629	5,467	4,846	-
Occupancy Expenses	803.23	803.23	785.67	829.84	-	-
Selling, General & Administrative	1,779	2,796	2,628	2,026	-	-
Other Non-Interest Expense	557.21	486.13	486.69	442.24	3,069	7,796
Total Non-Interest Expense	8,869	9,813	9,530	8,765	7,915	7,796
EBT Excluding Unusual Items	12,211	12,203	11,571	11,232	10,059	12,273
Pretax Income	12,285	12,196	11,560	11,201	10,063	12,233
Income Tax Expense	730.01	1,071	1,082	1,482	1,498	2,245
Earnings From Continuing Operations	11,555	11,125	10,478	9,718	8,565	9,988
Minority Interest in Earnings	-299.72	-222.8	-202.27	-158.65	-163.58	-228.22
Net Income	11,255	10,902	10,276	9,560	8,401	9,760
Preferred Dividends & Other Adjustments	238	238	160	-	-	-
Net Income to Common	11,017	10,664	10,116	9,560	8,401	9,760
Net Income Growth	2.43%	6.10%	7.49%	13.79%	-13.92%	7.75%
Basic Shares Outstanding	11,362	11,357	11,357	11,357	11,357	10,279
Diluted Shares Outstanding	11,362	11,357	11,357	11,357	11,357	10,279
Shares Change (YoY)	-0.11%	-	-	-	10.49%	2.79%
EPS (Basic)	0.97	0.94	0.89	0.84	0.74	0.95
EPS (Diluted)	0.97	0.94	0.89	0.84	0.74	0.95
EPS Growth	1.93%	5.51%	5.73%	13.79%	-22.09%	4.82%
Dividend Per Share	0.288	0.288	0.271	0.253	0.222	0.230
Dividend Growth	6.30%	6.30%	7.49%	13.74%	-3.48%	15.00%
Effective Tax Rate	5.94%	8.78%	9.36%	13.23%	14.89%	18.35%

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