Tianfeng 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	1,927	2,306	2,068	3,011	1,552	3,230
Total Interest Expense	1,851	2,008	2,687	2,774	2,502	2,511
Net Interest Income	75.89	298.33	-618.04	237.22	-949.88	719.42
Gain on Sale of Investments (Rev)	171.47	186.97	1,269	786.12	-470.98	528.21
Other Revenue	2,364	2,331	2,060	2,386	3,102	3,156
Revenue Before Loan Losses	2,612	2,817	2,710	3,410	1,681	4,403
Provision for Loan Losses	1.18	1.18	0.88	0.4	-50.48	-2.69
Revenue	2,611	2,815	2,709	3,409	1,732	4,406
Revenue Growth (YoY)	-16.81%	3.91%	-20.53%	96.87%	-60.70%	3.40%
Cost of Services Provided	2,152	2,274	2,286	2,720	2,957	3,589
Other Operating Expenses	124.14	122.57	152.23	123.59	124.71	-121.53
Total Operating Expenses	2,326	2,448	2,517	2,932	3,286	3,643
Operating Income	284.95	367.23	192.51	477.87	-1,554	763.47
Currency Exchange Gains	13.34	20.11	-27.44	-4.42	18.64	-9.05
Other Non-Operating Income (Expenses)	-43.52	-47.95	-100.97	-213.96	-408.57	-117.15
EBT Excluding Unusual Items	254.77	339.39	64.09	259.49	-1,944	637.27
Legal Settlements	-34.75	-34.75	-91.04	-0.34	-	-
Gain (Loss) on Sale of Investments	-75.65	-75.65	-8.64	-34.79	6.54	-9.69
Other Unusual Items	43.88	11.14	35.82	95.77	63.36	77.49
Pretax Income	207.3	246.46	5.08	320.45	-1,876	701.94
Income Tax Expense	84.24	63.1	-26.15	-98.32	-427.22	104.39
Earnings From Continuing Ops.	123.06	183.36	31.22	418.77	-1,449	597.55
Minority Interest in Earnings	8.84	-27.53	-60.93	-111.59	-53.43	-11.2
Net Income	131.9	155.83	-29.71	307.18	-1,503	586.35
Net Income to Common	131.9	155.83	-29.71	307.18	-1,503	586.35
Net Income Growth	-64.41%	-	-	-	-	28.91%
Shares Outstanding (Basic)	10,074	7,792	8,598	7,680	8,839	8,376
Shares Outstanding (Diluted)	10,074	7,792	8,598	7,680	8,839	8,376
Shares Change (YoY)	17.17%	-9.38%	11.96%	-13.12%	5.52%	28.91%
EPS (Basic)	0.01	0.02	-0.00	0.04	-0.17	0.07
EPS (Diluted)	0.01	0.02	-0.00	0.04	-0.17	0.07
EPS Growth	-69.62%	-	-	-	-	-
Free Cash Flow	6,493	3,239	8,847	8,860	-12,696	4,928
Free Cash Flow Per Share	0.65	0.42	1.03	1.15	-1.44	0.59
Dividend Per Share	-	-	-	-	-	0.011
Operating Margin	10.91%	13.04%	7.11%	14.02%	-89.73%	17.33%
Profit Margin	5.05%	5.54%	-1.10%	9.01%	-86.77%	13.31%
Free Cash Flow Margin	248.71%	115.05%	326.51%	259.86%	-733.09%	111.85%
Effective Tax Rate	40.64%	25.60%	-	-	-	14.87%
Revenue as Reported	2,657	2,854	2,700	3,427	1,721	4,406

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.