Industrial Bank Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Interest Income on Loans	343,835	349,079	328,746	315,158	303,478	Upgrade
Interest Paid on Deposits	195,728	202,576	183,473	169,479	159,963	Upgrade
Net Interest Income	148,107	146,503	145,273	145,679	143,515	Upgrade
Net Interest Income Growth (YoY)	1.09%	0.85%	-0.28%	1.51%	17.36%	Upgrade
Gain (Loss) on Sale of Assets	115	29	12	-6	3	Upgrade
Gain (Loss) on Sale of Investments	4,498	4,216	4,584	1,360	716	Upgrade
Gain (Loss) on Sale of Equity Investments	151	18	190	213	154	Upgrade
Other Non-Interest Income	58,700	59,422	71,835	73,381	58,239	Upgrade
Total Non-Interest Income	63,464	63,685	76,621	74,948	59,112	Upgrade
Non-Interest Income Growth (YoY)	-0.35%	-16.88%	2.23%	26.79%	0.78%	Upgrade
Revenues Before Loan Losses	211,571	210,188	221,894	220,627	202,627	Upgrade
Provision for Loan Losses	60,180	60,974	48,592	66,841	75,301	Upgrade
Revenue	151,391	149,214	173,302	153,786	127,326	Upgrade
Revenue Growth (YoY)	1.46%	-13.90%	12.69%	20.78%	3.64%	Upgrade
Selling, General & Administrative	62,203	62,608	64,843	55,468	48,262	Upgrade
Other Non-Interest Expense	2,646	3,109	2,777	3,728	3,027	Upgrade
Total Non-Interest Expense	64,849	65,717	67,620	59,196	51,289	Upgrade
EBT Excluding Unusual Items	86,542	83,497	105,682	94,590	76,037	Upgrade
Other Unusual Items	578	832	539	720	600	Upgrade
Pretax Income	87,120	84,329	106,221	95,310	76,637	Upgrade
Income Tax Expense	9,629	6,675	13,807	11,494	8,956	Upgrade
Earnings From Continuing Operations	77,491	77,654	92,414	83,816	67,681	Upgrade
Minority Interest in Earnings	-286	-538	-1,037	-1,136	-1,055	Upgrade
Net Income	77,205	77,116	91,377	82,680	66,626	Upgrade
Preferred Dividends & Other Adjustments	4,212	4,212	4,212	4,260	2,549	Upgrade
Net Income to Common	72,993	72,904	87,165	78,420	64,077	Upgrade
Net Income Growth	0.11%	-15.61%	10.52%	24.10%	1.15%	Upgrade
Basic Shares Outstanding	20,774	20,774	20,774	20,774	20,774	Upgrade
Diluted Shares Outstanding	23,021	22,921	22,816	20,774	20,774	Upgrade
Shares Change (YoY)	0.44%	0.46%	9.83%	-	-	Upgrade
EPS (Basic)	3.51	3.51	4.20	3.77	3.08	Upgrade
EPS (Diluted)	3.23	3.24	3.87	3.77	3.08	Upgrade
EPS Growth	-0.26%	-16.49%	2.77%	22.40%	-0.62%	Upgrade
Dividend Per Share	1.060	1.040	1.188	1.035	0.802	Upgrade
Dividend Growth	1.92%	-12.46%	14.78%	29.05%	5.25%	Upgrade
Effective Tax Rate	11.05%	7.92%	13.00%	12.06%	11.69%	Upgrade

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