Haitong Securities Co., Ltd. (SHA: 600837)

Haitong Securities 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 and Dividend Income	16,689	20,523	18,783	29,641	28,986	27,414
Total Interest Expense	14,518	15,954	13,608	12,342	13,018	14,035
Net Interest Income	2,171	4,570	5,175	17,300	15,968	13,379
Brokerage Commission	12,497	12,497	14,669	18,763	17,387	-
Gain on Sale of Investments (Rev)	-382.64	-	-	-	-	2,369
Other Revenue	1,221	7,585	7,633	7,936	6,647	18,357
Revenue Before Loan Losses	15,507	24,652	27,477	43,998	40,002	34,105
Provision for Loan Losses	2,227	1,982	1,984	2,062	3,172	1,613
Revenue	13,280	22,671	25,493	41,937	36,830	32,492
Revenue Growth (YoY)	-52.03%	-11.07%	-39.21%	13.87%	13.35%	46.14%
Salaries & Employee Benefits	6,341	6,341	5,785	9,025	7,657	-
Cost of Services Provided	2,301	3,144	3,084	3,771	3,535	11,272
Other Operating Expenses	4,769	8,585	7,658	9,168	7,846	6,941
Total Operating Expenses	16,073	20,733	18,611	23,849	20,633	18,297
Operating Income	-2,793	1,937	6,882	18,087	16,196	14,195
Currency Exchange Gains	-443.51	-343.96	-425.4	279.94	211.41	243.05
Other Non-Operating Income (Expenses)	-871.99	-	-	-	-	-160.71
EBT Excluding Unusual Items	-3,565	2,137	7,243	20,017	16,951	14,277
Impairment of Goodwill	-279.61	-279.61	-	-414.65	-	-
Asset Writedown	-36.3	-27.91	-65.12	-84.52	-10.92	7.91
Gain (Loss) on Sale of Investments	-263.63	-263.63	821.15	-974.22	-1,183	-897.78
Other Unusual Items	362.17	-	-	-	-	514.21
Pretax Income	-3,771	1,566	7,999	18,544	15,757	13,872
Income Tax Expense	1,266	1,877	2,803	4,796	3,720	3,331
Earnings From Continuing Ops.	-5,037	-311.04	5,196	13,748	12,037	10,541
Minority Interest in Earnings	1,024	1,319	1,349	-921.35	-1,162	-1,017
Net Income	-4,013	1,008	6,545	12,827	10,875	9,523
Net Income to Common	-4,013	1,008	6,545	12,827	10,875	9,523
Net Income Growth	-	-84.59%	-48.97%	17.94%	14.20%	82.75%
Shares Outstanding (Basic)	13,034	13,055	13,064	13,064	12,023	11,502
Shares Outstanding (Diluted)	13,034	13,055	13,064	13,064	12,023	11,502
Shares Change (YoY)	-1.87%	-0.07%	-	8.66%	4.53%	-0.68%
EPS (Basic)	-0.31	0.08	0.50	0.98	0.90	0.83
EPS (Diluted)	-0.31	0.08	0.50	0.98	0.90	0.83
EPS Growth	-	-84.55%	-49.07%	8.58%	9.21%	84.00%
Free Cash Flow	82,190	14,100	13,136	50,948	-14,345	20,052
Free Cash Flow Per Share	6.31	1.08	1.01	3.90	-1.19	1.74
Dividend Per Share	0.130	0.100	0.210	0.300	0.530	-
Dividend Growth	-38.10%	-52.38%	-30.00%	-43.40%	-	-
Operating Margin	-21.03%	8.55%	27.00%	43.13%	43.98%	43.69%
Profit Margin	-30.22%	4.45%	25.68%	30.59%	29.53%	29.31%
Free Cash Flow Margin	618.90%	62.20%	51.53%	121.49%	-38.95%	61.71%
Effective Tax Rate	-	119.86%	35.04%	25.86%	23.61%	24.01%
Revenue as Reported	32,090	41,765	41,980	57,810	54,277	34,860

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