GF 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	Jun '26 Jun 30, 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	24,547	20,678	21,126	18,848	17,238	20,476
Total Interest Expense	10,828	10,032	10,226	10,411	8,754	8,728
Net Interest Income	13,718	10,646	10,900	8,437	8,484	11,748
Gain on Sale of Investments (Rev)	10,374	5,347	-31.34	-1,011	-2,183	407.38
Other Revenue	23,300	19,038	14,798	14,901	17,513	20,910
Revenue Before Loan Losses	47,392	35,032	25,667	22,326	23,814	33,066
Provision for Loan Losses	89.78	35.68	-5.2	-18.7	-188.92	356.9
Revenue	47,302	34,996	25,672	22,345	24,003	32,709
Revenue Growth	59.89%	36.32%	14.89%	-6.91%	-26.62%	18.48%
Cost of Services Provided	20,062	16,456	14,792	13,885	13,809	15,961
Other Operating Expenses	460.57	345.63	227.24	520.38	1,235	2,280
Total Operating Expenses	20,516	16,809	15,017	14,448	15,095	18,219
Operating Income	26,786	18,187	10,656	7,897	8,908	14,490
Currency Exchange Gains	-635.78	-67.6	68.63	-10.18	-47.04	4.27
Other Non-Operating Income (Expenses)	-293.7	-	-	58.32	-12.02	1,114
EBT Excluding Unusual Items	25,857	18,119	10,724	7,945	8,849	15,608
Asset Writedown	-11.22	-4.39	-0.02	-3.63	-	-
Gain (Loss) on Sale of Investments	80.79	149.77	57.13	-71.66	234.22	-645.61
Other Unusual Items	-564.56	-300.33	1,067	873.31	1,305	-
Pretax Income	25,374	17,973	11,852	8,744	10,388	14,964
Income Tax Expense	4,659	3,021	1,307	881.52	1,490	2,909
Earnings From Continuing Ops.	20,715	14,952	10,545	7,863	8,898	12,055
Minority Interest in Earnings	-1,832	-1,251	-907.84	-885.12	-968.72	-1,201
Net Income	18,884	13,702	9,637	6,978	7,929	10,854
Preferred Dividends & Other Adjustments	1,023	957.69	907.78	685.88	198.58	12.66
Net Income to Common	17,861	12,744	8,729	6,292	7,731	10,841
Net Income Growth	65.29%	45.99%	38.73%	-18.61%	-28.69%	8.00%
Shares Outstanding (Basic)	7,697	7,606	7,606	7,606	7,612	7,621
Shares Outstanding (Diluted)	7,742	7,606	7,606	7,606	7,612	7,621
Shares Change	1.79%	-	-	-0.08%	-0.12%	-
EPS (Basic)	2.32	1.68	1.15	0.83	1.02	1.42
EPS (Diluted)	2.31	1.68	1.15	0.83	1.02	1.42
EPS Growth	62.62%	45.99%	38.73%	-18.54%	-28.48%	7.81%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	2,849	-28,508	9,235	-9,860	49,304	-27,994
Free Cash Flow Per Share	0.37	-3.75	1.21	-1.30	6.48	-3.67
Dividend Per Share	0.750	0.600	0.500	0.300	0.350	0.500
Dividend Growth	50.00%	20.00%	66.67%	-14.29%	-30.00%	11.11%
Operating Margin	56.63%	51.97%	41.51%	35.34%	37.11%	44.30%
Profit Margin	37.76%	36.41%	34.00%	28.16%	32.21%	33.15%
Free Cash Flow Margin	6.02%	-81.46%	35.97%	-44.13%	205.41%	-85.59%
Effective Tax Rate	18.36%	16.81%	11.03%	10.08%	14.34%	19.44%
Revenue as Reported	46,978	35,493	26,422	23,300	25,132	34,250