Revenue by Segment

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Investment Banking Operations	214.07M	290.42M	250.62M	320.99M	399.95M
Investment Banking Operations Growth	-26.29%	15.88%	-21.92%	-19.74%	-17.75%
Unallocated Items and Others	65.00M	91.80M	142.44M	160.73M	52.25M
Unallocated Items and Others Growth	-29.19%	-35.55%	-11.38%	207.63%	-
Futures Brokerage Business	178.04M	175.47M	203.65M	278.39M	304.32M
Futures Brokerage Business Growth	1.46%	-13.83%	-26.85%	-8.52%	36.01%
Trust Asset Management Industry Management Service	245.83M	304.83M	270.38M	234.50M	173.08M
Trust Asset Management Industry Management Service Growth	-19.36%	12.74%	15.30%	35.49%	9.47%
Securities Brokerage Business	1.34B	1.04B	857.35M	916.99M	1.02B
Securities Brokerage Business Growth	29.15%	21.43%	-6.50%	-10.32%	10.72%
Fixed-Income Business	914.57M	1.15B	1.03B	832.61M	767.63M
Fixed-Income Business Growth	-20.72%	12.11%	23.58%	8.47%	-25.61%
Other Proprietary Investment Operations, Such as Stocks	835.03M	-70.30M	254.40M	-52.27M	324.40M
Other Proprietary Investment Operations, Such as Stocks Growth	-	-	-	-	44.03%
Commodity Trading and Risks	44.46M	55.30M	691.14M	1.52B	991.62M
Commodity Trading and Risks Growth	-19.60%	-92.00%	-54.45%	53.01%	126.56%
Offset of Business Segment	-490.73M	-44.93M	-228.23M	-48.72M	-41.86M
Total	3.35B	3.00B	3.47B	4.16B	3.99B
Total Growth	11.80%	-13.64%	-16.58%	4.17%	19.51%

Revenue by Geography

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	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	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
China	3.28B	2.98B	3.44B	4.19B	3.96B
China Growth	10.28%	-13.44%	-17.92%	5.74%	21.33%
Total	3.28B	2.98B	3.44B	4.19B	3.96B
Total Growth	10.28%	-13.44%	-17.92%	5.74%	21.33%

Source: S&P Global Market Intelligence.