Balance Sheet Industrial Securities Co.,Ltd.

Equities

601377

CNE100000V95

Investment Management & Fund Operators

End-of-day quote Shanghai S.E. Other stock markets 2026-03-06			5-day change	1st Jan Change
6.600 ^CNY	+1.23%		-2.22%	-11.05%

Feb. 08	People's Bank of China Injects 600 Billion Yuan into Market to Address Shortage, Prepare for Lunar New Year Spending	MT
Jan. 22	Industrial Securities Issues 3 Billion Yuan In Short-Term Bonds	MT

e969df9867b6c2107e2.EpUUGiUJAC6qlDeOKepRLGwTJLmEKinlmvD4kbwUB08.ca0ifBBTdBvb0HXpXdkfHC9iYNrAGVmA8pzBx4xONz5W_0ZOQDAwfpvxQA

Published financial data: INDUSTRIAL SECURITIES CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	9.32B	7.89B	5.24B	5.31B	7.31B
Interest Expense, Total	3.04B	2.99B	3.06B	3.42B	3.59B
Net Interest Income	6.29B	4.9B	2.17B	1.9B	3.72B
Gain (Loss) on Sale of Investments, Total (Rev)	-377M	603M	264M	584M	545M
Other Revenues, Total	11.45B	13.22B	7.89B	7.94B	7.83B
Revenues Before Provison For Loan Losses	17.36B	18.72B	10.33B	10.42B	12.09B
Provision For Loan Losses	438M	44.76M	40.31M	7.67M	30.99M
Total Revenues	16.92B	18.68B	10.29B	10.42B	12.06B
Cost of Services Provided, Total	6.79B	8.11B	5.6B	5.8B	6.59B
Provision for Bad Debts	5.97M	3.67M	5.48M	5.24M	3.52M
Other Operating Expenses	3.98B	3.2B	863M	1.86B	2.65B
Total Operating Expenses	10.78B	11.31B	6.47B	7.67B	9.24B
Operating Income	6.14B	7.37B	3.82B	2.75B	2.82B
Currency Exchange Gains (Loss)	26.79M	47.71M	-34.92M	15.29M	2.96M
Other Non Operating Income (Expenses)	19.69M	-	-	-	183K
EBT, Excl. Unusual Items	6.19B	7.41B	3.79B	2.76B	2.83B
Gain (Loss) on Sale of Investments	-167M	91.72M	-27.79M	10.38M	-2M
Gain (Loss) on Sale of Assets	271K	3.77M	459K	193K	-722K
Asset Writedown	-	-	-	-	-
Other Unusual Items	134M	153M	338M	177M	258M
EBT, Incl. Unusual Items	6.16B	7.66B	4.1B	2.95B	3.08B
Income Tax Expense	1.57B	1.81B	753M	284M	185M
Earnings From Continuing Operations	4.58B	5.86B	3.34B	2.67B	2.9B
Net Income to Company	4.58B	5.86B	3.34B	2.67B	2.9B
Minority Interest	-581M	-1.11B	-706M	-703M	-733M
Net Income - (IS)	4B	4.74B	2.64B	1.96B	2.16B
Preferred Dividend and Other Adjustments	-	-	-	-	105M
Net Income to Common Incl Extra Items	4B	4.74B	2.64B	1.96B	2.06B
Net Income to Common Excl. Extra Items	4B	4.74B	2.64B	1.96B	2.06B
Per Share Items
Net EPS - Basic	0.6	0.71	0.35	0.23	0.24
Basic EPS - Continuing Operations	0.6	0.71	0.35	0.23	0.24
Basic Weighted Average Shares Outstanding	6.7B	6.7B	7.53B	8.64B	8.64B
Net EPS - Diluted	0.6	0.71	0.35	0.23	0.24
Diluted EPS - Continuing Operations	0.6	0.71	0.35	0.23	0.24
Diluted Weighted Average Shares Outstanding	6.7B	6.7B	7.53B	8.64B	8.64B
Normalized Basic EPS	0.49	0.53	0.22	0.12	0.12
Normalized Diluted EPS	0.49	0.53	0.22	0.12	0.12
Dividend Per Share	0.18	-	0.31	0.1	0.13
Payout Ratio	75.17	73.77	128.48	149.33	154.06
Supplemental Items
Total Revenues (As Reported)	17.58B	18.97B	10.66B	10.63B	12.35B
Effective Tax Rate - (Ratio)	25.53	23.59	18.39	9.63	5.99
Total Current Taxes	1.67B	2.01B	835M	513M	500M
Total Deferred Taxes	-43.7M	161M	173M	-183M	-333M
Normalized Net Income	3.29B	3.52B	1.66B	1.02B	1.03B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	14.96B	15.66B	18.18B	69.48B	77.4B
Cash & Securities Segregated	33.97B	51.19B	62.18B	-	-
Securities Purchased Under Agreements To Resell	4.55B	6.67B	10.01B	11.71B	5B
Accounts Receivable, Total	31.96B	35.48B	29.63B	30.84B	34.43B
Other Receivables	899M	948M	975M	918M	876M
Gross Property Plant And Equipment	1.23B	2.61B	2.93B	3.25B	3.43B
Accumulated Depreciation	-582M	-953M	-1.37B	-1.7B	-1.99B
Net Property Plant And Equipment	652M	1.66B	1.56B	1.55B	1.43B
Goodwill	12.26M	12.26M	12.26M	12.26M	12.26M
Other Intangibles, Total	259M	362M	433M	479M	439M
Investment In Debt and Equity Securities	7.62B	4.94B	8.51B	5.48B	21.48B
Trading Asset Securities, Total	31.38B	35.13B	44.62B	61.57B	64.24B
Other Current Assets, Total	34.53B	42.16B	40.04B	46.31B	41.47B
Deferred Tax Assets Long-Term (Collected)	1.11B	1.15B	988M	1.09B	1.14B
Deferred Charges Long-Term	146M	157M	149M	125M	101M
Other Long-Term Assets, Total	18.96B	21.94B	28.57B	44.05B	52.99B
Total Assets	181B	217B	246B	274B	301B
Liabilities
Accounts Payable, Total	-	401K	401K	388K	388K
Accrued Expenses, Total	51.25B	68.22B	77.43B	68.04B	81.13B
Short-Term Borrowings	38.89B	40.62B	39.22B	57.77B	81.15B
Current Portion of Long-Term Debt	20.99B	15.52B	17.51B	-	-
Current Portion of Leases	-	268M	267M	251M	257M
Long-Term Debt	22.18B	37.36B	34.84B	62.31B	55.88B
Long-Term Leases	-	579M	433M	314M	287M
Current Income Taxes Payable	962M	1.08B	240M	60.38M	210M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	3.54B	3.91B	3.68B	3.14B	2.44B
Unearned Revenue Non Current	63.52M	71.52M	83.72M	96.13M	79.36M
Pension & Other Post Retirement Benefits	57.26M	91.85M	66.08M	86.59M	57.94M
Deferred Tax Liability Non-Current	25.8M	223M	165M	120M	19.85M
Other Non Current Liabilities	2.22B	4.16B	15.09B	20.45B	16.58B
Total Liabilities	140B	172B	189B	213B	238B
Common Stock, Total	6.7B	6.7B	8.64B	8.64B	8.64B
Additional Paid In Capital	14.38B	14.38B	22.47B	22.56B	22.58B
Retained Earnings	16.31B	19.85B	20.93B	21.74B	22.58B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	356M	269M	227M	3.44B	4.02B
Total Common Equity	37.74B	41.19B	52.26B	56.37B	57.82B
Minority Interest	3.1B	4.17B	4.57B	4.6B	5.1B
Total Equity	40.84B	45.36B	56.84B	60.97B	62.92B
Total Liabilities And Equity	181B	217B	246B	274B	301B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.7B	6.7B	8.64B	8.64B	8.64B
ECS Total Common Shares Outstanding	6.7B	6.7B	8.64B	8.64B	8.64B
Book Value / Share	5.64	6.15	6.05	6.18	6.35
Tangible Book Value	37.47B	40.81B	51.82B	55.88B	57.36B
Tangible Book Value Per Share	5.59	6.09	6	6.12	6.3
Total Debt	82.07B	94.35B	92.28B	121B	138B
Net Debt	-2.8B	-14.3B	-42.71B	-22.11B	-9.06B
Equity Method Investments, Total	2.33B	4.73B	4.87B	5.23B	1.81B
Full Time Employees	8.91K	10.2K	10.15K	9.87K	8.94K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	4B	4.74B	2.64B	1.96B	2.16B
Depreciation, Depletion & Amortization	96.24M	399M	462M	500M	508M
Amortization of Goodwill and Intangible Assets - (CF)	167K	158K	158K	158K	129K
Total Depreciation, Depletion & Amortization	96.41M	399M	463M	500M	508M
Amortization of Deferred Charges, Total	163M	213M	276M	319M	311M
(Gain) Loss On Sale of Asset - (CF)	-427K	-3.81M	-498K	-198K	722K
(Gain) Loss on Sale of Investments - (CF)	247M	-736M	-339M	-919M	-1.06B
Total Asset Writedown	637M	-	-	-	-
Provision for Credit Losses	-	44.76M	40.31M	7.67M	30.99M
Provision and Write-off of Bad Debts	-	3.67M	5.48M	5.24M	3.52M
Change in Trading Asset Securities	-2.43B	-9.46B	-2.76B	-20.26B	3.42B
Change in Accounts Receivable	-9.46B	-7.67B	850M	-3.65B	5.49B
Change in Accounts Payable	12.59B	25.61B	19.62B	10.58B	12.24B
Change In Deferred Taxes	-43.7M	161M	173M	-183M	-333M
Change in Other Net Operating Assets (Collected)	-	-	-	-	-
Other Operating Activities	1.88B	1.9B	1.7B	1.27B	1.35B
Cash from Operations	7.68B	15.21B	22.66B	-10.36B	24.14B
Capital Expenditure	-297M	-531M	-578M	-705M	-451M
Sale of Property, Plant, and Equipment	1.57M	1.9M	1.17M	568K	3.75M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	887M	-1.67B	-10.39B	-12.37B	-24.43B
Other Investing Activities, Total	1.25B	1.27B	1.12B	1.65B	2.11B
Cash from Investing	1.84B	-935M	-9.85B	-11.43B	-22.77B
Short Term Debt Issued, Total	-	-	-	6.17B	4.54B
Long-Term Debt Issued, Total	76.91B	101B	40.57B	50.9B	66.43B
Total Debt Issued	76.91B	101B	40.57B	57.07B	70.96B
Short Term Debt Repaid, Total	-	-	-	-45.13B	-56.9B
Long-Term Debt Repaid, Total	-81.71B	-95.61B	-44.13B	-304M	-294M
Total Debt Repaid	-81.71B	-95.61B	-44.13B	-45.44B	-57.2B
Issuance of Common Stock	-	-	10.03B	3B	-
Common Dividends Paid	-3.01B	-3.5B	-3.39B	-2.93B	-3.33B
Common & Preferred Stock Dividends Paid	-3.01B	-3.5B	-3.39B	-2.93B	-3.33B
Other Financing Activities, Total	-270M	-3.16M	-327M	-981M	-242M
Cash from Financing	-8.07B	2.12B	2.76B	10.72B	10.19B
Foreign Exchange Rate Adjustments	26.79M	47.71M	-34.92M	15.29M	2.96M
Net Change in Cash	1.48B	16.43B	15.53B	-11.06B	11.57B
Supplemental Items
Cash Interest Paid	2.34B	2.97B	3.07B	3.49B	3.4B
Cash Income Tax Paid (Refund)	4.89B	5.38B	4.62B	2.47B	1.43B
Net Debt Issued / Repaid	-4.79B	5.62B	-3.56B	11.63B	13.76B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.61	2.94	1.44	1.03	1.01
Return On Equity %	11.77	13.59	6.54	4.53	4.68
Return on Common Equity	11.09	12.02	5.64	3.62	3.61
Margin Analysis
Gross Profit Margin %	61.76	56.58	47.66	99.98	46.36
SG&A Margin	1.89	0.01	2.11	55.67	0.97
Income From Continuing Operations Margin %	27.1	31.35	32.48	25.61	24.01
Net Income Margin %	23.66	25.39	25.62	18.86	17.94
Net Avail. For Common Margin %	23.66	25.39	25.62	18.86	17.07
Normalized Net Income Margin	19.43	18.86	16.13	9.83	8.57
Asset Turnover
Asset Turnover	0.1	0.09	0.04	0.04	0.04
Short Term Liquidity
Current Ratio	1.32	1.44	1.49	1.71	1.35
Quick Ratio	1.02	1.12	1.2	1.35	1.1
Operating Cash Flow to Current Liabilities	0.07	0.12	0.16	-0.08	0.15
Long Term Solvency
Total Debt/Equity	200.97	208.03	162.35	197.87	218.65
Total Debt / Total Capital	66.77	67.54	61.88	66.43	68.62
LT Debt/Equity	54.32	83.65	62.06	102.71	89.27
Long-Term Debt / Total Capital	18.05	27.16	23.66	34.48	28.01
Total Liabilities / Total Assets	77.44	79.14	76.88	77.72	79.1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	25.53	10.41	-44.9	1.2	15.8
Gross Profit, 1 Yr. Growth %	34.72	4.3	-54.7	1.12	15.55
Earnings From Cont. Operations, 1 Yr. Growth %	139.33	27.74	-42.91	-20.19	8.57
Net Income, 1 Yr. Growth %	127.13	18.48	-44.4	-25.51	10.16
Normalized Net Income, 1 Yr. Growth %	104.42	7.99	-52.85	-38.31	-1.89
Diluted EPS Before Extra, 1 Yr. Growth %	127.13	18.48	-48.53	-35.01	5.47
Common Equity, 1 Yr. Growth %	9.6	9.14	26.89	7.86	2.56
Total Assets, 1 Yr. Growth %	6.12	20.13	13.06	11.29	10.02
Tangible Book Value, 1 Yr. Growth %	9.49	8.93	26.96	7.84	2.66
Cash From Operations, 1 Yr. Growth %	-58.11	97.9	49	-145.73	-333.03
Capital Expenditures, 1 Yr. Growth %	5.16	78.43	8.89	21.9	-35.96
Dividend Per Share, 1 Yr. Growth %	125	-	-	-67.74	30
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	64.12	17.73	-22	-25.32	8.25
Gross Profit, 2 Yr. CAGR %	125.51	16.73	-30.42	-1.94	-26.31
Earnings From Cont. Operations, 2 Yr. CAGR %	182.25	74.85	-14.6	-32.5	-6.91
Net Income, 2 Yr. CAGR %	443.86	64.04	-18.84	-35.65	-9.41
Normalized Net Income, 2 Yr. CAGR %	189.85	47.99	-28.65	-46.07	-21.11
Diluted EPS Before Extra, 2 Yr. CAGR %	444	64.04	-23.48	-42.16	-17.46
Common Equity, 2 Yr. CAGR %	7.75	9.37	17.68	16.99	5.18
Total Assets, 2 Yr. CAGR %	8.02	12.91	16.54	12.17	10.65
Tangible Book Value, 2 Yr. CAGR %	7.58	9.21	17.6	17.01	5.21
Cash From Operations, 2 Yr. CAGR %	-33.94	-8.95	71.71	-17.46	3.23
Capital Expenditures, 2 Yr. CAGR %	8.5	36.98	39.39	15.21	-11.65
Dividend Per Share, 2 Yr. CAGR %	89.74	-	31.23	-	-35.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	25.87	43.81	-8.59	-14.93	-13.56
Gross Profit, 3 Yr. CAGR %	44.42	72.63	-14.16	0.92	-19.77
Earnings From Cont. Operations, 3 Yr. CAGR %	20.27	116.7	20.4	-16.51	-20.91
Net Income, 3 Yr. CAGR %	20.55	227.24	14.37	-21.13	-23.02
Normalized Net Income, 3 Yr. CAGR %	26.03	108.02	1.08	-32.02	-33.55
Diluted EPS Before Extra, 3 Yr. CAGR %	20.28	227.3	9.97	-27.54	-29.48
Common Equity, 3 Yr. CAGR %	4.12	8.21	14.92	14.31	11.97
Total Assets, 3 Yr. CAGR %	5.75	11.92	12.96	14.76	11.45
Tangible Book Value, 3 Yr. CAGR %	3.98	8.03	14.83	14.25	12.01
Cash From Operations, 3 Yr. CAGR %	-29.08	-4.77	7.29	10.48	16.66
Capital Expenditures, 3 Yr. CAGR %	11.84	28.07	26.89	33.3	-5.27
Dividend Per Share, 3 Yr. CAGR %	6.27	-	57.07	-17.79	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.97	19.7	3.94	10.65	-2.19
Gross Profit, 5 Yr. CAGR %	8.93	26.02	7.18	38.35	-6.33
Earnings From Cont. Operations, 5 Yr. CAGR %	0.37	20.1	4.87	35.91	8.63
Net Income, 5 Yr. CAGR %	-0.8	18.31	2.91	70.75	4.19
Normalized Net Income, 5 Yr. CAGR %	-0.43	18.16	0.22	21.23	-8.46
Diluted EPS Before Extra, 5 Yr. CAGR %	-5.69	18.11	0.38	62.3	-1.95
Common Equity, 5 Yr. CAGR %	15.31	5.38	9.35	11.64	10.92
Total Assets, 5 Yr. CAGR %	9.72	9.76	9.94	12.02	12.03
Tangible Book Value, 5 Yr. CAGR %	15.22	5.24	9.23	11.54	10.88
Cash From Operations, 5 Yr. CAGR %	40.8	-13.93	1.01	-10.06	5.65
Capital Expenditures, 5 Yr. CAGR %	18.57	26.6	22.14	22.76	9.79
Dividend Per Share, 5 Yr. CAGR %	12.47	-	15.63	14.87	10.2