China Minsheng Banking Corp., Ltd. (SHA: 600016)

China Minsheng Banking Corp. 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	262,009	267,126	262,937	277,679	286,593	274,815
Interest Paid on Deposits	162,330	164,695	155,474	151,904	151,369	152,781
Net Interest Income	99,679	102,431	107,463	125,775	135,224	122,034
Net Interest Income Growth (YoY)	-4.13%	-4.68%	-14.56%	-6.99%	10.81%	59.15%
Income From Trading Activities	4,748	4,748	4,690	3,110	-	-
Gain (Loss) on Sale of Investments	8,703	8,529	4,357	7,346	-	-
Other Non-Interest Income	22,442	24,276	25,214	31,625	49,225	58,407
Total Non-Interest Income	35,893	37,553	34,261	42,081	49,225	58,407
Non-Interest Income Growth (YoY)	2.29%	9.61%	-18.58%	-14.51%	-15.72%	-24.62%
Revenues Before Loan Losses	135,572	139,984	141,724	167,856	184,449	180,441
Provision for Loan Losses	44,048	45,707	48,762	77,398	92,988	62,807
Revenue	91,524	94,277	92,962	90,458	91,461	117,634
Revenue Growth (YoY)	-0.57%	1.41%	2.77%	-1.10%	-22.25%	9.03%
Salaries and Employee Benefits	32,176	32,176	31,455	31,015	-	-
Occupancy Expenses	7,381	7,381	6,808	6,508	-	-
Selling, General & Administrative	13,231	13,870	14,971	14,011	50,686	48,244
Other Non-Interest Expense	2,728	3,492	2,558	3,324	4,086	4,458
Total Non-Interest Expense	55,437	56,919	55,792	54,858	55,257	52,896
EBT Excluding Unusual Items	36,087	37,358	37,170	35,600	36,204	64,738
Other Unusual Items	-	-	-	-	502	-
Pretax Income	36,087	37,358	37,170	35,600	36,706	64,738
Income Tax Expense	1,364	1,372	1,393	747	1,604	9,814
Earnings From Continuing Operations	34,723	35,986	35,777	34,853	35,102	54,924
Minority Interest in Earnings	-203	-163	-508	-472	-793	-1,105
Net Income	34,520	35,823	35,269	34,381	34,309	53,819
Preferred Dividends & Other Adjustments	4,316	4,316	4,106	3,328	3,337	558
Net Income to Common	30,204	31,507	31,163	31,053	30,972	53,261
Net Income Growth	0.33%	1.57%	2.58%	0.21%	-36.25%	6.94%
Basic Shares Outstanding	43,782	43,782	43,782	43,782	43,782	43,782
Diluted Shares Outstanding	43,782	43,782	43,782	43,782	43,782	43,782
EPS (Basic)	0.69	0.72	0.71	0.71	0.71	1.22
EPS (Diluted)	0.69	0.72	0.71	0.71	0.71	1.22
EPS Growth	1.45%	1.36%	0.10%	0.26%	-41.85%	7.00%
Dividend Per Share	0.346	0.216	0.214	0.213	0.213	0.370
Dividend Growth	61.68%	0.93%	0.47%	0%	-42.43%	7.25%
Effective Tax Rate	3.78%	3.67%	3.75%	2.10%	4.37%	15.16%

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