Jiangsu Changshu Rural Commercial Bank Co., Ltd. (SHA: 601128)

Jiangsu Changshu Rural Commercial Bank 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 Income on Loans	16,109	15,069	13,233	11,485	10,098	9,469
Interest Paid on Deposits	7,208	6,568	5,621	4,793	4,132	3,669
Net Interest Income	8,901	8,501	7,611	6,691	5,966	5,800
Net Interest Income Growth (YoY)	6.82%	11.69%	13.75%	12.15%	2.87%	13.74%
Gain (Loss) on Sale of Assets	25.42	20.72	13.01	10.6	17.12	5.97
Gain (Loss) on Sale of Investments	77.26	77.26	87.42	17.12	90.05	90.74
Gain (Loss) on Sale of Equity Investments	92.01	92.01	86.62	78.67	41.8	44
Other Non-Interest Income	1,624	1,179	987.63	835.03	473.33	504.45
Total Non-Interest Income	1,818	1,369	1,175	941.41	622.3	645.17
Non-Interest Income Growth (YoY)	40.78%	16.54%	24.78%	51.28%	-3.54%	-10.92%
Revenues Before Loan Losses	10,720	9,870	8,786	7,633	6,589	6,445
Provision for Loan Losses	2,419	2,124	1,973	1,711	1,491	1,660
Revenue	8,301	7,746	6,813	5,922	5,098	4,785
Revenue Growth (YoY)	7.47%	13.70%	15.04%	16.17%	6.54%	15.43%
Selling, General & Administrative	3,627	3,639	3,398	3,169	2,815	2,465
Other Non-Interest Expense	62.2	53.01	45.62	43.73	44.07	42.7
Total Non-Interest Expense	3,690	3,692	3,447	3,215	2,880	2,507
EBT Excluding Unusual Items	4,611	4,054	3,366	2,707	2,217	2,277
Asset Writedown	-1.34	-0.88	-2.66	-	-	-
Other Unusual Items	-22.92	-6.03	0.25	-11.45	10.79	-3.86
Pretax Income	4,587	4,047	3,364	2,696	2,228	2,273
Income Tax Expense	584.71	539.62	436.97	354.37	291.53	373.7
Earnings From Continuing Operations	4,002	3,507	2,927	2,341	1,936	1,900
Minority Interest in Earnings	-263	-225.73	-183.16	-153.13	-133.21	-114.39
Net Income	3,739	3,282	2,744	2,188	1,803	1,785
Net Income to Common	3,739	3,282	2,744	2,188	1,803	1,785
Net Income Growth	17.49%	19.60%	25.39%	21.34%	1.01%	20.14%
Basic Shares Outstanding	3,021	3,015	3,015	3,015	3,015	2,857
Diluted Shares Outstanding	3,870	3,858	3,243	3,015	3,015	3,018
Shares Change (YoY)	3.67%	18.95%	7.57%	-	-0.10%	1.61%
EPS (Basic)	1.24	1.09	0.91	0.73	0.60	0.62
EPS (Diluted)	1.01	0.89	0.86	0.73	0.60	0.60
EPS Growth	17.09%	4.32%	18.01%	21.34%	-0.01%	12.71%
Dividend Per Share	0.227	0.227	0.227	0.182	0.182	0.182
Dividend Growth	0%	0%	25.03%	0%	0%	11.12%
Effective Tax Rate	12.75%	13.33%	12.99%	13.15%	13.08%	16.44%

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