Guotai Haitong 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	54,152	56,189	28,084	26,491	22,853	27,372
Total Interest Expense	23,601	21,211	12,707	12,833	10,822	10,162
Net Interest Income	30,552	34,978	15,377	13,658	12,031	17,210
Gain on Sale of Investments (Rev)	7,303	-142.51	2,033	-1,350	512.65	358.57
Other Revenue	30,024	27,176	15,127	22,871	22,066	24,697
Revenue Before Loan Losses	67,879	62,011	32,537	35,179	34,609	42,265
Provision for Loan Losses	1,291	1,253	45.94	50.07	-412.6	500.42
Revenue	66,589	60,759	32,491	35,129	35,022	41,764
Revenue Growth (YoY)	86.79%	87.00%	-7.51%	0.30%	-16.14%	23.24%
Cost of Services Provided	30,641	28,444	16,462	15,723	13,640	14,340
Other Operating Expenses	139	113.24	75.55	7,894	7,943	8,856
Total Operating Expenses	32,733	30,509	16,555	23,681	21,741	23,519
Operating Income	33,856	30,249	15,935	11,448	13,281	18,246
Currency Exchange Gains	-1,285	-834.78	172.14	-51.24	118.03	-71.62
Other Non-Operating Income (Expenses)	-9,006	-3.05	-43.54	-36.36	-30.49	16.83
EBT Excluding Unusual Items	23,565	29,412	16,064	11,360	13,369	18,191
Asset Writedown	-99.03	-74.57	-41.6	-32.9	-24.26	-0.72
Legal Settlements	91.29	91.29	47.28	8.49	-111.71	-143.56
Gain (Loss) on Sale of Investments	-658.11	-658.11	-186.56	-148.25	209.61	482.55
Other Unusual Items	10,458	9,529	785.8	961.6	698.5	554.6
Pretax Income	33,612	38,554	16,662	12,148	14,140	19,112
Income Tax Expense	10,246	9,384	3,113	2,262	2,517	3,810
Earnings From Continuing Ops.	23,366	29,170	13,549	9,885	11,623	15,303
Minority Interest in Earnings	-1,410	-1,361	-524.68	-511.27	-114.02	-289.06
Net Income	21,956	27,809	13,024	9,374	11,509	15,013
Preferred Dividends & Other Adjustments	393.13	393.13	719.07	712.05	528	402.5
Net Income to Common	21,562	27,416	12,305	8,662	10,981	14,611
Net Income Growth	-3.60%	113.52%	38.94%	-18.55%	-23.34%	34.99%
Shares Outstanding (Basic)	17,546	15,748	8,868	8,844	8,819	8,819
Shares Outstanding (Diluted)	17,547	15,749	8,882	9,047	9,226	9,210
Shares Change (YoY)	92.27%	77.32%	-1.83%	-1.94%	0.18%	-0.26%
EPS (Basic)	1.23	1.74	1.39	0.98	1.25	1.66
EPS (Diluted)	1.23	1.74	1.39	0.97	1.23	1.62
EPS Growth	-49.20%	25.48%	42.77%	-20.86%	-24.17%	36.39%
Free Cash Flow	183,584	79,493	54,945	6,038	48,948	9,512
Free Cash Flow Per Share	10.46	5.05	6.19	0.67	5.30	1.03
Dividend Per Share	0.500	0.500	0.430	0.400	0.530	0.680
Dividend Growth	16.28%	16.28%	7.50%	-24.53%	-22.06%	21.43%
Operating Margin	50.84%	49.79%	49.05%	32.59%	37.92%	43.69%
Profit Margin	32.38%	45.12%	37.87%	24.66%	31.35%	34.98%
Free Cash Flow Margin	275.70%	130.83%	169.11%	17.19%	139.76%	22.78%
Effective Tax Rate	30.48%	24.34%	18.69%	18.62%	17.80%	19.93%
Revenue as Reported	69,125	63,107	33,675	36,141	35,471	42,817

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