Zhongtai Securities Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	7,509	6,723	6,330	6,648	7,501	6,508
Total Interest Expense	2,505	2,965	3,191	3,342	3,310	2,765
Net Interest Income	5,004	3,757	3,139	3,307	4,191	3,743
Gain on Sale of Investments (Rev)	-1,037	-740.03	1,443	-1,372	826.4	428.39
Other Revenue	8,369	7,773	8,025	7,292	7,985	6,094
Revenue Before Loan Losses	12,337	10,790	12,607	9,227	13,003	10,266
Provision for Loan Losses	47.92	47.92	72.02	53.62	38.37	-10.61
Revenue	12,289	10,742	12,534	9,173	12,965	10,277
Revenue Growth (YoY)	14.13%	-14.30%	36.64%	-29.24%	26.16%	7.59%
Cost of Services Provided	9,056	7,971	8,027	6,092	6,484	5,702
Other Operating Expenses	565.98	1,362	1,575	1,907	1,608	932.2
Total Operating Expenses	9,625	9,382	9,656	8,050	8,123	6,615
Operating Income	2,664	1,361	2,879	1,123	4,842	3,661
Currency Exchange Gains	1.22	-17.54	-7.08	-28.15	20.88	0.04
Other Non-Operating Income (Expenses)	-21.67	0.09	0.42	-0.29	-0.5	-
EBT Excluding Unusual Items	2,643	1,343	2,872	1,095	4,862	3,661
Asset Writedown	-1.05	-1.04	-8.58	-44.73	83.54	-123.62
Gain (Loss) on Sale of Investments	-181.01	-181.01	-405.87	-379.71	-776.85	-306.44
Other Unusual Items	98.91	98.91	84.69	106.11	89.8	37.01
Pretax Income	2,561	1,262	2,557	781.93	4,299	3,275
Income Tax Expense	609.01	180.23	495.67	78.53	999.24	693.97
Earnings From Continuing Ops.	1,952	1,081	2,061	703.4	3,299	2,581
Minority Interest in Earnings	-217.53	-144.11	-261.38	-113.2	-99.36	-56.01
Net Income	1,735	937.29	1,800	590.21	3,200	2,525
Net Income to Common	1,735	937.29	1,800	590.21	3,200	2,525
Net Income Growth	323.93%	-47.92%	204.94%	-81.56%	26.72%	12.26%
Shares Outstanding (Basic)	7,973	8,521	7,499	7,378	6,957	7,015
Shares Outstanding (Diluted)	7,973	8,521	7,499	7,378	6,957	7,015
Shares Change (YoY)	-4.18%	13.62%	1.65%	6.05%	-0.83%	-6.45%
EPS (Basic)	0.22	0.11	0.24	0.08	0.46	0.36
EPS (Diluted)	0.22	0.11	0.24	0.08	0.46	0.36
EPS Growth	342.42%	-54.17%	200.00%	-82.61%	27.78%	20.00%
Free Cash Flow	4,151	27,305	-1,663	14,819	-225.2	1,939
Free Cash Flow Per Share	0.52	3.20	-0.22	2.01	-0.03	0.28
Dividend Per Share	0.025	0.035	0.030	0.026	0.063	0.109
Dividend Growth	-37.50%	16.67%	15.38%	-58.73%	-42.20%	-
Operating Margin	21.68%	12.67%	22.96%	12.25%	37.35%	35.63%
Profit Margin	14.12%	8.72%	14.36%	6.43%	24.68%	24.57%
Free Cash Flow Margin	33.77%	254.18%	-13.26%	161.55%	-1.74%	18.87%
Effective Tax Rate	23.78%	14.29%	19.39%	10.04%	23.25%	21.19%
Revenue as Reported	12,473	10,891	12,762	9,325	13,150	10,352

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.