China Merchants Securities Co., Ltd. (SHA: 600999)

China Merchants 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	16,674	17,177	20,068	21,643	16,148	13,638
Total Interest Expense	9,340	9,523	9,327	9,650	7,118	6,394
Net Interest Income	7,334	7,654	10,741	11,994	9,030	7,245
Gain on Sale of Investments (Rev)	4,181	2,063	-2,623	754.08	1,394	1,692
Other Revenue	7,536	10,002	11,035	16,611	13,835	9,741
Revenue Before Loan Losses	19,051	19,719	19,153	29,358	24,260	18,678
Provision for Loan Losses	43.23	43.23	96.47	43.06	15.12	-50.44
Revenue	19,008	19,676	19,057	29,315	24,245	18,729
Revenue Growth (YoY)	3.05%	3.25%	-34.99%	20.91%	29.45%	65.18%
Cost of Services Provided	9,069	8,748	8,656	11,072	9,672	7,537
Other Operating Expenses	281.76	1,587	1,490	4,168	3,147	2,281
Total Operating Expenses	9,111	10,356	10,165	15,266	12,821	9,828
Operating Income	9,896	9,319	8,892	14,050	11,423	8,901
Currency Exchange Gains	125.99	57.85	-50.52	12.14	17.8	30.19
Other Non-Operating Income (Expenses)	1.29	2.66	-237.21	3.2	-	-
EBT Excluding Unusual Items	10,024	9,380	8,604	14,065	11,441	8,931
Asset Writedown	-3.96	-3.96	-3.96	-5.93	-3.96	-6.31
Gain (Loss) on Sale of Investments	-123.54	-123.54	-185.07	-304.72	-137.95	-133.23
Other Unusual Items	38.71	38.58	116.85	-50.63	9.68	-17.76
Pretax Income	9,943	9,296	8,532	13,704	11,309	8,774
Income Tax Expense	426.81	526.61	454.53	2,046	1,805	1,460
Earnings From Continuing Ops.	9,516	8,769	8,077	11,658	9,504	7,313
Minority Interest in Earnings	-4.36	-5.13	-6.89	-12.74	-12.23	-30.9
Net Income	9,512	8,764	8,070	11,645	9,492	7,282
Preferred Dividends & Other Adjustments	572.24	572.24	611.83	802.09	802.09	802.09
Net Income to Common	8,940	8,192	7,458	10,843	8,690	6,480
Net Income Growth	16.15%	8.60%	-30.70%	22.69%	30.34%	64.57%
Shares Outstanding (Basic)	8,702	8,697	8,697	8,697	8,213	7,917
Shares Outstanding (Diluted)	8,702	8,697	8,697	8,697	8,213	7,917
Shares Change (YoY)	0.93%	-	-	5.89%	3.74%	18.17%
EPS (Basic)	1.03	0.94	0.86	1.25	1.06	0.82
EPS (Diluted)	1.03	0.94	0.86	1.25	1.06	0.82
EPS Growth	16.67%	9.60%	-31.21%	17.84%	29.26%	51.58%
Free Cash Flow	90,215	26,495	61,944	-41,606	-10,179	9,747
Free Cash Flow Per Share	10.37	3.05	7.12	-4.78	-1.24	1.23
Dividend Per Share	0.252	0.252	0.185	0.540	0.772	-
Dividend Growth	36.22%	36.22%	-65.74%	-30.05%	-	-
Operating Margin	52.07%	47.37%	46.66%	47.93%	47.12%	47.52%
Profit Margin	47.03%	41.63%	39.14%	36.99%	35.84%	34.60%
Free Cash Flow Margin	474.63%	134.66%	325.05%	-141.92%	-41.98%	52.04%
Effective Tax Rate	4.29%	5.67%	5.33%	14.93%	15.96%	16.64%
Revenue as Reported	19,229	19,821	19,219	29,429	24,278	18,708

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