Qingdao Rural Commercial Bank Co., Ltd. (SHE: 002958)

Qingdao Rural Commercial Bank Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	16,250	16,466	16,589	16,623	15,199	13,415
Interest Paid on Deposits	9,126	9,110	8,749	8,575	7,113	6,325
Net Interest Income	7,124	7,356	7,839	8,048	8,085	7,090
Net Interest Income Growth (YoY)	-8.38%	-6.17%	-2.60%	-0.46%	14.04%	8.58%
Gain (Loss) on Sale of Assets	79.11	27.14	2.35	-1.73	-3.24	18.92
Gain (Loss) on Sale of Investments	-54.43	-122.98	-6.81	121.53	12.02	31.29
Other Non-Interest Income	3,295	2,785	1,954	2,000	1,380	1,541
Total Non-Interest Income	3,320	2,689	1,949	2,120	1,388	1,591
Non-Interest Income Growth (YoY)	59.59%	37.97%	-8.05%	52.69%	-12.75%	79.41%
Revenues Before Loan Losses	10,443	10,045	9,788	10,168	9,474	8,682
Provision for Loan Losses	4,814	4,662	4,700	3,755	3,531	2,698
Revenue	5,629	5,383	5,088	6,414	5,942	5,984
Revenue Growth (YoY)	10.52%	5.80%	-20.67%	7.93%	-0.69%	-19.32%
Selling, General & Administrative	3,314	3,274	3,017	3,009	2,755	2,640
Other Non-Interest Expense	95.66	113.47	106.16	112.4	101.53	92.12
Total Non-Interest Expense	3,420	3,398	3,158	3,121	2,857	2,733
EBT Excluding Unusual Items	2,209	1,986	1,930	3,292	3,086	3,251
Asset Writedown	-40.2	-40.2	-16.03	-55.98	-75.63	-161.58
Other Unusual Items	146.74	280.47	155.62	77.3	98.57	20.9
Pretax Income	2,316	2,226	2,070	3,313	3,109	3,110
Income Tax Expense	-396.16	-377.06	-276.78	221.38	131.18	263.23
Earnings From Continuing Operations	2,712	2,603	2,346	3,092	2,977	2,847
Minority Interest in Earnings	-7.49	-35.11	-29.31	-26.52	-17.74	-22.45
Net Income	2,704	2,568	2,317	3,066	2,960	2,825
Preferred Dividends & Other Adjustments	241	241	241	96	-	-
Net Income to Common	2,463	2,327	2,076	2,970	2,960	2,825
Net Income Growth	9.93%	10.82%	-24.41%	3.58%	4.77%	16.78%
Basic Shares Outstanding	5,556	5,556	5,556	5,556	5,556	5,417
Diluted Shares Outstanding	6,740	6,740	6,713	6,427	5,846	5,417
Shares Change (YoY)	2.07%	0.41%	4.46%	9.93%	7.92%	8.33%
EPS (Basic)	0.44	0.42	0.37	0.53	0.53	0.52
EPS (Diluted)	0.39	0.37	0.33	0.48	0.51	0.52
EPS Growth	11.97%	11.06%	-31.68%	-6.10%	-1.13%	8.33%
Dividend Per Share	0.100	0.100	-	0.100	0.150	0.150
Dividend Growth	-	-	-	-33.33%	0%	0%
Effective Tax Rate	-	-	-	6.68%	4.22%	8.46%

Source: S&P Capital IQ. Banks template. Financial Sources.