Zhongtai Securities 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
Interest and Dividend Income	4,877	6,723	6,330	6,648	7,501
Total Interest Expense	-	2,965	3,191	3,342	3,310
Net Interest Income	4,877	3,757	3,139	3,307	4,191
Gain on Sale of Investments (Rev)	-1,080	-740.03	1,443	-1,372	826.4
Other Revenue	7,587	7,773	8,025	7,292	7,985
Revenue Before Loan Losses	11,384	10,790	12,607	9,227	13,003
Provision for Loan Losses	-	47.92	72.02	53.62	38.37
Revenue	11,384	10,742	12,534	9,173	12,965
Revenue Growth (YoY)	5.98%	-14.30%	36.64%	-29.24%	26.16%
Cost of Services Provided	8,411	7,971	8,027	6,092	6,484
Other Operating Expenses	126.43	1,362	1,575	1,907	1,608
Total Operating Expenses	9,039	9,382	9,656	8,050	8,123
Operating Income	2,345	1,361	2,879	1,123	4,842
Currency Exchange Gains	8.11	-17.54	-7.08	-28.15	20.88
Other Non-Operating Income (Expenses)	-6.5	0.09	0.42	-0.29	-0.5
EBT Excluding Unusual Items	2,347	1,343	2,872	1,095	4,862
Asset Writedown	-	-1.04	-8.58	-44.73	83.54
Gain (Loss) on Sale of Investments	-	-181.01	-405.87	-379.71	-776.85
Other Unusual Items	-	98.91	84.69	106.11	89.8
Pretax Income	2,347	1,262	2,557	781.93	4,299
Income Tax Expense	674.06	180.23	495.67	78.53	999.24
Earnings From Continuing Ops.	1,673	1,081	2,061	703.4	3,299
Minority Interest in Earnings	-237.81	-144.11	-261.38	-113.2	-99.36
Net Income	1,435	937.29	1,800	590.21	3,200
Net Income to Common	1,435	937.29	1,800	590.21	3,200
Net Income Growth	53.07%	-47.92%	204.94%	-81.56%	26.72%
Shares Outstanding (Basic)	7,971	8,521	7,499	7,378	6,957
Shares Outstanding (Diluted)	7,971	8,521	7,499	7,378	6,957
Shares Change (YoY)	-6.46%	13.62%	1.65%	6.05%	-0.83%
EPS (Basic)	0.18	0.11	0.24	0.08	0.46
EPS (Diluted)	0.18	0.11	0.24	0.08	0.46
EPS Growth	63.64%	-54.17%	200.00%	-82.61%	27.78%
Free Cash Flow	11,120	27,305	-1,663	14,819	-225.2
Free Cash Flow Per Share	1.40	3.20	-0.22	2.01	-0.03
Dividend Per Share	-	0.035	0.030	0.026	0.063
Dividend Growth	-	16.67%	15.38%	-58.73%	-42.20%
Operating Margin	20.60%	12.67%	22.96%	12.25%	37.35%
Profit Margin	12.60%	8.72%	14.36%	6.43%	24.68%
Free Cash Flow Margin	97.67%	254.18%	-13.26%	161.55%	-1.74%
Effective Tax Rate	28.73%	14.29%	19.39%	10.04%	23.25%
Revenue as Reported	11,393	10,891	12,762	9,325	13,150

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.