Income Statement CSC Financial Co., Ltd.

Equities

6066

CNE100002B89

Investment Banking & Brokerage Services

Market Closed - Hong Kong S.E. Other stock markets 04:08:09 2025-06-13 EDT			5-day change	1st Jan Change
9.800 ^HKD	-2.20%		+4.70%	-0.20%

06-13	Huaneng Power Issues 1.5 Billion Yuan Mid-Term Bonds	MT
04-30	CSC Financial's Q1 Profit Jumps 50%	MT

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Published financial data: CSC FINANCIAL CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	15.78B	17.01B	14.06B	16.96B	8.39B
Interest Expense, Total	5.77B	7.23B	7.14B	8.41B	-
Net Interest Income	10B	9.77B	6.92B	8.55B	8.39B
Brokerage Commission	13.62B	15.36B	15.54B	14.4B	-
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	-	-	136M
Other Revenues, Total	1.25B	6.62B	6.68B	2.42B	12.53B
Revenues Before Provison For Loan Losses	24.88B	31.76B	29.15B	25.38B	21.05B
Provision For Loan Losses	28.02M	14.81M	86.34M	83.54M	298M
Total Revenues	24.85B	31.74B	29.06B	25.3B	20.76B
Salaries And Other Employee Benefits	6.44B	7.85B	7.89B	7.97B	-
Cost of Services Provided, Total	1.6B	1.92B	1.87B	2.33B	10.05B
Provision for Bad Debts	11.51M	10.61M	-9.01M	31.56M	2.68M
Other Operating Expenses	3.32B	9.2B	9.72B	6.89B	2.2B
Total Operating Expenses	11.37B	18.98B	19.47B	17.23B	12.26B
Operating Income	13.49B	12.76B	9.59B	8.07B	8.5B
Income (Loss) on Equity Invest.	11.86M	2.14M	13.52M	7.37M	-
Currency Exchange Gains (Loss)	-16.47M	-33.12M	102M	54.9M	75.12M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	13.48B	12.73B	9.71B	8.13B	8.57B
Gain (Loss) on Sale of Investments	-1.36B	323M	-207M	245M	210M
Gain (Loss) on Sale of Assets	419K	818K	-1.54M	2.01M	159K
Asset Writedown	-	-31.29M	-25.98M	-8.42M	-
Other Unusual Items	-	-	-	-	-93.33M
EBT, Incl. Unusual Items	12.13B	13.02B	9.47B	8.37B	8.69B
Income Tax Expense	2.59B	2.79B	1.95B	1.32B	1.45B
Earnings From Continuing Operations	9.54B	10.24B	7.52B	7.05B	7.24B
Net Income to Company	9.54B	10.24B	7.52B	7.05B	7.24B
Minority Interest	-27.26M	3.64M	-10.15M	-12.86M	-12.31M
Net Income - (IS)	9.51B	10.24B	7.51B	7.03B	7.22B
Preferred Dividend and Other Adjustments	370M	548M	852M	984M	1.07B
Net Income to Common Incl Extra Items	9.14B	9.69B	6.66B	6.05B	6.16B
Net Income to Common Excl. Extra Items	9.14B	9.69B	6.66B	6.05B	6.16B
Per Share Items
Net EPS - Basic	1.2	1.25	0.86	0.78	0.79
Basic EPS - Continuing Operations	1.2	1.25	0.86	0.78	0.79
Basic Weighted Average Shares Outstanding	7.65B	7.76B	7.76B	7.76B	7.76B
Net EPS - Diluted	1.2	1.25	0.86	0.78	0.79
Diluted EPS - Continuing Operations	1.2	1.25	0.86	0.78	0.79
Diluted Weighted Average Shares Outstanding	7.65B	7.76B	7.76B	7.76B	7.76B
Normalized Basic EPS	1.1	1.03	0.78	0.65	0.69
Normalized Diluted EPS	1.1	1.03	0.78	0.65	0.69
Dividend Per Share	0.38	0.4	0.27	0.25	0.26
Payout Ratio	24.33	32.49	49.14	43.76	109.53
Supplemental Items
Total Revenues (As Reported)	30.72B	39.03B	36.47B	33.98B	21.13B
Effective Tax Rate - (Ratio)	21.35	21.39	20.64	15.82	16.74
Current Domestic Taxes	2.98B	2.7B	-	-	-
Total Current Taxes	2.98B	2.7B	2.22B	818M	1.27B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-388M	89.88M	-269M	507M	184M
Normalized Net Income	8.4B	7.96B	6.06B	5.07B	5.35B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	28.58B	36B	38.94B	36.62B	36.58B
Cash & Securities Segregated	-	-	-	-	101B
Securities Purchased Under Agreements To Resell	16.12B	19.02B	25.55B	13.94B	11.1B
Accounts Receivable, Total	46.62B	57.93B	53.02B	56.52B	70.05B
Other Receivables	1.13B	3.11B	3.33B	8.69B	1.48B
Gross Property Plant And Equipment	3.11B	4.14B	4.65B	5B	4.96B
Accumulated Depreciation	-1.54B	-1.61B	-2.13B	-2.72B	-3.11B
Net Property Plant And Equipment	1.57B	2.52B	2.53B	2.28B	1.84B
Other Intangibles, Total	360M	519M	670M	827M	863M
Investment In Debt and Equity Securities	54.11B	55.93B	79.88B	85.84B	92.38B
Trading Asset Securities, Total	134B	156B	181B	208B	205B
Other Current Assets, Total	77.62B	109B	112B	96B	44.99B
Deferred Tax Assets Long-Term (Collected)	1.73B	1.97B	1.89B	428M	80.41M
Deferred Charges Long-Term	-	-	-	-	273M
Other Long-Term Assets, Total	9.12B	10.65B	11.12B	13.26B	202M
Total Assets	371B	453B	510B	523B	566B
Liabilities
Accounts Payable, Total	74.79B	93.56B	110B	102B	133B
Accrued Expenses, Total	4.4B	5.17B	4.58B	4.76B	5.16B
Short-Term Borrowings	139B	132B	155B	174B	161B
Current Portion of Long-Term Debt	15.3B	44.29B	39.57B	22.15B	23.31B
Current Portion of Leases	324M	444M	512M	481M	611M
Long-Term Debt	50.02B	60.02B	62.21B	80.64B	102B
Long-Term Leases	655M	1.36B	1.37B	1.07B	631M
Current Income Taxes Payable	938M	1.02B	711M	111M	236M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	15.52B	28.23B	36B	34.8B	29.23B
Pension & Other Post Retirement Benefits	-	-	-	-	42.18M
Deferred Tax Liability Non-Current	1.07B	1.53B	1.07B	167M	158M
Other Non Current Liabilities	1.25B	5.46B	5.82B	4.96B	5.15B
Total Liabilities	303B	373B	417B	425B	460B
Common Stock, Total	7.76B	7.76B	7.76B	7.76B	7.76B
Additional Paid In Capital	-	-	-	-	12.37B
Retained Earnings	37.15B	43.93B	47.52B	51.49B	55.01B
Comprehensive Income and Other	22.83B	28.13B	37.96B	38.23B	31.34B
Total Common Equity	67.74B	79.82B	93.24B	97.48B	106B
Minority Interest	336M	188M	44.34M	48.36M	50.22M
Total Equity	68.07B	80.01B	93.29B	97.53B	107B
Total Liabilities And Equity	371B	453B	510B	523B	566B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.76B	7.76B	7.76B	7.76B	7.76B
ECS Total Common Shares Outstanding	7.76B	7.76B	7.76B	7.76B	7.76B
Book Value / Share	8.73	10.29	12.02	12.57	9.88
Tangible Book Value	67.37B	79.3B	92.57B	96.65B	106B
Tangible Book Value Per Share	8.69	10.22	11.93	12.46	9.77
Total Debt	205B	238B	259B	278B	287B
Net Debt	26.22B	26.3B	13.08B	19.34B	-67.16B
Equity Method Investments, Total	229M	111M	108M	115M	123M
Full Time Employees	9.99K	11.78K	14.15K	13.9K	13.04K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	9.51B	10.24B	7.51B	7.03B	7.22B
Depreciation, Depletion & Amortization	560M	627M	846M	919M	853M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	560M	627M	846M	919M	853M
Amortization of Deferred Charges, Total	83.86M	120M	166M	217M	399M
(Gain) Loss On Sale of Asset - (CF)	-237K	-555M	8.28M	-2.01M	-159K
(Gain) Loss on Sale of Investments - (CF)	246M	-1.37B	1.49B	-2.84B	-1.24B
Total Asset Writedown	-	31.29M	25.98M	8.42M	18.58M
Provision for Credit Losses	39.53M	25.41M	86.34M	83.54M	298M
(Income) Loss On Equity Investments - (CF)	-11.86M	-2.14M	-13.52M	-7.37M	-
Provision and Write-off of Bad Debts	-	-	-9.01M	31.56M	2.68M
Change in Trading Asset Securities	-44.65B	-21.79B	-29.49B	-25.93B	17.22B
Change in Accounts Receivable	-	-	-	-	-5.2B
Change in Accounts Payable	20.08B	18.37B	16.21B	-8.37B	7.18B
Change In Deferred Taxes	-	-	-	-	184M
Change in Other Net Operating Assets (Collected)	-26.47B	-14.62B	26.14B	17.21B	-
Other Operating Activities	2.3B	2.26B	1.31B	1.52B	2.57B
Cash from Operations	-38.31B	-6.65B	24.28B	-10.13B	29.5B
Capital Expenditure	-433M	-620M	-547M	-1.08B	-539M
Investment in Marketable and Equity Securities, Total	-11.99B	637M	-22.26B	-4.25B	-12.78B
Other Investing Activities, Total	1.01B	1.78B	1.56B	2.67B	737K
Cash from Investing	-11.41B	1.8B	-21.24B	-2.65B	-13.32B
Short Term Debt Issued, Total	-	-	-	-	27.6B
Long-Term Debt Issued, Total	188B	180B	97.6B	107B	88.38B
Total Debt Issued	188B	180B	97.6B	107B	116B
Short Term Debt Repaid, Total	-	-	-	-	-89.62B
Long-Term Debt Repaid, Total	-155B	-165B	-99.09B	-88.61B	-
Total Debt Repaid	-155B	-165B	-99.09B	-88.61B	-89.62B
Issuance of Common Stock	8.88B	5B	10B	-	9.9B
Repurchase of Common Stock	-5B	-	-	-	-5B
Common Dividends Paid	-2.31B	-3.33B	-3.69B	-3.08B	-7.91B
Common & Preferred Stock Dividends Paid	-2.31B	-3.33B	-3.69B	-3.08B	-7.91B
Other Financing Activities, Total	-3.97B	-3.99B	-4.68B	-4.86B	-730M
Cash from Financing	30.82B	12.51B	135M	10.84B	22.63B
Foreign Exchange Rate Adjustments	-275M	-184M	154M	-551M	-685M
Net Change in Cash	-19.17B	7.47B	3.33B	-2.49B	38.12B
Supplemental Items
Cash Interest Paid	3.32B	3.18B	3.84B	4.06B	6.99B
Cash Income Tax Paid (Refund)	2.36B	2.61B	2.53B	1.42B	2.28B
Net Debt Issued / Repaid	33.22B	14.83B	-1.5B	18.78B	26.37B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.9	2.48	1.56	1.37	1.33
Return On Equity %	15.26	13.82	8.68	7.39	7.09
Return on Common Equity	14.7	13.14	7.69	6.34	6.04
Margin Analysis
Gross Profit Margin %	93.56	93.95	93.9	90.78	51.58
SG&A Margin	25.9	24.74	27.48	31.52	-
Income From Continuing Operations Margin %	38.37	32.25	25.87	27.86	34.86
Net Income Margin %	38.26	32.26	25.83	27.81	34.8
Net Avail. For Common Margin %	36.77	30.53	22.9	23.92	29.66
Normalized Net Income Margin	33.79	25.07	20.84	20.04	25.76
Asset Turnover
Asset Turnover	0.08	0.08	0.06	0.05	0.04
Short Term Liquidity
Current Ratio	1.22	1.25	1.2	1.24	1.34
Quick Ratio	0.91	0.9	0.87	0.96	1.21
Operating Cash Flow to Current Liabilities	-0.15	-0.02	0.07	-0.03	0.08
Long Term Solvency
Total Debt/Equity	301.44	297.24	277.19	285.3	269.52
Total Debt / Total Capital	75.09	74.83	73.49	74.05	72.94
LT Debt/Equity	74.44	76.72	68.16	83.78	96.02
Long-Term Debt / Total Capital	18.54	19.31	18.07	21.74	25.98
Total Liabilities / Total Assets	81.66	82.33	81.71	81.34	81.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	68.94	27.7	-8.44	-12.96	-10.16
Gross Profit, 1 Yr. Growth %	69.69	28.23	-8.49	-15.85	-7.89
Earnings From Cont. Operations, 1 Yr. Growth %	72.46	7.32	-26.55	-6.4	2.67
Net Income, 1 Yr. Growth %	72.85	7.67	-26.68	-6.45	2.68
Normalized Net Income, 1 Yr. Growth %	89.32	-5.24	-23.9	-16.29	-7.33
Diluted EPS Before Extra, 1 Yr. Growth %	78.36	4.55	-31.33	-9.25	1.28
Common Equity, 1 Yr. Growth %	19.71	17.84	16.82	4.53	9.22
Total Assets, 1 Yr. Growth %	29.95	21.97	12.62	2.66	8.35
Tangible Book Value, 1 Yr. Growth %	19.57	17.7	16.74	4.4	9.26
Cash From Operations, 1 Yr. Growth %	-316.53	-82.63	-464.84	-141.71	-247.08
Capital Expenditures, 1 Yr. Growth %	49.1	43.35	-11.83	97.05	-50
Dividend Per Share, 1 Yr. Growth %	59.57	5.33	-31.65	-7.41	2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	53.37	46.88	8.13	-10.73	-15.49
Gross Profit, 2 Yr. CAGR %	54.33	47.51	8.33	-12.24	-37.37
Earnings From Cont. Operations, 2 Yr. CAGR %	75.3	36.05	-11.22	-17.02	-1.97
Net Income, 2 Yr. CAGR %	75.5	36.42	-11.15	-17.11	-1.99
Normalized Net Income, 2 Yr. CAGR %	81.06	33.94	-15.08	-20.18	-6.05
Diluted EPS Before Extra, 2 Yr. CAGR %	79.72	36.56	-15.27	-20.99	-4.13
Common Equity, 2 Yr. CAGR %	19.32	18.77	17.33	10.51	6.85
Total Assets, 2 Yr. CAGR %	37.95	25.9	17.2	7.45	5.47
Tangible Book Value, 2 Yr. CAGR %	19.23	18.63	17.22	10.4	6.8
Cash From Operations, 2 Yr. CAGR %	90.46	-38.67	-20.39	23.36	10.23
Capital Expenditures, 2 Yr. CAGR %	58.23	46.19	12.42	31.81	-0.74
Dividend Per Share, 2 Yr. CAGR %	44.34	29.65	-15.15	-20.44	-2.82
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	25.66	44.29	25.47	0.59	-13.2
Gross Profit, 3 Yr. CAGR %	26.99	45.09	25.81	-0.42	-28.93
Earnings From Cont. Operations, 3 Yr. CAGR %	32.91	48.85	10.78	-9.59	-10.92
Net Income, 3 Yr. CAGR %	33.29	49.12	10.92	-9.56	-10.98
Normalized Net Income, 3 Yr. CAGR %	36.08	45.91	10.94	-15.49	-12.42
Diluted EPS Before Extra, 3 Yr. CAGR %	32.82	50.02	8.59	-13.26	-14.17
Common Equity, 3 Yr. CAGR %	15.68	18.82	18.12	12.9	10.08
Total Assets, 3 Yr. CAGR %	21.71	32.4	21.31	12.09	7.75
Tangible Book Value, 3 Yr. CAGR %	15.63	18.72	18	12.78	10.02
Cash From Operations, 3 Yr. CAGR %	7.96	-14.27	11.13	-35.82	64.27
Capital Expenditures, 3 Yr. CAGR %	18.78	53.1	23.51	35.55	-4.59
Dividend Per Share, 3 Yr. CAGR %	27.72	29.95	4.74	-12.64	-13.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.31	16.76	18.33	19.08	7.13
Gross Profit, 5 Yr. CAGR %	4.26	17.64	19.17	18.66	-4.82
Earnings From Cont. Operations, 5 Yr. CAGR %	1.97	14.01	13.1	17.82	5.52
Net Income, 5 Yr. CAGR %	1.94	14.25	13.33	17.9	5.6
Normalized Net Income, 5 Yr. CAGR %	3.2	12.69	12.69	14.63	3.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-2.67	9.18	10.96	16.09	3.35
Common Equity, 5 Yr. CAGR %	17.61	14.22	16.34	15.43	13.48
Total Assets, 5 Yr. CAGR %	15.17	20.04	19.89	21.79	14.67
Tangible Book Value, 5 Yr. CAGR %	17.58	14.15	16.26	15.32	13.39
Cash From Operations, 5 Yr. CAGR %	27.39	-20.08	-4.43	-0.83	10.77
Capital Expenditures, 5 Yr. CAGR %	8.94	18.81	16.2	44.2	13.17
Dividend Per Share, 5 Yr. CAGR %	-	17.02	8.45	6.79	1.65