SHA:601318 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	Jun '26 Jun 30, 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
Premiums & Annuity Revenue	560,754	559,304	550,830	536,210	525,903	739,933
Total Interest & Dividend Income	33,818	57,496	44,184	87,382	107,162	200,459
Gain (Loss) on Sale of Investments	108,681	48,422	63,171	-60,312	-57,069	-11,605
Non-Insurance Activities Revenue	216,756	221,939	243,747	273,358	274,766	264,963
Other Revenue	65,965	68,541	61,712	70,238	33,881	79,266
Total Revenue	985,974	955,702	963,644	906,876	884,643	1,273,016
Revenue Growth	2.39%	-0.82%	6.26%	2.51%	-30.51%	-3.55%
Policy Benefits	458,879	458,334	452,703	443,909	426,535	618,662
Policy Acquisition & Underwriting Costs	-	-	-	-	-	80,711
Selling, General & Administrative	81,686	82,452	80,473	80,212	76,401	174,783
Provision for Bad Debts	1,461	1,003	462	152	-23	242
Non-Insurance Activities Expense	82,689	89,745	111,889	117,378	107,616	102,011
Other Operating Expenses	44,664	43,718	47,586	41,328	32,948	41,450
Total Operating Expenses	730,131	740,614	764,396	754,920	722,315	1,104,333
Operating Income	255,843	215,088	199,248	151,956	162,328	168,683
Interest Expense	-29,683	-29,087	-26,376	-31,496	-22,698	-28,082
Currency Exchange Gain (Loss)	-167	618	380	120	3,144	1,267
Other Non Operating Income (Expenses)	-1,608	-1,029	-2,757	-463	-439	-2,288
EBT Excluding Unusual Items	224,385	185,590	170,495	120,117	142,335	139,580
Pretax Income	224,385	185,590	170,495	120,117	142,335	139,580
Income Tax Expense	41,096	27,289	23,762	10,843	7,518	17,778
Earnings From Continuing Ops.	183,289	158,301	146,733	109,274	134,817	121,802
Minority Interest in Earnings	-23,973	-23,523	-20,126	-23,609	-23,809	-20,184
Net Income	159,316	134,778	126,607	85,665	111,008	101,618
Net Income to Common	159,316	134,778	126,607	85,665	111,008	101,618
Net Income Growth	32.73%	6.45%	47.79%	-22.83%	9.24%	-28.99%
Shares Outstanding (Basic)	17,494	17,556	17,693	17,717	17,454	17,607
Shares Outstanding (Diluted)	18,213	18,107	18,107	18,074	17,710	17,771
Shares Change	-1.29%	-	0.18%	2.05%	-0.34%	-0.14%
EPS (Basic)	9.11	7.68	7.16	4.84	6.36	5.77
EPS (Diluted)	8.36	7.44	6.99	4.74	6.27	5.72
EPS Growth	26.74%	6.44%	47.47%	-24.40%	9.62%	-28.86%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	679,841	650,277	375,796	352,593	467,905	77,930
Free Cash Flow Per Share	37.33	35.91	20.75	19.51	26.42	4.38
Dividend Per Share	2.730	2.700	2.550	2.430	2.420	2.380
Dividend Growth	6.23%	5.88%	4.94%	0.41%	1.68%	8.18%
Operating Margin	25.95%	22.51%	20.68%	16.76%	18.35%	13.25%
Profit Margin	16.16%	14.10%	13.14%	9.45%	12.55%	7.98%
Free Cash Flow Margin	68.95%	68.04%	39.00%	38.88%	52.89%	6.12%
EBITDA	266,975	226,279	210,630	165,496	174,534	178,062
EBITDA Margin	27.08%	23.68%	21.86%	18.25%	19.73%	13.99%
D&A For EBITDA	11,132	11,191	11,382	13,540	12,206	9,379
EBIT	255,843	215,088	199,248	151,956	162,328	168,683
EBIT Margin	25.95%	22.51%	20.68%	16.76%	18.35%	13.25%
Effective Tax Rate	18.32%	14.70%	13.94%	9.03%	5.28%	12.74%
Revenue as Reported	1,140,324	1,140,324	1,141,346	1,031,863	985,186	1,287,675