Guotai Haitong Securities Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	56,189	28,084	26,491	22,853	27,372
Total Interest Expense	21,211	12,707	12,833	10,822	10,162
Net Interest Income	34,978	15,377	13,658	12,031	17,210
Gain on Sale of Investments (Rev)	-142.51	2,033	-1,350	512.65	358.57
Other Revenue	27,176	15,127	22,871	22,066	24,697
Revenue Before Loan Losses	62,011	32,537	35,179	34,609	42,265
Provision for Loan Losses	1,253	45.94	50.07	-412.6	500.42
Revenue	60,759	32,491	35,129	35,022	41,764
Revenue Growth (YoY)	87.00%	-7.51%	0.30%	-16.14%	23.24%
Cost of Services Provided	28,444	16,462	15,723	13,640	14,340
Other Operating Expenses	113.24	75.55	7,894	7,943	8,856
Total Operating Expenses	30,509	16,555	23,681	21,741	23,519
Operating Income	30,249	15,935	11,448	13,281	18,246
Currency Exchange Gains	-834.78	172.14	-51.24	118.03	-71.62
Other Non-Operating Income (Expenses)	-3.05	-43.54	-36.36	-30.49	16.83
EBT Excluding Unusual Items	29,412	16,064	11,360	13,369	18,191
Asset Writedown	-74.57	-41.6	-32.9	-24.26	-0.72
Legal Settlements	91.29	47.28	8.49	-111.71	-143.56
Gain (Loss) on Sale of Investments	-658.11	-186.56	-148.25	209.61	482.55
Other Unusual Items	9,529	785.8	961.6	698.5	554.6
Pretax Income	38,554	16,662	12,148	14,140	19,112
Income Tax Expense	9,384	3,113	2,262	2,517	3,810
Earnings From Continuing Ops.	29,170	13,549	9,885	11,623	15,303
Minority Interest in Earnings	-1,361	-524.68	-511.27	-114.02	-289.06
Net Income	27,809	13,024	9,374	11,509	15,013
Preferred Dividends & Other Adjustments	393.13	719.07	712.05	528	402.5
Net Income to Common	27,416	12,305	8,662	10,981	14,611
Net Income Growth	113.52%	38.94%	-18.55%	-23.34%	34.99%
Shares Outstanding (Basic)	15,748	8,868	8,844	8,819	8,819
Shares Outstanding (Diluted)	15,749	8,882	9,047	9,226	9,210
Shares Change (YoY)	77.32%	-1.83%	-1.94%	0.18%	-0.26%
EPS (Basic)	1.74	1.39	0.98	1.25	1.66
EPS (Diluted)	1.74	1.39	0.97	1.23	1.62
EPS Growth	25.48%	42.77%	-20.86%	-24.17%	36.39%
Free Cash Flow	79,493	54,945	6,038	48,948	9,512
Free Cash Flow Per Share	5.05	6.19	0.67	5.30	1.03
Dividend Per Share	0.500	0.430	0.400	0.530	0.680
Dividend Growth	16.28%	7.50%	-24.53%	-22.06%	21.43%
Operating Margin	49.79%	49.05%	32.59%	37.92%	43.69%
Profit Margin	45.12%	37.87%	24.66%	31.35%	34.98%
Free Cash Flow Margin	130.83%	169.11%	17.19%	139.76%	22.78%
Effective Tax Rate	24.34%	18.69%	18.62%	17.80%	19.93%
Revenue as Reported	63,107	33,675	36,141	35,471	42,817

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.