Northeast 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	3,632	3,244	3,298	2,971	2,817	3,360
Total Interest Expense	1,154	1,111	1,203	1,457	1,301	1,454
Net Interest Income	2,478	2,134	2,094	1,514	1,516	1,906
Gain on Sale of Investments (Rev)	154.57	336.59	-80.1	52.42	-728.04	608.01
Other Revenue	2,741	2,562	2,247	4,879	4,259	4,955
Revenue Before Loan Losses	5,374	5,032	4,261	6,445	5,047	7,469
Provision for Loan Losses	10.73	10.73	1.54	-157.58	-136.46	-190.74
Revenue	5,363	5,022	4,260	6,603	5,183	7,660
Revenue Growth (YoY)	-14.61%	17.89%	-35.48%	27.38%	-32.33%	19.16%
Cost of Services Provided	3,279	3,200	3,053	3,132	2,931	3,165
Other Operating Expenses	45.49	42.29	34.49	2,706	1,868	2,204
Total Operating Expenses	3,343	3,278	3,100	5,917	4,976	5,592
Operating Income	2,020	1,744	1,160	685.48	206.87	2,068
Currency Exchange Gains	-0.89	-0.54	1.41	1.34	2.04	-0.57
Other Non-Operating Income (Expenses)	-6.87	-	-22.68	8.62	-30.3	-
EBT Excluding Unusual Items	2,012	1,744	1,139	695.45	178.61	2,068
Asset Writedown	-0.7	-0.7	-3.72	-0.5	-1.53	-1.91
Gain (Loss) on Sale of Investments	-	-	-	-	0.07	-0.07
Other Unusual Items	27.37	20.82	28.85	27.64	23.32	28.01
Pretax Income	2,039	1,764	1,164	722.82	200.38	2,094
Income Tax Expense	341.76	272.81	236.34	27.17	-72.1	387.81
Earnings From Continuing Ops.	1,697	1,491	927.95	695.65	272.48	1,706
Minority Interest in Earnings	-37.32	-39.4	-54.3	-27.2	-41.53	-81.87
Net Income	1,659	1,451	873.65	668.45	230.94	1,624
Net Income to Common	1,659	1,451	873.65	668.45	230.94	1,624
Net Income Growth	57.31%	66.13%	30.70%	189.44%	-85.78%	21.80%
Shares Outstanding (Basic)	2,349	2,341	2,361	2,305	2,340	2,340
Shares Outstanding (Diluted)	2,349	2,341	2,361	2,305	2,340	2,340
Shares Change (YoY)	-1.97%	-0.86%	2.44%	-1.49%	-0.02%	0.05%
EPS (Basic)	0.71	0.62	0.37	0.29	0.10	0.69
EPS (Diluted)	0.71	0.62	0.37	0.29	0.10	0.69
EPS Growth	60.48%	67.57%	27.59%	193.82%	-85.78%	21.74%
Free Cash Flow	10,138	909.87	10,757	-2,176	2,443	4,095
Free Cash Flow Per Share	4.32	0.39	4.56	-0.94	1.04	1.75
Dividend Per Share	0.150	0.150	0.120	0.100	0.100	0.100
Dividend Growth	25.00%	25.00%	20.00%	-	-	-
Operating Margin	37.66%	34.73%	27.23%	10.38%	3.99%	27.00%
Profit Margin	30.94%	28.90%	20.51%	10.12%	4.46%	21.20%
Free Cash Flow Margin	189.04%	18.12%	252.53%	-32.96%	47.14%	53.46%
Effective Tax Rate	16.77%	15.47%	20.30%	3.76%	-	18.52%
Revenue as Reported	5,411	5,069	4,304	6,475	5,077	7,478

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