Zhongtai Securities Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	7,053	7,233	6,729	6,330	6,648	7,501
Total Interest Expense	2,284	2,356	2,965	3,191	3,342	3,310
Net Interest Income	4,769	4,877	3,764	3,139	3,307	4,191
Gain on Sale of Investments (Rev)	-844.8	-1,080	-740.11	1,443	-1,372	826.4
Other Revenue	7,875	7,486	6,565	8,025	7,292	7,985
Revenue Before Loan Losses	11,798	11,283	9,588	12,607	9,227	13,003
Provision for Loan Losses	59.2	59.2	47.92	72.02	53.62	38.37
Revenue	11,739	11,224	9,540	12,534	9,173	12,965
Revenue Growth (YoY)	23.65%	17.64%	-23.89%	36.64%	-29.24%	26.16%
Cost of Services Provided	8,788	8,411	7,972	8,027	6,092	6,484
Other Operating Expenses	123.85	126.43	159.63	1,575	1,907	1,608
Total Operating Expenses	8,941	8,573	8,180	9,656	8,050	8,123
Operating Income	2,798	2,650	1,361	2,879	1,123	4,842
Currency Exchange Gains	15.33	8.11	-17.54	-7.08	-28.15	20.88
Other Non-Operating Income (Expenses)	105.01	0.22	0.09	0.42	-0.29	-0.5
EBT Excluding Unusual Items	2,919	2,659	1,343	2,872	1,095	4,862
Asset Writedown	-6.69	-6.69	-1.04	-8.58	-44.73	83.54
Legal Settlements	-36.98	-36.98	-	-	-	-
Gain (Loss) on Sale of Investments	-400.54	-400.54	-181.01	-405.87	-379.71	-776.85
Other Unusual Items	132.48	132.48	98.91	84.69	106.11	89.8
Pretax Income	2,608	2,347	1,262	2,557	781.93	4,299
Income Tax Expense	790.56	674.06	180.23	495.67	78.53	999.24
Earnings From Continuing Ops.	1,817	1,673	1,081	2,061	703.4	3,299
Minority Interest in Earnings	-283.32	-237.81	-144.11	-261.38	-113.2	-99.36
Net Income	1,534	1,435	937.29	1,800	590.21	3,200
Net Income to Common	1,534	1,435	937.29	1,800	590.21	3,200
Net Income Growth	57.19%	53.07%	-47.92%	204.94%	-81.56%	26.72%
Shares Outstanding (Basic)	8,466	7,971	8,521	7,499	7,378	6,957
Shares Outstanding (Diluted)	8,466	7,971	8,521	7,499	7,378	6,957
Shares Change (YoY)	2.02%	-6.46%	13.62%	1.65%	6.05%	-0.83%
EPS (Basic)	0.18	0.18	0.11	0.24	0.08	0.46
EPS (Diluted)	0.18	0.18	0.11	0.24	0.08	0.46
EPS Growth	54.09%	63.64%	-54.17%	200.00%	-82.61%	27.78%
Free Cash Flow	22,463	11,120	27,305	-1,663	14,819	-225.2
Free Cash Flow Per Share	2.65	1.40	3.20	-0.22	2.01	-0.03
Dividend Per Share	0.050	0.050	0.035	0.030	0.026	0.063
Dividend Growth	42.86%	42.86%	16.67%	15.38%	-58.73%	-42.20%
Operating Margin	23.84%	23.61%	14.26%	22.96%	12.25%	37.35%
Profit Margin	13.07%	12.78%	9.82%	14.36%	6.43%	24.68%
Free Cash Flow Margin	191.35%	99.07%	286.20%	-13.26%	161.55%	-1.74%
Effective Tax Rate	30.32%	28.73%	14.29%	19.39%	10.04%	23.25%
Revenue as Reported	12,017	11,393	9,690	12,762	9,325	13,150