First Capital 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	2,252	2,233	2,180	1,289	1,541	2,172
Total Interest Expense	479.2	496.68	516.7	644.5	622.71	633.07
Net Interest Income	1,773	1,736	1,663	644.22	918.08	1,539
Gain on Sale of Investments (Rev)	29.6	-43.69	42.08	186.78	-291.94	-158.47
Other Revenue	2,061	1,983	1,815	1,639	1,920	1,837
Revenue Before Loan Losses	3,863	3,676	3,520	2,470	2,546	3,217
Provision for Loan Losses	0.77	0.77	0.81	0.34	-0.48	0.61
Revenue	3,862	3,675	3,520	2,470	2,547	3,217
Revenue Growth (YoY)	10.11%	4.42%	42.51%	-3.02%	-20.83%	3.22%
Cost of Services Provided	2,452	2,371	2,314	2,084	2,086	2,164
Other Operating Expenses	38.76	38.27	37.32	32.59	32.58	34.98
Total Operating Expenses	2,486	2,405	2,359	2,115	2,134	2,203
Operating Income	1,377	1,270	1,161	354.49	413.09	1,014
Currency Exchange Gains	-1.54	-0.93	0.35	0.45	2.12	-0.67
Other Non-Operating Income (Expenses)	-2.19	2.06	-2.43	-0.31	0.85	-0.29
EBT Excluding Unusual Items	1,373	1,271	1,159	354.64	416.06	1,013
Asset Writedown	-2.97	-2.97	-0.03	-0.01	-	-0
Gain (Loss) on Sale of Investments	-114.72	-114.72	-78.08	-5.66	-8.42	-72.93
Other Unusual Items	-3.16	-6.64	7.58	14.57	55.88	32.81
Pretax Income	1,253	1,147	1,088	364.13	463.82	972.72
Income Tax Expense	267.25	239.42	125.17	-23.41	-1.14	148.89
Earnings From Continuing Ops.	985.42	907.54	963.32	387.55	464.96	823.83
Minority Interest in Earnings	-64.78	-66.13	-59.69	-56.89	-64.15	-78.52
Net Income	920.63	841.41	903.63	330.66	400.81	745.31
Net Income to Common	920.63	841.41	903.63	330.66	400.81	745.31
Net Income Growth	4.80%	-6.89%	173.28%	-17.50%	-46.22%	-8.29%
Shares Outstanding (Basic)	4,210	4,207	4,107	4,133	4,008	4,141
Shares Outstanding (Diluted)	4,210	4,207	4,107	4,133	4,008	4,141
Shares Change (YoY)	8.02%	2.43%	-0.62%	3.12%	-3.20%	6.99%
EPS (Basic)	0.22	0.20	0.22	0.08	0.10	0.18
EPS (Diluted)	0.22	0.20	0.22	0.08	0.10	0.18
EPS Growth	-2.97%	-9.09%	175.00%	-20.00%	-44.44%	-14.29%
Free Cash Flow	2,805	1,560	4,303	3,360	-2,529	1,015
Free Cash Flow Per Share	0.67	0.37	1.05	0.81	-0.63	0.24
Dividend Per Share	0.082	0.082	0.074	0.032	0.040	0.040
Dividend Growth	10.81%	10.81%	131.25%	-20.00%	-	-
Operating Margin	35.65%	34.55%	32.98%	14.35%	16.22%	31.51%
Profit Margin	23.84%	22.90%	25.67%	13.39%	15.74%	23.17%
Free Cash Flow Margin	72.63%	42.45%	122.26%	136.06%	-99.31%	31.57%
Effective Tax Rate	21.33%	20.87%	11.50%	-	-	15.31%
Revenue as Reported	3,872	3,686	3,532	2,489	2,611	3,255

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