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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	17,620	17,177	20,068	21,643	16,148	13,638
Total Interest Expense	9,599	9,523	9,327	9,650	7,118	6,394
Net Interest Income	8,022	7,654	10,741	11,994	9,030	7,245
Brokerage Commission	-816.09	-	-	-	-	-
Gain on Sale of Investments (Rev)	2,063	2,063	-2,623	754.08	1,394	1,692
Other Revenue	9,092	10,002	11,035	16,611	13,835	9,741
Revenue Before Loan Losses	18,361	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	18,318	19,676	19,057	29,315	24,245	18,729
Revenue Growth (YoY)	-5.44%	3.25%	-34.99%	20.91%	29.45%	65.18%
Cost of Services Provided	8,573	8,748	8,656	11,072	9,672	7,537
Other Operating Expenses	836.37	1,587	1,490	4,168	3,147	2,281
Total Operating Expenses	9,363	10,356	10,165	15,266	12,821	9,828
Operating Income	8,955	9,319	8,892	14,050	11,423	8,901
Currency Exchange Gains	90.78	57.85	-50.52	12.14	17.8	30.19
Other Non-Operating Income (Expenses)	2.66	2.66	-237.21	3.2	-	-
EBT Excluding Unusual Items	9,030	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	11.89	-123.54	-185.07	-304.72	-137.95	-133.23
Other Unusual Items	11.22	38.58	116.85	-50.63	9.68	-17.76
Pretax Income	9,054	9,296	8,532	13,704	11,309	8,774
Income Tax Expense	264.31	526.61	454.53	2,046	1,805	1,460
Earnings From Continuing Ops.	8,789	8,769	8,077	11,658	9,504	7,313
Minority Interest in Earnings	-4.78	-5.13	-6.89	-12.74	-12.23	-30.9
Net Income	8,785	8,764	8,070	11,645	9,492	7,282
Preferred Dividends & Other Adjustments	573.81	572.24	611.83	802.09	802.09	802.09
Net Income to Common	8,211	8,192	7,458	10,843	8,690	6,480
Net Income Growth	3.28%	8.60%	-30.70%	22.69%	30.34%	64.57%
Shares Outstanding (Basic)	8,697	8,697	8,697	8,697	8,213	7,917
Shares Outstanding (Diluted)	8,697	8,697	8,697	8,697	8,213	7,917
Shares Change (YoY)	0.00%	-	-	5.89%	3.74%	18.17%
EPS (Basic)	0.94	0.94	0.86	1.25	1.06	0.82
EPS (Diluted)	0.94	0.94	0.86	1.25	1.06	0.82
EPS Growth	3.30%	9.60%	-31.21%	17.84%	29.26%	51.58%
Free Cash Flow	58,881	26,495	61,944	-41,606	-10,179	9,747
Free Cash Flow Per Share	6.77	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	48.89%	47.37%	46.66%	47.93%	47.12%	47.52%
Profit Margin	44.82%	41.63%	39.14%	36.99%	35.84%	34.60%
Free Cash Flow Margin	321.44%	134.66%	325.05%	-141.92%	-41.98%	52.04%
Effective Tax Rate	2.92%	5.67%	5.33%	14.93%	15.96%	16.64%
Revenue as Reported	18,530	19,821	19,219	29,429	24,278	18,708

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