SHA:601601 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
Premiums & Annuity Revenue	288,832	279,589	266,202	249,636	339,535
Total Interest & Dividend Income	111,489	-10,047	19,422	12,052	72,845
Gain (Loss) on Sale of Investments	29,932	40,254	-12,871	1,777	18,798
Other Revenue	-95,981	3,527	3,607	10,308	5,513
Total Revenue	334,362	313,323	276,360	273,773	436,691
Revenue Growth (YoY)	6.71%	13.38%	0.95%	-37.31%	4.14%
Policy Benefits	253,276	244,572	232,462	216,806	321,854
Policy Acquisition & Underwriting Costs	21	56	7	-	15,964
Selling, General & Administrative	7,018	8,239	7,397	6,204	42,099
Provision for Bad Debts	-	-	-	-	263
Other Operating Expenses	2,288	1,499	1,538	1,414	17,804
Reinsurance Income or Expense	-	-	-	-	-239
Total Operating Expenses	262,603	254,366	241,404	224,424	398,223
Operating Income	71,759	58,957	34,956	49,349	38,468
Interest Expense	-4,164	-2,774	-2,683	-2,798	-7,448
Currency Exchange Gain (Loss)	-238	-64	159	1,085	-417
Other Non Operating Income (Expenses)	-106	-161	-207	-70	-
EBT Excluding Unusual Items	67,251	55,958	32,225	47,566	30,603
Gain (Loss) on Sale of Assets	-	2	23	24	10
Asset Writedown	-1,183	-406	-253	-5,303	-
Other Unusual Items	-	9	6	196	183
Pretax Income	66,068	55,563	32,001	42,483	30,796
Income Tax Expense	10,669	9,122	4,090	4,261	3,178
Earnings From Continuing Ops.	55,399	46,441	27,911	38,222	27,618
Minority Interest in Earnings	-1,894	-1,481	-654	-841	-784
Net Income	53,505	44,960	27,257	37,381	26,834
Net Income to Common	53,505	44,960	27,257	37,381	26,834
Net Income Growth	19.01%	64.95%	-27.08%	39.30%	9.15%
Shares Outstanding (Basic)	9,623	9,620	9,620	9,620	9,620
Shares Outstanding (Diluted)	9,658	9,620	9,620	9,620	9,620
Shares Change (YoY)	0.39%	-	-	-	2.85%
EPS (Basic)	5.56	4.67	2.83	3.89	2.79
EPS (Diluted)	5.54	4.67	2.83	3.89	2.79
EPS Growth	18.63%	65.02%	-27.17%	39.30%	6.12%
Free Cash Flow	191,239	150,526	133,875	139,567	104,719
Free Cash Flow Per Share	19.80	15.65	13.92	14.51	10.89
Dividend Per Share	-	1.080	1.020	1.020	1.000
Dividend Growth	-	5.88%	-	2.00%	-16.67%
Operating Margin	21.46%	18.82%	12.65%	18.03%	8.81%
Profit Margin	16.00%	14.35%	9.86%	13.65%	6.14%
Free Cash Flow Margin	57.19%	48.04%	48.44%	50.98%	23.98%
EBITDA	75,512	61,312	37,350	51,730	40,697
EBITDA Margin	22.58%	19.57%	13.51%	18.89%	9.32%
D&A For EBITDA	3,753	2,355	2,394	2,381	2,229
EBIT	71,759	58,957	34,956	49,349	38,468
EBIT Margin	21.46%	18.82%	12.65%	18.03%	8.81%
Effective Tax Rate	16.15%	16.42%	12.78%	10.03%	10.32%

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