SHA:601601 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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
Premiums & Annuity Revenue	287,636	279,589	266,202	249,636	339,535	331,783
Total Interest & Dividend Income	4,082	-10,047	19,422	12,052	72,845	67,959
Gain (Loss) on Sale of Investments	40,044	40,254	-12,871	1,777	18,798	14,781
Other Revenue	4,114	3,527	3,607	10,308	5,513	4,815
Total Revenue	335,876	313,323	276,360	273,773	436,691	419,338
Revenue Growth (YoY)	13.36%	13.38%	0.95%	-37.31%	4.14%	9.48%
Policy Benefits	249,763	244,572	232,462	216,806	321,854	293,415
Policy Acquisition & Underwriting Costs	31	56	7	-	15,964	20,275
Selling, General & Administrative	8,749	8,239	7,397	6,204	42,099	44,540
Provision for Bad Debts	-	-	-	-	263	152
Other Operating Expenses	1,730	1,499	1,538	1,414	17,804	22,240
Reinsurance Income or Expense	-	-	-	-	-239	-1,336
Total Operating Expenses	260,273	254,366	241,404	224,424	398,223	381,958
Operating Income	75,603	58,957	34,956	49,349	38,468	37,380
Interest Expense	-4,089	-2,774	-2,683	-2,798	-7,448	-6,749
Currency Exchange Gain (Loss)	79	-64	159	1,085	-417	-1,428
Other Non Operating Income (Expenses)	-143	-161	-207	-70	-	-
EBT Excluding Unusual Items	71,450	55,958	32,225	47,566	30,603	29,203
Gain (Loss) on Sale of Assets	87	2	23	24	10	4
Asset Writedown	-251	-406	-253	-5,303	-	-
Other Unusual Items	9	9	6	196	183	31
Pretax Income	71,295	55,563	32,001	42,483	30,796	29,238
Income Tax Expense	17,188	9,122	4,090	4,261	3,178	3,886
Earnings From Continuing Ops.	54,107	46,441	27,911	38,222	27,618	25,352
Minority Interest in Earnings	-1,757	-1,481	-654	-841	-784	-768
Net Income	52,350	44,960	27,257	37,381	26,834	24,584
Net Income to Common	52,350	44,960	27,257	37,381	26,834	24,584
Net Income Growth	23.41%	64.95%	-27.08%	39.30%	9.15%	-11.38%
Shares Outstanding (Basic)	9,617	9,620	9,620	9,620	9,620	9,353
Shares Outstanding (Diluted)	9,617	9,620	9,620	9,620	9,620	9,353
Shares Change (YoY)	-0.19%	-	-	-	2.85%	3.21%
EPS (Basic)	5.44	4.67	2.83	3.89	2.79	2.63
EPS (Diluted)	5.44	4.67	2.83	3.89	2.79	2.63
EPS Growth	23.67%	65.02%	-27.17%	39.30%	6.12%	-14.10%
Free Cash Flow	190,491	150,526	133,875	139,567	104,719	104,435
Free Cash Flow Per Share	19.81	15.65	13.92	14.51	10.89	11.17
Dividend Per Share	1.080	1.080	1.020	1.020	1.000	1.200
Dividend Growth	5.88%	5.88%	-	2.00%	-16.67%	-
Operating Margin	22.51%	18.82%	12.65%	18.03%	8.81%	8.91%
Profit Margin	15.59%	14.35%	9.86%	13.65%	6.14%	5.86%
Free Cash Flow Margin	56.72%	48.04%	48.44%	50.98%	23.98%	24.91%
EBITDA	77,929	61,312	37,350	51,730	40,697	39,549
EBITDA Margin	23.20%	19.57%	13.51%	18.89%	9.32%	9.43%
D&A For EBITDA	2,326	2,355	2,394	2,381	2,229	2,169
EBIT	75,603	58,957	34,956	49,349	38,468	37,380
EBIT Margin	22.51%	18.82%	12.65%	18.03%	8.81%	8.91%
Effective Tax Rate	24.11%	16.42%	12.78%	10.03%	10.32%	13.29%

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