China Merchants Securities Co., Ltd. (SHA:600999)

SHA:600999 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	23,189	19,920	17,177	20,068	21,643	16,148
Total Interest Expense	8,513	8,886	9,523	9,327	9,650	7,118
Net Interest Income	14,676	11,034	7,654	10,741	11,994	9,030
Gain on Sale of Investments (Rev)	-2,958	1,110	2,063	-2,623	754.08	1,394
Other Revenue	9,474	8,605	10,002	11,035	16,611	13,835
Revenue Before Loan Losses	21,193	20,749	19,719	19,153	29,358	24,260
Provision for Loan Losses	-108.35	-108.35	43.23	96.47	43.06	15.12
Revenue	21,301	20,858	19,676	19,057	29,315	24,245
Revenue Growth (YoY)	11.00%	6.01%	3.25%	-34.99%	20.91%	29.45%
Cost of Services Provided	9,795	9,652	8,748	8,656	11,072	9,672
Other Operating Expenses	131.64	124.82	1,587	1,490	4,168	3,147
Total Operating Expenses	9,973	9,778	10,356	10,165	15,266	12,821
Operating Income	11,328	11,080	9,319	8,892	14,050	11,423
Currency Exchange Gains	92.66	121.61	57.85	-50.52	12.14	17.8
Other Non-Operating Income (Expenses)	17.92	14.26	-2.69	-237.21	3.2	-
EBT Excluding Unusual Items	11,439	11,216	9,375	8,604	14,065	11,441
Asset Writedown	-4.11	-4.11	-	-3.96	-5.93	-3.96
Gain (Loss) on Sale of Investments	6.04	6.04	-123.54	-185.07	-304.72	-137.95
Other Unusual Items	-3.5	-3.5	39.98	116.85	-50.63	9.68
Pretax Income	11,442	11,219	9,296	8,532	13,704	11,309
Income Tax Expense	902.16	829.52	526.61	454.53	2,046	1,805
Earnings From Continuing Ops.	10,540	10,390	8,769	8,077	11,658	9,504
Minority Interest in Earnings	-4.05	-4.1	-5.13	-6.89	-12.74	-12.23
Net Income	10,536	10,386	8,764	8,070	11,645	9,492
Preferred Dividends & Other Adjustments	572.24	572.24	572.24	611.83	802.09	802.09
Net Income to Common	9,964	9,814	8,192	7,458	10,843	8,690
Net Income Growth	21.65%	18.51%	8.60%	-30.70%	22.69%	30.34%
Shares Outstanding (Basic)	8,659	8,697	8,697	8,697	8,697	8,213
Shares Outstanding (Diluted)	8,659	8,697	8,697	8,697	8,697	8,213
Shares Change (YoY)	-0.32%	-	-	-	5.89%	3.74%
EPS (Basic)	1.15	1.13	0.94	0.86	1.25	1.06
EPS (Diluted)	1.15	1.13	0.94	0.86	1.25	1.06
EPS Growth	23.84%	20.05%	9.60%	-31.21%	17.84%	29.26%
Free Cash Flow	10,153	53,963	26,495	61,944	-41,606	-10,179
Free Cash Flow Per Share	1.17	6.21	3.05	7.12	-4.78	-1.24
Dividend Per Share	0.478	0.478	0.252	0.185	0.540	0.772
Dividend Growth	89.68%	89.68%	36.22%	-65.74%	-30.05%	-
Operating Margin	53.18%	53.12%	47.37%	46.66%	47.93%	47.12%
Profit Margin	46.78%	47.05%	41.63%	39.14%	36.99%	35.84%
Free Cash Flow Margin	47.66%	258.72%	134.66%	325.05%	-141.92%	-41.98%
Effective Tax Rate	7.88%	7.39%	5.67%	5.33%	14.93%	15.96%
Revenue as Reported	21,306	20,891	19,821	19,219	29,429	24,278

Updated Jan 17, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.