SHA:601601 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
Premiums & Annuity Revenue	289,022	288,832	279,589	266,202	249,636	339,535
Total Interest & Dividend Income	10,914	6,632	-10,047	19,422	12,052	72,845
Gain (Loss) on Sale of Investments	25,396	32,642	40,254	-12,871	1,777	18,798
Other Revenue	5,289	4,916	3,316	3,394	10,308	5,513
Total Revenue	330,621	333,022	313,112	276,147	273,773	436,691
Revenue Growth (YoY)	4.95%	6.36%	13.39%	0.87%	-37.31%	4.14%
Policy Benefits	252,080	253,276	244,572	232,462	216,806	321,854
Policy Acquisition & Underwriting Costs	29	21	56	7	-	15,964
Selling, General & Administrative	6,772	7,018	8,239	7,397	6,204	42,099
Provision for Bad Debts	-	-	-	-	-	263
Other Operating Expenses	2,624	2,202	1,499	1,538	1,414	17,804
Reinsurance Income or Expense	-	-	-	-	-	-239
Total Operating Expenses	261,505	262,517	254,366	241,404	224,424	398,223
Operating Income	69,116	70,505	58,746	34,743	49,349	38,468
Interest Expense	-4,072	-4,250	-2,774	-2,683	-2,798	-7,448
Currency Exchange Gain (Loss)	-368	-238	-64	159	1,085	-417
Other Non Operating Income (Expenses)	-25	-56	-4	-142	-70	-
EBT Excluding Unusual Items	64,651	65,961	55,904	32,077	47,566	30,603
Gain (Loss) on Sale of Assets	81	90	2	23	24	10
Asset Writedown	-28	-28	-406	-253	-5,303	-
Other Unusual Items	33	45	63	154	196	183
Pretax Income	64,737	66,068	55,563	32,001	42,483	30,796
Income Tax Expense	8,980	10,669	9,122	4,090	4,261	3,178
Earnings From Continuing Ops.	55,757	55,399	46,441	27,911	38,222	27,618
Minority Interest in Earnings	-1,838	-1,894	-1,481	-654	-841	-784
Net Income	53,919	53,505	44,960	27,257	37,381	26,834
Net Income to Common	53,919	53,505	44,960	27,257	37,381	26,834
Net Income Growth	25.90%	19.01%	64.95%	-27.08%	39.30%	9.15%
Shares Outstanding (Basic)	9,627	9,620	9,620	9,620	9,620	9,620
Shares Outstanding (Diluted)	9,998	9,734	9,620	9,620	9,620	9,620
Shares Change (YoY)	3.96%	1.19%	-	-	-	2.85%
EPS (Basic)	5.60	5.56	4.67	2.83	3.89	2.79
EPS (Diluted)	5.43	5.54	4.67	2.83	3.89	2.79
EPS Growth	22.10%	18.58%	65.02%	-27.17%	39.30%	6.12%
Free Cash Flow	188,585	191,239	150,526	133,875	139,567	104,719
Free Cash Flow Per Share	18.86	19.65	15.65	13.92	14.51	10.89
Dividend Per Share	1.150	1.150	1.080	1.020	1.020	1.000
Dividend Growth	6.48%	6.48%	5.88%	-	2.00%	-16.67%
Operating Margin	20.91%	21.17%	18.76%	12.58%	18.03%	8.81%
Profit Margin	16.31%	16.07%	14.36%	9.87%	13.65%	6.14%
Free Cash Flow Margin	57.04%	57.43%	48.07%	48.48%	50.98%	23.98%
EBITDA	71,807	73,129	61,101	37,137	51,730	40,697
EBITDA Margin	21.72%	21.96%	19.51%	13.45%	18.89%	9.32%
D&A For EBITDA	2,691	2,624	2,355	2,394	2,381	2,229
EBIT	69,116	70,505	58,746	34,743	49,349	38,468
EBIT Margin	20.91%	21.17%	18.76%	12.58%	18.03%	8.81%
Effective Tax Rate	13.87%	16.15%	16.42%	12.78%	10.03%	10.32%