Industrial 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	8,356	8,895	7,290	5,314	5,235	7,890
Total Interest Expense	3,477	3,449	3,593	3,417	3,061	2,987
Net Interest Income	4,879	5,446	3,697	1,897	2,175	4,903
Gain on Sale of Investments (Rev)	214.28	-123.58	545.4	584.35	263.51	603.2
Other Revenue	6,904	6,376	5,281	7,942	7,895	13,217
Revenue Before Loan Losses	12,001	11,699	9,523	10,423	10,333	18,723
Provision for Loan Losses	1.94	1.94	30.99	7.67	40.31	44.76
Revenue	11,999	11,697	9,492	10,416	10,293	18,678
Revenue Growth (YoY)	26.47%	23.23%	-8.87%	1.20%	-44.90%	10.41%
Cost of Services Provided	7,315	7,485	6,587	5,800	5,603	8,112
Other Operating Expenses	87.76	89.16	78.78	1,861	862.78	3,195
Total Operating Expenses	7,424	7,590	6,670	7,666	6,472	11,311
Operating Income	4,575	4,107	2,823	2,750	3,821	7,367
Currency Exchange Gains	54.12	40.58	2.96	15.29	-34.92	47.71
Other Non-Operating Income (Expenses)	-4.13	-	-	46.15	-	-
EBT Excluding Unusual Items	4,625	4,148	2,826	2,811	3,786	7,415
Asset Writedown	-3.65	-	-	-	-	-
Legal Settlements	-10.39	-10.39	-	-	-	-
Gain (Loss) on Sale of Investments	-61.17	-61.17	-2	10.38	-27.79	91.79
Other Unusual Items	87.18	87.18	258.24	130.54	337.54	153.1
Pretax Income	4,638	4,164	3,081	2,952	4,096	7,663
Income Tax Expense	594.09	450.28	184.58	284.22	753.21	1,808
Earnings From Continuing Ops.	4,044	3,714	2,897	2,668	3,343	5,855
Minority Interest in Earnings	-904.2	-843.43	-732.56	-703.5	-705.75	-1,112
Net Income	3,140	2,870	2,164	1,964	2,637	4,743
Preferred Dividends & Other Adjustments	140.83	140.83	104.73	11.73	-	-
Net Income to Common	2,999	2,730	2,059	1,953	2,637	4,743
Net Income Growth	33.48%	32.64%	10.17%	-25.51%	-44.40%	18.48%
Shares Outstanding (Basic)	8,639	8,636	8,636	8,636	7,527	6,972
Shares Outstanding (Diluted)	8,639	8,636	8,636	8,636	7,527	6,972
Shares Change (YoY)	0.88%	-	-	14.74%	7.95%	4.11%
EPS (Basic)	0.35	0.32	0.24	0.23	0.35	0.68
EPS (Diluted)	0.35	0.32	0.24	0.23	0.35	0.68
EPS Growth	32.27%	32.55%	5.47%	-35.40%	-48.53%	13.75%
Free Cash Flow	36,105	19,017	23,692	-11,065	22,078	14,675
Free Cash Flow Per Share	4.18	2.20	2.74	-1.28	2.93	2.10
Dividend Per Share	0.150	0.150	0.130	0.100	0.310	-
Dividend Growth	15.38%	15.38%	30.00%	-67.74%	-	-
Operating Margin	38.13%	35.11%	29.74%	26.40%	37.12%	39.44%
Profit Margin	24.99%	23.34%	21.70%	18.75%	25.62%	25.39%
Free Cash Flow Margin	300.90%	162.59%	249.59%	-106.23%	214.51%	78.57%
Effective Tax Rate	12.81%	10.81%	5.99%	9.63%	18.39%	23.59%
Revenue as Reported	12,157	11,841	9,784	10,627	10,660	18,972

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