Huatai 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	35,662	34,108	35,190	27,896	24,204	26,012
Total Interest Expense	10,273	9,518	10,856	13,663	11,111	10,990
Net Interest Income	25,389	24,590	24,334	14,233	13,092	15,022
Brokerage Commission	-	-	-	-	-	22,325
Gain on Sale of Investments (Rev)	-1,991	-3,009	-4,862	974.51	-3,214	-
Other Revenue	16,703	15,144	13,099	19,739	19,665	3,555
Revenue Before Loan Losses	40,101	36,725	32,572	34,946	29,544	40,903
Provision for Loan Losses	605.33	605.33	242.75	0.48	-386.41	-0.27
Revenue	39,496	36,120	32,329	34,946	29,930	40,903
Revenue Growth (YoY)	16.99%	11.72%	-7.49%	16.76%	-26.83%	25.46%
Salaries & Employee Benefits	-	-	-	-	-	11,357
Cost of Services Provided	17,218	16,042	17,434	17,079	16,849	6,361
Other Operating Expenses	872.92	790.28	269.96	5,222	3,526	7,304
Total Operating Expenses	18,132	16,811	17,777	22,363	20,340	26,911
Operating Income	21,364	19,309	14,552	12,582	9,590	13,992
Currency Exchange Gains	-1,335	-1,052	750.3	1,323	2,199	-282.02
Other Non-Operating Income (Expenses)	-37.27	-	-40.86	-153.25	-	28.75
EBT Excluding Unusual Items	19,992	18,257	15,262	13,752	11,789	16,369
Legal Settlements	-18.56	-18.56	-176.07	-570.04	-	-
Gain (Loss) on Sale of Investments	-9.71	-9.71	68.94	473.68	63.98	-96.71
Other Unusual Items	166.58	168.3	193.29	547.06	372.53	-
Pretax Income	20,137	18,405	15,352	14,205	12,228	16,273
Income Tax Expense	2,597	2,032	-166.53	1,168	861.42	2,672
Earnings From Continuing Ops.	17,540	16,373	15,519	13,036	11,367	13,601
Minority Interest in Earnings	1.1	10.74	-167.71	-285.63	-312.63	-254.79
Net Income	17,542	16,383	15,351	12,751	11,054	13,346
Preferred Dividends & Other Adjustments	796.42	796.42	715.83	583.5	433.88	96.52
Net Income to Common	16,745	15,587	14,635	12,167	10,620	13,250
Net Income Growth	5.02%	6.73%	20.39%	15.35%	-17.17%	23.32%
Shares Outstanding (Basic)	8,979	9,022	9,009	8,996	8,986	8,986
Shares Outstanding (Diluted)	8,979	9,022	9,016	9,007	8,986	8,986
Shares Change (YoY)	-0.44%	0.07%	0.11%	0.23%	-0.00%	-0.46%
EPS (Basic)	1.87	1.73	1.62	1.35	1.18	1.47
EPS (Diluted)	1.86	1.73	1.62	1.33	1.16	1.46
EPS Growth	5.21%	6.41%	22.01%	15.04%	-20.72%	22.58%
Free Cash Flow	32,795	-13,823	66,362	-33,135	65,733	-68,290
Free Cash Flow Per Share	3.65	-1.53	7.36	-3.68	7.32	-7.60
Dividend Per Share	0.550	0.550	0.520	0.430	0.450	0.450
Dividend Growth	5.77%	5.77%	20.93%	-4.44%	-	12.50%
Operating Margin	54.09%	53.46%	45.01%	36.00%	32.04%	34.21%
Profit Margin	42.40%	43.15%	45.27%	34.82%	35.48%	32.39%
Free Cash Flow Margin	83.03%	-38.27%	205.27%	-94.82%	219.62%	-166.96%
Effective Tax Rate	12.90%	11.04%	-	8.22%	7.04%	16.42%
Revenue as Reported	38,865	35,810	33,519	36,578	32,032	51,926

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