HKG:6963 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
Premiums & Annuity Revenue	66,792	65,784	62,504	57,856	97,282
Total Interest & Dividend Income	1,997	6,838	8,881	1,785	13,442
Gain (Loss) on Sale of Investments	5,914	2,459	-2,710	3,811	3,654
Other Revenue	3,581	3,590	3,082	3,150	5,591
Total Revenue	78,284	78,671	71,757	66,602	119,969
Revenue Growth (YoY)	-0.49%	9.63%	7.74%	-44.48%	4.27%
Policy Benefits	62,450	60,401	59,066	56,134	83,295
Policy Acquisition & Underwriting Costs	-	-	-	-	11,752
Selling, General & Administrative	7,220	8,122	5,714	4,673	17,856
Provision for Bad Debts	432	708	76	-	-
Total Operating Expenses	70,102	69,231	64,856	60,807	112,903
Operating Income	8,182	9,440	6,901	5,795	7,066
Interest Expense	-1,057	-1,309	-1,111	-998	-1,189
Other Non Operating Income (Expenses)	-19	-26	-16	8	-152
Pretax Income	7,106	8,105	5,774	4,805	5,725
Income Tax Expense	536	2,565	1,908	177	-295
Earnings From Continuing Ops.	6,570	5,540	3,866	4,628	6,020
Minority Interest in Earnings	-263	-91	-128	-134	-137
Net Income	6,307	5,449	3,738	4,494	5,883
Net Income to Common	6,307	5,449	3,738	4,494	5,883
Net Income Growth	15.75%	45.77%	-16.82%	-23.61%	4.70%
Shares Outstanding (Basic)	11,502	11,502	11,502	10,421	10,351
Shares Outstanding (Diluted)	11,502	11,502	11,502	10,421	10,351
Shares Change (YoY)	-	-	10.37%	0.68%	-
EPS (Basic)	0.55	0.47	0.32	0.43	0.57
EPS (Diluted)	0.55	0.47	0.32	0.43	0.57
EPS Growth	16.67%	46.88%	-25.58%	-24.34%	5.25%
Free Cash Flow	63,681	32,001	18,283	24,482	42,875
Free Cash Flow Per Share	5.54	2.78	1.59	2.35	4.14
Dividend Per Share	0.190	0.190	0.180	0.180	0.150
Dividend Growth	-	5.56%	-	20.00%	-
Operating Margin	10.45%	12.00%	9.62%	8.70%	5.89%
Profit Margin	8.06%	6.93%	5.21%	6.75%	4.90%
Free Cash Flow Margin	81.35%	40.68%	25.48%	36.76%	35.74%
EBITDA	9,452	10,648	8,088	6,896	8,175
EBITDA Margin	12.07%	13.54%	11.27%	10.35%	6.81%
D&A For EBITDA	1,270	1,208	1,187	1,101	1,109
EBIT	8,182	9,440	6,901	5,795	7,066
EBIT Margin	10.45%	12.00%	9.62%	8.70%	5.89%
Effective Tax Rate	7.54%	31.65%	33.05%	3.68%	-
Revenue as Reported	-	-	-	77,569	119,969

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