Huishang Bank Corporation Limited (HKG: 3698)

Huishang Bank Corporation 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	65,902	64,992	60,962	57,114	51,310	48,444
Interest Income on Investments	4.64	4.64	6.4	-	1.44	1.2
Total Interest Income	65,906	64,997	60,969	57,114	51,311	48,445
Interest Paid on Deposits	37,638	36,272	32,258	30,257	25,558	23,103
Net Interest Income	28,269	28,725	28,711	26,856	25,754	25,342
Net Interest Income Growth (YoY)	-6.14%	0.05%	6.91%	4.28%	1.62%	41.04%
Income From Trading Activities	4,337	3,601	2,119	-	2,497	2,100
Gain (Loss) on Sale of Assets	-	-	-	-12.64	-	-
Gain (Loss) on Sale of Investments	1,290	609.27	745.6	4,353	-187.42	238.69
Other Non-Interest Income	3,374	3,430	4,654	4,515	3,871	3,632
Total Non-Interest Income	9,001	7,640	7,519	8,855	6,180	5,971
Non-Interest Income Growth (YoY)	32.70%	1.62%	-15.09%	43.28%	3.51%	-33.53%
Revenues Before Loan Losses	37,270	36,365	36,230	35,711	31,934	31,313
Provision for Loan Losses	9,092	8,570	6,870	13,552	12,259	11,897
Revenue	28,178	27,796	29,359	22,160	19,675	19,415
Revenue Growth (YoY)	-9.64%	-5.33%	32.49%	12.63%	1.34%	14.98%
Salaries and Employee Benefits	6,033	5,940	5,580	4,875	4,206	4,155
Occupancy Expenses	821.71	824.06	818.17	818.23	705.01	619.07
Amortization of Goodwill & Intangibles	213.02	209.22	164.69	249.13	114.88	66.7
Selling, General & Administrative	2,499	2,494	2,289	2,214	1,962	1,796
Other Non-Interest Expense	745.64	732.51	622.7	450.23	666.51	454.37
Total Non-Interest Expense	9,990	9,910	9,253	8,622	7,592	7,092
EBT Excluding Unusual Items	18,188	17,886	20,107	13,537	12,083	12,324
Asset Writedown	-	-	-	-	-	-22.82
Pretax Income	17,959	17,657	17,315	13,537	12,083	12,301
Income Tax Expense	2,468	2,666	3,632	1,752	2,161	2,239
Earnings From Continuing Operations	15,491	14,991	13,683	11,785	9,921	10,062
Minority Interest in Earnings	-529.43	-557.32	-285.47	-324.81	-351.66	-242.82
Net Income	14,962	14,433	13,398	11,460	9,570	9,819
Preferred Dividends & Other Adjustments	490	490	490	837.02	847.6	379.5
Net Income to Common	14,472	13,943	12,908	10,623	8,722	9,439
Net Income Growth	4.95%	7.73%	16.90%	19.76%	-2.54%	12.25%
Basic Shares Outstanding	13,890	13,890	13,890	13,890	12,160	12,155
Diluted Shares Outstanding	13,890	13,890	13,890	13,890	12,160	12,155
Shares Change (YoY)	-	-	-	14.23%	0.04%	-
EPS (Basic)	1.04	1.00	0.93	0.76	0.72	0.78
EPS (Diluted)	1.04	1.00	0.93	0.76	0.72	0.78
EPS Growth	5.05%	7.61%	22.27%	5.95%	-7.63%	12.78%
Dividend Per Share	0.146	0.146	0.129	0.089	-	0.157
Dividend Growth	13.18%	13.18%	44.94%	-	-	180.36%
Effective Tax Rate	13.74%	15.10%	20.98%	12.94%	17.89%	18.20%

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