Zheshang Securities Co., Ltd. (SHA:601878)

Zheshang Securities Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	5,167	4,012	3,570	3,372	4,036	3,959
Total Interest Expense	1,482	1,522	1,719	1,627	1,592	1,242
Net Interest Income	3,685	2,490	1,850	1,745	2,445	2,717
Gain on Sale of Investments (Rev)	127.56	246.84	-59.29	-266.46	85.5	-630.26
Other Revenue	10,054	13,027	15,790	15,287	13,868	8,485
Revenue Before Loan Losses	13,867	15,764	17,581	16,766	16,398	10,571
Provision for Loan Losses	-5.85	7.61	2.34	-1.52	13.16	-0.97
Revenue	13,873	15,756	17,579	16,768	16,385	10,572
Revenue Growth (YoY)	-19.06%	-10.37%	4.84%	2.34%	54.98%	87.73%
Cost of Services Provided	4,627	3,996	3,553	2,989	3,795	2,852
Other Operating Expenses	6,297	9,389	11,846	11,716	9,797	5,426
Total Operating Expenses	10,929	13,384	15,400	14,705	13,592	8,280
Operating Income	2,944	2,372	2,179	2,062	2,793	2,292
Currency Exchange Gains	1.26	-1.03	2.44	3.12	-0.88	-2.7
Other Non-Operating Income (Expenses)	-0.57	13.22	-0.79	4.18	12.55	-13
EBT Excluding Unusual Items	2,945	2,384	2,181	2,070	2,805	2,277
Gain (Loss) on Sale of Investments	22.32	11.84	-7.1	8.13	71.73	-171.32
Other Unusual Items	56.47	30.53	27.57	21.19	41.35	35.85
Pretax Income	3,022	2,425	2,202	2,098	2,916	2,166
Income Tax Expense	540.45	418.05	377.81	396.05	720.7	538.94
Earnings From Continuing Ops.	2,481	2,007	1,824	1,702	2,196	1,627
Minority Interest in Earnings	-184.79	-75.06	-70.23	-47.34	-	-
Net Income	2,296	1,932	1,754	1,654	2,196	1,627
Net Income to Common	2,296	1,932	1,754	1,654	2,196	1,627
Net Income Growth	41.20%	10.17%	6.01%	-24.66%	34.94%	68.17%
Shares Outstanding (Basic)	4,280	3,943	3,812	3,847	3,786	3,462
Shares Outstanding (Diluted)	4,434	4,200	4,175	4,035	3,786	3,462
Shares Change (YoY)	6.38%	0.59%	3.48%	6.58%	9.35%	3.77%
EPS (Basic)	0.54	0.49	0.46	0.43	0.58	0.47
EPS (Diluted)	0.52	0.46	0.42	0.41	0.58	0.47
EPS Growth	32.73%	9.52%	2.44%	-29.31%	23.40%	62.07%
Free Cash Flow	7,985	6,001	5,666	274.17	1,471	-1,135
Free Cash Flow Per Share	1.80	1.43	1.36	0.07	0.39	-0.33
Dividend Per Share	0.150	0.150	0.140	0.300	0.130	-
Dividend Growth	7.14%	7.14%	-53.33%	130.77%	-	-
Operating Margin	21.22%	15.05%	12.40%	12.30%	17.05%	21.68%
Profit Margin	16.55%	12.26%	9.98%	9.87%	13.40%	15.39%
Free Cash Flow Margin	57.56%	38.09%	32.23%	1.64%	8.98%	-10.74%
Effective Tax Rate	17.89%	17.24%	17.16%	18.88%	24.71%	24.88%
Revenue as Reported	13,923	15,816	17,638	16,814	16,418	10,637

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.